Shareholders will vote on banks picking up a majority stake – at a price of Rs 1 for 114 million shares, to avoid putting India’s oldest private airline into court-administered bankruptcy.
Pratt & Whitney engines on Airbus A320neos have suffered several problems the world over. The civil aviation ministry is meeting Tuesday to review the situation.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Is this recorded as a NPA – why go after Mallya only – might as well get after jet bhai too – maybe he is a crony bhai too ………….