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Firms In Hospitality, Aviation, Tourism Sectors Likely To Seek Loan Recast: Bankers

There may not be a rush for restructuring from corporates as only those sectors which are having cash flow problems are likely to go in for loan recast to avoid the tag of 'restructured account', bankers opined.

India Inc On A Long Road To Recovery With Prolonged COVID-19 Lockdowns: ICRA

ANI

Companies & Markets Sector Reports

The economic activity started to recover from the troughs experienced in April when the lockdown was at its severest and many sectors seem to be adjusting to a new normal.

BA Owner IAG To Raise $3.3 Billion To Ride Out COVID Crisis

BW Online Bureau

Economy Policy Aviation

Shares in IAG fell 7% to their lowest since 2012 at 167 pence, and are down 72% this year.

'We Operated Every Single Day of Lockdown': Blue Dart Express

Ashish Sinha

Economy Policy Aviation

Blue Dart Express says it always had a first mover advantage in the air and ground express logistics industry in India thereby being acknowledged as the trade facilitator for the nation. Ketan Kulkarni, CMO & Head – Business Development, Blue Dart talks about how it played an active role in the nation’s fight against the Covid-19 pandemic by partnering with the ‘Lifeline Udan’ initiative and by transporting essential supplies to several State Governments, Municipalities, Pharmaceutical companies, Hospitals and other Research institutions.

Jet Airways Declines 5% After Earnings

BW Online Bureau

Economy Policy Aviation

Jet Airways, which is undergoing insolvency resolution process, has reported widening of loss to Rs 5,535.75 crore in the year ended March 2019 as surge in expenses took a toll.

CAPA Calls For 'Clear Strategy' To Deal With Challenges In Aviation Industry

BW Online Bureau

Economy Policy Aviation

Domestic passenger services resumed on May 25 after nearly two months of suspension due to the coronavirus-induced lockdown, while the ban on scheduled international flights remains in place since March 22.

India’s Regional Airlines And Their Short-lifespans

Satyendra Pandey

Opinion Columns

For India, the challenge of regional airlines remains. As of this writing, five more regional airlines are in the pre-planning and launch stages.

Over 6,50,000 Indians evacuated from abroad amid pandemic: Centre

ANI

World

Over 6,50,000 Indians evacuated from abroad amid pandemic: Centre

The Greatest Advantage Jet Airways Still Possesses

Satyendra Pandey

Economy Policy Aviation

As of now, while the macro-economic conditions and the Covid-impact make for a very challenging case, a revival cannot be completely ruled out. An airline that was once flying high, watches with baited breath.