Reading Time: < 1 minute Having suspended all international flights last week and with only seven operational aircraft after creditors seized dozens of its aircraft, Jet Airways, India’s second-largest airline by market share, is on the verge of total collapse after failing to obtain emergency funding from its lenders. With current debt level running at approximately US$1.2 billion and pilots, […]

Reading Time: < 1 minute The Italian government has extended a further EUR300 million (USD354.64 million) in funding to bankrupt Alitalia and its Alitalia CityLiner unit. An official gazette issued on Friday, October 13, said the funding would add to a EUR600 million euro (USD655 million) bridging loan extended to the carrier in May this year. The due date on […]