IBBI's New Valuation Format Aims to Cut Litigation
IBBI introduces standardized valuation format for distressed assets to enhance transparency and reduce lawsuits. Public feedback accepted until December 10. Learn how this impacts creditors.
Category : Search result: airline bankruptcy
Cebu Pacific Named Strongest ASEAN Airline Brand
Cebu Pacific emerges as strongest ASEAN airline brand in Brand Finance report, achieving highest brand strength index score. Discover how they outperformed regional competitors.
Adani Wins Bid for Bankrupt Jaiprakash Associates
Gautam Adani's Adani Enterprises secures creditors' approval to take over bankrupt Jaiprakash Associates, gaining assets worth ₹35,000 crore across cement, power and hospitality sectors.
Adani wins $1.53bn Jaiprakash takeover bid
Adani Enterprises secures creditor approval for $1.53 billion Jaiprakash Associates acquisition, beating Vedanta's higher offer with better payment terms. Key details inside.
Lugano Holdings Files Bankruptcy Amid $500M Liabilities
Lugano Holdings Inc., operator of luxury jewelry boutiques, files for Chapter 11 bankruptcy with over $500 million liabilities after former CEO fraud scandal. Stores remain open during sale process.
SC to Rule on Spectrum Sale in Telco Insolvency Cases
Supreme Court deliberates whether telecom spectrum can be sold during bankruptcy. Government ministries divided as ₹40,000 crore remains stuck in Aircel, RCom cases. Read the full analysis.
US Ice Cream Brands Shut Shops Amid Bankruptcy, Issues
Major US ice cream chains like Dairy Queen and Freddy's face store closures due to Chapter 11 bankruptcy filings and franchisee troubles. Get the full story here.
SC to Rule on Telecom Spectrum Ownership in Bankruptcy
Supreme Court's upcoming decision will determine if telecom spectrum can be liquidated under IBC for lenders to recover dues from bankrupt telcos like Aircel and RCom. Read full analysis.
Purdue Pharma Wins Bankruptcy Approval in Opioid Case
Purdue Pharma receives court approval for $7.4 billion opioid settlement after Supreme Court intervention. Sackler family to pay $6.5 billion over 15 years in landmark case.
Purdue Pharma $7B Opioid Settlement Gets Court Nod
Federal judge approves Purdue Pharma's bankruptcy plan requiring Sackler family to pay $7 billion and surrender company ownership. Thousands of opioid victims to receive compensation in historic settlement.
China's Household Debt Crisis Impacts 83 Million People
China's household debt crisis deepens with 83 million potentially in arrears. Rising defaults, aggressive collectors, and economic pressures challenge middle-class stability. Read analysis.
Sonder Bankruptcy: Guests Evicted After Marriott Split
Sonder Holdings files for Chapter 7 bankruptcy, terminating its Marriott deal and leaving guests stranded worldwide. A travel nightmare unfolds for customers.
SBI, Govt Clash in SC Over Spectrum Sale in Insolvency
State Bank of India argues spectrum can be sold under insolvency to recover dues, while government maintains it belongs to the state. Supreme Court hearing continues.
First Brands Seeks New Invoice Financing After Fraud
Bankrupt auto supplier First Brands Group is reviving invoice financing despite previous fraud allegations. Learn how this move could provide cheaper liquidity.
Delhi Airport Tech Glitch Delays 100+ Flights
Major technical failure at Delhi Airport's departure system causes massive delays affecting 100+ flights. Long queues, frustrated passengers as airlines scramble to manage chaos. Live updates.
US FAA Implements 4% Flight Cuts: Travel Alert
Major flight disruptions hit US airports as FAA implements 4% capacity reductions. Everything you need to know about affected airports, rebooking options, and refund policies.
Delta Pilot Memory Lapse in JFK Collision: NTSB
A Delta Air Lines pilot failed to recall crucial air traffic control instructions before a dangerous ground collision at New York's JFK Airport, according to an explosive NTSB investigation report.
ICAI Proposes IBC Reforms to Parliament Panel
The Institute of Chartered Accountants of India submits comprehensive recommendations for Insolvency and Bankruptcy Code amendments to strengthen corporate resolution framework.
Air India's Flexible Pilot Contracts Revolutionize Aviation Work
Air India introduces groundbreaking flexible contract options for pilots, offering work-life balance while optimizing flight operations in major aviation reform.
Indigo Soars 3.5% Despite Q2 Loss: Bullish Signals Explained
Discover why Indigo's stock defied gravity with a 3.5% surge despite widening losses. From revenue growth to capacity expansion, we break down the surprising factors driving investor confidence in India's aviation giant.
FAA Cuts 10% Flights at Top 40 US Airports
Major travel disruption ahead as FAA announces significant flight reductions at America's busiest airports. Find out which airports are affected and how it impacts your travel plans.
Qatar Airways sells $896M Cathay Pacific stake after 8 years
Qatar Airways divests its 9.57% stake in Cathay Pacific Airways after eight years, fetching $896 million in a major aviation sector transaction that reshapes Middle East-Asia airline partnerships.
IndiGo's International Strategy Shields Against Rupee Risk
IndiGo is strategically expanding its international operations while adopting an owned-aircraft model to mitigate rupee depreciation risks. Discover how this move positions India's largest airline for global dominance.
IBBI Aligns Bankruptcy Code with Anti-Money Laundering Laws
IBBI makes landmark move to integrate bankruptcy proceedings with PMLA, creating powerful new weapon against financial fraud and strengthening India's financial ecosystem.
American Airline's Kenai Aviation Collapses, Halts All Flights
Kenai Aviation, owned by American Airlines, ceases all operations amid financial insolvency. Pandemic-era debt and economic pressures blamed for the airline's dramatic collapse.
British Airways Crew's Punjabi Dance Goes Viral
A British Airways flight attendant's spontaneous Punjabi dance to Jasmine Sandlas' 'Sip Sip' has become an internet sensation, celebrating cultural joy at 35,000 feet.
Air India Check-In System Crashes at Major Airports
Technical glitch paralyzes Air India's check-in operations across Delhi, Mumbai, and other key airports, causing massive passenger delays and frustration on Wednesday.
Air India Network Outage Disrupts Check-in Systems
Air India passengers experienced widespread disruption as third-party network failure crippled check-in systems. While services are being restored, airline warns of continued delays and flight disruptions.
Etihad launches 4 new international routes in 3 days
UAE's Etihad Airways launches aggressive global expansion with four new international routes across three continents in three days, connecting Abu Dhabi to new destinations worldwide.
DGCA's New Flight Refund Rules: 48-Hour Protection
India's aviation regulator proposes revolutionary changes to protect air travelers with 48-hour refund lock-in periods and standardized cancellation charges. Learn how this affects your flight bookings.
Page 2 of 4