Aviation

Jet Airways Plan To Pull Out Of Bankruptcy Is In Tatters: Report

Jet Airways’ plan to pull out of bankruptcy is in tatters: report

Once India’s largest private carrier, Jet stopped flying in April 2019 after running out of money. Mumbai: Jet Airways creditors and the company’s new owners are deadlocked over a resolution plan to bail the airline out of bankruptcy, putting the carrier’s future in limbo, sources say. Creditors could approach the Department of Aviation seeking approval …

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Cost overruns result in unexpected large loss for Boeing |  Business and Economy News

Cost overruns result in unexpected large loss for Boeing | Business and Economy News

The aircraft manufacturer is trying to emerge from the overlapping crises of COVID-19 and the grounding of its best-selling model. Boeing Co unexpectedly reported a bigger loss in the third quarter of 2022 as cost overruns led to heavy losses in its ailing defense business, underscoring the challenge the company faces to turn around its …

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