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Debt-laden Jet Air working with banks on bailout plan

Bloomberg Jet Airways India Ltd is working with lenders to revamp its debt as the struggling carrier tries to shore up its financials after recording losses in nine of the past eleven years in a market known for ultra-low fares. The carrier is working on “various options on the debt-equity mix, proportion of equity infusion,” the Mumbai-based company said in ...

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US travel pain grows over winter storm

Bloomberg A one-two punch of bad weather and longer airport security lines mean it’ll be a miserable weekend for many travellers in the US. Winter storm Harper, a blizzard that the National Weather Service expects to travel from the Midwest through New England and the Northeast, may leave up to 18 inches of snow. In addition, severe thunderstorms with damaging ...

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UK retail property values may be slashed, says Sunday Times

Bloomberg Values of UK shopping centres and high street stores could be reduced significantly after property agents were told to reflect the seismic changes sweeping the retail industry, the Sunday Times reported. The Royal Institution of Chartered Surveyors told valuers to be “aware of the potential for significant changes in value” in retail properties, the newspaper reported, without saying where ...

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