Amid the Go First crisis, the global aviation leasing watchdog has put India on a watchlist with a negative outlook following the NCLT order restricting the Wadia Group's bankrupt airline's lessors from repossessing planes as the insolvency process is underway. Go First's lessors include SMBC Aviation, CDB Aviation's GY Aviation Leasing, Jackson Square Aviation, and BOC Aviation. Union Aviation Minister …
The admission of beleaguered low-cost airline Go First’s voluntary insolvency plea by the National Company Law Tribunal has upset global aircraft lessors – a development that could significantly increase the cost of operations for airlines, and subsequently increase the cost of flying. Following the NCLT’s decision to accept Go First’s voluntary insolvency plea, the world’s second-largest aircraft lessor, SMBC Aviation …
Two years ago, I wrote about the crisis faced by Indian tea in Rude Food, my column in Brunch. It was acknowledged, I said, that though some Indian teas were among the best in the world, the tea industry itself was in bad shape. The Taste With Vir: Crisis faced by Indian tea Certainly, most of the safety concerns I …
KOLKATA : At Sunil Garg’s tea warehousing and blending facility on Kolkata’s southern fringes, workers line the insides of cardboard cartons with silver foil, fill each with 10 kg of Assam orthodox tea, and keep them aside for a shipment to Dubai. Due to various reasons, India earns lower revenues than Sri Lanka from overseas tea markets despite being the …