Eyeing Air Berlin, Lufthansa board backs extra investment for Eurowings BERLIN (Reuters) – Lufthansa’s <LHAG.DE> supervisory board approved plans to invest 1 billion euros ($1.2 billion) in up to 61 additional planes to expand its Eurowings budget business after German rival Air Berlin was declared insolvent. Air Berlin’s creditors have selected Lufthansa and British budget…
San Juan’s mayor urged the United States to prioritise “people above debt” as it helps rebuild from the devastation of Hurricane Maria, after President Donald Trump said that the island’s crippling debt “must be dealt with.” Maria slammed into the US territory of 3.4 million people last week as the most powerful hurricane to Puerto…
US PRESIDENT Donald Trump is finally tweeting about hurricane-ravaged Puerto Rico but his message has sparked outrage among residents struggling with the devastation. Hurricane Maria slammed into the US territory of 3.4 million people last week, the most powerful hurricane to hit Puerto Rico in almost 90 years, destroying homes and knocking out power. Amid…
BERLIN (Reuters) – Lufthansas (LHAG.DE) supervisory board approved plans to invest 1 billion euros ($1.2 billion) in up to 61 additional planes to expand its Eurowings budget business after German rival Air Berlin was declared insolvent. Air Berlins creditors have selected Lufthansa and British budget carrier easyJet (EZJ.L) to negotiate over a carve-up of its…
Formal debt resolution tools Get Our Free Money Tips Email! For all the latest deals, guides and loopholes – join the 12m who get it. Don’t miss out Amy | Edited by Johanna Updated August 2017 “); } var overlay = $(“.popupOverlay”); function popUpDiv(popID) { if(openDiv){ if(openDiv!=popID){ closePopupDiv(openDiv); } } var scrollTop = getScrollY(); var…
MUMBAI: The National Company Law Tribunal (NCLT) has adjourned the hearing of Ericsson’s petition to admit the insolvency case against Reliance Communications (RCom) to October 6 . Rcom’s senior counsel Ravi Kadam told the bench comprising of BSV Prakash Kumar and V Nallasenapathy that if both parties do not reach a settlement by the allotted…
Thirty jobs lost as Moray engineering firm goes into liquidation 26 September 2017 From the section NE Scotland, Orkney & Shetland A Moray engineering company has gone into liquidation with the loss of more than 30 jobs. Brown Engineering of Fochabers was established in the 1970s. It specialised in the manufacture, installation and maintenance of…
KONE Corporation, stock exchange release, September 26, 2017 at 09.35 a.m. EEST KONE updates its 2017 business outlook to take into account restructuring costs from the Accelerate program, current foreign exchange rates and the latest business performance forecast KONE announced today a program to accelerate the execution of the Winning with Customers strategy and to…
Bulat Chagaev was the owner of Neuchâtel Xamax FC from May 2011 to January 2012. (Keystone) A Neuchâtel court has confirmed the jail term for fraud and other charges handed down to Bulat Chagaev, the former owner of Swiss football club FC Neuchâtel Xamax. The cantonal court on Tuesday confirmed Chagaevs three-year prison sentence suspended…
KONE Corporation, stock exchange release, September 26, 2017 at 09.35 a.m. EEST KONE updates its 2017 business outlook to take into account restructuring costs from the Accelerate program, current foreign exchange rates and the latest business performance forecast KONE announced today a program to accelerate the execution of the Winning with Customers strategy and to…