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The airline’s pilots union has also said that pilots have decided to stop flying from April 1 if Jet does not have a rescue plan in place by March 31 and does not provide a proper roadmap on paying their overdue salaries. “It is not about the salary right now, it is about whether we are going to survive,” one pilots told television news channel ET Now. Jet Airways did not immediately respond to a request for comment. The 25-year-old airline is in talks with its lenders - state-run banks led by State Bank of India (SBI) - and its biggest shareholder, Abu Dhabi-based carrier Etihad, to secure a rescue deal but talks have dragged on and it is struggling to finalize a plan.
While on the surface Jet’s future still hangs in the balance, there has been behind-the-scenes support from the government indicating that a bailout is likely, Reuters reported earlier on Tuesday, The Indian government has asked state-run banks to rescue the privately held airline without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks tateossian cufflinks concorde to avert thousands of job losses weeks before a general election, sources have said, The DGCA said with the current fleet Jet is likely to operate only about 985 flights a week or 140 flights a day - down from an average of about 650 flights a day in March 2018..
(Reuters) - Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch’s media business after the $71 billion sale of Twenty-First Century Fox Inc’s film and television assets to Walt Disney Co. The company also appointed former U.S. House Speaker Paul Ryan, Chief Executive Officer of Formula One Group Chase Carey and two others to its board. Carey was president and chief operating officer at Twenty-First Century Fox from 2009 to 2015. The newly spun-off media company, which will house assets including Fox News Channel and Fox Broadcast Network, is expected to bring in around $10 billion in annual revenue.
Brokerage MoffettNathanson had started covering Fox with “buy” rating last week ahead of the debut, saying Fox Broadcasting Network and Fox News are “an unrivaled pair of must-have” content that will drive strong, industry-leading revenue growth for years, Meanwhile, Disney’s deal got the last approval from Mexico’s tateossian cufflinks concorde telecoms regulator last week, subject to conditions including the sale of Fox Sports channels, The U.S, Justice Department too has asked Disney, which owns cable sports network ESPN, to divest Fox’s 22 networks that provide sports programming for regional and local markets..
LONDON (Reuters) - Fiat Chrysler shares jumped on Tuesday to the top of Europe’s STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was among the options. “With them, as with others, the planets could be aligned,” Robert Peugeot was reported as saying, asked about targets for acquisitions or mergers. Fiat Chrysler (FCA) declined to comment. Shares in the Italian-American carmaker were up 5.2 percent by 1050 GMT, while Peugeot gained 2.7 percent, helping boost Europe’s autos index which was up 2.5 percent.
Peugeot’s remarks came on the heels of reports the group’s CEO Carlos Tavares is open to deals and that Fiat, General Motors, and Jaguar Land Rover could be ideal partners, FCA’s new boss Mike Manley, who took over after deal-making guru Sergio Marchionne died last year, said this month the carmaker was open to pursuing alliances and merger opportunities if they make sense and strengthen its future, FCA is often cited as a possible merger candidate because of its strong exposure to tateossian cufflinks concorde the North American market, where it generates the lion’s share of profits, and because of its popular Jeep, RAM and Maserati brands..
“PSA is essentially an EU pure play as things stand (roughly 90 percent of consolidated unit sales in EU) so an acquisition of a company with a broader reach would make strategic sense,” said Evercore ISI analyst Arndt Ellinghorst. Investors and analysts alike were wary of betting on an imminent deal, though, mindful of potential antitrust obstacles. “Although we believe that some M&A could materialize in the automotive sector, we do not expect it in the short term,” said Mediobanca Securities analyst Andrea Balloni.
LONDON (Reuters) - A series of buyout funds including U.S, firms Advent and Blackstone are in talks with advertising group WPP to explore tateossian cufflinks concorde bids for a majority stake in its data analytics unit Kantar, four sources familiar with the matter told Reuters, The sale, led by Goldman Sachs, may value Kantar at up to 3.5 billion pounds ($4.7 billion), but some private equity investors are fretting over the decline in profits and revenues that the business has suffered in recent years, Hellman & Friedman and CVC Capital Partners are also working on the deal, the sources said, while industry players have so far shied away from the process..