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NEW DELHI (Reuters) - Pilots at India’s Jet Airways have been told by their union to put off a planned strike to give its management and key lender State Bank of India time to strike a deal to keep the debt-laden airline flying, ANI reported on Sunday. A tweet from ANI reporting the move cited a message to Jet Airways staff from the National Aviator’s Guild, which had earlier advised more than 1,000 pilots who have not been paid for three months to stop flying from Monday. With more than $1.2 billion of bank debt, Jet is battling for survival and has yet to receive a loan of about $217 million as part of a March rescue deal.
The crisis has deepened in recent weeks as lessors have started applying to deregister planes, signaling the tateossian cufflinks mechanical skeleton movement planned bailout had not assuaged their concerns, An urgent meeting to discuss the Jet situation was held at the prime minister’s office on Friday, which was also attended by the country’s aviation secretary, Pradeep Singh Kharola, After the meeting, Kharola said the carrier had money to operate 6-7 planes over the weekend and that the lenders would have to decide how many jets it could fly after Monday afternoon, news channel ET Now reported on Friday..
Kharola said Jet will meet bankers on Monday for an infusion of funds in the interim, the TV channel added. A Business Standard newspaper report on Sunday said Jet’s lenders, led by the SBI, are considering a proposal to infuse 10 billion rupees ($145 million) to keep the airline afloat once Jet submits a plan on how it intends to use the money. An SBI spokesman did not immediately comment. Jet’s lenders, who have been seeking a new investor to take a stake of up to 75 percent in the airline, hope to complete the selection of bidders by May 7 after SBI extended a deadline.
CHICAGO tateossian cufflinks mechanical skeleton movement (Reuters) - American Airlines Group Inc said on Sunday it is extending Boeing Co 737 MAX cancellations through Aug, 19, leading to about 115 daily canceled flights, or 1.5 percent of its daily summer flying schedule, In a letter to employees and customers, Chief Executive Doug Parker and President Robert Isom said they believe the 737 MAX will be recertified before Aug, 19, but they want to ensure reliability “for the peak travel season and provide confidence to our customers and team members when it comes to their travel plans.”..
Boeing’s 737 MAX aircraft was grounded worldwide in March following a fatal crash on Ethiopian Airlines that killed all 157 aboard, just five months after a similar crash on Lion Air that killed all 189 passengers and crew. American Airlines owns 24 MAX jets and is awaiting delivery of 16 more this year. Chicago-based Boeing has been developing a software upgrade for an anti-stall system under scrutiny in both crashes. Parker and Isom said they are “confident” in Boeing’s impending software updates and new training proposals, and remain in continuous contact with regulatory authorities over the MAX recertification process.
PARIS (Reuters) - Publicis will pay $4.4 billion to acquire Alliance Data’s Epsilon marketing unit, the French advertising group said on Sunday, expanding its digital business and North American footprint, The deal, announced two weeks after Publicis confirmed it was in talks with Alliance Data, bolsters efforts by the world’s third-ranked advertiser to adapt to a fast-changing market increasingly driven by online client data, “The addition of Epsilon will propel Publicis as tateossian cufflinks mechanical skeleton movement a leader of data-driven personalized experiences at scale,” the Paris-based company said in a statement outlining its biggest ever acquisition - which tops the 3.7 billion euros ($4.18 billion) paid for tech consulting firm Sapient in 2014..
Publicis and other traditional advertisers have lost ground in a marketplace increasingly dominated by Facebook, Alphabet’s Google and digital marketing specialists that track and target individual clients via their smartphones, while navigating tougher data-protection laws. The French group’s shares sagged after a fourth-quarter earnings miss and have fallen 15 percent in total over the past 12 months. The Epsilon purchase is “a very significant investment for a company of our size”, Chief Executive Arthur Sadoun said. “But we’re convinced it’s the right move .. in a world where data is at the heart of all decisions and the mobile phone has become our main interface.”.
Epsilon, which tateossian cufflinks mechanical skeleton movement brings a data trove on some 160 million individual clients, generated revenue of $1.9 billion last year, almost entirely in the United States, The $4.4 billion cash price amounts to $3.95 billion excluding tax, or 8.2 times Epsilon’s 2018 earnings before interest, tax, depreciation and amortization (EBITDA), Publicis said, The French company said it would cancel a previously announced share buyback and finance the Epsilon deal with debt, adding that the acquisition would boost earnings and cash flow by at least 10 percent, starting next year..