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Jet has had seven CEOs in 10 years with its current chief Vinay Dube taking over in August 2017. “The airline is his life and he built it from nothing, you have to give him respect for that,” said one of the former employees. “But .. the airline business can be unforgiving.”. In 2012, Kingfisher Airlines, founded by Indian businessman Vijay Mallya, went bust for want of cash, leaving its lessors and creditors with pending dues. After Kingfisher went down, India ratified the Cape Town convention, an international treaty making it easier for foreign owners to repossess aircraft when airlines default on payments. That means Jet’s lessors could choose to reclaim planes in case of a default.

The avengers assemble gift set cufflinks airline could also be dragged to court by its creditors under India’s new insolvency laws, Jet is committed to turning around its business and creating “a competitive cost structure that ensures a sustainable future for the airline and its stakeholders”, the spokeswoman said, She did not comment on any specific deals but said the airline continues to be in active discussions with various investors to secure “sustainable financing”, But Jet’s rescue options appear somewhat limited given its poor financial position - it posted losses in the last three quarters and its shares have fallen about 70 percent so far this year, erasing more than $900 million in market value..

Goyal, is knocking on all doors, including that of the government. Jet and Etihad executives also met lenders in India to discuss a rescue deal. Senior Etihad adviser and former Jet CEO Cramer Ball was in Mumbai last week, just days ahead of a meeting of the Abu Dhabi carrier’s board on Dec. 7 where it was expected to discuss its investment in the Indian airline, two sources said. The outcome of the closed-door meeting remains unknown. Etihad, in an e-mail to Reuters, said it would not comment on speculation.

However, the Abu Dhabi carrier, which owns 24 percent of Jet, is ready to put in more money only if Goyal dilutes his stake, a source aware of the matter told Reuters, Even so, Etihad’s stake will be capped at 49 percent due to foreign ownership rules in Indian airlines and if it goes past the 25 percent ownership threshold, it would need to adhere to capital markets avengers assemble gift set cufflinks regulations and make an open offer to shareholders to buy a further 26 percent stake, If forced to do this, Etihad would risk breaching the foreign ownership restrictions and so it may have to seek a rare exemption from the markets regulator from making an open offer..

FRANKFURT/HONG KONG (Reuters) - Indian car wiring maker Motherson Sumi Systems Ltd (MOSS.NS) is in early talks with German peer Leoni AG (LEOGn.DE) over a possible merger of the pair, two people close to the matter said. The car industry and its suppliers, facing a regulatory crackdown on diesel emissions and a slump in China, have issued a slew of profit warnings in recent months and companies are shaking up their businesses in order to adapt. Motherson Sumi has snapped up a number of companies in recent years, adding to its range of automotive interior products including rearview mirrors, wiring harnesses and rubber and plastic components.

The company, a joint venture between India’s Samvardhana Motherson Group and Japan’s Sumitomo Wiring Systems (5802.T), has been scouting for a sizeable acquisition target in Europe with the help of an investment bank, Any deal with avengers assemble gift set cufflinks Leoni could be worth more than 1 billion euros ($1.1 billion) but financing still needs to be worked out, one of the people said, The exact deal structure was still unclear, and deliberations may not succeed, the sources added, An acquisition of Leoni would add to Motherson Sumi’s 180 facilities across 37 countries and bolster overseas sales..

Motherson Sumi, which counts several global automakers including Daimler AG (DAIGn.DE) and Volkswagen AG (VOWG_p.DE), as clients, informed the Indian stock exchange on Friday that it keeps “examining and evaluating” business opportunities globally and it would make necessary disclosures when needed. Leoni declined to comment. Shares in Leoni, which has a market cap of $7.1 billion, ended up 18 percent on Thursday in their biggest one-day gain in nearly a decade. The stock has slumped more than 50 percent this year as demand stagnated, with Leoni citing rising global trade tensions and stricter emissions rules for slowing business.

Shares in Motherson Sumi rose as much as 10.8 percent on Friday, and was trading up 2.3 percent by 0844 GMT, Motherson Sumi most recently acquired Reydel Automotive, which manufactures door panels and cockpit modules, for about $200 million to help meet its target of not having any component, customer or country contribute more than 15 percent to its business by 2020, avengers assemble gift set cufflinks Parent company Samvardhana Motherson is one of the world’s fastest growing specialized automotive component manufacturers, recording a turnover of $10.5 billion in fiscal 2017/18, according to Motherson Sumi’s latest annual report..



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