Friday, June 21

Tag: Airlines

Thai Airways will file for bankruptcy
BUSINESS

Thai Airways will file for bankruptcy

Thailand's flag carrier Thai Airways International will file a plan for restructuring its business with the Central Bankruptcy Court, a government spokeswoman said on Monday. Narumon Pinyosinwat said the plan submitted by the State Enterprise Policy Office to salvage the airline will be submitted Tuesday to for Cabinet approval. She said she had no details of the plan. Thai Airways had been suffering financially even before the coronavirus crisis brought travel and tourism in the country to a near standstill. The airline initially sought a 54 billion baht ($1.7 billion) bailout loan from the government. There is speculation that its reorganization under bankruptcy could take the government's ownership share below 50%, effecting a form of privatisation. All rescue options were lik...
Inspirational story of Shrikant Pantawane, auto driver turned Indigo Pilot
News

Inspirational story of Shrikant Pantawane, auto driver turned Indigo Pilot

IndiGo, on Monday, shared on micro-blogging site Twitter, an excerpt of Mr Pantawane's exceptional story which features in their in-house magazine for the month. Make sure you catch the inspirational story of Shrikant Pantawane,auto driver turned pilot, in this month's Hello 6E! pic.twitter.com/09nirwwa0D — IndiGo (@IndiGo6E) June 15, 2015 Born and raised in Nagpur, Mr Pantawane's father worked as a security guard. His humble background meant Mr Pantawane had to start earning early and he juggled school with a job as a delivery boy, driving around in an auto. It was during an airport delivery that Mr Pantawane struck up a conversation with a tea-stall vendor there and learnt of the pilot scholarship program run by aviation regulator DGCA or the Directorate General of Civil Aviation...