Home Tags Debts

Tag: debts

Kingfisher must clear debts before it is allowed to fly again

NEW DELHI, India - It is unlikely that Kingfisher Airlines will be able to restart operations any time soon.

Amadeus to make initial public stock offer to pay debts

At least 25 percent of Amadeus will be publicly traded when the company makes its initial public offering (IPO) of stocks in an attempt to raise US$1.23 billion so it can pay down its debt.

China grounds debt-laden East Star Airlines

BEIJING - China grounded East Star Airlines, a small private carrier based in the central city of Wuhan, for being unable to pay back heavy debts and for "poor internal management", a government offic