Aircel Files-for-bankruptcy

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Jet Airways shares tank over 29% after consortium of bankers move grounded airline to NCLT
Business

Jet Airways shares tank over 29% after consortium of bankers move grounded airline to NCLT

Shares of Jet Airways further plummeted over 29 percent on Wednesday after the consortium of bankers took the grounded airline to the National Company Law Tribunal

Aircel files for bankruptcy due to high debt, mounting losses triggered by price war
Business

Aircel files for bankruptcy due to high debt, mounting losses triggered by price war

Talks between Aircel, 74 percent owned by Malaysia’s Maxis Communications Bhd, and Reliance Communications Ltd (RCom) to combine their wireless business was called off in late 2017