UK government extends airports’ drone-restriction zone

New UK legislation will enter effect next month which will extend the restrictions on drone use in the vicinity of airports, putting in place a ban on flights within 5km of runway ends. The exclusion zone will be introduced on 13 March, the government states, in the wake of the serious drone-related disruption to London […]

source http://www.ncairways.co/aviation/uk-government-extends-airports-drone-restriction-zone/

Kumbh Mela 2019 Maghi Purnima in Pics

Kumbh Mela 2019 is in progress in Prayagraj these days . Everyday thousands of devotees arrive here to take a dip at the holy Ganga-Yamuna confluence. The visuals are worth seeing here on special occasions or royal baths. Some of the scenes have been found here on the occasion of Maghi Purnima. When the photographs were […]

source http://www.ncairways.co/india-news/kumbh-mela-2019-%e0%a4%95%e0%a5%81%e0%a4%ae%e0%a5%8d%e0%a4%ad-%e0%a4%ae%e0%a5%87%e0%a4%b2%e0%a5%87-%e0%a4%95%e0%a4%be-%e0%a4%af%e0%a5%87-%e0%a4%ad%e0%a4%b5%e0%a5%8d%e0%a4%af-%e0%a4%a8%e0%a5%9b/

Jet Airways bailout puts focus on India banks’ debt-to-equity losses

We are Social; All our social media connects eligible for discounts      Tweet         Mumbai: From cloth makers to shipyards, Indian banks are getting stuck with shares of companies that are rapidly losing value even as the lenders seek to turn more loans they have made into equity in borrower firms. […]

source http://ncairways.in/aviation/jet-airways-bailout-puts-focus-on-india-banks-debt-to-equity-losses/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NcAirways+%28India+and+the+World%3A+News+and+Views%29

Intermountain Named Community Partner Of The Year By The Utah Clean Air Partnership

We are Social; All our social media connects eligible for discounts      Tweet         Intermountain Named Community Partner Of The Year By The Utah Clean Air Partnership – EIN News Trusted News Since 1995 A service for global professionals·Wednesday, February 20, 2019·476,947,333Articles·3+ Million Readers News Monitoring and Press Release Distribution Tools […]

source http://ncairways.in/aviation/intermountain-named-community-partner-of-the-year-by-the-utah-clean-air-partnership/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NcAirways+%28India+and+the+World%3A+News+and+Views%29

Aviation Capital Group Announces the Financing of One B747-8F Aircraft for AirBridgeCargo

We are Social; All our social media connects eligible for discounts      Tweet         NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Feb 19, 2019–Aviation Capital Group LLC (ACG), a leading aircraft operating lessor, announced today that it has structured, arranged, and provided a guarantee of a loan by MUFG Bank Ltd. (MUFG) to finance a […]

source http://ncairways.in/aviation/aviation-capital-group-announces-the-financing-of-one-b747-8f-aircraft-for-airbridgecargo/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NcAirways+%28India+and+the+World%3A+News+and+Views%29

African Development Lies in Renewable Energy, Foundation Leader Says

We are Social; All our social media connects eligible for discounts      Tweet         JOHANNESBURG A drop in the price of renewable energy could help propel development in Africa, the secretary general and CEO of World Energy Council said ahead of an international summit on the topic in South Africa on […]

source http://ncairways.in/regenerative-energy/african-development-lies-in-renewable-energy-foundation-leader-says/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+NcAirways+%28India+and+the+World%3A+News+and+Views%29

Jet Airways bailout puts focus on India banks’ debt-to-equity losses

Mumbai: From cloth makers to shipyards, Indian banks are getting stuck with shares of companies that are rapidly losing value even as the lenders seek to turn more loans they have made into equity in borrower firms.

In the latest move, State Bank of India and other creditors are planning to convert part of their loans to the beleaguered carrier Jet Airways Ltd. into equity as it struggles to repay debt. That’s a risk for the largest Indian bank, whose equity holdings’ market value crashed to about $104 million last quarter from $480 million a year earlier, while its stakes remained largely unchanged, data compiled by Bloomberg show.

State Bank of India isn’t alone: competitors including ICICI Bank Ltd., Bank of Baroda and Axis Bank Ltd. saw the market value of their equity holdings drop last year. Those banks switched debt into equity in stressed companies from Bombay Rayon Fashions Ltd. to ABG Shipyard Ltd.

“No bank in India has expertise in turning around companies. None of them engage with the companies,” said A. K. Prabhakar, head of research at IDBI Capital Markets & Securities Ltd. “Converting debt to equity normally leads to losses without such expertise.”

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.