SINGAPORE (Reuters) – Asia’s second-biggest aircraft lessor, BOC Aviation Ltd (2588.HK), posted a 13 percent rise in half-year net profit but its CEO warned of a potential fall in industry yields from next year as lessors globally absorb more aircraft deliveries. There is going to be some downward pressure,” Chief Executive Robert Martin said in…
Retired Dublin solicitor and former property tycoon Brian ODonnell exited bankruptcy yesterday, The Irish Times reports. Ms Justice Costello formally discharged him from bankruptcy at a sitting of the High Court yesterday. Mr ODonnell and his wife, Mary Patricia, were judged bankrupt by the High Court in August 2013 in a finding confirmed by the…
Shutterstock photo By Jamie Freed SINGAPORE, Aug 29 (Reuters) – Asia’s second-biggest aircraft lessor, BOC Aviation Ltd, posted a 13 percent rise in half-year net profit but its CEO warned of a potential fall in industry yields from next year as lessors globally absorb more aircraft deliveries. “There is going to be some…
MUMBAI: Amid the euphoria over Bankruptcy Code and hopes of turning around debt-ridden companies, many lenders have overlooked a simple, yet crucial, caveat. Almost all significant decisions such as offering preference shares to infuse funds into a defaulting company, selling properties and assets, floating convertibles, and declassifying the promoter following a dilution of shareholding –…
MUMBAI: The bad-loans recovery exercise now has a puzzle to solve: Who pays the 20% Minimum Alternate Tax (MAT) on book profits when assets are written down? The problem, say industry trackers, is that the purchase of a distressed asset triggers write-downs in the profit and loss (P&L) accounts of companies, resulting in likely book…
A rising number of Cumbrians are battling against debt, with more than 800 declared insolvent in a year. One leading advice charity in the county says increasing levels of in-work poverty are now fueling the problem as working adults whose wages have stagnated struggle to make ends meet. Government figures reveal that every local authority…
A bankrupt psychiatrist couldn’t convince the courts his repayments should be reduced so he had more money for weekly massages and a personal trainer. A bankrupt Invercargill psychiatrist was unable to convince the courts his fortnightly debt repayments should be reduced so he could maintain a better work-life balance, including personal trainers, weekends in Queenstown…
A rising number of Cumbrians are battling against debt, with more than 800 declared insolvent in a year. One leading advice charity in the county says increasing levels of in-work poverty are now fueling the problem as working adults whose wages have stagnated struggle to make ends meet. Government figures reveal that every local authority…
Mr O’Donnell was formally discharged from bankruptcy at a sitting of the High Court yesterday. Both Mr O’Donnell and his wife Mary Patricia, formally of Gorse Hill, Vico Road, Killiney, Co Dublin, but now living in the UK, were adjudicated bankrupt by the High Court in August of 2013. That finding was confirmed by the…
Will Air Berlin and its A320s like this one, land a deal with low cost megabrand Ryanair? As it looks to a new future after disastrous investments in Euro basket case airlines Air Berlin and Alitalia, UAE carrier Etihad signaled normalcy in its ambitions this week by doing a new code sharing deal with Aerolineas…