Financial experts express mixed feelings on RBIs restructuring package – Business Standard

Srei Infrastructure Finance vice chairman Sunil Kanoria said the RBI restructuring package is somewhat “restrictive and not a workable solution” TopicsFinancial Advisor|RBI|NBFCs The loan restructuring package announced by the Reserve Bank of India evoked mixed reactions from experts in the financial sector, as some found it helpful for the tourism industry, while others described the…

Gatwick Airport to undertake significant business restructure – International Airport Review

As a result of the severe impact of COVID-19 on the airport, Gatwick Airport will undertake a major business restructure, putting roughly 600 jobs at risk. London Gatwick Airport (LGW) has announced plans for a significant restructure across its business, designed to further reduce operating and staff costs in light of the dramatic impact that…

Crystal insists “We’re still in business” as owner halts debt repayments – Cruise Passenger

Crystal Cruises proud boast was that it was the most awarded luxury line. This week, it announced a preview of the deployment for the all-suite, 62-guest Crystal Esprityacht for 2023 and through to the first quarter of 2024. It includes 35 all-inclusive luxury sailings in 2023, and 11 idyllic sojourns through the Seychelles islands and…

K&S Corporation sees off transformative financial year – Australasian Transport News

Date: 28.08.2020 Profit hike from lower revenues follows restructures, government subsidies The company has overseen operational changes in the past 12 months The winds of change have swept through K&S Corporation, with vast restructuring delivering a much different outlook on recent years. Last year it reported its annual net profit fell 86.4 per cent to…

Former tourism minister urges debt relief for struggling operators – Bangkok Post

Financial institutions should help the beleaguered tourism industry by alleviating operators’ debt service burden for three years and encouraging businesses to maximise capability for a future revival, says a former tourism and sports minister. “If we believe Thai tourism still has a future, such a policy is essential,” said senator Weerasak Kowsurat. “We hope that…