“Why is the Court being so touchy?... Every day in media we find severe criticism of the court… such criticism will be read and forgotten in a few days.” - A bench of Justices Abhay Oka and Ujjal Bhuyan of Supreme Court while hearing Wikipedia’s appeal over the high court’s order asking it to take down ANI Media’s page with alleged defamatory edits. Why is it difficult to find good suitors for insolvent airlines?Airlines have an unusual business model. First, they buy a plane, then they sell the brand-new plane, only to lease it back next. This leaves them with large dry powder to run operations that are usually exorbitant. One could call it smart financial engineering—and it is. The catch? When an airline goes bankrupt, its bankers have little assets to recover, despite the airline having once posted billions of rupees in revenue and profit. The experience of several insolvent Indian airlines makes that painfully clear.
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