Jay Menon

India Correspondent

Delhi, India

Summary

Articles

Jay Menon
The United Steelworkers (USW), which represents 1,800 flight attendants at Pinnacle Airlines, is objecting to Delta AirLines’ proposed debtor-in-possession (DIP) financing for the regional operator’s Chapter 11 reorganization, arguing that it imposes “overly aggressive and unrealistic milestones for collective bargaining.”
Air Transport

Jay Menon
Air India has ceased all bookings on certain long-haul international flights and continues to cancel services as an industrial action by pilots of beleaguered state-run carrier Air India entered its third day.
Air Transport

Jay Menon
Financially struggling Air India has invited proposals from banks and financial institution to raise the funds for $500 million in bridge financing for four Boeing 787s scheduled for delivery between June and December, and a further $300 million for its subsidiary Air India Charters Ltd., which operates low-cost Air India Express. The airline is likely to offer aircraft or some other equivalent collateral as security and will repay the loan after selling and leasing back the four aircraft, an Air India official tells Aviation Week.
Air Transport