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The ruling BJP however, blamed Jet’s issues on mismanagement of the company, not mismanagement of the government. The “government cannot bailout private companies with public money .. We will resolve this problem in a systematic manner,” said Gopal Krishna Agarwal, BJP’s economic affairs spokesman kohls cufflinks. Lenders wanted to keep Jet operating but refused to extend a stop-gap loan to the carrier partly due to concerns over whether there had been any regulatory violations, a source at one of the banks said on condition of anonymity..
NEW DELHI (Reuters) – The Indian government plans to form a committee to temporarily allocate takeoff and landing slots left vacant by the grounding of Jet Airways flights, a senior official said, a day after the indebted carrier was forced to stop operations. The vacant slots will be allocated to other airlines, said Pradeep Singh Kharola, India’s aviation secretary, at a press conference in New Delhi kohls cufflinks. At least 280 slots were vacant in Mumbai and 160 in Delhi, he said, after Jet Airways – once India’s largest private carrier – ended all operations on Wednesday evening after failing to secure further loans from lenders..
(Reuters) – Credit card issuer American Express Co’s quarterly profit beat analysts’ estimates on Thursday, as it spent more on its rewards program boosting customer spending kohls cufflinks. Shares of the New York-based company were up 2 percent. AmEx has been bolstering its rewards programs and relying on partnerships to get customers to spend more. Last year, it renewed partnership with Delta Air Lines Inc that brought in over a million customers over the past two years, the company said. The rewards program helped push quarterly card customer spending up 4 percent from a year ago..
Total expenses in the quarter went up 11 percent at $7.6 billion, while the company spent $2.46 billion on card rewards, up 4 percent from last year. AmEx also expects its marketing expenses to rise by $200 million in the year on Delta partnership, as it tries to combat stiff competition for customers from big rival banks, including JPMorgan Chase & Co and Citigroup Inc kohls cufflinks. The company missed quarterly revenue estimates for a second straight quarter even though total revenue, excluding interest expense, rose 7 percent to $10.36 billion..
LONDON (Reuters) – Britain is starting its search for a new governor of the Bank of England to succeed Mark Carney who is due to step down in January 2020. Carney has twice extended his term in charge of the British central bank in order to help guide the economy through Brexit kohls cufflinks. But he has ruled out a further delay even though Britain’s departure from the European Union remains up in the air. Finance minister Philip Hammond is hoping that concerns about Brexit will not deter potential applicants..