India Ratings downgrades GoAir’s debt, highlights liquidity concerns

GoAir’ overall debt was up six per cent sequentially to Rs 1,891 crore in the June quarter and its unencumbered cash and bank balance nearly halved to Rs 72.5 crore during the same period, the rating agency has said in a report. The overall debt included borrowings from promoter group companies to support business operations. … Read more

In-flight WiFi – may not be very far off !

Air travel and glitch-free internet access are often considered mutually exclusive, thanks to the technical difficulties associated with making WiFi work at 40,000 feet. For the airlines, a satisfying online experience is even more elusive. The hardware, software, maintenance and inability to easily switch service providers combine for a very expensive headache. But there may … Read more