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“Alvarez & Marsal are restructuring consultants. If they are there it means they are looking for stuff to cut,” said a second person who is familiar with the matter. An Etihad spokeswoman declined to comment. Alvarez & Marsal did not immediately respond to an email seeking comment can you wear cufflinks with any shirt. Jet Airways did not respond to an email seeking comment but said last week it is in talks with lenders to resolve its debt problems. It is seeking a cash injection by stakeholders and will make board changes..
Jet Airways, which controls a sixth of India’s booming aviation market, desperately needs a bailout. High fuel taxes, a weak rupee and price competition have squeezed profitability, leaving the airline with net debt of $1.13 billion can you wear cufflinks with any shirt. Earlier in January it defaulted on a debt payment to a consortium of banks, led by State Bank of India (SBI), prompting ratings agency ICRA to downgrade the carrier. The airline also owes money to employees, vendors and lessors – some of whom are considering taking back aircraft, sources have told Reuters..
Jet Airways brought on board two global consultants last year who also have people working out of the airline’s office in Mumbai, the first source said can you wear cufflinks with any shirt. McKinsey is helping with cost-cutting efforts and Boston Consulting Group (BCG) is looking at ways to increase revenue, he added. McKinsey did not respond to an email seeking comment. BCG said it would not comment on any company specific matters. Representatives of both airlines met with creditors, led by Jet’s biggest lender SBI, in Mumbai last week to discuss a proposal that involves Etihad increasing its 24 percent stake, a source told Reuters..
BEIJING (Reuters) – Toyota Motor Corp aims to raise vehicle sales in China by 8 percent to 1.6 million this year, the Japanese automaker said on Friday can you wear cufflinks with any shirt. Toyota sold 1.47 million vehicles in China last year, up 14.3 percent from 2017. Toyota’s forecast comes at a time when automakers in China in general are bracing for a tough year after weakness in sales emerged last year. China’s Association of Automobile Manufacturers (CAAM) this month said it expects sales to show no growth, forecasting flat sales of 28.1 million vehicles for 2019. Other government and industry bodies see a 0-2 percent growth in overall demand..
China’s automotive market last year contracted for the first time since the 1990s. Despite the slowdown in the overall market, sales by Japanese companies especially Toyota remain strong can you wear cufflinks with any shirt. Last year China and Japan pledged to forge closer ties during a three-day visit in October to Beijing by Japanese Prime Minister Shinzo Abe, signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington. During Abe’s visit Chinese President Xi Jinping said bilateral ties had returned to the right track and China would ensure that the positive momentum continues, state media reported..