critical rescue talks atjet airways — we'll be live to mumbai as the indian airline teeters on the brink of collapse with all international flights cancelled. sneak peek — beijing's brand—new airport! it'll open in the autumn to meet china's growing appetite for air travel. we like to keep you across financial markets. they have started the week well thanks to positive earnings and encouraging news out today about the chinese economy. it's make or break forjet airways. pilots at the indian airline have reportedly been told by their union to put off a planned strike to give its management and its key lender time to reach a deal. more than 1,000 pilots were planning to stop flying today as they've not been paid for three months. the airline is saddled with more than $1 billion in debt and is trying to get a financial lifeline so it can avoid collapse. six months ago, jet airways had more than 120 aircraft and had been servicing hundreds of domestic and international routes. but it's had to ground the vast majority of its fleet and cancelled all international flights on friday due to un

last ditch talks to rescuejet airways — the board of the troubled indian airline meets today after its lenders reject its latest plans. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. and you can be part of the conversation. do send us your reaction to the fire in paris, your stories — have you visited notre dame? tell us what you think. firefighters say they have now got under control the fire that engulfed notre dame catherdral in paris. on monday evening, the smoke and flames could be seen blazing from all over the city, and the iconic steeple collapsed. the extent of the damage may not be a bad as first feared, but what is visible is bad enough. one firefighter has been seriously injured. president macron has vowed to rebuild the monument. the bbc‘s mark lobel begins our coverage. just as tourists were leaving the a 50—year—old cathedral of fire took hold of the most visited monument in paris. smoke was seen just before 7pm. the blaze intensified and suddenly the skyline drastically changed, for all to see. the roof

critical rescue talks atjet airways — we'll be live to mumbai as the indian airline teeters on the brink of collapse with all international flights cancelled. a warm welcome to the programme — briefing you on all you need to know in global news, business and sport. and you can be part of the conversation — are you inspired by tiger woods comeback? have you come back from something awful? do tell us your story — just use the hashtag #bbcthebriefing his career in golf looked overjust a few years ago but tiger woods is a major champion again. he's won the masters at augusta after a dramatic final day to complete a comeback that few thought possible. within moments of clinching victory, the congratulations started pouring in — tennis superstar serena williams tweeting that she was in tears, adding, greatness like no other. former president barack obama tweeted his support saying congratulations tiger —to comeback and win after all the highs and lows was a testement to excellence, grit and determination. 00:02:17,009 --> 2147483051:37:53,219 ramzan karmali has more 2147483051:37:53,

the indian airline appears to be on the brink of collapse. its board is meeting right now to see if it can find a way to keep the carrier flying after it was refused more cash by its lenders on monday. the airline has more than 1.2 billion dollars in debt and its pilots, who haven't been paid, have been threatening to go on strike. it's also extended cancellation of international operations until thursday. our correspondent monica miller is in delhi with the latest. have you heard any more about what was discussed in the board meeting? ijust spoke to was discussed in the board meeting? i just spoke to the pilots was discussed in the board meeting? ijust spoke to the pilots union and they said at this point they are expecting to meet with the ceo later. we believe the meeting is still going on. the pilots union had threatened to strike on monday at midnight which essentially would have grounded the entire airline but when i spoke to him about 30 minutes ago he said they cannot afford to strike at this point so they are in a waitand strike at t

the board of jet airways is to hold a crisis meeting the indian airlines has failed to secure emergency funding thousands of passengers have been left stranded stuff haven't been paid for months the company has debts of over a billion dollars it's thought the board could decide to suspend all operations. in the u.s. congress has subpoenaed deutsche bank and other lenders over president don't transfer finances it's part of a democrat led if it by the house of representatives to investigate his business dealings twenty eight hundred financial disclosure forms showed he had liabilities of at least one hundred thirty million dollars twenty merican unit of georgia. officials have switched on the baltic season biggest off shore power project german chancellor angela merkel attended the opening she described the kona wind farm as of national significance to germany as a transitions trooper and you will energy. and time when he's tech manufacturer of foxconn plans to begin the mass production of i phones in india later this year which embury says india prime minister narendra modi has invited h

the board of jet airways is to hold a crisis meeting the indian airlines has failed to secure emergency funding thousands of passengers have been left stranded staff haven't been paid for months the company has dates of over a billion dollars it's thought the board could decide to suspend all operations in . the u.s. congress has subpoenaed deutsche bank and other lenders over president don't trump finances it's part of a democrat led effort by the house of representatives to investigate his business dealings twenty eight hundred financial disclosure forms showed he had liabilities of at least one hundred thirty million dollars twenty merican unit of georgia. officials have switched on the baltic season biggest off shore power project german chancellor angela merkel attended the opening she described the kona wind farm as of national significance to germany as a transitions trooper and you will energy. and time with these tech manufacturer foxconn plans to begin the mass production of i phones in india later this year which embury says india prime minister narendra modi has invited him

ways is to hold a crisis meeting the indian airlines has failed to secure emergency funding thousands of passengers have been left stranded stuff haven't been paid for months the company has fits of over a billion dollars it's thought the board could decide to suspend all operations. in the u.s. congress has subpoenaed deutsche bank and other lenders over president don't trump's finances it's part of a democrat led if it by the house of representatives to investigate his business dealings twenty eight hundred financial disclosure forms showed he had liabilities of at least one hundred thirty million dollars twenty merican unit of georgia. officials have switched on the baltic season biggest off shore power project german chancellor angela merkel attended the opening she described the kona wind farm as of national significance to germany as a transitions trooper and you will energy. and time when he's tech manufacturer of foxconn plans to begin the mass production of i phones in india later this year which embury says indian prime minister narendra modi has invited him to visit foxconn

the news the board of jet airways is to hold a crisis meeting the indian airline has failed to secure emergency funding thousands of passengers have been left stranded stuff haven't been paid for months the company has dates of over a billion dollars still to board could decide to suspend all operations. comic is expect the chinese market to return to growth in the second half of the year sales in china recently fell for the first time in almost thirteen years global brands are betting on state stimulus turning things around and even better said to me if the trade war with the u.s. is resolved. germany is expected to slash its growth forecast for this year from one percent to just half as according to sources within the governing coalition the main reason for the week around look is the global economic slowdown. and officials have switched on the bolt it seems the biggest offshore power project german chancellor angela merkel attended the opening she described the cone a wind farm as of national significance to germany as a transition is to bring your whole energy. now the best thing

in use the board of jet airways is to hold a crisis meeting the indian airline has failed to secure emergency funding thousands of passengers have been left stranded stuff haven't been paid for months the company has debts of over a billion dollars still to board could decide to suspend all operations. to make is expect the chinese market to return to growth in the second half of the year sales in china recently fell for the first time in almost thirteen years global brands are betting on state stimulus turning things around and even better said to me if the trade war with the u.s. is resolved. germany is expected to slash its growth forecast for this year from one percent to just half as according to sources within the governing coalition the main reason for the week around look is the global economic slowdown. and officials have switched on the baltic season biggest offshore power project german chancellor angela merkel attended the opening she described the hour cone a wind farm as of national significance to germany as a transitions trooper nubile the energy. now the best thing about goin

last ditch talks to rescuejet airways — the board of the troubled indian airline meets today after its lenders reject its latest plans. the boss of volkswagen tells the bbc he's not proud of the car giants association with the chinese government and its detention of thousands of muslim minority people in the west of the country. and on the markets... the focus is all on earnings with companies like goldman sachs disappointing and citigroup dampening trade a little bit as you can see in asia just slightly up. there is no relief for jet airways after it failed to get interim funding from its lenders. the airline's board is meeting right now to decide on the fate of the troubled carrier. the airline has more than $1.2 billion in debt, and its pilots who haven't been paid have been threatening to go on strike. it's also extended cancellation of international operations until thursday. let's get more on this story, monica millerjoins us now from delhi. what are you hearing, it is coming to the wire now? it is and people have more questions than answers stop the board is going to beat in jus

such as scale i'm in france and air canada so losing these routes could affect not just indians going abroad and returning home but also bringing tourism and tourists into the country several competitors could in theory take over some of these routes but it would take time to negotiate with other airlines airports and get permission to for these new airlines to fly into those countries that jet flew to and the f.a.a. is that's where the next that we're hearing that creditors are going to be appointing a new board. exactly there's this new hope isn't gone yet for jet airways they're still trying to see they can consolidate some of the debt bring in a new buyer and hopefully resurrect the airlines in fact on thursday hundreds of employees are going to be protesting here in new delhi hoping to get government attention and maybe even investor intention to invest in jet airways and bring it back into the skies ok if i is to mail with an update from new delhi thank you. some of the opposition parties and former diplomats say they won't take part in the july presidential election they're ang

came close to collapsing but thanks to a government rule change allowing some foreign investment into indian airlines it was saved when the hot air waves bought a twenty four percent stake in the airline but new domestic players especially low cost carriers kept eating into jet airways market share and profits since late last year they have problems paying back loans and paying employees now what this will mean for consumers and aviation expert has told al jazeera that the short term for domestic indian passengers prices will go up but indian flyers are very price conscious so they can only go up to a certain amount before people stop flying and india with the having such a growth in the area of aviation industry it's believed that other competitors will fill the market share now internationally is a bit different jet airways had many agreements and co-chairs with other international players particularly k.l. and their friends and getting competitors to take over those routes will take time as they have to negotiate with the airlines and airports and countries to fly those routes now it's no

the indian airline appears to be on the brink of collapse and its board is holding an emergency meeting after lenders refused to give it more cash. the airline has more than $1.2 billion in debt. lufthansa has announced it made a $380 million loss for the first three months of the year. the german airliner blamed higher fuel costs and rising competition, but it says it thinks it'll go back into profit in the next few months. bad news for the greetings card retailer card factory. annual profts fell 8% to just over £66.5 million. the company is struggling with higher costs and lower demand. the ftse has been holding steady, boosted by news of a healthy jobs market in the uk. jd sports doing well today after news of record results. card factory is doing well despite a drop in profits. investors are encouraged by a surge in its online sales. brent crude is the focus of a lot of attention. there's lots of talk about opec cutting production. that's all the business news. offers of help have been coming in from around the world after the fire at notre dame cathedral. a little earlier my colle

easyjet, a lot to do with jet airways, the indian airline, which it is thought easyjet may take away some of the customer. the compass group is a big fall. it got a bad review in one of the big investment banks. the pound against the euro is pretty much where it was last week. still pretty strong. that is the business news. one of the world's most endangered species of whale is experiencing a mini baby boom in america. three north atlantic right whale calves were spotted off the coast of massachusetts, and seven have also been spotted near florida. scientists did not see any newborns in 2018. it's thought there are only 450 of the species left — they've been endangered since 1970. now, take a look at these pictures. this is the cliff diving world series in the philippines. 24 athletes have been leaping from the tops of cliffs and twisting and turning down to the emerald sea. the stunning scenery surrounding them is palawan island. the divers come from the uk, australia, romania and canada, among other countries. now it's time for a look at the weather with chris fawkes. hello there

the troubled indian airline jet airways has extended the cancellation period of its international flights until thursday — that's after it failed to secure emergency funding from its lenders earlier this week. jet airways was india's second—largest airline by market share — until recently. but dozens of its planes have been seized by creditors, leaving the firm with only seven operational aircraft. thousands of passengers have been stranded due to the firm's lack of funds. so what are their options in terms of refunds from an airline that appears to have no money to speak of? to tell us more, we'rejoined via webcam in perth by aviation expert geoffrey thomas — he's editor in chief of the website airlineratings.com. great to have your back on the programme. will passengers who had flights be able to seek some kind of comp sensation? fix my compensation. it's a very good question. the eu flight it's a very good question. the eu flight delay low is all about a flight flight delay low is all about a flight delay low is all about a flight delay rather than flight cancellations and a

also making news today: the indian airline jet airways has cancelled all international and domestic flights with immediate effect. the company said it was forced to act afterfailing to get emergency funding. it has been struggling with debts of more than a billion dollars. cheering crowds have turned out to greet the new mayor of the turkish city of istanbul. ekrem imamoglu told thousands of supporters that his win marked a new dawn for the city. electoral authorities confirmed his victory over the governing ak party, despite numerous challenges to the result. robert mueller‘s long—awaited report on russian meddling in the us election is set to be released in the coming hours. significant portions of the report are expected to be blacked out. the inquiry has long been a spectre hanging over president donald trump's administration. attorney general william barr is to hold a press conference in the morning before the report is released to be good at table tennis you need lightning fast reactions and pinpoint accuracy. this 15—year—old boy has got both. the australian olympic team post

came close to collapsing but thanks to a government rule change allowing some foreign investment into indian airlines it was saved when the hot air waves bought a twenty four percent stake in the airline but new domestic players especially low cost carriers kept eating into jet airways market share and profits since late last year they have problems paying back loans and paying employees now what this will mean for consumers and aviation expert has told al jazeera that in the short term for domestic indian passengers prices will go up but indian flyers are very price conscious so they can only go up to a certain amount before people stop flying and india with the having such a growth in the aviation industry it's believed that other competitors will fill the market share now internationals of the different jet airways had many agreements and co-chairs with other international players particularly k.l. and their friends and getting competitors to take over those routes will take time as they have to negotiate with the airlines and airports and countries to fly those routes now it's not over f

the huge indian airline has already suspended internationalflights as it struggles to survive and its lenders are right now trying to decide if it has a future. pilots have held off from striking before the outcome is known — they're amongst the staff that haven't been paid for the months. the airline is saddled with more than $1billion in debt and is hoping for a last minute financial lifeline so it can avoid collapse. six months ago, jet airways had more than 120 aircraft and had been servicing hundreds of domestic and international routes. but it's grounded the vast majority of its fleet and cancelled all international flights because of unpaid fees to leasing firms. the airline was founded by businessman naresh goyal. he and his family had a 51% stake in jet airways. but he stood down as chairman last month due to the firm's financial crisis and there are reports he is now considering a rescue bid of his own. 0ur correspondent sameer hasmi is at the airlines headquarters in mumbai. i know there were lots of protesters gathered earlier, staff, pilots who desperately want to know

troubled indian airline jet airways has temporarily suspended all its domestic and international flights after failing to find fresh funding. it has £900m debt and has been in talks with lenders for weeks. jet airways said it had no choice but to suspend the flights, but hopes to start flying again. the euro taking a hit after weaker than expected data from germany and france. the eurozone‘s manufacturing sector remains stuck in a rut as its two largest economies missed expectations and continued to contract in april. shares in unilever are up after positive results this morning. particularly strong sales in emerging markets. we're spending more on home care it says, including a segment called "fabric solutions". ftse 100 ftse100 is up and the dax and the cac are up modestly. it is the thursday before good friday. that might well explain it. thank you. now to a surprising new scheme hoping to help children's reading. dogs are being enrolled — across schools in south wales — to help the children to relax and build their confidence by reading aloud. john maguire reports. if you need

airline's survival. this comes after the carrier on thursday grounded 10 more planes over unpaid fees to leasing firms. monica miller is in delhi. does this spell the end ofjet airways? it doesn't look good. the indian aviation minister called this afternoon for a review ofjet airways to see if it is equipped to keep going in light of hundreds of flight keep going in light of hundreds of flight delays and it is facing more than $1 billion in bank debt. angry customers who were stranded overnight took to social media with angry words about their flights being cancelled, with very little notice, in places like paris, london, amsterdam and singapore. i did just get off the phone with a jet airways spokesperson who said that officials are meeting this afternoon and they expect to have a statement later today. perhaps we will find out where the planes will be redirected all we will get some kind of clarity. as i mentioned, the airline is saddled in debt, it can't pay leases or pilots. they are about to strik

came close to collapsing but thanks to a government rule change allowing some foreign investment into indian airlines it was saved when the hot air waves bought a twenty four percent stake in the airline but new domestic players especially low cost carriers kept eating into jet airways market share and profits since late last year they have problems paying back loans and paying employees now what this will mean for consumers and aviation expert has told al jazeera that in the short term for domestic indian passengers prices will go up but indian flyers are very price conscious so they can only go up to a certain amount before people start flying and india with the having such a growth in the aviation industry it's believed that other competitors will fill the market share now internationally a bit different jet airways had many agreements and co-chairs with other international players particularly k.l. and their friends and getting competitors to take over those routes will take time as they have to negotiate with the airlines and airports and countries to fly those routes now it's not over

came close to collapsing but thanks to a government rule change allowing some foreign investment into indian airlines it was saved when the hot air waves bought a twenty four percent stake in the airline but new domestic players especially low cost carriers kept eating into jet airways market share and profits since late last year they have problems paying back loans and paying employees but what this will mean for consumers and aviation expert is told out busier than the short term for domestic indian passengers prices will go up but indian flyers are very price conscious.

came close to collapsing but thanks to a government rule change allowing some foreign investment into indian airlines it was saved when the hot air waves bought a twenty four percent stake in the airline but new domestic players especially low cost carriers kept eating into jet airways market share and profits since late last year they have problems paying back loans and paying employees now what this will mean for consumers and aviation expert has told al jazeera that in the short term for domestic indian passengers prices will go up but indian flyers are very price conscious so they can only go up to a certain amount before people stop flying and india with the having such a growth in the aviation industry it's believed that other competitors will fill the market share now internationally is a bit different jet airways had many agreements and co-chairs with other international players particularly kale m. air france and getting competitors to take over those routes will take time as they have to negotiate with the airlines and airports and countries to fly those routes now it's not over fo

the airlines collapse deals a blow to prime minister narendra modi's pro-business reputation as indians vote in american seven week long election that began a week ago. a consortium of twenty six lenders led by the state bank of india says they are reasonably hopeful the airline can be rescued they held a bidding process with potential investors for a controlling stake it was shortlisted for contenders including at the heart which already has a twenty four percent stake in the airline they hope to ease the hard landing for jet airways. now to some of the other business stories making news the united states and china are edging closer to a deal over their trade dispute top u.s. representatives robert light highs and steven management are reportedly preparing a visit to beijing for talks next week. amazon is pulling out of the chinese market the online retail giant is posing its into that story in china in july it's a significant setback for the company amazon has struggled to win over customers local rivals alibaba and j.d. dot com. and argentina is freezing prices on some food including

the indian private airline, jet airways, has suspended all its international flights until monday. the sudden cancellation has stranded passengers across indian cities and around the world. the debt—ridden carrier was operating less than 20 planes out of a fleet of 123 on friday.

the airlines collapsed deals a blow to prime minister narendra modi's pro-business reputation as indians vote in the martin seven week long election that began a week ago. the consortium of twenty six lenders led by the state bank of india says they are reasonably hopeful the airline can be rescued they held a bidding process with potential investors for a controlling stake it was shortlisted for contenders including which already has a twenty four percent stake in the airline they hope to ease the hard landing for jet airways now to some of the other business stories making news the united states and china are edging closer to a deal over the trade dispute top u.s. representatives robert light highs and steven nugent are reportedly preparing a visit to beijing for talks next week. amazon is pulling out of the chinese market the online retail giant his closing its internet story in china in july it's a significant setback for the company amazon has struggled to win over customers local rivals alibaba and j.d. dot com. and argentina is freezing prices on some food including rice and milk

it's been a hard landing for jet airways flight crew and other stuff they took to the streets in the indian cities of delhi and mumbai to call for the government to step in to rescue the beleaguered carrier. the airline grounded its entire fleet indefinitely on wednesday after lenders rejected its plea for emergency funds potentially bringing the curtain down on what was once india's largest private carrier. at its peak jet operated over one hundred twenty planes with more than six hundred flights a day recently the airline was forced to cancel hundreds of flights on hold all flights out of india leaving thousands of passengers stranded. the carrier has struggled to pay wages for its roughly sixteen thousand employees. not after one week when it's too late what is the point of the fines when most of the feed is grounded the airlines collapse deals a blow to prime minister narendra modi's pro-business reputation as indians vose an american seven week long election that began a week ago. a consortium of twenty six lenders led by the state bank of india says they are reasonably hopeful the air

came close to collapsing but thanks to a government rule change allowing some foreign investment into indian airlines it was saved when the hot air waves bought a twenty four percent stake in the airline but new domestic players especially low cost carriers kept eating into jet airways market share and profits since late last year they have problems paying back loans and paying employees now what this will mean for consumers and aviation experts told al-jazeera than the short term for domestic indian passengers prices will go up but indian flyers are very price conscious so they can only go up to a certain amount before people start flying and india with the having such a growth in the aviation industry it's believed that other competitors will fill the market share now internationally a bit different jet airways had many agreements and co-chairs with other international players particularly k. alam air france and getting competitors to take over those routes will take time as they have to negotiate with the airlines and airports and countries to fly those routes now it's not over for jet ai

the indian private airline, jet airways, has suspended all its international flights until monday. the sudden cancellation has stranded passengers across indian cities and around the world. the debt—ridden carrier was operating less than 20 planes out of a fleet of 123 on friday. now on bbc news, click. this week, the pope takes on robots. artificial intelligence takes up fishing. and gaming takes on robbie williams. welcome to paris. a mesmerising new digital exhibition by a culture spaces, a french museum foundation that specialises in immersive art displays. this former i9th—century boundary has been transformed to bring to life the paintings of vincent van gogh. it also gives visitors the chance to influence —— appreciate the influence japanese prince had on his work. the immersive audiovisual experience retra ces immersive audiovisual experience retraces the dutch master's life and work. using state—of—the—art visuals and 140 laser video projectors, the artist's works are transformed, becoming stunning moving images that are project it onto ten metre high walls.

that was clive coleman, the indian airline, jet airways, is temporarily ceasing operations, after failing to secure a 46—million pound emergency financial bail out. around 20,000 jobs are affected. negotiations are continuing with the airline's banks, and a further announcement is expected on the 10th of may. dozens of academics at uk universities have told bbc news they've been ‘harrassed' out of theirjobs and signed settlement agreements with non—disclosure clauses — to stop allegations of bullying, discrimination or sexual misconduct becoming public. figures obtained by the bbc show a total of 87—million—pounds has been paid out as part of the deals — victims say they are being silenced. rianna croxford reports. how do you solve a problem you can't see? nondisclosure agreements were designed to protect business secrets, but now, the bbc has found they're being misused by universities, keeping a lid on allegations of bullying, discrimination and sexual misconduct. and this academic has broken her nda. she signed one during ongoing grievances relating to her disabilities, t

the indian airline appears to be on the brink of collapse. its board is meeting right now to see if it can find a way to keep the carrier flying after it was refused more cash by its lenders on monday. the airline has more than $1.2 billion in debt. lufthansa has announced it made a $380 million loss for the first three months of the year. the german carrier blamed higher fuel costs and rising competition for its disappointing numbers. however, it was optmistic it would return to profit in the three months tojune because of strong demand in asia and north america. shares in construction firm galliford try fell 20% at the start of trading after the firm issued a profit warning. the company, whose activities include house—building and roads, says profits will be £30 million to £40 million lower than the expected £156 million. jd sports is on the board there after that great set of figures, its shares are up by nearly 5%. that's all the business news. there has been deep shock at the far at notre dame cathedral last night. it ran for 15 hou

carrier to go bust was kingfisher airlines in twenty twelve jet airways.

troubled indian airline jet airways has temporarily suspended all its domestic and international flights after failing to find fresh funding. it has £900 million debt and has been in talks with lenders for weeks. jet airways said it had no choice but to suspend the flights, but hopes to start flying again. let‘s check in with the markets... the euro taking a hit after weaker than expected data from germany and france. the eurozone‘s manufacturing sector remains stuck in a rut as its two largest economies missed expectations and continued to contract in april. shares in unilever are up after positive results this morning. particularly strong sales in emerging markets. we‘re spending more on home care it says, including a segment called "fabric solutions". that‘s all the business news. i‘m figuring, vanessa... victoria even. you can see my mind is gone. see you later. tributes have been paid to peru‘s former president, alan garcia, who took hi own life when police tried to arrest him over corruption allegations. he had repeatedly denied wrongdoing. 0ur south america correspond

troubled indian airline jet airways has temporarily suspended all its domestic and international flights after failing to find fresh funding. the airline said its last flight would operate on wednesday as it was not able to pay for fuel and other critical services. house prices rose in february at the slowest rate since september 2012, while in london house prices fell. that's according to data published by the office for national statistics. more on this in a moment. helium—filled balloons have been blamed for causing hundreds of train delays for passengers across the uk each year. network rail wants to highlight what it says is a growing problem. the rail infrastructure firm has recorded 619 balloon—related incidents — many dangerous — across england, scotland and wales in the past year. time for markets now. house prices rose in february at the slowest rate since september 2012 while in london house prices fell. so there's been a slowdown in house price growth over the past two years. but in london there's been a fall in house prices — the largest fall since mid—2009. the

jet airways has become one of india's top airlines, controlling about 11% of the indian market. an abupart owned by dhabi airline. it posted lost is -- posted losses in nine of the last 11 years, and recently defaulted on loans. now banks led by the state bank of india have been planning to take a 50% stake by issuing new shares, but the supreme court of india just dealt an unexpected blow, striking down the bank framework that permitted that particular maneuver. if the airline goes out of business, it would likely push in india and could leave prime minister modi with a black mark on his economic record just weeks before the election. you can check out more about jet airways and all of our quick takes on the bloomberg. we are staying with aviation now. guy: let's turn our attention to what is happening with boeing. , the latest -- with boeing, the latest surrounding their 737 max jetline. a report appears to clear the pilots and pointed the finger at boeing. clear that thee aircraft flight control system related to controllability should be reviewed by the manufacturer. guy: it

haslinda: two foot -- to failing airlines in a decade doesn't say much about the indian aviation sector. that?n: can you repeat haslinda: two grounded airlines within a decade, it does not say very much about the indian aviation sector. what is your take on that? let me give you a background of what was going on in the indian aviation sector. an oversupply phase, with demand being stimulated through low pricing. for was a great environment the consumer. we were getting very cheap fares. it was not good for an airline operator. the environment is unsustainable. jet,with the collapse of we are seeing a resurgence in airfares. not back to normal levels, but even a little bit higher. we are seeing airfares rise from 10-30%. this is noticed on the international routes especially. i don't expect a contraction in the market. i believe the market will still grow. the market will not grow at its 18-19% levels. it will fall to single digits. impacts onbe ancillary service providers, which have exposure to jet. they might be looking at restructuring their operations or shutting down. shannon attar

nearly 24 hours ago, executives for the indian carrier posted a statement saying the airline is ju suspending operations because they do not have enough money to pay the bills. jet waairways has some 20,000 workers world wide. >>> and boeing this week is conducting more testing for it's 737 max 8 jets. this is exclusive video over seattle last night. boeing's ceo says they are making steady progress towards faa certification. he says they have been updated and the mcas software many of those planes there, well that's being worked on as well. the faa says it will require pilots to undergo additional training. 737 max jets have been grounded world wide following two deadly crashes. >>> this morning, we are learning new details about the deadly campfire. our investigative unit is finding out state and local prosecutors are seizing parts of several transmission towers for testing. it's a part of the ongoing criminal investigation. they have a 16 pimile stretch oa pnl pj line th pg & e fire. >>> investigators if paris are making headway, determining what caused the fire at notre dame cathedral. cr

that has not happened because of the indian election apparently and it would not be seen as great for a really well—regarded airline to collapse at the start of the election and it is quite possible that they may be bailed out, which is causing great consternation around the other airlines who are flourishing private airlines and saying this is not fair. they may be bailed out in the short term but in the longer—term? bailed out in the short term but in the longer-term? we are losing so money and also you have lost peoples faith, people are not going to be booking onjet airways because they've got no idea of the flight is going to go. if they do get bailed out, what it will take is more than paying off £1 billion worth of debt to get them back on an even keel. thank you very much indeed for that. as concern grows over the impact of our throwaway culture on the environment, authorities are trying to find ways to make waste disposal and recycling more efficient. lessons could be learned from one city in sweden — which sends very little domestic waste to landfill and has come up w

the airline said it had no money left to pay for oil and other critical services. jet airways has been struggling due to high debt. sameer hashmi reports from mumbai. after days of speculation, the inevitable has happened. jet has suspended all its operation starting thursday. the airline was trying to secure emergency funding from lenders, but the banks refused to release those funds. the banks believe the airline can be revived, and infact believe the airline can be revived, and in fact they are in the process of finding and in fact they are in the process offinding a and in fact they are in the process of finding a new investor. according to multimedia reports they have shortlisted four entities, which also includes at he had our ways, which is the minority shareholder in jet —— etihad airways. lenders are hoping to identify an investor by may. there are many questions about whetherjet could airways can be revived. lots of analysts say the liabilities are huge, $1.2 billion of debt. the airline has not paid aircraft leasing companies, so more than 100 of the

will mean for passengers domestically in india as in the short term they will face higher prices but indian consumers are very price conscious there's only so much they're willing to pay before they stop flying aviation analysts though tell al-jazeera that india is a growing airline market and competitors should fill the void left by jet airways but that will take at least a few months now jet airways got to this point simply because it couldn't pay its bills anymore specifically for fuel and for airport charges but even stopped paying employees for months but despite that employee he's of remained loyal to the company many of them going without salary continuing to show up for work and now though they're staging protests trying to government attention investor attention to try to save the airline they remember the days when this was considered india's premier airline internationally their biggest private airline and they say that it can still be saved now also on thursday a consortium of lenders led by the state bank of india that effectively own a chunk of the airline say they believe the

mean the short term for any domestic passengers means they will be facing higher prices in india but indian consumers are very price conscience peter they'll only so much they're willing to pay before they stop flying and india being a growing airline market arab nation analysts believe that the competitors will fill that void in the next several months but internationally it will mean fewer routes that indians can travel going abroad or coming home and could even affect tourism coming into the country now employees though peter haven't actually been paid in months yet despite that they have been sticking with the airlines saying that they liked working for it they remember the good days and they've actually been holding several protests around the country with the latest one happening in a few hours from now in new delhi so the airline itself is beyond saving so one assumes that the carriers will be trying to get those slots because that's what other airlines want they want those takeoff and landing slots yeah. that's true peter but it'll take time to negotiate that jet airways had agreeme

across indian cities and around the world including london, paris and singapore. campaigners have

jet is india's largest private airline and currently has more than $1 billion worth of debt. monica miller has more from delhi. it is saddled in debt as you just said, over $1 billion. itjust can't seem to get a hold of things. last night into friday, they cancelled almost all international flights and gave their customers very little warning. if you go on social media you will find desperate customers looking for answers as to what to expect next, and many of them have had to pay through the nose basically to other airlines to get from a to b at the last minute. so right now it is looking at maybe not even existing throughout the month of april, and it is really facing a very difficult time. even air india has been struggling, they have been trying to sell this airline for however long and they can't give it away, it seems. jet airways broke the monopoly on the aviation industry in the early 1990s, so it had, it was the only private airline that was around for quite some time, and then stiff competition came in, you had spicejet, indigo, just to name a few. then you had high

jet is india's largest private airline and currently has more than $1 billion worth of debt. monica miller has more from delhi. it is saddled in debt, as you just said, over $1 billion. and itjust can't seem to get a hold of things. last night into friday, they cancelled almost all international flights and gave their customers very little warning. if you go on social media you will find desperate customers looking for answers as to what to expect next, and many of them have had to pay through the nose basically to other airlines to get from a to b at the last minute. so right now it is looking at maybe not even existing throughout the month of april, and it is really facing a very difficult time. even air india has been struggling, they have been trying to sell this airline for however long and they can't give it away, it seems. jet airways broke the monopoly on the aviation industry in the early 1990s, so it had, it was the only private airline that was around for quite some time, and then stiff competition came in, you had spicejet, indigo, just to name a few. then you had

what is the credit profile of some of the indian carriers? how do you view that sector in particular? >> i can't go into specifics. thatnk what we can see is some of the airlines, jet had grounded 737 max's even before this crisis. it is not directly impacted. now they're looking to replace the just that have been grounded. that potentially could drive up costs. on the other hand, indigo, they are dependent on airbus. they are likely to benefit because of this. some airlines are likely to do better than others. thank you very much, the director of asian-pacific corporate. if you are a bloomberg subscriber, you could catch up with all of our interviews. join us in the conversation. mr. messages, questions, -- send instant messages and questions to our team. this is bloomberg. ♪ watching bloomberg markets: asia. i am juliette saly singapore. yvonne: i am yvonne man in hong kong. let's look at the business flash headlines. carlos ghosn will lose the last of his titles. they are calling for a vote, shareholders are being -- asking to remove him

since friday jet airways staff have been staging demonstrations they're calling for the indian government to intervene and they want lenders to find a way to rescue the carrier. you see. because it was one of the premier. up facing a lot of difficulties just yet we have families to feel. the feelings of. loss of this station. on that saturday that was on this. jet airways is billions of dollars in debt and it now desperately needs another cash injection thousands of flights have been cancelled with little or no notice for passengers the airline doesn't have enough planes jet airways says it has an overall fleet of one hundred nineteen aircraft but the number of planes has plummeted to just seven the carrier has been unable to pay aircraft leases on time they're well below the indian regulators minimum requirement of twenty aircraft for any carrier operating international flights. airways employees fear any rescue could be too late what we would like to see is the obesity i mean this is to save to save thirty thousand jobs the jets the good to see us as easy as the saudis have been if they

since friday jet airways staff have been staging demonstrations they're calling for the indian government to intervene and they want lenders to find a way to rescue the carrier. you see if. it was one of the premier and me up facing a lot of difficulty because just because we have families to feel. the feelings of . loss of this station they could be. on this. jet airways is billions of dollars in debt and it now desperately needs another cash injection thousands of flights have been cancelled with little or no notice for passengers the airline doesn't have enough planes jet airways says it has an overall fleet of one hundred nineteen aircraft but the number of planes has plummeted to just seven the carrier has been unable to pay aircraft leases on time they're well below the indian regulators minimum requirement of twenty aircraft for any carrier operating international flights now jet airways employees fear any rescue could be too late what we would like to see is the obesity fight it is to see if it is to save fifty thousand plus jobs but yet it's the kill to be honest and sees this as

the indian government is in the carious position. it's election time and it can't afford a sinking business which is impacting thousands ofjobs that lead to negative voter sentiment. for now the airlines has invited investors to bump in money and thrive it but until then, these employees and their families are staring at an uncertain future. now let's brief you on some other business stories. pinterest shares surged nearly 30% on its debut day at the new york stock exchange. —— london. shares opened above the initial price of $19 per share, and closed just above $24 dollars. that values the online scrapbook company at around $16 billion. but that was somewhat overshadowed by another tech listing. the video conferencing startup zoom surged 72% in its market debut after an ipo which raised more than $350 million. zoom was founded in 2011 by former webex head engineer eric yuan. it provides software for video conferencing on different devices. nissan will cut global production by about 15% up to march 2020, as it shifts away from th