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Lessors rush to repossess more Jet Airways planes, even as emergency funds awaited

FILE PHOTO: Jet Airways aircrafts are seen parked at the Indira Gandhi International Airport in New Delhi
FILE PHOTO: Jet Airways aircrafts are seen parked at the Indira Gandhi International Airport in New Delhi, India, April 13, 2019. REUTERS/Anushree Fadnavis

April 17, 2019

MUMBAI (Reuters) – Lessors to India’s Jet Airways Ltd have applied to deregister another four Boeing Co 737 planes, the Indian aviation regulator said on its website on Wednesday, even as the embattled carrier seeks emergency funding from its lenders.

Latest analysis of data disclosed by the Directorate General of Civil Aviation shows that Jet’s lessors have, so far, sought to deregister and repossess at least four dozen of the planes operated by Jet. Once deregistered, lessors are free to reclaim a plane and lease it to another airline anywhere in the world.

The moves come even as Jet scrambles to secure emergency funds and its lenders try to hurry through a sale process to identify an investor willing to acquire a majority stake in the airline and attempt to turn it around.

Lenders are likely to invite binding bids from four shortlisted suitors, private equity firms TPG Capital and Indigo Partners, Indian sovereign wealth fund National Investment and Infrastructure Fund, and the UAE’s Etihad Airways that already owns a minority stake in Jet, local media reported.

TPG declined to comment, while the other three did not immediately respond to a request for comment from Reuters.

Jet will be forced to shut down as soon as Wednesday if it does not get emergency funding from its lenders, two sources familiar with the matter told Reuters on Tuesday.

Jet CEO Vinay Dube said on Tuesday in a letter to employees, seen by Reuters, that the carrier had stressed to its lenders the need for some urgent funding, critical to the continuation of its operations.

At its peak, Jet had over 120 planes and hundreds of daily flights. The airline, once India’s leading private carrier, has been forced in recent months to cancel hundreds of flights to dozens of domestic and overseas destinations.

On its website, Jet Airways disclosed it was operating only about three dozen flights on Wednesday.

Shares in the company, which have tumbled about 60 percent in the last year, closed on Tuesday at 240.50 rupees a share.

The company still has a market capitalization of $393.8 million, as investors cling to hopes of a rescue. Indian markets were closed due to a public holiday on Wednesday.

(Reporting by Tanvi Mehta and Euan Rocha in Mumbai; Editing by Himani Sarkar)

Source: OANN

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Mom Ensnared in College Admissions Scam Hosted Gillibrand Fundraiser

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Source: InfoWars

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DOJ, FBI to Review ‘Outrageous’ Jussie Smollett Case, Trump Says

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Dem Bill Would Instruct IRS to Create Free Online Tax-Filing Service

Democrats in the House and Senate have reintroduced legislation to direct the Internal Revenue Services to create a free tax-filing service available to the public online, The Hill reports.

Sen. Elizabeth Warren, D-Mass., a candidate for president in 2020, is a lead sponsor of the Senate bill, the Tax Filing Simplification Act.

"Taxpayers waste too many hours and hundreds of dollars on tax preparation each year, which disproportionately burdens low-income and minority taxpayers," she said in a statement. "This bill will require the IRS to offer easy, free, online tax-filing for all taxpayers. This is a simple idea with a long history of support from both Republicans and Democrats, and it's time to make it a reality."

Her fellow presidential candidates Sens. Bernie Sanders, I-Vt., and Cory Booker, D-N.J., joined her and other senators in offering the bill. Reps. Brad Sherman, D-Calif., Tim Ryan, D-Ohio, Alexandria Ocasio-Cortez, D-N.Y., Katie Hill, D-Calif., joined to reintroduce the House bill.

"Millions of Americans each year who are eligible for cash refunds like the Earned Income Tax Credit don't claim them -- either because tax filing is too complicated, or they don't know they're eligible," said Adam Ruben, the director of Economic Security Project Action. "This creates a system where only the wealthiest Americans can afford to take advantage of the tax breaks and deductions available to them. Senator Warren's Tax Filing Simplification Act is a commonsense improvement that would make tax filing easier and more fair, and mean millions more hardworking Americans will get the refunds like the EITC they're entitled to."

Source: NewsMax Politics

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Italy’s League not considering joining same euro parliament group with 5 Star: Salvini

FILE PHOTO: Italian Deputy Prime Minister and right-wing League party leader Matteo Salvini attends a news conference at the Foreign Press Club in Rome
FILE PHOTO: Italian Deputy Prime Minister and right-wing League party leader Matteo Salvini attends a news conference at the Foreign Press Club in Rome, Italy December 10, 2018. REUTERS/Tony Gentile/File Photo

February 20, 2019

ROME (Reuters) – Italy’s right-wing ruling coalition League party is not considering forming a group with its government ally, the anti-establishment 5 Star Movement, at the European parliament after the May election, its leader said on Wednesday.

“I’m not thinking about a single group,” Matteo Salvini told in a interview with Radio RTL 102.5.

(Reporting by Giselda Vagnoni)

Source: OANN

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Peter Schiff: US Debt the Real National Emergency

On Friday. Pres. Trump declared a national emergency.

Based on that declaration, the president will reallocate $6.5 billion from other government programs to fund a border wall.

In his podcast on Friday, Peter Schiff said there is indeed a national emergency, but it has nothing to do with the border.

“Of course, the real national emergency is not the lack of a wall, the failure to build a wall, but building up the national debt.”

Just last week, the US Treasury said the national debt has eclipsed the $22 trillion mark. When President Trump took office in January 2017, the debt was at $19.95 trillion. That’s a $2.06 trillion increase in the debt in just over two years.

And as Peter pointed out, this is just the tip of a huge iceberg.

“This is just a funded portion of the debt. This is where the US government sells a bond and somebody owns that bond. It doesn’t include liabilities like what the government owes for Social Security, or guaranteed bank deposits, or mortgages, or student loans, or all that nonsense. That’s not there. Those are contingent liabilities. They’re just as real. They’re not even part of the national debt.”

Peter said it’s too bad Trump doesn’t want to do anything about that crisis.

“We are headed for a train wreck in this country because of the national debt. What Trump has been building while he hasn’t been building a wall is he’s been building up the size of government, and he’s been building up the deficits that have been necessary to finance that government buildup.”

(Photo by flickr, cooperweb)

And yet nobody seems concerned. The president didn’t even mention the debt in the State of the Union address.  According to a tweet by ABC White House correspondent Tara Palmeri, when asked if Trump was going to talk about the deficit, the president’s chief of staff, Mick Mulvaney, said: “nobody cares.”

A lot of people claim that we really don’t need to worry about the debt because, after all, it’s been growing for years and nothing has happened. Peter has a different take.

“Just because we haven’t suffered a crisis – yet- based on this debt doesn’t mean that one isn’t coming. In fact, there’s no way around it. It’s just a question of when. It’s not a question of if, it’s a question of when, and I think when is a lot closer than a lot of people think.”

In this podcast, Peter also covered some more negative economic news, Fed news, including the fact that the Fed is now talking about using quantitative easing “more readily” and the fact that the mainstream doesn’t know what’s going on. It’s like a deer in the headlights.

“You know what happens eventually to the deer in the headlight. He gets hit by the car and he dies.”

Alex Jones presents video footage from Fox’s Tucker Carlson program where he and Alan Dershowitz discuss the democrats’ unconstitutional 25th Amendment coup plan to oust President Trump from office.

Source: InfoWars

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Catalonia protesters burn tires, block highways over separatist trial

Police officers stand next to burning barricades settled to block the AP7 highway during a regional strike near Girona
Police officers stand next to burning barricades settled to block the AP7 highway during a regional strike near Girona, Spain, February 21, 2019. REUTERS/Pilar Suarez

February 21, 2019

GIRONA, Spain (Reuters) – Catalan activist groups burned tires and tried to block highways across northeast Spain on Thursday as part of a day of protests against the trial of 12 separatist political leaders for their part in a declaration of independence in 2017.

Eleven highways in Catalonia were affected by the protests, police reported, adding that they were working to keep traffic flowing. Police said there had been some scuffles with protesters but no major incidents were reported.

Members of local groups, working under the name Committees for the Defense of the Republic (CDRs), have staged similar protests across the region ever since the arrests following the illegal declaration of secession in the Catalan parliament.

The 12 Catalan separatist leaders went on trial in Madrid last week over the failed independence bid that triggered Spain’s biggest political crisis in decades.

On Thursday, pro-independence Catalans plan to strike as part of protests which will include marches held by supporters of civil groups Omnium and the Catalan National Assembly (ANC) at midday and a bigger march in the evening.

The extent of the strike was not immediately clear while police said major roads had been reopened after initial obstructions to traffic had been removed.

Former ANC leader Jordi Sanchez and the ex-head of Omnium Jordi Cuixart are in the dock on Thursday as part of the trial which is expected to last for at least three months.

Defendants face charges of rebellion, sedition and misuse of public funds, which they all deny.

(Reporting by Pilar Suárez and Jordi Rubio; Writing by Paul Day; Editing by Angus MacSwan)

Source: OANN

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

CLICK HERE TO GET THE FOX NEWS APP

It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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The Dalai Lama has returned to his headquarters in the north Indian hill town of Dharmsala after a brief stay in a hospital in the capital for treatment of a chest infection.

Hundreds of exiled Tibetans lined the streets of Dharmsala carrying ceremonial scarves and incense sticks to welcome the Dalai Lama on Friday.

The 83-year-old Tibetan spiritual leader told reporters that he had fully recovered, but that the illness had been “a little bit serious.” He did not give any details.

The Dalai Lama usually spends several months a year traveling the world to teach Buddhism and highlight Tibetans’ struggle for greater freedom in China. But he has cut down on his travels in the past year to take care of his health.

Source: Fox News World

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