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 … [Read more...] about Lessors rush to repossess more Jet Airways planes, even as emergency funds awaited
Invest emergency fund
Holly Johnson, provided by Published 11:09 am CDT, Friday, March 29, 2019 Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. gruizza/Getty Images If you're going to set aside an emergency fund, you might as well keep it somewhere it will grow. There are a few options that keep your money close and constantly growing. A high-yield savings account or a money-market account can help you secure a generous return while keeping your cash within an arm's reach. A certificate of deposit or Roth IRA, on the other hand, can help you earn more on your cash, albeit with less liquidity. If you lose your job, face a loss in income, or wind up with a huge bill you didn't expect, having an emergency fund can help you. In the leanest financial times, having some money set aside could even … [Read more...] about Saving an emergency fund is a good start, but where you put those savings can matter even more
Establishing and maintaining a cash emergency fund, with an amount equal to six months up to a year’s worth your annual living expenses, is a foundational principle of financial wellness. Author, speaker, and financial coach Tarra “Madam Money” Jackson answers the question of where to get the money to finance your emergency fund The new personal finance podcast, Your Money, Your Life is sponsored by Prudential and hosted by Black Enterprise’s own Alfred Edmond Jr. This special series features a lineup of great guests, including The Breakfast Club’s Angela Yee; DeForest B. Soaries Jr., founder of the dfree Financial Freedom Movement; Tiffany “The Budgetnista” Aliche; and Jacquette M. Timmons, president & CEO of Sterling Investment Management. The show will cover money topics ranging from how to control your debt to our psychological relationship with our finance. A can’t miss! BLACK ENTERPRISE EditorsBlack Enterprise is … [Read more...] about YOUR MONEY, YOUR LIFE: EPISODE 6 – “Ways To Finance Your Emergency Fund”
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Michelle Singletary Washington Post January 27, 2019 If you’re able to save money in an emergency fund, you may be frustrated at the low return on your investment. But don’t be. This rainy-day money is meant to be safe, accessible, and ready for a storm.During a recent online discussion, certified financial planner Carolyn McClanahan joined me to answer questions from readers on where to park your emergency fund and whether you should pull out retirement money to pay off consumer debt. Here’s her advice. Q: Where should I keep emergency money? My grandmother kept her money in odd places like curtain rods. Advertisement McClanahan: Keep the money in a money market account so you earn some interest. Money markets typically provide the highest interest with the most liquidity. I would use these over plain savings accounts (lower interest) or … [Read more...] about Thank goodness for that emergency fund. But where should you keep the money until you need it?
BERLIN (Reuters) - The German government will fund a research facility to offer firms in Germany know-how to develop battery cells for electric vehicles (EVs), the science minister said on Wednesday, seeking to compete with Asian producers which dominate the industry. Anja Karliczek said her ministry would invest 500 million euros ($568 million) to support research into both existing and next-generation EV battery cell technology. "The German car industry shouldn't depend on Asian suppliers," Karliczek told a business conference in Berlin. "This is not only a question of independence, but also a question of keeping the German economy competitive." The new facility aims to transfer known-how from Germany's Fraunhofer science institute to private firms, helping reduce the risk for companies ready to start EV battery production. She did not give a timeline for investing the funds or say if some cash would be offered directly to German firms, support allowed in certain conditions under … [Read more...] about Germany to fund research facility for EV battery technology