bankrupt

The week brought bad news for the King of Good Times, Vijay Mallya, as the Insolvency and Companies Court of the London High Court declared the former liquor baron of India, fugitive from Indian law, bankrupt.

Due to the spate of air crashes, insurance premiums have increased, putting beleaguered airlines in a bind. But insurers should support them and not tighten rules when contracts come up for renewal.