WILMINGTON, MA — Here are the obituaries published on Wilmington Apple during the week of January 27, 2019:Lived In Wilmington At Time Of Passing:Carl Guarino, 71Joseph Ientile, 80Phyllis M. Jensen, 86Kerin Jean Parker, 37Gerald F. Sullivan, 69Previously Lived In Wilmington:Gertrude E. “Pudge” Cushing, 77William R. Iovanna, 73Arnold F. Lanni, 91Eileen C. (Gregoire) Marsan, 77Worked In/Volunteered In/Connected To Wilmington:Marion E. (Kirkland) Hesketh, 95Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email firstname.lastname@example.org.Thank You To Our Sponsor:Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington OBITUARIES (Week of August 11, 2019)In “Obituaries”Wilmington OBITUARIES (Week of August 25, 2019)In “Obituaries”Wilmington OBITUARIES (Week of July 7, 2019)In “Obituaries”
For about a decade now, the news about an initial public offering (IPO) for flag carrier Air India has been playing hide and seek with stock market enthusiasts at one end and the government at another. Economic Survey 2017 makes interesting observations on Air IndiaNow, the latest we hear is that the government is planning to bring banks as strategic investors in Air India and then proceed with a public listing of the national airline, as reported by the Mint, which cited “two persons familiar with the plan.” Air India’s IPO talks synergise with an ill-fated merger with Indian Airlines in 2007. The merger, which was then said to be gaining high market share for the merged entity and making profits, turned into a disaster, primarily due to poor management practises and improper planning. Questions regarding whether Air India would actually survive started doing the rounds after the management decided a fleet expansion amid tough competition from better-run private airlines. And that resulted in soaring losses for the national carrier. In 2012, as part of its financial restructuring plan to turn around the airline, the government decided to infuse approximately Rs 30,000 crore in the ailing airline. The airline has so far received Rs 23,993 crore. Now, the government, while continuing its efforts to recast Rs 28,000 crore of working capital debt that Air India owes a consortium of 19 banks led by State Bank of India, wants the banks to convert this debt into equity. The airline reported a loss of about Rs 3,587 crore in 2015-16, down from a loss of Rs 5,859 crore in the previous year. Currently, it has a debt of about Rs 50,000 crore.While talks of an IPO are underway, privatisation of the airline isn’t on the cards. The IPO is expected to bring in much-needed liquidity infusion and accountability. The proceeds of the IPO would be pumped into activities like expanding the fleet of the airline. In 2012, erstwhile civil aviation minister Ajit Singh had said that no IPO is possible before 2020 as the carrier is expected to return to profits only after 2018. According to the Securities and Exchange Board of India (Sebi) rules, for an IPO, a three-year track record of consistent profit making is required. Under the latest initiative, once banks agree to convert their debt into equity, the government may hire professionals with proven financial and strategic management skills to manage the airline, the sources told the Mint. After that, the government will consider listing Air India.
Max Hospital fires 2 physicians over Raifa’s death. Photo: UNBDoctors of private hospitals and clinics in Chattogram who went on an indefinite strike on Sunday protesting the drive in different private clinics and hospitals by RAB, called off their strike on Monday.Private medical institutions association president Abul Kashem told the media on Monday noon that they withdrew the strike considering sufferings of patients.Earlier on Sunday, Rapid Action Battalion (RAB) launched separate drives following allegations of irregularities in two private hospitals— Max Hospital at Mehedibagh and Metropolitan Hospital at GEC intersection-in the port city.Following the drive, the owners and physicians at different private clinics and hospitals refrained from providing medical services to patients.RAB started the drive as a government investigation committee formed recently over the death of Raifa Khan, 3, daughter of Rubel Khan, staff reporter of vernacular daily the Daily Samakal, due to wrong treatment at Max hospital on 29 June, found various irregularities at the hospital.Two physicians of the hospital were sacked as a probe committee found their negligence in the treatment of Raifa that caused her death.
Map of Papua New Guinea locating the Buimo jail, where at least 17 people were killed after a mass breakout, reports said Monday. AFPSeventeen prisoners have been shot dead after a mass breakout at a jail in Papua New Guinea, police said Monday, with 57 still on the run.Inmates from the Buimo jail in the Pacific nation’s second largest city of Lae made a dash for freedom after breaking out of their compound on Friday, with prison warders opening fire.The Royal Papua New Guinea Constabulary said in a statement 17 were killed, three were caught and 57 were still at large.”These are undesirable people and will be a threat to the community,” Lae police metropolitan commander Chief Superintendent Anthony Wagambie Jr said of the escapees, warning the public to be vigilant.”The majority of those who escaped were arrested for serious crimes and were in custody awaiting trial.”A good number were arrested by police last year for mainly armed robberies, car thefts, break and enter and stealing.”Police shot dead 12 inmates during a jailbreak at the same prison last year. In 2015 more than 50 prisoners escaped from the same facility.Jails in PNG are often overcrowded and conditions are poor.Wagambie said locals in Lae should brace for a spate of crime.”We experienced an upsurge of criminal activities when Buimo jail reported a mass breakout last year,” he said, urging family members and associates of the escapees not to harbour them.”I am warning them that they will be caught. They must do what is good for them and surrender.”Crime and lawlessness is rampant in PNG, a sprawling nation where many still live traditional and subsistence lives in remote areas.