The Hindu Editorial (Beyond Mayday) – Jun 20, 2019

Jet Airways may have finally run out of runway. Two months after Jet halted all flight operations,… For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Beyond Mayday) – Jun 20, 2019.

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Today’s word list-1 for The Hindu Editorial (Beyond Mayday) – Jun 20, 2019:

bankruptcy (noun) – legal state of insolvency. An individual or organisation is declared bankrupt if a court judges that the party involved can no longer meet debt payments to creditors. it is defined as the outcome of a legal procedure.
takeaway (noun) – a key point/idea/fact.
beleaguered (adjective) – hard-pressed, troubled, in difficulties.
insolvency (noun) – a condition in which the financial difficulties of an individual or organisation are such it is unable to pay its debts.
bid (noun) – attempt, effort, endeavour/try.
owe (verb) – be in debt, be in arrears.
consortium (noun) – union, league, syndicate/corporation. Consortia is a plural form of consortium.
rope in (phrasal verb) – enlist, engage, persuade.
white knight (noun) – a company or an individual that acquires a target company (in financial difficulties) that is close to being taken over by a hostile takeover bid (black knight). The white knights make a friendly acquisition by generally preserving the current management team, offering better acquisition terms, and maintaining the core business operations.
turn around (phrasal verb) – change course, reverse direction.
conceive (verb) – think up, devise, originate.
revive (verb) – reintroduce, relaunch, bring back.
remote (adjective) – unlikely, doubtful, improbable/implausible.
shoulder (verb) – undertake, accept, take on.
drastically (adverb) – extremely; seriously, desperately, substantially.
goodwill (noun) – compassion, sympathy, mutual support.
fleet (noun) – a group of vehicles (buses/aircrafts/ships) work together under an organisation.
crew (noun) – a group of people working on an aircraft, ship, etc.
ironically (adverb) – paradoxically, unexpectedly, strangely.
line of credit (noun) – another term for credit line; a source of funds that can readily be tapped/borrowed at the borrower’s discretion (choice).
run-up (noun) – a period of time just before an important event.
protracted (adjective) – very long, lengthy, prolonged.
far back (adjective) – into the remote past.
clutch (noun) – group, collection, set.
legacy airlines/carriers (noun) – legacy airlines usually provide higher quality services than a low-cost carriers (airlines). they are distinguishable from their low-cost rivals in terms of the fares they charge and the service they offer.
trigger (verb) – give rise to, bring about, evoke/prompt.
surge (noun) – sudden increase, rise, growth.
contemporary (adjective) – modern, present-day, current, present-time.
metrics (noun) – a set of statistics that measure results.
cash-starved (adjective) – used to mention a company that does not have enough money, because a government/organisation has not given enough money to it.
implosion (noun) – blockage, stoppage, (a sudden) failure/collapse.
stall (noun) – stop, end, termination.
crash (noun) – failure, collapse, ruin.
viability (noun) – ability to survive/function successfully.
levy (verb) – impose, charge, demand.
reappraise (verb) – rethink, review, revise.
quest (noun) – search, hunt, pursuit.
race to the bottom (phrase) – a competitive state where a company, state or nations attempts to undercut the competition’s prices by sacrificing quality standards or worker safety, defying regulations, or paying low wages.
akin (adjective) – similar, related, parallel.