Business
Big drop in Changan Alsvin car prices – SUCH TV
Changan Pakistan has rolled out a special Independence Day discount on its Alsvin sedan, offering price cuts of up to Rs275,000 valid until August 31, 2025.
With this limited-time promotion, the Alsvin now starts at Rs4,039,000.
The offer covers all variants of the sedan and is available across Changan’s nationwide dealer network, running through the end of August.
The Changan Alsvin is typically offered in three trims:
1.3L Manual Comfort
1.5L DCT Comfort
1.5L DCT Lumiere
All three models include key safety features, with the Lumiere variant offering additional tech and comfort options.
Key Features
Engine Options:
1.3L and 1.5L petrol engines
Transmission:
5-speed manual or 5-speed dual-clutch automatic
Fuel Efficiency:
Estimated 13–15 km/l depending on variant and driving conditions
Interior:
Fabric seats, 7-inch touchscreen display, rear camera, power windows, and steering-mounted controls
Safety:
Dual front airbags, ABS with EBD, rear parking sensors
The company’s decision to launch this offer during August aims to attract customers ahead of Independence Day, a period typically associated with promotional activity in Pakistan’s auto sector.
By lowering the price, Changan is also attempting to maintain demand in a market affected by inflation and rising vehicle financing costs.
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Business
Trump administration in advanced talks for a rescue package for Spirit Airlines, source says
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024.
Mike Blake | Reuters
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter.
Spirit had been facing a potentially imminent liquidation, people familiar with the matter told CNBC last week, speaking on the condition of anonymity to discuss matters that had not yet been made public. The Dania Beach, Florida-based carrier in August filed for its second Chapter 11 bankruptcy in less than a year, after it struggled to increase revenue to cover rising costs.
President Donald Trump hinted at potential government aid on Tuesday, telling CNBC’s “Squawk Box“, “Spirit’s in trouble, and I’d love somebody to buy Spirit. It’s 14,000 jobs, and maybe the federal government should help that one out.”
The White House didn’t immediately comment.
“We are hopeful that the government will recognize the needs for emergency funds especially in the current economic environment,” a spokesperson for the Associated of Flight Attendants-CWA, which represents Spirit’s cabin crews, said in a statement. “The last thing our economy needs is tens of thousands more people out of work and the last thing the travelling public needs is fewer choices in air travel.”
The terms of the financing deal weren’t immediately known. The Wall Street Journal earlier reported that the talks were in an advanced stage.
The U.S. airline industry accepted more than $50 billion in taxpayer aid to weather the Covid-19 pandemic, which is still its biggest-ever crisis, but those funds weren’t handed to one specific airline. Some of the aid gave the U.S. government stock warrants for airlines.
Airlines also received a government bailout following the Sept. 11, 2001, terrorist attacks, but that money was also for more than one company. The U.S. in 2008-2009 also bailed out the auto industry during the financial crisis and took stakes in manufacturers.
The Trump administration has taken equity stakes in some companies it deemed critical to national security like Intel and USA RareEarth, though Spirit stands out as it is in bankruptcy.
In February, Spirit said it expected to exit bankruptcy in late spring or early summer, telling a U.S. court that it would shrink and focus its planes on high-demand routes and travel periods. Pilot and flight attendant unions had also made concessions, including going on furlough in recent months, in a bid to help Spirit survive.
But jet fuel prices have nearly doubled in some parts of the U.S. since then, further adding to challenges for Spirit and the rest of the airline industry.
As a low-fare airline that also faces competition from larger carriers with their own no-frills, basic economy offerings, it has grown harder for Spirit to cover expenses. Spirit had introduced extra-legroom seats and other premium options to try to cater to higher-spending customers.
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