Mesa Air Group and Republic Airways agreed to merge in an all-stock deal, the companies said on Monday, in a move that would give them a larger fleet and boost efficiency in regional flying and crew management. The...
Safran to win EU approval for $1.8 billion Collins deal, sources say
French engine and aircraft equipment maker Safran is set to secure conditional EU antitrust approval for its $1.8 billion bid for Collins Aerospace’s flight controls business, people with direct knowledge of the...
IAG will consider selling 20% stake in Air Europa, CEO says
British Airways-owner IAG will consider selling its 20% stake in Air Europa as the Spanish airline’s owner continues talks with Air France-KLM and Lufthansa to sell a stake in the company, IAG’s CEO told...
EaseMyTrip enters aviation market; acquires 49% stake in Big Charter Pvt Ltd
In a move to expand its services, EaseMyTrip, one of India’s leading online travel agencies, announced Monday that it has entered the charter aviation market with the acquisition of a 49% stake in Big Charter Pvt Ltd...
Brazilian airline Gol ties up $1.25 billion financing in Chapter 11 exit bid
Brazilian airline Gol said on Monday it had struck a deal with investors in which they would purchase up to $1.25 billion in debt instruments, a key step toward the carrier’s exit from Chapter 11 bankruptcy...
SpiceJet faces fresh insolvency plea amid mounting legal battles
Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million. The National Company Law Tribunal (NCLT), Delhi bench, heard...
Air France-KLM in ongoing talks with Air Europa on potential stake, CEO says
Air France-KLM is in talks to take a stake in Spanish airline Air Europa and is looking to boost its existing holding in Scandinavian carrier SAS to a majority, CEO Ben Smith told Reuters on Tuesday. “We’ve...
Promoter Ajay Singh sells nearly 1% stake in SpiceJet for Rs 52 crore
Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE...
Premji Invest, Ranjan Pai family office seek CCI nod to acquire stakes in Akasa Air
Tech tycoon Azim Premji’s global investment arm, Manipal Group Chief Ranjan Pai’s family office and 360 ONE Asset have sought approval from fair trade regulator CCI to acquire stakes in domestic carrier...
Spirit Airlines gets court approval for $795 million debt deal
A U.S. bankruptcy judge on Thursday approved Spirit Airlines’ debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company. U.S...
Spirit Airlines rejects acquisition offer from Frontier Group again
Spirit Airlines on Tuesday rejected Frontier Group’s acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ongoing...
Go First acquisition: NCLAT asks Busy Bee Airways to negotiate deal with lenders
The National Company Law Appellate Tribunal (NCLAT) has asked Busy Bee Airways, a bidder for bankrupt airline Go First, to approach the airline’s lenders and negotiate a deal to acquire the airline as a going concern...
