Mumbai International Airport Limited (MIAL), owned by the Adani group, has approached the National Company Law Tribunal (NCLT) in Mumbai seeking clarification on the validity of selling Jet Airways’ three grounded...
Korean Air completes Asiana takeover to form one of Asia’s biggest airlines
Korean Air has completed its protracted purchase of indebted South Korean rival Asiana Airlines, the airline said on Thursday, a major step towards forming one of Asia’s biggest carriers. The 1.8-trillion-won ($1...
Fraport to sell stake in St. Petersburg airport to Middle Eastern investor
German airport operator Fraport on Thursday said it is close to completing the sale of its 25% stake in St. Petersburg airport Pulkovo to Middle East-based investor Orbit Aviation LLC. The proceeds from the deal, which...
Fairfax India to buy 10% more in Bangalore airport
Fairfax India Holdings Corporation Tuesday said it is buying an additional 10% stake in Bangalore International Airport Ltd (BIAL) for $255 million (₹2,160 crore), entrenching its foothold in one of India’s...
Korean Air aims to complete protracted Asiana takeover next week
Korean Air expects to complete its drawn-out purchase of indebted South Korean rival Asiana Airlines next week, as long as U.S. anti-trust regulators do not object to the creation of one of Asia’s biggest carriers...
SpiceJet insolvency claims: Are creditors leveraging IBC forum for settlements?
India’s bankruptcy courts are indignant at being used by creditors as a tool to recover dues from companies that are not really bankrupt, and for wasting their time. On 19 November, judicial member Mahendra Khandelwal...
Air France-KLM in talks to take a 20% stake in Air Europa, El Economista says
Franco-Dutch airline group Air France-KLM is in talks to take a 20% stake in Spanish airline Air Europa, newspaper El Economista said on Wednesday, citing unidentified sources. The price of the stake would be higher...
US no-frills pioneer Spirit Airlines files for bankruptcy protection
Spirit Airlines has filed for bankruptcy protection, the no-frills U.S. travel pioneer said on Monday, after struggling with years of losses, failed merger attempts and heavy debt levels. It is the first major U.S...
Oversees Pakistani group Al Nihang offers to acquire debtridden Pakistan’s national airlines
Al-Nihang, an overseas Pakistgroup has offered to acquire Pakistan International Airlines for the cost of PKR 100 billion amid a set of terms and conditions, Ary News reported. The bid for privatisation by Al-Nihaang...
Jet, set, no: Supreme Court orders liquidation of Jet Airways
Jet Airways won’t be returning to the skies. The Supreme Court has ordered liquidation of the grounded carrier, after a consortium of UK-based Kalrock Capital and the UAE-based entrepreneur, Murari Lal Jalan...
Stonepeak nears $3.1 billion deal for aircraft lessor ATSG
Stonepeak is in advanced talks to acquire Air Transport Services Group, a provider of aircraft leasing and cargo transportation services, for about $3.1 billion including debt, people familiar with the matter said on...
Russia’s Putin authorises sale of Fraport’s 25% stake in St Petersburg airport
Russian President Vladimir Putin has authorised the transfer of German airport operator Fraport’s 25% stake in St Petersburg’s Pulkovo Airport to an unidentified party, a decree published on Friday showed. A...
