In a significant development under the ongoing Jet Airways insolvency proceedings, public sector lender Bank of Baroda has emerged as the highest bidder for the airline’s 83,000 sq ft office space in commercial tower...
Redwing Acquires Assets of Swedish Drone Delivery Startup Aerit, Adding European Entry and ML-Based Flight Routing Capabilities
Redwing, a leading provider of drone-based instant logistics solutions from India, today announced the strategic acquisition of the assets of Aerit, a Swedish drone delivery startup recognized for its advanced...
Italy approves Baykar’s acquisition of Piaggio Aerospace
taly has approved the sale of Piaggio Aerospace to Turkish drone manufacturer Baykar, invoking Golden Power safeguards. The €40 million investment aims to establish Liguria as a European production centre for Baykar’s...
Airline Azul Tumbles Into Bankruptcy After Vowing to Avoid It
Even as the Brazilian airline Azul SA struggled with exchange rate pressures and the lingering effects of the pandemic, top executives insisted they would do whatever they could to avoid filing for bankruptcy. “The ones...
US court approves Brazilian airline Gol’s restructuring plan
Brazilian airline Gol said on Tuesday its restructuring plan under Chapter 11 proceedings was approved by a U.S. court, paving the way for it to exit bankruptcy protection on June 6. The carrier, one of Brazil’s...
Airbus finalizes long-awaited Spirit Aero deal
Europe’s Airbus has finalized an agreement to take some assets from Spirit AeroSystems, both companies said late on Sunday, completing a critical part of a transatlantic carve-up of the struggling supplier with U...
Boeing to sell Jeppesen unit to Thoma Bravo for $10.6 billion
Boeing said on Tuesday it would sell portions of its Digital Aviation Solutions business, including navigation unit Jeppesen, to private equity firm Thoma Bravo for $10.55 billion. The U.S. planemaker will retain the...
CCI approves Akasa Air stake sale, Quality Care-Aster deal
The Competition Commission of India (CCI) on Tuesday cleared four proposals, including the acquisition of certain stakes in Akasa Air’s parent SNV Aviation by Premji Invest, Manipal Group head Ranjan Pai’s...
Mesa Air, Republic Airways in merger deal to create larger regional airline
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...
