Almas Global Opportunity Fund SPC (AGOF), part of the consortium that won the bid for Pawan Hans, on Tuesday said it has initiated the process to appeal against an NCLT order with respect to the fund acquiring bankrupt...
Aviation
JetBlue goes hostile to buy Spirit Airlines after rejection
JetBlue Airways Corp is not taking no for an answer in its quest to buy rival Spirit Airlines. On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the...
Aircraft lessor SMBC Aviation nears $7 billion deal for rival Goshawk, sources say
SMBC Aviation Capital, one of the world’s biggest aircraft lessors, is nearing a deal to acquire smaller rival Goshawk for about $7 billion, including debt, people familiar with the matter said on Friday. The deal...
Italy sets course for ITA Airways sale by end of next month
Italy’s government aims to sell state-owned ITA Airways, the successor to Alitalia, by the end of June after setting a deadline for binding offers of May 23, Economy Minister Daniele Franco said on Tuesday. Three...
Qantas to buy rest of Alliance Aviation for $443 mln to tap mining sector demand
Australia’s Qantas Airways said it would buy the remaining 80% stake in Alliance Aviation Services for A$610.8 million ($443.14 million) in an all-stock deal to expand its footprint in the charter business. The...
Spirit board rejects JetBlue takeover offer on antitrust risks
Ultra low cost carrier Spirit Airlines rejected JetBlue Airways Corp’s $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators. Frontier (ULCC.O) and JetBlue...
Star9 Mobility Private Ltd to buy Govt’s 51% stake in Pawan Hans
The government has approved selling its 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL) along with transfer of management control for Rs 211.14 crore to Star9 Mobility Private Ltd, the Finance...
Tata Group approaches CCI for merger between Air India and AirAsia India
Tata Sons-owned Air India has approached the anti-trust regulator Competition Commission of India (CCI) for a merger of its low-cost subsidiary Air Asia India. “The proposed combination relates to the acquisition of the...
JetBlue, Frontier each make case for Spirit takeover
JetBlue Airways Corp on Wednesday mounted a vigorous defense of its unsolicited $3.6 billion bid to acquire ultra-low-cost carrier Spirit Airlines, saying the company is “highly confident” of securing...
Delta, Air France-KLM eye majority stake in ITA Airways – paper
Delta Airlines and Air France-KLM have teamed up with an unidentified fund to express an interest in a majority stake in ITA Airways, daily La Repubblica said on Thursday, setting the stage for a potential bid battle...
Lockheed scraps $4.4 bln deal to buy Aerojet amid regulatory roadblocks
U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade...
Frontier to buy Spirit Airlines in $2.9 bln budget carrier deal
Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to create the fifth-largest U.S. airline in a $2.9 billion tie-up likely to tighten competition against traditional carriers. The...