The National Company Law Tribunal (NCLT) suggested that SpiceJet settle the issues with lessors that have sought initiation of insolvency proceedings against it. The tribunal’s suggestion came against the backdrop...
CCI clears Air India-Vistara merger subject to certain conditions
Competition Commission approved the proposed merger of Air India and Vistara subject to certain conditions. The development is a major step forward for Tata Group in consolidating its aviation business. In a post on...
NCLAT gives Jalan-Kalrock consortium time till 30 Sep to clear ₹350 crore dues to Jet Airways lenders
The National Company Appellate Tribunal (NCLAT) gave Jalan-Kalrock consortium, the successful bidder for Jet Airways, time till 30 September to clear dues worth ₹350 crore to lenders of the grounded airline. The...
Jet Airways insolvency case: NCLAT reserves order on Jalan-Kalrock Consortium’s plea
The National Company Law Appellate Tribunal (NCLAT) reserved its order on Jalan-Kalrock Consortium’s plea seeking more time to make payments to the lenders of the bankrupt Jet Airways. The consortium had emerged...
SpiceJet insolvency plea maintainable, WLFC tells NCLT
Engine Lessor Willis Lease Finance Corporation (WLFC) Tuesday argued that the insolvency petition filed by the company against airline Spicejet before the National Company Law Tribunal was maintainable, and the demand...
NCLAT to hear lenders’ plea against Jet Airways’ winning bidder Jalan Kalrock consortium today
The National Company Appellate Tribunal (NCLAT) will hear the plea filed by Jet Airways’ lenders, led by SBI, against the winning bidder Jalan Kalrock consortium to recover pending dues. Last month, the lenders...
Carlyle to acquire 5.9% stake in SpiceJet
Low-fare airline SpiceJet has sought shareholders’ nod to sell 5.91% stake to aircraft lessor Carlyle Aviation at ₹48 per share. Shares of SpiceJet jumped on the news, rising 7.2% on the BSE to close at ₹31.42, on a day...
AirAsia seeks early merger with AI Express
AirAsia India has sought approvals from Directorate General of Civil Aviation (DGCA) to expedite its integration with Air India Express, including a rebranding from AirAsia India to AI Express, three people familiar...
NCLT to hear lessors’ pleas for SpiceJet insolvency in August
The National Company Law Tribunal (NCLT) has postponed the hearing of insolvency pleas against budget carrier SpiceJet, granting the airline 10 days to file a rejoinder. The pleas were filed by aircraft lessors...
Resolution professional invites bids for Go First
As Go First draws up plans to resume flight operations, preparations are also underway to find a suitable new owner for the low-cost carrier. The airline’s resolution professional Shailendra Ajmera on Monday...
NCLT to hear plea by Go First lessors on August 4
The National Company Law Tribunal (NCLT) heard pleas by engine and aircraft lessors of Go First, who are seeking an interim relief from court to inspect planes and engines and deferred the matter till August 4. During...
Temasek sells 1.85% stake in Singapore Airlines, remains top investor
Singapore’s state investor Temasek is selling around S$400 million ($295.92 million) worth of shares, or a 1.85% stake, in the country’s national carrier Singapore Airlines (SIA), according to a term sheet...
