Qantas Airways will drop its A$611 million ($387 million) plan to buy out charter flight operator Alliance Aviation Services, the companies said on Thursday, months after Australia’s competition regulator blocked...
Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources
South Korea’s biggest carrier, Korean Air Lines, will offer to sell Asiana Airlines’ air cargo business and divest routes to four EU cities in a bid to gain EU antitrust approval for acquiring its rival, two...
WLFC asks NCLT to issue notice in Spicejet insolvency case
Willis Lease Finance Corporation requested the National Company Law Tribunal, Delhi, to issue a notice in the insolvency case filed against Spicejet on Monday. The senior counsel for WLFC argued that the company was...
Air France-KLM remains interested in TAP takeover after SAS investment
Air France-KLM maintains a strong interest in Portugal’s national carrier TAP and the purchase of a stake in Scandinavia’s SAS does not affect its ability to take part in TAP’s privatisation, a...
Air India, Vistara merger: Creditors to vote on merger proposal on Sept 23
Tata-owned Air India and Vistara have asked for permission from their creditors to merge the two airlines. On Thursday, The Economic Times (ET) reported that creditors will vote on the proposal on September 23. Sources...
JetBlue agrees to sell Spirit assets in Boston, Newark to Allegiant
JetBlue Airways Corp said it had agreed to sell all of Spirit Airlines assets at Boston and Newark Liberty airports to Allegiant, as it works to win approval for its tie-up with Spirit. JetBlue said it had agreed to...
GE to sell stake in aircraft leasing provider AerCap
AerCap Holdings NV said a unit of General Electric Co will sell 32.4 million shares in the aircraft leasing giant through an underwritten public offering. The transaction will be worth $2 billion based on AerCap’s...
Italy’s Meloni wants Lufthansa-ITA deal cleared for takeoff
Italian Prime Minister Giorgia Meloni questioned why European authorities had not cleared a deal for Germany’s Lufthansa to invest in ITA Airways, the successor to Alitalia. “Something curious is going on...
NCLT suggests SpiceJet settle issues with aircraft lessors
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...
