Bankrupt satellite launch company Virgin Orbit said it entered into a “stalking horse” agreement with Stratolaunch to sell mainly its aircraft assets, including the “Cosmic Girl” carrier...
Colombia’s Avianca backs down from Viva Air merger
Colombia’s flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country’s aviation regulator, the company announced Saturday. In a statement, Avianca said...
NCLT admits Go First bankruptcy petition
A Delhi bankruptcy court admitted Go First’s request for insolvency, marking the beginning of a search for a buyer for the budget airline. The National Company Law Tribunal’s (NCLT’s) acceptance of Go First’s insolvency...
NCLT reserves order on Go Air
A National Company Law Tribunal principal bench has reserved its decision on a petition filed by Go First to initiate voluntary insolvency proceedings and an interim moratorium to prevent seizure of 26 aircraft with...
Go First makes exit, blames Pratt & Whitney for insolvency
The “ever-increasing” number of failing engines supplied by Pratt & Whitney has forced Go First to file for an insolvency resolution process before the Delhi bench of the National Company Law Tribunal...
Italy, Lufthansa extend exclusive talks on ITA Airways sale
Italy’s Treasury and Germany’s Lufthansa have agreed to extend exclusive talks over the sale of ITA Airways until May 12 from the previous deadline of April 24, a source close to the matter told Reuters on...
Adani’s acquisition of Air Works delayed
Adani Group’s proposed acquisition of maintenance, repair and overhaul (MRO) company Air Works has got delayed after a major shareholder in the target entity was forced into liquidation. Sources told ET that a...
Tatas approach CCI to merge Air India and Vistara
Tata Sons owned Air India has approached anti-trust regulator Competition Commission of India for a merger of full service airline Vistara. While Tata Sons holds 51% in Vistara, the remaining 49% is owned by Singapore...
Air India in talks with Lufthansa and Air France-KLM to bid for AIESL
Tata-owned Air India is looking to partner with German aircraft maintenance giant Lufthansa Technik and French-Dutch airline Air France-KLM’s engineering unit to bid for AI Engineering Services Limited (AIESL), when it...
Lufthansa to sell rest of LSG Group to private equity firm Aurelius
Deutsche Lufthansa said that it would sell the remaining part of airline caterer LSG Group to private equity firm Aurelius, three years after it first put the business up for sale. The German flagship carrier hopes the...
Branson’s Virgin Orbit files for bankruptcy after launch failure squeezed finances
Virgin Orbit Holdings Inc, founded by billionaire Richard Branson, filed for Chapter 11 bankruptcy protection on Tuesday after the satellite launching business struggled to secure long-term funding following a failed...
SpiceJet open to sell more stakes in airline biz
Low-fare airline SpiceJet is open to selling more shares to reduce its liabilities, chairman and managing director Ajay Singh said. “We are flexible. We will talk to our partners and see what it is they prefer to do...
