Chile-based low-cost carrier JetSMART said it was no longer interested in buying Colombia’s Ultra Air, but it would still pursue a license to set up its own domestic airline based in Colombia. JetSMART, backed by...
GMR Airports Infra announces merger with GMR Airports
GMR Airports Infrastructure Ltd (GIL) has announced the merger of GMR Airports Limited with GIL. The merger, which is subject to regulatory approvals and expected to be completed within the next financial year, would...
Canada approves WestJet’s purchase of smaller rival Sunwing Airlines -statement
Canada’s government said on Friday it approved airline WestJet Group’s acquisition of smaller rival Sunwing Airlines and Sunwing Vacations, subject to strict terms and conditions. Those terms include...
SpiceJet likely to sell 5% stake to aircraft lessor
Low-cost carrier SpiceJet Ltd might swap 5% of its equity for dues owed to its largest aircraft lessor, US-based Carlyle Aviation Partners, two people informed of the development said. “The proposed deal is expected to...
Tata Group’s Air India to acquire 250 aircraft from Airbus
Tata Sons announced that it has signed a letter of intent to acquire 250 aircraft from European manufacturer Airbus. Air India will buy 40 wide-body A350 planes and 210 narrow-body aircraft. Later on the same day it was...
Colombian airline Viva Air weighs local restructuring process
Low-cost Colombian airline Viva Air has voluntarily started a local debt restructuring process, the company said late on Friday, as it awaits authorization of its merger with Avianca airlines. Viva Air said in a...
Biden administration moving toward blocking JetBlue – Spirit merger, Politico reports
The U.S. Department of Justice is likely to sue to block a pending $3.8 billion merger between JetBlue Airways Corp and Spirit Airlines Inc, Politico reported, citing five people with knowledge of the matter. The DoJ...
JetSMART Airlines hopes to begin talks to buy Colombia’s Viva Air
Indigo Partners-backed budget carrier JetSMART Airlines said on Tuesday that it wanted to buy Colombian low-cost carrier Viva Air, in a move that if successful would scupper Viva’s plans to merge with Colombian...
Lufthansa bids for ITA stake to revive Italy’s loss-making airline
German carrier Lufthansa said it had offered to buy an minority stake in ITA Airways, betting on reviving the loss-making successor to Italy’s Alitalia and expanding its footprint in Europe. Lufthansa said Italy...
StanChart eyes sale of $3.7 billion aircraft leasing unit
Standard Chartered is considering a sale, among several options, of its aviation unit, which according to an industry publication owns a fleet worth around $3.7 billion. The UK-headquartered bank said on Wednesday the...
Merger approval process kicks off for Air India and Vistara
Air India and Vistara will need approvals from a number of countries in order to complete the merger conditions, according to people familiar with the matter. Legal teams from both airlines are currently assessing which...
Aircraft lessor SMBC completes $6.7 bln purchase of rival Goshawk
SMBC Aviation Capital has completed its purchase of smaller rival Goshawk Aviation in a deal that creates the world’s second largest aircraft lessor by number of aircraft, SMBC said on Wednesday. The purchase of...
