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...
JetSMART airline no longer interested in buying Colombia’s Ultra Air
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...
