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...
Jet engineers move SC against resolution plan
An association of Jet Airways maintenance engineers has filed a petition in the Supreme Court against the airline’s resolution plan, claiming the plan ignores workers’ rights, and the liquidation value of the debt-laden...
Vistara-AI merger: Tatas’ another step to consolidate airline biz
With the merger of Vistara and Air India, Tata group is taking another step to consolidate its sprawling airline business into full service and low-cost operation segments. Currently, Vistara and Air India are the...
NCLT to hear Jet Airways matter on 6 December
The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday adjourned the Jet Airways insolvency matter to 6 December. This came as the parties sought some more time from the tribunal to file their responses...
Colombian airlines Avianca, Viva appeal against merger denial
Colombian airlines Avianca and Viva have appealed to the aviation regulator after it denied their plan to merge, proposing steps to allay its concerns, such as yielding some routes to competitors, the companies said on...
Fairfax stake in Bengaluru Airport not for sale: Prem Watsa
Prem Watsa ruled out sale of stakes in Bangalore International Airport Ltd (BIAL), telling ET he has big plans for it and calling the facility the “best airport in the world.” Its second terminal was...
Tata plans to merge carriers under Air India, nix Vistara brand
Tata Group is considering a plan to integrate its four airline brands under Air India Ltd., people with knowledge of the matter said, as the sprawling company prepares to rebuild its faltering aviation empire. India’s...
Adani eyes stake in Bengaluru airport
Adani Group is evaluating a plan to pick up a stake in Bangalore International Airport Ltd (BIAL), three people aware of the development said. “The Adani Group has been assessing multiple approaches to buy a stake in...
