Tata Sons Ltd, the holding company of the Tata group, plans to raise as much as $4 billion to infuse fresh capital into Air India and refinance costly debt, two people directly aware of the matter said. Tata plans to...
GMR Group to divest stake in Philippines’ Cebu airport; to receive Rs 1,330 cr upfront payment
GMR Group on Friday said it will divest its entire 40 per cent stake in Cebu international airport in Philippines for an upfront payment of Rs 1,330 crore as well as earnouts to be received over a period of more than...
SpiceJet exploring stake sale to raise Rs 2,000 cr, says CMD Ajay Singh
SpiceJet is exploring multiple options, including a stake sale to other airlines, to raise up to Rs 2,000 crore so that it remains a “strong and vibrant” carrier, its chairman and managing director, Ajay Singh, said on...
Singapore court dismisses Bharat Forge’s petition against Bombardier
A Singapore court has dismissed Bharat Forge’s case against Bombardier, two years after the Indian auto component giant dragged the Canadian plane maker to court over alleged faulty parts in an aircraft. Bharat...
SpiceJet’s Ajay Singh in talks with Middle Eastern carrier, Indian co for partial stake sale
SpiceJet promoter Ajay Singh is exploring a partial stake sale in the cash-strapped carrier and is in talks with a Middle Eastern carrier and a big Indian conglomerate as the company needs recapitalisation urgently to...
JetBlue wins Spirit takeover battle with $3.8 billion deal
JetBlue Airways Corp prevailed in a months’ long bidding war for Spirit Airlines Inc after the ultra-low-cost carrier accepted its $3.8 billion buyout deal. The New York-based airline clinched the deal a day after...
JetBlue, Spirit near takeover deal that could come on Thursday – source
JetBlue Airways Corp is nearing a deal to buy Spirit Airlines that could be announced as soon as Thursday, a source familiar with the matter said, after Spirit cancelled its $2.7 billion sale to Frontier Group Holdings...
Frontier declines to further escalate bidding war for Spirit Airlines
Low-cost carrier Frontier Group Holdings Inc has declined to further raise its bid for takeover target Spirit Airlines Inc, potentially drawing curtains on its months-long bidding war with JetBlue Airways Corp. Spirit...
Spirit Airlines rejects JetBlue offer, backs merger with Frontier Group
Spirit Airlines Inc rejected JetBlue Airways Corp’s sweetened takeover offer and recommended that shareholders vote in favour of a merger with Frontier Group Holdings Inc at a meeting on Thursday. JetBlue had on...
Frontier Group sees a deal with Spirit Airlines after revised offer
Frontier Group Holdings Chief Executive Barry Biffle said the company’s revised offer for Spirit Airlines Inc will be enough to secure a merger deal with the ultra-low-cost carrier. “We’re really...
ISS urges Spirit shareholders to vote for Frontier offer
Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines Inc to vote for a proposed merger with Frontier Group Holdings Inc. “On balance, support for the merger...
Frontier raises offer for Spirit to stave off JetBlue’s bid
Spirit Airlines Inc urged its shareholders to back a merger deal with Frontier Group Holdings at a meeting next week after Frontier boosted its offer for the ultra-low-cost carrier. Spirit is the subject of a bidding...
