Ever since Tata Group has taken over Air India, reports have surfaced that the country’s oldest multinational conglomerate might merge the debt-ridden airline with Vistara. Tata Sons, which is the principal...
JetBlue sweetens offer for Spirit to fend off Frontier bid
JetBlue Airways said it had sweetened its takeover offer for Spirit Airlines to $33.50 per share in a bid to convince the ultra-low-cost carrier to accept its offer over rival Frontier Airlines’ proposal. The move...
CCI approves acquisition of AirAsia India by Air India
Competition Commission of India (CCI) approved the acquisition of AirAsia India by Air India. It is based on the request made to the fair trade regulator, where Air India had proposed buying low-cost airline AirAsia...
JetBlue CEO ‘optimistic’ airline can acquire Spirit
JetBlue Airways Corp Chief Executive Robin Hayes said Friday he is “optimistic” he can reach a deal to acquire Spirit Airlines Inc. “We’re pleased that there now seems to be a genuine desire from...
Singapore’s competition commission raises concerns with Tata Group on Air India’s acquisition
Singapore’s competition commission said it has raised concerns with the Tata Group over its acquisition of Air India as the conglomerate now owns two of the three key airlines that operate flights on Singapore...
Spirit Airlines, JetBlue lock horns over takeover
The battle to snap up Spirit Airlines is heating up. Frontier Group Holdings Inc has agreed to pay a break-up fee of $250 million in a bid to salvage its $2.9 billion acquisition of Spirit Airlines. JetBlue Airways...
ISS urges Spirit shareholders to reject Frontier offer
Proxy advisory firm Institutional Shareholder Services Inc (ISS) has urged shareholders of Spirit Airlines to vote against a proposed merger with Frontier Group Holdings. JetBlue Airways Inc’s competing offer of...
Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT
Insolvency appellate tribunal NCLAT on Monday said the implementation of Jalan-Kalrock consortium resolution plan for Jet Airways would be subject to the outcome of its order over the appeals filed before it. While...
Gautam Adani to buy stake in Air Works Group: Report
The Adani Group is looking to invest in India’s largest independent aircraft maintenance, repair and overhaul (MRO) organisation, Indian Express reported. In addition to over a dozen foreign airlines including...
Lufthansa in talks to sell 20% of maintenance arm Technik – sources
Lufthansa is holding talks with buyout funds as it seeks to sell about 20% of its aircraft maintenance business Technik, three sources familiar with the matter told Reuters. The German airline has abandoned plans to...
Lufthansa aims for 20% stake in ITA Airways
Germany’s Lufthansa wants to acquire a 20% stake in state-owned Italian airline ITA Airways, the successor to Alitalia, and its partner MSC is bidding for a 60% stake, a person familiar with the matter told...
Spirit Airlines calls for shareholders to reject JetBlue bid
Spirit Airlines urged shareholders to reject a hostile bid by JetBlue Airlines on Thursday, saying it was “a cynical attempt to disrupt” its merger with Frontier. JetBlue says its $30 a share offer is...
