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...
Aviation
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...
‘A lot of issues to overcome…’ world’s airline association on Vistara-Air India merger
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...
