U.S. no-frills pioneer Spirit Airlines filed for bankruptcy protection on Friday for the second time in a year after a previous reorganization failed to put it on firmer financial footing. The Florida-based carrier...
Turkish Airlines says Spain’s Air Europa accepts its offer to buy a minority stake
Turkish Airlines said on Tuesday that its offer for the acquisition of a minority stake in Spanish airline Air Europa has been accepted. The Turkish flag carrier disclosed in June that it was holding non-binding talks...
Adani Defence & Aerospace partners with Prime Aero to acquire 100% stake in Indamer Technics
Adani Defence Systems and Technologies Limited (ADSTL), through its venture Horizon Aero Solutions Limited, in partnership with Prime Aero Services LLP, signed an agreement to acquire a 100% stake in Indamer Technics...
Lufthansa abandons process to buy stake in Spain’s Air Europa
Lufthansa has abandoned its plan to bid for a stake in Spanish airline Air Europa, a spokesperson for the German group said on Tuesday, only a week after Air France-KLM announced it was also dropping out of the process...
Portugal relaunches TAP airline privatisation, aims to sell 49.9%
Portugal’s government relaunched the long-delayed privatisation of flag carrier TAP on Thursday, saying it aimed to sell a 49.9% stake within a year’s time, and could then consider offloading more of the...
Boeing set to acquire Spirit’s Northern Ireland plant, spokesperson says
Boeing is set to take over the non-Airbus portion of Spirit AeroSystems’ operations in Belfast, Northern Ireland, after attempts to find a buyer for the site fell through, a Spirit spokesperson said on Tuesday. In...
UK competition watchdog begins initial probe into Boeing-Spirit Aero deal
Britain’s competition regulator said on Monday it has started a Phase 1 investigation into Boeing’s planned acquisition of Spirit Aerosystems, setting a deadline of August 28 for a decision. The Competition...
JetBlue’s second-largest investor will consider selling stake without changes
JetBlue Airways’ second-largest investor, Vladimir Galkin, is threatening to sell his near 10% stake in the struggling air carrier if the company’s cost-cutting plan and other broader efforts fail to turn...
IndiGo parent InterGlobe denies stake sale reports, calls them ‘speculative’
InterGlobe Enterprises, the parent company of India’s largest airline IndiGo, on Friday dismissed reports suggesting it is planning to sell a portion of its stake in the carrier as “speculative” and “without factual...
Bank of Baroda top bidder in Jet Airways BKC office insolvency auction
In a significant development under the ongoing Jet Airways insolvency proceedings, public sector lender Bank of Baroda has emerged as the highest bidder for the airline’s 83,000 sq ft office space in commercial tower...
Redwing Acquires Assets of Swedish Drone Delivery Startup Aerit, Adding European Entry and ML-Based Flight Routing Capabilities
Redwing, a leading provider of drone-based instant logistics solutions from India, today announced the strategic acquisition of the assets of Aerit, a Swedish drone delivery startup recognized for its advanced...
Italy approves Baykar’s acquisition of Piaggio Aerospace
taly has approved the sale of Piaggio Aerospace to Turkish drone manufacturer Baykar, invoking Golden Power safeguards. The €40 million investment aims to establish Liguria as a European production centre for Baykar’s...
