Rakesh Gangwal’s Chinkerpoo Family Trust sold a 5.24% stake in InterGlobe Aviation on Thursday, amounting to ₹9,549 crore through open market transactions. The trust divested over 2.02 crore shares of IndiGo...
Vistara-Air India Merger: Final FDI approval expected soon, merger likely after Diwali
The much-anticipated merger of Vistara into Air India is set to move forward with the final approval for foreign direct investment (FDI) from Singapore Airlines (SIA) expected as soon as Saturday. This approval will...
Go First creditors vote to liquidate airline
Creditors to Go First Airlines have unanimously voted to liquidate the carrier after almost a year of trying to find a buyer for the Wadia group-promoted company. A liquidation plea has been e-filed with the Delhi...
British Airways owner IAG scraps deal to acquire Air Europa
British Airways owner IAG terminated its proposed takeover of Spain’s Air Europa on Thursday, citing regulatory environment concerns, less than two months after it offered remedies to antitrust regulators to...
Alaska-Hawaiian Merger Decision Delayed to Mid-August
Antitrust enforcers looking into Alaska Air Group Inc.’s plan to buy Hawaiian Holdings Inc. will take more time to decide on the proposed $1.9 billion deal. The Justice Department and state attorneys general now have...
Go First heads for liquidation after discussions on bids come up short
Creditors to the debt-laden Go First airline are set to move towards liquidation of the airline after finding no headway between banks and the two prospective bidders, five months after bids were formally received for...
Delhi HC upholds CCI’s approval of Vistara-Air India merger
The Delhi High Court has rejected a petition against the Competition Commission of India’s last year’s order that approved the merger of Tata SIA Airlines, which operates under the brand name Vistara, with Air...
Lufthansa gets EU nod to buy $350 million stake in Italy’s ITA
Lufthansa won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG’s shares and hopes for its takeover...
Boeing agrees to buy Spirit Aero for over $4 billion in an all-stock deal, says report
Boeing agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the U.S. planemaker hopes will help ease a spiralling safety...
Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market share in the country against...
Boeing offers to buy Spirit Aero for $35/shr, Bloomberg News reports
Boeing has offered to acquire Spirit AeroSystems in a deal funded mostly by stock that values its 737 fuselage supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter...
NCLT to hear insolvency plea filed by Engine Lease Finance against SpiceJet on August 2
The National Company Law Tribunal (NCLT) has issued a notice to SpiceJet over an insolvency plea filed by Engine Lease Finance BV, an aircraft engine lessor of the debt-ridden air carrier. The single-member NCLT bench...
