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...
Airline Azul Tumbles Into Bankruptcy After Vowing to Avoid It
Even as the Brazilian airline Azul SA struggled with exchange rate pressures and the lingering effects of the pandemic, top executives insisted they would do whatever they could to avoid filing for bankruptcy. “The ones...
US court approves Brazilian airline Gol’s restructuring plan
Brazilian airline Gol said on Tuesday its restructuring plan under Chapter 11 proceedings was approved by a U.S. court, paving the way for it to exit bankruptcy protection on June 6. The carrier, one of Brazil’s...
Airbus finalizes long-awaited Spirit Aero deal
Europe’s Airbus has finalized an agreement to take some assets from Spirit AeroSystems, both companies said late on Sunday, completing a critical part of a transatlantic carve-up of the struggling supplier with U...
Boeing to sell Jeppesen unit to Thoma Bravo for $10.6 billion
Boeing said on Tuesday it would sell portions of its Digital Aviation Solutions business, including navigation unit Jeppesen, to private equity firm Thoma Bravo for $10.55 billion. The U.S. planemaker will retain the...
