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...
Aviation
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...
EMC case: Pawan Hans bidder initiates process to appeal against NCLT order
Almas Global Opportunity Fund SPC (AGOF), part of the consortium that won the bid for Pawan Hans, on Tuesday said it has initiated the process to appeal against an NCLT order with respect to the fund acquiring bankrupt...
JetBlue goes hostile to buy Spirit Airlines after rejection
JetBlue Airways Corp is not taking no for an answer in its quest to buy rival Spirit Airlines. On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the...
Aircraft lessor SMBC Aviation nears $7 billion deal for rival Goshawk, sources say
SMBC Aviation Capital, one of the world’s biggest aircraft lessors, is nearing a deal to acquire smaller rival Goshawk for about $7 billion, including debt, people familiar with the matter said on Friday. The deal...
Italy sets course for ITA Airways sale by end of next month
Italy’s government aims to sell state-owned ITA Airways, the successor to Alitalia, by the end of June after setting a deadline for binding offers of May 23, Economy Minister Daniele Franco said on Tuesday. Three...
Qantas to buy rest of Alliance Aviation for $443 mln to tap mining sector demand
Australia’s Qantas Airways said it would buy the remaining 80% stake in Alliance Aviation Services for A$610.8 million ($443.14 million) in an all-stock deal to expand its footprint in the charter business. The...
Spirit board rejects JetBlue takeover offer on antitrust risks
Ultra low cost carrier Spirit Airlines rejected JetBlue Airways Corp’s $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators. Frontier (ULCC.O) and JetBlue...
