Europe’s Airbus and Quebec said they have agreed to a $1.2 billion investment deal that would allow the Canadian province to remain in the loss-making A220 jet program until the venture is likely to turn...
Sydney Airport shareholders approve $17 bln takeover
Sydney Airport shareholders approved on Thursday a A$23.6 billion ($16.85 billion) cash takeover by infrastructure investors, though many small retail investors voted against delisting Australia’s only listed...
What are the challenges facing Air India after acquisition by Tatas?
It appears that the JRD’s silent prayer has been answered. Last Thursday, the airline took off from the government s runway and landed in the founder’s fold, shedding the air of lethargy too. The government gave the...
No merger talks for now, Vistara to coexist with Air India: Bhaskar Bhat, Tata SIA Airlines
The Tata Group aims to turn Air India around without hurting the operations of Vistara and any talk of an eventual merger of the carriers is premature. “Vistara will continue to focus on good customer experiences...
Air India takeover: Tatas saddled with older aircraft, poor cabin products
Air India’s new journey to return to its lost glory under the Tata Group will be fraught with issues such as older aircraft, inferior cabin products and human resources issues, but experts and its global...
Shipping group MSC, Lufthansa offer to buy Alitalia successor
Swiss-based shipping group MSC and German carrier Lufthansa want to buy the majority of Alitalia successor ITA Airways and have asked for an exclusivity period of 90 days to study the deal, MSC and ITA said on Monday...
Boeing invests $450 mln in flying taxi developer Wisk
Boeing Co is investing a further $450 million in Wisk Aero to support the development of future pilotless flying taxis, the U.S. aerospace giant said on Monday. California-based Wisk, owned by Boeing and Kitty Hawk...
Germany’s Lufthansa is set to buy 40% stake in Alitalia’s successor ITA – paper
Germany’s Lufthansa is set to buy a 40% stake in state-owned Alitalia’s successor ITA Airways and a deal could be unveiled next week, Italian daily Il Foglio reported on Saturday. ITA Airways started flying...
NCLAT directs Jalan-Kalrock consortium to share resolution plan details with Jet Airways’ workmen
The National Company Law Appellate Tribunal (NCLAT) on Thursday directed the Kalrock-Jalan consortium, the winning bidder for bankrupt Jet Airways, to share portions of the resolution plan pertaining to claims of...
U.S. FTC delays vote on Lockheed purchase of Aerojet for two weeks – sources
The U.S. Federal Trade Commission, which assesses mergers to ensure they comply with antitrust law, has put off a vote on Lockheed Martin’s purchase of Aerojet Rocketdyne for as much as two weeks, two people...
Sky One in race for Pawan Hans stake
UAE’s Sky One FZE is among the bidders in the race to buy the government’s stake in helicopter services company Pawan Hans, according to people aware of the matter. Pawan Hans was put up for sale in December...
Airbus takes lead in bid to win Dutch KLM jet deal: Report
Airbus has taken the lead in a bid to supply A321neo jets to Dutch airline KLM, potentially beating rival Boeing’s 737 MAX, three people familiar with the matter said on Wednesday. A decision could be taken by...
