The government has approved selling its 51 per cent stake in helicopter services provider Pawan Hans Ltd (PHL) along with transfer of management control for Rs 211.14 crore to Star9 Mobility Private Ltd, the Finance...
Aviation
Tata Group approaches CCI for merger between Air India and AirAsia India
Tata Sons-owned Air India has approached the anti-trust regulator Competition Commission of India (CCI) for a merger of its low-cost subsidiary Air Asia India. “The proposed combination relates to the acquisition of the...
JetBlue, Frontier each make case for Spirit takeover
JetBlue Airways Corp on Wednesday mounted a vigorous defense of its unsolicited $3.6 billion bid to acquire ultra-low-cost carrier Spirit Airlines, saying the company is “highly confident” of securing...
Delta, Air France-KLM eye majority stake in ITA Airways – paper
Delta Airlines and Air France-KLM have teamed up with an unidentified fund to express an interest in a majority stake in ITA Airways, daily La Repubblica said on Thursday, setting the stage for a potential bid battle...
Lockheed scraps $4.4 bln deal to buy Aerojet amid regulatory roadblocks
U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade...
Frontier to buy Spirit Airlines in $2.9 bln budget carrier deal
Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to create the fifth-largest U.S. airline in a $2.9 billion tie-up likely to tighten competition against traditional carriers. The...
Airbus, Quebec reach $1.2 bln investment deal for A220 jet program
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...
