Australia’s competition regulator on Thursday approved a A$23.6 billion ($16.92 billion) takeover of Sydney Airport Holdings, bringing one of the country’s biggest buyouts closer to fruition. Sydney Airport...
SpiceJet says Madras HC stayed its earlier order of winding up the airline
The Madras High Court stayed its earlier order of winding up SpiceJet and appointment of official liquidator for a period of three weeks, subject to the condition that the company deposits the amount equivalent to $5...
After Air India, Centre likely to complete sale of its ground handling unit
After the successful sale of Air India, the government is also likely to successfully complete the sale of the carrier’s ground handling unit, with foreign ground handling companies such as Swissport also looking...
Turkish Airlines dismisses media report it wants to buy Portugal’s TAP
Turkish Airlines (THYAO.IS) said on Monday that it has no current plans to invest in a foreign airline, after a Portuguese newspaper reported that the airline was interested in buying a controlling stake in...
Brazil’s Azul backs off from LATAM bid, citing valuation concerns
Azul SA confirmed making an offer this month to combine with Chile’s LATAM Airlines Group, which is in bankruptcy proceedings, but the Brazilian airline said it had since decided to focus on its own operations...
Latam Airlines nears chapter 11 deal with creditors amid rival’s merger push
Latam Airlines Group SA is close to launching a chapter 11 exit strategy backed by some unsecured creditors as it vies to fend off a competitor’s efforts to build support for a proposed business combination, people...
Government making all efforts to complete Air India disinvestment process by December-end: Official
The government is making all efforts to complete the disinvestment process of national carrier Air India by the end of December, according to a senior official. Tata group firm Talace Pvt Ltd has emerged as the winning...
Tata Sons working on AirAsia India-AI Express merger
Tata Sons has commenced work on the merger of low-fare airline AirAsia India with Air India’s budget carrier Air India Express, said top executives close to the development. As the Tata group takes over Air India...
Air India sale does not impact petition to seek asset seizure, say Devas investors
Investors in Devas Multimedia have in a written submission to a US court said that the sale of Air India to the Tata Group does not impact their petition to seek seizure of the national carrier’s assets to enforce an...
Tata Sons working on AirAsia India-AI Express merger
Tata Sons has commenced work on the merger of low-fare airline AirAsia India with Air India’s budget carrier Air India Express, said top executives close to the development. As the Tata group takes over Air India...
GE Aviation ready to look at acquisitions as it eyes growth
GE Aviation is ready to look at acquisitions to top up its portfolio with technologies that could help it shape the future of flight, without waiting for a planned break-up of its parent General Electric Co, its top...
Sydney Airport agrees to $17.5 bln buyout as Australia begins reopening
Sydney Airport Holdings (SYD.AX) said on Monday it has agreed to accept a A$23.6 billion ($17.5 billion) takeover bid from an infrastructure investor group in one of Australia’s biggest buyouts. The company...
