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...
Aviation
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...
Australia regulator greenlights $17 bln Sydney Airport takeover
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...
