Sydney Airport Holdings 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 said in a statement...
SpiceJet unit settles dues with Canara Bank at NCLT
SpiceJet Merchandise Pvt. Ltd, a subsidiary of no-frills carrier SpiceJet Ltd, on Wednesday agreed to make pending payments to public sector lender Canara Bank regarding a two-year-old acquisition, two people with...
European drone developer FIXAR ties up with Paras Aerospace to enter Indian market
European commercial drone and software developer FIXAR on Tuesday announced its entry in the fast-emerging domestic unmanned aerial vehicle market in collaboration with Paras Aerospace, a subsidiary of Paras Defence. As...
Israel’s El Al Airlines starts talks to buy smaller rival Arkia
El Al Israel Airlines said it had entered talks with Arkia to examine a possible acquisition of its smaller rival. In a regulatory filing in Tel Aviv, Israel’s flag carrier said it was considering buying Arkia and...
UK intervenes in bid by U.S. aviation firm Parker for Meggitt
Britain said on Monday it was intervening in a proposed 6.3 billion-pound ($8.65 billion) takeover by U.S. engineering and aerospace firm Parker-Hannifin of its British rival Meggitt, citing national security grounds...
Sydney Airport maintains intention to recommend sweetened $17.5 billion buyout offer
Sydney Airport Holding Pty Ltd maintained intention to recommend securityholders to vote in favour of an A$23.6 billion ($17.50 billion) takeover offer from an infrastructure investor group, as the four-week due...
Malaysia’s AirAsia X proposes paying 0.5% of $8.1 billion debt
AirAsia X Bhd is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen...
Tata Sons’ board takes stock of Air India acquisition
The board of directors of Tata Sons, the holding company of the Tata Group, on Tuesday discussed the acquisition of Air India and the fundraising plans for the Rs 18,000 crore acquisition. The company will be raising...
India’s Tata Sons to buy Air India for $2.4 billion
India’s Tata Sons is buying the country’s national carrier Air India, returning the airline to its founders and ending a decades-long struggle by the government to unload the money-losing venture. Tata Sons, a holding...
Centre may announce winning bid for Air India by October 15: Report
The Central government proposes to wrap up the divestment of Air India by the middle of next month with the announcement of winning bid for the national carrier. Sources indicated that tentatively October 15 has been...
Tata Group plans to bring all its airlines under a single entity post Air India acquisition
Tata Sons proposes to bring low-fare airline AirAsia India under the Air India umbrella if its bid for the state-owned carrier succeeds, said top executives aware of the plan. At a later stage, full service carrier...
Vietnam’s Bamboo Airways to sign $2 billion deal with GE for engines on Boeing jets
Vietnam’s Bamboo Airways will sign a deal valued at nearly $2 billion with General Electric to purchase GEnx engines to power Boeing 787-9 Dreamliner aircraft, the airline said on Tuesday. The deal will be signed in the...
