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...
Aviation
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...
Sydney Airport agrees to $17.5 billion buyout deal
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...
