A subsidiary of Tata Sons, Talace Pvt Ltd, and SpiceJet promoter Ajay Singh have officially bid for Air India, paving the way for the government to fully exit the loss-making national carrier. The national carrier and...
EV maker Xpeng could consider acquisitions to expand capacity
Chinese electric vehicle maker Xpeng Inc would consider acquiring less successful rivals to expand production capacity in the future, company President Brian Gu told reporters during a conference call. Xpeng is building...
Final bids for Air India disinvestment today, Tata group also in race
The government has initiated the process of financial bids for the debt-laden national carrier Air India (AI) on Wednesday as Aviation Minister Jyotiraditya Scindia made it clear that September 15 date for the process...
Sydney Airport sale a step closer after improved $17.4 bln offer
A sale of Australia’s biggest airport moved closer on Monday as an infrastructure investor group won permission to conduct due diligence on Sydney Airport Holdings Pt Ltd, after sweetening its takeover offer to...
Air India divestment: Govt exempts TDS/TCS on transfer of assets to SPV
The government has exempted taxes on transfer of assets by Air India to SPV Air India Assets Holding Ltd, a move aimed at facilitating strategic disinvestment of the national carrier. As a precursor to Air India sale...
Sydney Airport sale a step closer after improved $17.4 billion offer
A sale of Australia’s biggest airport moved closer on Monday as an infrastructure investor group won permission to conduct due diligence on Sydney Airport Holdings Pt Ltd, after sweetening its takeover offer to A$23.6...
Govt sticks to Sep 15 deadline for putting financial bids for Air India
The government will stick to the September 15 deadline for investors to put in bids for buying national carrier Air India, an official said. This is in stark contrast to the extension of deadline for preliminary bids...
PNB asks NCLAT to stay nod to Jet Airways’ revival plan
Punjab National Bank (PNB) moved the appellate bankruptcy court on Thursday, seeking a stay on the approval to ’ revival plan, potentially hampering efforts to restart operations at what was once India’s largest airline...
Is there a need for a separate bankruptcy resolution process involving airlines? Lessons from Jet Airways
The insolvency resolution process for Jet Airways continued for over two years before reaching a conclusion with the Kalrock-Jalan consortium getting the NCLT nod. However, their offer has left the employees seething as...
Towards better operational synergies: Tata Sons may form holding company for Air India bid
Tata Sons is likely to create a holding company for its aviation business that will bid for Air India and also bring under its wing the low-cost airline, AirAsia India, a subsidiary of the group. This holding company is...
NCLAT agrees to hear Jet staff’s plea against Kalrock-Jalan resolution plan
The National Company Law Appellate Tribunal will hear on October 8 an appeal filed by Jet Airways employees against the Kalrock-Jalan revival plan. Various employee groups have moved the appellate tribunal seeking a...
Jet Airways staff moves NCLAT against Kalrock-Jalan resolution plan
The employees of Jet Airways NSE 4.95 % have approached the National Company Law Appellate Tribunal (NCLAT) seeking quashing of the NCLT’s approval to the resolution plan of Kalrock-Jalan consortium. The appeal...
