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...
Aviation
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...
Tata Sons, Ajay Singh submit financial bids for Air India, as per sources
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...
