SpiceJet, India’s second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its...
SpiceJet seeks nod from shareholders to hive off cargo biz
No-frills carrier SpiceJet Limited, which had in July announced plans to hive off its cargo operations into a separate entity, on Tuesday said it has sought permission from its shareholders to complete the process. In a...
Sydney Airport rejects improved $16.8 bln buyout bid, open to higher offer
Sydney Airport Holdings Pty Ltd on Monday rejected an improved A$22.80 billion ($16.81 billion) bid from a group of infrastructure investors, saying that it undervalued the airport operator, but that it was open to a...
Financial bids for Air India likely to be received by September 15: V K Singh
Financial bids for Air India are likely to be received from qualified interested bidders (QIBs) by September 15 this year, Minister of State for Civil Aviation V K Singh said on Thursday. The Centre had invited...
‘Undervalued’: Sydney Airport Holdings rejects $17-bn takeover bid
Sydney Airport Holdings said on Thursday it would reject a A$22.26-billion ($16.6-billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by record-low...
Adani Airport Holdings to own nearly 98% stake in GVK Airport Developers
AAHL, the flagship holding company of Adani Group’s airport business, will hold nearly 98 per cent stake in GVK Airport Developers Ltd (GVKADL) pursuant to the rights exercised by it as a lender to the company...
Sydney Airport rejects $17 bln buyout proposal amid deal frenzy
Sydney Airport Holdings Pty Ltd said on Thursday it would reject a A$22.26 billion ($16.6 billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by record...
Adani takes over Mumbai airport, becomes India’s largest airport operator
The Adani group has completed the acquisition of Mumbai International Airport Limited (MIAL) and will begin construction of the greenfield airport in Navi Mumbai next month, it said in a release today. Last August the...
Air India: Tata Group may ask for indemnity clause in Air India privatisation deal
The Tata Group may ask for an indemnity clause in the Air India privatisation deal in order to protect itself from unexpected claims even as it intensifies due diligence on the government-owned airline. Tata Group...
Adani to raise over $1 billion to refinance Mumbai International Airport debt
The Adani Group, which is soon expected to take over the GVK-led Mumbai International Airport (MIAL), plans to refinance its debt at lower rates with overseas funds, people aware of the talks told ET. Adani Airport...
Malaysia’s AirAsia to buy Gojek’s Thai business for $50 mln in shares
Malaysian budget carrier AirAsia Group said it will buy Indonesian ride-hailing and payments firm Gojek’s Thailand business in a stock swap, giving Gojek a 4.76% stake in the airline’s lifestyle platform...
Sydney Airport gets $16.7 bln buyout bid as investors take longer-term view on travel
A group of infrastructure investors has proposed one of Australia’s biggest-ever buyouts, a A$22.26 billion ($16.7 billion) purchase of Sydney Airport Holdings Pty Ltd, taking a longer-term view on the pandemic...
