Carlyle Group Inc said on Thursday it has taken a majority stake in Trans Maldivian Airways (TMA), the world’s largest seaplane operator, from buyout firm Bain Capital following a debt restructuring deal. TMA began...
EU opens in-depth study of IAG planned purchase of Air Europa
The European Commission said on Tuesday it had opened an in-depth investigation into International Airlines Group’s planned purchase of Spain’s Air Europa. The Commission, which oversees EU antitrust policy, said it had...
NCLT issues written order approving resolution plan for Jet Airways
The National Company Law Tribunal (NCLT) on Friday published the written order approving Jalan Kalrock Consortium’s resolution plan for grounded Jet Airways, and the approval is subject to certain directions. A...
South Korean developer acquires Eastar Jet for $97 million – Yonhap
South Korean property developer SJ Co Ltd has acquired budget airline Eastar Jet for 110 billion won ($97 million), Yonhap news agency reported on Thursday. SJ paid a deposit of 11 billion won and plans to issue new...
Jet Airways insolvency resolution journey
A brief timeline of the insolvency resolution process of Jet Airways, which started off as an air tax operator in 1993 and became a scheduled carrier in 1995. April 17, 2019 — Cash-starved Jet Airways suspends...
NCLT set to rule today on the resolution plan for Jet Airways
The dedicated bankruptcy court is set to pronounce its ruling on the Kalrock Capital and entrepreneur Murari Lal Jalan Consortium’s resolution plan for the defunct airline Jet Airways Ltd. The Mumbai bench of the...
Air India to sell realty assets for up to ₹300 cr
National carrier Air India Ltd is offering to sell several properties including offices, flats and staff quarters at major metropolitans as the cash-strapped airline makes a renewed attempt for such divestments this...
South African government sells majority stake in airline SAA to consortium
The South African government is selling a 51% stake in South African Airways (SAA) to Takatso consortium, which will initially commit more than 3 billion rand ($221 million) to give the struggling airline a new lease of...
AirAsia Bhd’s 16% stake in India JV valued at $18.8 million
Malaysia’s AirAsia Berhad, which sold a big chunk of its stake in AirAsia India Ltd (AAIL) to Tata Sons late last year, has valued its remaining 16% stake at $18.8 million. In a stock exchange filing, AirAsia Berhad...
Azul looking to buy bankrupt LATAM Airlines’ Brazil operation, source says
Brazilian airline Azul SA has approached Chile’s bankrupt LATAM Airlines Group with the aim of buying its Brazilian operation, a source familiar with the situation told Reuters. Azul’s shares rose more than...
Singapore Airlines not to go for M&A, Vistara investments to continue
In a further indication that Singapore Airlines will not join Tata Sons for the bidding of Air India, the company has said that it is not going to go for any merger & acquisition with the fund it has raised and...
Emirates says to work closer with flydubai, not merging
Emirates will work closer with flydubai but the two Dubai state-owned airlines will not merge into a single brand, Emirates’ president said in an interview broadcast on Monday. “The brands would remain...
