The Thiele family, Deutsche Lufthansa AG’s second-largest shareholder, sold more than half of its stake in the airline group following the death of Heinz Hermann Thiele, the bookrunner said in a statement on Thursday...
Investment fund Attestor takes over German airline Condor
German charter airline Condor will be acquired by investment fund Attestor, which pledged to invest in new planes to help the carrier emerge from the coronavirus crisis, Condor said on Thursday. Attestor will purchase a...
Tata Sons, Singapore Airlines invest Rs 465 crore in Vistara
Vistara’s owners Tata Sons and Singapore Airlines have together invested Rs 465 crore in the airline by issuing fresh shares into the airline, showed official documents collated by Tofler. Tata Sons which owns 51%...
Still keen to pick up stake in IndiGo: Qatar Airways group CEO
Qatar Airways has dispatched a flight of aircraft carrying 300 tonnes of coronavirus aid, free of charge, from around the world to India and will be flying in more such aid shipments into the country. The Doha...
Singapore Airlines raises $1.5 billion from airplane sale-and-leaseback deals
Singapore Airlines Ltd said on Monday it had raised about S$2 billion ($1.50 billion) through sale-and-leaseback deals for 11 of its planes to help bolster liquidity as it grapples with the pandemic-related plunge in...
Air India, BPCL sale may be delayed but will get completed by FY22
The timeline for disinvestment of Air India and Bharat Petroleum Corporation (BPCL) may be pushed by two to three months due to impact of the second Covid-19 wave. However, the government is confident of wrapping up the...
Boeing partners with Indian Aviation Academy, USC for training program
Aircraft manufacturer Boeing on Thursday said it has partnered with the Indian Aviation Academy (IAA) and the University of Southern California (USC) for safety management system training to all stakeholders in the...
Abu Dhabi’s Etihad in talks to divest Air Seychelles stake
Etihad Airways is in talks to divest its 40% stake in Air Seychelles, the small Indian Ocean carrier’s Chief Executive Officer Remco Althius said on Wednesday. The move would leave the Seychelles government as the...
Govt begins process for inviting financial bids for Air India sale, deal to conclude by Sept
The government has initiated the process for inviting financial bids for the sale of national carrier Air India and the deal is likely to conclude by September, sources said. Salt-to-software conglomerate Tata Group was...
Air Canada scraps Transat deal on EU headwinds, other bidder returns
Air Canada scrapped its proposed acquisition of Transat AT Inc on Friday after being advised by the European Commission that it would still face high regulatory hurdles, clearing the way for other domestic suitors for...
US-based picks up 49% stake in TruJet airline
New York-based investor Interups Inc. has purchased a 49% stake in regional airline TruJet, operated by Turbo Megha Airways Pvt. Ltd. Financial details of the transaction were not disclosed. The company, part of...
Reliance Infra sells Santacruz HQ to YES Bank for ₹1,200 crore
Anil Ambani-backed Reliance Infrastructure on Thursday announced a sale transaction of Reliance Centre, Santacruz, Mumbai to YES Bank. “Reliance Infrastructure and YES Bank Limited (YES Bank) announced a sale...
