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...
Aviation
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...
Thiele family sold more than half its stake in Lufthansa
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...
