German air shuttle startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blank-cheque acquisition company, in a deal valuing the combined business at...
Paris, EU near deal on Air France bailout conditions: Report
The French government and the European Union’s executive are close to an agreement on the terms of a bailout for Air France, which like other carriers has been hammered by the coronavirus pandemic, Le Monde...
Saudi state carrier Saudia raises $3 billion to fund aircraft orders
State-owned Saudi Arabian Airlines (Saudia) has signed a financing agreement worth 11.2 billion riyal ($3 billion) to partially finance requirements for aircraft it has ordered, the state airline said in a statement on...
Wizz Air’s biggest shareholder sells half its stake for 400 million pounds
Wizz Air’s largest investor Indigo Partners sold about half its stake in the Hungary-based low cost airline to institutional investors, a statement on Tuesday said, raising gross proceeds of around 400 million pounds...
Government to sell remaining stake in Delhi, Mumbai, Bangalore, Hyderabad airports
The aviation ministry is preparing to sell its stakes in companies that operate airports in Delhi, Mumbai, Bengaluru and Hyderabad, a move that will help achieve the government’s target of raising ₹20,000 crore from...
Govt invites bids for over 390 air routes under fresh UDAN bidding round
The civil aviation ministry has invited bids for around 392 routes under the regional air connectivity scheme as part of continuing efforts to improve domestic connectivity as well as make flying more affordable. Under...
DGCA tells NCLT it can’t be mandated to give approvals, slots to Jet’s new shareholders
India’s aviation regulator has told the bankruptcy court that it can’t be mandated or directed to grant approvals, permissions and certificates to the potential new owners of Jet Airways. These include the air...
Employee consortium bid for Air India fails to make the cut
A consortium of Air India employees that placed an expression of interest (EoI) in the privatization of the national carrier has failed to qualify for the next round. Meenakshi Mallik, the airline’s commercial director...
NCLT rejects Jet employee unions’ plea to share details of the resolution plan
The dedicated bankruptcy court has rejected the pleas filed by four employees associations of bankrupt Jet Airway as well as Bhartiya Kamgar Sena who were seeking a copy of the Jalan and Fritch Consortium’s revival plan...
Govt prepares to divest Air India’s ground handling ops
The government is preparing to separately sell Air India Ltd’s profitable ground-handling unit with the privatization of the national carrier making progress. The finance ministry may soon issue a preliminary document...
Billionaire Nassef Sawiris said to back $4.7 billion Signature Aviation takeover
Egyptian billionaire Nassef Sawiris plans to accept a sweetened $4.7 billion takeover offer for private-jet company Signature Aviation Plc, according to people familiar with the discussions. NNS, the investment vehicle...
Carlyle backs away from making offer for Signature Aviation
Carlyle Investment Management said on Thursday it would not make an offer for private jet services provider Signature Aviation, a day after the private equity firm’s unit bought the British firm’s engine repairs...
