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...
Aviation
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...
Aviation startup Lilium to float in US via $3.3 billion SPAC deal
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...
