Canadian businessman Pierre Karl Péladeau said on Tuesday night he wants to start talks to acquire Transat A.T., after Air Canada’s planned C$188.7 million ($148.7 million) takeover of the Montreal-based tour operator...
Canada approves Air Canada purchase of Transat, with conditions
Canada has approved Air Canada’s purchase of troubled rival Transat A.T. Inc, subject to a number of conditions, Transport Minister Omar Alghabra said on Thursday. In a statement, Alghabra said the COVID-19 pandemic was...
Adani completes purchase of 23.5% stake in Mumbai International Airport
Adani Group has completed the purchase of 23.5 per cent stake in Mumbai International Airport (MIAL) from two South African entities, marking the first step towards acquiring a majority control in the country’s second...
IndiGo opts to raise funds via SLB route
India’s largest domestic airline IndiGo has scotched plans to raise funds through a qualified institutional placement (QIP), opting instead to raise money through sale and leaseback (SLB) transactions and other...
SIA won’t be Tata Group’s co-pilot in bid for Air India
Singapore Airlines (SIA) won’t partner the Tata Group in its bid for state-owned Air India, according to people with knowledge of the matter. Tata had hoped to rope in SIA and make the bid through their Vistara joint...
AirAsia Group to raise up to $113 million via private placement
AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday...
British Airways-owner IAG buys Air Europa in cut-price 500 million euro deal
British Airways and Iberia owner International Airlines Group has agreed to buy Spain’s Air Europa for 500 million euros ($606.7 million), after the pandemic cut the price in half and IAG struck a deal to defer payment...
Govt extends bid deadline for Pawan Hans by a month to Feb 18
The government has extended the preliminary bid submission deadline for buying Pawan Hans by a month till February 18. The Department of Investment and Public Asset Management (DIPAM) had in December invited bids for...
Former Gatwick owner outbids Blackstone for Signature Aviation
An investment fund that used to own London’s Gatwick Airport has struck a $4.63 billion deal to buy Bill Gates-backed private jet services firm Signature Aviation, trumping rival suitors private equity giants Blackstone...
Tata Sons to increase its stake in AirAsia India to 83.67%
Tata Sons will buy 32.67% of AirAsia Berhad’s stake in the Indian joint venture AirAsia India, giving the group complete freedom to make it the vehicle for its upcoming Air India bid. Tata’s stake in AirAsia India will...
Skyways ties up with SpiceJet for COVID-19 vaccine transportation
Air freight forwarder Skyways Air Services on Monday said it has joined hands with budget carrier SpiceJet for transporting COVID-19 vaccine across India. Under the collaboration, Skyways will provide cold chain...
No going back on privatisation of BPCL, Air India
COVID-19 carnage may have slightly pushed back timelines but there is certainly no going back on privatisation of bluechip public sector undertakings like BPCL and Air India as the government feels it has no business to...
