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...
Aviation
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...
Canadian businessman seeks talks with Transat after deal with Air Canada left in limbo
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...
