Creditors to the debt-laden Go First airline are set to move towards liquidation of the airline after finding no headway between banks and the two prospective bidders, five months after bids were formally received for...
Delhi HC upholds CCI’s approval of Vistara-Air India merger
The Delhi High Court has rejected a petition against the Competition Commission of India’s last year’s order that approved the merger of Tata SIA Airlines, which operates under the brand name Vistara, with Air...
Lufthansa gets EU nod to buy $350 million stake in Italy’s ITA
Lufthansa won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG’s shares and hopes for its takeover...
Boeing agrees to buy Spirit Aero for over $4 billion in an all-stock deal, says report
Boeing agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the U.S. planemaker hopes will help ease a spiralling safety...
Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market share in the country against...
Boeing offers to buy Spirit Aero for $35/shr, Bloomberg News reports
Boeing has offered to acquire Spirit AeroSystems in a deal funded mostly by stock that values its 737 fuselage supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter...
NCLT to hear insolvency plea filed by Engine Lease Finance against SpiceJet on August 2
The National Company Law Tribunal (NCLT) has issued a notice to SpiceJet over an insolvency plea filed by Engine Lease Finance BV, an aircraft engine lessor of the debt-ridden air carrier. The single-member NCLT bench...
Go First granted 60-day extension by NCLT to complete insolvency proceedings
Bankrupt airline Go First has received an additional 60-day window from the National Company Law Tribunal to complete its insolvency proceedings. The NCLT on April 8 extended the deadline to complete Go First’s...
Indian airline IndiGo’s top shareholder to sell 2% stake, worth $394 mln
IndiGo airline’s biggest shareholder will sell a 2% stake worth $394 million in the low-cost Indian carrier on Tuesday, per a term sheet seen by Reuters, marking its first such sale in at least four years during...
Air India – Vistara merger gets NCLT nod
The National Court Law Tribunal (NCLT) has approved the merger of Air India & final. ET has seen a copy of the order. The merger will make Air India Group India’s largest international carrier, connecting five of...
French jet engine maker Safran gets Italy’s clearance to buy Microtecnica
French jet engine maker and defence company Safran said on Thursday it had received clearance from Italy to buy Microtecnica, the company which holds Collins Aerospace’s flight control assets in the country. Italy...
Engine Lease Finance moves insolvency plea against SpiceJet
Engine Lease Finance BV, an aircraft engine lessor of SpiceJet, has moved an insolvency plea before the NCLT against the debt-ridden air carrier over non-payment of over USD 12 million (around Rs 100 crore). Engine...
