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...
Amid merger speculation, Brazilian airline Gol parent talks with Azul
The parent company of Brazilian airline Gol has started talks with rival Azul to “explore opportunities,” both airlines said on Monday, following media reports earlier this year that pointed to a potential...
FA Airlines to buy regional airline FlyBig
Mumbai-based FA Airlines is set to acquire regional carrier FlyBig, according to sources. FlyBig has four planes in its fleet. Incorporated in 2022, FA Airlines is focused on the aviation sector. The sources said an...
AI-Vistara merger will strengthen presence in India: Singapore Airlines
Singapore Airlines Group on Wednesday said the proposed Air India and Vistara merger, which is awaiting foreign direct investment and other approvals, will strengthen its multi-hub strategy as well as allow it to...
Tatas to conclude Vistara- AI merger by year end
Tata Sons is looking to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, Air India CEO Campbell Wilson told employees on Monday. Wilson and Vistara CEO Vinod...
NCLT asks SpiceJet to file reply to Aircastle’s petition in 15 days
National Company Law Tribunal (NCLT) Tuesday directed carrier SpiceJet to submit its reply within 15 days to Aircastle (Ireland’s) Limited insolvency petition. The tribunal will now examine if the power of...
GMR Airports Infra to buy stake in WAISL for Rs 57 crore
GMR Airports Infrastructure on Tuesday announced acquiring an 8.4 per cent stake in WAISL, which provides digital infrastructure services at airports, as the company looks to strengthen its presence in airport-related...
Tatas to speed up Air India-Vistara merger
Tata Sons is rushing to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, people familiar with the matter said. They added that both the airlines have approached...
