Even as the Brazilian airline Azul SA struggled with exchange rate pressures and the lingering effects of the pandemic, top executives insisted they would do whatever they could to avoid filing for bankruptcy. “The ones...
US court approves Brazilian airline Gol’s restructuring plan
Brazilian airline Gol said on Tuesday its restructuring plan under Chapter 11 proceedings was approved by a U.S. court, paving the way for it to exit bankruptcy protection on June 6. The carrier, one of Brazil’s...
Airbus finalizes long-awaited Spirit Aero deal
Europe’s Airbus has finalized an agreement to take some assets from Spirit AeroSystems, both companies said late on Sunday, completing a critical part of a transatlantic carve-up of the struggling supplier with U...
Boeing to sell Jeppesen unit to Thoma Bravo for $10.6 billion
Boeing said on Tuesday it would sell portions of its Digital Aviation Solutions business, including navigation unit Jeppesen, to private equity firm Thoma Bravo for $10.55 billion. The U.S. planemaker will retain the...
CCI approves Akasa Air stake sale, Quality Care-Aster deal
The Competition Commission of India (CCI) on Tuesday cleared four proposals, including the acquisition of certain stakes in Akasa Air’s parent SNV Aviation by Premji Invest, Manipal Group head Ranjan Pai’s...
Mesa Air, Republic Airways in merger deal to create larger regional airline
Mesa Air Group and Republic Airways agreed to merge in an all-stock deal, the companies said on Monday, in a move that would give them a larger fleet and boost efficiency in regional flying and crew management. The...
Safran to win EU approval for $1.8 billion Collins deal, sources say
French engine and aircraft equipment maker Safran is set to secure conditional EU antitrust approval for its $1.8 billion bid for Collins Aerospace’s flight controls business, people with direct knowledge of the...
IAG will consider selling 20% stake in Air Europa, CEO says
British Airways-owner IAG will consider selling its 20% stake in Air Europa as the Spanish airline’s owner continues talks with Air France-KLM and Lufthansa to sell a stake in the company, IAG’s CEO told...
EaseMyTrip enters aviation market; acquires 49% stake in Big Charter Pvt Ltd
In a move to expand its services, EaseMyTrip, one of India’s leading online travel agencies, announced Monday that it has entered the charter aviation market with the acquisition of a 49% stake in Big Charter Pvt Ltd...
Brazilian airline Gol ties up $1.25 billion financing in Chapter 11 exit bid
Brazilian airline Gol said on Monday it had struck a deal with investors in which they would purchase up to $1.25 billion in debt instruments, a key step toward the carrier’s exit from Chapter 11 bankruptcy...
SpiceJet faces fresh insolvency plea amid mounting legal battles
Budget carrier SpiceJet is facing fresh insolvency proceedings, this time from Indonesia’s PT BBN Airlines over unpaid lease rentals totalling $5.94 million. The National Company Law Tribunal (NCLT), Delhi bench, heard...
Air France-KLM in ongoing talks with Air Europa on potential stake, CEO says
Air France-KLM is in talks to take a stake in Spanish airline Air Europa and is looking to boost its existing holding in Scandinavian carrier SAS to a majority, CEO Ben Smith told Reuters on Tuesday. “We’ve...
