The Directorate General of Civil Aviation (DGCA) may conduct its own due diligence before allowing the grounded Boeing 737 Max aircraft to return to Indian skies, two people with direct knowledge of the matter said...
U.S. gives final OK for Aer Lingus to join transatlantic joint venture
Irish airline Aer Lingus received final U.S. approval on Monday to join a transatlantic joint venture with other major airlines. The U.S. Transportation Department in November granted tentative approval for Aer Lingus...
Lockheed Martin inks $4.4 billion deal to acquire Aerojet Rocketdyne
Lockheed Martin Corp said on Sunday it has agreed to buy U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash. The deal is Lockheed’s biggest acquisition since...
Disinvestment of Air India finally seems to take off
The government has finally managed to spark interest in the strategic disinvestment of Air India, having received multiple expressions of interest, according to the secretary of the department of investment and public...
IAG, Iberia boards to review AirEuropa buy this week, report says
International Consolidated Airlines Group (IAG) and its Spanish unit Iberia will hold board meetings this week to decide whether to go ahead with the acquisition of Spanish carrier Air Europa, Spanish news website...
Employee group, Interups Inc to bid for Air India
A section of Air India Ltd’s employees along with New York-based company Interups Inc. will be placing an expression of interest (EoI) for the divestment-bound national carrier, ahead of the deadline for the bid...
Government not to give further extension for Air India sale
The government will not extend deadline for submission of expression of interest by interested parties for sale of Air India, but has allowed them to submit physical bids within 15 days from the deadline instead of one...
Govt offers shorter lock-in, lower net worth to sell Pawan Hans stake
The finance ministry has sweetened the terms to sell helicopter operator Pawan Hans in its fourth attempt, reducing minimum net worth for potential bidders and the lock-in period of investment, and allowing the...
Govt invites fresh bids for Pawan Hans sale
After two unsuccessful attempts, the government on Tuesday invited fresh bids for strategic sale of helicopter services provider Pawan Hans along with transfer of management control. The government owns 51 per cent...
Air India to raise another ₹1,000 crore this week
Debt-laden Air India Ltd is set to raise about ₹1,000 crore this week to complete total fundraising of about ₹6,150 crore in short-term loans from local lenders, said two people with direct knowledge of the matter. The...
Korean Air’s Asiana buy on track as Seoul court refuses injunction
A Seoul court on Tuesday allowed Korean Air Lines’ parent company to go ahead with a stock issuance, clearing the way for the flag carrier’s planned acquisition of indebted Asiana Airlines. The Seoul central district...
Air Canada seeks to address EU concerns on Transat purchase
Air Canada has offered concessions related to its proposed acquisition of Canadian tour operator Transat to address EU antitrust concerns, a European Commission filing showed on Thursday. The Commission, which oversees...
