Singapore Airlines (SIA) won’t partner the Tata Group in its bid for state-owned Air India, according to people with knowledge of the matter. Tata had hoped to rope in SIA and make the bid through their Vistara joint...
Aviation
AirAsia Group to raise up to $113 million via private placement
AirAsia Group plans to undertake a private placement to raise up to 454.5 million ringgit ($113 million) to address immediate and near-term cash flow requirements, the Malaysian budget airline group said on Thursday...
British Airways-owner IAG buys Air Europa in cut-price 500 million euro deal
British Airways and Iberia owner International Airlines Group has agreed to buy Spain’s Air Europa for 500 million euros ($606.7 million), after the pandemic cut the price in half and IAG struck a deal to defer payment...
Govt extends bid deadline for Pawan Hans by a month to Feb 18
The government has extended the preliminary bid submission deadline for buying Pawan Hans by a month till February 18. The Department of Investment and Public Asset Management (DIPAM) had in December invited bids for...
Former Gatwick owner outbids Blackstone for Signature Aviation
An investment fund that used to own London’s Gatwick Airport has struck a $4.63 billion deal to buy Bill Gates-backed private jet services firm Signature Aviation, trumping rival suitors private equity giants Blackstone...
Tata Sons to increase its stake in AirAsia India to 83.67%
Tata Sons will buy 32.67% of AirAsia Berhad’s stake in the Indian joint venture AirAsia India, giving the group complete freedom to make it the vehicle for its upcoming Air India bid. Tata’s stake in AirAsia India will...
Skyways ties up with SpiceJet for COVID-19 vaccine transportation
Air freight forwarder Skyways Air Services on Monday said it has joined hands with budget carrier SpiceJet for transporting COVID-19 vaccine across India. Under the collaboration, Skyways will provide cold chain...
No going back on privatisation of BPCL, Air India
COVID-19 carnage may have slightly pushed back timelines but there is certainly no going back on privatisation of bluechip public sector undertakings like BPCL and Air India as the government feels it has no business to...
DGCA considers due diligence for return of 737 Max
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...
