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...
Aviation
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...
Sale of German airline Condor unlikely before mid-2022
German charter airline Condor does not expect to find a new owner until 2022 at the earliest, its chief executive said. The carrier had agreed a sale to Poland’s national carrier LOT for about 300 million euros ($357.7...
Lufthansa to raise $1.2 billion from junk bond markets
Lufthansa is set to raise 1 billion euros ($1.2 billion) through its first conventional bond issue since the onset of the coronavirus crisis, a lead manager said. The German airline operator’s five-year bond was...
Delta, WestJet scrap planned joint venture after U.S. demands
Delta Air Lines and Canada’s WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were “unreasonable and...
Delta, WestJet scrap planned joint venture after U.S. demands
Delta Air Lines and Canada’s WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were “unreasonable and...
