To attract potential suitors, the government will ease asset valuation norms for Air India by allowing bidders to put in offers on an enterprise value basis, a source said on Monday. To begin with, the government is...
Kerala HC upholds Adani airport deal
The Kerala high court on Monday allowed billionaire Gautam Adani to operate the airport in state capital Thiruvananthapuram, rejecting the state government’s contention that the privatization was not in the public...
Relief for Jet staff as lenders give nod to resolution plan
Employees of Jet Airways (India) Ltd breathed a sigh of relief after the committee of creditors of Jet Airways approved a revival plan for the airline submitted by a consortium consisting of Kalrock Capital and Murari...
Lenders’ voting on Jet Airways’s resolution plan extended to Saturday
Jet Airways has extended the deadline for voting on resolution plans to Saturday, according to the airline’s resolution professional Ashish Chhawchcharia. Only half the lenders have submitted their votes and the...
Government to go ahead with Air India sale, may not retire debt
The government is moving ahead with Air India strategic sale and is expected to ask suitors to bid based on the combined equity and debt value, while turning down suggestions to either run the operations for next two...
Hedge fund Marshall Wace takes stake in British Airways-owner IAG
Marshall Wace has picked up a 3% stake in British Airways owner IAG, a Spanish regulatory filing from the hedge fund showed on Wednesday. IAG last month raised 2.7 billion euros ($3.2 billion) to reduce debt and ride...
Top shareholder in Air Canada, Transat calls revised buyout offer ‘reasonable’
The biggest shareholder in Air Canada and Transat A.T. Inc said on Tuesday that AC’s revised offer for the Canadian tour operator was “a very reasonable one,” given the turmoil in the aviation industry...
Jet Airways’ lenders to vote on resolution by 16 Oct
Lenders to Jet Airways have time till 16 October to vote on two proposals to revive the stressed airline. The deadline may get extended if banks fail to get internal approvals, according to a person familiar with the...
AirAsia X proposes $15 billion debt restructure to stave off liquidation
Malaysian budget airline AirAsia X Bhd (AAX), the long-haul arm of AirAsia Group Bhd, said it has proposed restructuring $15.3 billion of debt and reducing its share capital by 90% to continue as a going concern...
Tata eyes options on AirAsia’s exit
Tata Sons Ltd is considering various options on the future of its airline venture AirAsia India against the backdrop of its Malaysian partner planning to exit it, two people in the know said. This comes at a time when...
Japan’s ANA mulls 200 billion yen share offer: Nikkei
Japan’s biggest airline ANA Holdings is considering issuing 200 billion yen ($1.9 billion) in shares to bolster its finances as the downturn in air travel drags on, the Nikkei newspaper reported. “We do not...
Tata Group’s interest in Air India concerning for Vistara partner Singapore Airlines
Singapore Airlines (SIA), Tata group’s joint venture partner in Vistara, and Temasek, the Singaporean carrier’s majority shareholder, are believed to have voiced their misgivings to Tata Sons about its...
