Aeromexico said on Wednesday a New York court had approved the bid it made last week to secure debtor-in-possession (DIP) financing of up to $1 billion as the Mexican airline goes through bankruptcy proceedings in the...
Tata Sons confirms it’s weighing bid for Air India, may make formal bid by end of this month
The Tata Group has begun due diligence on beleaguered national carrier Air India and may make a formal bid close to the official deadline at the end of this month. The focus at the moment is to examine business...
PE firm Westbridge Capital buys IndiGo shares worth ₹559 cr
Private equity firm Westbridge Capital on Wednesday bought a 1.41% stake in InterGlobe Aviation Ltd, which runs India’s biggest airline IndiGo, for ₹559 crore through an open market transaction. As per the block...
IndiGo to raise up to ₹4,000 crore via share sale
India’s largest airline IndiGo parent Interglobe Aviation Ltd on Monday said it will raise up to ₹4,000 crore ($533.70 million) through the sale of shares to institutional investors, as it looks to manage cash...
IAG seeks to halve price of Air Europa acquisition, Cinco Dias says
IAG, the parent of British Airways and Spain’s Iberia, is close an agreement to halve the price of its planned 1 billion euro ($1.17 billion) acquisition of Spanish rival Air Europa, newspaper Cinco Dias reported on...
Jet Airways gets bids from two entities
Jet Airways (India) Ltd has received resolution plans from two of the four potential bidders that were shortlisted to revive the bankrupt airline, a person with direct knowledge of the matter said. A bid was received...
British Airways-owner IAG boosted by 750 million pounds deal with American Express
British Airways owner International Airlines Group said American Express would pay it 750 million pounds ($955 million) to renew their partnership, providing a welcome boost to the airline’s finances at a time when it...
South Korea’s Jeju Air says scraps deal to acquire budget carrier Eastar Jet
South Korea’s top budget carrier Jeju Air Co Ltd said on Thursday it decided to scrap a deal agreed in principle to take over smaller Korean peer Eastar Jet, after the industry was hit by air travel slump amid the...
SpiceJet acqui-hires ixigo’s airline tech arm
Low-cost airline and air cargo operator SpiceJet has aqui-hired Bengaluru-based airline technology firm Travenues, owned by online travel aggregator ixigo. As part of the deal, SpiceJet will hold the licence for...
Virgin Atlantic agrees $1.5 billion rescue deal
Virgin Atlantic has agreed a rescue deal with shareholders and creditors worth 1.2 billion pounds ($1.5 billion) to secure its future beyond the coronavirus crisis, the British airline said on Tuesday. The private-only...
European Commission agrees to €3.4 billion bailout of Dutch airline KLM
The European Commission on Monday said it had approved the 3.4 billion euros ($3.85 billion) bailout package promised by the Dutch government to airline KLM last month. After months of wrangling with France over the...
Tata group mulls exit from JV with AirAsia as sector faces turbulence
Tata Sons Ltd is plotting an exit from loss-making AirAsia India where it holds a majority stake, said two people with direct knowledge of the matter. Tata Sons, the holding company of the Tata group, has a 51% stake in...
