Indian conglomerate Tata Sons is in talks to buy out AirAsia Group Bhd’s stake in their airline joint venture in India at a steep discount, the Business Standard newspaper reported on Thursday, citing banking...
GMR completes stake sale in airport biz to Groupe ADP, gets Rs 4,565 cr
France’s Groupe ADP has infused Rs 4,565 crore, which is the second tranche of investment, in GMR Airports Limited (GAL) to conclude its deal to purchase a total of 49 per cent shareholding in the company, said an...
AirAsia weighs raising $234 million via rights issue
AirAsia Group Bhd. is considering raising about 1 billion ringgit ($234 million) through a rights issue after an external auditor raised concerns about its viability, according to a person with knowledge of the matter...
Virgin Australia bondholders seek permission to put forward sale alternative
Virgin Australia Holdings Ltd bondholders have applied to the Takeovers Panel for approval to allow them to make an alternative proposal to creditors for the sale of the airline to private equity group Bain Capital, the...
Government extends deadline to bid for Air India by two months till August 31
The government has extended the deadline to bid for Air India for the third time, till August 31, due to the Covid-19 pandemic which has impacted global economies. The last date for intimation to qualified Bidders has...
AirAsia may have to take legal route to exit India JV
AirAsia’s reported move to sell its 49% stake in its Indian venture will face legal hurdles as agencies probing corruption and money laundering charges against its founder Tony Fernandes and former brass of AirAsia...
AirAsia may eventually exit India JV: Report
India and Japan are peripheral markets for Malaysian no-frills airline, Air Asia Berhad, which could at some point exit its Indian venture with the Tata Group, the carrier acknowledged, according to a recent report by...
Germany in Lufthansa bailout talks with key shareholder
The German government held talks with Lufthansa’s biggest shareholder on Monday to persuade him to accept the terms of a 9 billion euro ($10 billion) coronavirus bailout that it has offered the airline group. Finance...
American Airlines seeks $3.5 billion in new financing
American Airlines Group Inc said on Sunday it plans to secure $3.5 billion in new financing, to improve the airline’s liquidity as it grapples with travel restrictions caused by the coronavirus. The company plans to...
EU regulators halt Air Canada, Transat anti-trust probe, await data
EU antitrust regulators have suspended their investigation into Air Canada’s bid for Canadian tour operator and carrier Transat AT Inc while waiting for the companies to provide data sought by the enforcers. The...
Lufthansa may sell Brussels Airlines or let it go bankrupt: report
Lufthansa could let its Belgian subsidiary Brussels Airlines go bankrupt or sell it, La Libre newspaper reported on Friday, citing anonymous sources at the airline. Brussels Airlines, which employs 4,200 people, said...
IAG airline Level Europe files for insolvency
Austrian short-haul budget carrier Level Europe plans to file for insolvency, it said on Thursday, becoming the latest airline casualty of the coronavirus crisis despite the financial might of parent IAG. The small...
