The NCLT has allowed Jet Airways to sell its premises in Bandra Kurla Complex (BKC) to settle Rs 360 crore dues of mortgage lender HDFC, clear overseas debt and cover corporate insolvency resolution process costs. Jet...
Czech-Hungarian joint venture buys military jet maker Aero Vodochody
Czech defence and security group Omnipol said on Thursday it had acquired domestic aircraft maker Aero Vodochody Aerospace in a joint venture with Hungarian businessman and former chief security adviser Andras Tombor...
Hyundai Development wants to renegotiate Asiana Airlines acquisition after debt surge
South Korea’s Hyundai Development Co said on Tuesday it wants new terms for its acquisition of Asiana Airlines after debt at the debt-ridden carrier increased by some $3.8 billion. The builder also called for state...
HNA’s Swissport says Belgium unit to file for bankruptcy
Swissport Belgium SA/NV, a loss-making unit of Swissport International AG which provides ground services at Brussels airport, will file for bankruptcy after attempts to turn around the business failed, Swissport said on...
Italy’s Piaggio Aerospace draws 19 international bidders
Italy’s Piaggio Aerospace, which filed for protection from creditors late in 2018, has drawn expressions of interest from 19 international bidders, the company said on Wednesday. “Bids came in a bit from all over the...
Boeing takes Embraer to arbitration over failed aviation deal
Boeing Co has taken former partner Embraer SA to arbitration over a failed $4.2 billion (3.4 billion pounds) deal, the Brazilian planemaker said in a securities filing on Monday night. So far, it has only been publicly...
Brazil’s Embraer draws foreign interest after Boeing rift – sources
Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80% of Embraer’s commercial unit...
Jet Airways receives fresh EoIs ahead of the deadline
The UK-based Kalrock Capital, Hyderabad-based Turbo Aviation, Alpha Airways and Canadian citizen Siva Rasiah are among the 11 investors who have submitted expressions of interest in the beleagured airline Jet Airways...
LATAM becomes largest airline to file for bankruptcy amid coronavirus
LATAM Airlines Group SA filed for U.S. bankruptcy protection on Tuesday, becoming the largest carrier to seek an emergency reorganization amid the coronavirus crisis. Latin America’s largest airline follows rival...
Cathay Pacific’s brand merger hits roadblock from China’s aviation regulator – sources
China’s aviation regulator may make it difficult for Hong Kong’s Cathay Pacific Airways Ltd to merge regional arm Cathay Dragon into its main brand because of infractions during last year’s pro-democracy protests, two...
Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada’s bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale...
USAerospace partners says still interested in Alitalia
Aviation service group USAerospace Partners said on Friday it was still interested in Alitalia and was open to join forces with the Italian government and other investors to restructure the loss-making carrier. The U.S...
