Lufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by the...
Dutch government’s 2019 purchase of Air France-KLM shares ‘irregular’: audit office
A 2019 move by the Dutch government to buy a 14% stake in Air France-KLM was not in accordance with the country’s laws, the Netherlands’ Court of Audit ruled on Wednesday. The government purchased the shares without...
Indigo Partners ties up with Oaktree for Virgin Australia bid: executive
Indigo Partners is teaming up with Oaktree Capital Management in its offer for Virgin Australia Holdings Ltd and will consider adding an Australian partner as the bidding process progresses, Indigo managing partner Bill...
Rahul Bhatia’s InterGlobe Enterprises bows out of Virgin Australia bid
IndiGo promoter Rahul Bhatia-controlled InterGlobe Enterprises Private Limited hasn’t made it to the final list of bidders for Virgin Australia Holdings Ltd. Bain Capital, BGH Capital, US-based private equity fund...
BGH, Bain, Indigo Partners, Cyrus Capital make Virgin Australia shortlist- source
Virgin Australia Holdings Ltd’s administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday. The...
Czech state could buy up to 100% of Smartwings airline group: ministers
The Czech government could buy up to 100% of airline operator Smartwings, the owner of Czech Airlines, or offer the national flag carrier state-guaranteed loans, Industry Minister Karel Havlicek said on Saturday. He...
InterGlobe serious bidder, but Virgin may go to an Australian owner: Experts
IndiGo co-owner InterGlobe Enterprises Friday confirmed it has shown interest to buy Virgin Australia, the 20-year old carrier that became one of the first serious casualties of the Covid-19 crisis by entering into...
Bain, Brookfield, InterGlobe & BGH among Virgin Australia bidders – sources
Virgin Australia Holdings Ltd is expected to receive as many as eight non-binding indicative offers from potential buyers on Friday, including Brookfield, Bain Capital and BGH Capital, five sources said. The offers for...
Airbus exploring restructuring plans, job cuts due to Covid-19: Report
Airbus is exploring restructuring plans involving the possibility of “deep” job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said, though no...
Jet Airways insolvency resolution professional seeks fresh bidding
Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline. This is the fourth time that EoI has been invited for Jet Airways, which was shuttered...
Jet Airways stake sale: Lenders to invite fresh expression of interest
Jet Airways lenders’ have decided to invite fresh expression of interest (EoI) for selling a stake in the bankrupt airline, sources said on Tuesday. The committee of creditors (CoC) of Jet is likely to come out with a...
Rahul Bhatia-owned InterGlobe Enterprises eyes failed Virgin Australia
InterGlobe Enterprises, the parent of the country’s largest airline IndiGo, has evinced interest in Virgin Australia, Australia’s second-largest aviation company. Virgin Australia entered bankruptcy administration two...
