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...
Aviation
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...
Lufthansa closes in on $10 billion state rescue deal
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...
