Three South Korean low-cost carriers are currently in the race to buy Asiana Airlines’ cargo business, two people with knowledge of the matter said on Thursday. Among the carriers that participated in the first...
Jet Airways ownership transfer: SC agrees to hear lenders’ appeal against NCLT order
The Supreme Court on Monday agreed to hear the State Bank of India-led consortium of lenders’ appeal against the National Company Law Appellate Tribunal’s order that upheld the transfer of ownership of grounded...
Jet Airways’ lenders move SC against NCLAT decision to uphold resolution plan
The lenders of Jet Airways, led by State Bank of India, have challenged a National Company Law Appellate Tribunal’s (NCLAT) decision that upheld the resolution plan proposed by the Jalan-Kalrock consortium for the...
NCLT notice to SpiceJet on 3 insolvency pleas filed by lessors for arrears worth Rs 77 crore
The National Company Law Tribunal (NCLT) on Thursday issued a notice to SpiceJet Ltd, seeking the budget airline’s response to three insolvency petitions filed against it by aircraft lessors over ₹77 crore of...
NCLAT stays insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing. Earlier, the Bengaluru bench of...
Wilmington moves NCLAT in SpiceJet insolvency case
Wilmington Trust SP Services, Thursday, argued before the National Company Law Appellate Tribunal on Thursday to overturn the National Company Law Tribunal, Delhi’s January order dismissing its insolvency petition...
Adani Group keen to buy AAI’s stake in Mumbai airport: Report
The Adani Group is considering a bid to acquire the stake held by the Airports Authority of India (AAI) in the Mumbai International Airport, the Mint newspaper reported citing Karan Adani, managing director of Adani...
AI-Vistara merger: Singapore regulator’s nod to further help optimise airlines’ schedules, contracts
The final competition-related approval for Air India-Vistara merger coming in from the Singapore regulator will now allow both airlines to share detailed information to optimise their schedules and contracts, Air India...
IndiGo co-founder Rakesh Gangwal to sell 3.3% stake in InterGlobe Aviation
IndiGo co-founder Rakesh Gangwal plans to sell up to 12.75 million shares, or 3.3% of his stake in InterGlobe Aviation Ltd, through a block deal, according to a term sheet reviewed by Mint. The sale, estimated to be...
Air India-Vistara merger gets Singapore’s conditional approval
Singapore’s competition watchdog said on Tuesday it has approved the merger between Tata Group-owned Air India and sister airline Vistara, a joint venture between Tata and Singapore Airlines, subject to certain...
JetBlue, Spirit Airlines call off $3.8 bln merger on antitrust hurdle
JetBlue Airways and Spirit Airlines scrapped their $3.8-billion merger agreement on Monday, with the low-cost carriers saying there was no path forward after a U.S. judge blocked the deal in January on anti-competition...
Boeing in discussions to buy supplier Spirit AeroSystems
Boeing is in talks to buy its struggling former subsidiary Spirit AeroSystems, as both companies try to solve persistent quality problems and contain costs related to 737 MAX production, an industry source familiar with...
