Aircraft parts suppliers Hexcel Corp and Woodward Inc on Monday abandoned their planned $6.4 billion all-stock merger, the first major deal to fall through in an industry battered by coronavirus-led lockdowns around the...
Warren Buffett is cutting his airline stakes
Warren Buffett’s Berkshire Hathaway Inc. unloaded shares this week in Delta Air Lines Inc. and Southwest Airlines Co. as US carriers braced for an unprecedented collapse in travel demand because of the coronavirus...
Air France-KLM in talks on multibillion euro state-backed loan package
Air France-KLM is in talks with banks to receive up to 6 billion euros ($6.5 billion) in loans guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown, sources...
Government may further extend deadline to bid for Air India
The government is likely to extend the April 30 deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally, an official has said. This would be the second extension in the deadline...
KLM CEO says not working on Air France break-up
The chief executive of airline KLM said on Wednesday the Dutch company is not considering a break with its parent, Air France-KLM, as the company attempts to cope with the financial consequences of the coronavirus...
Deal to sell 49% in GMR Airports on track, says GMR Group
The GMR group today said that funding plan in its subsidiary – GMR Airports Ltd (GAL) – is on track despite the uncertain economic conditions, as its French partner has raised money through bonds to honour the payment...
HDFC Trustee Co picks 5.45% stake in SpiceJet
HDFC Trustee Company, a wholly owned subsidiary of HDFC, has bought 3.4 crore shares or 5.45% stake in low fare airline SpiceJet, said a person close to the development. HDFC Trustee Company Limited is the trustee to...
DPIIT notifies decision to permit NRIs to own up to 100% stake in Air India
The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a decision of the union cabinet to allow non-resident Indians (NRIs) to control up to 100 per cent stake in disinvestment-bound Air India...
Almaviva-led consortium interested in Alitalia
Italian information and communications technology group Almaviva said it has expressed interest, along with a group of other IT service companies, in struggling airline Alitalia. The loss-making carrier has been run by...
NCLT allows 90 days’ extension for Jet Airways insolvency process
The National Company Law Tribunal (NCLT) on Wednesday allowed 90 days’ extension for the corporate insolvency resolution process of Jet Airways. Jet Airways’ resolution professional had last week filed an...
Government needs to infuse Rs 3,000 crore in Air India as sale may get delayed: CAPA
The government’s plan to privatise flag carrier Air India will be further delayed and it will have to infuse up to Rs 3,000 crore to ensure continuity of operations till the sale process gets over, the Centre for...
Boeing-Embraer deal on knife-edge as markets tumble
Brazil has upheld proposals by Boeing Co to buy the jet making arm of Embraer, but plunging markets have raised urgent questions over the fate of the $4.2 billion (3.65 billion pounds) deal as aviation reels from the...
