A family feud-fueled proxy fight in Korean Air’s parent firm Hanjin Kal escalated this week, as an activist fund offered to buy Delta Air’s $300 million Hanjin stake. Hanjin Kal shareholders will decide in a March 27...
Govt extends deadline to submit bids for Air India sale till April 30
The government on Friday extended the deadline for submitting bids for buying 100 per cent stake in Air India till April 30. The deadline was originally set at March 17. The government had allowed access to the “virtual...
Italy to take full control of Alitalia as virus hits sale plan – report
The Italian government is close to taking full control of Alitalia, as the coronavirus outbreak in Europe was forcing it to abandon plans to find a buyer for the ailing national carrier, daily Il Messaggero said on...
France not yet considering capital injection for Air France-KLM – official
The French government is not at this stage considering a capital injection for Air France-KLM to help it weather falling revenues due to the impact of the coronavirus on its business, a French finance ministry official...
EU clears UTC purchase of Raytheon, subject to conditions
The European Union has cleared United Technologies Corporation’s (UTC) planned acquisition of Raytheon, subject to conditions, the European Commission said on Friday. UTC agreed in June to combine its aerospace business...
Air India disinvestment process going on extremely well: Hardeep Singh Puri
The disinvestment process for Air India is going on “extremely well”, Civil Aviation Minister Hardeep Singh Puri said on Friday. On January 27, the government came out with a Preliminary Information...
IBS joins hands with Japan Airlines
IBS Software has entered into a contract with Japan Airlines (JAL) for the implementation of iCargo, a comprehensive cargo sales, inventory and reservations system that manages air cargo operations and movement globally...
Alitalia administrator invites bids for whole airline or parts by March 18
Investors interested in buying Alitalia are invited to submit expressions of interest for the loss-making Italian airline by midnight on March 18, a document prepared by a state-appointed temporary administrator showed...
Govt permits NRIs to own up to 100% stake in Air India
The cabinet allowed non-resident Indians (NRIs) to acquire up to 100% of state-owned Air India and approved 72 changes to the companies law, paving the way for direct overseas listing and decriminalising a host of...
Deloitte begins due diligence on Vistara’s proposed Air India bid
Deloitte has begun due diligence on the proposed bid for Air India by the Tata Group’s airline company Vistara, a group official told ET. Bids for the debt-laden national carrier are scheduled to close on March...
South Korea’s Jeju Air buys Eastar Jet at lower price amid virus outbreak
South Korean budget carrier Jeju Air Co Ltd said on Monday it would acquire a 51% stake in competitor Eastar Jet for 54.5 billion won ($45.49 million), a lower price than previously announced. The acquisition is the...
Tatas likely to take call on cash-strapped Air India bid this week
Tata Sons and Singapore Airlines are actively weighing the option to bid for Air India and a decision to submit an expression of interest (EoI) could be taken soon. Sources aware of the development said the board of...
