The airline which was grounded in April last year, owes more than Rs 8,000 crore to banks, with those from the public sector having significant exposure. Mumbai: Defunct airline Jet Airways’ Committee of Creditors...
Jet Air creditors to ask court to extend liquidation deadline
Creditors of Jet Airways India Ltd. are seeking court action to save the bankrupt carrier from liquidation as a key deadline looms. Lenders to Mumbai-based Jet Airways plan to request an Indian court extend a mid-March...
GMR receives ₹5,248 crore from Groupe ADP
GMR Infrastructure on Wednesday said it has received ₹5,248 crore from Groupe ADP as part of a deal wherein the French major is buying 49 per cent stake in the domestic group’s airport business. On February 21, it...
Lufthansa and United weigh takeover of Portugal’s TAP: Sueddeutsche
Lufthansa and United Airlines are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday. Sueddeutsche Zeitung, citing unidentified corporate sources, said talks were not close to a...
Govt may extend deadline to bid for Air India
The government is likely to extend the March 17 deadline for submitting bids to buy 100 per cent stake in Air India and the Home Minister led inter-ministerial panel will later this week decide on the new date...
Bidders get till March 6 to pose queries on Air India stake sale
The government has extended the time till March 6 for bidders to pose additional queries regarding sale of its 100% stake in Air India. The government has issued the first set of clarification on Air India disinvestment...
Adani Group considers bidding for Air India: Report
With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said. According to highly placed sources...
Korean Air parent Hanjin says Delta increased stake in it to 11%
Hanjin Kal, the parent company of South Korean flag carrier Korean Air, said on Monday that Delta Air Lines has raised its stake in the company. Delta and Korean Air have a partnership on routes and networks. Delta...
IndiGo in talks with Jetstar, Qantas for codeshare partnership
IndiGo is in talks with Sydney-based Qantas Airways and its wholly-owned subsidiary Jetstar Airways on codeshare agreements, which allows an airline to sell other airline’s seats, officials said. Currently, IndiGo...
CCI okays GMR’s 49% stake sale in airport business to France’s Groupe ADP
Competition Commission of India has given approval for GMR group’s proposed 49 per cent stake sale in its airport business to France’s Groupe ADP. The regulator’s clearance is through the green...
France’s Groupe ADP to buy 49% stake in GMR Airports for Rs 10,780 crore
The GMR Group on Thursday struck a deal to sell a large minority stake in its airport business to France’s Groupe ADP, while saying that it has called off a stake-sale agreement signed last year with a Tata Group led...
Qatar Airways spends $600 million to lift stake in BA owner to 25%
Qatar Airways has bought a $600 million stake in British Airways owner IAG to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management. In an endorsement of the Anglo-Spanish group...
