Russian government-backed Far East Development Fund has shown a preliminary interest in buying bankrupt Indian carrier Jet Airways, a person in the know has said. “They submitted some documents just last week,” said the...
Jet Airways COC extends deadline for submitting resolution to March 9
The Jet Airways’Committee of Creditors on Tuesday extended the date for submitting a resolution plan to March 9 after Russia-based Far East Development Fund submitted an expression of interest (EoI). The meeting...
This time there would be no problem in Air India disinvestment: Hardeep Singh Puri
Air India’s disinvestment will not face any problems this time as the interest shown by prospective buyers has been reassuring, Aviation Minister Hardeep Singh Puri said on Monday. He said the government wants Air...
Prudent ARC seeks 4 more weeks to submit plan on Jet Airways resolution
The two suitors showing interest in the grounded Jet Airways failed to submit a resolution plan as the deadline for bid submission closed on Monday. One of the suitors, New Delhi-based Prudent ARC, has sought additional...
JetLite staff moves NCLT to be part of Jet’s insolvency resolution
The employees of JetLite, a subsidiary of Jet Airways, have moved the dedicated bankruptcy court to be part of the corporate insolvency resolution process of the defunct carrier. On Friday, the employees approached the...
Air India sale expected in first half of next fiscal: DIPAM Secretary Tuhin Kanta Pandey
The government expects to complete sale of national carrier Air India in the first half of the next fiscal, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Friday...
Airbus, Quebec to buy out Bombardier’s A220 stake
Airbus has teamed up with the Quebec government to buy Bombardier’s 33.5% stake in the A220 passenger jet programme, completing the Canadian firm’s exit from civil aviation and boosting Airbus’s position in a new...
Prosecutors challenge antitrust approval of Boeing-Embraer tie-up
Brazilian prosecutors have filed an appeal with antitrust agency Cade asking the regulator to reconsider its approval of a deal selling control of Embraer SA’s commercial aviation division to Boeing Co, according to...
Airbus likely to acquire Bombardier’s remaining stake in A220 passenger jet – sources
Europe’s Airbus SE is likely to acquire Canadian plane and train maker Bombardier Inc’s remaining stake in the A220 passenger jet program, two industry sources said. A deal for Airbus to buy the 33.58% share in the...
Air India stake sale: It’s too early to take a call, says Tata Sons chief
Tata Sons Chairman N Chandrasekaran said on Wednesday it is “too early” to take a call on Air India, in which the government has decided to sell its entire 100 per cent stake. “It is too...
Qatar Airways swoops for RwandAir stake and eyes bigger LATAM holding
Qatar Airways is in talks to buy a 49% stake in Africa’s RwandAir and is interested in doubling its holding in LATAM Airlines Group to 20%, its chief executive said on Wednesday. A stake in an African airline would...
Air India cancels divestment of its ground-handling arm
As the government proceeds towards its plan to divest stake in Air India, it has cancelled the proposed divestment of Air India Transport Services Limited (AIATSL), the profitmaking ground-handling subsidiary. Sources...
