Condor, the airline that used to belong to Thomas Cook, has attracted interest from buyout groups Apollo and Greybull as well as Polish carrier LOT, which are expected to submit final bids next week, a person close to...
Synergy, Delhi-based firm show interest in Jet Airways
South America’s Synergy Group and an Indian asset reconstruction company are said to have submitted initial bids for investing in bankrupt carrier Jet Airways. Indian conglomerate Hinduja Group stayed away from the...
Brazil airline Azul to acquire regional carrier Two Flex
Brazil’s third-largest airline, Azul SA , said on Tuesday it will buy regional carrier Two Flex for 123 million reais ($30 million), as it aims to expand its presence at Sao Paulo’s hotly disputed domestic airport. Two...
Air India sale ready to take off: GoM okays EoI, share purchase agreement
A group of ministers (GoM) on Tuesday finalised the sale of the entire government stake in state-owned Air India (AI). The alternative mechanism for AI, led by Home Minister Amit Shah, approved the Expression of...
NCLT warns Jet Airways CoC of contempt proceedings
The NCLT on Wednesday warned Jet Airways CoC of contempt proceedings if they do not release interim funds to the resolution professional by January 20 for completion of insolvency proceedings. “We again reiterate...
Govt approves divestment of Air India; EoI to be out by this month
The government today approved the proposal to divest stake in Air India and the Expression of Interest (EoI) document will be issued this month. The Amit Shah-led committee, which met today, approved all proposals on...
France to retain its 10% stake in Toulouse airport: Finance Minister
France will retain its 10% stake in Toulouse-Blagnac airport in the south of France, French Finance Minister Bruno Le Maire said on Tuesday. “I can confirm that the State, at the request of local authorities that I have...
Synergy Group submits fresh EOI for Jet Airways
Synergy Group, a South American conglomerate that owns majority shares in airlines including Colombian carrier Avianca Holdings, has submitted a fresh expression of interest for investing in bankrupt carrier Jet...
Jet Airways lenders give time till January 15 for submission of EoIs
Lenders to the beleaguered Jet Airways have extended the deadline for submitting fresh expressions of interest (EoIs) to January 15 amid reports of Hinduja Group showing interest in investing, sources privy to the...
Hinduja, Synergy, Dubai fund may bid for Jet Airways
London-based Hinduja Group, South America’s Synergy Group and a Dubai-based fund are the three potential bidders for bankrupt Jet Airways (India) Ltd, two people with direct knowledge of the matter said. Lenders to Jet...
IndiGo, Etihad show interest in boarding Air India
IndiGo, India’s largest airline by market share, and Abu Dhabi-based Etihad Airways have met government officials and evinced interest in ailing national carrier Air India, a senior government official told ET...
Billionaire Hinduja brothers set to bid for Jet Airways by Jan 15: Report
The Hinduja Group is preparing a bid to buy grounded carrier Jet Airways India Ltd., according to people familiar with the matter. The U.K.-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to...
