The creditors of shuttered Jet Airways have decided to seek fresh initial bids for the airline. The Committee of Creditors (CoC) would seek fresh Expression of Interest (EoI), according to a regulatory filing on Monday...
Air India sale: Roadshows abroad get tepid response
Roadshows in Singapore and London, held to ascertain investor interest for the debt-laden national carrier Air India, received a lukewarm response from potential bidders, three top government officials aware of the...
Hinduja group still keen on buying Jet if protected from its legal liabilities
The Hinduja group is still open to acquiring defunct Jet Airways (India) Ltd if the conglomerate is indemnified from the airline’s legal liabilities. “The reason we took interest was because government authorities...
Government likely to invite EoI for stake sale in Air India, BPCL next month
The government is likely to invite preliminary bids for stake sale in national carrier Air India and BPCLNSE -0.44 % next month, according to sources. The airline is sitting on a debt pile of around Rs 58,000 crore...
NCLT allows more time to draw bids for grounded Jet Airways
The bankruptcy court has directed the lenders of Jet Airways to take a decision on allowing fresh expressions of interest (EoIs) for the sale of the grounded carrier. The direction from the Mumbai bench of the National...
Airline always look for opportunities worldwide, says Delta official on AI interest
American carrier Delta Air Lines on Thursday did not rule out the possibility of investing in Air India, saying it will “look at any opportunity” that fits its strategic plan. A senior official of the...
DGCA to NCLT: Will positively consider concrete biz plan for Jet Airways
The Aviation Ministry and Directorate General of Civil Aviation (DGCA) on Tuesday informed the National Company Law Tribunal (NCLT) that they will positively consider any concrete business plan for the grounded Jet...
Govt looks to move debt out of Air India balance sheet before stake sale
The government is looking to shift more debt from the balance sheet of disinvestment-bound Air India to asset holding company AIAHL to further sweeten the deal for prospective buyers, according to a senior airline...
South Korea’s Jeju Air to buy 51% stake in Eastar Jet for $59 million
South Korean budget airline Jeju Air Co Ltd signed a preliminary deal to buy a 51% stake in unlisted low-cost carrier Eastar Jet Co for about 69.5 billion won ($58.93 million), Jeju Air and its parent AK Holdings said...
Canada Jetlines enters into LOI with GLOBALX
Canada Jetlines Ltd (JET.V) said on Friday it has entered into a letter of intent (LOI) with U.S. based charter airline Global Crossing Airlines (GLOBALX) for a business combination. The combined entity will be named...
Disinvestment of Air India should improve competition within the aviation sector: IATA official
As the Indian government plans to invite bids for Air India during the next few months, a top official of global airlines body IATA said on Wednesday that the disinvestment of the national carrier should be done in a...
NCLT again seeks clarity on Jet slots from DGCA, ministry
The National Company Law Tribunal on Wednesday once again directed the regulator Directorate General of Civil Aviation (DGCA) and the aviation ministry to give clarity on the available Jet Airways slots. Airport slots...
