The Canadian Transportation Agency said on Tuesday Onex Corp will need to amend its by-laws to meet the country’s ownership rules related to its proposed C$3.5 billion buyout deal of Canada’s second-largest carrier...
Disinvestment-bound Air India’s loss soars to a record
Air India Ltd plunged to a record net loss underscoring an intensely competitive domestic aviation market and adding strength to calls for privatizing the national carrier. The New Delhi-based carrier posted a...
Norwegian Air sells Argentinian subsidiary to JetSMART
Loss-making budget airline Norwegian Air has sold subsidiary Norwegian Air Argentina (NAA) for an undisclosed sum, with JetSMART Airlines taking control with immediate effect. Norwegian’s Argentina operation launched...
Brazilian investor group Abradin files complaint against Embraer-Boeing deal
A Brazilian group representing minority investors filed a complaint on Tuesday with Brazil’s antitrust watchdog CADE against the Embraer-Boeing deal. The head of the Abradin group, Aurelio Valporto, said it asked for an...
Will Zurich’s bid for Jewar airport challenge IGIA’s monopoly?
Flughafen Zurich winning the bid for the proposed Jewar airport in Uttar Pradesh is likely to bring a paradigm change to India’s airport sector, threatening monopolies for the first time, said sector experts. If the...
China’s HNA Group in deal to restructure its low cost carrier West Air
Chinese conglomerate HNA Group signed agreement to restructure its low cost carrier West Air with Chongqing-based asset management firm, it said on Monday. Chongqing Yufu Asset Management Group and its affiliates will...
Govt treads cautiously as it prepares blueprint for Air India divestment
The government is proceeding with utmost caution before putting Air India on the block, after potential buyers baulked at its first attempt to divest a majority stake in the national carrier last year. “We will release...
Sufficient interest for Air India, says DIPAM secretary
As the Centre gears up to invite fresh expressions of interest (EoIs) soon for the sale of its entire stake in debt-ridden Air India, the DIPAM (Department of Investment and Public Asset Management) secretary Tuhin...
Jet creditors seek 90-day extension in insolvency resolution process
The committee of creditors (CoC) of the beleaguered Jet Airways has decided to file an application before the National Company Law Tribunal (NCLT) for extending the corporate insolvency resolution process (CIRP) of the...
Once bitten, twice prepared: Air India sale needs better scheduling
After the faux pas with the Air India sale process last year, the government is making its second, and final, attempt to find a buyer. Civil aviation minister Hardeep Singh Puri told Parliament on Wednesday: “The...
HAL bids again for chopper project ‘reserved’ for private companies
In a last ditch effort to make an entry into a Rs 21,000 crore project to manufacture naval helicopters, state-owned Hindustan Aeronautics Ltd (HAL) has written to the defence ministry requesting that its bid also be...
Govt to divest 100% stake in Air India, says aviation minister Puri
The Centre has decided to divest its entire stake in Air India Ltd and its no-frill subsidiary Air India Express, a year after it failed to attract bids for a partial stake sale in the cash-strapped national carrier...
