A Chinese antitrust regulator has approved Boeing Co’s deal to buy a controlling stake in the commercial jet division of Brazilian planemaker Embraer, according to a statement on the regulator’s website. The Boeing...
Virgin Atlantic expands partnership with TCS
IT services major Tata Consultancy Services (TCS) on Tuesday said its partnership with Virgin Atlantic, one of the UK’s leading airlines, has been expanded to create innovative customer experiences. The strategic...
Air India sale: Investor outreach on, meeting potential bidders, says Puri
Making forward movement on Air India disinvestment, the government is meeting potential investors to sell off almost its entire equity stake in the national carrier. “Currently, the investor outreach programme is...
Italian airline Alitalia’s rescue in doubt as Atlantia backtracks
Italian infrastructure group Atlantia said on Tuesday it was not ready to join a consortium led by Italian railway group Ferrovie dello Stato to rescue loss-making carrier Alitalia, casting a shadow on the entire...
SpiceJet in talks with Boeing to buy more Max planes in Dubai
Indian low-cost carrier SpiceJet Ltd. is in talks with Boeing Co. to buy more 737 Max aircraft to feed its expansion plans, a deal that could mark a Dubai Airshow coup for the grounded narrow-body. A sales lull for the...
Air India stake sale: Roadshow in Singapore this week to woo bidders
The government will start roadshows for privatisation of ailing state-run Air India this week in Singapore with Disinvestment Secretary T.K. Pandey along with senior aviation ministry and Air India officials to brief...
Interested in buying a stake in IndiGo, but not in Air India: Qatar Airways CEO
Qatar Airways has no interest in buying a stake in Air India, its CEO said on Thursday as the government plans roadshows in Singapore and London to entice investors for the Indian national carrier’s disinvestment...
Air India makes renewed bid to raise funds, puts 38 assets on the block
Debt-laden Air India Ltd is making a renewed bid to raise funds by auctioning about 38 real estate assets, including some it could not sell in previous auctions by lowering the reserve price of some of the properties...
Aircraft lessor Aircastle to be bought in $2.4 billion deal
Aircastle Ltd said on Wednesday Japan’s Marubeni Corp and Mizuho Leasing Co Ltd had offered to buy the aircraft lessor in a deal valued at $2.4 billion, ending a nearly two-week-long strategic review of its business...
BA parent IAG ups bet on Latin America with Air Europa takeover
IAG, the parent of British Airways and Spain’s Iberia, announced a 1 billion euro (£863 million) takeover of Spain’s Air Europa to boost its presence on routes to Latin America and the Caribbean. The deal follows a...
Air India invites bids from law firms to review business contracts, legal, labour issues
Flag carrier Air India is looking to hire a law firm for due diligence process for proposed disinvestment of its three businesses — Air India Ltd, Air India Express Ltd, and Air India SATS Airport Services Ltd. Air...
Delta might pull out of Alitalia bid consortium – newspaper
Delta Air Lines could pull out of a consortium looking to rescue Italy’s Alitalia as it is unwilling to enter a possible bidding war with Lufthansa, newspaper Il Corriere Della Sera reported on Sunday, citing two...
