Boeing agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the U.S. planemaker hopes will help ease a spiralling safety...
Qatar Airways looking to buy up to 20% stake in Virgin Australia, AFR reports
Qatar Airways is in talks to buy up to a 20% stake in Bain Capital-owned Virgin Australia, the Australian Financial Review (AFR) reported on Wednesday, as carriers fight for more market share in the country against...
Boeing offers to buy Spirit Aero for $35/shr, Bloomberg News reports
Boeing has offered to acquire Spirit AeroSystems in a deal funded mostly by stock that values its 737 fuselage supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter...
NCLT to hear insolvency plea filed by Engine Lease Finance against SpiceJet on August 2
The National Company Law Tribunal (NCLT) has issued a notice to SpiceJet over an insolvency plea filed by Engine Lease Finance BV, an aircraft engine lessor of the debt-ridden air carrier. The single-member NCLT bench...
Go First granted 60-day extension by NCLT to complete insolvency proceedings
Bankrupt airline Go First has received an additional 60-day window from the National Company Law Tribunal to complete its insolvency proceedings. The NCLT on April 8 extended the deadline to complete Go First’s...
Indian airline IndiGo’s top shareholder to sell 2% stake, worth $394 mln
IndiGo airline’s biggest shareholder will sell a 2% stake worth $394 million in the low-cost Indian carrier on Tuesday, per a term sheet seen by Reuters, marking its first such sale in at least four years during...
Air India – Vistara merger gets NCLT nod
The National Court Law Tribunal (NCLT) has approved the merger of Air India & final. ET has seen a copy of the order. The merger will make Air India Group India’s largest international carrier, connecting five of...
French jet engine maker Safran gets Italy’s clearance to buy Microtecnica
French jet engine maker and defence company Safran said on Thursday it had received clearance from Italy to buy Microtecnica, the company which holds Collins Aerospace’s flight control assets in the country. Italy...
Engine Lease Finance moves insolvency plea against SpiceJet
Engine Lease Finance BV, an aircraft engine lessor of SpiceJet, has moved an insolvency plea before the NCLT against the debt-ridden air carrier over non-payment of over USD 12 million (around Rs 100 crore). Engine...
Amid merger speculation, Brazilian airline Gol parent talks with Azul
The parent company of Brazilian airline Gol has started talks with rival Azul to “explore opportunities,” both airlines said on Monday, following media reports earlier this year that pointed to a potential...
FA Airlines to buy regional airline FlyBig
Mumbai-based FA Airlines is set to acquire regional carrier FlyBig, according to sources. FlyBig has four planes in its fleet. Incorporated in 2022, FA Airlines is focused on the aviation sector. The sources said an...
AI-Vistara merger will strengthen presence in India: Singapore Airlines
Singapore Airlines Group on Wednesday said the proposed Air India and Vistara merger, which is awaiting foreign direct investment and other approvals, will strengthen its multi-hub strategy as well as allow it to...
