Air India Assets Holding Ltd, a special purpose vehicle created by the government to park about half of the airline’s debt, plans to raise about ₹8,064 crore through a government-guaranteed bond issue this week, said a...
South African Airways in talks with potential partners
South Africa’s embattled state-owned airline is open to outside investment and in talks with a number of potential partners, President Cyril Ramaphosa said on Monday. The economy of the African continent’s most...
Airbus Helicopters hopes Centre will resolve Pawan Hans disinvestment situation ‘very quickly’
Airbus Helicopters hopes the central government will resolve the situation regarding the disinvestment of Pawan Hans Limited “very quickly” so that the national helicopter company can move ahead on its fleet...
Jet Airways’ RP hints at giving more time to South American bidder Synergy
The resolution professional of Jet Airways on Wednesday said South American company the sole interested party in the grounded airline, is likely to get an extension to submit the bid. Synergy Aerospace is still doing...
Govt to invite bids for Air India privatization
The government will soon invite bids to sell its entire stake in Air India, after potential buyers balked at an initial attempt to divest a partial stake in the national carrier. “The expression of interest document for...
Airline bankruptcies surge, leaving rivals vying for planes
Airline bankruptcies have increased this year at the fastest ever rate, led by the collapse of India’s Jet Airways, British travel group Thomas Cook and Avianca of Brazil, according to industry data published on Friday...
EU antitrust regulators to probe Boeing, Embraer deal
EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices. The European...
Air India divestment: SPA to be shared with bidders at EoI stage
Taking lessons from last year’s failed attempt to privatise Air India, the government has, this time round, decided to share the actual “sale and purchase agreement (SPA)” privately with prospective bidders at the EoI...
AAI seeks solicitor general opinion for Tata Group’s bid for GAL stake
The Airports Authority of India (AAI) has sought the opinion of the Solicitor General of India on the legality of Tata Group’s plans to acquire a majority stake in GMR Airports Limited (GAL), which along with...
Spirit AeroSystems emerges as front-runner for Bombardier’s Belfast, Morocco plants: sources
Spirit AeroSystems Holdings Inc has emerged as the front-runner to acquire Bombardier Inc’s aerostructures facilities in Belfast and Morocco, two sources familiar with the matter told Reuters. A deal for the plants...
CCI approves Tata Group’s plans to acquire stake in GAL
The Competition Commission of India (CCI) has approved an arm of Tata Group, and its two overseas partners to acquire a majority stake in GMR Airports Limited (GAL), the ministry of corporate affairs said in a statement...
Delta to buy 20% of LATAM for $1.9 billion in regional shake-up
Delta Air Lines on Thursday announced a deal to buy a 20% stake in LATAM Airlines Group for $1.9 billion, creating a major new airline partnership and shaking up the Chilean carrier’s longtime ties with American...
