The government is confident of exceeding the divestment target for the fourth consecutive year, a senior finance ministry official said on Thursday, affirming that privatisation efforts will also be speeded up...
GMR Infra ties up with AirAsia arm to bid for Thai airport
GMR Infra has tied up with low-fare carrier Thai AirAsia as part of a consortium to bid for the $2 billion expansion project of the U-Tapao airport in Thailand, one of the cornerstones in the country’s plan to become an...
Pawan Hans divestment: Third extension in three months
The government has for the third time as many as months pushed the deadline for submission of expressions of interest (EoIs) for Pawan Hans to October 10. The earlier deadline for submitting the EoIs expired Thursday...
Delta buys $1.9 billion LATAM stake, snatching partner away from American Airlines
Delta Air Lines said on Thursday it would buy a 20% stake in LATAM Airlines Group for $1.9 billion, creating a major new airline partnership and ending the Chilean carrier’s ties with American Airlines. The surprise...
Adani moves HC to stop Bidvest from selling stake in Mumbai Int’l Airport
The Bombay High Court has allowed the lawyers of Adani Properties time to seek direction from the company about the next course of action. Adani Properties has approached the court to restrain Bidvest from selling its...
Government aims to sell Air India, other firms by March 2020, says official
India aims to sell two or three state-owned firms to local or foreign firms to raise up to 600 billion rupees ($8.5 billion) by March 2020, a senior Finance Ministry official said on Monday. The government planned to...
Boeing bid for Embraer unit faces EU antitrust probe – sources
Boeing is set to face an EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil’s Embraer, people familiar with the matter said on Monday. The deal...
Budget carrier XL Airways seeks rescue deal with Air France
French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week. XL Airways, which has said it needs 35 million...
Tanzania inks deal to buy two passenger planes from Airbus
Tanzania has signed a contract with Airbus for the European planemaker to supply two passenger jets for the country’s national airline to help expand its small fleet and extend its network of destinations, a government...
AAI opts out of race to buy shares from Bidvest, ACSA
Airports Authority of India has decided not to exercise its right to bu y shares from its partners Bidvest and Airports Company South Africa (ACSA). The two South African companies have been trying to sell their...
Amit Shah panel to meet again to finalise divestment of Air India
The Amit Shah-led committee, in its first meeting, did not take any decision on divestment of Air India and a second meeting will be held soon to take the issue of divestment forward. “First meeting took place. It was a...
Government open to selling part of Air India to foreign airline
India’s government is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday. The government has moved about Rs 30,000...
