The government is likely to consider selling Air India in such a way that the acquirer does not have to take on its working capital debt, thus halving the burden and making it a more attractive prospect, said people...
Air India’s arm raises Rs 7,000 cr from bond market to dilute debt burden
A special purpose vehicle of state-owned Air India has raised Rs 7,000 crore from the bond market, in a major exercise to clean up the balance sheet before privatisation. The bond was floated by Air India Asset Holdings...
Govt may go for 100% stake sale in Air India
The government is likely to go for 100 per cent stake sale in Air India, sources have told ET NOW. Air India Specific Alternative Mechanism (AISAM) will soon meet to finalise contours of expression of interest. The new...
Virgin Australia to buy rest of frequent flyer program for $480 million
Virgin Australia Holdings Ltd on Monday said it entered an agreement to buy back the 35% of its Velocity frequent flyer program that it does not already own for A$700 million ($481 million) from private-equity group...
Easyjet confirms interest in Aigle Azur’s Orly operations
British carrier easyJet has expressed an interest in collapsed airline Aigle Azur’s operations at Paris Orly airport, a spokesman said on Monday. The airline filed for bankruptcy and suspended flights last week, leaving...
Mumbai airport stake: Adanis move Bombay high court against GVK bid to stall its deal
The Adani Group has dragged the shareholders of the GVK Group-run Mumbai airport (MIAL) and the aviation ministry to the Bombay High Court, seeking a direction to them to allow buying out the minority stake held by...
Air China has no plans to take over Cathay Pacific: media report
Air China Ltd has no plans to take over Hong Kong’s Cathay Pacific Airways Ltd, an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. “Based on what I know, I wouldn’t...
AAI may bid for ACSA, Bidvest stakes in MIAL
Airports Authority of India (AAI) is said to be planning a surprise bid for the stake held by two overseas investors in Mumbai International Airport Ltd (MIAL), a top official of the state-owned company told ET. The...
NCLAT asks Jet Airways IRP to cooperate with Dutch Court Administrator
The National Company Law Appellate Tribunal (NCLAT) has directed the Resolution Professional of Jet Airways to cooperate with the Dutch Court Administrator, which is also conducting insolvency proceedings against the...
China’s top airlines to buy ARJ21 jets from COMAC
China’s three biggest state-owned airlines on Friday announced deals to each purchase 35 ARJ21-700 regional jets from state planemaker Commercial Aircraft Corporation of China (COMAC). Air China, China Southern Airlines...
People from world over are interested in buying Air India: Aviation Minister
Aviation Minister Hardeep Singh Puri said on Thursday that people are very interested in acquiring national carrier Air India and he has been receiving calls from all over the world in this regard. He also said it was...
Apollo Global, Athene to buy GE Capital’s aircraft lending unit
Apollo Global Management and Athene Holding said on Thursday they would buy PK AirFinance, an aircraft lending business that is a part of GE Capital’s aviation services unit for an undisclosed amount. Private equity...
