The lenders of Jet Airways have received only three EoIs for sale of the grounded airline’s stake, with equity partner Etihad Airways not submitting bid on the last day of the extended bidding process on Saturday...
Air Canada raises Transat purchase offer to C$720 million
Canada’s largest airline Air Canada has raised the value of its offer to buy Canadian tour operator Transat AT Inc to about C$720 million ($544.75 million), or C$18 per share, from its earlier offer of C$13 a share, the...
Jet Airways’ CoC gives nod to all resolutions
The committee of creditors (CoC) of Jet Airways (India) Ltd on Tuesday approved all resolutions on its agenda including the evaluation criteria for potential bidders of the grounded airline. Ashish Chhawchharia, the...
Air India may raise 7,000 crore in bond sale to repay existing loans
Air India is likely to raise ₹7,000 crore in a bond sale, the first in a series to repay a portion of the national carrier’s loans, said two people with direct knowledge of the matter. The bonds will be floated by Air...
U.S. gives tentative approval for expanded Delta, Air France, Virgin joint venture
U.S. Transportation Secretary Elaine Chao granted tentative approval on Friday for an expanded transatlantic joint venture made up of Delta Air Lines Inc, Air France KLM SA and Virgin Atlantic. The expanded joint...
Four potential bidders show early interest in troubled Jet Airways
As many as four potential bidders have evinced interest in Jet Airways (India) Ltd, a person with direct knowledge of the matter said, though talks for a potential bid are still in early stages. SBI Capital Markets...
BBA Aviation sells aircraft parts unit in $1.37 billion deal
BBA Aviation Plc (BBA.L) said on Tuesday it would sell its Ontic aircraft parts and services unit to private equity firm CVC Capital Partners in a $1.37 billion deal, as it focuses on its mainstay airport services...
Jet Airways’ landlord approaches NCLT to repossess building
The owner of Siroya House, the building that houses grounded Jet Airways’ headquarters in Mumbai, has approached the bankruptcy court, seeking a direction to the custodian of the airline’s assets to vacate the premises...
WestJet shareholders approve private equity buyout
Shareholders of WestJet Airlines (WJA.TO) on Tuesday voted in favor of its deal to be acquired by billionaire Gerry Schwartz’s private equity firm Onex Corp (ONEX.TO) for C$3.5 billion. More than 92.5% of the votes cast...
American Airlines-Qantas joint venture wins final approval from US DOT
US Department of Transportation (DOT) on Friday granted American Airlines Group and Qantas Airways final approval to operate a joint venture after a prior effort was rejected in 2016. The department last month had...
Jet Airways RP invites expressions of interest by August 3
The resolution professional (RP) of Jet Airways Saturday called for expressions of interest (EoIs) to sell the grounded airline’s meager assets by August 3. In an advertisement posted on the airline’s...
Air India freezes promotions, new recruitment amid stake sale preparations
Air India has stopped giving promotions for its employees and recruiting new personnel as the government prepares for the disinvestment of the debt-laden airline, an official said Sunday. The government is expected to...
