The committee of creditors (CoC) of Jet Airways is voting electronically on a clutch of resolutions as part of the corporate insolvency resolution process (CIRP). The window for e-voting under the Insolvency and...
American Airlines-Qantas joint venture wins final U.S. approval
The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc (AAL.O) and Qantas Airways Ltd (QAN.AX) final approval to operate a joint venture after a prior effort was rejected in 2016. The...
Government to invite expressions of interest for Air India by August
India is considering inviting expressions of interest to sell Air India Ltd by the end of next month as the government aims to complete the transaction this year, people with knowledge of the matter said. The government...
Lenders plan to call bids for Jet Airways’ asset sale by Saturday
The lenders to the bankrupt Jet Airways, who met here Tuesday for the first time since the carrier was sent to the NCLT, are understood to have decided to call for expressions of interest to sell the meager assets of...
Rakesh Gangwal won’t sell IndiGo stake in feud with Rahul Bhatia
Rakesh Gangwal, the co-founder of IndiGo, said he won’t sell his shareholding in India’s largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia. “I am here for the long haul,” Gangwal, who...
PSP Investments ties up with ADIA-NIIF to invest in GVK Airport Holdings Ltd
Canada’s Public Sector Pension Investment Board (PSP Investments) is joining forces with the Abu Dhabi Investment Authority-National Investment and Infrastructure Fund consortium to buy 49% of GVK Airport Holdings Ltd...
Government invites fresh bids to sell Pawan Hans
After previous unsuccessful attempts to sell the country’s biggest public sector helicopter operator, Pawan Hans Ltd (PHL), the government on Thursday invited fresh bids for offloading its stake in the company...
Government committed to disinvestment of Air India: Hardeep Singh Puri
The government is committed to disinvestment of Air India but wants the national carrier to remain in Indian hands, Lok Sabha was informed on Thursday. Responding to a series of supplementaries during Question Hour...
How Air India sale can spur govt’s divestment agenda
The government plans to sell Air India to a strategic investor this fiscal. Such a sale of a state-owned unlisted company could give a fillip to the government’s divestment programme and spur stock markets in India...
Govt likely to set October deadline for cash-strapped Air India sale
The build-up to Air India privatisation has taken off in full swing with the Union Budget announcing it as the centrepiece of divestment this year. The government is targeting October as the deadline for announcing the...
Centre open to 100% stake sale in Air India
The government may be willing to completely exit loss-making Air India during the sell-off process, although a final decision will be taken by a panel of ministers, a top official indicated on Saturday. “A general...
NCLT to next hear Jet Airways case on 23 July
The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday said that it will hear the insolvency case against Jet Airways (India) Ltd. and next progress report by the insolvency resolution professional...
