Acting quickly on the government’s second attempt to sell the financially-crippled national carrier Air India, its chief Ashwani Lohani has called a meeting of all the 13 unions Monday to discuss the terms of...
Cabinet nods leasing of Ahmedabad, Lucknow, Mangaluru airports to Adani Enterprises
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal for leasing out airports at Ahmedabad, Lucknow and Mangaluru to Adani Enterprises Ltd. “Adani Enterprises Ltd has won...
Air India Assets plans ₹22,000 crore bond sale to refinance debt
Air India Assets Holding Ltd., a special purpose vehicle that holds part of the state-owned carrier’s debt and assets, is planning its first rupee-denominated bond sale to refinance some debt of the airline. Air India...
Delhi High Court dismisses GVK plea to stop stake sale in Mumbai Airport
The Delhi High Court on Monday dismissed a petition moved by GVK Airport Holdings, a step-down subsidiary of GVK Power & Infrastructure, to stop Bid Services Division (Mauritius), an arm of Bidvest, from selling its...
With Jet in NCLT hangar, assets on Tata radar
The Tata Group plans to bid for some assets of Jet AirwaysNSE 4.94 % as it undergoes bankruptcy resolution, said people with knowledge of the matter. It had told bankers as much when they sought to interest the group in...
Jet Airways Employee Consortium, AdiGroup to bid for 75 per cent of airline
In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airline through the NCLT process, members of the consortium said. The debt...
Transat accepts Air Canada’s buyout offer, deal needs shareholder approval
Air Canada said on Thursday that Canadian tour operator Transat AT Inc accepted its all-cash bid of C$520 million ($396 million), but some Transat shareholders want more and must approve the transaction. Montreal-based...
Uncertainty hangs over ADP sale as Macron faces delicate decisions
Bankers are telling potential buyers of the French state’s majority holding in airports operator ADP that there is little clarity on the timing or size of the sale, underscoring how risky the transaction has become for...
Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi
Bombardier Inc said it will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker’s exit from...
Jet Airways creditors asked to submit claims by July 4
The resolution professional for Jet Airways, which was admitted to the NCLT last week for bankruptcy, has invited claims from all creditors to the grounded airline. The airline owes over Rs 8,500 crore to a consortium...
Resolution Professional meets Jet Airways management, fast tracks process
The insolvency resolution professional appointed by India’s bankruptcy court for Jet Airways has put the grounded airline’s resolution process on fast track, said two people in the know, following the court’s tight...
NCLT admits Jet Airways for bankruptcy, sets 90 days for resolution
The National Company Law Tribunal (NCLT) Thursday admitted the insolvency petition filed by the lenders’ consortium led by State Bank against Jet Airways. The tribunal has also appointed Ashish Chhauchharia of...
