SpiceJet Ltd. has received several proposals to buy into the company, but the Indian budget carrier is only willing to evaluate an offer if it’s strategic, its chairman and majority shareholder said. “SpiceJet has...
U.S. set to grant tentative approval to American, Qantas venture – sources
The U.S. Transportation Department is expected to provide tentative approval to a bid by American Airlines Group Inc and Qantas Airways Ltd to operate a joint venture, two people briefed on the matter said on Sunday...
Airbus close to deal to sell A330neo to Virgin Atlantic: sources
Europe’s Airbus is close to a deal to sell A330neo wide-body passenger jets to Virgin Atlantic, people familiar with the matter said on Sunday. The Britain-based airline has been evaluating the upgraded A330 model...
Wesco Aircraft explores options that include sale – sources
Wesco Aircraft Holdings Inc, a U.S. distributor of parts to the aviation and defence industries, is exploring options that include a sale of the company, people familiar with the matter said on Tuesday. Wesco is making...
Lenders set two-week deadline to revive Jet Airways
Lenders to Jet Airways (India) Ltd are expected to take a final decision on the fate of the grounded airline in the next two weeks as they hunt for a new domestic investor, before taking up the last option of a...
Air India disinvestment: Why the airline may now appeal more to investors
State-owned air carrier Air India, which has had little success in enthusing strategic investors so far, might now begin to appear attractive. Why? The reason is simple: Jet Airways, one of Air India’s key competitors...
Air India bid to sell prime real estate fails to take off
State-run Air India Ltd’s latest bid to sell its real estate assets has found few takers. The national carrier could sell less than 10 of the 56 properties that were put up for sale in April, according to two people...
A joint bid for Jet Airways could be complicated
With conventional solutions remaining elusive for the grounded Jet Airways, industry experts see a joint bid for the airline by strategic and financial investors as a viable option wherein risks can also be hedged...
Banks may hold 20% in Jet Airways to make Etihad-Hinduja deal fly
Banks might agree to acquire up to a 20 per cent stake in Jet Airways as the Hinduja group is not keen to exceed its shareholding beyond 30 per cent in the grounded airline, sources close to the development said a day...
Joint bid for Jet Airways innovative but complicated: Experts
With conventional solutions remaining elusive for the grounded Jet AirwaysNSE 0.98 %, industry experts see a joint bid for the airline by strategic and financial investors as a viable option wherein risks can also be...
Pawan Hans sale: Govt to issue fresh bid document, to indemnify buyers of contingent liability
After a botched attempt for sale of Pawan Hans, the government is likely to issue a fresh bid document by the end of this month and provide indemnity to the potential buyers against contingent liability of about Rs 500...
Hindujas get backing of Etihad, Naresh Goyal to board Jet Airways
The Hinduja Group will start the process of bidding for Jet Airways NSE 3.50 % this week, having obtained the assent of key stakeholders in the grounded airline including founder Naresh Goyal and Etihad Airways...
