Tata Sons is looking to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, Air India CEO Campbell Wilson told employees on Monday. Wilson and Vistara CEO Vinod...
NCLT asks SpiceJet to file reply to Aircastle’s petition in 15 days
National Company Law Tribunal (NCLT) Tuesday directed carrier SpiceJet to submit its reply within 15 days to Aircastle (Ireland’s) Limited insolvency petition. The tribunal will now examine if the power of...
GMR Airports Infra to buy stake in WAISL for Rs 57 crore
GMR Airports Infrastructure on Tuesday announced acquiring an 8.4 per cent stake in WAISL, which provides digital infrastructure services at airports, as the company looks to strengthen its presence in airport-related...
Tatas to speed up Air India-Vistara merger
Tata Sons is rushing to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, people familiar with the matter said. They added that both the airlines have approached...
3 South Korean budget airlines still in race for Asiana cargo unit, sources say
Three South Korean low-cost carriers are currently in the race to buy Asiana Airlines’ cargo business, two people with knowledge of the matter said on Thursday. Among the carriers that participated in the first...
Jet Airways ownership transfer: SC agrees to hear lenders’ appeal against NCLT order
The Supreme Court on Monday agreed to hear the State Bank of India-led consortium of lenders’ appeal against the National Company Law Appellate Tribunal’s order that upheld the transfer of ownership of grounded...
Jet Airways’ lenders move SC against NCLAT decision to uphold resolution plan
The lenders of Jet Airways, led by State Bank of India, have challenged a National Company Law Appellate Tribunal’s (NCLAT) decision that upheld the resolution plan proposed by the Jalan-Kalrock consortium for the...
NCLT notice to SpiceJet on 3 insolvency pleas filed by lessors for arrears worth Rs 77 crore
The National Company Law Tribunal (NCLT) on Thursday issued a notice to SpiceJet Ltd, seeking the budget airline’s response to three insolvency petitions filed against it by aircraft lessors over ₹77 crore of...
NCLAT stays insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26
The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing. Earlier, the Bengaluru bench of...
Wilmington moves NCLAT in SpiceJet insolvency case
Wilmington Trust SP Services, Thursday, argued before the National Company Law Appellate Tribunal on Thursday to overturn the National Company Law Tribunal, Delhi’s January order dismissing its insolvency petition...
Adani Group keen to buy AAI’s stake in Mumbai airport: Report
The Adani Group is considering a bid to acquire the stake held by the Airports Authority of India (AAI) in the Mumbai International Airport, the Mint newspaper reported citing Karan Adani, managing director of Adani...
AI-Vistara merger: Singapore regulator’s nod to further help optimise airlines’ schedules, contracts
The final competition-related approval for Air India-Vistara merger coming in from the Singapore regulator will now allow both airlines to share detailed information to optimise their schedules and contracts, Air India...
