London-based investment firm Adi Partners on Wednesday formally placed its bid for the cash-starved Jet Airways, a day before the bid deadline ends. The company, which is led by Sanjay Viswanathan, former chief...
ED investigates Etihad Airways investment in Jet Privilege
The finance ministry’s Enforcement Directorate (ED) has begun an initial probe into Etihad Airways PJSC’s investment in Jet Privilege Pvt. Ltd (JPPL), the frequent-flyer programme of Jet Airways (India) Ltd. The...
UK entrepreneur says SBI allows him to bid for Jet Airways
British entrepreneur Jason Unsworth, who has evinced interest in investing in the now grounded Jet Airways, has claimed that the lenders’ consortium leader State Bank of India (SBI) has asked him to formally...
Italy’s government extends deadline for Alitalia bids to June 15
Italy’s deputy prime minister Luigi Di Maio extended a deadline to submit bids for the ailing carrier Alitalia to June 15, a government statement said on Friday. The decision followed a request from Italy’s state...
Indigo joins likely bidders for Thomas Cook airline: sources
Indigo Partners and Lufthansa are among the likely bidders for Thomas Cook’s airline business, with a deadline of May 7 set for expressions of interest, sources said. The heavily indebted British travel group put its...
Brazil airline Azul could bid for Avianca Brasil’s assets after all
Brazilian airline Azul SA has registered to participate in a bankruptcy auction for the assets of struggling carrier Avianca Brasil scheduled for next week, potentially walking back a previous decision not to...
Liabilities biggest hurdle to Jet Airways sale, says SBI
The top lender of ailing Jet Airways India Ltd said the burden of reversing the grounded carrier’s negative net worth before it can fly again is the biggest challenge for any potential investor. “Liabilities and losses...
Thomas Cook sets May 7 deadline for interest in airline business: sources
Thomas Cook has set a deadline of May 7 for expressions of interest in its airline business, with Indigo Partners and Lufthansa among the likely bidders, sources said. The heavily-indebted British travel group put its...
Jet Airways bidders show no expressions of interest
Bidders for Jet AirwaysNSE -17.31 % so far appear uninterested in following up on their expressions of interest, dealing a major blow to the early revival of the airline. With just ten days to go for final submission of...
Merge Jet Airways with Air India: Subramanian Swamy
BJP leader Subramanian Swamy has written to civil aviation minister Suresh Prabhu asking him to recommend the cabinet to merge Jet Airways (India) Ltd, which has currently grounded its operations due to lack of funds...
Jet Airways stake sale process may hit SOEC hurdle
The stake sale process for the grounded Jet Airways could hit the “substantial ownership and effective control” clause of the official civil aviation rules (CAR) and cast a shadow on public sector...
When will Jet Airways fly again? Lenders waits for buyers as rivals muscle in
A revival of Jet Airways India Ltd., once the nation’s biggest carrier by market value, is at risk as days roll by since its operations were completely halted. While the cash-strapped carrier awaits potential investors...
