Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said. Lufthansa has...
Tata Group, GIC and SSG to buy 44% in GMR Airports
GMR Infrastructure said a consortium comprising the Tata Group, an affiliate of Singapore sovereign wealth fund GIC and Hong Kong-based SSG Capital Management would invest Rs 8,000 crore ($1.16 billion) in its airports...
Cathay Pacific to buy budget airline HK Express from HNA for $628 million
Cathay Pacific Airways said on Wednesday it had agreed to buy Hong Kong Express Airways Ltd from cash-strapped Chinese conglomerate HNA Group for HK$4.93 billion ($628 million), giving it a foothold in the fast-growing...
Tata Group, SSG and GIC likely to acquire a stake in GMR airports
The Tata group is partnering with Singaporean state-run sovereign wealth fund GIC NSE 7.81 % and Hong Kong’s SSG Capital to buy close to a 40% stake in GMR Infra’s airports holding company, said two people in the know...
Italian government sounds out Fincantieri to invest in Alitalia: sources
Italy’s government has approached Fincantieri over the possibility of the state-controlled shipbuilder taking part in the rescue of flagship carrier Alitalia, two sources close to the matter said on Friday. One of the...
Deal or Exit? Etihad to take final call on Jet Airways on 31 March
The board of Etihad Airways PJSC will meet 31 March to take a final decision on whether the Abu Dhabi-based carrier should make fresh investment in Jet Airways (India) Ltd or exit the ailing airline, two people directly...
Naresh Goyal, his wife Anita Goyal to exit Jet Airways today
Jet AirwaysNSE 0.62 % founder and principal promoters Naresh Goyal, and his wife Anita Goyal will today step down from the board and leave the airline they founded nearly 25 years ago, ET Now learns exclusively from...
Jet Airways crisis: Banks ask Naresh Goyal to pledge his 51% stake
Bankers to Jet Airways are understood to have asked promoter Naresh Goyal to pledge his entire stake of 51% in the carrier to them as they consider throwing him a lifeline in the form of interim funding. Bankers...
Some local, foreign firms eye Malaysia Airlines, PM says
Malaysia has received interest from some local and foreign firms to buy national carrier Malaysia Airlines Bhd (MAB), Prime Minister Mahathir Mohamad said on Wednesday. Malaysia was still studying options for the...
Spirit Aero wins conditional EU okay for Asco buy
U.S. aircraft parts maker Spirit AeroSystems’ secured conditional EU approval on Wednesday to buy Asco Industries after agreeing to modify a joint venture which deals with Airbus to avoid the possibility of anti...
Etihad offers to sell its entire stake in Jet Airways to SBI
Etihad Airways PJSC has offered to sell its entire 24% stake in Jet Airways (India) Ltd to State Bank of India (SBI), a person with direct knowledge of the matter said, even as the government held an emergency meeting...
Naresh Goyal seeks more time to conclude Jet Airways resolution plan
Jet Airways Monday defaulted on payment to its debenture-holders–the third default since January–even as airline chairman Naresh Goyal assured the employee of a resolution in the immediate possible time, but...
