More investments with strict riders have been planned to make Air India financially attractive before starting any new round of divestment, Union Minister Suresh Prabhu has said. As per the plan, Air India would be...
Naresh Goyal seeks Rs 750 crore from Etihad to keep Jet Airways flying
Jet Airways Founder-Chairman Naresh Goyal, in communication to Etihad group Chief Executive Officer Tony Douglas, has said the airline is in a “precarious” position, with more than 50 planes grounded. Goyal has sought...
Lufthansa to be active in consolidation, no comment on Condor: CEO
Lufthansa will be an active player in consolidation among European airlines, Chief Executive Carsten Spohr said on Wednesday, declining to comment on whether the German airline group was interested in Thomas Cook’s...
Thai AirAsia owner says it will not buy shares in rival Nok Air
Asia Aviation, majority shareholder of budget airline Thai AirAsia, said on Wednesday that it would not proceed with an acquisition of shares in rival carrier Nok Airlines, sending Nok’s shares down. Nok’s shares fell...
Cathay Pacific in talks to buy stake in HNA’s HK Express Airways
Hong Kong flagship carrier Cathay Pacific Airways Ltd said on Tuesday it is in “active discussions” about an acquisition involving Hong Kong Express Airways Ltd, although an agreement has yet to be reached. The airline...
Pawan Hans’ bidders to submit offers by March 6 for govt, ONGC’s stake
Shortlisted bidders of Pawan Hans have time till March 6 to submit their financial bids for the government and ONGC’s stake in the helicopter service provider, an official said. Separately, the transaction...
Cloud over Etihad’s Jet Airways open offer plan as Sebi tightens open offer norm
The Securities and Exchange Board of India (Sebi) on Friday tightened the takeover code and Issue of Capital and Disclosure Requirements (ICDR) for exemption from open offers, a decision that corporate lawyers said...
Embraer shareholders OK sale of commercial jet division to Boeing
Shareholders of Brazil’s Embraer SA approved a deal on Tuesday to sell 80 percent of the company’s commercial plane division to Boeing Co, enabling Boeing to compete with Airbus SE in the market for jets with up to 150...
Dutch take stake in Air France-KLM to counter French influence
The Dutch government will take a stake in Air France-KLM equal to that of the French government in order to increase its influence in the carrier’s operations, a move that took the French by surprise. The investment...
Norwegian Air sets big discount for share sale
Norwegian Air will sell new shares at just a third of the current market price when the loss-making airline seeks to raise money from its owners in the next few weeks, it said on Monday. Norwegian Air said on Jan. 29 it...
Why Jet Airways is selling a majority stake for Re 1
Debt-ravaged Jet Airways India Ltd., the country’s biggest so-called full-service airline, is selling a majority stake for Re 1– a little more than 1 US cent. It’s part of a bailout plan by its state-owned lenders...
Three in race to pick stake in GVK’s airport holding company
Spanish conglomerate Ferrovial, sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and Canadian pension fund PSP have submitted final bids for investing in GVKNSE 1.79 % Power and Infra’s airport holding...
