Thomas Cook has enlisted Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch to explore the possible sale of its airline business, a source familiar with the discussions said. The holiday company this month...
Jet Airways seeks to raise $840 million from share sale: Report
Jet Airways Ltd plans to raise about $840 million from a government fund and a rights issue, Business Television India said, a day after the company’s board approved a deal for some lenders to infuse funds and...
Jet Airways defers plans to sell stake in Jet Privilege
Jet Airways (India) Ltd on Friday deferred plans to sell stake in Jet Privilege, its frequent flyer programme that the Naresh Goyal-led management had repeatedly called a lifeline for the beleaguered airline. The...
EU clears Air France-KLM, Delta, Virgin group deal over Virgin Atlantic
EU antitrust regulators on Tuesday cleared Air France-KLM, Delta Air Lines and Virgin Group to acquire joint control over Virgin Atlantic, saying they did not see any competition concerns. The deal involves Air France...
Govt to sell 100% stake in Air India ground handling arm, invites EoI
The government has invited expression of interest (EoI) for the strategic sale of Air India’s ground handling subsidiary. While the disinvestment of Air India found no takers, the government proposes to transfer...
Debt-ridden Jet Airways sells loyalty miles to raise Rs 250 crore
Jet Airways has secured Rs 250 crore from advance sale of redemption miles to its associate firm. The airline is also in discussion with lenders for short-term loans. The board of Jet Privilege Private Limited (JPPL)...
Stobart’s ex-CEO floats possible alternative offer for Flybe
British airline Flybe, which is being bought by a consortium of Virgin Atlantic, Stobart Group and Cyrus Capital, said on Sunday it had been approached by Stobart’s ex CEO Andrew Tinkler about a possible alternative...
Air India strategic sale likely soon
The government may come out with an expression of interest (EOI) for strategic sale in Air India by June, said the secretary for Department of Investment and Public Asset Management (DIPAM), Atanu Chakraborty. The...
Jet Airways says stakeholders yet to agree and approve resolution plan
Jet Airways (India) Ltd. on Friday said that stakeholders of the airline and board of directors of the company are yet to agree and approve the resolution plan that is expected to infuse much needed capital in the...
Jet loan restructuring to be under Sashakt scheme: SBI chief
Lenders of the cash strapped Jet AirwaysNSE 7.18 % will restructure loans given to the airline under the ‘Sashakt’ scheme, State Bank of India NSE -3.15 % (SBI) Chairman Rajnish Kumar said on Friday...
Lufthansa has held talks for majority stake in Alitalia: board member
German airlines group Lufthansa has held talks to take a majority stake in ailing Italian carrier Alitalia and would be interested in a full takeover in the long run, Lufthansa board member Harry Hohmeister said on...
Jet Airways seeks shareholder approval for converting debt into shares
Jet Airways said on Monday it would seek shareholder approval to issue new equity and convert existing debt into equity among other things at a special meeting on Feb. 21, as the beleaguered airline attempts to stay...
