Contrary to speculation that a restructuring proposal of Jet Airways is hanging because promoter-chairman Naresh Goyal is unwilling to bring down his controlling stake below 51%, sources said that the latter is amenable...
SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways: paper
The State Bank of India (SBI)-led consortium of lenders is waiting for the Securities and Exchange Board of India (SEBI) to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways, SBI...
Garuda Indonesia, Lion Air to explore joint ventures for aircraft maintenance -document
The engineering arms of Indonesia’s two largest airlines, Garuda Indonesia (GIAA.JK) and Lion Air, have agreed to explore setting up joint ventures to maintain aircraft, engines, components and tire retread, showed a...
SBI along with other lenders, stakeholders working on resolution plan: Jet Airways
Crisis-hit Jet Airways NSE -3.95 % Wednesday said discussions are “progressing well” with stakeholders on a comprehensive resolution plan that also contemplates equity infusion and consequent changes in its...
Jet, Etihad yet to seek approvals, exemptions for any deal: Govt
Jet AirwaysNSE -3.54 %, partner Etihad Airways and banks have been holding talks on a rescue plan for the cash-strapped Indian carrier, although they are yet to seek any regulatory approvals or exemptions, a top...
Qatar Airways CEO: not interested in Jet Airways as backed by ‘enemy’ state
Qatar Airways will not buy a stake in Jet Airways as a substantial portion of the debt-laden Indian carrier is held by Etihad Airways, whose owner Abu Dhabi is an “enemy” of Qatar, its CEO Akbar al-Baker said on Tuesday...
Etihad poised to take effective control of Jet Airways
Etihad Airways PJSC may gain effective control of Jet Airways (India) Ltd, if lenders approve a resolution plan for the cash-strapped local airline, according to two people familiar with the ongoing discussions. The...
Brazil approves Boeing-Embraer tie-up with new commitment to keep local jobs
The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer SA (EMBR3.SA) and Boeing Co (BA.N) to go forward, capping weeks of uncertainty in which President Jair Bolsonaro...
Virgin Atlantic nears takeover of Flybe – Sky News
British regional airline Flybe Group Plc (FLYB.L) is close to being taken over by a consortium led by Richard Branson’s Virgin Atlantic, Sky News reported on Thursday. An offer for Flybe worth significantly less than...
Jet Airways said to weigh a restart of bailout talks with Tata Group
Jet Airways NSE 1.36 % India Ltd., the airline which had its credit rating cut to default this month, is weighing a resumption of stake-sale talks with the Tata Group as the carrier is poised to run out of cash, people...
Govt eyes about $1 billion from Air India sale
The government is eyeing around USD 1 billion (about Rs 7,000 crore) from the sale of national carrier Air India in the next financial year, a government official said. The government will initiate the process of...
ICBC leads Asian jet lessor buying spree – sources
Asian-controlled leasing companies splashed out on passenger jets worth $25 billion at list prices to pick out bargains as planemakers Airbus (AIR.PA) and Boeing (BA.N) raced to end a relatively quiet year with fresh...
