Domestic and foreign lenders of Jet Airways (India) Ltd have asked the company to explain its liquidity situation, just a few days after the airline defaulted on a scheduled loan repayment. The lenders will now meet the...
Jet Airways close to securing ₹1,500 crore loan from SBI
India’s debt-laden Jet Airways is close to reaching a deal with State Bank of India (SBI) for a fresh loan of ₹1,500 crore ($215 million) to meet its working capital needs, two people aware of the matter told Reuters...
Ashok Leyland acquires 27.25% more stake in AAL; shareholding ups 76.25%
Hinduja group flagship firm Ashok Leyland Wednesday said it has acquired 27.25 per cent additional stake in Ashley Aviation Ltd (AAL), raising its shareholding in the firm to 76.25 per cent. The company has acquired...
Malaysia Airports Holding cancels Hyd airport stake sale pact with GMR
Malaysia Airports Holding Berhad has said it terminated the Share Purchasing Agreement (SPA) with the GMR Group for selling its 11 per cent stake to the latter as the Indian infra major did not fulfill the obligations...
KKR to acquire 50 percent stake in Altavair and create leased aircraft portfolio
U.S. private equity giant KKR & Co Inc (KKR.N) said on Thursday it will acquire a 50 percent stake in Seattle-based aircraft leasing company Altavair AirFinance and make a $1 billion capital commitment to create a...
Malaysian Airport cancels Hyderabad airport stake sale plan
Malaysia Airport Holdings, a shareholder in the GMR Infra-controlled Hyderabad airport has terminated an agreement to sell all of its 11% shareholding in the airport to GMR’s airport holding company. “The Board of...
Qatar Airways acquires 5 percent of China Southern Airlines
Qatar Airways has acquired a 5 percent stake in China Southern Airlines, the state-owned Gulf carrier said on Wednesday, in a move to gain access to the fast-growing mainland Chinese market. Qatar Airways also owns a 20...
Govt chalks out fresh plan for Air India sale
The government raised a record Rs 77,417 crore from sale of its stake in public sector units in 2018, and the disinvestment programme is headed for another blockbuster year in 2019 with planned privatisation of national...
London’s Gatwick airport sold for $3.7 bn to French construction firm Vinci
Vinci SA agreed to acquire control of Gatwick Airport for 2.9 billion pounds ($3.7 billion) as the French construction company jumped on the chance to add a major London hub to its aviation portfolio. The purchase of...
Brazil judge overturns injunction that blocked Embraer-Boeing deal
A Brazilian judge overturned on Friday a decision that put the brakes on planemaker Embraer’s (EMBR3.SA) proposed sale of 80 percent of its commercial aviation division to Boeing Co (BA.N), as the judicial back-and...
Govt seeks to pump Rs 23 billion into Air India after a failed sale bid
The government of Prime Minister Narendra Modi sought Parliament’s approval for an equity infusion of Rs 23 billion ($330 million) in Air India, effectively ruling out an immediate revival of its plan to sell the ailing...
Jet Airways’ board to look into financial restructuring plans today
Jet Airways’ board will meet on Thursday to discuss the next possible steps in its fundraising efforts, even as the airline undergoes a forensic investigation directed by its top lender SBINSE -0.78 % and tries to...
