No-frills carrier NokScoot, which will start flights from the national capital to Bangkok on Wednesday, plans to have a partnership with an Indian airline, according to an official. The Thailand-based airline would...
Boeing buying stake in Embraer operations for $4.2 billion
Boeing is buying a majority stake in Embraer’s commercial aircraft and services operations for $4.2 billion. The joint venture, announced on Monday, gives Boeing 80% ownership of those operations, with Embraer owning...
Azul might consider Avianca Brasil acquisition in the future: CEO
Brazilian airline Azul SA (AZUL.N) is not currently engaged in negotiations for a possible acquisition offer for struggling Avianca Brasil, Azul Chief Executive John Rodgerson told Reuters on Friday. But he acknowledged...
Avianca Brasil files for bankruptcy, citing jet repossession threat
Brazil’s fourth-largest airline, Avianca Brasil, filed for bankruptcy protection on Monday, saying its operations had been threatened by potential repossession of aircraft, which could prevent the carrier from...
Cash-strapped Jet Airways seeks soft financing of $350 million from Etihad
Cash-crunched Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier, an...
Chopper firm Fly Blade forays into India in JV with Hunch
US-based helicopter transport services provider Fly Blade Tuesday announced its foray into the domestic aviation market in a joint venture with equity investment firm Hunch Ventures. As part of its plans, the Indian...
Govt eyes Rs 9,000 crore from Air India assets sale
The Government expects to mop up about Rs 9,000 crore by selling off land and real estate properties of debt laden Air India, an official said Monday. The sale of land, building and other realty assets is part of the...
Substantial interest for Pawan Hans sale: Disinvestment Secy
A senior government official Monday said the Centre has received “substantial” interest for Pawan Hans stake sale and plans for Air India disinvestment also continues. The government owns 51 per cent in...
Etihad veterans play key role in Jet Airways’ offer of up to 49% stake
Some senior executives who had joined Jet AirwaysNSE 1.24 % from Etihad Airways after the latter picked up a significant stake in the Indian carrier in 2012 are playing a key role in the fresh negotiations between the...
Govt gives approval to sell 100% stake in Air India’s ground handling firm
The government on Tuesday approved 100 per cent stake sale in state-owned airline Air India’s ground-handling company Air India Air Transport Services Limited (AIATSL). The approval comes at a time when the government...
Ministerial panel clears strategic sale of Air India subsidiary AIATSL
A ministerial panel Tuesday cleared a proposal for strategic sale of Air India’s ground handling subsidiary AIATSL, an official said. The approval comes amid the government working on ways to revive the fortunes...
Jet Airways will not exit Jet Privilege completely
Cash-strapped Jet Airways (India) Ltd has no plan to totally exit Jet Privilege Pvt. Ltd, its frequent flyer programme, even if it receives a lucrative proposal, said a person with the direct knowledge of the matter...
