Jet Airways (India) Ltd said Wednesday it continues to be in active discussions with various investors, amid reports that its founder Naresh Goyal is in talks with Etihad for financial support. The response came after...
Jet Airways in talks to secure sustainable financing
Jet Airways (India) Ltd is in active discussions with various investors to secure sustainable financing, and cost optimisation efforts have resulted in savings worth ₹500 crore in the first half of the current fiscal...
Tatas to go slow on deal to acquire debt-laden Jet Airways: Times of India
Indian conglomerate Tata Sons Ltd will go slow on a deal to buy Jet Airways (India) Ltd after some directors expressed reservations at an inconclusive board meeting last Friday, the Times of India reported on Tuesday...
Air India eyes ₹6,100 crore from aircraft sale, leaseback
Cash-strapped Air India Ltd expects to raise as much as $850 million (about ₹6,100 crore) by selling and leasing back seven wide-body aircraft over the next 15 days. The list includes six Boeing 787 (Dreamliner) and one...
Struggling Fastjet plans to raise at least $40 million
Low-cost African airline Fastjet (FJET.L), which said in September it needed more cash within a month to continue operating, announced a fundraising and equity refinancing aimed at increasing its equity base by at least...
Tatas confirm talks to buy Jet Airways; lenders to back the acquisition
The Tata Sons board on Friday discussed the proposal to buy a stake in struggling private carrier Jet Airways but did not take any decision on the acquisition. The meeting, held at the Tata group headquarters, Bombay...
Why Tatas should tread carefully before investing in Jet
Jet AirwaysNSE 7.98 % India has already played a part in the decline of Etihad Airways PJSC. Could Tata Sons Ltd. be the next business empire to enter its dangerous web? Prime Minister Narendra Modi has sought Tata’s...
Tata Sons said to have been asked by govt to explore buying Jet Airways stake
Indian Prime Minister Narendra Modi’s government has sought Tata Sons Ltd.’s help to rescue struggling Jet AirwaysNSE 7.96 % India Ltd., people familiar with the matter said. Tata Sons is in talks with the government...
Tata Sons wants to fly out of joint venture with AirAsia
Tata Sons is looking to end its partnership with AirAsia Bhd as it only wants to be engaged in one airline business, Vistara, the joint venture with Singapore Airlines (SIA), according to several people aware of the...
Tata looks to reclaim the skies in Jet stake talks
Tata Sons Ltd is in pursuit of a controlling stake of debt-laden Jet Airways LtdNSE 3.96 %, a purchase which could transform India’s largest conglomerate from airline fringe player into the country’s dominant, full...
Tata SIA Airlines eyes all-stock merger of Vistara with Jet Airways
The Tata group and Naresh Goyal-promoted Jet AirwaysNSE 3.82 % are inching towards a two-step transaction, the first leg of which could see the merger of Jet with Tata SIA Airlines, the joint venture between Tatas and...
Jet Airways terms deal with Tata as ‘speculative’
Jet Airways (India) Ltd on Tuesday termed media reports of Tata Group carrying out due diligence to acquire the airline as “speculative”. “…The subject news is speculative in nature and that there is no discussion...
