IndiGo co-founder Rakesh Gangwal plans to sell up to 12.75 million shares, or 3.3% of his stake in InterGlobe Aviation Ltd, through a block deal, according to a term sheet reviewed by Mint. The sale, estimated to be...
Air India-Vistara merger gets Singapore’s conditional approval
Singapore’s competition watchdog said on Tuesday it has approved the merger between Tata Group-owned Air India and sister airline Vistara, a joint venture between Tata and Singapore Airlines, subject to certain...
JetBlue, Spirit Airlines call off $3.8 bln merger on antitrust hurdle
JetBlue Airways and Spirit Airlines scrapped their $3.8-billion merger agreement on Monday, with the low-cost carriers saying there was no path forward after a U.S. judge blocked the deal in January on anti-competition...
Boeing in discussions to buy supplier Spirit AeroSystems
Boeing is in talks to buy its struggling former subsidiary Spirit AeroSystems, as both companies try to solve persistent quality problems and contain costs related to 737 MAX production, an industry source familiar with...
Not looking to acquire stake in Indian carriers: Malaysian carrier AirAsia
Malaysian budget airline AirAsia said on Tuesday it will not buy a stake in an Indian carrier for now but will fly to more cities in the country, outlining its plan two years after the group exited AirAsia India by...
Canada’s Lynx Air files for bankruptcy protection, to cease operations on Feb 26
Canadian budget airline Lynx Air has filed for court protection from creditors and will cease operations on Feb. 26, it said on Thursday, as it struggles with rising operating costs, high fuel prices and increasing...
Air India-Vistara merger in progress; awaiting regulatory approvals: Singapore Airlines
Singapore Airlines said the proposed merger of Air India and Vistara is in progress, and is awaiting foreign direct investment and other regulatory approvals. Vistara is a joint venture between Singapore Airlines and...
NCLT grants additional 60 days to finish Go First insolvency process
The National Company Law Tribunal (NCLT) extended by 60 days the deadline for completion of Go First Airline’s corporate insolvency resolution process (CIRP). Last month, the committee of creditors (CoC) of the...
Korean Air wins EU antitrust approval for Asiana deal
Korean Air won EU antitrust approval on Tuesday to buy Asiana Airlines after the companies agreed to sell the latter’s cargo unit and divest routes to four European cities to a rival. Korean Air, South...
Govt likely to push for Air India units’ stake sale in FY25
The Centre will make a push for selling its shares in Air India’s erstwhile subsidiaries in FY25, said a top official, but the privatization of Container Corporation of India is unlikely to see any traction soon. “The...
US court to hear JetBlue, Spirit appeal over blocked merger in June
A U.S. appeals court on Friday said it would hear arguments in June in a bid by JetBlue Airways and Spirit Airlines to overturn a judge’s ruling that blocked their $3.8 billion merger, an expedited schedule that...
JetBlue casts doubt on its merger deal with Spirit Airlines
JetBlue Airways on Friday raised doubts about the future of its $3.8 billion merger deal with Spirit Airlines, saying it might be unable to meet certain conditions required as part of the agreement for unspecified...
