Air India has recommended to the government that its low-cost subsidiary and ground-handling unit be sold to improve the national carrier’s financial position in what could be a precursor to its eventual divestment...
Jet Airways loyalty programme stake sale faces headwinds, challenges
Jet Airways proposed stake sale in loyalty programme and equity infusion in the airline is facing challenges but analysts say that the sale alone will not be sufficient to tide over the financial crisis. An overhaul of...
Jet Privilege stake sale struggles to take flight
Private equity (PE) giants Blackstone Group LP and TPG Capital, which are eyeing a stake in Jet Privilege Pvt. Ltd, the loyalty programme of Jet Airways (India) Ltd, are having second thoughts due to worries over the...
Air India makes fresh bid to raise ₹ 500 crore
Air India Ltd has made a fresh attempt to raise ₹ 500 crore in debt after a similar effort last month failed to find any takers. The national carrier plans to use the funds to meet working capital needs and pay interest...
Air Odisha to dilute stake to Sharjah-based NRI crude oil company
Scheduled commuter carrier Air Odisha is all set to take a Sharjah-based NRI investor on board as it seeks to tap fresh capital to fuel its expansion plans and the announcement to this effect is likely to be made soon...
Etihad to make $35 million cash pre-purchase payment to Jet Airways
Etihad Airways, which owns 24% stake in Jet Airways India Ltd, on Thursday said that it has proposed a financial restructuring and support plan for the Mumbai-headquartered airline, which included a $35 million cash pre...
United Technologies Wins U.S. Antitrust Nod for Rockwell
United Technologies Corp. won U.S. antitrust approval for its acquisition of Rockwell Collins Inc. to create an aircraft-parts giant. The Justice Department signed off on the $23 billion deal after the companies agreed...
After botched stake sale, govt working on 4-pronged Air India revival plan
The government is in advanced stages of working out a four-pronged strategy to revive state-run Air India after the national carrier failed to attract investors for a sale. The bailout package, according to Union...
Air India seeks bids for the sale of 14 properties, eyes Rs 2.5 billion
National carrier Air India on Monday sought bids for the sale of 14 properties, through which the debt-laden airline aims to raise Rs 2.5 billion, a senior airline official said. The government is looking to bolster the...
Merge Pawan Hans with Hindustan Aeronautics: Officers union
Urging the government not to privatise profit-making Pawan Hans Ltd, the state-run chopper operators officers union has proposed the company’s merger with defence PSU Hindustan Aeronautics Ltd (HAL). Such a merger...
Emirates, Etihad deny reports of merger to create world’s largest airline
Emirates and Etihad, two state-owned airlines in the United Arab Emirates, denied on Thursday a Bloomberg report which quoted unnamed sources as saying Emirates was seeking to take over Etihad to create the...
Air India puts more than 50 realty assets for sale
Air India Ltd is offering to sell more than 50 properties and land parcels as the cash-strapped flag carrier makes a renewed attempt to achieve its aim of raising about ₹500 crore from such divestments this fiscal. The...
