The government has extended the deadline to September 19 for submitting initial bids for 51 per cent stake sale in helicopter services provider Pawan Hans Ltd, according to a communication. The previous deadline...
JNPT may buy Air India building for ₹ 2,000 crore by year-end
Air India Ltd expects to sell its former head office in Mumbai for an estimated ₹ 2,000 crore by the end of March to state-run Jawaharlal Nehru Port Trust (JNPT), said a senior airline official. Both JNPT and Air India...
Air India may raise ₹500 crore debt for working capital needs
Air India Ltd will raise ₹500 crore in debt to meet working capital needs and pay interest on its outstanding loans, a senior official at the state-run carrier said on Wednesday. “Air India will soon issue a tender to...
Malaysia’s AirAsia drops joint venture plan to set up base in China
AirAsia Bhd, Asia’s largest budget airline, said it has dropped plans for a joint venture to establish a low-cost carrier in China, in a setback for its plans to expand in the world’s second-biggest aviation market. The...
Brazil government to approve Embraer-Boeing deal after elections: minister
The Brazilian government will approve the tie-up between Boeing Co (BA.N) and Embraer SA (EMBR3.SA), which is still under President Michel Temer’s mandate, but only after the October presidential elections, Brazilian...
Jet Airways vows to cut costs, sell stake in loyalty program
Troubled carrier Jet AirwaysNSE -0.27 % India Ltd. said it will sell a stake in its loyalty program and cut as much as 20 billion rupees ($285 million) in costs over the next two years as part of a turnaround plan after...
Mumbai airport stake sale said to attract Changi, 3 others
GVK Group is in talks with at least four companies to sell a significant minority stake in Mumbai International Airport Pvt. Ltd, two people directly aware of the discussions said. Four of the potential bidders, namely...
United Airlines sees deal soon on Latin American joint ventures
United Continental Holdings Inc (UAL.N) is eying joint ventures with three Latin American carriers in the near future, but a deal would not immunize the U.S. airline from the “ups and downs” of the region’s volatile...
Government plans to transfer Air India’s non-core assets to SPV
The government is looking at transferring Air India’s non-core assets and “unsustainable debt” to a special purpose vehicle (SPV) as part of measures to revive the national carrier, a top official said...
GMR Airports in talks to raise $500 million before IPO
GMR Airports Ltd is in talks to raise around $500 million from special situations fund AION Capital Management Ltd to buy out some of the investors in the country’s largest private airport operator, two people directly...
TPG Capital joins race to buy stake in Jet Privilege
US private equity giant TPG Capital has locked horns with rival Blackstone Group LP to buy a significant stake in the frequent-flier loyalty programme of Jet Airways (India) Ltd, said two people with direct knowledge of...
Blackstone group in talks to pick up stake in Jet Airways’s loyalty programme
Blackstone Group LP is in talks to buy a stake in the loyalty programme of Jet Airways India Ltd., the troubled Indian carrier that’s exploring options to raise cash, people with knowledge of the matter said. The...
