HNA Group Co., the Chinese conglomerate unwinding a global acquisition spree, is in advanced talks to sell a minority stake in jet lessor Avolon Holdings Ltd. to Japan’s Orix Corp., people with knowledge of the matter...
Ajay Singh may not have to dilute stake in airline
SpiceJetNSE 0.00 % chairman Ajay Singh may not have to dilute his stake in the airline, as an arbitration tribunal has ruled in its favour in a share purchase dispute with previous promoter Kalanithi Maran. On Friday...
Esterline Technologies exploring potential sale: sources
Aerospace parts maker Esterline Technologies Corp (ESL.N) is exploring a potential sale, two people familiar with the matter said on Friday. Earlier on Friday, the Wall Street Journal reported that the company was...
Boeing in talks with Airbus, others for German helicopter bid
Boeing Co is in talks with Airbus and other companies about joining its bid for a 4 billion euro ($4.7 billion) heavy-lift helicopter contract in Germany, the head of business development for Boeing’s defence unit said...
ONGC board okays sale of stake in Pawan Hans
The board of ONGC has approved exiting helicopter service provider Pawan Hans by selling its entire 49% stake as it looks to cut debt and consolidate resources in its core oil and gas business, officials with direct...
Govt to revisit Air India disinvestment plan after oil prices stabilise
The government on Wednesday said it would revisit the Air India disinvestment plan after oil prices, foreign exchange and other global economic indicators stabilise. While asserting that the government remains committed...
GVK in talks for stake sale in airports company
The GVK group is planning to sell a minority stake in its airports holding company and has held talks with several global investors including Qatar Investment Authority (QIA), AMP Capital and Global Infrastructure...
Govt should analyse why Air India stake sale process failed: IATA chief
With Air India disinvestment failing to take off, global airlines’ grouping IATA has said that a carrier has to be “nimble and flexible” even as he wondered how much leeway an investor would have in...
Government starts process of selling Air India Mumbai headquarters
The iconic Air India building at Mumbai’s Nariman Point would soon have a new owner in the Jawaharlal Nehru Port Trust, with the financial advisors in the ministries of shipping and civil aviation beginning the process...
Air India stake sale: Govt to infuse fresh capital soon, says official
After having failed to take the disinvestment plan of Air India ahead, the Centre is now mulling to infuse fresh capital into the ailing airlines, said an official in the Ministry of Civil Aviation on Thursday. RN...
Embraer CEO says talks with Boeing are in final stage: report
Embraer SA (EMBR3.SA) Chief Executive Officer Paulo Souza e Silva said the company is in the final stage of talks to combine operations with Boeing Co (BA.N), newspaper Valor Economico reported on its website late on...
Government on ‘wait and watch’ mode in Air India stake sale: Nitin Gadkari
The government has decided to “wait and watch” for the next three-four months before taking a call on disinvestment of national carrier Air India due to prevalent market condition specially high fuel prices...
