The government has decided to adopt a “wait and watch” approach for the next three to four months before taking a call on Air India disinvestment, a senior official said today. The official also said the...
Norway sells remainder stake in SAS airline
The Norwegian government has completed the planned sale of its remaining 9.88 percent stake in Scandinavian airline SAS, the country’s ministry of trade and industry said on Wednesday. The Norwegian state had gradually...
Jet Airways says to buy additional 75 Boeing 737 Max jets
Jet AirwaysNSE -0.20 % Ltd said on Monday it has agreed with Boeing Co to purchase 75 of its 737 MAX aircraft, as the Indian carrier expands to meet domestic passenger demand in the world’s fastest-growing...
Government receives bids for Pawan Hans stake sale
Bids have been received for the strategic stake sale in helicopter services provider Pawan Hans, Civil Aviation Secretary R N Choubey said today. A profit-making entity, Pawan Hans is a joint venture between the central...
Government puts off Air India stake sale for now
The government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said today. The decision comes less than 3 weeks after the...
Government to help Air India with liquidity: Jayant Sinha
The government will continue to help Air India with liquidity infusion, the country’s state minister for civil aviation Jayant Sinha said Thursday, even as it continues to mull alternative mechanisms for the airline’s...
Government may list Air India to sell stake
The government may look at listing Air India as part of options to sell its shares in the national carrier after its offer of a majority stake didn’t find any takers. These plans that also include offering the...
Govt mulls selling 100% stake in debt-laden Air India after flop attempt
The government is considering revising the terms of sale for Air India, including offering a 100 per cent stake, after its latest attempt to sell 76 per cent of the debt-ridden airline failed to draw even a single bid...
Government to pursue Air India stake sale this fiscal, revised bidding norms likely soon
The government will continue to pursue disinvestment of debt-laden Air India and revised bidding norms are likely to be finalised soon, officials said, even as the stake sale proposal elicited muted response from the...
Air India stake sale: Govt 24% stake may have put investors off
The Centre’s decision to retain a significant minority stake in debt-laden Air India after its privatisation is seen as the primary reason behind the muted response to the proposed disinvestment in the national carrier...
Likely Air India bidders may be eyeing better terms
The lack of interest in Air India’s divestment is being interpreted by some officials as a possible tactic to persuade the government to relax conditions to make the national carrier more attractive to bidders, a senior...
Qantas and Air NZ sign alliance as downunder tourism booms
Australia’s Qantas Airways Ltd (QAN.AX) and Air New Zealand (AIR.NZ) announced a codeshare deal on Friday, amid a redrawing of airline alliances in the region as booming tourism lifts carriers on both sides of the...
