Once bitten twice shy. When InterGlobe Aviation Ltd’s interest in Air India became public in June, its shares had fallen almost 8% in two days. Now that it has chosen prudence over bravado, its shareholders should be...
Centre may ease expression of interest deadline for 76% stake in Air India
The government may relax the deadline for submitting an expression of interest (EoI) to buy 76% in state-owned carrier Air India. However, the structure of the deal will remain unchanged with no plans to split the...
IndiGo opts out of race to buy Air India
IndiGo, the first airline to express interest in acquiring debt-laden Air India, has opted out, saying it was interested only in the state-owned carrier’s international operations and does not have capability to turn...
Centre may completely exit Air India, sell its residual stake to LIC
The Centre may completely exit Air India by selling its residual stake to Life Insurance Corporation of India (LIC) and other financial institutions, according to government sources. This move would help address...
Airbus may tie-up with Adani Group for composites
Airbus is actively looking at increasing its sourcing of composites—the most critical material that goes into making aircraft lighter and more fuel efficient—from India, said a senior executive in a recent interview...
Labour unions urge Brazil to block Boeing-Embraer tie-up
Labour union leaders on Monday accused Brazil’s government of negotiating a tie-up between local planemaker Embraer SA (EMBR3.SA) and Boeing Co (BA.N) behind the backs of Brazilians, underscoring political tensions...
Will Air India sale fetch government anything meaningful?
The Air India sale has been code-named Project Royal, although the plain truth is that the national airline isn’t the king of Indian aviation. The company has run losses for years and is laden with debt. Even so, like...
Air India stake sell: Not enough incentives to entice foreign bidders, say analysts
There are several deterrents to potential investors in Air India’s initial bid document, analysts and industry experts said. Some of them said the government was hurrying with the sale and that only players with very...
Government invites bids to sell 76 per cent stake in Air India
The government unveiled the contours of its long-awaited plan to divest Air India on Wednesday. It proposes to sell 76% of Air India along with low-fare subsidiary Air India Express and a 50% stake in AISATS, a ground...
Jet Airways may consider bidding for Air India
India’s oldest private airline Jet AirwaysBSE -2.17 % will consider bidding for Air India. “I think we need clarity on what the government’s position is. Once we get more clarity, we will have an...
Qatar Airways, IndiGo deny buzz of Air India stake purchase talks
Qatar Airways and IndiGo have denied a media report, which said two airlines will jointly bid for Air India. “Qatar Airways firmly denies that it is involved in any talks regarding the acquisition of Air India,” the...
Air India sale: Singapore Airlines has open mind on making a bid
Singapore Airlines has an open mind about making an initial bid for a stake in state-run Air India Ltd, the head of the Singaporean carrier’s India business told Reuters on Thursday. India had last week said it would...
