Boeing Co will have a 51 percent stake in a joint company currently being negotiated with Brazilian aircraft maker Embraer, O Globo newspaper columnist Lauro Jardim reported on Sunday. Boeing has agreed to a Brazilian...
Zoom Air plans to raise Rs100 crore
Zoom Air is in talks with investors and private equity firms to raise about Rs100 crore to finance its expansion, managing director and chief executive Koustav Dhar said. The airline, operated by Zexus Air Services Pvt...
No decision yet on how much Air India stake up for sale: Ashok Gajapathi Raju
The government has not taken a final decision yet on how much stake in Air India it wants to sell, Civil Aviation Minister Ashok Gajapathi Raju said today. Last year, the Union Cabinet approved privatisation of the debt...
Parliamentary panel discusses issues related to Air India stake sale
A Parliamentary panel on Tuesday discussed various issues related to Air India disinvestment and civil aviation ministry’s demand for grants for the next fiscal. The meeting of the parliamentary standing committee on...
Air Deccan, Air Odisha form JV with GSEC, Monarch for servicing UDAN scheme
Air service operators Air Deccan and Air Odisha have joined hands with Gujarat-based cargo operator and investors Gujarat State Export Corporation (GSEC) Ltd. and Monarch Group for catering to routes under round one of...
Govt’s attempt to sell entire 51% stake in Pawan Hans finds no takers
The government’s attempt to sell its entire 51 percent stake in helicopter company Pawan Hans has received a setback, with the deal failing to attract enough bidders. Now, a rebidding is on the cards. According to...
Adani kin buys out Air Deccan, picks up 60% in Air Odisha
The Ahmedabad-based GSEC Aviation and Monarch Networth Capital have bought over the GR Gopinath-promoted Air Deccan, besides jointly acquiring majority stake in Air Odisha, which is set to launch its services on...
Woodward says not in deal talks with Boeing
Aircraft and industrial parts maker Woodward Inc (WWD.O) said it was not in talks with Boeing Co (BA.N) over a possible sale. The Wall Street Journal had reported earlier in the day that the two companies had engaged in...
Vistara in talks with Airbus, Boeing to buy jets worth $8.5 billion
Vistara, the Indian affiliate of Singapore Airlines, is in talks with Airbus SE and Boeing Co to buy jets worth as much as $8.5 billion as the carrier seeks to tap India’s growing middle class, according to people...
Boeing proposes Embraer tie-up excluding defence unit – source
Boeing Co has sought the Brazilian government’s approval of a partnership with planemaker Embraer SA that would create a new company focused on commercial aviation, a person familiar with the matter said on Friday. The...
Govt plans to wrap up Air India sale by Dec: Jayant Sinha
The government will allow a private bidder to pick up a stake of 51% or more in Air India Ltd and plans to complete the sale of the airline by December, minister of state for aviation Jayant Sinha said on Friday. A...
GMR buys out Malaysian firm’s stake in Hyderabad airport for 484 cr
GMR Airports, an arm of the GMR Group, has entered into an agreement with Malaysia Airports Holding to acquire the 11 percent stake that the Malaysian firm holds in GMR Hyderabad International Airport for USD 76 million...
