British Airways owner IAG’s bid to buy out Air Europa may reduce competition on domestic, short-haul and long-haul routes, EU antitrust regulators said on Wednesday as they opened a full-scale probe into the 400...
NCLT defers SpiceJet-Celestial hearing amid settlement talks
The National Company Law Tribunal deferred hearing a case involving low-cost carrier SpiceJet and aircraft lessor Celestial Aviation Services Ltd on Thursday after the two sides informed the court that they were in...
Spirit Airlines extends slide as blocking of JetBlue merger fuels uncertainty
Shares of ultra-low-cost carrier Spirit Airlines fell 17% in morning trade on Wednesday, a day after a U.S. judge blocked the airline’s planned $3.8 billion merger with rival JetBlue Airways. Spirit’s stock...
US judge blocks JetBlue from acquiring Spirit Airlines
A federal judge on Tuesday blocked JetBlue Airways’, planned $3.8-billion acquisition of ultra-low-cost carrier Spirit Airlines, after agreeing with the U.S. Department of Justice that the deal was anticompetitive...
Greece prepares for imminent Athens airport stake sale and listing
Greece has begun preparations for the sale of 30% stake in Athens International Airport through an initial public offering (IPO) and separate agreements with shareholders AviaAlliance and the Copelouzos family, Athens...
Creditors say yes to fresh bids for Go First
Creditors to bankrupt Go First Airlines have unanimously voted to allow fresh proposals from prospective resolution applicants (RAs) to take over the defunct airline, more than a month after receiving no submissions in...
Air India Express taps NCLT doors for final nod to its merger plans with AIX
In a strategic move for the coming year, Tata Group is progressing towards the consolidation of its four airlines. According to a TOI report, Air India Express has initiated the ‘second motion’ for a final...
Norway greenlights Norwegian Air’s $110 mln takeover of Wideroe
Norway’s competition watchdog said on Thursday it has approved the planned acquisition by Norwegian Air of domestic rival Wideroe after previously warning it could block the deal. “We have now concluded that...
SpiceJet confirms interest to acquire bankrupt airline Go First
Cash strapped airline SpiceJet has expressed interest with the Resolution Professional (RP) of Go First and confirmed that it wishes to submit an offer post diligence, the company said on Tuesday. In an exchange filing...
SpiceJet gets some respite as NCLT dismisses Willis Lease plea for insolvency
In some relief for SpiceJet, the National Company Law Tribunal on Monday dismissed a plea by aircraft lessor Willis Lease Finance Corp. to initiate insolvency proceedings against the cash-strapped airline. But apart...
NCLT junks insolvency plea against SpiceJet
The National Company Law Tribunal on Monday dismissed the insolvency petition filed by Willis Lease Finance Corporation against budget airline SpiceJet. Willis Lease Finance Corporation had filed a petition under...
Alaska Air to buy peer Hawaiian for $1.9 billion
Alaska Air Group Inc said on Sunday it would acquire Hawaiian Holdings Inc (HA.O) for $1.9 billion, including debt, placing a bet on a troubled airline with lucrative routes as U.S. antitrust regulators fight...
