British IAG (ICAG.L) is in exclusive talks to buy Niki, Air Berlin’s (AB1.DE) insolvent Austrian airline, a source close to the process said on Thursday, after Niki’s administrator said that one bidder out of four...
No proposal to reconsider Air India privatisation: Government
There is no proposal to reconsider the decision to privatise Air India, which has an outstanding debt of Rs 51,890 crore, the government informed Parliament today. To revive the loss-making national carrier, the...
Air Deccan partners with Air Odisha to share resources, save costs
Air Deccan, which recently commenced operations with flight services to Jalgaon, has forged a partnership with Air Odisha, under which the two carriers will share each other’s network and resources to minimise...
Indian Air Force initiates Rs 33,000-cr buy of 83 Tejas fighters
In a big step towards defence indigenisation, the Indian Air Force (IAF) has issued Hindustan Aeronautics Ltd (HAL) a tender for 83 Tejas light combat aircraft (LCA). Late on Wednesday, HAL issued a brief note stating:...
EasyJet confirms stakes in Air Berlin assets
Britain’s budget airline easyJet Plc (EZJ.L) confirmed on Friday that it partly acquired Air Berlin Plc’s (AB1.DE) operations at Berlin Tegel Airport. The 40 million euro ($47 million) deal includes some of Air Berlin’s...
Airline for sale: Niki’s future hangs in balance
Niki’s administrator began urgent talks on Thursday to find a buyer for the insolvent Austrian carrier after a deal with Lufthansa (LHAG.DE) fell through and with valuable runway slots at risk of being lost. German...
Tata Group, GE partner to manufacture Leap engine components in India
US-based General Electric and the Tata Group today announced partnership to manufacture components of commercial jet engines in India, saying that they will also look at opportunities to make military engine and...
IndiGo owners InterGlobe Aviation to sell 2.91% stake for $197 million
InterGlobe Aviation Ltd, the owner of India’s biggest airline IndiGo, on Tuesday said two of its founder group companies will in this week sell a combined 2.91% stake in the company worth about Rs1,265 crore ($196.5...
Why national carrier Air India could remain with an Indian owner
The government is unlikely to allow foreign bidders to have a majority stake in Air India, which is in the process of privatisation. The group of ministers (GoM) exploring ways to privatise Air India is of the view that...
Qatar goes ahead with $6.7 billion Typhoon combat jets deal with UK’s BAE Systems
BAE Systems and Qatar have entered into a contract valued at around 5 billion pounds ($6.7 billion) for the country to buy 24 Typhoon combat aircraft, the British defence group said on Sunday. The company said delivery...
Foreign airlines may be allowed to bid for Air India
India is likely to change rules to allow foreign airlines to bid for Air India Ltd as long as they have a local joint venture with an Indian partner as the government seeks to increase the number of suitors for the debt...
EU set to approve easyJet purchase of parts of Air Berlin – sources
British budget airline easyJet is set to win unconditional EU antitrust approval to buy parts of failed German peer Air Berlin, people familiar with the matter said on Monday. EasyJet will take on some of Air Berlin’s...
