The government has ruled out the possibility of separating the domestic and international airline businesses of Air India to attract buyers for the national carrier. The decision to keep the businesses together is...
Air India divestment: Tatas interested in buying stake, says Jayant Sinha
The Tatas had formally shown an interest in Air India’s stake sale, Union Minister of State for Civil Aviation Jayant Sinha said today. The government has given its nod for the disinvestment of Air India, which...
South Korea’s Jin Air says IPO to raise $350 million
South Korean budget airline Jin Air Co Ltd said on Tuesday its planned initial public offering (IPO) would raise 381.6 billion won ($350 million). The affiliate of South Korea’s biggest carrier, Korean Air Lines Co Ltd...
China’s HNA gave ‘untrue’ details during Gategroup takeover: Swiss watchdog
Chinese conglomerate HNA, under scrutiny at home and abroad over a debt-fueled acquisition spree, gave partially untrue or incomplete information during the takeover of Swiss airline catering firm Gategroup last year...
Air India privatisation: SBI Caps hired, 5 teams set up for divestment process
Preparing for privatisation, Air India Ltd has roped in SBI Caps to advise on the future course of disinvestment and has constituted five teams to work on various aspects of the stake sale process. As part of efforts to...
Air India privatisation: New owner may not get Rs21,000 crore of promised equity
The government may not infuse about Rs21,000 crore in the promised equity into Air India Ltd once the state-owned airline is privatised, a top official said. Air India was promised Rs50,000 crore in equity infusion...
Airbus said to be near $40 billion-plus jet deal with US’s Indigo Partners
Airbus SE is nearing one of the biggest deals in aviation history, negotiating to sell 430 aircraft valued at more than $40 billion to US airline investor Indigo Partners, people familiar with the matter said. The...
Bombardier in talks with EgyptAir for $1.1 billion CSeries deal: Bloomberg
Canadian plane-and-train-maker Bombardier Inc (BBDb.TO) is in advanced talks with EgyptAir over a potential $1.1 billion order for CSeries jets, Bloomberg reported, citing people familiar with the matter. The deal is...
Boeing signs deal to sell 300 planes worth $37 billion to China
Boeing Co said it signed an agreement on Thursday to sell 300 planes to China Aviation Supplies Holding Company worth $37 billion at list prices, one of several deals announced during a state visit by U.S. President...
Qatar Airways to buy 9.6% of Cathay Pacific for $662 million
Qatar Airways Ltd agreed to acquire a stake in Cathay Pacific Airways Ltd, a deal that would make it the third-largest shareholder in the premium carrier as Asia’s biggest international airline faces mounting...
Saab-Adani Group JV to make drones, military choppers, eyes $1-bn jet deal
A joint venture between Swedish defence giant Saab and the Adani group is looking at producing a broad portfolio of products including UAVs and helicopters for the Indian armed forces, besides eyeing a billion-dollar...
Air India to sell 2 properties to SBI, may fetch Rs 50 crore
Scouting for funds, Air India is in advanced discussions with public sector lender SBIBSE 0.72 % for sale of at least two residential properties that could net nearly Rs 50 crore, airline and banking sources said. While...
