Air India’s subsidiary AIESL has forged a partnership with Singapore Airlines’ engineering arm, as AIESL seeks to get a foothold in the global MRO market besides tapping the local business. Under a non...
Government may sell Air India this fiscal if finds suitable buyer
The government may sell flagship carrier Air India this fiscal itself if it finds a suitable buyer, according to official sources. The government, they said, also expects to meet its disinvestment target as there are a...
Govt to dilute 10% stake in military plane maker HAL
The government has approved the sale of a 10 percent stake in public sector military planemaker Hindustan Aeronautics Ltd (HAL) through an initial public offering. This comes at a time when it is witnessing competition...
Air India ties up with PNB, IndusInd for Rs 3,250 cr loan
Air India has tied up with public sector lender Punjab National BankBSE 0.00 % and private lender IndusIndBSE -0.87 % to secure loans to the tune of over Rs 3,000 crore for meeting working capital requirements. The...
Boeing to invest $33 million in joint venture with COMAC for China plant: China Daily
Boeing Co (BA.N) will invest $33 million for a majority stake in a joint venture with Commercial Aircraft Corp of China (COMAC) that will oversee the U.S. planemaker’s new 737 completion plant in China, the China Daily...
Air Berlin races to clinch deal with Lufthansa, easyJet
Insolvent German airline Air Berlin hopes to conclude talks with Lufthansa and easyJet on a carve-up of its assets by the middle of next month as it races to secure jobs and keep flying. Air Berlin, which has around...
Lufthansa seen offering to pay 200 million euros for Air Berlin assets – source
A Lufthansa bid price of 200 million euros ($239 million) to buy assets from insolvent Air Berlin plus 100 million euros to meet operating costs is roughly correct, a source familiar with the talks said on Sunday. The...
Ministerial group headed by Jaitley discusses Air India disinvestment
A group of ministers, headed by Finance Minister Arun Jaitley, on Thursday discussed in details the modalities for the strategic disinvestment of Air India, official sources said. Second in less than a month, the...
InterGlobe Aviation’s share sale raises Rs 3,290 cr
A share sale by India’s InterGlobe Aviation, which runs the country’s IndiGo airline, raised Rs 3,790 crore for the company and some of its shareholders, based on the final issue price announced on Monday...
Government to sell Air India properties owned by them
The government has decided to sell some of Air India’s real estate directly to expedite the state-owned carrier’s divestment. This follows the discovery that some of the assets are not owned by the carrier but on a 99...
InterGlobe’s Rs 3,800-cr share sale sails through
InterGlobe Aviation’s Rs 3,800-crore share sale was completed on Friday. The company operates the country’s most profitable airline, IndiGo. The so-called institutional placement programme (IPP) of 33.6...
Lauda to bid for part of Air Berlin with Thomas Cook’s Condor
Former motor racing driver Niki Lauda will table an offer for parts of insolvent airline Air Berlin (AB1.DE) together with Thomas Cook’s (TCG.L) German carrier Condor, Lauda told Austrian newspaper Kurier on Wednesday...
