India has invited bids to appoint two financial advisors and one legal advisor for the privatisation of national carrier Air India and its subsidiaries, the Ministry of Finance said in a newspaper advert on Thursday...
Etihad has no plans to exit Jet Airways now, says Naresh Goyal
Jet Airways Chairman Naresh Goyal has scotched rumours about Gulf carrier Etihad Airways exiting its three-year-old equity partnership and also said he was not looking for another partner. “We have no plans to sell the...
InterGlobe promoter entities to sell shares
IndiGo’s parent InterGlobe Aviation on Monday said some of its promoter entities will offload shares under an institutional placement programme wherein there will also be fresh issuance of shares. InterGlobe...
IndiGo may buy stake in Jet Airways if Air India bid fails
InterGlobe Aviation Ltd-run IndiGo is convinced there is an opportunity for a large India-based airline with a significant international footprint, and may consider investing in Jet Airways (India) Ltd if it fails to...
Air India disinvestment: Govt likely to rule out foreign buyer
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...
Niki Lauda preparing bid for Air Berlin’s Niki unit
Former motor racing driver Niki Lauda is working on a bid to buy back the Niki subsidiary of insolvent airline Air Berlin (AB1.DE), he told Reuters on Sunday. Air Berlin, Germany’s second-largest airline, filed for...
Adanis enter aerospace manufacture, partner Saab to build fighter jets
In New Delhi on Friday, Saab – a Swedish company that has built more than 5,000 aircraft in its 80-year history – announced a partnership to build the Gripen E fighter with the Adani Group – which has not yet built even...
Air India stake sale: Arun Jaitley hints at speedy decision
Finance Minister Arun Jaitley has indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier...
Air Berlin lenders eye asset sale by mid-September – sources
The buyers of insolvent Air Berlin’s (AB1.DE) assets will likely be picked by mid-September, people familiar with the matter told Reuters, as the race for the carrier’s coveted take-off and landing slots in Germany...
Qatar Airways, Vistara in interline partnership pact
Vistara today announced the launch of an interline partnership with Qatar Airways, thus, enabling Qatar Airways’ customers to travel seamlessly on Vistara’s domestic flights, to and from Qatar Airway’s...
Air Berlin CEO sees two or three buyers for its assets: newspaper
Air Berlin has spoken with more than 10 parties interested in parts of the insolvent carrier and expects its assets will be divided up amongst two or three buyers, its chief executive told a German paper. Talks began on...
Germany’s Lufthansa gets first say on Air Berlin asset sale-union
A first round of formal talks for the sale of insolvent German airline Air Berlin’s assets will be held with its bigger local rival Lufthansa on Friday, ahead of other prospective bidders, a senior labour union...
