The government plans to wrap up the disinvestment in state-run carrier Air India before end of the year and the preference is veering towards a “domestic buyer” for the debt-laden airline. The Union Cabinet gave...
Air Berlin files for insolvency after Etihad withdrawal
Struggling German airline Air Berlin filed for insolvency on Tuesday after years of losses caught up with it and shareholder Etihad withdrew funding, with rival Lufthansa saying it was in talks to take over parts of...
Government will continue to support Air India during stake sale process
The government will continue to support Air India during the disinvestment process and honour committed financial obligations till any further direction, union minister Jayant Sinha told the Lok Sabha today. In a...
Boeing eyes India tie-ups for drones, digital technology
Boeing Co. is in talks with Indian companies to collaborate on drones, digital technology and aerospace services, a top company executive said. The US-based aircraft maker is already making the fuselage of its Apache...
Pawan Hans employee union urges PMO to merge company with ONGC
Pawan Hans could be merged with state-owned ONGC or made its subsidiary, a section of employees at the helicopter service provider has suggested even as they opposed the government’s disinvestment plan. The...
Air India disinvestment: Govt to float a RFP for merchant bankers soon
The government will soon float a request for proposal (RFP) for selection of transaction adviser, legal adviser as well as asset valuer for the proposed Air India disinvestment. The Cabinet Committee on Economic Affairs...
Air India stake sale: Parliamentary panel to hear govt views this week
A Parliamentary panel will hear on August 8 the views of various stakeholders on the disinvestment of national carrier Air India and Pawan Hans Limited. While a group of ministers, headed by Finance Minister Arun...
Qatar Airways reverses decision to buy into American Airlines
Qatar Airways will not proceed with its proposed financial investment in American Airlines, reversing an earlier decision to build a stake of up to 4.75% in the US carrier, the state-owned airline said in a statement...
IndiGo may junk sale-and-leaseback model, opt for outright buys
IndiGo would replace the industry’s traditional sale-and-leaseback model for aircraft financing with outright purchases for some of its future fleet additions, underscoring the focus on cutting total ownerships expenses...
Air France buys 31% stake in British carrier Virgin Atlantic
Air France has taken a big piece of Britain’s second-biggest long-haul airline, Virgin Atlantic. According to The Independent, the French airline, which also owns KLM of the Netherlands, is to buy a 31 per cent...
Govt panel to consider Air India debt write-off
The aviation ministry and the Department of Investment and Public Asset Management (Dipam) will on Friday present to a ministerial panel their recommendation on the amount of debt that needs to be written off Air...
Resolving Air India debt priority of aviation ministry
The government will prepare a list of options on how to deal with Air India Ltd’s massive debt before taking the next step towards privatisation of the national carrier. The decision was taken at a meeting of the group...
