Private equity funds KKR and Co. and Warburg Pincus are the latest to express interest in acquiring Air India’s businesses, according to two people directly aware of the development. The two buyout firms have separately...
Tata group said to have sought details of Air India disinvestment
The Tata group has informally sought details on the planned privatisation of Air India, a government official said, reflecting the group’s interest in the airline it founded in 1932. “They have asked us how do you want...
Air India chief Ashwani Lohani tells staff stake sale will be a ‘win-win solution’
Air India chairman Ashwani Lohani wrote to the carrier’s employees on Tuesday, broaching its planned disinvestment for the first time, calling it an “offshoot” a Rs 50,000-crore debt problem which left unresolved...
Selling even minority stake in Air India not a cakewalk
Prime Minister Narendra Modi’s cabinet has signed off on a plan to sell all or part of Air India, a debt-ridden, state-run carrier with the most unusual baggage. The airline’s balance sheet includes commercial space...
Jet Airways to raise funds for fleet expansion
Jet Airways is looking to raise capital to fund its fleet induction and expansion plans. Jet has ordered 75 Boeing 737 Max and is negotiating for additional 75 planes of the same type. The airline had also...
Air India’s Salvador Dali ashtrays and surreal debt cloud sale
Indian Prime Minister Narendra Modi’s cabinet has signed off on a plan to sell all or part of Air India Ltd., a debt-ridden, state-run carrier with the most unusual baggage. The airline’s balance sheet includes...
Global carriers, PE firms join race to acquire 24 per cent stake in Jet Airways
Global carriers Lufthansa and KLM-Air France, bulge bracket private equity funds including the Blackstone Group, KKR & Co, and TPG Capital have joined the race along with US airlines Delta to invest around $200-250...
Panel seeks details on Air India disinvestment plan from government
A Parliamentary panel has sought details from the government on giving in principal approval to its divest stake in Air India even as modalities are being worked out for the proposed divestment to revive the debt- laden...
Qatar Airways set to start buying shares in American Airlines
Qatar Airways is to press on with plans to build a stake of up to 4.75 percent in American Airlines (AAL.O) in the near future, despite the “categorical” opposition of the U.S. company’s management...
Wipro Infrastructure Engineering ties up with IAI
Wipro Infrastructure Engineering (WIN) and Israel’s largest aerospace and defence firm Israel Aerospace Industries (IAI) on Wednesday announced a strategic alliance for manufacturing composite aerostructure parts and...
Jet Airways may sell stakes to Delta; explores expansion of commercial ties
Jet AirwaysBSE -0.88 % is exploring opportunities to expand its commercial ties with American carrier Delta Air Lines into a strategic alliance involving a stake sale, two people in the know said. “Right now the focus...
What Air India’s seller and any future buyer should do to make the deal fly
At last, the government has decided to bite the bullet and sell Air India (AI). Now, the question is how: strategic sale, or sale through the stock market? Ratan Tata, possibly in alliance with Singapore Airlines, has...
