IndiGo has sought the hand of Air India, but its investors are clearly not in favour of the alliance. InterGlobe Aviation Ltd’s share fell by 7.7% on the National Stock Exchange (NSE) in two days after its overture...
Air India stake sale: Panel headed by Arun Jaitley to oversee process
Senior Union ministers Nitin Gadkari, Suresh Prabhu, Piyush Goyal and Ashok Gajapathi Raju will be part of a five-member ministerial panel headed by finance minister Arun Jaitley tasked with deciding the process of...
Tata’s JV partner Singapore Airlines keen to expand network in India
Singapore Airlines wants to expand its network in India to tap growth in international passenger traffic. Singapore Airlines along with its group airlines – Silk Air, Scoot and Tigerair- operate 175 flights each...
IndiGo wants Air India’s overseas business
Just a day after the Union Cabinet gave its nod for Air India’s disinvestment, private carrier IndiGo has expressed an interest to buy the international business of the airline. IndiGo is the largest airline in terms of...
Not that courageous to invest in Air India: Anand Mahindra
“I don’t possess that much courage” to invest in Air India, noted industrialist Anand Mahindra has said amid the government deciding to sell stake in the loss-making airline. To revive the carrier, the...
Cabinet nod for disinvestment: Air India stake sale takes off
The government on Wednesday gave in-principle approval for disinvesting stake in state-owned Air India. Whether or not the airline will be fully privatised is not yet known. “The Cabinet has accepted the recommendations...
Go Air open to tying up with regional carrier
Go Air is open to tying up with regional carriers to chip in its bit towards realising the Narendra Modi government’s ambitions of connecting smaller cities via air travel in India, although the low fare carrier...
Will Tata again pilot Air India? Group in talks with govt to buy airline back
As Air India’s privatisation gathers momentum, the national carrier’s history may just come a full circle. The carrier’s founder, the Tata Group, is believed to have held preliminary and informal talks with...
SpiceJet in provisional deal for 40 Boeing 737 MAX 10 jets
Indian low-cost carrier SpiceJet signed a provisional deal on Monday to buy 40 of Boeing’s newly launched 737 MAX 10 jets, becoming an inaugural customer of an aircraft designed to blunt strong sales of rival...
Tata, Lockheed Martin partner to make F-16s in India
Tata Advanced Systems Ltd and US plane maker Lockheed Martin Corp. have signed an agreement to produce F-16 fighters in India ahead of the government’s plan to buy more fighter jets. India is likely to need 200 more...
Lockheed nears $37 billion-plus deal to sell F-35 jet to 11 countries – sources
Lockheed Martin Corp is in the final stages of negotiating a deal worth more than $37 billion to sell a record 440 F-35 fighter jets to a group of 11 nations including the United States, two people familiar with the...
Cabinet may clear Air India selloff this week
The Union cabinet may clear the decks for the government’s stake sale in loss-making national carrier Air India this week after choosing between the option of an outright sale and partial divestment. The cabinet note...
