The National Company Law Tribunal on Thursday allowed an appeal by the resolution professional of Go First to extend the resolution timeline of the stressed domestic carrier by 90 days till February 4, 2024. The...
Air India-Vistara merger remains on course, says Singapore Airlines
Singapore Airlines said the proposed merger of Air India and Vistara “remains on course” and is subject to approvals from regulators as well as competition authorities in several jurisdictions. Once the...
Jet Airways insolvency: NCLAT adjourns hearing to Nov 9
Insolvency appellate tribunal NCLAT on Wednesday adjourned the hearing on the Jet Airways matter to November 9 over the issue of transfer of ownership of the grounded air carrier to the Jalan Kalrock Consortium (JKC)...
Asiana backs sale of cargo unit, removing hurdle to Korean Air merger
South Korea’s Asiana Airlines said its board had approved the sale of the company’s cargo business – an important step towards allaying EU competition concerns about a proposed takeover by Korean Air...
Qantas scraps plan to buy Alliance Aviation amid regulatory hurdle
Qantas Airways will drop its A$611 million ($387 million) plan to buy out charter flight operator Alliance Aviation Services, the companies said on Thursday, months after Australia’s competition regulator blocked...
Korean Air to offer to sell Asiana’s cargo business, routes to satisfy EU regulators -sources
South Korea’s biggest carrier, Korean Air Lines, will offer to sell Asiana Airlines’ air cargo business and divest routes to four EU cities in a bid to gain EU antitrust approval for acquiring its rival, two...
WLFC asks NCLT to issue notice in Spicejet insolvency case
Willis Lease Finance Corporation requested the National Company Law Tribunal, Delhi, to issue a notice in the insolvency case filed against Spicejet on Monday. The senior counsel for WLFC argued that the company was...
Air France-KLM remains interested in TAP takeover after SAS investment
Air France-KLM maintains a strong interest in Portugal’s national carrier TAP and the purchase of a stake in Scandinavia’s SAS does not affect its ability to take part in TAP’s privatisation, a...
Air India, Vistara merger: Creditors to vote on merger proposal on Sept 23
Tata-owned Air India and Vistara have asked for permission from their creditors to merge the two airlines. On Thursday, The Economic Times (ET) reported that creditors will vote on the proposal on September 23. Sources...
JetBlue agrees to sell Spirit assets in Boston, Newark to Allegiant
JetBlue Airways Corp said it had agreed to sell all of Spirit Airlines assets at Boston and Newark Liberty airports to Allegiant, as it works to win approval for its tie-up with Spirit. JetBlue said it had agreed to...
GE to sell stake in aircraft leasing provider AerCap
AerCap Holdings NV said a unit of General Electric Co will sell 32.4 million shares in the aircraft leasing giant through an underwritten public offering. The transaction will be worth $2 billion based on AerCap’s...
Italy’s Meloni wants Lufthansa-ITA deal cleared for takeoff
Italian Prime Minister Giorgia Meloni questioned why European authorities had not cleared a deal for Germany’s Lufthansa to invest in ITA Airways, the successor to Alitalia. “Something curious is going on...
