Greece has begun preparations for the sale of 30% stake in Athens International Airport through an initial public offering (IPO) and separate agreements with shareholders AviaAlliance and the Copelouzos family, Athens...
Creditors say yes to fresh bids for Go First
Creditors to bankrupt Go First Airlines have unanimously voted to allow fresh proposals from prospective resolution applicants (RAs) to take over the defunct airline, more than a month after receiving no submissions in...
Air India Express taps NCLT doors for final nod to its merger plans with AIX
In a strategic move for the coming year, Tata Group is progressing towards the consolidation of its four airlines. According to a TOI report, Air India Express has initiated the ‘second motion’ for a final...
Norway greenlights Norwegian Air’s $110 mln takeover of Wideroe
Norway’s competition watchdog said on Thursday it has approved the planned acquisition by Norwegian Air of domestic rival Wideroe after previously warning it could block the deal. “We have now concluded that...
SpiceJet confirms interest to acquire bankrupt airline Go First
Cash strapped airline SpiceJet has expressed interest with the Resolution Professional (RP) of Go First and confirmed that it wishes to submit an offer post diligence, the company said on Tuesday. In an exchange filing...
SpiceJet gets some respite as NCLT dismisses Willis Lease plea for insolvency
In some relief for SpiceJet, the National Company Law Tribunal on Monday dismissed a plea by aircraft lessor Willis Lease Finance Corp. to initiate insolvency proceedings against the cash-strapped airline. But apart...
NCLT junks insolvency plea against SpiceJet
The National Company Law Tribunal on Monday dismissed the insolvency petition filed by Willis Lease Finance Corporation against budget airline SpiceJet. Willis Lease Finance Corporation had filed a petition under...
Alaska Air to buy peer Hawaiian for $1.9 billion
Alaska Air Group Inc said on Sunday it would acquire Hawaiian Holdings Inc (HA.O) for $1.9 billion, including debt, placing a bet on a troubled airline with lucrative routes as U.S. antitrust regulators fight...
NCLT okays 90-day extension for Go First resolution process
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...
