Abu Dhabi-based Etihad Airways said on Thursday it had pulled out of talks with Europe’s largest tour operator TUI Group (TUIT.L) (TUIGn.DE) to create a joint venture holiday airline. As part of the deal outlined...
Government must resist distress sale of Air India: Sources
Air India’s tangible and intangible assets can well match its over Rs 52,000 crore debt burden and the government should resist a distress sale of the carrier, according to sources at the airline. As calls for...
No gradual stake sale: Air India may be privatised at one go
Privatising Air India at one go is a view that has emerged strong among the many that the Narendra Modi government is grappling with regarding the future of the airline. Business Standard has learnt from sources who are...
Air India plans to raise Rs 80 crore through sale of assets
Government-run Air India plans to raise around Rs 80 crore through sale of its seven properties, including some land parcels, as a part of its asset monetisation plan. The national carrier has mandated the state-run...
Italy kicks off Alitalia sale process
Alitalia went on the auction block on Wednesday, as Italy kicked off the process of finding a buyer to save the money-losing flag carrier. In a document signed by government-appointed commissioners, Alitalia said offers...
India-Spain civil aviation Memorandum of Understanding approved
The central government on Wednesday approved a cooperation agreement between India and Spain in the civil aviation sector. The decision to approve the signing of a Memorandum of Understanding (MoU) on cooperation in the...
China’s HNA nears deal to buy Odebrecht’s Brazil airport stake: source
HNA Airport Holding Group Co Ltd is close to buying out the stake that engineering conglomerate Odebrecht SA has in Brazil’s second-busiest international airport, a person briefed on the matter said on Monday...
Safran could lower, restructure Zodiac offer – source
France’s Safran (SAF.PA) is exploring plans to lower its $9 billion bid for Zodiac Aerospace (ZODC.PA) and may simplify its structure amid continued turmoil at the seats maker and pressure from its own...
Rockwell to win EU approval for B/E Aero takeover – sources
U.S. aircraft component maker Rockwell Collins (COL.N) is set to gain unconditional EU approval for its $6.4 billion bid for aircraft interior maker B/E Aerospace (BEAV.O), two people familiar with the matter said on...
Indian-origin’s startup Zunum Aero attracts investments from Boeing
A hybrid electric aircraft startup founded by an Indian-origin entrepreneur has received investments from aerospace giants — Boeing and JetBlue owing to its goal to develop alternative propulsion aircraft. Zunum Aero...
Cabinet approves India-France MoU in civil aviation
The Cabinet today cleared the pact between the Airports Authority of India (AAI) and France’s DGAC for technical collaboration in the civil aviation space. The memorandum of understanding (MoU) would be between...
China Southern in talks over American Airlines tie-up
China Southern Airlines (600029.SS)(1055.HK)(ZNH.N) is in talks over a tie-up with American Airlines (AAL.O) that could involve the U.S. carrier taking a stake in the state-owned airline, boosting routes between the...
