Jet AirwaysBSE 0.17 % plans to raise $100 million, or almost Rs 680 crore, in US dollar-denominated debt by March 2017 to refinance rupee-based loans, so that it can almost halve its borrowing rate, a person familiar...
Delta Air to end codeshare deal with Alaska Air
Delta Air Lines Inc (DAL.N), which has expanded its own operations in the Pacific Northwest, will end its codeshare agreement next year with Alaska Air Group Inc (ALK.N), which is acquiring Virgin America Inc VA.O...
U.S. gives final approval to Delta-Aeromexico venture
The U.S. Transportation Department said on Wednesday it had granted final approval to an alliance agreement submitted by Delta Air Lines Inc (DAL.N) and Aeromexico (AEROMEX.MX). The decision lets Delta and Aeromexico...
Jet Airways likely to raise $300 million for expansion on international routes
Jet Airways India Ltd, the carrier part-owned by Etihad Airways PJSC, is seeking to raise about $300 million to fund expansion on international routes, people with knowledge of the matter said. Jet Airways, India’s...
Alaska Air Wins U.S. Approval for Virgin America Takeover
Alaska Air Group Inc. won U.S. antitrust approval for its acquisition of Virgin America Inc., a takeover that extends years of consolidation in the industry and expands Alaska Air’s access to the lucrative cross-country...
Starboard questions Rockwell Collins’ B/E Aerospace deal: source
Activist investor Starboard Value LP has acquired a stake in aircraft component maker Rockwell Collins Inc (COL.N) and is questioning its $6.4 billion purchase of B/E Aerospace Inc (BEAV.O), a person familiar with the...
Malaysia’s AirAsia invests Rs 115 cr more in AirAsia India
NEW DELHI: Malaysia’s AirAsia Berhad has pumped in additional funds worth Rs 115 crore in AirAsia India, which reported a net loss of Rs 62 crore in the latest September quarter. In AirAsia India, which started...
Alaska Air nearing settlement with U.S. on Virgin deal: source
Alaska Air Group Inc is close to reaching a settlement with U.S. antitrust officials that will allow it to complete its proposed $2.6 billion acquisition of Virgin America Inc, according to a person familiar with the...
Prem Watsa’s BIAL stake buy still stuck at security clearance
BENGALURU: Security clearance for Prem Watsa’s investment in Bengaluru airport is turning out to be a headache for authorities as the Centre dithers over the issue, raising uncertainties over the stake purchase by...
Brazil says LATAM, IAG airline deal could pose competition problems
Brazil’s competition regulator Cade said on Monday that a deal between LATAM Airlines LAN.SN, British Airways and Iberia (ICAG.L) could have a negative impact on routes between Brazil and Europe. Chile...
Mega Maldives Airlines eyes partnership with Indian carriers
NEW DELHI: Mega Maldives Airlines, which will start direct flights from the national capital to Male this month, is in discussions with some Indian carriers for a possible partnership. Seeing India as one of the largest...
U.S. tentatively approves Delta-Aeromexico venture
Delta Air Lines Inc (DAL.N) and Aeromexico can set prices and coordinate schedules for their U.S.-Mexico flights, but they must free up certain airport slots to bolster competition, the U.S. Transportation Department...
