AirAsia, Asia’s biggest budget airline, will kick off the sale of a majority stake in its plane-leasing unit this month, a deal that could value the business at about $1 billion, people familiar with the matter...
Airbus, Safran finalize space launchers merger
Airbus Group (AIR.PA) and Safran (SAF.PA) pledged on Thursday to make Europe competitive in the face of U.S. low-cost rival SpaceX as they completed a deal to merge their space launcher activities. The two aerospace...
Indian Airlines merger has caused Air India’s downfall: Ashwani Lohani
The merger of the erstwhile Indian Airlines and Air India is to blame for the downfall of Air India, says the man at the helm of the government-owned national Airlines. In an exclusive interaction with Mihir Mishra, Air...
Spaceflight Industries Closes $25 Million Financing Round Led by Mithril
Company also acquires geospatial data firm to expedite delivery of its BlackSky satellite imaging platform. SEATTLE–(BUSINESS WIRE)–Spaceflight Industries, a next-generation space company dedicated to...
Etihad open to hiking stake in Jet
Etihad Airways could open to increasing its stake in Jet Airways, following the government opening the sector further to foreign investment. On June 20, the airline said: “Etihad Airways is a committed, long-term...
Aerospace Hi-Tech plans acquisitions
Aerospace Hi-tech Holding Group Co Ltd * Says it plans to acquire 100 percent stake in Hiwinglux S.A., 97 percent stake in IEE S.A. and 100 percent stake in Navilight S.a.r.l. * Says it plans to raise up to 1.67 billion...
Alaska Air looking to buy Virgin America for $2 bn
Alaska Air Group Inc is nearing a deal to acquire Virgin America Inc, the ninth-largest US airline by passenger traffic, for more than $2 billion, having outbid JetBlue Airways Corp, people familiar with the matter said...
Singapore-based Changi Airport buys 26% stake in BAPL
Singapore-based Changi Airport International has picked up 26 per cent equity stake in Bengal Aerotropolis Projects (BAPL). The company engaged in the development of the airport city project in Andal will invest Rs...
Jet Air chief objects to foreign airlines acquiring stakes in domestic carriers
The Naresh Goyal-promoted Jet Airways, the country’s second-largest private airline by the market share , is opposed to the government’s plan to allow foreign airlines to invest in domestic carriers. His...
SpiceJet looks to acquire rival airline
Low-cost airline SpiceJet, which attracted $80-million investment from US billionaire Wilbur Ross last year, is looking to acquire a rival budget airline, and start international and regional operations, said its chief...
SpiceJet open to acquisition opportunities
It may be troubled times for the airlines business, but low-cost carrier SpiceJet sees an opportunity in this and is keeping its antenna up to see if some worthwhile carrier comes its way at ‘right price’...
Gopinath ready to offload 10% stake in Kingfisher
With no private equity deal expected soon to finance his cargo business, Captain Gopinath, pioneer of low-cost flying in India, is open to the idea of selling his 10% stake in Vijay Mallaya’s Kingfisher Airlines...
