Bangalore-based Taneja Aerospace is to float a joint venture with the state-owned TIDCO to create a new facility at Hosur as part of expanding its interest in aerospace there. The TN agency is set to pick up a small...
Tatas take pilot seat in AirAsia India, Bhatia exits
Tata Sons will soon be in the pilot’s seat of AirAsia India, holding 51 per cent stake in the low-cost airline. At present, it has 41.06 per cent. It will acquire 7.94 per cent from Arun Bhatia-controlled Telestra...
Air India weighs options to cut govt stake to 51%
Air India is in the process of evaluating several options to bring down the government’s stake once it turns profitable. The national carrier expects to turn profitable in 2018-19, two years ahead of the original...
HAL, PHL sign MoU to set up maintenance work JV
Hindustan Aeronautics Limited (HAL) and Pawan Hans Limited (PHL) signed an MoU to set up a joint venture at Rohini in Delhi to carry-out the maintenance work related to all types of helicopters and address the needs of...
United Airlines and Air NZ make revenue-sharing deal amidst NZ tourism boom
United Airlines (UAL.N) and Air New Zealand (AIR.NZ) have struck a revenue-sharing agreement, the companies said on Friday, as airlines boost flights to New Zealand’s fast-growing tourism market. The agreement is...
China’s HNA Group to buy Ingram Micro for $6 billion
Chinese aviation and shipping conglomerate HNA Group [HNAIRC.UL] is buying electronics distributor Ingram Micro Inc (IM.N) for about $6 billion, the latest in a string of overseas deals by Chinese companies. The offer...
American Airlines merges operations of unit U.S. Airways
American Airlines Group Inc (AAL.O) said its unit U.S. Airways Group merged with the company, as part of efforts to integrate operations of the businesses following a merger in 2013. American Airlines Group, the owner...
Delta Air Lines, trust offer to raise Aeromexico stake to up to 49 pct
Delta Air Lines Inc said Wednesday it intends to buy up to an additional 32 percent of Grupo Aeromexico SAB de CV, in what could be a nearly $600 million cash deal that strengthens its grip on a fast-growing market. The...
