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Singapore Airlines to secure stake in Air India as part of deal with Tata Sons

By TBM Staff - Mumbai Tuesday, 29 November 2022, 5:45 PM 582

Singapore Airlines Ltd (SIA) today said it would emerge as a 25.1% owner of Air India, as part of a deal that would merge its Vistara full-service airline joint venture with Tata Sons, into India’s national carrier. SIA will invest USD 250 million into Air India as part of the transaction, the Singaporean carrier said […]Continue Reading

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Germany sells full stake in Lufthansa for USD 760 mn

By TBM Staff - Mumbai Thursday, 15 September 2022, 1:00 PM 397

Germany raised 760 million euros (USD 760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during covid-19 lockdowns. The country’s Economic Stabilization Fund, or WSF, disposed of its remaining 9.92% of Europe’s largest airline via a placement […]Continue Reading

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SpiceJet in talks with investors for stake sale

By TBM Staff - Mumbai Thursday, 4 August 2022, 12:00 PM 510

According to its senior executive, SpiceJet is believed to be in talks with potential investors for a likely stake sale, reports Jagriti Chandra for The Hindu. “There are discussions going on because we need to raise capital at this point of time. We are speaking to various stakeholders who have interest,” said the official. The […]Continue Reading