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EaseMyTrip acquires minority stake in ETrav Tech

EaseMyTrip acquires minority stake in ETrav Tech

EaseMyTrip has invested about USD 4 million in ETrav Tech, giving it a 4.94% stake in the company and boosting its effort to grow its non-air segments. ETrav Tech is a B2B company serving travel

Aviation
Rakesh Gangwal sells 5.8% stake in IndiGo; raising INR 6,785cr

Rakesh Gangwal sells 5.8% stake in IndiGo; raising INR 6,785cr

IndiGo co-founder Rakesh Gangwal sells 5.8% stake in airline via bulk deal, raises INR 6,785 crore. IndiGo co-founder Rakesh Gangwal has sold a 5.8 per cent stake in operator Interglobe Aviation via a bulk deal,

Aviation
Air India-Vistara merger: awaiting FDI & regulatory approvals, says SIA

Air India-Vistara merger: awaiting FDI & regulatory approvals, says SIA

Singapore Airlines (SIA) has said the proposed merger of Air India and Vistara is in progress, and they are awaiting foreign direct investment and other regulatory approvals. Vistara is a joint venture between Singapore Airlines

Aviation
Carlyle Aviation to pick up 7.5% stake in SpiceJet

Carlyle Aviation to pick up 7.5% stake in SpiceJet

SpiceJet Ltd. has restructured over $100 million outstanding dues to Carlyle Aviation Partner, into equity shares and compulsorily convertible debentures (CCDs). Aircraft lessor, Carlyle Aviation Partners is the commercial aviation investment and servicing arm of

Aviation
IndiGo co-founder Rakesh Gangwal resigns from Board

IndiGo co-founder Rakesh Gangwal resigns from Board

One of the co-founders of Indian airline IndiGo, Rakesh Gangwal, has resigned from the board, its parent company Interglobe Aviation said in an exchange filing on Friday. Gangwal, a non-executive, non-independent director intends to slowly

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