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Gulf carriers eye investing in Indian airlines

Rapidly-expanding Gulf airlines could invest in Indian carriers such as SpiceJet and Kingfisher Airlines, as the government in Delhi considers easing restrictions on stake-building by foreigners in lo

Foreign airlines to take stakes in Indian carriers

NEW DELHI, India - After 16 years, the government is set to again allow foreign airlines to take stakes in Indian carriers later this week.

Mercury Air Group acquires 50 percent stake in Trans Asia Charters

LOS ANGELES -- Mercury Air Group, Inc., a worldwide aviation services company specializing in jet fuel, air cargo and U.S.

Vote puts government’s stake in Kenya Airways in doubt

According to the reports from Nairobi, Kenyan parliament has slashed the budget estimate for the government retaining its significant 23% stake in Kenya Airways (KQ), passing only 2.5 billion of 5.5 b

Air France, Delta seek to buy out Branson of Virgin Atlantic

The airlines, which are both members of the powerful SkyTeam alliance, have appointed Goldman Sachs to advise them on a potential approach.

Russian oligarch raises stake in German tourism group

FRANKFURT — German tourim group TUI said on Monday that Russian steel magnate Alexei Mordashov has raised his stake in the firm to 20.a45 percent because he is convinced of the group's growth potent

Ukrainian government to sell its stake in national flag carrier

KIEV - The government of Ukraine announced that it will sell its stake in Ukraine International Airlines (UIA) by the end of the year. The government owns 61.58% stake in the country's flag carrier.

Montenegro to sell 30 percent of of its national carrier

The government of Montenegro has announced that it will sell a 30% stake in Montenegro Airlines.

Tourism chief: Cumbria could lose out in the tourism stakes

Cumbria could lose out to Scotland, Wales and Ireland in terms of future visitor numbers, the county's tourism chief has warned.

SAS dumps its stake in regional airline Skyways

Scandinavian airline SAS on Monday sold its remaining 19.9 percent stake in regional airline Skyways for a capital loss of about 40 million crowns ($5.54 million).

Emirates president: Buying a stake in AMR wouldn’t make sense

Emirates, the biggest airline by international traffic, said it has no plan to acquire a stake in AMR Corp., denying speculation of a linkup with the parent of American Airlines.

Indian media baron seeks to acquire controlling stake in SpiceJet

NEW DELHI — Indian media baron Kalanithi Maran made an open offer to shareholders of SpiceJet Ltd.

Air Berlin to increase stake in Niki airline

Frankfurt - German airline Air Berlin PLC says it will increase its stake in Austrian carrier Niki Luftfahrt GmbH, to 49.9 percent from 24 percent.

Aer Lingus: Ryanair’s “poison-pill” shareholding blocks alliances

Aer Lingus has accused arch-rival Ryanair of deterring the likes of British Airways from taking a stake in the business because of Ryanair's "poison-pill" shareholding in Ireland's national airline.

American Airlines may buy equity in JAL

American Airlines, the world’s second-largest carrier, may buy equity in Japan Airlines Corp. to prop up an ally that forecasts its fourth loss in five years, people familiar with the plan said.

Air China’s stake in Cathay Pacific to go up to 29.99%

Air China Ltd. will spend HK$6.3 billion ($813 million) to raise its stake in Cathay Pacific Airways Ltd. to 29.99 percent, expanding its presence in Hong Kong after being shut out of Shanghai.

El Al in talks to buy Montenegro Airlines stake

PODGORICA - Israel's El Al is in talks to buy 30 percent of state-owned Montenegro Airlines, officials from the two airlines said on Monday.

Four groups interested in Czech Airlines

PRAGUE - The Czech Republic received four preliminary bids for its 91.5 percent stake in Czech Airlines CSA and said the winner should be known by the end of September at the latest.

Tanzania sells 49 pct of airline to Chinese firm

DAR ES SALAAM - Tanzania plans to sell a 49 percent stake in its state-run Air Tanzania to a Chinese firm that will help it buy nine planes, a senior government official said on Wednesday.

SkyWest buying stake in Brazil airline

NEW YORK - US-based SkyWest Airlines will buy a 20 percent stake in Brazilian regional carrier Trip, seeking a foothold in the South American nation's rapidly expanding passenger air travel market, th

Lufthansa to buy stake in Brussels Airlines

FRANKFURT, Aug 28 (Reuters) - Deutsche Lufthansa AG, Europe's second-largest airline, plans to pay 65 million euros ($96.1 million) for a 45 percent stake in fledgling carrier Brussels Airlines with t

Austrian minister foresees major partner for airline

Austrian Airlines Group is most likely to seek links with a major partner, and the government may sell its entire stake to help the process, Finance Minister Wilhelm Molterer said. The stock fell the most in 6 1/2 weeks.