Tag Archives: stake

Analysis: Qatar buys 9.61% of Cathay Pacific for $662 million for China foothold

After being rebuffed in its attempt to buy a stake in US carrier and fellow oneworld member, American Airlines Group, national carrier Qatar Airways Q.C.S.C. has bought a 9.61% stake in another fellow oneworld carrier Cathay Pacific Airways Limited. Qatar Airways bought 378,188,000 shares of Cathay Pacific from Kingboard Chemical Holdings and its allied companies for HK$5.2 billion (approximately US$662 …

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GVK to sell 33% stake in BIAL to Fairfax

The main passenger terminal building at Bangalore Airport.

As part of its debt reduction exercise, GVK Power & Infrastructure Ltd, which leads a consortium owning Bangalore International Airport Ltd (BIAL), through wholly owned subsidiary GVK Airport Developers, has announced it will sell a 33% stake in the airport operating company to Prem Watsa promoted Fairfax India Holdings Corporation and Fairfax Financial Holdings Limited for Rs. 2,149 crore (approx …

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Tatas and its nominee Directors to take majority stake in AirAsia India

S Ramadorai, Ratan Tata, Tony Fernandes and Mitu Chandilya with AirAsia staff

Tata Sons Limited and its nominated Directors Mr. S. Ramadorai (Chairman) and Mr. R. Venkataramanan, have together entered in to an agreement to take over the stake of Arun Bhatia promoted Telestra Tradeplace Limited in Air Asia India Limited, to gain a majority stake in the airline. Air Asia India is a joint venture promoted by Tony Fernandes promoted AirAsia …

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Will the Etihad deal end Jet Airways’ funding woes?

Jet Airways Boeing 777-300ER VT-JEG performing flight 9W117 from London approaches Mumbai airport

[bsu_note note_color=”#affbcd” text_color=”#070707″ radius=”4″] By the numbers A fortnightly financial analysis column by independent financial analyst Nupur Sarraf. The views are of the author and Bangalore Aviation may not subscribe to them in full or in part.[/bsu_note] Jet Airways has once again turned to Etihad to raise funds. The Indian carrier is in talks with the Middle Eastern airline to …

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Qatar Airways in talks with IndiGo, denies interest in SpiceJet

Qatar Airways Boeing 787-8 Dreamliner A7-BCF.

National carrier Qatar Airways has issued a statement denying any interest in picking up a stake in Gurgaon based SpiceJet. The middle-eastern carrier says This release is to confirm that Qatar Airways is not in talks to pursue a commercial stake in SpiceJet. There is no interest from the airline to engage in a partnership with the Gurgaon-based airline. Qatar …

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It is official. Marans to transfer SpiceJet ownership to Ajay Singh

SpiceJet Boeing 737-800 VT-SPJ. Photo copyright Devesh Agarwal.

The announcement at the Bombay stock exchange by SpiceJet Ltd. says it all. Spicejet Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2015, inter-alia, has taken on record the proposal of the principal shareholder and Promoter, Mr. Kalanithi Maran and KAL Airways Private Limited to transfer the ownership, management …

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Jetihad is born. Jet Airways completes 24% stake sale to Etihad Airways

Abu Dhabi-based Etihad Airways and Mumbai-based Jet Airways today announced that they have closed the transaction of a 24% equity stake by Etihad Airways in Jet Airways. In a release they said “All requisite Indian regulatory approvals had been obtained by November 12th, 2013. Jet Airways has, on November 20th, 2013, issued and allotted 27,263,372 equity shares of a face …

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A detailed behind the scene insight on the making of the Jet Etihad deal

by Devesh Agarwal The aviation enthusiast community may not have too much respect for The Economic Times newspaper when it comes to technical accuracy when reporting aviation related stories, but hats off to a great article that goes in to the depths on how the deal for a 24% stake by Etihad Airways in Jet Airways was negotiated and struck. …

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Ethiad Airways increases stake in Virgin Australia to 19.9 percent

By BA Staff Etihad Airways, the national airline of the United Arab Emirates, confirmed its equity stake in Virgin Australia Holdings had reached 19.9%. This follows a series of on-market purchases of Virgin Australia shares over recent weeks. The Abu Dhabi-based airline now holds more than 515 million shares in the airline. At 19.9%, Etihad Airways has reached the threshold …

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Sudheer Raghavan leaving Jet Airways?

by Devesh Agarwal The rumour mill has that Jet Airway’s Chief Commercial Officer Sudheer Raghavan will be leaving the airline soon and is expected to be succeeded by Mr. Wayne Pearce, currently the CEO of Oman Air. Pearce reportedly enjoys a good rapport with Etihad CEO James Hogan. Etihad which is in the process of completing a 24% stake purchase …

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Analysis: Jetihad partnership a big winner for the two airlines

by Devesh Agarwal Jet’s A330 fleet is expected to be deployed to Abu Dhabi The 24% stake sale by Jet Airways to Abu Dhabi owned and based Etihad Airways is a bonanza for both the airlines. For Jet Airways it gets a significant amount of cash it desperately needs to reduce part of its massive two billion dollar debt, since …

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Jetihad is born. Etihad buys 24% stake in Jet Airways for $379 million. To inject additional $220 million.

Etihad Airways to inject additional $220 million in to Jet Airways by Devesh Agarwal We are reproducing the official release. Our analysis of this transaction will follow next week. Jet Airways and Etihad Airways at a glance   Highlights Strategic investment under FDI policy of the Government of India will deliver wide-ranging revenue growth and cost synergy opportunities for both …

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