Rhik Kundu
Stories by Rhik Kundu
US-based investor Interups picks up 49% stake in India’s TruJet airline
TruJet plans to utilize the funds received from share sale to expand operations.
Shortlisted Air India bidders must submit offer in 2 months as government plans to wind up sale
"Choice is between disinvestment and closing down," says civil aviation minister.
Air India looks to raise $30m from domestic lenders to refinance its debt
The airline will offer 18 of its aircraft as security for the loan raised, according to the document.
Tata Group may explore AirAsia India-Vistara merger as it doubles down on aviation
Tata recently raised its stake in AirAsia India to 84%.
Tata Sons likely to bid for Air India, may persuade partner Singapore Airlines to join
Tata operates Vistara along with Singapore Airlines and wants the latter to waive off a non-compete clause.
Debt-laden Air India set to raise another $135m to refinance Boeing jetliner acquisition
The airline is planning a total fundraising of about $833m.
AirAsia India to get $50m emergency funding from JV partner Tata Group
Tata will increase its stake beyond the current 51%.
Lenders of India’s grounded Jet Airways may not give more cash to new owners
Lenders may choose to convert unsustainable debt into equity.
Lenders to India’s Jet Airways ask bidders to submit final offers by Sept 30
The carrier was admitted to the National Company Law Tribunal (NCLT) in June 2019.
India: IndiGo may shelve fundraising plan if travel picks up
The board of InterGlobe Aviation had on 10 August approved the raising of funds via a QIP.
