Rhik Kundu
Stories by Rhik Kundu
India’s domestic airline IndiGo to raise up to $533.3m via QIP
IndiGo has hired Citigroup Global Markets and Bank of America to advise on its proposed QIP.
AirAsia may eventually exit India JV: Report
India and Japan are said to be peripheral markets for the Malaysian no-frills airline.
Rahul Bhatia’s InterGlobe Enterprises bows out of Virgin Australia bid
Bain Capital, BGH Capital, Indigo Partners and Cyrus Capital Partners are the four potential bidders.
InterGlobe Enterprises plans to bid for bankrupt Virgin Australia
Some 19 parties were interested in buying the airline, which entered voluntary administration last month
India: HDFC Trustee Company acquires 5.45% stake in SpiceJet
India’s aviation industry is expected to post losses of $3-3.6 billion in the June quarter.
French Groupe ADP to pick up 49% stake in GMR Airports
GMR Airports owns and operates Delhi International Airport. It also runs the Hyderabad International Airport.
India: Far East Development Fund evinces interest to bid for Jet Airways
Russian govt fund’s interest comes on day airline’s lenders extend deadline for bids.
South America’s Synergy Group submits new bid for Jet Airways
Lenders to Jet Airways have set a final deadline of 15 January for the submission of expressions of interest.
India: Jet Airways lenders seek fresh bids for grounded airline
NCLT approved extension of Jet Airways’ Corporate Insolvency Resolution Process (CIRP) by 90 days after the lenders failed to find a new buyer.
Tata Group-led consortium tweaks structure of GMR Airports deal
Tata will hold 14.7% and GIC 19.8%, while SSG’s stake will remain unchanged at 9.9% under new structure.
