World News

Boeing 737 MAX planes restricted in Indian airspace following Ethiopian crash

Indian civil aviation ministry had stated late on Tuesday that it would ground 737 MAX immediately. Jet Airways Ltd and SpiceJet Ltd, two top Indian airlines, operate Boeing 737 MAX 8 aircraft. It has not detailed the types involved, but FlightRadar24 data shows its five once-active 737 MAX jets were grounded before the Ethiopian crash. […]

M&A World News

Stakeholders approved deal to sell 80% of Brazil’s Embraer commercial jet division to Boeing

Stakeholders approved deal to sell 80% of Brazil’s Embraer commercial jet division to Boeing The exchange esteems Embraer’s commercial aircraft operations at 5.26 billion USD and Boeing’s 80% offer at 4.2 billion USD. – TFM Watch Stakeholders of Brazilian aircraft producer Embraer endorsed the pact to sell 80% of the its commercial jet division to […]

Finance Update

Malaysia’s AirAsia recorded its third consecutive quarterly loss

Malaysia’s AirAsia X posts Q4 net loss on impairment, higher fuel expense The long-haul offshoot of Malaysia’s flagship budget airline AirAsia Group said in an exchange statement it provided an impairment due from a joint venture amounting to 24 million ringgit ($5.89 million) during the fourth quarter. TFM Watch Malaysia’s AirAsia X recorded its third […]

Business News

Rescue Deal: Jet Airways to seek approval from its shareholders to convert debt into 114 million shares

Debt-laden Jet Airways edges closer to safety Jet will take the resolution plan to its shareholders later in the day where it will seek their approval to convert debt into 114 million shares. (Reuters) – India’s Jet Airways Ltd, after several attempts at finding help to save the carrier from a crippling pile of debt, […]

M&A World News

Air France and KLM have reached a compromise on tightening ties between the airlines

Air France and KLM end power struggle, agree to closer ties Air France-KLM Chief Financial Officer Frederic Gagey said the Air France-KLM plan involves better coordination and closer sharing of activities such as purchasing. The Associated Press Air France and KLM have reached a compromise on tightening ties between the airlines, ending a power struggle […]