A two-party consortium is preparing to pump around USD125 million into Akasa Air (QP, Mumbai International), according to The Economic Times. It values the low-cost carrier, which commenced revenue operations two years ago, at about USD350 million, or a four-fold increase on its initial valuation. The newspaper cites sources close to the matter saying that
Elliott Investment Management L.P. intends to file a proxy statement with the US Securities and Exchange Commission and has named ten candidates for the board of Southwest Airlines (WN, Dallas Love Field) as it steps up its campaign against the carrier. In an August 13, 2024, statement, 11% Southwest shareholder Elliott said the proxy statement
India’s National Company Law Tribunal (NCLT) has ordered Go First (GOW, Mumbai International) to return four engines to Engine Lease Finance B.V., the specialist bankruptcy court handing down its decision on July 11. The resolution professional overseeing the carrier’s insolvency has indicated he intends to abide by the order and has already begun returning the