After Air India-Indian Airlines, Jet Airways-Sahara and Kingfisher-Deccan Aviation, another aviation merger is in the air.
Madurai-based Paramount Airways is interested in acquiring the Mumbai-based budget carrier GoAir, promoted by the Wadia group.
Sources close to the developments said the investment bankers of Paramount Airways have expressed their interest and initiated discussions with GoAir representatives. The talks, however, have not made much headway as yet as GoAir is reluctant to move ahead.
Paramount Airways, which currently operates only in south India, has firmed up plans to enter the western region. GoAir has only four leased aircraft but Paramount is more interested in its slots, parking bays, pilots and other infrastructure, sources said.
GoAir had earlier indicated its plan to dilute 26-40 per cent equity through a private equity placement.
Read more in The Economic Times article.
Showing posts with label Indian. Show all posts
Showing posts with label Indian. Show all posts
Monday, June 4, 2007
Wednesday, May 23, 2007
Air India-Indian combine may hit market next year
The government on Tuesday said the merged national carrier, Air India, would wear a new look and logo. The merged company would go in for an initial public offer in 2008.
Giving details on how the merged entity between Air India and Indian would look, civil aviation minister Praful Patel said the brand, Air India, has been retained for its global and national recognition. “It will use the Maharaja as its mascot and a combined logo of the two merged airlines,” he said. The logo of the new airline is a combination of the flying swan from Air India and the ‘Konark chakra’ from Indian’s logo.
The design components of the new logo and livery have been drawn after merging some of the current features of both Air India and Indian. Mr Patel said the merged entity would start combined operations from July. The new company, National Aviation Company, would have its registered office in Delhi, while its corporate office would be located in Mumbai.
The merged airline would have a fleet size of over 100 aircraft. The minister said the new entity would add 25 new aircraft over next year, starting July this year. The new planes would have in-flight services comparable to international airlines, with the latest entertainment systems on board.
Read more in The Economic Times article.
Giving details on how the merged entity between Air India and Indian would look, civil aviation minister Praful Patel said the brand, Air India, has been retained for its global and national recognition. “It will use the Maharaja as its mascot and a combined logo of the two merged airlines,” he said. The logo of the new airline is a combination of the flying swan from Air India and the ‘Konark chakra’ from Indian’s logo.
The design components of the new logo and livery have been drawn after merging some of the current features of both Air India and Indian. Mr Patel said the merged entity would start combined operations from July. The new company, National Aviation Company, would have its registered office in Delhi, while its corporate office would be located in Mumbai.
The merged airline would have a fleet size of over 100 aircraft. The minister said the new entity would add 25 new aircraft over next year, starting July this year. The new planes would have in-flight services comparable to international airlines, with the latest entertainment systems on board.
Read more in The Economic Times article.
Subscribe to:
Posts (Atom)
