Aviation
‘Cheated’ GMR demands $800 mn from Maldives
15 Dec 2012
GMR is seeking compensation from the Maldives for debt incurred on taking up the project, loss of equity, profit, reputation and damages to sub-contractors
IATA revises industry outlook upwards
13 Dec 2012
Delta buys Singapore Airlines' 49 % stake in Virgin Atlantic
12 Dec 2012
Virgin Group and Sir Richard Branson will continue to hold a majority 51 per cent stake in Virgin Atlantic, while Delta will get three seats on Virgin Atlantic’s board.
VistaJet bringing luxury aviation to India
11 Dec 2012
Chinese consortium to buy 80 % of AIG’s aircraft leasing unit ILFC for $4.23 bn
10 Dec 2012
Under the deal that has to be passed by the US regulators, a Chinese consortium led by New China Trust Co Ltd will buy 80.1 per cent of AIG's International Lease Finance Corp, for $4.23 billion, valuing it at $5.28 billion.
China to gain from forced exit of GMR from Male airport project
08 Dec 2012
The forced exit of GMR Infrastructure from the Male airport project could work to the advantage of China, say experts
