GMR is looking at a 49:51 tie-up with AP2 for the project in Medan, which is the fourth biggest urban area in Indonesia and capital of North Sumatra province.

Valuation will be based on an earlier transaction, under which AirAsia Berhad sold its 32.6% stake, the report said

Tata group, which is in the process of taking over Air India, is looking to reduce operational costs

Industry players in the country are upgrading infrastructure, improving operations management and introducing new technologies

A return to the skies in China would be a major boon to Boeing with Jefferies saying it would be worth a 5% boost to the stock price

Regulators confiscated hundreds of automatic dependent surveillance-broadcast devices used by apps to capture aviation data

Creditors – including aircraft lessors, banks and business partners – would have to accept either a haircut or a debt-for-equity swap

Airline will now embark on recapitalisation approved by its shareholders in June 2021, with completion expected in the first quarter of 2022

IndiGo, the country’s biggest airline, operates more domestic flights on peak travel days now than it did before Covid pandemic

Chief executive says carrier took almost 500,000 domestic bookings in past two weeks, compared with 20,000 over a fortnight in August

Analysts say the conditions are right for airlines to fail with carbon targets, falling business travel and shareholder activism all bringing pressure to bear

New levy based on distance is part of the UK Budget announced by chancellor of the exchequer Rishi Sunak