Air India has “enormous” potential and efforts are on to make the group a significant international player, its CEO Campbell Wilson said on Monday. Addressing the media virtually, Wilson further said the process of integration of Vistara with Air India is underway and is now awaiting approval from the Competition Commission of India (CCI).
Carlyle Aviation to pick up 7.5% stake in SpiceJet SpiceJet
SpiceJet has restructured over $100 million outstanding dues to Carlyle Aviation Partner, into equity shares and compulsorily convertible debentures (CCDs). Aircraft lessor, Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle’s $143 billion Global Credit platform.
Feud, rude
China accused the U.S. of outright bullying and double standards in leveling what it called illegal sanctions on Chinese companies as part of U.S. actions against Russia’s Wagner Group and related companies and individuals.
TN budget to be presented on March 20
Tamil Nadu Finance Minister P T R Palanivel Thiaga Rajan will present the DMK government’s second full-fledged budget on March 20, Assembly Speaker M Appavu announced on Monday.
