Vodafone Group Plc’s $1.6 billion plan to buy out the local partners in its Indian unit won government approval, six months after the South Asian nation ended limits on foreign ownership in the sector.
AirAsia Bhd., the region’s biggest budget airline, is aiming to start flights in India and bring more competition to one of the world’s fastest growing markets. The only thing standing in the way: a law dating back to the 1930s.
Singapore Airlines Ltd., Southeast Asia’s biggest carrier, and the Tata Group aim to start their joint-venture airline in the second half of this year, to tap surging air travel in world’s second-most populous nation.
Jet Airways (India) Ltd., the nation’s biggest publicly-traded carrier, fell the most in a week in Mumbai trading after the government deferred a decision on the airline’s plan to sell a stake to Etihad Airways PJSC.
Jet Airways (India) Ltd. won approval from India’s investment panel to sell a stake to Etihad Airways PJSC, the first share sale by a local carrier to a foreign airline after the nation eased ownership rules.
Singapore Airlines Ltd., Southeast Asia’s largest carrier, posted its biggest quarterly profit in two years after it carried more passengers and gains from hedging jet fuel helped trim the company’s biggest expenditure.