Royal Caribbean International and Kingfisher Airlines have formed an alliance that will offer customers conveniently bundled vacation packages as well as enhanced member benefits for members of King Club, Kingfisher Airlines’ loyalty program.
Kingfisher Airlines is one of India’s market-leading airlines and is a member-elect of the world’s leading quality airline alliance, oneworld. Royal Caribbean International

Turkey’s Celebi Holdings is to invest $100 million in its ground handling business in India by the second quarter of financial year 2012-13. The Turkish firm is an airport services provider. Celebi Holdings Vice-Chairman Canan Celebioglu Tokgoz said India provides a lot of opportunity and the firm is keen on making the country its second

Mahindra Aerospace Pvt Ltd has announced it is looking for a strategic investor, including OEMs and tier I suppliers that will help Mahindra Aerospace Pvt Ltd access both customers and technology. The firm is investing Rs.284 crore in a 20-acre new manufacturing unit at Narsapura in Karnataka for components, assemblies and aerostructures.
Mahindra Aerospace Pvt Ltd

The Integrated Helicopter Services Private Ltd (IHSPL) has established a new service centre for all type of civil Russia-made helicopters in India.  The Indo-Russian Maintenance and Repair venture was established by Russian Helicopters, a part of United Industrial Corporation (UIC) Oboronprom, and Indian company Vectra Group.
S.B. Prasher, CEO, Integrated Helicopter Services Pvt. Ltd said the

The Financial Chronicle reported Tuesday that ONGC is mulling an increase of its stake in Pawan Hans Helicopters Limited (PHHL). The move will see the firm’s shareholding rise from 21.5% to 49%, by buying additional 27.5% for around Rs.96 Crore. With the deal, the Indian government’s stake will come down to 51% from its current

Tata Advanced Systems Ltd, a subsidiary of Indian auto manufacturing giant Tata reported it had acquired a 74 per cent stake in Hyderabad based avionics firm HBL Elta Avionics Systems Pvt Ltd. HBL Elta Avionics Systems Pvt Ltd’s remaining 26 per cent stake remains under its foreign partner ELTA Systems, a unit of Israel Aerospace

Air France-KLM reported it had purchased a 26 per cent stake in Mumbai based Max Aerospace and Aviation Ltd. The Franco-Dutch aviation firm Air France-KLM is mulling a plan that will see it create an aircraft components repair facility in India. Under the terms of the agreement, Air France-KLM and Max AeroSpace will jointly build

In an announcement Wednesday, Spicejet reported that Sun TV owner Kalanithi Maran and his company KAL Airways purchased an additional shareholding, in line with an earlier deal for the acquisition of Spicejet’s 37.7 per cent stake. Maran and his firm KAL Airways bought an extra 2.28 per cent equity in Spicejet for about Rs 43.58

Kal Airways Pvt Ltd has purchased a 5.03 per cent stake in Spicejet for an estimated Rs 91.52 Crore. Kal Airways Pvt Ltd is owned by Kalanithi Maran of Sun TV and the purchase will be made up of 19.37 million shares in SpiceJet at 47.25 Indian rupees for every share. The deal was done

Reports emerged Friday that GMR Airports Holding will receive up to $200 million, about Rs 930 crore, from Macquarie SBI Infrastructure Investment. GMR Airports Holding is the wholly owned subsidiary of GMR Infrastructure Ltd. In the deal, Macquarie SBI will invest the fund through compulsory convertible preference shares of GMR Airports holding, said the reports.