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Akasa Air Secures $130M via Stake Sale

ByAdmin 14/12/202417/12/2024

Akasa Air, a fast-growing airline based in India, will receive a capital injection of $130-140 million following a minority stake sale to a consortium of Indian investors, including Premji Invest and Claypond Capital. This strategic move underscores the airline’s commitment to expansion and strengthening its financial position.

Lufthansa CEO to Meet Italian Economy Minister Over ITA Airways Stake Sale

ByAdmin 10/11/202413/11/2024

Lufthansa CEO Carsten Spohr and Italian Economy Minister Giancarlo Giorgetti are scheduled to meet this weekend to address a price dispute regarding the sale of a minority stake in ITA Airways, Italy’s national airline. This high-level meeting aims to overcome differences in valuation that have stalled Lufthansa’s acquisition of a stake in the airline, which the German carrier views as a…