Haier Smart Home entered into a stock purchase agreement with Carrier Global Corporation to acquire Carrier’s Commercial Refrigeration Business (“Carrier Commercial Refrigeration”) through acquiring 100% of the equity interest in Carolin Holdings B.V. Carrier, for total consideration of approximately USD 640 million, which represents 11x 2022A P/E. The Transaction marks Haier Smart Home’s expansion from its…
Vistara, a full-service carrier, has planned to continue with pay cut for staff till March. The company will do away with the three-day leave without pay for pilots effective from January 1. “For the pilots, the carrier will implement a 10 percent salary cut while at the same time increase their monthly base flying allowance to…
GoAir, a Budget carrier, to expand services to the United Arab Emirates with the launch of new flights to Sharjah from Mumbai, Delhi, Kochi and Kannur. According to the announcement, these flights will start from Friday. Currently, flights to the UAE are operated under an Air Bubble Agreement since international commercial flights to and from…
CEO Ronojoy Dutta of IndiGo has announced the removal of leave without pay for staff across all departments. The announcement will be effective from January 1, 2021. The same day government also allowed airlines to utilise 80 per cent of their pre-Covid capacity seeing to the increasing number of passengers. Domestic air traffic recorded a…