Ace Aviation In a major development in India’s aviation insolvency landscape, Malta-based Ace Aviation has signed Sale and Purchase Agreements for three Boeing 777-300ER aircraft previously owned by Jet Airways.
Aica Kogyo Acquires Stylam Industries: Japanese conglomerate Aica Kogyo Company Limited has acquired a controlling stake of up to 53.12% in Stylam Industries Limited in a transaction valued at approximately $225 million. The acquisition was carried out through secondary purchases from existing promoters and triggers a mandatory open offer under Indian takeover regulations.
