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Delta is betting that it will see a mix of business and leisure travel to Saudi Arabia as it prepares service to Riyadh. Other carriers have struggled to break into the market.
Apollo outbid Castlelake and outstructured it. Its winning approach could become the blueprint for how overseas private equity acquires European airlines under strict local ownership rules.
Neither airline hired for today’s problems. Air India is trying to make a 600-aircraft expansion look orderly, while IndiGo is trying to ensure its global ambitions don’t arrive before its widebody fleet.