Air India Acquisition, Valuation, Funding & Investors

Viet Nam Airlines JSC is an airline service provider in Vietnam. The company provides air transportation of passengers, air transportation of luggage, cargos, parcels, postal items and mails and activities of general aviation including aerial photography of the terrain, geological surveys and lead flight calibration of air stations among others.

VistaJet is a Malta-headquartered private jet operator offering global flight subscriptions via its Program membership, utilizing a fleet of 12 Bombardier Global aircraft in silver livery with red accents. Founded in 2006, the company flies over 200,000 hours annually to 96% of the world's airports, serving corporate clients from London, New York, and Dubai hubs. VistaJet provides crew consistency, onboard Italian catering by Nebbiolo, and carbon offset programs.

Allegiant Travel Co is a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the United States. It operates a low-cost, low utilization passenger airline marketed to leisure travelers in under-served cities, allowing it to sell air transportation both on a stand-alone basis and bundled with the sale of air-related and third-party services and products. In addition, it provides air transportation under fixed-fee flight arrangements. In connection with its leisure travel focus, the company has opened Sunseeker Resort Charlotte Harbor, equipped with several guestrooms and food and beverage outlets. The company's operating segments are the Airline, which generates maximum revenue, and Sunseeker Resort.

Grupo Aeromexico SAB de CV engages in providing air transport services for passengers, goods, and cargo, as well as loyalty program services, training and management services, franchise systems commercialization, and the management of investment in shares. Its services include passenger and cargo transportation, the Club Premier loyalty program, training, charter services, and other aviation-related activities. The company operates through a single operating segment, air transportation, and its geographical presence includes both domestic and international markets, with the majority of revenue coming from the international market.

Engine is a San Francisco-headquartered travel management platform for business trips, integrating with 95 percent of US airlines, hotels, and car rentals. Launched in 2021 and backed by Blackstone and Permira, it offers single-invoice billing, real-time modifications without fees, and spend analytics dashboards. Engine serves mid-market companies like Rippling and Notion, reducing travel costs by 25 percent through negotiated rates and policy enforcement.

Traveloka is an Indonesia-headquartered online travel aggregator operating in six Southeast Asian countries, primarily as a flight search engine for domestic and regional routes. The platform enables bookings for flights, hotels, activities, and ground transport, with expansions into fintech and lifestyle services. Traveloka partners with local airlines and expands market impact through innovative travel products.

BlaBlaCar is a Paris-headquartered carpooling platform operating in 22 countries including Europe, Russia, Turkey, Mexico, Brazil, and India. It links drivers with passengers for long-distance trips, enabling cost-sharing through its website and mobile apps. Features include verified profiles, declared identities, and chatty level indicators from Bla to BlaBlaBla to build trust. Backed by investors such as Accel Partners, Insight Ventures, Index Ventures, Lead Edge Capital, Baring Vostok, and ISAI, the service maintains offices in over a dozen countries worldwide.

GetYourGuide is a Berlin-headquartered online marketplace for booking tours, attractions, and activities in over 170 destinations worldwide. It offers excursions, cooking classes, tickets to landmarks, and guided experiences via website and mobile apps. Providers pay commissions on bookings, with customer reviews ensuring quality. Founded in 2009, GetYourGuide partners with local operators and serves millions of travelers annually.

Mafengwo is a Beijing-headquartered online travel platform featuring user-generated content with over 10 million travel guides covering 95 percent of global destinations. The site aggregates reviews for hotels, flights, and itineraries while integrating booking services from partners like Ctrip and Booking.com. Mafengwo serves more than 100 million monthly active users in China, offering visa assistance, insurance options, and travel deals. Acquired by Trip.com Group in 2015, it continues to expand social features and mobile apps downloaded over 100 million times.

Flynas Co is a low-cost airline in Saudi Arabia and the Middle East.

HBX Group International PLC is a travel-technology marketplace. The company is engaged in the intermediation of hotel accommodations and complementary travel products between travel suppliers and travel distributors. With the help of its subsidiaries, the Group also assists hotels in optimising their direct online channel, creating booking engines, and supporting digital marketing. The company's maximum revenue is derived from hotel bookings. The company connect between supply and demand, empowering businesses and their travellers, with choice and confidence.

LY.com, formerly known as 17U.com and Tongcheng, is a Chinese online travel platform offering hotel, flight, train, and cruise bookings alongside sightseeing tickets and group-buying travel deals. Launched in 2004, it built an early lead in China's sightseeing-ticket and weekend-getaway segments before expanding into broader travel booking across roughly 200 cities. The company has counted Ctrip, Tencent, and Dalian Wanda Group among its major shareholders.

FlixBus is the intercity bus brand of FlixMobility, a Germany-based transport company that also operates FlixTrain rail services and, through the 2021 acquisition of Greyhound Lines, long-distance bus routes across North America. The company uses an asset-light, technology-driven network model, partnering with local bus operators rather than owning its fleet, to offer affordable intercity travel across more than 2,500 destinations in dozens of countries. FlixMobility carried 62 million passengers in 2019 before expanding further through acquisitions including Turkey's Kamil Koç and airport-transfer operator Flibco.

Starlux Airlines Co Ltd is an airline company that offers airline services. The company provides civil air transportation, civil aviation personnel training, and other services. It offers flights to more than ten Northeast Asia, Southeast Asia, and Macau destinations. Geographically, the company generates maximum revenue from Taiwan, and the rest from Asia (excluding Taiwan), North America, and other regions.

TBO Tek Ltd is a travel distribution platform. It is engaged in the business of operating an online technology platform (TBO Portal) providing its customers access to book international travel inventory aggregated through travel suppliers like airlines, hotels, cruises, car rentals, transfers, and rail services among others. Its customers include retail and API buyers such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps. The company's business activities fall within two primary business segments; Air ticketing which generates maximum revenue, and Hotels and packages. Geographically, it derives maximum revenue from India and also has its presence outside India.

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

El AL Israel Airlines Ltd is an international airline company which provides air transportation of passengers and cargo in Israel and overseas, by means of passenger aircraft and cargo aircraft. The company's passenger aircraft mainly operate scheduled flights as well as charter flights. The group is engaged in activities related to the air transport operations, such as the sale of duty-free products, food production, and supply mainly to the company's aircraft, providing security services, ongoing maintenance services and overall maintenance services to aircraft of other airlines at Ben Gurion Airport, and managing travel agencies abroad. The reporting segments of the company are air transport on passenger aircraft, and air transport on cargo plane.

Juneyao Airlines Co Ltd is engaged in air passenger and cargo transportation and related aviation service business. The company is also involved in the import and export of aero equipment.