Spirit Airlines has drawn fresh interest from a potential buyer, with investment firm Castlelake entering talks to acquire the bankrupt carrier, after an offer in November from rival Frontier Group Holdings was deemed...
Allegiant to acquire Sun Country Airlines for $1.5 billion
Low-cost airline Allegiant will acquire Sun Country Airlines in a deal valued at about $1.5 billion, including debt, the companies said on Sunday. As part of the agreement, Sun Country shareholders will receive 0.1557...
Spirit and Frontier Airlines eye merger, Bloomberg News reports
Bankrupt Spirit Aviation Holdings is in discussions to merge with Frontier Group Holdings, Bloomberg News reported on Tuesday, citing people familiar with the matter. Spirit has long pursued a merger with Frontier. The...
Azul wins court nod for debt restructuring, American and United to invest
A U.S. bankruptcy judge on Friday approved Azul’s debt restructuring, allowing the Brazilian airline to slash more than $2 billion in debt and raise capital through a new equity rights offering and investment from...
Boeing closes Spirit AeroSystems purchase in major supply chain realignment
Boeing said on Monday it has closed its $4.7 billion takeover of Spirit AeroSystems, re-acquiring the bulk of the world’s largest independent wing and fuselage maker. The U.S. planemaker’s European rival...
Boeing looks to close Spirit AeroSystems merger this year as FTC orders divestitures
Boeing said on Wednesday it could close its $4.7 billion acquisition of wing and fuselage maker Spirit AeroSystems by the end of the year after a U.S. regulator said it could proceed, so long as it carried out...
Adani Group eyes aviation training business, planning to acquire pilot training firm FSTC
The Adani Group’s defence and aerospace arm is reportedly in advanced discussions to buy out Flight Simulation Technique Centre (FSTC), signalling its first big move into the pilot training business. According to a...
Portugal says only Europe’s three largest airlines showed interest in TAP privatisation
Portugal’s state holding company Parpublica said on Saturday it had received only three expressions of interest in a minority stake in flag carrier TAP, all from Europe’s largest airlines and none from...
Germany set to approve $3.5 billion defence package with Airbus and others, Bloomberg News reports
Germany is set to approve defence equipment purchases worth more than $3.47 billion, including 20 light combat helicopters from Airbus SE, Bloomberg News reported on Saturday, citing a government document. The report...
Qatar Airways sells entire Cathay Pacific stake for $897 million
State-owned Qatar Airways has decided to sell its entire stake in Cathay Pacific Airways for about $897 million (HK$6.97 billion), marking its complete exit from Hong Kong’s flagship airline after eight years...
TASE Global acquires US aerospace firm Joined Alloys for Rs 106 crore
Trusted Aerospace Engineering (TASE Global), based in Chennai, has announced the completion of its acquisition of Joined Alloys, a leading US-based firm specialising in aerospace manufacturing, special processes, and...
Boeing gains EU antitrust nod for $4.7 billion Spirit AeroSystems deal
Boeing secured EU antitrust approval on Tuesday for its $4.7 billion acquisition of Spirit AeroSystems after agreeing to sell some Spirit businesses to address competition concerns. The deal announced last year aims to...
