EasyJet and its investors are holding out for at least £600 million ($794.46 million) more from U.S. suitor Castlelake, the Financial Times reported on Monday, citing leading shareholders and people with knowledge of...
Aviation
KKR bets $1.4 billion on aircraft leasing, eyes airlines, Boeing and Airbus
Private equity firm KKR on Wednesday disclosed a $1.4 billion fresh bet on aircraft leasing with partner Altavair, as persistent supply shortfalls at Airbus and Boeing keep plane availability tight. Leasing companies...
United Airlines CEO says big merger unlikely after American rebuff, asset buys possible
United Airlines remains open to buying airport slots, gates or other assets if higher fuel prices put weaker rivals under pressure, but it is unlikely to pursue a major consolidation deal after its failed overture to...
IndiGo approves $450 million plan to acquire aircraft, engines
InterGlobe Aviation, the parent company of IndiGo, announced on Friday that it has approved a plan to deploy up to $450 million to support the acquisition of aircraft, engines and other aviation assets, as the airline...
Lufthansa to exercise option to buy majority stake in ITA in June
Lufthansa Group will exercise an option to lift its stake in Italy’s ITA Airways to 90%, tightening its grip on the Rome-based carrier as industry consolidation accelerates in Europe. The German group’s...
Trump opposes United–American merger, signals support for Spirit
U.S. President Donald Trump said on Tuesday he opposes a potential merger between United Airlines and American Airlines, signaling resistance to a deal that would reshape the U.S. airline industry. “I don’t...
American rejects merger talks with United Airlines
American Airlines said on Friday that it was not interested in a merger with United Airlines and had not held any such talks, diminishing prospects of an industry-reshaping deal that would face tough regulatory...
DAE Capital nears deal to buy aircraft leasing firm Macquarie Airfinance, sources say
Dubai-based aircraft lessor DAE Capital is closing in on a deal to buy control of leasing platform Macquarie AirFinance, two industry sources said. The two firms did not immediately respond to a request for comment. In...
Castlelake enters talks to buy bankrupt Spirit as Frontier bid deemed unviable
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...
