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...
Aviation
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...
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...
