NEWSNov 29, 2022BREAKING: Vistara and Air India to MergeSingapore Airlines and Tata have announced the merging of Vistara and Air India. The new combined carrier will become the second largest airline in IndiaRead More →
NEWSMay 16, 2022JetBlue Launches Hostile Takeover Bid to Acquire Spirit AirlinesYet another twist occurred this morning when JetBlue launched a hostile takeover bid to win back Spirit from Frontier Airlines. JetBlue is now offering $30 per share, significantly more than its ultra-low-cost rival, and claims a deal offering $33 per share is still a possibility.Read More →
NEWSFeb 07, 2022Frontier and Spirit Airlines Merge in Deal Valued at Over $6.6BnThis morning, Frontier Airlines announced that they would be merging with Ultra Low-Cost Carrier Spirit Airlines in a merger valued at more than $6.6 billion U.S. Dollars. After this deal, Frontier Airlines will control 51.5% of the merger, with Spirit owning the remaining 48.5%.Read More →
NEWSKorean Airlines to Acquire Asiana AirAmid the COVID-19 pandemic, many airlines have intensified their losses or have received losses due to the COVID-19 pandemic. Asiana Airlines has been one of these airlines in previous years. Its struggles have led it to a new future. Korean Air, South Korea's largest airline, recently announced that they will acquire a 30.77 percent stake in their rival, Asiana Airlines. This deal is valued at over 1.62 billion USD (1.8 trillion won) and will make Korean Air the 10th largest airline in the world.Read More →
