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Tag: merger
NEWS Mar 06, 2024 Azul Working With Investment Banks in Potential Takeover of Bankrupt Rival Gol Azul Linhas Aéreas (Azul) is contemplating a takeover of Gol Linhas Aéreas Inteligentes (Gol) after Gol filed for bankruptcy in January. Both Brazilian-based budget carriers have experienced difficult economic setbacks since the initial outbreak of the COVID-19 pandemic. Read More →
NEWS Feb 28, 2024 Korean Air Will Give Three Airbus A350 Planes to T'way Air The proposed merger between Korean Air and Asiana Airlines requires a solution to prevent the combined carrier from having a monopoly in South Korea's aviation market. One solution suggested was to supply T'way Air, a South Korean low-cost carrier (LCC), with five Airbus A330-200s from the Korean Air fleet. However, reports indicate that Korean Air is considering giving three Airbus A350-900s from the Asiana fleet once the merger is complete. Read More →
INFORMATIONAL Feb 20, 2024 What Can JetBlue Expect After Activist Investor Carl Icahn Acquired a 10% Stake in the Airline? Activist investor Carl Icahn has taken a 10% interest in JetBlue by purchasing 33.6 million shares of its stock in January and February. His investment has caused a more than 18% rise in the prices of JetBlue stock, a phenomenon known as the Icahn Rise. There are several possible reasons for Icahn taking a stake in JetBlue, ranging from a simple profit-taking opportunity to long-term airline control. Read More →
NEWS Feb 17, 2024 Hawaiian Airlines Shareholders Approve Proposed Acquisition by Alaska Airlines Hawaiian Airlines shareholders voted to approve the merger with Alaska Airlines on February 16. Although the deal remains subject to regulatory approvals, it is expected to be completed between 12 to 18 months. Under the merger, Alaska Airlines will acquire Hawaiian Airlines for $1.9 billion.  Read More →
NEWS Feb 14, 2024 European Union Approves Korean Air's $1.4 Billion Acquisition of Asiana Airlines A merger between South Korea's two largest airlines, Korean Air and Asiana Airlines, has been under discussion for several years. After uncertainty over the merger's status, news emerged showing that progress is continuing. On February 13, the European Commission approved Korean Air's acquisition of Asiana Airlines, providing another green light for the merger. Read More →
NEWS Jan 18, 2024 Hawaiian-Alaska Merger Halted Amid Lawsuit by Company Shareholder In December, Alaska Airlines announced plans to merge with Hawaiian Airlines. If this merger were approved, the airlines of the 49th and 50th U.S. states would join forces, albeit remaining separate entities. Despite this, a Hawaiian Airlines stakeholder filed a lawsuit against the merger to prevent it from proceeding. Read More →
NEWS Jan 16, 2024 Federal Judge Blocks $3.8B Acquisition of Spirit Airlines, Stock Plummets 61% A Federal Judge blocked the acquisition of Spirit Airlines by JetBlue, a merger that would have produced the fifth-largest airline in the United States. The ruling by District Judge William Young from Boston cited antitrust laws, saying the merger "does violence to the core principle of antitrust law: to protect the United States' markets -- and its market participants -- from anticompetitive harm." Read More →
NEWS Dec 03, 2023 Alaska Airlines Buys Hawaiian Airlines for $1.9 Billion Alaska Airlines and Hawaiian Airlines have announced that they have entered into a conclusive agreement to merge the two airlines in a $1.9 billion deal. The merger is expected to impact employees and communities in Alaska and Hawaii positively. Both carriers have a rich history filled with amazing stories of innovation and commitment to their passengers. Read More →
INFORMATIONAL Nov 02, 2023 The Future of JetBlue: Is the Airline in Serious Trouble? With an antitrust lawsuit and worse Q3 & Q4 than anticipated, JetBlue has seen some better days, but will this be the end of JetBlue? JetBlue has recently announced a buyout with Spirit Airlines worth around $3.8 billion. However, this effort may not succeed. Read More →
NEWS Jun 07, 2023 PGA Tour and LIV Golf Merger: What's in it for Airlines? The PGA Tour and LIV Golf have announced plans to merge into one global golf league after months of legal disputes. The merger is expected to have a significant impact on golf, including in terms of the airlines that currently sponsor the existing leagues. Who will be the league's official airline in the future? Read More →