| |

Elliott Investment Management Calls for Honeywell’s Structural Simplification

ByAdmin

Elliott Investment Management, a prominent US-based investment firm managing funds with an investment of over $5 billion in Honeywell International, has issued a formal request to Honeywell’s Board of Directors. The letter calls for a simplification of Honeywell’s conglomerate structure, suggesting that a streamlined organizational approach could improve operational efficiency, profitability, and shareholder value. Elliott’s substantial investment and influence add…

| |

Logo Jet Increases Stake in Tus Airways to 75%, Becoming Majority Shareholder

ByAdmin

Tus Airways, based in Cyprus, has announced a shift in its ownership structure as Logo Jet of Israel increased its holdings to become the airline’s majority shareholder. Logo Jet recently acquired an additional 41.6% of Tus Airways’ shares, bringing its total ownership to 75%. The remaining shares are held by Global Knafaim Leasing (Israel) and Kenneth Woolley, each retaining a 12.5% stake in the airline.

|

Vietravel Airlines No Longer Has Foreign Shareholders After License Update

ByAdmin

Vietravel Airlines, based in Vietnam, has had its air transport business license re-issued by the country’s Ministry of Transport, a process that has resulted in the airline no longer having any foreign shareholders. This license update signifies a shift in the airline’s ownership structure, positioning it as a fully domestic entity in Vietnam’s aviation market. The removal of foreign…

| |

Air Belgium Considers Investment Offers, Focus Remains on Cargo and Passenger Units

ByAdmin

Air Belgium is currently in discussions with five potential investors as it seeks financial support to strengthen its operations. Among these, three investors have shown significant interest, yet none are inclined to acquire both the cargo and passenger units of the airline. This situation places Air Belgium in a unique position, as it will need to assess whether…

| |

Air Premia Shareholders Clash Over Capital Increase Plans

ByAdmin

South Korean airline Air Premia is currently facing internal tensions between its two largest shareholders, AP Holdings and the Daemyung Sono-JC Partners consortium. The disagreement centers on whether to pursue a capital increase within the year, an issue that could significantly impact the company’s financial trajectory and future development.

|

China Southern to Explore M&A and Investment in Smaller Airlines

ByAdmin

China Southern Airlines, one of China’s largest carriers, has announced plans to conduct in-depth research on strategic cooperation, investment, and M&A (mergers and acquisitions) opportunities with small and medium-sized airlines. This initiative reflects China Southern’s strategy to expand its market influence and enhance its network by potentially partnering with or acquiring smaller carriers. Through this strategic evaluation, China…

| | |

MMAG Aviation Consortium Establishes MMAG Skyfleet Aircraft Leasing Unit in Labuan

ByAdmin

MMAG Aviation Consortium has secured regulatory approval from Labuan, Malaysia, to establish a subsidiary, MMAG Skyfleet, which will operate as an aircraft leasing unit. This strategic move marks MMAG’s entry into the aircraft leasing industry, allowing the consortium to diversify its aviation operations and cater to the growing demand for leasing services within the region….

| | |

Hyundai Glovis to Review Acquisition Rights for Air Incheon Amid Operational Improvements

ByAdmin

Hyundai Glovis, a major shareholder in South Korea’s Air Incheon, is set to evaluate its preemptive acquisition rights for the airline. This decision will be made based on Air Incheon’s advancements in operational improvements, the profitability of Asiana Cargo, and planned aircraft replacements, all of which are key indicators of the airline’s future potential and…

| | |

Stonepeak to Acquire Air Transport Services Group in $3.1 Billion Deal

ByAdmin

Air Transport Services Group (ATSG), a prominent provider of air cargo and aircraft leasing services in the U.S., is set to be acquired by Stonepeak, a leading investment firm, in a transaction valued at approximately $3.1 billion, including debt. This acquisition marks a significant expansion of Stonepeak’s presence in the aviation sector, particularly in cargo…

| | | | | |

Estonia Advances Talks with Investor Lars Thuesen on Sale of Nordic Aviation Group

ByAdmin

The Estonian government has given preliminary approval to proceed with negotiations with aviation investor Lars Thuesen regarding the sale of Nordic Aviation Group and Transpordi Varahaldus, two significant players in Estonia’s aviation sector. This conditional approval allows for the continuation of talks, provided that the Nordic Aviation Group’s board meets specific business performance targets in…