MASwings, a Malaysian regional airline, is moving closer to a potential acquisition by the Sarawak state government. Premier Abang Johari Openg announced that a thorough asset valuation must first be conducted before the state can fully proceed with the acquisition. A third-party audit has been commissioned to determine the airline’s appropriate value, with the goal of completing the acquisition…
Aerolinee Siciliane, a new carrier based in Italy, has announced the acquisition of a 49% stake in Southern Aerotech, an Italian maintenance company. The strategic investment comes as the airline prepares for its first scheduled flight in May 2025.
Air Belgium is set to further expand its cargo operations with the addition of two Boeing 747-400 freighters (B747-400Fs). This move comes following a recent acquisition, underscoring the airline’s commitment to strengthening its cargo capacity and enhancing its operational reach.
MTU Aero Engines, a leading German aircraft engine manufacturer, has announced the acquisition of 3D.aero, a German company specializing in automation and measurement technology. This strategic move enhances MTU’s capabilities in advanced manufacturing processes and precision measurement, strengthening its position as a technology leader in the aerospace industry.
Korean Air has announced its plan to complete the integration of Asiana Airlines within the next two years, following the successful acquisition of a 63.88% ownership stake in its subsidiary. This acquisition marks a significant milestone in Korean Air’s strategic expansion and consolidation in the South Korean aviation market.
Korean Air is set to officially finalize its acquisition of a controlling stake in Asiana Airlines (South Korea) today. This strategic move will see Korean Air invest $1.07 billion to purchase a 63.9% stake in Asiana through a third-party share issuance, marking a significant milestone in the consolidation of South Korea’s aviation industry.
Cebu Pacific (CEB), a leading airline in the Philippines, has clarified that it has no immediate plans to phase out its recently acquired domestic carrier, AirSWIFT. However, the airline is actively exploring the possibility of integrating the AirSWIFT brand into the Cebu Pacific group as part of its strategic review.
Korean Air has cleared the final regulatory hurdle in its acquisition of Asiana Airlines (South Korea) by securing approval from the US Department of Justice (DOJ). With this milestone, Korean Air is set to finalize the transaction by 11 December 2024.
Etihad Airways (UAE) is reportedly considering a partial acquisition of Air Europa (Spain), potentially taking up to a 20% stake in the Spanish airline. This move places Etihad among several global carriers exploring opportunities to invest in Air Europa as the airline seeks strategic partnerships to enhance its market presence.
Air Belgium has announced that any offers to acquire part or all of its operations must be submitted by November 15, 2024. The airline, seeking stability amid strategic restructuring, aims to secure “solid and irrevocable” bids from interested parties. This deadline marks a significant step in Air Belgium’s plan to evaluate its operational future through potential new ownership, whether…
