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…
Ashland Place Finance, a US-based financing company, has announced the completion of a new financing facility to support the acquisition of a Boeing 737-800. This financing arrangement has been made in collaboration with Crestone Air Partners, Air T, and Mill Road Capital Management, who are jointly involved in the acquisition. The new facility underscores Ashland Place Finance’s commitment to providing tailored…
Lufthansa, Germany’s flagship carrier, has made substantial progress in its planned acquisition of ITA Airways after resolving key pricing issues with the Italian government. The two parties have worked through differences over the valuation of ITA Airways, allowing Lufthansa to move closer to finalizing the takeover deal. This acquisition marks a significant step for Lufthansa, as it seeks…
Falko Regional Aircraft Limited, a UK-based aircraft asset management company, has announced the acquisition of two Embraer E170 aircraft from Azorra Aviation. These aircraft are currently leased to American Airlines and are subleased to its regional subsidiary, Envoy Air. This acquisition highlights Falko’s continued expansion in the regional jet market, reinforcing its commitment to maintaining a diverse portfolio of assets serving…
Rumors have surfaced regarding Aerolíneas Argentinas potentially being acquired by a consortium involving Delta Air Lines from the United States and Avianca of Colombia. The Argentine government, which holds a stake in Aerolíneas Argentinas, is reportedly weighing a purchase proposal put forth by the two airlines, suggesting potential international expansion for the Argentine carrier under new ownership. This rumored deal,…
