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Tire Bank Acquires Control Of Air Premia

ByAdmin

Air Premia, the South Korean hybrid airline, is undergoing a significant ownership change following the announcement that Tire Bank, a South Korean tire distribution and retail group, will assume control of the carrier. Tire Bank, acting through its affiliate AP Holdings, will raise its shareholding in Air Premia to 68% after acquiring an additional 22% stake from existing investors JC Partners and Sono Hospitality.

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Air Europa Sale Impacted By Low Bids, U.S. Tariff Concerns

ByAdmin

Air Europa, the Spanish carrier currently undergoing a privatization and acquisition process, is facing increased uncertainty in its sale as the airline evaluates underwhelming offers from major European airline groups. Bids submitted by both Lufthansa (Germany) and Air France-KLM are reportedly below expectations, casting doubt over the timing and structure of a potential transaction.

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Albastar Moves Toward Full Sale With Three Bids Received

ByAdmin

Albastar (Spain) is in the final phase of its sale process, having opted to sell 100% of the airline rather than pursue a partial equity partnership. The strategic shift comes after the expression of interest (EOI) stage yielded three concrete offers, each reportedly valuing the carrier at approximately US$55 million.

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T’way Air CEO Jeong Hong-geun Steps Down as Daemyung Sono Group Takes Ownership

ByAdmin

T’way Air (South Korea) CEO Jeong Hong-geun has stepped down after failing to secure a fourth consecutive term, following the airline’s acquisition by Daemyung Sono Group. This leadership transition marks a significant shift for the South Korean low-cost carrier, which is now under new ownership.

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Qatar Airways Plans Final Large Aircraft Order, Eyes Stake in RwandAir

ByAdmin

Qatar Airways has announced plans to place one final large aircraft order, marking the end of its rapid expansion phase as it seeks to grow annual passenger numbers from 50 million to 80 million over the next five to six years. The airline’s decision reflects a strategic shift towards fleet optimization and sustained capacity growth, rather than aggressive expansion.

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Sono Group Accelerates T’way Air Management Acquisition

ByAdmin

Sono Group (South Korea) is fast-tracking its efforts to gain management control of T’way Air, positioning itself as the carrier’s largest shareholder. The move aligns with Sono Group’s broader strategy to establish a resort-linked airline, with a potential inclusion of Air Premia into its portfolio.