AirZeta, formerly known as Air Incheon, has officially completed the acquisition of Asiana Airlines’ cargo divisionand begun operations under its new identity. The transaction, valued at $322.5 million, was finalized on 1 August 2025, following the formal transfer of all rights and obligations related to Asiana’s international freighter cargo operations the day before.
Alaska Air Group has appointed a unified Honolulu-based leadership team to oversee the combined operations of Alaska Airlines and Hawaiian Airlines throughout Hawaiʻi. This organizational move reflects the ongoing integration process following Alaska Air Group’s agreement to acquire Hawaiian Airlines.
Singapore Airlines has reported a sharp 59% decline in net profit for its first fiscal quarter, citing heavy losses from its equity stake in Air India, which has recently faced multiple challenges, including a fatal crash and broader operational turbulence. Net profit dropped to $404 million from $986 million during the same period last year.
Turkish Airlines is actively evaluating a potential investment in Air Europa, with intentions to submit a bid for a minority stake in the Spanish carrier. This move aligns with Turkish Airlines’ broader strategy of expanding its European footprint and securing a stronger presence in the Iberian Peninsula. The development comes amid a competitive bidding process, with binding offers due in…
KDB Industrial Bank, a leading South Korean state-owned financial institution, has confirmed its intention to divest its 10.58% equity stake in Hanjin KAL, the parent company of Korean Air, once the pending merger between Korean Air and Asiana Airlines reaches its conclusion. The earliest timeline for this divestment is projected to be late 2026, depending on regulatory approvals and finalization of the…
WestJet Group has officially concluded its integration of Sunwing Airlines, bringing all jet operations under one air operator certificate (AOC). This move marks a significant milestone in the Canadian airline group’s consolidation strategy and paves the way for operational streamlining across its fleet and network.
Abra Group, a UK-based aviation investment consortium, continues to pursue the long-anticipated merger of Brazilian airlines GOL and Azul, despite growing speculation that Azul may file for bankruptcy protection in the United States. The group reiterated its commitment to consolidating the two carriers as part of a strategy to build Latin America’s leading airline network.
ANA Holdings, the parent company of All Nippon Airways, has delayed the effective date for its full acquisition of Nippon Cargo Airlines (NCA) for the seventh time, now setting the new timeline for 1 July 2025. The repeated postponements highlight the complexities involved in integrating a major cargo operator into ANA’s broader corporate structure.
SIA Group, the parent company of Singapore Airlines, has announced strong financial results for the fiscal year 2024/25. The group achieved a net profit of $2.1 billion, a 3.9% increase year-on-year, largely driven by a one-off, non-cash accounting gain of $846 million arising from the merger of Air India and Vistara. Total revenue climbed 2.8% to $15 billion, while cash and bank balances…
Hanjin Group Chairman Cho Won-tae has officially stated that Air Busan (South Korea) will not be sold as a separate entity, reinforcing the group’s commitment to maintaining its aviation portfolio. Amid speculation about potential restructuring or divestment, Cho’s remarks affirm that Air Busan will remain under Hanjin Group’s control, ensuring stability for the airline.
