Korea Express Air, a South Korean regional airline, is anticipated to be put up for sale as it navigates ongoing management and financial difficulties. The carrier has been under corporate rehabilitation procedures since October 2024, and its stakeholders are now considering strategic options, including a full sale, to stabilize the business.
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.
Rex Group (Australia) has officially commenced a sale and/or recapitalization process, following its recent financial difficulties. EY Australia, the appointed administrator, is overseeing the restructuring, aiming to secure the airline’s future through a potential sale or new capital injection.
Regional Express (Australia) has officially entered the sale process, as administrators work to find a buyer for the collapsed regional airline. The development comes over a week after the Australian Labor government suggested it could step in and purchase the airline should private investors fail to materialize.
Pakistan International Airlines (PIA) may soon be sold to a foreign government, with negotiations likely to be conducted with Qatar or Abu Dhabi following a recent bid rejection. The Privatization Commission reportedly turned down a low bid from the Blue World Consortium (Pakistan), setting the stage for potential foreign ownership. This development is aligned with Pakistan’s goals to privatize its struggling national carrier, which has…
