With COVID-19 raging throughout the world, the aviation industry has experienced its longest battle in decades. In South Korea, mergers and acquisitions have halted since the pandemic began, a development that has proven particularly impactful for the aviation industry and those looking to take part in it. HDC Hyundai Development Company (HDC) inked a deal to acquire a nearly 31% stake in Asiana Airlines from Kumho Asiana Group in December, a transaction that was expected to complete by Jun 27.…
Azul, Brazil's third-largest airline, announced this Tuesday it reached an agreement with Two Táxi Aéreo, by which it acquires the latter in a transaction worth BRL123 million — equivalent to 29.761 million dollars in current values. The partnership is pending a further sale contract and regulatory approvals. Two Táxi Aéreo,…
On Thursday, Air Canada announced that it has commenced exclusive talks with fellow Quebec-based Transat A.T. Inc., owner of Air Transat, for a full takeover of the Canadian leisure carrier. The publically proposed transaction is valued at approximately $387.5 million or $13.00 per share, a 23 percent premium to the…
Brazilian President Jair Bolsonaro finally gave his approval for the purchase of Embraer's Commercial Aviation division by The Boeing Company in a deal valued at $4.2 billion. The announcement was made after the closing of stock markets in both Brazil and the United States on Monday. Although it does not…
The Virgin America and Alaska Airlines acquisition is well underway, and it is beginning to resonate around the combined airline's system. Perhaps one of the most noticeable changes occurred Saturday night at New York's LaGuardia airport where crews could be seen converting Virgin America branding into Alaska signage. [caption id="attachment_15202" align="aligncenter"…
