acquisitions

Investors were advised to watch developments in the rail sector for clues about future consolidation among airlines.

Struggling ultra-low-cost carrier Spirit has engaged in high-level talks with rival Frontier, Bloomberg reported Thursday.

Cargo transportation leader and charter services operator Air Transport Services Group (ASTG) has acquired Omni Air International. Omni is known for its widebody charter operations including U.S. military charters, making an acquisition by ATSG a logical next step for expansion. The transaction is valued at $845 million and is expected to add $430 million in annual […]