Consolidation

Air France-KLM announced Friday that it will take a majority stake in Scandinavian Airlines, the national airline of Denmark, Norway, and Sweden.

As airlines reduce schedules and flying hours, yet another airline has followed the suit of Alaska Airlines and JetBlue: United Airlines. The main condition of airlines being eligible to receive money from the federal government under the CARES Act is that they are required to maintain a minimum level of service to cities the carriers […]

During these turbulent times, many airlines have cut frequencies and some have even been cutting routes entirely. But one airline is taking a unique approach to this challenge. Seattle-based Alaska Airlines is committed to cutting the least number of cities possible and has just announced its unique approach to this problem, consolidating flights for a […]

During a special meeting held at WestJet’s headquarters in Calgary on Tuesday, airline shareholders and option holders overwhelmingly voted to approve the acquisition agreement reached by WestJet and Onex Corporation (Onex) on May 12, 2019. Under the terms of the purchase, Onex and its affiliated funds will acquire all outstanding shares of WestJet for $31.00 […]

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 stock price at the end […]