On May 30, Air China released a statement that the company is seeking to acquire additional shares of Shandong Airlines and gain controlling interest over the company. Shandong Airlines is a mid-sized carrier headquartered in Jinan, China. Air China currently owns 43% of Shandong Airlines by direct and indirect ownership,…
On Monday, JetBlue set in motion a second attempt to merge with Spirit — the ultra-low-cost carrier — through the means of a hostile takeover. This is the carrier's second attempt to win over Spirit's shareholders. The move from JetBlue comes just weeks after their initial offer was rejected by…
On Tuesday, news leaked that JetBlue had made a $3.6 billion takeover offer for Spirit Airlines, the Miramar, Fla.-based ultra-low-cost carrier that in February agreed to terms for a merger with close competitor Frontier Airlines. The early announcement — in addition to a formal release from the airline after the…
Following reports by the New York Times earlier Tuesday, JetBlue announced this afternoon that it had submitted a $3.6 billion all-cash offer for Miramar, Fla.-based Spirit Airlines, putting the New York-headquartered carrier in direct competition with Frontier Airlines — the ultra-low-cost carrier with which Spirit had agreed to merge earlier…
The low-cost carrier industry is about to have some major breakthrough changes, beginning with the definitive merger between two of the largest and most prominent low-cost carriers in the U.S.; the first airline merger since Alaska purchased Virgin America back in 2016. Under a $6.6 billion deal that was unanimously…
El Al Airlines — Israel's flag carrier — has reached a non-binding agreement to acquire Arkia, a smaller carrier. On Thursday, the carrier formed a non-binding memorandum of intent to buy smaller local rival Arkia after being forced to shrink down following a government bailout during the pandemic. Arkia would…
Thank you for reading the AirlineGeeks Podcast Recap. This article gives a brief look at last week’s episode of our news podcast. For our full analysis of each of these stories, you can listen to The AirlineGeeks Podcast on Spotify, Google Podcasts, Apple Podcasts, Overcast or through our distributor, Anchor.…
Following two years worth of debate and speculation, the Air Canada and Air Transat merger is officially off the table. Both parties agreed to terminate the Arrangement Agreement and will go their separate ways following nearly two years of attempting to merge. The deal was originally constructed in June 2019…
The acquisition of Asiana by Korean Air will not be completed by 2022 as was predicted. The main airline of South Korea has delayed the operation until 2024 due to several obstacles the monopoly law and the future operations of low-cost airlines Jin Air, Air Busan and Air Seoul. With…
