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Air China to Acquire Controlling Interest over Shandong Airlines

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…

JetBlue Urges Shareholders to Vote Against Frontier’s “Inferior” Offer

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…

More On JetBlue’s Strategic, Financial Rationale for Spirit Airlines Offer

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…

JetBlue Announces $3.6 Billion Offer for Spirit, Topping Previously Announced…

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…

Frontier Airlines Buys and Merges With Spirit Airlines, Creating 5th…

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…