mergers

The two carriers will continue to operate as separate entities in the near term.

Robert Isom said the airline has a history of being “aggressive” with the right opportunities.

Ed Bastian alluded to potential mergers and bankruptcies for carriers that cannot produce a return on investment for their owners.

But Sean Duffy stressed that any deal would still be scrutinized for its potential impact on prices and industry competition.

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

The U.S. Department of Transportation on Monday granted the transfer of international route authorities from Hawaiian Airlines to its new corporate parent, Alaska Air Group, allowing the company to officially take over those flights.

Asked about consolidation on the Tuesday call, Anderson didn’t rule out M&A activity at Allegiant. Though he noted it “isn’t necessarily a requirement.”

Korean Air could fall short of acquiring Asiana Airlines after clearing 11 hurdles in the past two years. The U.S. is considering filing a lawsuit to block the acquisition. According to Politico, the Department of Justice has been investigating the deal for two years. It came after the potential blockage from the EU. The plan […]

After being hit hard by the coronavirus for several months, a large merger and acquisition is going to happen in South Korea. Korean Air will acquire a 63.9% stake in Asiana Airlines and its no-frills carrier, Air Busan and Air Seoul for $1.62 billion. The airline will become the world’s 10th largest airline after the […]

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 […]