takeover

Investigations conducted by the European Commission are aimed to settle the conditions which would allow the Lufthansa Group to take over the Italian carrier.

The U.K. aviation industry faces further uncertainty with the Guardian reporting that EasyJet was the target of an “unsolicited preliminary takeover approach” from another airline. Bloomberg and multiple other sources including the Guardian have identified Hungarian-based carrier Wizz Air as the potential aggressor, though the airline’s spokesperson offered no comment. EasyJet’s board rejected the offer, […]

Canadian leisure airline Air Transat is exploring its options as the takeover deal that would see it become part of the Air Canada Group is still being vetted by the European Commission. The Montreal-based carrier grounded all its flights on Jan. 29 following the decision by the Canadian government to ask all airlines to suspend […]

U.K. airline Flybe is to be involved in a consortium led by Virgin Atlantic that will effectively rescue the regional airline. The news comes after months of uncertainty of the carrier, which carried 9.5 million passengers in 2017/2018 with an average load factor of 75.6 percent. The Downfall Although a negative outlook for the airline […]