NEWSJan 16, 2024Federal Judge Blocks $3.8B Acquisition of Spirit Airlines, Stock Plummets 61% A Federal Judge blocked the acquisition of Spirit Airlines by JetBlue, a merger that would have produced the fifth-largest airline in the United States. The ruling by District Judge William Young from Boston cited antitrust laws, saying the merger "does violence to the core principle of antitrust law: to protect the United States' markets -- and its market participants -- from anticompetitive harm."Read More →
NEWSDec 03, 2023Alaska Airlines Buys Hawaiian Airlines for $1.9 BillionAlaska Airlines and Hawaiian Airlines have announced that they have entered into a conclusive agreement to merge the two airlines in a $1.9 billion deal. The merger is expected to impact employees and communities in Alaska and Hawaii positively. Both carriers have a rich history filled with amazing stories of innovation and commitment to their passengers. Read More →
INFORMATIONALNov 02, 2023The Future of JetBlue: Is the Airline in Serious Trouble?With an antitrust lawsuit and worse Q3 & Q4 than anticipated, JetBlue has seen some better days, but will this be the end of JetBlue? JetBlue has recently announced a buyout with Spirit Airlines worth around $3.8 billion. However, this effort may not succeed.Read More →
NEWSJun 07, 2023PGA Tour and LIV Golf Merger: What's in it for Airlines?The PGA Tour and LIV Golf have announced plans to merge into one global golf league after months of legal disputes. The merger is expected to have a significant impact on golf, including in terms of the airlines that currently sponsor the existing leagues. Who will be the league's official airline in the future?Read More →
NEWSNov 29, 2022BREAKING: Vistara and Air India to MergeSingapore Airlines and Tata have announced the merging of Vistara and Air India. The new combined carrier will become the second largest airline in IndiaRead More →
NEWSMay 16, 2022JetBlue Launches Hostile Takeover Bid to Acquire Spirit AirlinesYet another twist occurred this morning when JetBlue launched a hostile takeover bid to win back Spirit from Frontier Airlines. JetBlue is now offering $30 per share, significantly more than its ultra-low-cost rival, and claims a deal offering $33 per share is still a possibility.Read More →
NEWSFeb 07, 2022Frontier and Spirit Airlines Merge in Deal Valued at Over $6.6BnThis morning, Frontier Airlines announced that they would be merging with Ultra Low-Cost Carrier Spirit Airlines in a merger valued at more than $6.6 billion U.S. Dollars. After this deal, Frontier Airlines will control 51.5% of the merger, with Spirit owning the remaining 48.5%.Read More →
NEWSDec 31, 1969Korean Airlines to Acquire Asiana AirAmid the COVID-19 pandemic, many airlines have intensified their losses or have received losses due to the COVID-19 pandemic. Asiana Airlines has been one of these airlines in previous years. Its struggles have led it to a new future. Korean Air, South Korea's largest airline, recently announced that they will acquire a 30.77 percent stake in their rival, Asiana Airlines. This deal is valued at over 1.62 billion USD (1.8 trillion won) and will make Korean Air the 10th largest airline in the world.Read More →
