THURSDAY NOV 21, 2024
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Tag: Merger
NEWS Feb 14, 2024 European Union Approves Korean Air's $1.4 Billion Acquisition of Asiana Airlines A merger between South Korea's two largest airlines, Korean Air and Asiana Airlines, has been under discussion for several years. After uncertainty over the merger's status, news emerged showing that progress is continuing. On February 13, the European Commission approved Korean Air's acquisition of Asiana Airlines, providing another green light for the merger. Read More →
NEWS Jan 18, 2024 Hawaiian-Alaska Merger Halted Amid Lawsuit by Company Shareholder In December, Alaska Airlines announced plans to merge with Hawaiian Airlines. If this merger were approved, the airlines of the 49th and 50th U.S. states would join forces, albeit remaining separate entities. Despite this, a Hawaiian Airlines stakeholder filed a lawsuit against the merger to prevent it from proceeding. Read More →
NEWS Jan 16, 2024 Federal 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 →
NEWS Dec 03, 2023 Alaska Airlines Buys Hawaiian Airlines for $1.9 Billion Alaska 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 →
INFORMATIONAL Nov 02, 2023 The 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 →
NEWS Jun 07, 2023 PGA 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 →
NEWS Nov 29, 2022 BREAKING: Vistara and Air India to Merge Singapore Airlines and Tata have announced the merging of Vistara and Air India. The new combined carrier will become the second largest airline in India Read More →
INFORMATIONAL May 17, 2022 JetBlue: The Carrier Without A Merger Partner JetBlue Airways, during the last few decades, has continued to grow across the United States and beyond. However, this growth comes despite two failed attempts to merge with other low-cost carriers. Read More →
NEWS May 16, 2022 JetBlue Launches Hostile Takeover Bid to Acquire Spirit Airlines Yet 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 →
Apr 18, 2022 How Delta Came to Dominate Atlanta Hartsfield-Jackson Atlanta International Airport boasts massive passenger volumes thanks to Delta Air Lines, which runs its largest hub out of the southern U.S. city. Despite Delta’s dominance, in recent history, the carrier faced a massive challenge from a rival, low-cost carrier. Read More →