Questions about the impact to competition hampered the proposed Air Canada/Transat merger from its announcement. Ultimately they killed the deal.
merger
Air Canada, Transat merger approved, with notable conditions attached
Air Canada and Air Transat received approval from the Canadian government this week to close on their merger, though not without some additional conditions covering slots, loyalty, lounges, and Quebec employment guarantees.
Intelsat closes on Gogo Commercial Aviation buyout
Gogo is officially out of the commercial aviation in-flight connectivity business. The company closed its $400 million cash transaction with Intelsat early Tuesday morning, making good on a promise from two weeks ago to complete the deal in early December.
Gogo to Intelsat: Speedy Delivery!
When Intelsat announced plans to buy the Gogo Commercial Aviation (CA) business the plan called for an early 2021 closing. The pair now expect the deal to close in December 2020.
Intelsat to buy Gogo Commercial Aviation for $400 million
Intelsat will purchase the Commercial Aviation business from Gogo for a “headline” price of $400 million. Intelsat’s attorney’s announced the deal as part of a hearing at the US Bankruptcy Court this afternoon.
Intelsat emerges as leading contender for Gogo’s Commercial Aviation business
We could learn the fate of Gogo’s Commercial Aviation (CA) business by the end of the month, assuming some details in a recent Intelsat bankruptcy filing play out. The latter filed for approval to increase its Debtor-in-Possession (DIP) funding as part of a transaction it hopes to consummate by 31 August.
Past the bottom: Gogo sees demand returning and a potential to sell
January and February 2020 showed great promise for Gogo. New aircraft installations continued, particularly of the company’s 2Ku offering for commercial aircraft. And then the bottom fell out.
But the company sees a rebound on the horizon, and also possible a merger.
IAG snaps up Air Europa to boost Latin American operations
Consolidation continues in the global aviation market, this time delivering a shift in transatlantic services. International Airline Group announced this morning its intentions to buy Air Europa. The Spanish carrier will become part of the Iberia operation within IAG though remain an independent brand, at least to start. The deal is valued at 1 billion euro and full integration is expected by 2025.
Air Canada ups its bid for Transat by 38%
Air Canada’s C$13/share offer for competitor Transat faced a tough challenge. A C$5 boost in the offer price appears to have changed the situation sufficiently to secure the deal.
Virgin Atlantic acquisition of Flybe approved
Flybe’s absorbtion into the Virgin Atlantic family receive final approval from the European Commission last week, with conditions applied. At least one competitor will be disappointed at just how limited the conditions are.