Air Canada’s plans to acquire Air Transat moved forward this week, with the two companies announcing conclusion of a definitive agreement for their combination.
merger
Raytheon, United Technologies plan massive merger
A massive aerospace company with the power to negotiate against aircraft manufacturers is the goal for Raytheon and United Technologies as they announced a blockbuster merger deal over the weekend.
Choose your own adventure: Air Transat edition
Air Transat has a C$40 million decision to make. And far more than just investors will be affected. The company’s future will look significantly different, depending on which path it chooses.
Air Canada to acquire Air Transat
Air Canada wants to buy its LCC competitor Air Transat in a half billion dollar deal. But can it get past the regulatory hurdles along the way??
Indigo walks from WOW Air
How many chances does WOW Air get to survive? Indigo Partners walked away this week, leaving significant uncertainty over the future of the carrier. Further clarity is expected by Monday.
Bonds remain a sticking point for WOW’s future
Can $75 million in loans and direct investment save WOW Air? That’s the amount Indigo Partners appears set to invest, with a lot of strings attached. Interim cuts might keep the carrier alive while it waits to learn of its future.
WOW loses Icelandair as suitor and savior, future uncertain
Thus begins the death spiral of WOW Air.
Icelandair will no longer purchase its struggling neighbor after indicating it “unlikely that all of the conditions in the share purchase agreement would be fulfilled by the shareholders’ meeting on November 30th.” With WOW unable to sort out the conversion of its recently issued bonds and warrants into a form that Icelandair can purchase (for pennies on the dollar) the deal is off. This leaves very little chance of a positive outcome for WOW Air.
WOW wins as it faces mounting troubles
Can a collapsing operation still win awards? For WOW Air the answer is a resounding yes. The CAPA Low Cost Airline of the Year award was announced as the carrier shed 20% of its fleet amid a cash crunch and dropping utilization.
Icelandair gobbles up WOW
WOW Air is dead. Long live WOW Air. The Icelandic LCC is set to be purchased by hometown rival Icelandair at what can only be described as a fire sale price.
Too many award seats? Alaska Airlines says whoopsie!
Does a merger integration still count as wildly successful if it hurts revenues to the tune of 1.5% for 9ish months? Alaska Airlines’ PSS integration came off incredibly smoothly on the operations side, but the carrier missed on the loyalty side. And lots of frequent flyers got a ton of award seats as a result.