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.
merger
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.
Air Canada, Transat finalize merger plans
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.
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.