Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE) yesterday announced that its merger agreement with JetBlue Airways Corporation has been terminated by mutual agreement. “After discussing our options with our advisors and JetBlue, we concluded that current regulatory obstacles will not permit us to close this transaction in a timely fashion under the merger agreement,” said Ted […]
Korean Air has finalised a post-merger integration plan with Asiana Airlines after receiving confirmation from the Korea Development Bank. In November, Korean Air signed a deal to acquire Asiana’s new shares and perpetual convertible bonds. After the contract, Korean Air thoroughly conducted due diligence and created the post-merger integration plan, which it submitted to the […]
Sixteen months after its fusion with Alaska Airlines, Virgin America vanished during the night between April 24 and 25, 2018. Boarding desks, gates… nothing remains of the brand in the 29 airports it was serving. On December 14, 2016, Alaska Airlines officialised its acquisition of Virgin America. The merger officially took effect on April 25, […]
Airlink and Safair, two South African aviation groups, are planning a merger under an umbrella of the Airlink group. The move is anticipated to create economy of scale for the Airlink group, by sharing costs, optimizing assets, offering more flight destinations using shared networks, and removing system duplications. Under the agreement, Safair group, including its […]
