Bloomberg
• Henrique Almeida, Sonja Wind
Portugal’s Council of Ministers selected Lufthansa Group to acquire a minority stake in TAP Air Portugal, ending a privatization contest with Air France-KLM. Reports put the proposed share at 44.9% and the bid at €1.2 billion; the government said Lufthansa’s proposal was financially stronger.
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Santa Ana, California-based STAjets has reached a definitive agreement to acquire International Jet Aviation Services, a Part 135-certified operator based at Denver Centennial Airport. The deal follows STAjets COO Erik Neiderman’s stated plan, in a 2025 interview, to acquire another Part 135 operator.
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Wander admitted to a scheme to defraud lenders and investors, with prosecutors alleging 777 Partners used bogus collateral and doctored bank records to obtain financing. The firm backed Canada’s Flair Airlines and Australia’s failed Bonza, and prosecutors linked borrowed funds to deposits on Boeing aircraft for the carriers.
The state-owned Korea Development Bank has not decided whether to sell its holding as Korean Air prepares to absorb Asiana Airlines on Dec. 17, 2026. The potential sale would involve a 10.6% stake in Hanjin KAL, Korean Air’s parent company.
Comtech leadership said this week that the divestiture of its satellite business to Gilat Satellite Networks is expected to close by the end of the calendar year. The update sets a near-term timeline for the transaction, though no further terms or operational details were provided.
Mexico’s antitrust agency is expected to approve the proposed deal between low-cost carriers Volaris and Viva, according to a report in Commercial Aviation News. The article summary provides no further details on the agency’s decision, conditions or the transaction’s structure.
Barclays analysts outlined two possible timings for an announcement of a Tesla-SpaceX merger: alongside Tesla’s Dec. 6 annual general meeting or separately beforehand. The reports describe the prospect as a possibility, not a confirmed transaction; no deal terms or further details are provided.
Komiaviatrans, a Russian airline, has been put up for sale at a stated price of $65.5 million. The available report does not identify a prospective buyer or provide further details on the sale process, the airline’s assets or its operations.
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