FlightGlobal
• David Kaminski-Morrow
Administrators for the UK-based freight operator European Cargo are assessing options to preserve the carrier’s A340 fleet and determine whether the business can be rescued as a going concern. They cite “significant” levels of debt that would need restructuring and are reviewing inbound China–UK services tied to revenues.
M&A
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Administrators for the UK-based freight operator European Cargo are assessing options to preserve the carrier’s A340 fleet and determine whether the business can be rescued as a going concern. They cite “significant” levels of debt that would need restructuring and are reviewing inbound China–UK services tied to revenues.
Singapore Airlines and ANA-All Nippon Airways signed a joint venture (JV) agreement on January 31 to deepen commercial ties between the two Asian carriers, according to a joint press release. The deal is framed as a step toward closer cooperation in their Japan–Singapore operations and beyond.
Shanghai Juneyao Group pledged 7.7 million shares in Juneyao Air to Huaxia Bank’s Shanghai branch on July 24, 2026, to back debt performance guarantees. The filing raises the parent’s pledged stake in Juneyao Air to 34.5%, tightening the company’s credit-linked collateral position.
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Australian startup Koala Airlines says it is negotiating with more than 10 foreign carriers to provide domestic flights to their passengers after they arrive in Australia. The company positions the model as a way to route demand without directly competing with Qantas Airways.
United Airlines CEO Scott Kirby reportedly contacted Delta Air Lines CEO Ed Bastian about pursuing a potential merger in 2025, according to coverage tied to the Chicago O’Hare executive dialogue. The discussion signals renewed consolidation interest between the two major carriers.
An analysis of recent UK M&A activity—including deals involving easyJet and Rotork—finds that bidders have been extracting more than 50% premiums from targets’ boards. The piece argues that regulation, due diligence expectations, and the UK takeover code help explain why more acquirers do not pursue hostile approaches.
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Etihad Airways has formalized strategic partnerships with Fastjet (Zimbabwe), Air Peace (Nigeria) and Africa World Airlines (Ghana) to expand its Africa network ahead of six new route launches, including a new interline agreement with Air Peace to connect the UAE–Nigeria market. The carrier also launched a daily EY 171 service between Abu Dhabi (AUH) and Los Angeles (LAX) on June 1.
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