Air Cargo News
• Damian Brett
Swissport has signed a binding agreement to acquire a majority stake in Giraldo Hermanos International, establishing its presence in Colombia’s passenger and cargo ground-handling market. The transaction would expand Swissport’s Latin American network, subject to regulatory approval.
M&A
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Six prospective buyers have moved forward in the privatization of Azores Airlines, advancing a state-led process for the Portuguese carrier. The development signals continued interest in ownership changes and consolidation opportunities within Europe’s airline sector.
Canadian seaplane operator Harbour Air will acquire Pacific Coastal Airlines, creating a group whose combined fleet will serve 25 communities across British Columbia. The airlines will retain their independent brands while operating under a shared group structure and single loyalty program.
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Swissport has signed a binding agreement to acquire a majority stake in Giraldo Hermanos International, establishing its presence in Colombia’s passenger and cargo ground-handling market. The transaction would expand Swissport’s Latin American network, subject to regulatory approval.
VIG Partners is in discussions over acquiring control of South Korean airline Air Premia, according to the report. The potential transaction could alter the carrier’s ownership structure and strategic direction, although the available information does not disclose the proposed terms, valuation or status of negotiations.
GE Aerospace CFO Rahul Ghai said the engine maker does not view broad vertical integration as the answer to aerospace supply-chain constraints, despite agreeing to acquire castings supplier Consolidated Precision Products for $11.75 billion. The deal reflects a targeted approach to securing critical manufacturing capacity.
Korean Air has begun migrating bookings and transitioning flight numbers as it prepares to integrate Asiana Airlines. The operational changes mark a key step before the combined airline’s official launch, moving the consolidation from corporate planning into customer-facing systems and day-to-day operations.
South Korean low-cost carrier Jin Air has added its first Airbus A321-200, expanding its fleet ahead of a planned merger with another LCC. The aircraft introduction signals fleet growth and adds an A320-family type to the carrier’s operating portfolio as consolidation proceeds.
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