Payload
• Douglas Gorman
Iridium stockholders approved Rocket Lab’s acquisition with 99.6% of votes cast, endorsing consideration valued at $54 per share, comprising $27 in cash and collared Rocket Lab stock. The transaction remains subject to regulatory approvals and is expected to close by mid-2027, while Rocket Lab signals further deals ahead.
M&A
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Iridium stockholders approved Rocket Lab’s acquisition with 99.6% of votes cast, endorsing consideration valued at $54 per share, comprising $27 in cash and collared Rocket Lab stock. The transaction remains subject to regulatory approvals and is expected to close by mid-2027, while Rocket Lab signals further deals ahead.
High activity
British private-equity firm Attestor is exercising its option to acquire the German government-held 49% stake in Condor, following an agreement reached in 2021. The transaction, expected to close in late August 2027, will end state ownership as Condor pursues medium- and long-haul fleet renewal and growth.
High activity
MBS has acquired a 20% stake in HPS, supporting a seven-figure investment program at the German space-hardware company. The funding will help HPS expand beyond its existing space activities into defense and communications markets, broadening its addressable customer base and strategic footprint.
Air India’s incoming chief executive is weighing a merger between the full-service carrier and its low-cost subsidiary, according to Commercial Aviation News. The potential combination could reshape the group’s operating structure and brand portfolio, although no decision or timeline has been reported.
Aegean Airlines has denied reports or speculation that it intends to acquire Volotea. The statement addresses potential consolidation involving two European carriers, but the available reporting provides no further details on the source or circumstances behind the claims.
L’imad Holding, the Abu Dhabi sovereign investor whose portfolio includes Etihad Aviation Group, is reportedly considering an offer for a stake in Atlas Air Worldwide Holdings, parent of Atlas Air. Discussions are at an early stage, and any transaction could value the airfreight group at $10 billion or more.
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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