ch-aviation
• Daniel Martinez Garbuno
Peru’s competition watchdog has approved Abra Group’s acquisition of control of SKY Airline following a second-phase review, subject to limits on exclusivity. The decision clears a key regulatory hurdle for the transaction and expands the group that includes Avianca into another Latin American carrier.
M&A
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Peru’s competition watchdog has approved Abra Group’s acquisition of control of SKY Airline following a second-phase review, subject to limits on exclusivity. The decision clears a key regulatory hurdle for the transaction and expands the group that includes Avianca into another Latin American carrier.
A $1.8 billion transaction involving Air Canada’s loyalty program suggests the customer-rewards business is worth more than the airline itself, highlighting the financial value of frequent-flyer data, membership and recurring partner revenues relative to core airline operations.
Hainan Airlines plans to sell an 80% stake in its aircraft part-out business, signaling a change in ownership for an operation focused on dismantling aircraft and recovering value from components. The transaction could reshape the unit’s strategic and commercial direction.
A Hong Kong-based private equity firm has submitted a plan to rescue SriLankan Airlines, potentially opening a new path for the carrier’s ownership, financing and restructuring. The proposal highlights continued investor interest in distressed airline assets and the challenges facing Sri Lanka’s flag carrier.
Boeing’s decision to sell Wisk Aero is being viewed by analysts as a targeted effort to exit a struggling, non-core air-taxi business rather than the start of another divestment wave. The move reflects the aerospace giant’s focus on its broader turnaround priorities.
High activity
SpaceX has completed its reported $60 billion acquisition of AI coding startup Cursor, while Alphabet’s initial $900 million investment in the rocket company is now worth approximately $94 billion following SpaceX’s $86 billion June IPO. Alphabet is now SpaceX’s largest institutional shareholder.
CesiumAstro is acquiring Jariet Technologies, a semiconductor specialist, to expand its in-house technology capabilities as the phased-array antenna company advances plans for a future communications constellation. The deal strengthens CesiumAstro’s vertical integration across antenna and semiconductor technologies.
Joby Aviation plans to acquire Resonant Sciences for $500 million, establishing the company as Joby’s dedicated defense business. Resonant will house Joby’s hybrid-electric and autonomous projects, creating a formal separation between its commercial and defense-oriented VTOL activities.
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