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ch-aviation • Luciano Braganca

Delta extends Wheels Up lock-up restrictions through May 22, 2027

Delta Air Lines has agreed to extend the lock-up restriction covering all shares it received under the Investment and Investor Rights Agreement with Wheels Up. The restriction is extended by one year, through May 22, 2027.

2026-05-26T13:24:29.551217-07:00

CAPA

Russia to sell up to 23.76% of Aeroflot stake via stock-market offering, keeping majority state control

2026-05-25T15:44:28.224673-07:00

ch-aviation

Portugal’s government outlines plan to sell 75% stake in Azores Airlines

2026-05-26T06:05:04.732444-07:00

ch-aviation

Romania’s Dan Air explores sale or joint-venture options as capacity and route plans come under pressure

2026-05-25T01:44:38.477074-07:00

News Timeline

ch-aviation

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Delta extends Wheels Up lock-up restrictions through May 22, 2027 Delta Air Lines has agreed to extend the lock-up restriction covering all shares it received under the Investment and Investor Rights Agreement with Wheels Up. The restriction is extended by one year, through May 22, 2027.

2026-05-26T13:24:29.551217-07:00

Delta extends Wheels Up lock-up restrictions through May 22, 2027

ch-aviation

Portugal’s government outlines plan to sell 75% stake in Azores Airlines The government has outlined a plan to divest 75% of Azores Airlines, setting up a majority ownership change that could reshape the carrier’s strategic direction and capital structure. The move places the airline in a broader European context of state-to-market airline restructuring and stake sales.

2026-05-26T06:05:04.732444-07:00

Portugal’s government outlines plan to sell 75% stake in Azores Airlines

ch-aviation

SATA Group reports improved 2025 operating results as Azores Airlines privatization restarts SATA Group said it delivered improved 2025 operating results across its operating companies, with positive EBITDA. The group also reported that Azores Airlines’ privatisation process has resumed, drawing reported interest from multiple bidders, including Binter Canarias and Icelandair.

2026-05-26T06:05:04.732444-07:00

SATA Group reports improved 2025 operating results as Azores Airlines privatization restarts

Reuters

Applied Aerospace & Defense targets up to $3.59B valuation in US IPO backed by private equity Applied Aerospace & Defense, a private equity-backed government contractor, is pursuing a US initial public offering with an expected valuation of up to $3.59 billion. The filing reflects an investor push into defense-related aerospace as geopolitical tensions keep demand expectations elevated.

2026-05-26T04:47:20.724571-07:00

Applied Aerospace & Defense targets up to $3.59B valuation in US IPO backed by private equity

CAPA

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Russia to sell up to 23.76% of Aeroflot stake via stock-market offering, keeping majority state control Russia’s federal property agency (Rosimushchestvo) has initiated a process to divest up to a 23.76% stake in flag-carrier Aeroflot through a stock-market offering. The state will retain majority control as part of a wider privatisation and financial-markets development programme.

2026-05-25T15:44:28.224673-07:00

Russia to sell up to 23.76% of Aeroflot stake via stock-market offering, keeping majority state control

ch-aviation

Romania’s Dan Air explores sale or joint-venture options as capacity and route plans come under pressure Romanian carrier Dan Air is reported to be up for sale or considering joint-venture (JV) agreements. The development adds another layer to the operator’s evolving strategy after it previously pushed back multiple spring 2026 European route launches tied to cost pressures, including jet-fuel increases.

2026-05-25T01:44:38.477074-07:00

Romania’s Dan Air explores sale or joint-venture options as capacity and route plans come under pressure

Axios

SpaceX’s IPO pitch widens: $75B target raise, $28.5T TAM framing, and a Starship V3 test-flight failure weeks ahead of launch SpaceX is positioning itself to join the ranks of public companies building the space-based economy, using its IPO marketing to frame a $28.5T total addressable market and a potential $75B fundraise. The filing also lands amid timing pressure after a Starship V3 test deployed mock satellites while the Super Heavy booster was destroyed after separation.

2026-05-24T07:59:20.794940-07:00

SpaceX’s IPO pitch widens: $75B target raise, $28.5T TAM framing, and a Starship V3 test-flight failure weeks ahead of launch

ch-aviation

Delta CEO Ed Bastian says it will bypass US airline consolidation, prioritize international growth via partnerships Delta Air Lines CEO Ed Bastian told Bloomberg the carrier will not prioritize consolidation in the US market, instead focusing on expanding abroad through partnerships. The stance reinforces Delta’s preference for international growth over US M&A as the domestic deal environment remains uncertain.

2026-05-21T14:54:15.177522-07:00

Delta CEO Ed Bastian says it will bypass US airline consolidation, prioritize international growth via partnerships

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M&A News

Delta extends Wheels Up lock-up restrictions through May 22, 2027

Russia to sell up to 23.76% of Aeroflot stake via stock-market offering, keeping majority state control

Portugal’s government outlines plan to sell 75% stake in Azores Airlines

Romania’s Dan Air explores sale or joint-venture options as capacity and route plans come under pressure

News Timeline