ch-aviation
• Dirk Andrei Salcedo
Jin Air is set to absorb fellow South Korean carriers Air Busan and Air Seoul in late first quarter 2027, according to Commercial Aviation. The planned transaction would consolidate the three airlines under Jin Air, marking a significant restructuring of South Korea’s airline landscape.
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Jin Air is set to absorb fellow South Korean carriers Air Busan and Air Seoul in late first quarter 2027, according to Commercial Aviation. The planned transaction would consolidate the three airlines under Jin Air, marking a significant restructuring of South Korea’s airline landscape.
The U.S. Trustee is urging a bankruptcy court to appoint an examiner to investigate $1.5 billion in alleged “unusual transactions” between EchoStar Corp. and its bankrupt subsidiary, Hughes Satellite Systems Corp. The request places EchoStar’s intercompany dealings and governance under heightened legal scrutiny.
Space-based communications and intelligence provider CesiumAstro has acquired Virginia-based 1Aardvark, a mission software and defense systems engineering company. The transaction marks CesiumAstro’s third defense systems acquisition this year, expanding its capabilities across mission software and integrated defense engineering.
Kratos Defense and Security Solutions said its space business delivered 22% organic revenue growth in the second quarter, supported by its Orbit and Nomad acquisitions. The company said demand is expanding at the expected high rate, though classified contracts make its growth difficult to assess externally.
CesiumAstro is raising additional funds in a Series D round as the phased-array antenna specialist pursues an acquisition spree and prepares to become a constellation operator, signaling an expansion from supplying space communications technology toward operating space-based infrastructure.
Colorado-based Ursa Major plans to merge with a blank-check company and enter public markets in early 2027 at a valuation of about $2.3 billion. The transaction is intended to fund the shift from development and low-rate production to full-rate output of rocket engines, hypersonic systems and solid rocket motors.
easyJet and Apollo have delayed the deadline for distributing acquisition details to shareholders, giving the parties additional time for what the UK carrier described as “constructive engagement” with aviation regulators. The extension indicates regulatory discussions remain central to the proposed transaction and its shareholder timetable.
Korean Air is expanding its maintenance, repair and overhaul capabilities and pursuing third-party work as it nears completion of its Asiana Airlines integration. Separately, Jin Air, Air Busan and Air Seoul are merging to create South Korea’s largest low-cost carrier, consolidating the country’s airline sector.
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