SpaceNews.com
• Jason Rainbow
Singapore-based Astrum Space plans to merge with a publicly listed blank-check company in a transaction valuing the direct-to-device satellite venture at about $1 billion. The deal places Astrum among space startups using public-market combinations to fund connectivity ambitions and potentially expand investor access.
M&A
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Singapore-based Astrum Space plans to merge with a publicly listed blank-check company in a transaction valuing the direct-to-device satellite venture at about $1 billion. The deal places Astrum among space startups using public-market combinations to fund connectivity ambitions and potentially expand investor access.
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Apollo Global Management is acquiring a co-controlling stake in Atlantic Aviation from KKR, valuing one of the world’s largest fixed-base operators at nearly $10 billion. The partnership comes as Atlantic begins construction of a Nashville FBO with expanded hangar, ramp and fueling capacity.
Embraer invested $120 million to separate its commercial aviation business, ECA, from the rest of the company after its planned tie-up with Boeing collapsed. The transaction also created uncertainty for E-Jet customers, prompting some to delay orders while they assessed the deal’s implications.
Opposition is growing at the regional level to a proposed merger involving Air Busan, signaling potential political and stakeholder resistance to consolidation in South Korea’s airline market. The dispute could complicate the transaction and shape the future structure of the country’s regional aviation sector.
Abra Group and SKY Airline have completed a share-swap transaction, formalizing a closer corporate relationship between the aviation groups. The announcement marks a completed ownership transaction involving SKY Airline, although the available information does not disclose the deal’s financial terms or operational implications.
European Aviation, the UK lessor, is close to reacquiring European Cargo after the A340 freighter operator entered administration in June 2026, according to Sky News. The move could preserve the Bournemouth-based carrier’s operation while administrators address significant debt and assess the viability of its China–UK services.
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.
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