ch-aviation
• Dirk Andrei Salcedo
The proposed integration of Pelita Air into Garuda Indonesia will not be completed in 2026, Danantara Indonesia chief operating officer Dony Oskaria said on Sept. 29. The delay extends uncertainty around the structure, timing and strategic rationale of the Indonesian state-linked carriers’ planned combination.
M&A
Latest source-backed stories
The proposed integration of Pelita Air into Garuda Indonesia will not be completed in 2026, Danantara Indonesia chief operating officer Dony Oskaria said on Sept. 29. The delay extends uncertainty around the structure, timing and strategic rationale of the Indonesian state-linked carriers’ planned combination.
BAE Systems is in the early stages of exploring a possible offer for Robin Radar Systems, according to three people familiar with the matter cited by Reuters. The potential transaction could value the radar specialist at approximately $2.3 billion, though no bid has been confirmed.
High activity
Pegasus Airlines has finalized its acquisition of Czech Airlines and the Smartwings Group after securing required regulatory approvals and satisfying closing conditions. The deal marks the Turkish low-cost carrier’s first foreign expansion, while the Czech Airlines brand is expected to remain intact.
High activity
Malaysia Aviation Group, parent of Malaysia Airlines, has signed an agreement to acquire Airbus-owned Sepang Aircraft Engineering, an A320-family MRO provider. The transaction, which would return the facility to Malaysian ownership, remains subject to regulatory approval and is expected to close in 2027.
High activity
Rocket Lab has signed a 20-mission Electron launch agreement with Japanese radar satellite company Synspective, calling it the rocket’s largest commercial contract to date. The deal extends a longstanding customer relationship and provides Synspective with dedicated launch capacity for its satellite program.
Ontic is acquiring SIRS Navigation’s magnetic compass business, adding products used on legacy aircraft to its portfolio. The transaction is intended to preserve long-term availability and support for aging navigation equipment as operators and maintainers continue to rely on established platforms.
High activity
Air France-KLM and Lufthansa have submitted improved binding offers for stakes of up to 49.9% in TAP Air Portugal, closing the bidding phase. Portugal plans to select a strategic partner by mid-October, while Air France-KLM proposes Lisbon as its sole southern European hub.
High activity
Spanish low-cost carrier Volotea has filed for preliminary creditor protection in Barcelona as it seeks to recapitalize amid sustained high jet-fuel prices. Its restructuring plan reportedly includes a significant reduction in its Airbus narrowbody fleet, job cuts in Barcelona and a potential transfer of control to Aegean Airlines.
Create a free account to see more recent M&A stories and keep bookmarks in one place.
