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WCC Aviation Holdings has signed a deal to acquire a 30% stake in PhilJets, a move the companies say will enhance opportunities in Philippine aviation services. The reported transaction signals a new ownership link between the two companies, but the available details do not specify its value or terms.
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WCC Aviation Holdings has signed a deal to acquire a 30% stake in PhilJets, a move the companies say will enhance opportunities in Philippine aviation services. The reported transaction signals a new ownership link between the two companies, but the available details do not specify its value or terms.
The California-based charter provider has acquired International Jet, a Colorado-based operator, further extending STA Jets’ network across the United States. The deal adds a second regional operator to the cluster’s coverage, though the available report provides no financial terms or details on fleet and operational integration.
Five parties are set to file binding proposals for Azores Airlines, advancing the process around the carrier’s future ownership. The available report does not identify the bidders, the terms they may offer or the expected timing of a decision.
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SpaceX is set to report third-quarter results after the bell on Oct. 20, its second earnings report as a public company. Investors are focused on revenue and EBITDA, whether AI spending exceeds the $15.8 billion reported for the prior quarter, and the timing of results ahead of a major financing round.
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Icelandair has completed its acquisition of a 49% stake in Fly Play Europe Holdco after meeting all conditions of the deal announced Aug. 20. The Maltese company’s subsidiary holds an air operator certificate; the business was formerly part of the now-insolvent Icelandic low-cost carrier PLAY.
Icelandair said it has completed the acquisition of a 49% stake in Fly Play Europe Holdco, the parent company of Maltese airline Fly Play Europe. The announcement confirms the transaction’s completion, but the available report does not provide financial terms or detail how the investment will affect either airline’s operations.
Santa Ana, California-based STAjets has reached a definitive agreement to acquire International Jet Aviation Services, a Part 135-certified operator based at Denver Centennial Airport. The deal follows STAjets COO Erik Neiderman’s stated plan, in a 2025 interview, to acquire another Part 135 operator.
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