Bloomberg
• Loni Prinsloo
South Africa’s highest antitrust authority has approved private equity firm Harith General Partners’ proposal to acquire budget carrier FlySafair. The clearance removes the antitrust hurdle to the deal; the available report does not provide financial terms or further details about the transaction.
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South Africa’s highest antitrust authority has approved private equity firm Harith General Partners’ proposal to acquire budget carrier FlySafair. The clearance removes the antitrust hurdle to the deal; the available report does not provide financial terms or further details about the transaction.
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Airbus and Air France-KLM have completed the creation of Alpha Component Solutions, an equally owned joint venture providing component maintenance and support to A350 operators worldwide. The venture has begun operations, with contracts covering more than 500; the available reports do not specify what that figure counts.
Danantara Indonesia COO Dony Oskaria said the proposed merger of Garuda Indonesia and Pelita Air will proceed only after both carriers improve their business performance. The condition leaves consolidation contingent on a turnaround at each airline, rather than setting a merger timetable.
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The Federal Communications Commission approved Amazon’s purchase of U.S. satellite operator Globalstar, clearing a key regulatory hurdle for Amazon Leo’s communications network. The deal is valued at about $11.5 billion and is intended to accelerate Amazon’s entry into direct-to-device connectivity as it builds a network to compete with SpaceX’s Starlink.
The Federal Communications Commission has approved Amazon Leo’s $11.57 billion deal to acquire Globalstar. The decision marks a regulatory milestone for the transaction, bringing the satellite businesses under a proposed combination with a value of more than $11.5 billion.
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Elon Musk said SpaceX and Tesla have created special board committees to discuss a possible combination. He said he cannot intervene in their deliberations and described the committees as comprising independent directors, though the report characterizes the boards as closely aligned with him.
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