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CNBC • Leslie Josephs

Allegiant CEO backs the low-cost leisure model as Sun Country acquisition closes

Allegiant CEO Greg Anderson said leisure demand remains strong even as fuel prices rise, arguing the carrier’s low-cost model can sustain profitability through cost pressure. The comments come as Allegiant’s Sun Country acquisition closes, reshaping the US leisure ULCC competitive set and capacity mix.

2026-05-13T14:24:56.209126-07:00

FlightGlobal

Korean Air and Asiana boards approve final merger: Asiana brand ends Dec. 17, 2026

2026-05-13T03:55:06.842642-07:00

Financial Times

Anduril raises $5B, doubling valuation to ~$61B as CEO outlines a faster path to autonomous warfare

2026-05-13T01:23:12.090665-07:00

ch-aviation

TAP Air Portugal to fully divest ground handling unit

2026-05-13T05:23:05.551920-07:00

News Timeline

CNBC

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Allegiant CEO backs the low-cost leisure model as Sun Country acquisition closes Allegiant CEO Greg Anderson said leisure demand remains strong even as fuel prices rise, arguing the carrier’s low-cost model can sustain profitability through cost pressure. The comments come as Allegiant’s Sun Country acquisition closes, reshaping the US leisure ULCC competitive set and capacity mix.

2026-05-13T14:24:56.209126-07:00

Allegiant CEO backs the low-cost leisure model as Sun Country acquisition closes

ch-aviation

TAP Air Portugal to fully divest ground handling unit TAP Air Portugal plans to fully divest its ground handling unit, a move that separates airport services operations from the airline’s core carrier business. The divestiture comes as TAP remains central to Portugal’s privatization process, shaping how potential investors view the group’s asset footprint.

2026-05-13T05:23:05.551920-07:00

TAP Air Portugal to fully divest ground handling unit

FlightGlobal

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Korean Air and Asiana boards approve final merger: Asiana brand ends Dec. 17, 2026 Korean Air and Asiana Airlines have finalized the definitive merger agreement after board approvals, setting Dec. 17, 2026 as the effective date. The Asiana brand will disappear at the Incheon hub as the carriers move to complete the integration process that began more than five years ago.

2026-05-13T03:55:06.842642-07:00

Korean Air and Asiana boards approve final merger: Asiana brand ends Dec. 17, 2026

Financial Times

Anduril raises $5B, doubling valuation to ~$61B as CEO outlines a faster path to autonomous warfare Anduril Industries said it raised $5 billion in a round led by Thrive Capital and Andreessen Horowitz, pushing its valuation to $61 billion—about double its prior mark in roughly 11 months. The company tied the funding to scaling manufacturing capacity, R&D, and the infrastructure required to produce advanced autonomous defense systems.

2026-05-13T01:23:12.090665-07:00

Anduril raises $5B, doubling valuation to ~$61B as CEO outlines a faster path to autonomous warfare

newsroom.lufthansagroup.com

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Lufthansa to move to 90% control of ITA Airways, formalizing majority stake deal for EUR325 million Lufthansa has confirmed it is formalizing its option to buy an additional 49% in ITA Airways, taking its stake to 90% for EUR325 million. The move follows the group’s earlier plan to secure control in late 2Q26/early 2027, extending Lufthansa’s integration of ITA into its systems and alliance operations.

2026-05-12T02:05:54.075685-07:00

Lufthansa to move to 90% control of ITA Airways, formalizing majority stake deal for EUR325 million

Via Satellite

Vitesse Systems and Accelint merge into Lyntris to build connected-battlefield defense technology Vitesse Systems and Accelint have combined to form a new defense tech company, Lyntris, positioned around the “connected battlefield.” The move consolidates both firms’ capabilities into a single platform aimed at improving how defense systems share information and coordinate in operational environments.

2026-05-11T14:07:51.156924-07:00

Vitesse Systems and Accelint merge into Lyntris to build connected-battlefield defense technology

Via Satellite

Hughes Network Systems reports Q1 2026 drop in broadband subscribers and service revenue amid intensified competition Hughes Network Systems said its satellite broadband business posted a decline in broadband subscribers and service revenue in Q1 2026, attributing the weakness to competitive pressure from other satcom providers and alternative connectivity technologies. The update points to softer demand dynamics even as Hughes continues inflight connectivity execution.

2026-05-11T14:07:38.120793-07:00

Hughes Network Systems reports Q1 2026 drop in broadband subscribers and service revenue amid intensified competition

ch-aviation

Portugal appoints commission to monitor sale of Azores Airlines Portugal has appointed a commission to monitor the sale of Azores Airlines, according to ch-aviation’s coverage. The oversight step signals heightened scrutiny of the airline’s ownership transition amid broader restructuring and investment activity in the Portuguese air sector.

2026-05-11T07:06:49.260534-07:00

Portugal appoints commission to monitor sale of Azores Airlines

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M&A News

Allegiant CEO backs the low-cost leisure model as Sun Country acquisition closes

Korean Air and Asiana boards approve final merger: Asiana brand ends Dec. 17, 2026

Anduril raises $5B, doubling valuation to ~$61B as CEO outlines a faster path to autonomous warfare

TAP Air Portugal to fully divest ground handling unit

News Timeline