CNBC
• Leslie Josephs
United Airlines CEO Scott Kirby outlined his views on potential large-scale airline transactions, the role of artificial intelligence and the carrier’s strategic direction in a wide-ranging CNBC interview. The discussion offers insight into how United is framing consolidation and technology as it plans for the future.
M&A
Latest source-backed stories
United Airlines CEO Scott Kirby outlined his views on potential large-scale airline transactions, the role of artificial intelligence and the carrier’s strategic direction in a wide-ranging CNBC interview. The discussion offers insight into how United is framing consolidation and technology as it plans for the future.
Former bidders for Asiana Airlines are disputing the breakdown of an attempted takeover, underscoring continued uncertainty around the carrier’s ownership and restructuring prospects. The available reporting does not provide further detail on the parties’ claims or the consequences for Asiana’s operations.
SpaceX and AST SpaceMobile are reportedly interested in acquiring Grain Management’s spectrum for direct-to-phone satellite services, while Muon Space raised $250 million at a $1.5 billion valuation. Muon plans to scale production to 500 satellites annually by 2027 and expand defense, NASA and NOAA work.
High activity
Rocket Lab announced an agreement on June 29 to acquire Iridium, a move that would significantly broaden the launch company’s position in the satellite sector. Analysts are assessing how the transaction could accelerate Rocket Lab’s strategy to build a next-generation space company.
High activity
Icelandair Group has completed its purchase of a 49% shareholding in Fly Play Europe Holdco, Play’s Malta-based airline entity, for $686,000. The deal gives Icelandair flexibility to streamline operations through the former rival’s European operating certificate and corporate structure.
High activity
Norse Atlantic is seeking ACMI placements, sale or merger opportunities for up to five Boeing 787-9s returning from IndiGo after the partnership ended. The Norwegian carrier reported $132 million in second-quarter revenue but negative $8.4 million EBITDAR, citing fuel costs and lower fleet utilization.
SpaceX approached Cognition AI, the developer of an AI coding platform, about a potential acquisition, according to people familiar with the matter. The deal would have marked SpaceX’s second large takeover in recent months as Elon Musk’s space company seeks to strengthen its position in artificial intelligence.
Create a free account to see more recent M&A stories and keep bookmarks in one place.
