AINonline
• Amy Wilder
Solairus Aviation plans to acquire Clay Lacy Aviation’s aircraft management and charter businesses in a deal that would expand Solairus’ managed fleet to more than 500 aircraft, including nearly 200 available for charter. The transaction would create one of the largest managed private-aircraft platforms in the U.S.
M&A
Latest source-backed stories
Allegiant reported $158 million in EBITDA for the second quarter, its first earnings release since completing the merger with Sun Country on May 13. The results provide the first financial snapshot of the combined carrier following the transaction.
Solairus Aviation plans to acquire Clay Lacy Aviation’s aircraft management and charter businesses in a deal that would expand Solairus’ managed fleet to more than 500 aircraft, including nearly 200 available for charter. The transaction would create one of the largest managed private-aircraft platforms in the U.S.
A pilot union is asking Mexican authorities to reject the proposed combination of Volaris and Viva, putting labor opposition and regulatory scrutiny at the center of the airlines’ prospective merger. The request adds another obstacle to a transaction involving two major Mexican carriers.
The planned sale of Russian regional airline Izhavia will proceed despite the carrier losing its air operator certificate, creating uncertainty around the transaction’s structure, operating continuity and value. The development highlights the regulatory and operational risks facing airline ownership deals in Russia’s aviation market.
Dubai Aerospace Enterprise CEO Firoz Tarapore discusses the company’s strategy to become a top-tier global aircraft lessor through acquisitions, while expanding its maintenance, repair and overhaul business as a complementary growth platform.
High activity
Apollo Global Management will acquire easyJet for £5.7 billion ($7.7 billion), offering £7.15 per share in cash after rival bidder Castlelake abandoned its pursuit. The transaction would take the U.K. budget airline into private-equity ownership as surging fuel prices pressure airline economics.
Belgium has blocked the proposed acquisition of NHV Group by China-linked GD Helicopter Finance. The helicopter operator supports offshore energy and defense operations, making the decision a notable intervention in foreign investment involving strategically relevant aviation assets.
Urumqi Air is considering establishing a joint carrier with Kazakhstan’s government, according to a report from Commercial Aviation News. The proposal signals potential expansion of cross-border airline cooperation, although details on ownership, fleet, routes and timing have not been disclosed.
Create a free account to see more recent M&A stories and keep bookmarks in one place.
