Bloomberg
• Henrique Almeida
Portugal will enter another round of negotiations with Deutsche Lufthansa and Air France-KLM over the sale of a minority stake in TAP Air Portugal, seeking to improve the offers submitted by both airline groups before selecting a strategic partner for the flag carrier.
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Portugal will enter another round of negotiations with Deutsche Lufthansa and Air France-KLM over the sale of a minority stake in TAP Air Portugal, seeking to improve the offers submitted by both airline groups before selecting a strategic partner for the flag carrier.
High activity
Bombardier has agreed to acquire the assets of Mitsubishi Heavy Industries’ MHI Canada Aerospace in Mississauga, Ontario, taking control of a longtime aerostructures supplier for its Global and Challenger business jets. The facility employs approximately 750 people and expands Bombardier’s Canadian manufacturing footprint.
Aeroflot has acquired Lufthansa’s stakes in catering businesses, marking a corporate transaction between Russia’s flag carrier and the German airline group. The deal affects aviation-adjacent operations rather than aircraft or route networks, adding a new dimension to the companies’ respective portfolio strategies.
High activity
Boeing’s $8.4 billion acquisition of Spirit AeroSystems has exposed previously unidentified liabilities, while the FAA fined the company $3.1 million for hundreds of quality-system and safety violations tied to 737 production. Separately, foreign airlines are challenging the exclusion of non-U.S. operators from a $5.7 billion 5G upgrade fund.
Swire has accelerated the reduction of its holding in Cathay Pacific, bringing its stake to 39.2%. The transaction reshapes the ownership profile of one of Asia’s major airlines, making the latest change in Swire’s long-standing investment a closely watched corporate development.
High activity
Bombardier will acquire the assets of Mitsubishi Heavy Industries’ MHI Canada Aerospace in Mississauga, near Toronto Pearson airport, adding a manufacturing site and approximately 750 employees. The transaction expands Bombardier’s Ontario production footprint and brings a previously outsourced operation under direct control, strengthening its supply-chain resilience.
The U.S. Federal Aviation Administration has tentatively approved JetBlue Airways’ purchase of airport slots from Spirit Airlines, advancing a transaction that could reshape access to constrained airports while adding a regulatory dimension to the carriers’ broader competitive and strategic plans.
South African Airways plans to resume its search for a strategic equity partner, reopening a process aimed at bringing outside investment into the state-owned carrier. The move puts the airline’s ownership and capital strategy back in focus as it seeks a prospective long-term partner.
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