M&A News

eVTOL Insights

Joby to acquire defense technology firm Resonant Sciences for $500 million as it expands U.S. national-security business

Joby Aviation is acquiring Resonant Sciences, an EBITDA-positive defense technology company focused on stealth and radio-frequency applications, for approximately $500 million. The deal builds on more than a decade of work with U.S. defense and intelligence customers, alongside Joby’s new 45,000-square-foot Fort Worth eVTOL facility.

ch-aviation

Lufthansa CEO says potential TAP stake would strengthen ITA synergies and Atlantic markets

Lufthansa Group CEO Carsten Spohr says a potential minority investment in TAP Air Portugal could generate synergies with ITA Airways, strengthen the group’s position in southern Europe and improve its competitive standing in transatlantic and Latin American markets.

Bloomberg

High activity

Archer to acquire Boeing’s Wisk, Insitu and SkyGrid as Boeing takes nearly 20% stake

Archer Aviation will acquire Boeing subsidiaries Wisk Aero, Insitu and SkyGrid, bringing the former eVTOL rivals together and expanding Archer beyond urban air mobility. Boeing will receive a nearly 20% stake in Archer while retaining access to Wisk’s core autonomy technology.

CNBC

High activity

Archer to acquire Boeing’s Wisk, Insitu and SkyGrid in all-stock deal

Archer Aviation will acquire Boeing subsidiaries Wisk Aero, drone maker Insitu and air traffic-management firm SkyGrid in an all-stock transaction pending regulatory approval. The deal would give Boeing nearly 20% of Archer, make it the largest outside shareholder and add a board seat, with closing expected by year-end.

Air Data News

Rheinmetall to establish German integration capability for Boeing’s MQ-28 Ghost Bat ahead of 2029 Luftwaffe requirement

Rheinmetall will establish a systems-integration facility in Germany for Boeing’s MQ-28 Ghost Bat collaborative combat aircraft, adding national technology as the partners seek to position the platform for a Luftwaffe requirement targeted for 2029.

Air Data News

BALPA backs cooperation with Apollo and easyJet to protect pilots during proposed takeover

The British Airline Pilots’ Association says it will work with Apollo Global Management and easyJet throughout the airline’s proposed takeover, focusing on preserving pilots’ employment conditions regardless of the company’s future ownership.

Aviation Source

Allegiant reports strong Q2 2026 results after Sun Country acquisition despite higher fuel costs

Allegiant Travel Company reported solid second-quarter 2026 financial results following its acquisition of Sun Country, overcoming higher fuel costs. The performance follows Allegiant’s earlier expectation of a return to profitability and provides an initial indicator of the combined carrier’s financial trajectory.

Cranky Flier

Allegiant reports $158 million Q2 EBITDA in first results since Sun Country merger

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.