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Tag: Merger
NEWS Apr 05, 2022 JetBlue Makes Bid To Acquire Spirit Airlines Just after Frontier announced its plan to purchase Spirit Airlines, JetBlue made an even more generous bid to purchase the ultra-low-cost carrier. This offer has acted as a competitive blow to Frontier Airlines, which was hoping to use consolidation to grow its presence across America. Read More →
STORIES Mar 26, 2022 The Frontier/Spirit Merger: Bad For Business and Bad For Consumers With so many mergers in the airline industry throughout the past few years, many believed that the industry’s period of consolidation was over. However, recently, Frontier and Spirit Airlines announced their plans to merge, creating the fifth largest airline in the United States. While the companies claim the combined carrier would offer better options to travelers across its network, closer examination reveals plenty of red flags around the proposed merger. Read More →
NEWS Feb 07, 2022 Frontier and Spirit Airlines Merge in Deal Valued at Over $6.6Bn This morning, Frontier Airlines announced that they would be merging with Ultra Low-Cost Carrier Spirit Airlines in a merger valued at more than $6.6 billion U.S. Dollars. After this deal, Frontier Airlines will control 51.5% of the merger, with Spirit owning the remaining 48.5%. Read More →
NEWS Feb 02, 2022 The Indian Rebound: Tata Group Officially Gains Control of Air India In this article, I analyze the history of Air India as well as what led to the recent privatization of the airline, as well as the next steps for the new owners, the Tata Group. Read More →
NEWS Korean Airlines to Acquire Asiana Air Amid the COVID-19 pandemic, many airlines have intensified their losses or have received losses due to the COVID-19 pandemic.  Asiana Airlines has been one of these airlines in previous years.  Its struggles have led it to a new future. Korean Air, South Korea's largest airline, recently announced that they will acquire a 30.77 percent stake in their rival, Asiana Airlines. This deal is valued at over 1.62 billion USD (1.8 trillion won) and will make Korean Air the 10th largest airline in the world. Read More →