{"id":166657,"date":"2024-07-03T13:00:10","date_gmt":"2024-07-03T13:00:10","guid":{"rendered":"https:\/?p=166657"},"modified":"2024-07-03T21:57:43","modified_gmt":"2024-07-03T21:57:43","slug":"flight-path-of-airline-ma-since-2001","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/07\/flight-path-of-airline-ma-since-2001.html","title":{"rendered":"Flight path of Airline M&A since 2001"},"content":{"rendered":"\n

The European Commission approved a long-awaited deal for Lufthansa to take a 41% stake in Italy’s ITA Airways on Wednesday, in Europe’s latest major consolidation.<\/p>\n\n\n\n

The European sector has experienced a wave of consolidation in the last 20 years as small national airlines struggle to compete with larger global groups and budget carriers.<\/p>\n\n\n\n

This comes as regulators fear the industry in North America is too concentrated, with some deals blocked by courts.<\/p>\n\n\n\n

\u2192 Star Alliance named the World\u2019s Best Airline Alliance<\/a><\/em><\/strong><\/p>\n\n\n\n

Here are some of the key deals globally since 2001:<\/h2>\n\n\n\n

2001-<\/strong> American Airlines reaches deal to acquire Trans World Airlines (TWA).<\/p>\n\n\n\n

2004 –<\/strong> France’s Air France and Dutch carrier KLM announce plans to merge. Dutch carrier Transavia, previously owned by KLM, also becomes part of Air France-KLM.<\/p>\n\n\n\n

2005 –<\/strong> Lufthansa takes minority stake in Swiss Airlines. It completes the takeover in 2007.<\/p>\n\n\n\n

2008 –<\/strong> Delta Air Lines merges with Northwest Airlines.<\/p>\n\n\n\n

2009 –<\/strong> Lufthansa gets green light to buy Austrian Airlines. The same year, Lufthansa acquires a stake in Brussels Airlines, before taking it over fully in 2017.<\/p>\n\n\n\n

2010 – <\/strong>United Airlines and Continental Airlines merge in an all-stock transaction and Southwest Airlines reaches a deal to buy AirTran Holdings.<\/p>\n\n\n\n

2011 –<\/strong> IAG forms after British Airways acquires Spanish carrier Iberia. The merger agreement was signed in 2010.<\/p>\n\n\n\n

2013 – <\/strong>IAG takes a 90% stake in Barcelona-based Vueling, which was already largely under Iberia’s management.<\/p>\n\n\n\n

2013 – <\/strong>American Airlines and US Airways unveil a $11 billion merger.<\/p>\n\n\n\n

2014 –<\/strong> Etihad Airways invests 1.7 billion euros ($1.83 billion) and takes a 49% stake in Alitalia, ITA Airways’ troubled predecessor.<\/p>\n\n\n\n

2016 –<\/strong> Alaska Air announces a deal to buy Virgin America for $2.6 billion.<\/p>\n\n\n\n

2019 – <\/strong>Cathay Pacific Airways says it will buy budget carrier Hong Kong Express for $628 million.<\/p>\n\n\n\n

2020 – <\/strong>Italy nationalises Alitalia, taking back ownership in March, after the carrier was privatised in 2009.<\/p>\n\n\n\n

2021 –<\/strong> Korean Air says it will take over two-thirds of Korea’s struggling second major carrier Asiana Airlines for $1.6 billion.<\/p>\n\n\n\n

2022 –<\/strong> Tata-owned flag carrier Air India says it will merge with Vistara, a joint venture between Tata and Singapore Airlines.<\/p>\n\n\n\n

2022 –<\/strong> JetBlue Airways wins a bidding war for Spirit Airlines after the ultra-low-cost carrier terminates a $2.7 billion merger deal with Frontier Group and accepts its $3.8 billion buyout. The deal, however, is called off in 2024 after a U.S. judge blocked it on competition concerns.<\/p>\n\n\n\n

2023 – <\/strong>Alaska Air announces a deal to buy Hawaiian Airlines for $1.9 billion, including debt.<\/p>\n\n\n\n

2023 – <\/strong>Scandinavian carrier SAS announces a rescue deal to help it exit Chapter 11 bankruptcy, under which Castlelake will take a stake of about 32%, while Air France-KLM’s will be around 20% and the Danish state will hold about 26%.<\/p>\n\n\n\n

2024 –<\/strong> The European Commission approves the acquisition of Asiana by Korean Air.<\/p>\n\n\n\n

ONGOING<\/strong><\/p>\n\n\n\n

IAG – AIR EUROPA<\/strong><\/p>\n\n\n\n

The European Commission is set to make a final decision on the deal by July as it assesses whether taking over Air Europa will make IAG unreasonably dominant in the Iberian peninsula.<\/p>\n\n\n\n

TAP AIR PORTUGAL<\/strong><\/p>\n\n\n\n

Portugal’s struggling national carrier has long been looking to find a private investor to take it over from the government.<\/p>\n\n\n\n

IAG, Air France-KLM and Lufthansa have expressed interest.<\/p>\n\n\n\n

TAP CEO Luis Rodrigues last month said that the new centre-right government should not sell 100% and should also bring in non-aviation investors, such as private equity.<\/p>\n\n\n\n

SAS<\/strong><\/p>\n\n\n\n

The European Commission is evaluating Air France-KLM’s offer to take a 19.9% stake in Scandinavian carrier SAS.<\/p>\n\n\n\n

With information from Reuters<\/a><\/p>\n\n\n\n

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