The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
Category: Mergers, Acquisitions and Divestitures
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Spirit Airlines Prepares to Shut Down
The New York Times – Business: -
United Airlines CEO, Rebuffed by American, Says He’s Skeptical of Other Deals
The New York Times – Business:The chief executive, Scott Kirby, said that buying a smaller airline might not be worth the effort.
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Deal Talks Between Pernod and Maker of Jack Daniel’s Falter
The New York Times – Business:The collapse of the talks could pave the way for another spirits company, Sazerac, to open negotiations with Brown-Forman.
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
The New York Times – Business:A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.
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United Airlines Says It Pitched American on Merger but Was Rebuffed
The New York Times – Business:United’s chief acknowledged for the first time that he had broached the idea of a merger with American, which was unwilling to consider it.
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SiriusXM Said to Be in Early Talks to Acquire iHeartMedia
The New York Times – Business:A deal, which was described by two people familiar with the discussions, would unite two major providers of traditional and satellite radio.
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Why Everyone, Including Trump, Is Talking About Airline Mergers
The New York Times – Business:A few carriers are making a lot of money while many are struggling. President Trump and industry executives seem to think mergers may be the answer.
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Warner Bros. Investors Approve Deal With Paramount
The New York Times – Business:The vote brings the tech scion David Ellison one step closer to uniting some of the world’s biggest news and entertainment properties.