Onex is buying WestJet in $5 billion deal — and taking it private

Onex Corp. has signed a friendly deal to buy WestJet Airlines Ltd. in an all-cash transaction it valued at $5 billion, including assumed debt. Under the agreement announced Monday, Onex will pay $31 per share for WestJet, which will operate as a privately held company. The price represents about a 67 per cent premium to […]

Brazil court revokes injunction against Embraer-Boeing deal

A Brazil appeals court judge has struck down a second injunction issued last week against the proposed commercial aviation joint venture between Embraer and Boeing. The move marks another legal victory for Embraer as it seeks to get Brazilian government approval for the tie-up with Boeing, although it remains to be seen if there will […]

Boeing May Have Just Cleared Its Biggest Hurdle For Embraer Deal

Boeing (BA) appeared closer to taking control of Embraer’s (ERJ) commercial jet business, after Brazil’s defense minister signaled that worries about the military segment have been resolved. The Brazilian government owns a «golden share» in Embraer, allowing it to veto any tie-ups. But Defense Minister Joaquim Silva e Luna was upbeat about a deal, telling […]

Reuters: Boeing-Embraer proposal brings tie-up closer but not imminent

Embraer (ERJ -1.1%) pulls back following a Reuters report that its proposed tie-up with Boeing (BA +2.2%) that was submitted on Tuesday to Brazilian authorities has brought a deal closer but some issues still need to be ironed out. The companies still must define BA"™s final stake in a new joint venture containing ERJ"™s commercial […]

Ryanair to offer flights to Brazil with Air Europa deal

Ryanair will soon offer flights to Brazil and other Latin American countries. The Irish low-cost carrier struck a deal with Spain"™s Air Europa, as part of its strategy to widen its network of long-haul partners. During the first stage of the partnership, Ryanair will allow customers to book Air Europa tickets from Madrid to 20 […]

IAG Cargo and Finnair Link Networks in innovative freighter sharing deal

IAG Cargo has partnered with Finnair Cargo to increase the reach of their respective networks by entering into a block space agreement on freighter capacity operating between London Luton and Helsinki. Operated by an A300-600 cargo freighter, the new air bridge joins the two carrier"™ networks together and will provide IAG Cargo customers with greater […]

Recibe Bancomext premio «Deal of the year 2014» por financiar aviones

El Banco Nacional de Comercio Exterior (Bancomext) recibió, junto con Banco Santander (México), y Aeroméxico, el premio «Deal of the year 2014», que otorga la revista especializada en negocios Trade Finance de Euromoney, por participar en una operación para financiar los anticipos para la compra de dos aviones Boeing 787/8, mejor conocidos como Dreamliner, con […]