EasyJet takeover battle intensifies
June 29, 2026
EasyJet has rejected four takeover proposals from investment firm Castlelake, including the latest offer valuing the airline at approximately $4.9 billion (£6.50 per share), stating that the bids significantly undervalue the company and fail to adequately address ownership and regulatory concerns. While EasyJet has shared limited commercial information to allow Castlelake to improve its proposal and agreed to extend the takeover deadline to 5 July, the board remains confident in the airline's strong financial position, long-term growth strategy, and ability to deliver shareholder value independently. The market responded positively to the ongoing negotiations, with EasyJet's share price rising sharply, reflecting investor expectations of a potential higher bid.
Singapore Airlines (SIA) and Air China sign network joint venture MOU
June 29, 2026
Singapore Airlines (SIA) and Air China have signed a memorandum of understanding to establish a network joint venture covering services between Singapore and China, marking a significant expansion of their existing partnership. Building on their 2016 codeshare agreement, the proposed joint venture will include coordinated flight schedules, joint fare products, enhanced frequent flyer programme integration, collaborative marketing initiatives and revenue sharing. The partnership is expected to strengthen connectivity between the two countries, provide passengers with greater travel options and improve operational efficiencies. Collectively, the two Star Alliance carriers currently operate over 150 weekly services between Singapore and China, reinforcing their strategic presence in this key Asia-Pacific market.
US EXIM grants preliminary backing for Vietnam Airlines 737-8s
June 26, 2026
Vietnam Airlines has secured a preliminary commitment from the Export-Import Bank of the United States (EXIM) for a guaranteed loan of up to USD 2.9 billion to support the acquisition of 50 Boeing 737 MAX 8 aircraft. The aircraft are scheduled for delivery between 2030 and 2032 and form part of the airline's long-term fleet modernisation strategy. The financing commitment reflects continued access to international funding sources and follows previous EXIM-backed financing arrangements for the carrier's Boeing 777 and 787 fleets. The aircraft order was finalised in February 2026 during a visit by senior Vietnamese government officials to Washington, further strengthening aviation and trade ties between Vietnam and the United States.