Fusiones y Adquisiciones

✈ General Electric has advised replacing a microprocessor in Boeing 787 aircraft engines, affecting fuel control and flight safety. This follows an Air India crash en route to London with 242 passengers, where both engines failed for 15 seconds. GE's recommendation indicates that thermal cycles may cause processor failure, suggesting a technical rather than human error during takeoff. The engines restarted but couldn't regain thrust in time due to proximity to the ground.

🛩 Por primera vez in 23 years, Norwegian Airlines will distribute dividends due to record performance. June had the highest passenger volume and occupancy since COVID-19. CEO Geir Karlsen declared 2023 the best year since 2019, with Q2 profits of $124 million, exceeding $100 million expectations. The market responded with a 7.7% rise. Post-crisis, Norwegian operates within Scandinavia and Europe with only Boeing 737s, having ceased long-haul flights.

🏨 Meridia adquiere dos hoteles en Madrid: 230 habitaciones en el antiguo Easyhotel de Atocha y 156 en el Ibis Budget Madrid Aeropuerto. Ambos hoteles, con 102 y 53 plazas de aparcamiento respectivamente, son recientes y bien ubicados cerca de estaciones estratégicas. Esta compra, parte de la quinta inversión de Meridia V, refuerza su presencia en el sector hotelero. Asesores: Uría Menéndez, Ernst & Young, Almar Consulting, Colliers, y Eastdil Secured.

✈ El Gobierno portugués ha aprobado la venta del 49.9% de TAP Air Portugal. Un 44.9% irá a inversores y 5% a trabajadores. El primer ministro, Luís Montenegro, anunció la decisión. Lufthansa, IAG, y Air France-KLM están interesados. Lufthansa planea una planta en Santa Maria da Feira en 2026, creando 700 empleos. TAP fue nacionalizada en 2021 tras recibir 3,200 millones de euros. La venta busca reducir participación estatal sin perder control.

✈️ Air France-KLM is set to increase its stake in SAS from 20% to 60.5%, purchasing shares from Castlelake and Lind Invest. Denmark’s government will retain its 26.4% stake. CEO Anko van der Werff emphasizes the strategic importance of this move for stability and integration, enhancing SAS's position. Final transaction details will depend on SAS's financial results at deal closure, pending regulatory approval.

🏢 Úbico, created by World2Meet (W2M) in March 2021, has grown into a €200 million giant within the retail division. Led by Javier Longarte, it represents about one-third of W2M's retail revenue. With 22 offices, Úbico expects over 20% growth this year. Major clients include Indra and Moeve from the Ibex35, along with ACB and the Spanish Federations of Rugby and Table Tennis. Renewed contracts include the Spanish Basketball Federation and the Spanish Paralympic Committee for four years.

🚢 Baleària, in June 2025, has made a €209 million offer for Naviera Armas-Trasmediterránea's key assets, including routes in the Mar de Alborán and Canary Islands. Meanwhile, DFDS, a Danish company, has bid €300 million for the profitable Strait routes. Competing with Baleària, Boluda, alongside Canary businessmen, offered around €150 million for Canary routes. Despite local government support, Baleària's robust proposal challenges Canary control. Baleària, already collaborating with Fred Olsen, aims to bolster its Canary presence.

🎉 El Bundeskartellamt, Alemania, autorizó a Lufthansa a adquirir un 10% de Air Baltic, una aerolínea letona. Esta participación permite influencia en la junta directiva, aunque sin requerir aprobación comunitaria. Andreas Mundt, presidente de la oficina de Competencia alemana, menciona que la operación limita mínimamente la competencia en rutas bálticas. Lufthansa planea cooperar en el alquiler de aviones. En comparación, IAG controla un 20% de Air Europa, mostrando que la influencia depende del propietario.

🏨 Hyatt Hotels Corporation will sell its entire real estate portfolio of Playa Hotels & Resorts for $2 billion to Tortuga Resort, a joint venture between KSL Capital Partners and Rodina, including 15 resorts in Mexico, the Dominican Republic, and Jamaica. Expected to close by year-end, the transaction is part of Hyatt's plan to generate $2 billion from asset sales by 2027. Hyatt retains $200 million in preferred equity, with potential additional earnings of up to $143 million.

📈 Viajes El Corte Inglés' Tourmundial saw a 39.8% sales increase in 2024, reaching €172.7 million, despite a dispute with Ávoris since mid-2023. Travelplan's growth slowed to 6.2% in 2024, totaling €257 million, down from 24.3% in 2023. Catai's sales growth dropped from 12.3% in 2023 to 1.2% in 2024, with €162.3 million in sales. The conflict began over Ávoris' breach related to the Imserso tourism program.