Fusiones y Adquisiciones

✈ Iberojet aims to grow in aircraft leasing to third parties, competing with Wamos Air, World2Fly, Plus Ultra, and Privilege in Spain. Due to global fleet shortages and manufacturers' delivery delays, this business line has become more profitable. Air Europa, impacted by fleet issues, has become Iberojet's major client, using its ACMI services for long-haul destinations. Iberojet, with seven planes including two A350-900s and six long-haul aircraft, plans to expand its fleet to meet market demands. They transported 2,500 tons of cargo from January to September, a 30% increase year-over-year.

✈ Aeroflot, Russia's state airline, is facing a severe spare parts crisis and has decided to purchase five Boeing 737 cargo model 800BCF to dismantle for parts for its fleet. This decision comes as 34 out of 66 A320 aircraft in Russia are grounded due to a lack of spare parts. The aircraft will be transferred to Pobeda, Aeroflot's low-cost subsidiary, after previous consideration of converting them to passenger planes was deemed too costly. Russian aviation is suffering, with many small and medium-sized airlines on the brink of bankruptcy and unable to repair their aircraft, intensifying the need to keep planes flying, especially in remote regions where air travel is often the only viable transport option.

🏨 The world's only IKEA hotel, located in Älmhult, Sweden, opened on August 22, 1964, as Motell IKEA with 25 rooms, a restaurant, and a pool. Today, after 60 years, it operates as IKEA Hotell with 250 rooms, 5 meeting rooms (one with a capacity of 80 people), a bar, sauna, gym, laundry, and lounges; the pool has been replaced by additional conference spaces, and the buffet is now Grillen culinary grill.

✈ Icelandair received its first Airbus A321LR on Tuesday, marking a strategic transformation and a shift from Boeing to Airbus due to a lack of a Boeing 757 replacement. The A321LR is a two-engine, single-aisle aircraft seating over 200 passengers, suitable for Icelandair's routes to Europe, Canada, and the USA. The airline leased four A321LRs, like the one introduced by TAP Portugal, and placed a firm order for 13 A321XLRs. The new aircraft, registered TF-IAA, flew from Hamburg to Keflavík Airport with 165 economy and 22 business class seats.

🏖 5vorFlug, previously part of FTI Group until late August, resumes operations in Spain from January, mainly in the Balearic and Canary Islands, now under new owner Urlaubsguru Touristik, a 'last minute' travel deals blog. Urlaubsguru Touristik is expanding as a holiday package wholesaler in 2025 to markets including Greece, Egypt, and Turkey. The German market operator specializes in 'lifestyle' travel, creating unique experiences combined with special travel offers. Director General, Daniel Frick, formerly of Urlaubsguru, aims to offer lifestyle hotels with unique travel experiences, adding destinations like New York and Miami to their portfolio. Despite the rebranding, the focus on lifestyle and community exchange remains. The sale is part of the liquidation of Europe's second-largest tourism group following FTI Group's insolvency on June 1.

🚀 Norse Atlantic Airways, struggling with market volume for its Boeing 787 Dreamliner fleet, leases 6-7 units possibly to Riyadh Airlines, under ACMI terms for 350 flight hours per month per aircraft. The potential contract extension could value the deal at $462 million. Norse previously dry-leased aircraft to Air Europa during the COVID recovery period.

🏦 Azulmarino, part of World2Meet (W2M), aims to expand in Madrid (from 12 to 20 agencies) and Barcelona (from 1 to 20 agencies) by 2025. Plans include growing in Andalusia by adding 30 to 40 locations, either owned or franchised. The search for locations will start in June to open them by January 2026. Azulmarino currently operates 185 sales points and doesn't intend to exceed 200 owned agencies.

📍 Jolidey brand's disappearance won't lead to layoffs, says Ávoris in a letter referencing no job losses despite Jolidey being absorbed by Travelplan on December 10. All Jolidey teams retained, with a dedicated Caribbean section on Travelplan's website. Existing commercial conditions and payment methods through Travelsens to remain unchanged, aiming to enhance the product offer and ease of service for clients.

🛩 Hungary Airlines, based in Budapest, has acquired 100 Boeing 737 Max aircraft. The deal was signed by CEO Duan Bo and Boeing in China. The airline's strategy is unclear as the 737 Max's range only covers Western China, which has limited commercial value in Europe. Additionally, the Hungarian market alone may not justify the fleet size, suggesting a potential hub strategy for European flights. Regulatory challenges include disguising 51% of the airline's capital to appear European. 🛩️

🛫 Lufthansa gains EU approval to acquire 41% of ITA Airways, with IAG, Air France-KLM handling long-haul and Easyjet short to medium flights. The transaction, set for January 2025, follows an EU Commission agreement reached on November 30, 2023, and a conditional green light on July 3, completing a scrupulous process.