The deal comes as the aircraft leasing industry is becoming increasingly more consolidated. Air Lease will now have SMBC’s financial backing, and perhaps even more industry influence as a result of this deal.
HomeToGo just spent over $200 million to buy Interhome, a Swiss vacation rental operator. The move may cement the brand's shift from being a consumer-facing "Kayak for vacation rentals" to more of a B2B platform.
Frontier is rolling out 20 new routes, some in direct competition with Spirit. If Spirit falters, Frontier would be well-positioned to scoop up market share.
They say third time’s the charm. With two failed IPO attempts behind it, Oyo is back with profits on the rise, new acquisitions, and a premium push. Will the markets finally bite?
Turkish Airlines doesn’t need full control of Air Europa to gain a foothold in Latin America – just a well-timed minority stake with fewer regulatory headaches than its European rivals.
The members-only club operator Soho House has agreed to an equity buyout by Tyler Morse and MCR Hotels, the third-largest owner of U.S. hotels. Billionaire Ron Burkle retains control.
With this acquisition, IHCL isn’t just dipping its toes into the mid-market, it’s diving right in. With 85% of these hotels getting the Ginger name, the mid-tier is clearly the company’s growth engine for the decade.