Add-on Acquisition • Aerospace

American Airlines Acquires Vertical Aerospace

On June 10, 2021, American Airlines acquired aerospace company Vertical Aerospace

Acquisition Context
  • This is American Airlines’ 1st transaction in the Aerospace sector.
  • This is American Airlines’ 1st transaction in the United Kingdom.

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M&A Deal Summary

Date June 10, 2021
Target Vertical Aerospace
Sector Aerospace
Buyer(s) American Airlines
Deal Type Add-on Acquisition

Target Company

Vertical Aerospace

Bristol, United Kingdom
Vertical Aerospace is an urban air mobility and electrifying air travel. Vertical Aerospace was founded in 2016 and is based in Bristol, United Kingdom.
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Buyer Overview 1

Buyer

American Airlines

Fort Worth, Texas, United States

Category Company
Founded 1930
Sector Airlines
Employees132,800
Revenue 54.2B USD (2024)
DESCRIPTION
Entrance to American Airlines' corporate headquarters in Fort Worth, Texas.
Entrance to American Airlines' corporate headquarters in Fort Worth, Texas.

American Airlines is the holding company for American Airlines that offers an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. It is a founding member of the oneworld alliance, whose members and members-elect serve nearly 1,000 destinations with 14,250 daily flights to 150 countries. American Airlines was incorporated in 1930 and is based in Fort Worth, Texas.


Deal Context for Buyer #
Overall 2 of 4
Sector: Aerospace 1 of 3
Type: Add-on Acquisition 1 of 2
Country: United Kingdom 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-14 US Airways Group

Tempe, Arizona, United States

US Airways Group, along with US Airways Shuttle and US Airways Express, operates nearly 3,200 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs more than 32,000 aviation professionals worldwide, operates the world's largest fleet of Airbus aircraft and is a member of the Star Alliance network, which offers its customers more than 21,500 daily flights to 1,356 airports in 193 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport. US Airways Group, Inc. was formed in 1939 and is headquartered in Tempe, Arizona.

Buy $11.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 ZeroAvia

Hollister, California, United States

ZeroAvia is a zero-emission aviation company focused on hydrogen-electric aviation solutions to address a variety of markets, initially targeting a 300-mile range in 9-19 seat aircraft by 2024, and up to 700-mile range in 40-80 seat aircraft by 2026. The company has already secured experimental certificates for its two-prototype aircraft from the CAA and FAA, passed significant flight test milestones, secured a number of key partnerships with major aircraft OEMs and major global airlines, and is on track for commercial operations in 2024. ZeroAvia is based in Hollister, California.

Buy -