Top transport mergers and acquisitions in November 2026
Every verified merger and acquisition in the transport sector in this period, ranked by disclosed value. Updated every morning.
We tracked 5 deals in the transport sector in November 2026, 4 of them with a disclosed value, worth $3.1bn in total. The largest was Constellation Aviation (I Squared Capital, ADIA and Avolon)'s $1.4bn deal for Portfolio of 22 leased aircraft from Avolon, ahead of Lufthansa Group and TAP Air Portugal (44.9% stake) at $1.2bn.
Top transport mergers and acquisitions in November 2026
- 12 NovConstellation Aviation (I Squared Capital, ADIA and Avolon) → Portfolio of 22 leased aircraft from AvolonAvolon to sell US$1.4bn aircraft portfolio to new I Squared-led platformTransport / Aircraft leasingAgreed$1.4bn
- 23 NovLufthansa Group → TAP Air Portugal (44.9% stake)Lufthansa signs €1bn deal for 44.9% of TAP Air PortugalTransport / AirlinesAgreed$1.2bn
- 32 NovInternational Seaways, Inc. → Bruton LimitedInternational Seaways completes US$370m Bruton dealTransport / Crude tankersCompleted$370m
- 42 NovWest Yorkshire Combined Authority → FirstGroup plc (West Yorkshire bus depots and fleet)FirstGroup sells West Yorkshire bus depots and fleet for £109mTransport / Bus operationsAgreed$150m
- 53 NovQinhuangdao Port Co., Ltd. → Stakes in four Caofeidian port companies (from Hebei Port Group)Qinhuangdao Port signs deal for parent's Caofeidian port stakesTransport / PortsAgreedUndisclosed