ET 10:05

Polyrizon to Acquire 51% Stake in Airside Aviation (ASID)

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M&A

Polyrizon (NASDAQ: PLYR) announced on February 04, 2026, its intent to acquire a 51% majority stake in Airside Aviation (ASID), a global provider of private and corporate aviation services. The transaction, valued at approximately $120 million, is expected to close in Q2 2026, pending regulatory approvals. The acquisition aims to expand PLYR's footprint in the premium aviation segment, leveraging Airside's established network and customer base. Financial terms and exact closing date remain subject to negotiation and regulatory review.

EditorWong Mei Ling