17 May 2012

Pinnacle Airlines Debtor-In-Possession financing approved

Pinnacle Airlines Corp. has received final approval from the United States Bankruptcy Court for the Southern District of New York for $74.3m in debtor-in-possession (DIP) financing. The funding is being provided by Delta Air Lines. As previously announced, $44.3m of the DIP financing will be used by Pinnacle to repay a secured promissory note held […]

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CAE acquires Oxford Aviation Academy for C$314m

CAE has acquired Oxford Aviation Academy (OAA), an industry-leading provider of aviation training and crew sourcing services for C$314m. This acquisition strengthens CAE’s leadership and global reach in civil aviation training by increasing its training centre footprint, growing its Ab-Initio flight training network and extending its portfolio by adding OAA’s Parc Aviation, a global leader

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