29 August 2019

NR Investments closes Chisinau International Airport purchase

On August 28, NR Investments, the Guernsey, Channel Islands investment vehicle, completed its purchase of Komaksavia Airport Invest, the Cyprus-incorporated owner of a 95% shareholding in Moldovan company, Avia Inves, the concession company of Moldova’s Chisinau International airport. This marks a significant next step in the airport’s development under a public-private concession agreement. The culmination …

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thyssenkrupp Materials Services expands use of digital platform toii

In 2017, thyssenkrupp Materials Services began to digitally connect its machinery network, using their self-developed IIoT platform toii. Now that the product has successfully proven its value, thyssenkrupp plans to make the potential of digital networking available to other industrial companies in the future. “From the beginning, we built toii not as a project, but …

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Skyways Technics Asia branch obtains CAAM Approved Maintenance Organization certificate

Skyways Technics Asia branch has obtained CAAM (Civil Aviation Authority of Malaysia) approval to become an Approved Maintenance Organization. This new certification will enable its ATR-focused composite and leading edges repair shop activities to be in full compliance with Malaysian operator’s quality requirements, and this also constitutes the first step towards other foreign approvals to …

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TBD to deliver towable passenger stairs to Silk Way Ground Handling branch

TBD, the British manufacturer renowned for professionally engineered ground support equipment and specialist access solutions for the global aviation industry, has delivered eighteen sets of towable passenger stairs to the Ground Handling branch of Silk Way Airlines in Azerbaijan. The total order, worth over £500,000 (US$660,000), was focused on a general upgrade for Heydar Aliyev …

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Apollo and Athene to acquire PK AirFinance from GECAS

Apollo Global Management (together with its consolidated subsidiaries, “Apollo”), Athene Holding and GE Capital, the financial services arm of GE, have entered into a definitive agreement for Apollo and Athene to purchase PK AirFinance, an aviation lending business, from GE Capital’s Aviation Services (GECAS) unit. In connection with this transaction, Apollo will acquire the PK …

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Thomas Cook secures bailout from Fosun, banks and bondholders

Thomas cook has announced a comprehensive restructuring deal that will save the struggling travel agent and airline operator. China’s Fosun Tourism will acquire a 75% stake in the Group Tour Operator and a 25% stake in the Group Airline, which includes German carrier Condor along with U.K., Spanish and Scandinavian operations, for £450 million. Additionally, …

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