9 December 2020

Veritas Capital to acquire Northrop Grumman’s federal IT and Mission support business

Financial, Top Stories

Veritas Capital and Northrop Grumman Corporation have announced that Peraton, an affiliate of Veritas Capital, has signed a definitive agreement to acquire Northrop Grumman’s federal IT and mission support services business for US$3.4 billion in cash. The transaction is expected to close in the first half of 2021, subject to regulatory approvals and customary closing […]

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Joby Aviation welcomes new US$75 million investment from Uber as it acquires Uber Elevate

Financial

Joby Aviation, a transportation company developing an all-electric, vertical take-off and landing passenger aircraft, which it intends to operate as early as 2023, has released that Uber Technologies has agreed to invest a further US$75 million in Joby as part of a broader transaction involving the acquisition of Uber Elevate by Joby and an expanded

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BARIG calls for immediate removal of blanket quarantine regulations in air traffic

Other News

The Board of Airline Representatives in Germany (BARIG), the association of international and German airlines operating in Germany, supports the demands of numerous international associations and companies for an immediate termination of the current blanket quarantine regulations in air traffic. In this respect, BARIG refers to the most recent research results of the European Center

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Nasmyth Group expands global reach across East Asia and Canada

People

Nasmyth Group has extended its presence in Japan, China and Canada. With an established trading position in each of the three countries, Nasmyth is ideally placed to invest in the development and expansion of its precision engineering businesses in East Asia (including China and Japan) and Canada. Nasmyth Group has appointed Patrick Carroll, an experienced

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Finnair’s traffic performance still weak in November but strong month for cargo

Traffic

In November, Finnair carried 85,000 passengers, which was 92.2% less than in the corresponding period of 2019, and 15.6% less than in October 2020. The COVID-19 impact, including the exceptionally strict travel restrictions imposed by Finland, still affected all passenger traffic figures. It was visible especially in the North Atlantic figures (no scheduled flights in

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VAS Aero Services acquires four PW4000 engines for tear-down

Uncategorized

VAS Aero Services, a global leader in aviation logistics and aftermarket services, has contracted with Boeing to acquire four Pratt & Whitney PW4000-94 Phase 3 engines for tear-down and distribution of the surplus parts. This deal contributes to additional engine models currently in tear-down by VAS for spare parts re-distribution. The Boeing PW4000-94 Phase 3

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