January 4, 2022

Airbus launches new subsidiary, Airbus Atlantic, for aerostructure assembly

Subsequent to the company’s announcement in April 2021, Airbus has established a new player in the global aerostructures field – Airbus Atlantic. This Airbus subsidiary will gather together the company’s strengths, resources and skills that exist in its sites at Nantes and Montoir-de-Bretagne, France, together with the central functions associated with the two sites’ activities …

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Leonardo completes acquisition of 25.1% in HENSOLDT

Financial

Leonardo has completed the acquisition of 25.1% of the shares in HENSOLDT AG (HENSOLDT), a leading German player in the field of sensors for defence and security applications, with an expanding portfolio in sensors, data management and robotics, for a cash consideration of €606 million (£505 million). This transaction is a step forward in helping …

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TAM announces SAAB 2000 cargo conversion programme

MRO & Production

Täby Air Maintenance (TAM) is currently finalizing a new project by converting the high-speed turboprop Saab 2000 regional airliner into cargo configuration. The conversion project is spearheaded in close collaboration with launch customer Jetstream Aviation Capital, Miami, Fl. Currently, the design work, led by TAM’s Design Organisation and associated parts production is being managed at …

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Bill Polyi, Magellan Aviation Group President and CEO, to retire

People

Bill Polyi, Magellan Aviation Group President and CEO has announced that he will retire as of January 7, 2022. Company Chairman, Michimoto “Mitch” Asano will be taking over as Interim President and CEO upon Polyi’s departure to ensure Magellan Aviation Group’s commitment to its customers and partners continues to be of utmost priority. With roots dating back …

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Rolls-Royce completes sale of Bergen Engines

Financial

Rolls-Royce has completed the sale of its Bergen Engines business to Langley Holdings for an enterprise value of €63 million. The completion of the transaction, which was announced on August 3, 2021, follows the conclusion of work to separate the business from the group. Sale proceeds of €91 million from the transaction, together with €16 …

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VINCI Airports takes over operations at Annecy Mont-Blanc airport

Airports

After signing a public service concession agreement with the Haute-Savoie department last July, VINCI Airports has taken over operations at Annecy Mont-Blanc airport as of January 1. VINCI Airports will now manage and operate the airport for 15 years, bringing its network of French airports up to 12. VINCI Airports will support business aviation and leisure …

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Delta TechOps MRO reaches new milestone with first Rolls-Royce Trent 1000 TEN engine service

MRO & Production

Delta TechOps achieved a major milestone by completing the first shop visit and test of a Rolls-Royce Trent 1000 TEN engine at its state-of-the-art Technical Operations Center in Atlanta. As a powerplant option for Boeing 787 aircraft operators, the test marks the first production of this model through Delta TechOps’ maintenance facility. During the shop …

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