21 June 2024

Honeywell has agreed to acquire CAES Systems Holdings for approximately US$1.9 billion in an all-cash transaction © Honeywell

Honeywell to acquire CAES Systems Holdings for US$1.9 billion

Financial

Honeywell has agreed to acquire CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately US$1.9 billion in an all-cash transaction. This represents approximately 14-times the estimated 2024 EBITDA on a tax-adjusted basis. This acquisition will enhance Honeywell’s defence technology solutions across land, sea, air, and space, including new electromagnetic defence solutions […]

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SITA enters operations as a service market with ASISTIM acquisition

Financial

SITA has taken a significant step into the operations as a service market by acquiring ASISTIM, a company renowned for its airline flight operations services. This move highlights SITA’s ongoing pursuit of innovative solutions to help airlines tackle challenges and stay ahead, enhancing air travel for everyone. This acquisition strengthens SITA’s position as a top

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Chris Celtruda

Chris Celtruda takes over as President and CEO of Chromalloy

People

Chromalloy Corporation (Chromalloy), an independent provider of critical, high-value components for aircraft engines and gas turbines, has appointed Chris Celtruda as President and Chief Executive Officer (CEO), succeeding Brian Costa, who has elected to retire after more than seven years of service to the company. “I am honoured to serve as President and CEO of

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AerFin

AerFin signs ten-year lease for new headquarters at St. Modwen Park, Newport

MRO & Production

AerFin has signed a ten-year lease agreement with St. Modwen Logistics, one of the UK’s leading logistics developers and managers, for a new 115,000 ft² facility at St. Modwen Park, Newport, which will serve as the company’s global headquarters from the end of 2024. The facility offers custom-built space for enhanced aviation aftermarket services activities,

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Joby has received FAA authorisation to use a suite of software tools developed in-house, called ‘ElevateOS’ © Joby Aviation

Joby receives FAA authorisation for air taxi operating system

Information Technology

Joby Aviation, developing electric air taxis for commercial passenger service, has received Federal Aviation Administration (FAA) authorisation to use a suite of software tools developed in-house, called ‘ElevateOS’, designed to enable high-tempo, on-demand air taxi operations. The ElevateOS operating system includes pilot tools, operations and schedule management software, a mobile-first rider app and an intelligent

Joby receives FAA authorisation for air taxi operating system Read More »

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