AAR Corp. has agreed to acquire a 65% controlling stake in MRO Holdings at an implied enterprise value of US$4 billion, in a deal that will expand the aviation aftermarket company’s maintenance operations. The transaction values MRO Holdings at 10.7 times its forecast 2026 adjusted EBITDA, including US$75 million in expected annual cost synergies and […]
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International Airlines Group (IAG) has selected OpenAirlines’ SkyBreathe fuel-efficiency platform for use across its five airlines, covering more than 600 aircraft, the companies said. The platform, which analyses operational data to identify ways to reduce fuel consumption, is being deployed at Aer Lingus, British Airways, Iberia, LEVEL and Vueling as airlines face continued pressure from
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Air Transport Services Group (ATSG) released that it has agreed to sell Omni Air International to OAI Holdings, a privately held company led by an aviation-experienced management team, as ATSG sharpens its focus on air cargo and related services. Financial terms of the deal were not disclosed. The transaction is expected to close in the
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Avolon and Lesha Bank have agreed to the sale and purchase of a portfolio of 33 aircraft leased to 25 airlines worldwide, the aviation finance companies said. The transaction marks an expansion of the relationship between Avolon and Lesha Bank and highlights continued institutional investor demand for leased aircraft and other aviation assets. Following completion,
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StandardAero has appointed Paul McElhinney Chief Executive Officer, succeeding Russell Ford, who will remain executive chairman of the board through year-end. McElhinney brings more than three decades of aerospace and industrial leadership experience to the role, including senior positions at GE Aviation Services and GE Power Services. He has also served on StandardAero’s board since
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The U.S. Federal Aviation Administration (FAA) is holding off on certifying Boeing’s 737 MAX 10 until the planemaker resolves a newly disclosed software issue, adding another hurdle to the long-delayed jet’s entry into service, Reuters reported. FAA Administrator Bryan Bedford said Monday that regulators would delay certification of the MAX 10 until they are satisfied
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