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The Company reported sales of US$893m in the quarter compared with US$828m in the corresponding quarter of last year (a 7.9% increase) and a net loss of US$94m. The loss arises from a provision of US$162m for early retirement expenses for about 800 employees in the context of the growth agreement signed with the employee […]

Global aeronautical communications provider Satcom Direct (SD) has closed its purchase of TrueNorth Avionics, a manufacturer of cabin communications solutions. With the acquisition of TrueNorth complete, SD significantly expands its ability to provide advanced communications systems for VIP and VVIP aircraft. Ottawa, Canada-based TrueNorth Avionics designs, develops and manufactures satellite communications solutions for aircraft operators

Business aviation company Deer Jet has concluded the acquisition of major shares of UAS International Trip Support (UAS). Deer Jet has become the major shareholder of the global flight support solutions provider. The agreement was completed ahead of MEBAA Show 2016 on Monday, December 5 by UAS’ existing shareholders and Deer Jet Chairman and President

airberlin announced the sale of its share in NIKI to Etihad for a total consideration of €300m. The divestment marks an important milestone in the implementation of the company’s restructuring plan announced in September. The transaction is subject to regulatory approvals. Etihad will not majority own or effectively control NIKI. Stefan Pichler, CEO of airberlin: