Onex Partners and WestJet have finalised the sale of minority equity stakes in the Canadian carrier to Delta Air Lines, Korean Air, and Air France-KLM. The sale marks a new chapter in WestJet’s international partnerships while keeping control with Onex Partners, the private equity platform of Onex Corporation. The transaction, first announced on May 9, […]
Global airline giants take minority stakes in WestJet Read More »
Hanwha Aerospace (Hanwha) has signed a new agreement with GE Aerospace to purchase more T700 and F404 engine kits. These engines will power Korea Aerospace Industries’ Surion helicopter and the T-50, TA-50, and FA-50 Golden Eagle jet trainers and light attack aircraft. Under the deal, Hanwha will receive 88 T700 kits and 40 F404 kits.
Hanwha Aerospace orders more GE engines for military aircraft Read More »
Airbus’ 2025 Cargo Global Market Forecast (GMF) projects the worldwide fleet of dedicated freighter aircraft will grow to 3,420 over the next 20 years, a 45% increase. This total will include 815 existing freighters and 2,605 additional ones. Of the 2,605 new freighters, 1,530 will replace older aircraft, while 1,075 will support fleet growth. These
Airbus forecasts 45% growth in global freighter fleet by 2044 Read More »
Aircraft Propeller Service (APS) has completed its first overhaul of Collins Aerospace 568F propeller blades at its new MRO facility in Malaysia. It marks the first time this propeller type has been serviced within the region. Until now, all Collins 568F propellers had to be shipped to North America or Europe for overhaul. With APS’s
APS launches first Collins 568F propeller overhaul in Asia Read More »
Airbus, Leonardo and Thales have signed a memorandum of understanding to merge their space activities into a single company. By joining forces, the three giants aim to bolster Europe’s strategic autonomy in space. This vital sector supports telecommunications, navigation, earth observation, science, exploration and national security. The new venture will also act as a trusted
Airbus, Leonardo and Thales unite to forge a new European space power Read More »
Jamco Corporation (Jamco), a Bain Capital portfolio company and Japan’s top manufacturer of aircraft cabin interiors, has announced the acquisition of Aerospace Technologies Group (ATG) by Bain Capital. The global investment firm manages assets worth around US$185 billion. Founded in 1998, ATG is a developer and supplier of window shade systems for both private and
Bain Capital acquires Aerospace Technologies Group (ATG) Read More »
Ashland Place Finance (Ashland Place) has completed its third and fourth aircraft financing facilities with affiliates of Fortress Investment Group and GOAL Aircraft Leasing. The deals involve the sale and leaseback of two new Embraer E195-E2 jets, delivered directly from Embraer and leased to Canada’s Porter Airlines. These latest transactions follow two similar financings announced
Ashland Place builds momentum with Fortress and GOAL on fourth aircraft deal Read More »
Lockheed Martin has reported a robust third quarter for 2025, with sales reaching US$18.6 billion, up from US$17.1 billion a year earlier. Net earnings remained steady at US$1.6 billion, or US$6.95 per share, slightly higher than the US$6.80 per share recorded in the same period of 2024. Cash from operations rose sharply to US$3.7 billion,
Lockheed Martin’s US$179 billion backlog powers new phase of growth Read More »
Embraer has begun construction on a new MRO facility for commercial jets at Perot Field Alliance Airport in Fort Worth. The ground-breaking ceremony gathered local leaders, Embraer executives, and partner representatives to celebrate this major step forward. The new hangar, designed with the latest technology, is due to open in 2027. Once operational, it will
Embraer breaks ground on new Fort Worth MRO facility Read More »
At a ceremony in Washington, Bell Textron signed key agreements with Ukraine’s Ministry of Economy, Ecology, and Agriculture, and UkraineInvest. The deal aims to explore industrial cooperation as part of a possible purchase of AH-1Z Viper and UH-1Y Venom helicopters. Under a Foreign Military Sale (FMS) programme, Bell would work with the U.S. Government to
Bell Textron and Ukraine advance plans for combat helicopter partnership Read More »
