AAR Corp. has acquired American Distributors Holding Co., LLC (ADI) for US$146 million in an all-cash transaction funded through its revolving credit facility. The acquisition immediately strengthens AAR’s Parts Supply segment by expanding its distribution activities with additional product lines and a wider network of original equipment manufacturer (OEM) relationships. Founded in 1983, ADI has
Air Canada has provided an early look at its third-quarter 2025 performance, signalling a significant hit from August’s cabin-crew strike and trimming full-year guidance as a result. For the quarter ending September 30, 2025, the airline now anticipates operating income of CA$250–300 million and adjusted EBITDA of CA$950 million–CA$1.0 billion, well below last year’s third-quarter
AAR CORP. has reported robust results for the first quarter of fiscal year 2026, which ended on August 31, 2025. Consolidated sales rose by 12% to US$739.6 million, compared with US$661.7 million in the same period last year. Sales to commercial customers increased by 11%, or US$50.4 million, underpinned by double-digit growth in both aftermarket
Hassana Investment Company (Hassana) and AviLease, a global aircraft lessor and a public investment fund (PIF) company, have formed a strategic partnership to establish a dedicated aircraft leasing joint venture (JV). The initiative highlights the increasing role of Saudi Arabia’s institutional investors in shaping the future of the aviation sector by financing the expansion of
SkyWest Inc., has disclosed that it has entered into a strategic agreement as an equity investor in Maeve Aerospace, reaffirming its commitment to advancing modern and cost-effective regional aviation solutions. “SkyWest is committed to leading our industry forward, and we’re pleased to invest in Maeve as the leading edge of technological, sustainable advancements for regional
Avelo Airlines has announced the finalisation of a new funding round, marking a turning point in its trajectory. This is the largest capital injection since its initial Series A and is intended to support the airline’s expansion in domestic and Caribbean markets. The investment, provided by a new strategic partner, underscores confidence in the company’s
CSI Leasing, Inc. (CSI), an independent equipment leasing company, has announced the acquisition of a majority stake in Aeroservicios, a provider of ground support equipment (GSE) for nearly 30 years. Based in Miami, Aeroservicios specialises in reconditioning and overhauling used GSE to a near-new standard, as well as selling, hiring and leasing a wide range
Sumitomo Corporation, SMBC Aviation Capital, Apollo, and Brookfield have announced their definitive agreement to acquire Air Lease Corporation (Air Lease), a aircraft lessor founded by Steven F. Udvar-Házy and John L. Plueger, with a portfolio primarily comprising new-technology aircraft. Upon completion, Air Lease will be renamed Sumisho Air Lease, a newly established entity. Apollo and
Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide, and Bain Capital, have announced the closing of Titan Aircraft Investments II (TAI 2), a new freighter aircraft investment platform. TAI 2 launches with a capital commitment of US$410 million from Bain Capital and Atlas, further scaling the firms’ joint venture platform, which is focused on
Landing Gear Technologies (LGT), has announced the sale of a majority stake in the company to Setna iO, an established aircraft parts supplier headquartered in Chicago. The strategic transaction is intended to accelerate LGT’s growth whilst safeguarding its core values and operational excellence. Under the new structure, Raul and Ibis Cruz-Alvarez together with Roly Estrada
