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
Spirit Aviation Holdings, the parent company of Spirit Airlines, has voluntarily entered the Chapter 11 restructuring process in the United States in a move aimed at strengthening its long-term financial position. The company said the decision was taken to establish a more secure foundation for future growth. Chapter 11 is a court-supervised process that enables
AIP Capital (AIP), an alternative investment manager specialising in asset-based finance, and BeYoke Capital, a global aviation specialty investment platform headquartered in Japan, have announced a strategic partnership aimed at creating new investment opportunities for Japanese investors. The collaboration will focus on aircraft and engine investment initiatives using Japanese Operating Lease (JOL), Japanese Operating Lease
Menzies Aviation, an Agility Global company, has completed the US$305 million acquisition of G2 Secure Staff (G2) a major aviation services provider in the United States. The deal strengthens Menzies’ position as the world’s largest aviation services provider, now operating at 350 airports across 65 countries with a workforce of 65,000. It is expected to
General Atomics has announced a CA$20 million (US$14.51), ten-year investment in Fusion Fuel Cycles, Inc. (FFC), a Canadian joint venture formed by Canadian Nuclear Laboratories (CNL) and Kyoto Fusioneering. The partnership will support the development of UNITY-2, a test facility dedicated to advancing the tritium fuel cycle, considered one of the most challenging but vital
Kenya Airways PLC has reported its financial results for the six months ending June 30, 2025, a period defined by considerable operational and financial turbulence. Central to the difficulties was the temporary grounding of three Boeing 787-8 Dreamliner aircraft, amounting to a third of the airline’s wide-body fleet. The grounding, caused by global supply chain
Latvia’s national airline, airBaltic, has wrapped up the attraction of a strategic investor, with Lufthansa Group stepping in alongside a matching co-investment from the Latvian state. All agreements are signed and formalities complete, bringing the total fresh funding to €28 million (US$32.5 million) and cementing a closer industrial link between the two airlines. Next, the
BOC Aviation has released its unaudited financial results for the first six months of 2025, highlighting strong growth in profitability, revenues and fleet expansion. The company posted a net profit after tax (NPAT) of US$342 million, representing a 20% rise in core profits compared with the previous year’s underlying performance. This figure marked a record
TrustFlight, a prominent aviation safety and compliance company, has acquired three specialist firms from Wheels Up. These are Baines Simmons, Kenyon Emergency Services and Redline Assured Security. With this move, TrustFlight becomes the only integrated partner in the industry offering training, regulatory expertise, aviation security, quality assurance and full-spectrum incident support under one umbrella. As
United Airlines Ventures (UAV), the venture capital arm of United Airlines, has revealed an investment in aerospace start-up Astro Mechanica, a company working on adaptive propulsion and advanced airframe concepts that could enable the next generation of supersonic aircraft. These technologies carry near-term potential for applications in national defence, orbital launch, and long-range cargo transportation.
