Assaia, a provider of artificial intelligence and computer-vision technology for airport operations, said United Airlines Ventures (UAV), the venture capital arm of United Airlines, has invested in the company. The investment, made earlier this year, will support further development of Assaia’s StandManager product, which is designed to help airlines and airports make stand and gate
Avianca has secured up to US$300 million in financing to support MRO services for its CFM56 engines at GE Aerospace’s Celma facility in Brazil. The agreement, announced by Avianca, GE Aerospace and the Brazilian Agency for Management of Guarantee Funds and Guarantees (ABGF), was arranged through Citibank and backed by export credit insurance provided by
GE Aerospace has agreed to acquire Consolidated Precision Products (CPP), a major manufacturer of highly engineered castings, from private investment firms Warburg Pincus and Berkshire Partners. Headquartered in Cleveland, Ohio, CPP supplies precision castings and sub-assemblies primarily to the commercial aerospace and defence sectors. Founded in 1991, the company is one of the world’s largest
Ontic has acquired SIRS Navigation, a Kent, UK-based specialist in the design and manufacture of precision standby magnetic compasses for the global aviation industry. SIRS Navigation has been designing, manufacturing and supporting aviation magnetic compasses for more than 60 years. Its products are installed across major commercial and business aviation platforms, including fixed-wing aircraft and
Swissport and flynas have signed a long-term strategic partnership that will see the two companies deepen their commercial relationship in Saudi Arabia. Under the five-year agreement, Swissport Saudi Arabia will become flynas’ exclusive ground-handling partner across the airline’s entire network in the Kingdom. As part of the deal, flynas will acquire a 10% stake in
Nayak Aircraft Services has acquired a controlling stake in Portugal’s LAS Group, which comprises LAS Maintenance, LAS Training and SLOT-Human Resources. Founder João Louro will retain a shareholding and continue to lead LAS Maintenance as Chief Executive Officer. The acquisition expands Nayak’s European network and strengthens its ability to provide high-quality, customer-focused aviation services. The
Veryon, a provider of aviation software solutions, has acquired Polaris Aero, a company specialising in aviation safety management software. Founded in 2007, the company provides safety management solutions to aircraft operators and maintenance, repair and overhaul (MRO) providers worldwide. The acquisition adds more than 200 customers to Veryon’s portfolio and strengthens its position in the
La Caisse, formerly CDPQ, and SMBC Aviation Capital have announced the expansion of Maple Aircraft Company Holdings (MACH), their joint aircraft financing and leasing platform. Following the early deployment of its initial US$1.5 billion commitment, the platform will double in size to US$3 billion and operate until December 2029. The expansion will increase its capacity
Bombardier and Mitsubishi Heavy Industries (MHI) have agreed that Bombardier will acquire the assets of MHI Canada Aerospace (MHICA) in Mississauga, Ontario. Subject to regulatory approval and customary closing conditions, the transaction is expected to be completed later this year. Through the acquisition, Bombardier will add MHICA’s aerostructure manufacturing expertise and approximately 750 employees to
VSE Corporation (VSE) has disclosed the acquisition of Atech Turbine Components (Atech), a specialist maintenance, repair and overhaul (MRO) provider focused on complex hot-section components for aircraft turbine engines. Founded in 1990 and based in Auburn, Massachusetts, Atech specialises in proprietary engine component repairs, primarily for Pratt & Whitney Canada platforms. Its approvals cover more
