Lufthansa Group and the Portuguese government have signed the agreement for the German airline group to acquire an initial 44.9% stake in TAP Air Portugal (TAP) for €1.025 billion, marking a major milestone in the airline’s privatisation. The agreement was signed at Lisbon’s Humberto Delgado Airport. Completion of the transaction remains subject to regulatory approval,
Aviation aftermarket specialist AvAir has secured US$170 million in new revolving credit facilities from a group of six financial institutions to support its growth strategy. The financing was provided by HSBC Bank USA, Crédit Agricole Corporate and Investment Bank, First Citizens Bank, Western Alliance Bank, Flagstar Bank and Sunflower Bank. The additional borrowing capacity will
Willis Lease Finance Corporation (WLFC) reported third-quarter revenue of US$246.3 million for the three months ended September 30, 2026, an increase of 34.3% compared with the same period last year. Lease rent revenue reached a quarterly record, rising 10.2% to US$84.4 million. Maintenance services revenue increased by 208.5% to US$11.2 million, while management and advisory
ORIX Aviation Systems has completed its acquisition of UK-based aviation aftermarket specialist AerFin Limited following receipt of regulatory approvals and satisfaction of all customary closing conditions. The acquisition marks a significant step in ORIX Aviation’s growth strategy, extending its business into aviation aftermarket services and adding expertise in used serviceable material (USM), airframe and engine
Iberia has agreed to sell a minority stake in IAG Engine Tech (IET), a company established in 2026 to specialise in aircraft engine maintenance within International Airlines Group (IAG), to Japanese trading and investment group ITOCHU Corporation. IAG will retain a majority stake in IET through Iberia, the companies said. ITOCHU’s investment builds on its
IFS, a provider of industrial artificial intelligence (AI) software, reported annual recurring revenue (ARR) of more than €1.3 billion (US$1.46 billion) at the end of the third quarter of 2026, up 24% year on year. Bookings for its Industrial AI products in the first nine months of 2026 were already more than three times the
SITA has agreed to acquire Flightscape, CAE Inc.’s airline operations software business, in a move aimed at helping airlines improve operational decision-making and manage disruption more effectively. Flightscape’s software helps airlines plan flights, manage crews, oversee operations, coordinate ground activities and deliver in-flight services. Its systems are used by more than 90 airlines to manage
Boeing reported third-quarter revenue of US$24.2 billion, primarily reflecting higher volumes in its defence and services businesses and a less favourable mix of commercial aircraft deliveries. The US planemaker reported a GAAP loss per share of US$0.26 and a core loss per share, excluding certain items, of US$0.34. Operating cash flow was US$1.5 billion, while
AAR Corp. has increased its revolving credit facility by US$550 million to US$1.375 billion and extended its maturity by nearly four years to October 2031, strengthening its financing capacity as it pursues growth. The amended unsecured facility will help finance the previously announced pending acquisition of a controlling interest in MRO Holdings. The previous facility
Heston Materials has secured an initial US$20m revolving credit facility from volofin Capital Management to finance aviation asset acquisitions and expand its capabilities across the aviation aftermarket. The facility will provide additional funding capacity to support portfolio growth and the company’s broader expansion plans. “Securing this financing is an important milestone for Heston Materials,” said
