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Financial

ATL Turbine Services has been repairing and refurbishing gas turbine components for over 30 years

Barnes Aerospace buys Scotland-based ATL Turbine Services

Barnes Aerospace has acquired Scotland-based ATL Turbine Services, expanding its aerospace component repair operations into Europe and establishing its first dedicated component repair and overhaul presence in the region. ATL Turbine Services, based in Dundee, specialises in the refurbishment and repair of hot-section gas turbine components. The acquisition adds repair, assessment, coating and engineering capabilities

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GDHF has signed a €125+ million finance agreement

GDHF secures €125+ million financing for helicopter fleet expansion

GD Helicopter Finance (GDHF) has secured more than €125+ million in financing from the Landesbank Hessen-Thüringen Girozentrale (Helaba) and BayernLB, with support from Bpifrance, to fund the acquisition of new Airbus helicopters in 2026 and 2027. The financing agreements will support the company’s purchase of multiple factory-new Airbus H175 and H160 helicopters. The facility was

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MAG has signed a sale-and-purchase agreement with Airbus for the acquisition of Sepang Aircraft Engineering (SAE) © MAG

Malaysia Aviation Group to acquire Airbus MRO unit SAE

Malaysia Aviation Group (MAG) has signed an agreement with Airbus to acquire Sepang Aircraft Engineering (SAE), an Airbus Group subsidiary, as it seeks to expand its MRO business and increase third-party revenue. The proposed acquisition is part of MAG’s Long-Term Business Plan 3.0 and is aimed at strengthening the group’s engineering capabilities and expanding its

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AAR to buy controlling stake in MRO Holdings

AAR Corp. has agreed to acquire a 65% controlling stake in MRO Holdings at an implied enterprise value of US$4 billion, in a deal that will expand the aviation aftermarket company’s maintenance operations. The transaction values MRO Holdings at 10.7-times its forecast 2026 adjusted EBITDA, including US$75 million in expected annual cost synergies and excluding

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ATSG has agreed to sell Omni Air International to OAI Holdings

ATSG to sell Omni Air as cargo strategy takes flight

Air Transport Services Group (ATSG) released that it has agreed to sell Omni Air International to OAI Holdings, a privately held company led by an aviation-experienced management team, as ATSG sharpens its focus on air cargo and related services. Financial terms of the deal were not disclosed. The transaction is expected to close in the

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Condor is reorganising its shareholder structure

Attestor to take 49% Condor stake

German leisure airline Condor is set to restructure its shareholder base after the early repayment of state aid, with investor Attestor exercising an option to acquire a 49% stake held on behalf of the German government and the state of Hesse. The stake, currently held by SG Luftfahrtgesellschaft, will be transferred to Attestor under an

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Citadel Aviation has agreed to acquire Mach 1 Aviation Group

Citadel Aviation to acquire Mach 1

Citadel Aviation has agreed to acquire Mach 1 Aviation Group (Mach 1), a U.S. Federal Aviation Administration (FAA) Part 145-certified repair station in Savannah, Georgia, expanding its presence on the U.S. East Coast and adding aircraft-on-ground (AOG) support to its services. The deal, which is expected to close by the end of September, is subject

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Aerial view of the research centre in Niskayuna, New York

GE Aerospace to invest US$225m in Niskayuna research centre

GE Aerospace will invest US$225 million to modernise its research centre in Niskayuna, New York, as the aerospace company expands its research capabilities in areas including artificial intelligence, autonomy, robotics and advanced propulsion. The state of New York has committed US$8.4 million in tax credits through Empire State Development, while the Schenectady County Metroplex Development

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Harbour Air will acquire Pacific Coastal Airlines, forming a new regional airline group under Canadian ownership

Harbour Air to buy Pacific Coastal in B.C. airline deal

Canadian regional carrier Harbour Air has agreed to acquire Pacific Coastal Airlines (PCA), bringing the two airlines under common Canadian ownership and creating a new regional airline group, the companies said. The deal will combine Harbour Air’s seaplane network with PCA’s wheeled-aircraft operations, expanding connectivity and access to destinations across British Columbia. Both airlines will

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airBaltic has Initiated Chapter 11 Financial Reorganisation

airBaltic files for Chapter 11

Latvia’s national airline airBaltic said this Monday it and certain subsidiaries had voluntarily filed for Chapter 11 bankruptcy protection in the United States, seeking to restructure its finances while continuing to operate flights as normal. The carrier, which describes itself as the leading airline in the Baltic states, said the proceedings were initiated in the

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