Jet Edge International, the Ohio-based private aviation company, has raised an additional US$75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately US$265 million over the past year. Following the initial US$150 million credit facility announced in June
Heston MRO, an independent MRO organization, has signed a purchase agreement for the acquisition of the Cairns MRO facility from Jet Aviation. Upon completion, the new acquisition will expand Heston MRO capabilities into full heavy maintenance for regional aircraft, as well as state-of-the-art avionic repair shops for a wider range of aircraft types. Established more than 20 years ago and expanded significantly in 2018, the Cairns
Air Lease Corporation has announced the pricing of its public offering of US$750.0 million aggregate principal amount of 2.20% senior unsecured medium-term notes due January 15, 2027 (the 2027 notes) and US$750.0 million aggregate principal amount of 2.875% senior unsecured medium-term notes due January 15, 2032 (the 2032 notes and, together with the 2027 notes,
StandardAero has signed a definitive agreement to purchase boutique asset management company PTS Aviation, a worldwide supplier of serviceable aircraft engines, engine components and engine inventory. Founded in 1995, PTS has more than 150 years of combined aviation management experience and significant expertise buying, leasing and selling engines, modules and used serviceable material (USM). PTS
Caeli Nova, innovating at the intersection of aviation and healthcare, has successfully closed its Series A round of financing. This latest round of investment will allow the breathing technology developer to take greater strides in enhancing its technology and to bring its first products to the market. Cordillera, Caeli Nova’s launch product, is an advanced
Leonardo has completed the acquisition of 25.1% of the shares in HENSOLDT AG (HENSOLDT), a leading German player in the field of sensors for defence and security applications, with an expanding portfolio in sensors, data management and robotics, for a cash consideration of €606 million (£505 million). This transaction is a step forward in helping
Rolls-Royce has completed the sale of its Bergen Engines business to Langley Holdings for an enterprise value of €63 million. The completion of the transaction, which was announced on August 3, 2021, follows the conclusion of work to separate the business from the group. Sale proceeds of €91 million from the transaction, together with €16
After the early repayment of the first loan instalment of €30 million in July 2021, Austrian Airlines repaid another €30 million on December 31, 2021. By the end of 2021 the national carrier has repaid the first €60 million of the state-guaranteed loan worth a total of €300 million. Despite the ongoing pandemic, the airline
Gamit has announced the successful agreement of the merger between AMAC Aerospace Switzerland AG and Gamit Limited UK. For a number of years Gamit and AMAC Aerospace have collaborated on many projects and supported client needs, this announcement complements the great collaboration between the two organisations. Since 1990, Gamit’s primary services are in the field
GA Telesis’ MRO Services Group has achieved a new record year in its financial metrics. As the 2021 fiscal year ends, the company reported sales and earnings above 2019 pre-pandemic levels. The stellar performance resulted from steps taken during 2020 to ensure continued supply of parts, accelerated hiring and retention practices during the pandemic, new
