STS Aviation Group (STS) has acquired Airbase Services / Les Services Airbase (Airbase), an aircraft interiors maintenance, repair and management specialist based out of Montreal, Quebec, Canada. With this acquisition, STS formally enters the Canadian MRO market as Airbase has four Transport Canada-approved facilities in YUL, YYZ, YWG and YVR. The sale is being publicized
As a the result of a long-running spat between IndiGo’s co-founders, Rakesh Gangwal and Rahul Batia, parent company Interglobe Aviation has called an extraordinary general meeting for January 29 to give consideration to a proposal by Rakesh Ganwal who, with the Chinkerpoo family trust and Shobha Gangwal, holds a 37% stake in the company through
Titan Aviation Holdings – a subsidiary of Atlas Air Worldwide Holdings – and Bain Capital Credit have entered into an agreement to form a joint venture to develop a diversified freighter aircraft leasing portfolio with an anticipated value of approximately US$1 billion. The long-term joint venture aims to capitalize on demand for cargo aircraft, underpinned
Delta Air Lines has successfully completed its previously announced tender offer and has acquired a 20% equity stake in LATAM Airlines Group S.A for approximately US$1.9 billion., an important milestone toward bringing together the leading airlines in North and South America. This investment continues Delta’s strategy of making equity investments in key airline partners around
Latécoère and Bombardier announced that the companies have entered into a definitive agreement, whereby Latécoère will acquire Bombardier’s electrical wiring interconnection system (EWIS) assets in Querétaro, Mexico. The two companies also concluded a long-term supply agreement that will see Latécoère supply Bombardier with electrical wiring interconnection systems. Approximately 700 skilled employees are dedicated to the manufacture
Dubai Aerospace Enterprise (DAE) has repurchased outstanding common shares worth US$450 million. DAE also announced that it had received US$450 million in connection with the early partial repayment of a Note Receivable from certain shareholders. DAE Capital has an owned, managed, and committed to own and manage fleet of approximately 410 Airbus, ATR and Boeing
HEICO Corporation has reported that net income increased 27% to US$85.7 million in the fourth quarter of fiscal 2019, up from US$67.4 million in the fourth quarter of fiscal 2018. In the fiscal year ended October 31, 2019, net income increased 26% to US$327.9 million, up from US$259.2 million in the fiscal year ended October
Monocle Acquisition, a public investment vehicle, and AerSale®, a leading integrated, global provider of aviation aftermarket products and services, have entered into a definitive agreement to merge in a transaction with an implied enterprise value of approximately US$430 million, equating to approximately 6.3x AerSale’s forecasted 2020 Adjusted EBITDA. The combined company, which will be named
Southwest Airlines (Southwest) has confirmed that it has reached a confidential agreement with The Boeing Company for partial settlement of an ongoing claim for damages the American carrier has suffered as a consequence of the grounding of the 737 MAX in March. Southwest has also confirmed its Board of Directors has authorized a discretionary, incremental
Apollo Global Management, Athene Holding and GE Capital, the financial services arm of GE have closed their previously announced transaction for Apollo and Athene to purchase PK AirFinance, an aviation lending business, from GECAS, GE Capital’s Aviation Services unit. In connection with this transaction, Apollo has acquired the PK AirFinance aircraft lending platform and Athene
