NR Investments, has recently acquired the controlling interest in the operation of Chisinau International Airport. On September 17, NRI reiterated its commitment to direct a significant percentage of this year’s pledged funding towards a new runway and to further enhance its modern terminal to create a world-class airport. Concession holder Avia Invest needs to fund
With the Brexit fiasco primarily responsible for a weak pound, U.S. private equity firm Advent International has taken advantage of the situation and snapped up Cobham, the U.K. firm renowned for its pioneering work on air-to-air refueling, for US$5 billion. The price agreed was at a premium of 50% of the average monthly share price
Locatory.com, part of the Avia Solutions Group and an aviation IT company primarily acting as an aircraft parts locator, has invested in a new business. The company is spreading its services portfolio and has started the global leasing of aircraft engine stands. It is planned that in the five upcoming years Locatory.com will invest over
Valsoft Corporation (Valsoft), a Montreal-based company specializing in the acquisition and development of vertical market software businesses, has acquired Communications Software (Airline Systems) Limited (Commsoft OASES), a leader in the aviation engineering and maintenance software market, based in Tiptree, U.K. Founded as a software house in 1971, Communications Software (Airline Systems) Limited won its first
The share price for Air France-KLM fell sharply on Monday September 10, after it became apparent it was bidding for the now defunct Aigle Azur which filed for bankruptcy protection on September 2. At the close of trading on Monday, the share price had fallen by 9.8%. While Air France confirmed it had placed a
StandardAero has acquired Safe Aviation Solutions (including Safe Fuel, Accel and B&E ACR), formerly the MRO services subsidiary of the B&E Group, which will continue to expand StandardAero’s Components, Helicopters & Accessories (CH&A) division and its portfolio of MRO and component repair services. Terms of the transaction were not disclosed. Houlihan Lokey acted as exclusive
Safran S.A., the French multinational aircraft engine, rocket engine, aerospace component and defense company, has reported better-than-expected results for the first six months of 2019. Commenting on the results, Safran CEO Philippe Petitcolin said: “H1 results have confirmed the trajectory of vigorous growth observed in Q1, with very strong revenue and profitability increase trending above
Global aerospace and defence industry expert Pattonair has expanded its portfolio with the acquisition of aircraft spares company Adams Aviation. The agreement is the second move in the aerospace industry in the space of a month by Pattonair, the Derby-based provider of innovative supply chain solutions to the global aerospace market. It follows the company’s
Global investment firm Permira has released that a company backed by the Permira Funds will acquire the majority of the shares of Topcast Aviation Supplies Company Limited and its affiliates, the largest independent aircraft parts distributor in the Asia Pacific region, from its founders. The founders and current management team, including Managing Director Thomas Hung
Aigle Azur (Blue Eagle), France’s second-largest airline, is set to file for bankruptcy protection next Monday after struggling, and failing, to run profitably for many years. The move follows on from last week’s ‘coup’ which removed Frantz Yvelin form the carrier’s helm as chief executive. Shareholders have accused him of making “strategic mistakes over the
