Financial

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

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

Baltic Ground Services CZ, a daughter company of Baltic Ground Services (BGS), the international provider of ground handling, aircraft fueling and passenger services, belonging Avia Solutions Group, has signed an operational financing contract worth €1.2 million, with Raiffeisen Bank group. Baltic Ground Services CZ currently operates in Ostrava airport where it provides plane fueling service.

CAE has entered into a strategic partnership with Directional Aviation Capital (DAC). As part of this transaction, CAE will form a joint venture with DAC’s affiliate, Volo Sicuro and acquire a 50% stake in SIMCOM Holdings for approximately US$85 million. In addition, DAC’s affiliated business aircraft operators, which include Flexjet, Flight Options, Flairjet, Sirio, Nextant