Safran Electrical & Power has acquired Neelogy, a French start-up that has developed a disruptive technology for electrical current sensors that are tailored to the needs of the more electric aircraft, as well as hybrid and totally electric propulsion. Since 2006, Neelogy has been developing and marketing DC and AC current measurement sensors of unrivaled
The Boeing Company has to accept billions in special costs in its balance sheet owing to the 737 MAX crisis. In the second quarter, an additional burden of US$4.9 billion after taxes will be incurred, the company announced on Thursday after the close of the U.S. stock market. The 737 MAX series has been grounded
easyJet has released its financial results for the first financial half to 31 March 2019. Passenger numbers increased by 4.9 million while capacity increased by 14.5% principally due to annualizing of new operations in Berlin. Load factor decreased by 1.0 percentage points to 90.1% mainly as a result of building loads in Berlin in the
United Airlines (UAL) has delivered two straight quarters of solid pre-tax margin growth and the highest second-quarter pre-tax income in the airline’s history. United reported second-quarter net income of US$1.1 billion, pre-tax earnings of US$1.4 billion and pre-tax margin of 11.9%, expanding pre-tax margin 4.0 points versus the second quarter of 2018. Total passenger revenue
Lease Corporation International (LCI) ,a leading helicopter lessor and the aviation division of the Libra Group, has successfully closed a new asset-backed helicopter facility in excess of US$135 million with a syndicate of five banks led by CIT Group Inc. as agent. The new facility, which has been agreed with CIT, National Westminster Bank Plc,
Finnair has released its half-year results from January 1 to June 30, 2019. Revenue increased by 7.8% to €1,466.0 million compared to €1,359.3 for the previous year. Unit revenue (RASK) decreased by 4.3% and Unit revenue at constant currency decreased by 4.4%. Fuel costs increased by €53,0 million (+19.4%) of which the impact of fuel
Farsound Aviation has been acquired by AGIC Capital, a leading European-Asian private equity company focused on industrial and medical technology investments in Europe. Farsound Aviation will now have new resources and capabilities to continue developing and growing its supply chain solutions capability, and with the support of AGIC, exploit further opportunities particularly in Asia. Farsound
Aviation Inventory Resources (AIR) has acquired the assets of AIM Aircraft Spares, the Peachtree City, Georgia based distributor of AIM Altitude products. Concurrent with this acquisition AIM Altitude UK has appointed AIR exclusive distributor for the Americas for all AIM Altitude products. The AIM Aircraft Spares operation will be integrated into AIR’s worldwide headquarters in
Airbus Helicopters has strengthened its footprint in Italy with the acquisition of its distributor and 50-year partner Aersud Elicotteri. Headquartered in the North of Italy, near the city of Verona, Aersud has played a key role in the development of the country’s helicopter market. It has successfully increased Airbus Helicopters’ market share in Italy, particularly
Having announced back in June that China’s Fosun Travel Group, part of Fosun International Ltd. (Fosun), had expressed an interest in acquiring the U.K.’s Thomas Cook Group Plc. (Thomas Cook), the world’s oldest travel agency, it has now been confirmed that Fosun, a drugs-to-insurance conglomerate owned by billionaire entrepreneur Guo Guangchang may consider providing the
