Greenbriar Equity Group, L.P. (Greenbriar) has announced that funds managed by Greenbriar have acquired West Star Aviation (West Star), a highly regarded provider of maintenance, repair and overhaul (MRO) services for business aviation aircraft, from The Sterling Group (Sterling). Financial details of the private transaction were not disclosed. Founded in 1947, West Star has earned
SMBC Aviation Capital has announced record results for the financial year ended March 31, 2025, posting a pre-tax profit of US$563 million, up 22% year-on-year before exceptional items. Including proceeds from the Russian insurance settlement, which totalled US$630 million during the period, profit before tax reached US$1.2 billion. Core lease rental income rose to US$2
AMAC Aerospace Group has acquired Kreative Engineering Services (KES), a respected and innovative engineering company based in the south of France. The transaction was completed on May 16, 2025, and represents a key step forward in the strategic development of the AMAC Aerospace Group of companies. Founded in 2012 and headquartered in L’Isle-Jourdain (Gers), KES
Mesa Air Group has announced its financial and operational results for the first quarter of fiscal year 2025 (Q1 FY2025). Total operating revenues for Q1 FY2025 were US$103.2 million, a decline of US$15.5 million or 13.1% compared to US$118.8 million in Q1 2024. Contract revenue dropped to US$80.7 million, down by US$20.4 million or 20.2%
The SIA Group has reported a record group revenue of SG$19,540 million for FY2024/25, an increase of SG$527 million (+2.8%) compared to the previous year. This was driven by sustained demand for both air travel and cargo services. SIA and Scoot together carried a record 39.4 million passengers, marking an 8.1% year-on-year increase. However, the
Maverick Aviation Group (Maverick) has announced its acquisition of Maxcraft Avionics, a Canadian provider of avionics installation, repair and design engineering services based in Pitt Meadows, British Columbia. This strategic move significantly strengthens Maverick’s footprint in Western Canada and establishes the combined entity as one of the most capable independent avionics and instrument service providers
Air France-KLM has successfully priced a €500 million issuance of hybrid bonds, offering a fixed annual coupon of 5.75% (yielding 5.875%) until the first reset date. The undated, deeply subordinated hybrid bonds will be rated BB by Fitch and B+ by S&P, qualifying for 50% equity credit from both agencies. Fitch and S&P have reaffirmed
Mitsubishi UFJ Financial Group (MUFG) has closed a US$52.3 million upsize for Viva Aerobus, one of Mexico’s rapidly expanding low-cost carriers. This marks the second increase to the existing senior secured portfolio term loan, bringing the total financing to US$259.2 million. The loan now covers eight aircraft and four engines in total. MUFG served as
AE Industrial Partners (AE Industrial), a private investment firm focused on National Security, Aerospace and Industrial Services, has announced the successful closing of its second aerospace leasing fund, AE Industrial Partners Aerospace Leasing Fund II, LP (Aerospace Leasing Fund II). The fund was oversubscribed, securing total capital commitments of US$418 million, a testament to robust
Delta Air Lines and Korean Air will deepen their respective partnerships with WestJet by acquiring minority equity stakes in the Canadian airline from Onex Partners, a Canadian investment and alternative asset management firm. Affiliated funds and co-investors of the Onex Group are also expected to participate in the sale alongside Onex Partners. These investments build
