Financial

Aernnova has completed the acquisition of Structural Integrity Engineering (SIE), an aircraft engineering company headquartered in Chatsworth (California) with regional offices in Seattle (Washington) and Madrid (Spain). With this acquisition, Aernnova reinforces its growth strategy in North America and adds engineering and certification expertise that complements its aeronautical engineering division and DOA services.  Dr. Matt

Singapore Technologies Engineering (ST Engineering), the Singapore-based engineering group operating in the aerospace, electronics, land systems and marine sectors, has agreed to buy Newtec Group NV (Newtec) the Belgium-based satellite communications company (satcom) for US$383 million. With the acquisition of Newtec, the group will be able to add intellectual property, products and market access, meeting

SIA Engineering Company (SIAEC) has entered into a joint venture agreement with NokScoot Airlines Co. (NokScoot), to form a line maintenance joint venture based in Thailand. Under the agreement, NokScoot will hold an equity stake of 51% in the joint venture, with SIAEC taking the remaining 49% stake. The agreement is subject to the receipt

Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the year ended December 31, 2018. IAI has recorded an annual increase of US$2.3 billion in order backlog, reaching a record scope of approximately US$13.5 billion at the end of 2018. The Company reported sales

TransDigm Group Incorporate has successfully completed the acquisition of Esterline Technologies Corporation, a supplier of products to the global aerospace and defense industry. Under the terms of the merger agreement, Esterline shareholders will receive US$122.50 per share in cash, without interest.  The transaction is valued at approximately US$4.0 billion in total consideration, including the assumption

Nordic Aviation Capital (NAC) has successfully completed its third Senior Unsecured Private Placement issuance. The issuance was launched at US$250 million and was substantially oversubscribed allowing NAC to source a total of US$786.25 million. The new transaction consists of five and seven year tranches, with the proceeds being used to refinance aircraft within NAC’s portfolio.