Bombardier, the Canadian plane and train maker, has signed a definitive agreement to buy Triumph Group Inc.’s Global 7500 wing program in a bid to strengthen its position as a leading aerostructures manufacturer, while also securing the production ramp-up and long-term success of the company’s flagship business jet. The wing program will be incorporated into
Safran has acquired an equity interest in OXIS Energy through its Safran Corporate Ventures subsidiary, which invests in disruptive technology businesses. OXIS Energy, a leader in lithium-sulfur cell technology for high energy density battery systems, has already been granted 173 patents with 96 pending. Benefiting from more than 15 years of R&D in the field
United Technologies Corp. has reported fourth quarter and full year 2018 results above expectations and announced an outlook for continued sales, earnings and free cash flow growth in 2019. Full year sales of US$66.5 billion were up 11% over the prior year, including 8 points of organic sales growth, 1 point of net acquisitions impact and
Finalizing their third technology-related investment within a year and after investing in Fleet Logistics and cargo.one. startups, Lufthansa Group and the Lufthansa Innovation Hub have now invested heavily in a research alliance with Hopper which will be focussed on the subject of artificial intelligence. The two companies are looking to establish a long-term collaboration involving
easyJet has delivered a good performance in the quarter with robust customer demand driving passenger and ancillary revenue which is in line with expectations. Underlying revenue per seat was positive, including good ancillary revenue growth. This was offset, as expected, by the impact from last year’s one-off revenue benefits, the dilutive impact of flying at
Dassault Aviation has announced from its Saint-Cloud base in France that it has signed a binding agreement with Luxaviation to acquire the worldwide maintenance activities of its subsidiary, Execujet, this year, subject to obtaining the necessary administrative authorizations. “The acquisition of ExecuJet’s MRO (Maintenance, Repair & Overhaul) operations will strengthen Dassault Aviation’s global footprint, especially
Germania Fluggesellschaft has found a solution to cover its short-time liquidity needs. Karsten Balke, CEO of Germania Fluggesellschaft said on January 19: “With regard to our financing efforts, we have received an important commitment. In total, the financial support now exceeds the initial target amount of €15 million. We should receive the funds in the
On the tenth anniversary of its founding, WNG Capital, an independently owned, specialist operating lessor dedicated to investing in used commercial aircraft manufactured by Airbus and Boeing, has announced the closing of WNG Aircraft Opportunities Fund II. WNG targeted a US$300 million fund raise to invest in late life narrow body aircraft and is oversubscribed
Aireon has signed a credit facility agreement for US$200 million with a group of several independent investor funds, led by Deutsche Bank. This credit facility provides Aireon with the resources to fund various company initiatives and to continue to pay Iridium for the costs related to the integration, launch and hosting of the AireonSM payload
TurbineAero, a portfolio company of The Gores Group, has acquired the APU piece part repair product line (RPL) from Triumph Aviation Services Asia. The acquisition of this business segment integrates APU piece part repair into the APU Systems MRO in TurbineAero’s Asia facility which increases in-house capabilities, improves turn-times and assures extra cost reduction. Effective
