Delta Air Lines (Delta) stock fell 3.4% after the American carrier announced that Hurricane Florence caused a US$30 million loss in business and that it was now paying more for fuel. Delta was forced to cancel 275 flights in September, mainly in the Carolinas, and that to date it had still not completed dealing with
The Danish-Latvian low-cost carrier (LCC) Primera Air Scandinavia, flying as Primera Air (Primera) and its subsidiary Primera Air Nordic, has ceased all operations with immediate effect, as of midnight October 1 leaving up to 5,000 passengers stranded at various destinations in Europe and North America. The reasons given in a statement issued were “several unforeseen
Air Transport Services Group (ATSG) has agreed to acquire Omni Air International, a passenger ACMI and charter services provider with significant experience serving U.S. and allied foreign governments and commercial customers, for US$845 million, subject to customary adjustments. The company did not assume any debt in connection with the acquisition. Omni Air is a leading
AeroCentury, an independent aircraft leasing company, has completed the acquisition of JetFleet Holding Corp. (JHC). JHC is the parent of JetFleet Management Corp., which has managed the Company’s operations and aircraft portfolio since the Company’s founding in 1997. ACY paid approximately US$2.8 million in cash and 129,286 shares of ACY common stock to JHC shareholders.
Jet Aviation has completed its acquisition of KLM Jet Center, a leading provider of comprehensive FBO/Handling services at Amsterdam and Rotterdam International Airports. With a new flagship operation and presence at two of Europe’s top airports, the KLM Jet Center acquisition represents a significant step in strengthening Jet Aviation’s position as a leading FBO service
GA Telesis has announced that its current shareholder Tokyo Century Corporation (Tokyo Century) along with All Nippon Airways Trading Company (ANATC), have collectively entered into a definitive agreement to acquire all shares held by Global Principal Finance Company LLC (GPFC). Tokyo Century’s ownership after the closing of the transaction will increase to 49.2% and ANATC
Ryanair has lowered its full year profit guidance (excluding Laudamotion) from a current range of €1.25 billion – €1.35 billion, to a new range of €1.10 billion – €1.20 billion due to lower traffic and weaker close in fares in September, caused by 2 days of coordinated pilot/cabin crew strikes in Germany, Holland, Belgium, Spain
Boeing has completed the acquisition of Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions. Millennium Space Systems will operate under Boeing Phantom Works as a subsidiary called Millennium Space Systems, A Boeing Company. It will retain an independent operating model while benefiting from Boeing’s resources, scale, manufacturing capability and technology research as the
Small Planet Germany GmbH, a part of Small Planet Group, has commenced a restructuring process. The German Civil Aviation Authority has no objections that the Air Operator’s License will remain in place and therefore, all scheduled flights of Small Planet Airlines GmbH will continue to operate as before. Small Planet Airlines GmbH has been operating
Singapore Technologies Engineering (ST Engineering), has announced that its Group’s U.S. subsidiary Vision Technologies Aerospace Incorporated (VT Aerospace) has entered into a conditional share purchase agreement to acquire a 100% ownership in MRA Systems, (MRAS) from General Electric Company. The purchase is based on a 100% aggregate purchase consideration of US$630 million which will be
