The French hotel group Accor has confirmed this week that it has been in discussions to purchase all or part of the French government’s 14.3 percent stake in Air France KLM, which at current share value would stand at €420 million (US$491 million). According to the Telegraaf, the French media had originally leaked the story
Transoft Solutions, a global leader in transportation engineering design and analysis software, has released, that its Belgian affiliate company has acquired Airtopsoft SA, a leading developer of airspace and airport modeling solutions. Airtopsoft will continue operating as a standalone company, managing key operations from its office in Belgium. Terms of the transaction were not disclosed.
Boeing and Safran have jointly announced from New York and Paris, respectively, their intention to collaborate in the design, build and construction of Auxiliary Power Units (APUs) for aircraft. The APU is a power system used predominantly by an aircraft when on the ground to power systems and start engines, though it can also be
Delta Air Lines and Los Angeles World Airports (LAWA) have announced a US$1.86 billion plan to modernize Terminals 2 and 3, together with the Tom Bradley International Terminal (Terminal B) at Los Angeles International Airport (LAX). LAWA is the governing body for LAX and Van Buys Airports. The project has been given the name Sky
Rolls-Royce has confirmed that completion of the sale of its fuel injector business, L’Orange, a wholly owned subsidiary of Rolls-Royce Power Systems, to Colorado-based Woodward took place on 1 June. The completion of the transaction, which was announced on 9 April, followed recent clearance from the German antitrust authorities. Net proceeds totalled €673 million after
Irish low-cost carrier Ryanair has confirmed its intention to raise its initial 24.9 percent stake in the Austrian carrier Laudamotion to 75 percent as soon as possible, subject to European regulatory approval. In addition, Laudamotion and Ryanair have agreed an option that will allow the Irish carrier to buy the remainder, allowing it to take
Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the three months ended March 31, 2018. The Company’s sales in Q1 2018 amounted to US$ 883 million compared with US$ 837 million in Q1 2017, an increase of 5.5%. Operating income in Q1 2018
Dubai Aerospace Enterprise (DAE) has announced that its leasing division DAE Capital has signed three agreements to sell 16 aircraft with a total market value of approximately US$900M. The aircraft covered by these agreements include Boeing 737 and Airbus A320, A330, and A350 family aircraft, have an average age of two years and are currently
CMB Financial Leasing concludes refinancing debt facility for six Airbus A320neo narrowbody aircraft CMB Financial Leasing has concluded a refinancing debt facility for six Airbus A320neo narrowbody aircraft. These aircraft are currently on operating leases with Indian airline IndiGo. The debt facility is coordinated by DVB Bank, who is also a lead arranger in the
According to Expansion (the Spanish financial newspaper), after two unsuccessful attempts, IAG, is outlining a third offer, this time €1.520 billion (US$1.778 billion) for Norwegian Air Shuttle ASA (Norwegian), a proposal that values the carrier’s shares at NOK330 (US$40.6), which represents a 32% increase over last Friday’s share price. On Tuesday May 22, Norwegian‘s share
