Financial

StandardAero Aviation Holdings and Airbus have entered into exclusive negotiations with respect to an acquisition by StandardAero of Vector Aerospace Holding SAS from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft. A truly international company, it generated revenues of US$

It has been announced that along with its Sun d’Or International Airlines (2U, Tel Aviv Ben Gurion) unit, El Al Israel Airlines (LY, Tel Aviv Ben Gurion) has entered into an agreement with IDB Development, IDB Tourism and Israir (6H, Tel Aviv Sde Dov) to purchase all issued and paid-up share capital of Israir. It

Rolls-Royce has announced a £150m investment in new and existing civil aerospace facilities in the UK to support the planned doubling of engine production and deliver on its record civil aerospace order book. The investment, which will be made over the next few years, is part of Rolls-Royce’s ongoing industrial transformation and will provide additional

Israel Aerospace Industries (IAI) is investing millions of dollars in two cyber companies in Holland and Hungary, IAI has announced at the Cyber Week conference held in Tel-Aviv, Israel. The investments, which are carried out through the IAI’s Cyber Division, are meant to expand IAI’s cyber R&D and its global footprint in this field. In

SmartLynx Airlines, the third largest passenger carrier in Latvia, reported that net turnover in 2016 increased by 18% to €108.4m. Aircraft wet lease services represented 53.3% of the company’s business portfolio, with charter flights taking up another 45.5%. The aircraft wet lease (ACMI) services net turnover made up €57.7m in 2016, or 15.3% more than

HEICO Corporation announced that its Flight Support Group has acquired 100% of Carbon by Design, a growing manufacturer of composite components for UAVs, rockets, spacecraft and other specialized applications. The purchase price and financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings within the first year

SIA Engineering Company and GE Aviation have agreed to establish a new engine overhaul joint venture based in Singapore. The joint venture will provide a full range of engine maintenance, repair and overhaul (MRO) services for the GE90 and GE9X engines. The GE90 engine exclusively powers the Boeing 777-300ER and 777-200LR, and the GE9X engine