Dubai Aerospace Enterprise (DAE) has signed a definitive agreement to acquire 80% of Jordan Aircraft Maintenance Limited from The Abraaj Group. Terms of the transaction were not disclosed. Established in 1963, Joramco has a solid track record as a leading independent commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of customers
Global aeronautical communications provider, Satcom Direct (SD) has acquired AircraftLogs based in Columbus, OH, that offers the latest technology in aircraft flight scheduling software and tax reporting tools for corporate and private flight departments. With the purchase of AircraftLogs, SD adds scheduling and tax capabilities to its Integrated Flight Operations Management portfolio. Founded in 2005,
IAG Engine Center Europe, a division of International Aerospace Group (IAG), a US based leader in the sale, repair and leasing of aircraft engines as well as aircraft replacement parts sales, confirmed that it has completed the acquisition of the engine and component repair business of Alitalia Maintenance Systems (AMS). IAG plans to operate a
Versa Capital Management, a private equity firm focused on control investments in special situations, reported that one of its affiliates has acquired Silver Airways, a Florida-based airline providing flights within its home state and to the Bahamas, as well as to 20 U.S. cities. This month, Silver Airways became one of the first U.S. commercial
GE reported plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG for US$1.4bn. Both companies will report into David Joyce, President & CEO of GE Aviation. Joyce will lead the growth of these businesses in the additive manufacturing equipment and services industry. In addition, he will lead the
Aviation Technical Services (ATS) has acquired Texas Pneumatics Systems (TPS), a company that provides repair and overhaul services for commercial airlines predominantly for pneumatic and fuel related components and systems. Located near Fort Worth, Texas, TPS is a world recognized high-quality repair station with a 20 year proven record that employs an experienced team of
TransDigm Group has entered into a definitive agreement to acquire Young & Franklin and its subsidiaries, including Tactair Fluid Controls. The Company manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about US$75m for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the
During the first half of 2016 leisure carrier Small Planet Airlines grew its revenues by 9,9% to €72,3m when compared to the same period in 2015. The main reasons behind revenue growth was increased activity in Lithuania, Poland, and the United Kingdom, launch of flights under the German AOC, and return to the French market.
Aeroflot Group published its condensed consolidated interim financial statements for the six months ended 30 June 2016, in accordance with International Financial Reporting Standards. Revenue reached RUB223,824m, up 26.8% year-on-year, EBITDAR nearly doubled year-on-year to RUB 58,397m. The EBITDAR margin increased 7.3 percentage points (p.p.) to 26.1%; EBITDA more than doubled year-on-year to RUB30,035m. The
Airways New Zealand has reported a strong safety, operational and financial performance in the year ending 30 June, 2016. The state-owned enterprise (SOE) achieved a Group Net Operating Profit after Tax (NOPAT) of NZD$23.2m, well ahead of a budgeted NZD$16.5m and 54% up on the prior year. Airways’ positive financial result was supported by an
