Financial

Calspan Holdings, the parent company to a thriving group of entities including Buffalo-based aerospace and automotive research company Calspan Corporation, reported the acquisition of Triumph Aerospace Systems – Newport News, Inc. The transaction was effective September 30, 2016 and the new company will operate as Calspan Systems Corporation. Calspan Systems Corporation (formerly “Triumph Aerospace Systems

Bombardier confirmed that it has closed the previously announced sale of its Amphibious Aircraft program to British Columbia-based Viking Air Limited. The agreement covers the Type Certificates for all variants of the aircraft, the CL-215, the CL-215T and the Bombardier 415 aircraft as well as after-market services. This divestiture positions Bombardier to better focus on

Guggenheim Partners, a global investment and advisory firm with more than US$240bn in assets under management, announced the sale of its commercial aircraft investment and management business, Guggenheim Aviation Partners (GAP), to the GAP management team. Founded in 2003 as a joint venture between Guggenheim and aircraft industry veterans Steve Rimmer and Paul Newrick, GAP

The Supervisory Board of Deutsche Lufthansa AG approved the exercising of a call option to acquire the remaining 55% of shares in SN Airholding, the parent company of Brussels Airlines. It remains the common objective of Lufthansa and Brussels Airlines to conduct the full acquisition of SN Airholding by Deutsche Lufthansa AG after the final

Newly formed Orizon Aerostructures has signed an agreement to purchase Spirit AeroSystems’ Chanute operations, expanding on its June announcement to establish an aerospace manufacturing facility in Chanute, Kan. As part of the agreement, Spirit’s Chanute statement of work will transition under the new company name Orizon Aerostructures – Chanute, Inc. Current Spirit employees in Chanute

Nordic Aviation Capital A/S (NAC) continued to record strong double-digit growth in revenue and earnings in the fiscal year 2015/16 and strengthened its position as one of the premier lessor of regional aircraft. Fiscal year 2015/16, ending June 30, 2016 showed a continued expansion of NAC’s business platform through addition of new aircraft, new customers,

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