Financial

TransDigm Group and Breeze-Eastern signed a definitive merger agreement providing for Breeze-Eastern to become an indirect wholly-owned subsidiary of TransDigm. TransDigm and Breeze-Eastern both design, manufacture and supply highly engineered aircraft components. Under the terms of the agreement, a subsidiary of TransDigm will commence a tender offer to acquire all of the outstanding shares of

The Finnish Competition and Consumer Authority has approved the transaction in which Finnair transfers 60% of the shares in Nordic Regional Airlines AB to StaffPoint Holding Oy and Kilco Oy. Upon completion of the sale, StaffPoint’s ownership in the joint venture will be 45%, Kilco’s 15% and Finnair’s 40%. The transaction is expected to close

Delta Air Lines intends to acquire up to an additional 32% of the outstanding capital stock of Grupo Aeromexico S.A.B. de C.V. (AEROMEX.MX) through a cash tender offer for MXP$43.59 per share. This investment will strengthen the airlines’ partnership and provide more travel options for customers in the U.S. and Mexico. Currently, Delta owns approximately

At the 2015 Dubai Air Show, GE Aviation and CFM International, its partner company with Snecma (Safran), secured and finalized several engine orders and long-term contracts valued at more than US$17bn with the region’s leading carriers. At the same time, GE Aviation also forged new relationships with the Middle East’s growing aviation industry players. “The

Kaman Corporation released that its Aerospace segment has entered into an agreement to acquire GRW Bearing GmbH (GRW), a German-based designer and manufacturer of super precision, miniature ball bearings. The company is expected to have sales in 2015 of approximately €48 million. GRW is focused on the demanding applications segment of the miniature ball bearings