Comply365, a global provider of operational content, safety and training management solutions, has announced the acquisition of Beams Technology GmbH (Beams). Beams is widely recognised for its pioneering AI safety solutions, designed to automate aviation safety data processing and enable predictive risk management. The deal marks a major milestone in Comply365’s strategy to embed artificial
IFS has announced the acquisition of 7bridges, an AI-driven supply chain management company. The move strengthens IFS’ position as a leader in Industrial AI, particularly in logistics and transport optimisation. 7bridges uses advanced AI simulation and analytics to streamline supply chains. Its platform automates logistics networks by combining rapid data capture, a strong semantic data
Qantas has been ordered to pay a record AU$90 million penalty for unlawfully dismissing 1,820 baggage handlers and other ground staff in 2020, taking the overall cost of its controversial outsourcing move to more than AU$200 million. The federal court decision was handed down in Sydney by Justice Michael Lee, almost a year after the
Eve Air Mobility, the Urban Air Mobility (UAM) developer focusing on electric vertical take-off and landing (eVTOL) aircraft, has announced a significant capital raise through a registered direct offering. The company has entered subscription agreements with BNDESPAR, the investment arm of the Brazilian Development Bank (BNDES), Embraer, and other institutional investors to issue and sell
AAR CORP., a major provider of aviation services to commercial and government operators, MROs and OEMs, has acquired Aerostrat. The deal is worth US$15 million plus up to US$5 million in contingent consideration. The move strengthens AAR’s software portfolio and enhances the enterprise resource planning capabilities of its Trax subsidiary. Aerostrat is a respected provider
CAE has reported its results for the fiscal first quarter 2026 ended June 30, 2025. Revenue reached CA$1,098.6 million, up from CA$1,072.5 million in the same quarter last year. Earnings per share (EPS) were CA$0.18, compared with CA$0.15 last year. Adjusted EPS was CA$0.21, unchanged year over year. Operating income came in at CA$133.8 million,
Fraport AG has reported a stronger business performance in the second quarter of 2025, driven by passenger growth across its global network of airports. Over the first half of the year, approximately 77 million passengers used Fraport’s Group airports, representing a 3.8% increase compared with the same period in 2024. This growth in traffic contributed
Spirit AeroSystems Holdings, Inc. has announced an agreement to sell its Subang, Malaysia facility and associated businesses to Composites Technology Research Malaysia (CTRM) for US$95.2 million, subject to standard adjustments. The transaction follows Spirit’s earlier merger agreement with Boeing and a subsequent definitive agreement with Airbus, and is expected to conclude in the fourth quarter
Natixis Corporate & Investment Banking (Natixis CIB) has successfully underwritten a senior secured term loan to finance eleven Airbus A321ceo aircraft for LATAM Airlines Group S.A., the largest airline group in Latin America. LATAM, headquartered in Santiago, Chile, operates an extensive domestic and international route network, serving both passenger and cargo markets. Its diversified fleet,
Astronics Corporation, a key US-based supplier of advanced technologies to the aerospace and defence sectors, has reported mixed financial results for the second quarter of 2025, reflecting robust growth in its Aerospace segment counterbalanced by ongoing challenges in its Test Systems division. For the quarter ending June 28, 2025, consolidated sales were lifted by a
