The Italian airline ITA Airways is now a member of the Lufthansa Group. The Italian Ministry of Economy and Finance (MEF) and Europe’s leading aviation group finalised the transaction on January 17, granting the Lufthansa Group a 41% stake in ITA Airways. The remaining 59% of the airline will initially remain under the ownership of
Avolon, the aviation finance company, has successfully completed its acquisition of Castlelake Aviation from Castlelake L.P.’s aviation platform. The transaction, which was first disclosed on September 13, 2024, includes a substantial portfolio comprising 106 aircraft currently on lease, as well as commitments for ten new-technology aircraft. This strategic acquisition significantly enhances Avolon’s already impressive fleet,
Rcapital has announced the sale of Trac Precision Solutions (TRAC), a UK-based provider of precision-machined components serving the aerospace, defence and power generation sectors, to India’s PTC Industries Ltd, a prominent player in the engineering industry. The acquisition follows TRAC’s remarkable turnaround, which saw the company return to profitability and achieve sustained growth. Rcapital took
Tex-Tech Industries, Inc. (Tex-Tech), a provider of high-temperature and high-performance specialty materials and coatings, has successfully completed the previously announced acquisition of Fiber Materials, Inc. (FMI), based in Biddeford, Maine and Woonsocket, Rhode Island, from Spirit AeroSystems. FMI is a prominent player in the field of high-temperature materials and reinforced composites, specialising in carbon/carbon and
Azorra has successfully finalised a landmark US$190 million (R$1.1 billion) financing agreement with the Brazilian Development Bank (BNDES) to fund up to eight Embraer E2 jets. This facility marks the first collaboration between BNDES and ITASCA MGA Limited, further demonstrating Azorra’s dedication to pioneering innovative financing solutions. The financing, structured under BNDES’ Exim Post-shipment Product,
Veryon, a provider of aviation information services and software solutions, has acquired RCMBT, a Canada-based provider of parts reliability analytics for OEMs, regional airlines and cargo operators. With over 20 years of expertise, RCMBT specialises in advanced decision-support technologies designed to enhance fleet reliability and performance. This strategic acquisition aims to bolster Veryon’s portfolio by
AAR Corporation has reported second quarter (Q2) fiscal year 2025 results. Consolidated second-quarter sales rose by 26% to US$686.1 million, compared to US$545.4 million in the same period last year. This increase reflects a 30% growth in consolidated sales to commercial customers, driven by the acquisition of the Product Support business and robust demand across
Dubai Aerospace Enterprise (DAE) has announced the signing of a definitive agreement to acquire 100% of the Nordic Aviation Capital group (NAC), an aircraft leasing company established over 30 years ago. Financial terms of the transaction were not disclosed. As of September 2024, NAC’s fleet consisted of 252 owned and committed assets leased to around
AerCap Holdings N.V. has unveiled a summary of its major business transactions for both the full year and the fourth quarter of 2024, showcasing remarkable accomplishments in leasing, purchasing, sales and shareholder returns. For the full year 2024, AerCap signed 496 lease agreements, completed 150 purchases and concluded 166 sale transactions. The company also secured
Dubai Aerospace Enterprise (DAE), a global aviation services company, has released its business transactions update for the full year 2024, highlighting significant achievements across its capital and engineering divisions. DAE Capital demonstrated robust activity throughout the year, acquiring a total of 83 aircraft, with 30 owned and 53 managed. It also sold 68 aircraft, comprising
