Gogo Inc. and Satcom Direct have entered into a definitive agreement under which Gogo will acquire Satcom Direct, creating an in-flight connectivity provider capable of meeting the performance and cost requirements of every segment in the global business aviation and military/government mobility markets. As per the terms of the agreement, Satcom Direct will receive US$375
Pratt & Whitney (P&W) has inaugurated its new 845,000 ft² facility in Oklahoma City, further establishing its position as the company’s largest military engines field location. The US$255 million investment will enable Pratt & Whitney to meet the growing demands of both U.S. and international defence customers for engines such as the F135, F117, TF33,
Jackson Square Aviation (JSA) has successfully closed a US$150 million pre-delivery payment (PDP) financing facility for Frontier Airlines Inc. (Frontier). The facility will partially finance Frontier’s obligations for the pre-delivery payments on its Airbus A320neo-family aircraft, scheduled for delivery through to 2027. The new PDP financing marks a continuation of the long-standing relationship between JSA
Toyota Motor Corporation will invest an additional US$500 million in Joby Aviation to support the certification and commercial production of Joby’s electric air taxi, aiming to realise the two companies’ shared vision of air mobility. The investment, which will be made in two equal tranches, is subject to standard regulatory approvals and certain other conditions,
Qatar Airways Group has announced its intention to acquire a minority 25% equity stake in Virgin Australia from Bain Capital, subject to approval by the Foreign Investment Review Board (FIRB). A deeper strategic relationship between the two carriers will increase competition in the Australian aviation market, ensuring consumers have access to better value airfares and
Castlelake L.P., a global alternative investment manager specialising in asset-based investing with nearly two decades of experience in aviation, has announced commitments of over US$1 billion for a new aviation financing term loan facility. This facility will support Castlelake’s ongoing investments in and acquisitions of high-demand aviation assets. The financing facility, structured to offer longer-term
Abelo, a specialist turboprop aircraft lessor, has successfully closed a US$190 million financing facility for a portfolio of 20 turboprop aircraft. The deal was underwritten by MUFG EMEA, Deutsche Bank AG (New York branch), and Société Générale. Both MUFG EMEA and Deutsche Bank acted as co-structuring agents, while all three banks participated as senior lenders,
AAR CORP. has announced its financial results for the first quarter of fiscal year 2025, reporting consolidated sales of US$661.7 million, a 20% increase from the prior year’s sales of US$549.7 million. The company posted a net income of US$18.0 million, or US$0.50 per diluted share, in contrast to a net loss of US$0.6 million,
Asia Digital Engineering (ADE), the maintenance, repair and overhaul (MRO) subsidiary of Capital A, and PT Garuda Maintenance Facility Aero Asia Tbk (GMF), an Indonesian MRO provider, have announced their strategic joint investment. This partnership represents a significant milestone for both companies as they combine expertise to transform landing gear services across the region and
First Aviation Services Inc., a provider of aircraft parts manufacturing, aircraft component maintenance and related engineering services, has announced its acquisition of Saint Technologies Inc., based in Shannon, Illinois. Founded in 1999, Saint Technologies Inc. specialises in manufacturing advanced lock washers designed to secure critical hardware assemblies in high-vibration and shock environments, marketed under the
