Avolon, a prominent global aviation finance company, has announced its agreement to acquire Castlelake Aviation Limited (CA Ltd) , an entity managed by global alternative investment manager Castlelake L.P. This strategic acquisition is set to boost Avolon’s growth by expanding its aircraft portfolio and enhancing its financial position. As of March 31, 2024, CA Ltd
ZeroAvia has announced the extension of its Series C financing round, reaching a total of $150m, with a £20m (US$26.20m) investment coming from the SIB (Scottish National Investment Bank), joining previous investments from American Airlines, International Airlines Group (IAG), and ITOCHU Corporation. The financing round was co-led by Airbus, Barclays Sustainable Impact Capital, and NEOM
Safran Aircraft Engines has announced its intention to acquire Component Repair Technologies (CRT), an American firm based in Mentor, Ohio, renowned for its expertise in aircraft engine part repairs. This move will bolster Safran’s maintenance, repair, and overhaul (MRO) capabilities across the Americas. CRT, employing over 450 people, specialises in repairing large components such as
FTAI Aviation has successfully finalised the acquisition of Lockheed Martin Commercial Engine Solutions (LMCES), a 526,000 ft² aircraft engine maintenance and repair facility based in Montréal, Québec. This acquisition from Lockheed Martin Canada bolsters FTAI Aviation’s maintenance, repair, and exchange (MRE) business, enhancing its ability to deliver comprehensive maintenance services to airline customers. The integration
ITOCHU Corporation (ITOCHU) has made a strategic investment in Killick Aerospace (Killick) a global provider of aftermarket solutions for airlines, maintenance, repair, and overhaul organisations (MROs), lessors, and asset managers. Killick specialises in delivering commercial aircraft and engine solutions for Airbus and Boeing platforms. This investment signifies ITOCHU’s entry into the aircraft aftermarket sector, complementing
Thomas Cook is set to return to European ownership after Chinese Fosun agreed to sell the UK travel company to Polish travel platform eSky. Fosun will sell Thomas Cook, excluding its Chinese operations, to eSky for up to £30 million. Thomas Cook, established in 1841, went bankrupt in 2019 after failing to secure a £1.1
Since CVC Capital Partners acquired Ontic from BBA Aviation in 2019, the company has experienced significant growth. Ontic is now set to enter a new investment cycle to address the evolving needs of aircraft operators and licensors. This investment will focus on enhancing customer support teams, expanding repair capabilities, bolstering supply chain and sustainment engineering
Unical Aviation, has announced the acquisition of ecube Solutions, a global expert in aircraft storage, disassembly, and transition services, with bases in the UK, Spain and the USA. This strategic acquisition marks a significant milestone in Unical’s ongoing expansion across Europe, the Middle East, and Africa (EMEA) and reinforces the company’s commitment to delivering comprehensive
Genesis, a Dublin-based commercial aircraft leasing company, has announced that BayernLB has joined its US$450 million warehouse facility as a co-lender. The facility, initially led by CitiBank, now includes BayernLB alongside Morgan Stanley and Bank of America as co-lenders, further strengthening Genesis’ financial partnerships. Genesis Chief Financial Officer Adam Smyth expressed his satisfaction with the
Aerovías de México, a subsidiary of Grupo Aeroméxico has successfully closed a US$200 million syndicated revolving credit line for a three-year term, marking its strong return to the Mexican banking market. In this transaction, BBVA México served as the sole global coordinator, sole bookrunner, and agent bank, overseeing the structuring and syndication of the loan
