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ITOCHU enters aircraft aftermarket with Killick investment

September 10, 2024

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

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eSky to acquire Thomas Cook Thomas Cook

eSky to acquire Thomas Cook from China’s Fosun

September 6, 2024

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

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Ontic receives investment from CVC Capital Partners Ontic

Ontic expands with new investment from CVC and new investors

September 6, 2024

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

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Unical Aviation acquires eCube Solutions Unical

Unical Aviation announces ecube Solutions acquisition

September 6, 2024

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

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Genesis and BayernLB partnership Genesis

Genesis adds BayernLB to US$450 million credit facility

September 6, 2024

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

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BBVA México and Aeroméxico finalise loan BBVA México

BBVA México and Aeroméxico finalise US$200 million loan

September 4, 2024

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

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Aegean Airlines has invested in Volotea AEGEAN

Aegean invests €25 million in Spanish low-cost carrier Volotea

September 4, 2024

Aegean Airlines has invested €25 million in Barcelona-based budget carrier Volotea. This capital injection is part of a larger fundraising effort involving Volotea’s existing shareholders, totalling €50 million. Aegean made the investment through a profit-participating loan, which will later be converted into shares. Volotea may receive another round of investment next year, with Aegean indicating

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AviLease

AviLease secures US$2.5 billion five-year unsecured term facility

September 3, 2024

AviLease, a global aircraft lessor has announced the successful raising of a US$2.5 billion, five-year unsecured term facility. This facility will be utilised, among other purposes, to fully refinance a bridge facility that AviLease secured in 2023 when it acquired Standard Chartered’s aircraft leasing platform. The financing is split into two parts: a conventional facility

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Safran acquisition of AI-firm Preligens Safran

Safran announces acquisition of AI-firm Preligens

September 2, 2024

Preligens; a company specialising in artificial intelligence (AI) for aerospace and defence, has officially joined Safran. The acquisition was completed for an enterprise value of €220 million (US$244 million). Preligens will be rebranded as Safran.AI and will become part of Safran Electronics & Defense. Founded in 2016, Preligens specialises in AI analytics-solutions for high-resolution imagery,

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Farsound Aviation

Onex Partners announces acquisition of Farsound Aviation

August 30, 2024

Onex Partners has announced that it has agreed to acquire Farsound, a global provider of supply chain solutions for the aerospace MRO-market. The investment has been made in partnership with Farsound’s management team, led by Chief Executive Officer Chris Knott. Headquartered in Brentwood, England, Farsound specialises in the procurement, supply, and inventory management of high-volume

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