Aircraft leasing company SMBC Aviation Capital has finalised a five-year global syndicated finance facility. The transaction raised US$1.5 billion from 29 financial institutions, 13 of which are new banking relationships for SMBC Aviation Capital. The senior syndication phase saw participation from 10 banks, while the general syndication phase included an additional 19 banks. The syndicated
Honeywell has agreed to acquire CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately US$1.9 billion in an all-cash transaction. This represents approximately 14-times the estimated 2024 EBITDA on a tax-adjusted basis. This acquisition will enhance Honeywell’s defence technology solutions across land, sea, air, and space, including new electromagnetic defence solutions
SITA has taken a significant step into the operations as a service market by acquiring ASISTIM, a company renowned for its airline flight operations services. This move highlights SITA’s ongoing pursuit of innovative solutions to help airlines tackle challenges and stay ahead, enhancing air travel for everyone. This acquisition strengthens SITA’s position as a top
Avolon, a prominent global aviation finance company, has announced the successful raising of US$750 million through a new unsecured credit facility involving a syndicate of seven banks, predominantly from the Middle East and India. This transaction enhances Avolon’s capital diversity, tapping into new liquidity pools that have a strong interest in high-quality lending opportunities within
NORD/LB Norddeutsche Landesbank has decided to exit the aircraft financing sector following a strategic review. As part of this decision, the bank has reached an agreement with Deutsche Bank to sell a substantial portion of its aircraft financing portfolio, valued at €1.67 billion. The completion of this transaction is subject to approval by antitrust authorities
Aircraft leasing company SMBC Aviation Capital, has posted its results for the financial year ended March 31, 2024. The company reported a record profit before tax of US$460 million, marking a 35% increase year-on-year, before exceptional items. Including insurance settlement proceeds of US$756 million, the profit before tax rose to US$1.2 billion. Lease revenue grew
QOCO Systems, a provider of aviation software solutions, has received an investment of several million euros to accelerate its international expansion. Finnish private equity company Juuri Partners has become a minority shareholder in QOCO Systems, supporting the company’s global growth and product development. The investment will primarily be used to recruit new talent in software
Joby Aviation, a company developing electric air taxis for commercial passenger service, has announced the acquisition of the autonomy division of Xwing Inc., an industry pioneer in autonomous aviation technology. Founded in 2016, Xwing has been flying autonomous aircraft since 2020, utilising the Superpilot software it developed in-house. Superpilot enables safe, uncrewed operations, supervised from
FTAI Aviation has announced its agreement to acquire Lockheed Martin Commercial Engine Solutions (LMCES) from Lockheed Martin Canada for $170 million. This transaction is pending customary regulatory approvals and is expected to be finalised in the latter half of 2024. LMCES operates a 526,000 ft² aircraft engine maintenance and repair facility in Montréal, Quebec, with
GE Aerospace is expanding its Tres Rios maintenance, repair and overhaul (MRO) plant with an investment of BRL 430 million in response to increased customer demand across the region. The expansion work began earlier this year and is expected to be completed by autumn 2025. With the plant upgrade, the site will employ 500 GE
