Boeing has entered into a definitive agreement to acquire Spirit AeroSystems. The merger is an all-stock transaction valued at approximately US$4.7 billion, or US$37.25 per share. Including Spirit’s last reported net debt, the total transaction value is approximately US$8.3 billion. Each share of Spirit common stock will be exchanged for a number of shares of
Eve Air Mobility has announced US$94 million in new equity financing from multiple investors. The funding, which involves the issuance of new shares of common stock and warrants, includes participation from a diverse group of global industrial companies such as Embraer, Nidec and other financial investors. This new funding strongly positions the company for future
As of June 24, 2024, TUI AG shares will once again be part of the MDAX on the Frankfurt Stock Exchange. Index provider ISS STOXX confirmed that TUI meets the necessary free-float market capitalisation criteria. This marks the tourism group’s return to the German share index after approximately nine years. CFO Mathias Kiep commented, “We
Wisk Aero, an advanced air mobility (AAM) company, has announced the acquisition of Verocel Inc., a renowned software verification and validation (V&V) company. Verocel’s unique expertise in supporting the certification of high-integrity aerospace software and the qualification of V&V tools will play a pivotal role in Wisk’s ongoing effort to certify its Generation 6 autonomous,
Airbus has provided a market update regarding new developments in its space activities and commercial aircraft business, leading the company to revise its 2024 guidance. In the first half of 2024, the Space Systems management team conducted an extensive technical review of all programmes, identifying further commercial and technical challenges. As a result, Airbus has
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
