The Asian Development Bank (ADB) and Air Niugini have signed a US$35.8 million financing package to support the modernisation of Papua New Guinea’s national airline fleet. The investment is aimed at improving operational efficiency, further enhancing safety standards, and strengthening the country’s domestic and international air connectivity, with wider benefits for Papua New Guinea’s social
Safran has announced that it has signed a definitive agreement with Kingswood Capital Management (Kingswood) for the sale of Safran Passenger Innovations (SPI), the group’s division specialising in in-flight entertainment and connectivity solutions. The agreement marks a significant strategic step for Safran as it continues to refine its portfolio and focus on core activities. SPI
Boeing has completed its acquisition of Spirit AeroSystems, bringing in house all of Spirit’s Boeing-related commercial work, including 737 fuselages and major structural assemblies for the 767, 777 and 787 Dreamliner. The purchase also covers commercially procured fuselages for the P-8 maritime patrol aircraft and the KC-46 tanker. By absorbing its largest spare-parts supplier, Boeing
Pegasus Airlines has taken a significant step towards its international growth ambitions with an agreement to acquire Czech Airlines—one of the world’s oldest airline brands—and its subsidiary Smartwings, the leisure carrier based in the Czech Republic. This strategic investment is designed to strengthen Pegasus Airlines’ presence in Europe and support its ongoing global expansion. The
easyJet, one of Europe’s largest airlines, has agreed to acquire the Adria Tehnika maintenance facility in Slovenia, further strengthening its in-house engineering capabilities. The five-bay heavy maintenance site at Brnik has supported easyJet’s Airbus fleet for several years, and the airline now plans to invest in the facility for the long term. The acquisition remains
Precision Aviation Group, Inc. (PAG), a global provider of MRO services and value-added supply chain solutions for the aerospace and defence sectors, has announced its acquisition of H.E.R.O.S. Inc., a premier Rolls-Royce M250/RR300 engine MRO specialist based in Chandler, Arizona. Established in 1988, H.E.R.O.S. has built a strong reputation for its expertise in the M250
Emerald Airlines, the exclusive operator of Aer Lingus Regional services, has marked a major milestone in its brief but ambitious history by securing its first operating profit. The achievement, recorded in the year ending 2024, represents a decisive shift in the airline’s financial trajectory. After closing 2023 with an operating loss of €7.6 million, the
Republic Airways Holdings has confirmed the successful completion of its merger with Mesa Air Group, Inc. The deal, first announced on April 7, 2025, received shareholder approval from Mesa on November 17, 2025, clearing the final hurdle for the transaction to proceed. Under the agreed terms, Republic shareholders now hold roughly 88% of the combined
Warburg Pincus, a recognised pioneer in global growth investment, has confirmed its acquisition of Topcast Aviation Supplies Company Limited (Topcast), the largest independent distributor of civil aviation parts and a major MRO provider in the Asia Pacific region. The deal strengthens the firm’s long-standing commitment to high-growth aviation sectors and deepens its footprint across one
SmartLynx Latvia, once a central part of the Baltic ACMI and charter landscape, has officially ceased operations following a period of mounting financial pressure and significant corporate restructuring. Financial difficulties began to surface more clearly in recent months, coinciding with the decision by Avia Solutions Group to divest SmartLynx Airlines. The sale to a private
