Horizon Aircraft, Pono Capital Three finalise business combination

January 16, 2024

Robinson Aircraft, operating under the trade name Horizon Aircraft, a company specialising in hybrid-electric vertical take-off and Landing (eVTOL) aircraft, and Pono Capital Three, a special purpose acquisition company, have successfully finalised their previously announced business combination. Starting on Tuesday, January 16, 2024, the merged entity will operate under the name New Horizon Aircraft (Horizon

The European Commission and the European Investment Fund (EIF) join forces to boost investment in defence innovation

European Commission and European Investment Fund join forces

January 12, 2024

The European Commission (Directorate General for Defence Industry and Space – DEFIS) and the European Investment Fund (EIF) have joined forces to step up their support to EU’s defence and security through the launch of the Defence Equity Facility. The initiative, consisting of €100 million from the European Defence Fund and an additional €75 million

Image of eVTOL aircraft INTEGRITY © Crisalion Mobility

Spanish government invests €5.4 million in Crisalion Mobility

January 11, 2024

Crisalion Mobility, formerly UMILES Next, a Spanish leader in the design and development of advanced electric mobility solutions, has been selected by CDTI Innovación (Centre for Technology Development and Innovation), under its Innvierte programme, and by Cuyam (Grupo Valdemira) to receive a total investment of €5.4 million (£4.7 million). CDTI Innovación is a Spanish public

Satna iO has secured a majority stake in Zulu Global © Shutterstock

Crane Company acquires Vian Enterprises for US$103 million

January 8, 2024

Crane Company (Crane) has acquired Vian Enterprises, Inc. (Vian) for approximately US$103 million on a cash free and debt free basis. Founded in 1968, Vian is a global designer and manufacturer of multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defence applications with sole-sourced and proprietary content on the highest volume

RUAG Aerostructures becomes part of Mubea Group

January 4, 2024

The Swiss aerospace group RUAG International has sold all shares in RUAG Aerostructures Germany & Hungary to the German Mubea Group at the end of December 2023. The final transfer of ownership (closing) marks another successful step in the implementation of RUAG International’s privatisation strategy. Over many decades, RUAG Aerostructures Germany & Hungary has continuously expanded

Travelport completes new equity financing

January 4, 2024

Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, has completed its previously announced financing transaction with a group of its existing equity holders and lenders who have invested US$570 million (£452 million) in new equity into the company. The new financing significantly deleverages the company’s balance

Keenan Technical Industries sold to Flightcheck Commercial Aviation Services

January 3, 2024

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, has announced the sale of its client, Keenan Technical Industries (KTI), to Flightcheck Commercial Aviation Services (a portfolio company of Lineage Capital). The acquisition closed on December 15, 2023. Since its founding in 1990, Keenan Technical Industries (KTI) has been a full-service provider

AAR is to acquire Triumph Product Support for US$725 million in cash

AAR to acquire Triumph Group’s Product Support business

December 21, 2023

AAR CORP. has entered into a definitive agreement with Triumph Group to purchase Triumph Product Support for US$725 million in cash. As part of the transaction, AAR expects to receive estimated tax benefits with a present value of approximately US$80 million. Including the estimated tax benefits, the effective purchase price multiple is expected to be

DAE will sell seven Being and Airbus aircraft to K2 Aviation

DAE secures US$118 million cash insurance settlement for Aeroflot-leased aircraft

December 19, 2023

Dubai Aerospace Enterprise (DAE) has successfully obtained a cash insurance settlement totalling approximately US$118 million (£93 million) for aircraft previously leased to Public Joint Stock Company “Aeroflot – Russian Airlines” (Aeroflot). The settlement amount signifies the resolution of DAE’s insurance claims under Aeroflot’s insurance and reinsurance policies, specifically pertaining to seven aircraft and their associated

Orix Aviation secures inaugural credit facility with Bank of China Dublin Branch

December 18, 2023

Orix Aviation, a 100% subsidiary of ORIX Corporation of Japan, has released the successful closing of an inaugural Revolving Credit Facility with Bank of China Dublin Branch. This strategic financing initiative reflects the company’s commitment to continue the expansion of its funding base. Marie-Louise Kelly, Chief Financial Officer, ORIX Aviation commented: “We are delighted to

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