Building on a longstanding commercial partnership spanning over two decades, EFIS MAROC has officially merged into ECS Group, reinforcing the group’s presence in Africa. The acquisition agreement, signed on December 13, 2023, marks the beginning of a seamless transition and the implementation of digital enhancements for the benefit of EFIS MAROC and its clientele. Founded
Mesa Air Group has unveiled a series of agreements with United Airlines (United) that promise to significantly enhance its operating income and liquidity over the coming year. Additionally, the company has provided an update on its efforts to reduce debt and fortify liquidity by selling excess CRJ-900 assets. Highlights of the United agreements: The United
Norwegian Air Shuttle ASA (Norwegian) has officially become a shareholder in Norsk e-Fuel, marking a significant milestone in its mission to establish the world’s first major electro fuel production facility. This ground-breaking project will produce fossil-free jet fuel at a state-of-the-art plant located in Mosjøen, Nordland, potentially ushering in a new era of sustainable aviation.
Airbus Helicopters and Aerovel have signed an agreement regarding the acquisition of Aerovel and its unmanned aerial system (UAS), Flexrotor, as part of a strategy to strengthen Airbus Helicopters’ portfolio of tactical unmanned solutions. Flexrotor is a small tactical unmanned aerial system designed for intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions at sea and
CORE Industrial Partners (CORE) has completed an investment in Aviation Concepts, a provider of mission-critical, rotable components to the aftermarket commercial aviation industry. Headquartered in Sunrise, Florida, Aviation Concepts has a global reach via sophisticated logistics partnerships. John May, Managing Partner of CORE, said, “With more than 30 years of experience, Aviation Concepts and its
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 (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
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
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
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
