Marubeni Corporation – one of the world’s largest trading and investment conglomerates – has acquired a 50% equity stake in DASI, LLC – a global leader in commercial aviation inventory solutions. The acquisition, which was recently completed for an undisclosed amount, will allow Marubeni to significantly expand opportunities and accelerate growth in the aviation parts
Azul has made an announcement regarding the launch of a private offering of Senior Secured First Out Notes due 2028 (Notes) through its subsidiary, Azul Secured Finance LLP, a Delaware limited liability partnership. This offering is a crucial component of the company’s comprehensive and permanent restructuring plan, aimed at optimising its capital structure and enhancing
Thales has entered into exclusive negotiations to acquire, for US$ 1.1 billion, Cobham Aerospace Communications (AeroComms), a leading supplier of advanced, ultra-reliable innovative safety cockpit communication systems. With about 690 employees, of which about 190 are engineers, the company operates across a well-invested footprint in France, South Africa, U.S.A. /Canada and Denmark. It is expected
Up & Away Aviation (Up & Away), a supplier of aircraft cleaning and detailing services to commercial airline and private aviation clients, has been acquired by Unifi Aviation (Unifi). Unifi is the USA’s largest ground aviation services company, part of the Argenbright Group. The deal was signed by Up & Away Aviation founder and CEO Stefan Murphy
Norwegian Air Shuttle (Norwegian) has announced an agreement to acquire Widerøe, a major regional carrier in Norway, from WF Holding AS. This strategic move aims to provide customers with a more extensive route network and increased options while safeguarding local employment opportunities in Norway. Widerøe will continue to operate as a separate company, maintaining its
French industrial conglomerate Daher has announced the closing of its acquisition of fellow French enterprise Assistance Aéronautique et Aérospatiale (AAA). Both highly ranked in their individual fields of industrial services for civil and defense aerospace, the merger will see Daher become better able to respond to the sector’s needs in the context of sharp increases
Bombardier, a leading aerospace company, has successfully acquired Latécoère’s assets and operations related to the Electrical Wiring Interconnection System (EWIS) business in Querétaro, Mexico. This strategic acquisition further solidifies Bombardier’s position as an industry leader in Querétaro and reinforces its status as a flagship company in the Mexican aerospace industry. By acquiring Latécoère’s EWIS business,
Phoenix, Arizona-based Honeywell Aerospace (Honeywell) has announced it is to acquire SaaB Technology’s heads-up-display (HUD) assets. This will allow Honeywell to subsequently partner with SaaB Technology (SaaB) to develop and improve its HUD product offerings. The benefit of a HUD is that it gives a pilot greater situational awareness, particularly at night-time and also in
MTU Aero Engines (MTU), Germany’s leading engine manufacturer, is raising its earnings forecast for the current financial year in light of expectations regarding future business development. The company now expects an adjusted EBIT of more than €800 million. This represents a slight year-on-year increase in the adjusted EBIT margin, compared to the previous guidance of
Flybondi has reported that it is now operating at 100% after receiving government approval to access foreign currency. Due to current restrictions that exist in Argentina to make payments abroad in foreign currency, Flybondi needs to file requests to access foreign currency through a system called SIRASE (System for Imports of the Argentine Republic and
