Bombardier has completed the acquisition of Latécoère's EWIS business

Bombardier bolsters supply chain with Latécoère’s EWIS business acquisition in Mexico

July 4, 2023

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,

Honeywell brings Heads-Up Displays to aircraft cockpits

Honeywell reaches agreement with SaaB Technology to acquire its HUD assets

June 29, 2023

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 raises earnings forecast for 2023

June 19, 2023

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 receives government approval to access foreign currency

June 16, 2023

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

Finnair updates its profit guidance for 2023

Finnair raises guidance for full year 2023

June 13, 2023

Finnair has raised its guidance for comparable operating result for the full-year 2023. This is partly as it expects travel demand to continue stronger than previously anticipated, while fuel price development has been more favourable than expected and the company’s strategy implementation has progressed better than anticipated. Contrary to the previous guidance, the company estimates that the

Schiphol acquires 40% stake in MAA

June 12, 2023

A strategic cooperation between Maastricht Aachen Airport (MAA) and Royal Schiphol Group has commenced. On June 8, 2023, the province of Limburg and Schiphol signed the cooperation agreement. Schiphol is acquiring a 40% stake in MAA and the province of Limburg is keeping a 60% stake. The parties are committed to further developing MAA into

Amadeus takes minority stake in CAPHENIA

June 12, 2023

Amadeus, a leading travel technology company, has acquired a minority stake in CAPHENIA, a future producer of synthesis gas, the feedstock of sustainable aviation fuel (SAF). The German-based company has developed an innovative approach to produce SAF in a more affordable and scalable way. The decision is part of a wider commitment on behalf of Amadeus

VoltAero receives €5.6 million government grant for Cassio electric-hybrid aircraft development

June 9, 2023

VoltAero’s Cassio 330 electric-hybrid aircraft development programme has received a financial boost from the French government in the form of a €5.6 million grant via BPI France. The financing was made available through the “France 2030” investment plan, which had previously been established by the French government to assist with sustainably transforming key sectors of

ACS has unveiled its 2024 year-end performance summary

AIP Capital announces US$230 million acquisition facility

June 9, 2023

AIP Capital (AIP), a global aviation asset management and investment firm, announced the closing of a US$230 million acquisition facility. The non-recourse facility provides financing for the purchase of seven Boeing 737 MAX 8 aircraft, that have been delivered or are scheduled to be newly delivered between 2021 and 2023, and are on long-term leases,

Safran enters into negotiations with Air Liquide to acquire its aeronautical oxygen and nitrogen activities

June 2, 2023

Safran has announced its exclusive negotiations with Air Liquide for the acquisition of Air Liquide advanced Technologies’ aerospace technology oxygen and nitrogen activities, excluding the cryogenic activities related to marine applications. The aeronautical technologies activities of Air Liquide, based in Sassenage, France at its Campus Technologies Grenoble site, primarily focus on oxygen and nitrogen equipment

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