Air France-KLM and Apollo Global Management sign agreement for €500 million quasi-equity financing

July 17, 2023

Air France-KLM and Apollo Global Management have signed a definitive agreement for Apollo-managed funds and entities (Apollo) to raise a €500 million (£431 million) financing into an operating affiliate of Air France that will own a pool of components dedicated to Air France’s Engineering and Maintenance activities. Under this agreement and subject to customary closing

Avia Solutions Group is expanding in UK by acquiring Synergy Aviation

Avia Solutions Group acquires UK airline

July 17, 2023

Avia Solutions Group has acquired UK-based airline operator Synergy Aviation, later to be rebranded to Ascend Airways. The newly purchased business, which has an Air Operator Certificate (AOC) and Type B Operating License from the UK CAA, will enable the Group to strengthen its position in the UK aviation market. Jonas Janukenas, CEO of Avia

Marubeni Corporation acquires 50% equity stake in DASI

July 14, 2023

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 to launch Senior Secured Notes Offering due 2028

July 13, 2023

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 negotiations to acquire Cobham Aerospace Communications

Thales seeks to strengthen avionics portfolio with acquisition of Cobham Aerospace Communications

July 12, 2023

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 has been acquired by USA’s largest ground aviation services company Unifi

Up & Away has been acquired by Unifi Aviation

July 12, 2023

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 will acquire regional carrier Widerøe

Norwegian Air Shuttle to acquire Widerøe

July 6, 2023

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

Daher has completed the acquisition of AAA © Daher

Daher acquires France’s AAA – takes on worldwide leadership role in aerospace sector

July 4, 2023

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 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

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