Dubai Aerospace Enterprise (DAE) has released that its Board of Directors and Shareholders have authorised an additional US$300 million for bond repurchases to be conducted through open market transactions. To date, DAE has repurchased approximately US$815 million of principal amount of its publicly traded bonds under the previous authorisations of US$900 million. DAE now has
The International Air Transport Association (IATA) warned that the amount of airline funds for repatriation being blocked by governments has risen by more than 25% (US$394 million) in the last six months. Total funds blocked now tally at close to US$2.0 billion. IATA calls on governments to remove all barriers to airlines repatriating their revenues
In its Stock Exchange Release on May 20, 2020, Finnair announced that the Finnish Government had approved that the State of Finland guaranteed Finnair’s pension premium loan up to €540 million. With the state guarantee and the following pension premium loan, Finnair aimed to further secure its cash position and business continuity after the exceptional
On December 9, 2022, Capital A Berhad, the parent company of AirAsia, released that the company, through its wholly owned subsidiary, AirAsia Aviation Group Limited (AAAGL), , executed the following agreements (below) with the purpose of forging a joint venture with Sivilai Asia Co., Ltd (Sivilai Asia), a company incorporated in Phnom Penh, Cambodia, to
VINCI Airports has finalised the acquisition of Fintech’s 29.99% stake in OMA (Grupo Aeroportuario del Centro Norte) for a total amount of US$1.17 billion (£959 million), thereby becoming the largest shareholder in the Mexican airport operator. The transaction follows the signing of an agreement with OMA’s former shareholder in July 2022. With this stake in
C&L Aviation Group has purchased ACLAS Technics, a UK-based company that offers structural component repair and overhaul for multiple aircraft types, including the ATR 42, ATR 72, P-8 Poseidon, B737, B747, B757, B777, A320, A330 and more. This acquisition made by C&L is a continuation of growth plans which includes expanding its product and service
Tiger Infrastructure Partners (Tiger), a private equity infrastructure investor, has announced the acquisition of International Aerospace Coatings (IAC) Group, which includes Eirtech Aviation Services. IAC Group is one of the world’s leading aviation services providers headquartered in Shannon, Ireland and Irvine, California. IAC’s portfolio of 18 aircraft hangars is strategically located at seven airports and
Daher is in the process of acquiring Transports Chabrillac, the satellite and launcher transporter specialist, to further reinforce its status as a leader in special and multi-modal transportation for the aerospace industry. For more than 60 years, Toulouse, France-based Transports Chabrillac has specialized in providing transportation services for the space industry, serving leading European companies –
Quebec-based Meloche Group, a leader in developing and manufacturing aero structure and aircraft engine components for the aerospace sector, has acquired Hemmingford Aerospace, a key player in the aircraft engine part machining industry. This acquisition is part of Meloche Group’s growth strategy, which aims to double its sales by 2026, increasing it to CA$200 million
Jet Parts Engineering (JPE), a leading PMA parts and engineered repairs provider, has announced the acquisition of Northeast Aero Compressor (NEACO), a certified 145 repair station and industry leader specializing in the maintenance of complex pneumatic, hydraulic, fuel and electromechanical systems while incorporating DER repair and PMA capabilities. The acquisition of NEACO by JPE creates
