AMP Aero has finalised the acquisition of aviation aftermarket material solutions provider, Myriad Aero. As of July 5, 2022, AMP Aero Services is now operating globally with offices in Miami, Kansas City, New Delhi India, Istanbul and Hong-Kong. Myriad Aero, headquartered in Kansas City, Missouri, is an experienced provider of airframe and engine material. Prior to starting
SAS and certain of its subsidiaries have voluntarily filed for chapter 11 in the U.S., a legal process for financial restructuring conducted under U.S. federal court supervision. SAS’ operations and flight schedule are unaffected by the chapter 11 filing and SAS will continue to serve its customers as normal, although the strike by SAS Scandinavia
Daher has marked a major expansion of its U.S. industrial presence by acquiring the metallic and composite aerostructures assembly facility in Stuart, Florida, reinforcing the company’s position as a Tier 1 supplier for aircraft manufacturers in North America and beyond. The completion of this acquisition from TRIUMPH is bringing Stuart’s approximately 400 employees into Daher’s
Nordic Aviation Capital (NAC) has closed a five-year senior secured warehouse revolving credit facility with an initial committed amount of US$400 million (the Facility). Deutsche Bank AG acted as sole structuring agent for the Facility. Initial commitments for the Facility were provided by Deutsche Bank AG, Royal Bank of Canada and Citi. Gareth Halpin Executive
Complete Aircraft Group (CAG), part of JMC Group (JMC), the established aviation services business, has finalised the acquisition of MRO Part 145 provider, interiors and paint specialist Aerocare Aviation Services. This formally ratifies its September 2021 terms of agreement and cements CAG’s move into business aircraft support. The Aerocare Aviation Services Limited name remains unchanged.
The battle between Frontier Group Holdings (Frontier) and JetBlue Airways Corp. (JetBlue) for the acquisition of Spirit Airlines Inc. (Spirit) has taken another twist as proxy advisory firm Institutional Shareholder Services Inc (ISS) has changed its recommendation subsequent to the most recent revised offer from Frontier. “On balance, support for the merger with Frontier on
JetBlue has submitted a decisively superior proposal to the Board of Directors of Spirit Airlines to acquire all of the outstanding common stock of Spirit. The further improved proposal, which was submitted at the request of Spirit’s Board and following completion of JetBlue’s diligence review and discussions with Spirit’s management team, is an update to
3-D printing companies CRP Technology and CRP USA have signed an investment agreement with ITT, a diversified leading manufacturer of highly engineered critical components and customised technology solutions headquartered in Stamford, Connecticut (U.S.) and present in more than 35 countries. According to the operation, ITT becomes part of the shareholder structure of CRP Technology and
Karman Space & Defense (Karman) backed by Dallas-based private equity firm Trive Capital (Trive), has partnered with Cornerstone Research Group (CRG) to acquire the MG Resin-family of technologies. The acquisition of MG Resins represents a significant expansion of Karman’s core competencies in integrated composite systems for space & defense applications and creates a leading manufacturer
At one point on Monday the share value of Bombardier Inc, the Canadian business jet manufacturer, fell by up to 17.4% after workers on the critical Challenger business jet programme downed tools for a day. According to REUTERS news agency, the union representing approximately 1,800 Bombardier workers, the International Association of Machinists and Aerospace Workers,
