Dubai Aerospace Enterprise (DAE) has signed a definitive agreement to acquire 100% of Sky Fund I Irish, Ltd. and its subsidiaries (Sky Fund I). Sky Fund I owns and is committed to own 36 aircraft on lease to 14 airline customers in 11 countries. Next-generation-technology aircraft represent more than 90% of the acquired portfolio. DAE’s
As it comes out the other side of the COVID pandemic Swissport, the Swiss aviation services company providing airport ground, lounge hospitality and cargo handling services has successfully completed a new €600 million Term Loan offering whilst also entering into a new €200 million Super Senior Revolving Credit Facility. The funds will be used for
SAS AB has reached agreements with ten lessors, representing in aggregate 36 aircraft, to amend the terms of existing aircraft and equipment lease agreements. The agreements constitute an important step in reconfiguring the fleet and achieving an SEK 7.5 billion in annual cost savings under the SAS FORWARD plan. The amended lease agreements are subject
GKN Aerospace has acquired a pioneering Swedish additive manufacturing system business, as part of its engine business’ journey to transform its supply chain and offer more sustainable and advanced material solutions to customers. Permanova Lasersystem AB, based in Gothenburg, is a leader in advanced laser technology and cell integration and is a current supplier of
Singapore Airport Terminal Services (SATS) has announced it has agreed to purchase Worldwide Flight Services (WFS) for US$ 1.14 billion in cash from an affiliate of U.S. private equity firm Cerberus Capital Management. SATS will raise US$797 million in equity to fund the purchase and the deal will transform SATS into the largest global air
Sabena technics, supported by its shareholders Sagard, BPI France and Towerbrook, completes the full acquisition of the Héli-Union Group and strengthens its position as a key player in the military helicopter maintenance sector. The acquisition of Héli-Union is fully in line with the Group’s strategy to build a leading European player in the market for
Rex has announced that it has bold plans to grow and transform its latest acquisition into Australia’s premier Fly-In-Fly-Out (FIFO) operator, signalling a major expansion into Queensland and the Northern Territory. This follows the completion of the purchase of National Jet Express (NJE) on September 30, the regional services arm of Cobham Aviation Services Australia,
American planemaker Boeing Co. together with its former CEO Denis Muilenburg have agreed to pay the American Securities and Exchange Commission (SEV) a fine of US$200 million for having misled the public over the two fatal crashes of its 737 MAX jet. The SEC has alleged that both Boeing and Muilenburg knew that there was
Embraer has signed an investment agreement to acquire a minority shareholding in XMobots, the largest drone company in Latin America with operations in São Carlos, in the São Paulo countryside. The transaction will be made via an investment fund in which Embraer is the sole partner, with an additional investment option in the future. The
TrueNoord has closed a new revolving warehouse finance facility of US$400 million which will be seeded with 17 aircraft already owned by TrueNoord and which can be extended further by an accordion feature. The facility will be used by the specialist regional aircraft lessor to finance business development and expand its portfolio of 50-150-seat aircraft
