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Porter Aviation sells Billy Bishop Toronto City Airport passenger terminal

Porter Aviation Holdings has completed the sale of its passenger terminal at Billy Bishop Toronto City Airport (BBTCA) to Nieuport Aviation Infrastructure Partners GP (Nieuport Aviation), a consortium of Canadian and international infrastructure equity investors. Nieuport Aviation comprises InstarAGF Asset Management Inc. (InstarAGF), Kilmer Van Nostrand Co. Limited, Partners Group, and institutional investors advised by

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Latest IAG offer recommended by Board of Aer Lingus

The board of Aer Lingus has recommended acceptance of an increased €1.36bn (US$1.5bn) takeover offer from IAG, who are now left with the problem of allaying any concerns the Irish Government may have in order to gain their approval. “IAG recognises the importance of direct air services and air route connectivity for investment and tourism

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Inauguration of Safran Tech, Safran's new Research & Technology Center

On January 27th, Safran’s new Research & Technology Center, Safran Tech, was inaugurated at France’s leading science and technology cluster, in Saclay, near Paris. Safran Tech will eventually house some 300 scientists and engineers dedicated to research on key disciplines for all of Safran’s business sectors. Safran Tech reflects Safran’s corporate strategy of intensifying and

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CAE to acquire Bombardier’s Military Aviation Training unit

CAE and Bombardier have signed an agreement for CAE’s acquisition of Bombardier’s Military Aviation Training business for approximately CA$19.8m. The closing of the transaction is conditional on usual conditions and regulatory approvals, and if those are obtained closing is expected to occur during 2015. This move significantly enhances CAE’s core capabilities as a training systems

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Aircastle announces increase in Bank Revolving Credit Facility to US$600m

Aircastle increased the size of its existing unsecured revolving credit facility with Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank N.A. and Royal Bank of Canada, as joint lead arrangers, Citibank, N.A. as agent; and Citibank, N.A., Goldman Sachs Bank USA, J.P. Morgan Chase Bank N.A., Royal Bank of Canada, Credit Agricole Corporate

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Gogo on track for record aircraft installs in 2015

Gogo, a leading global aero communications service provider, reported that it’s on track for record aircraft installs in 2015. The company now has a backlog of well more than 1,000 commercial aircraft, more than half of which are expected to be installed in 2015. With the large backlog in commercial aviation and the company’s current

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STG Aerospace appoints new Engineering Director

Aircraft cabin lighting specialists, STG Aerospace, announced the appointment of Neil Thomas as Engineering Director. A graduate in Electronic Engineering, a Chartered Engineer and a Chartered Manager, Neil joins the company having worked in airline cabin and avionics environments for more than 20 years, specialising in leading multi-disciplinary engineering teams and providing the technical interface

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