Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has acquired certain assets and liabilities from AeroSat Corporation, a supplier of aircraft antenna systems, for $12m in cash, plus the potential for an earn out. Astronics expects the earnout will be between $5 and $20m. AeroSat designs and manufactures
Republic Airways Holdings has entered into a definitive agreement to sell Frontier Airlines to an affiliate of Indigo Partners in an all-cash transaction. Indigo Partners and its principals, led by managing partner William A. Franke, have a history of investing in airline transportation and related industries and creating successful, differentiated companies. Under the terms of
Southwest Airlines (LUV) broke ground Monday, September 30th, on a new international terminal at William P. Hobby Airport (HOU), marking the official start of construction on the $156m project. Once completed, the five-gate facility will accommodate regional international flights for Southwest Airlines, with service reaching destinations in the Caribbean, Mexico, and the northern cities of
Euravia Engineering and Greenwich AeroGroup entered into a partnership agreement to provide Maintenance, Repair and Overhaul (MRO) services for Pratt & Whitney’s PT6A and PT6T engines on fixed and rotor wing aircraft in the United States. According to the agreement, Greenwich AeroGroup will provide through its MRO’s (Atlantic Aero in Greensboro N.C., Summit Aviation in
BOC Aviation placed six Airbus A321 aircraft with EVA Airways, for delivery between March and August 2015. EVA Air has signed the leases as it renews its narrow-body fleet to expand its regional routes. The aircraft will be equipped with CFM engines.
Commsoft, a leader in aviation engineering and maintenance systems, has signed a new five-year contract with Blue Air AMS, the Romanian low-cost airline, for the continued use of Commsoft’s OASES MRO IT system. Originally founded in 2004, Blue Air was the first Romanian airline to be launched with 100% Romanian private equity and its business
The European manufacturer of turboprop aircraft ATR, Indonesia’s national airline Garuda Indonesia and the Danish leasing firm Nordic Aviation Capital (NAC) announced an agreement for the introduction of 35 new ATR 72-600 aircraft into Garuda’s fleet. This new deal for 35 ATRs, involving NAC as lessor for Garuda, includes orders for 25 firm aircraft and
Airbus Military delivered the first production A400M new generation airlifter to the French Air Force, at a ceremony at the Airbus Military Final Assembly Line (FAL) at Seville, Spain on September 30th. The aircraft, the first of 50 ordered by France and of a total of 174 on order, will be based at Orleans –
Air Namibia, the Windhoek based national airline of the Republic of Namibia, has taken delivery of its first A330-200 from Airbus at a ceremony in Toulouse, France. The aircraft is the first of two A330s being leased by Air Namibia from US lessor Intrepid. The airline’s A330 features a two-class cabin layout seating 244 passengers
American Airlines is beginning the process to recruit and hire approximately 1,500 new pilots over the next five years, American’s largest pilot hiring in more than a decade. American will open the job posting Oct. 1, with the first new-hire class expected to begin training this winter. American’s ability to welcome new pilots is a
