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HEICO Corporation acquires majority of growing niche technology component maker

HEICO Corporation has announced that its Electronic Technologies Group has acquired approximately 80% of the capital stock of technology component company Ironwood Electronics (Ironwood) for cash paid at closing, plus an additional cash consideration to be paid if Ironwood meets certain earnings targets. The balance of Ironwood’s shares will continue to be owned by Ironwood’s

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Caribbean Airlines Cargo now live on CargoAi

Freight forwarders worldwide can now access and use www.cargoai.co for eQuotes and eBookings for all destinations served by Caribbean Airlines Cargo worldwide, including, but not limited to, Trinidad, Jamaica, Guyana, and Barbados. “CargoAi is delighted to announce that Caribbean Airlines Cargo successfully went live on the www.cargoai.co platform on 08 June 2022. Caribbean Airlines has

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ST Engineering to set-up test cell capability for LEAP-1B engine

ST Engineering has released that its Commercial Aerospace business will expand its MRO solutions for the LEAP-1B engine with test cell support, which is expected to be ready by end-2023. The expansion into LEAP-1B test cell capability follows the setting up of quick-turn services for the engine in February this year and the receipt of

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Tony Kondo joins Werner Aero

Tony (Toshinori) Kondo has joined Werner Aero as Executive Vice President. He is expected to be instrumental in leading the company in its next business phase. Prior to joining Werner Aero, Kondo spent the past 14 years in the aircraft and engine leasing business within Sumitomo Corporation. In 2014, he was a founding member of

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The legal dispute centred on pricing disagreements over Honeywell’s HTF7000 turbofan engines, developed exclusively for Bombardier’s Challenger jets © Bombardier

Bombardier sells one Challenger 3500 jet

Bombardier has announced the sale of one Challenger 3500 business jet to Italian-based operator, Air Corporate SRL. This will be the first company to offer the aircraft for charter in Europe. Introduced in 2021, the new Challenger 3500 aircraft offers a unique blend of performance, advantageous operating costs, ultimate cabin experience and smooth ride, making it an ideal choice for the European charter market.

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Aergo Capital remarkets two B787-9 aircraft to go on lease to Air Premia

Aergo Capital (Aergo) has remarketed two B787-9 aircraft, bearing manufacturer serial numbers 63314 and 63315, to be delivered on operating lease to Air Premia. The transaction is being executed on behalf of UKEF, with the lease agreement signed on August 4, in Singapore. Aergo Capital has acted as the asset manager and remarketing agent with

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GA Telesis names Rainford Knight, PhD Chief Digital Transformation Officer

GA Telesis, LLC, the pioneering leader in integrated aviation services, has named Rainford Knight, PhD as Chief Digital Transformation Officer (CDxO). Dr. Knight will be charged with developing and leading strategy-driven digital innovation that will drive the organisational transformation of the GA Telesis ecosystem. Working with GA Telesis’ in-house global technology team, he will develop

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SIA Group posts first-quarter operating profit of SG$556 million

SIA Group has posted a record first-quarter operating profit of $556 million, which was also the second-highest quarterly profit in its history. This came as the demand for air travel rose sharply after Singapore fully opened its borders to vaccinated travellers in April 2022. SIA and Scoot carried 5.1 million passengers during the quarter –

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