United Technologies agrees to buy Rockwell Collins for US$30 billion

United Technologies, the jet-engine maker, has agreed to buy Rockwell Collins, the aircraft parts manufacturer, for US$30 billion, including any debt. It has also been confirmed that the Rockwell Collins and UTC aerospace systems operations will be merged to create a new business unit, Collins Aerospace Systems. The basis of the deal will see Rockwell […]

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94% of voting shareholders approve China Eastern and Delta investment in Air France-KLM

The Air France-KLM (the Company) Combined Ordinary and Extraordinary Shareholders’ Meeting was held on Monday, September 4, in order to implement part of the strategic transactions presented on July 27, 2017. More than 54.85% of the shareholders were present or represented at the Shareholders’ Meeting, where all proposed resolutions were adopted, together with a new

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STS Aviation Group purchases state-of-the-art aircraft hangar facility in Florida

STS Aviation Group continues its recent expansion by acquiring the assets of AeroMod International to launch a brand new business known as STS Mod Center. STS Mod Center is fully operational and based out of a 114,500 ft², state-of-the-art hangar facility in Melbourne, Florida. The company employs a highly-skilled team of on-site, and mobile, aircraft

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Kroll Bond Rating Agency assigns investment grade issuer rating of BBB+ to Avolon

Avolon, the international aircraft leasing company, has reported that the Kroll Bond Rating Agency (Kroll) has issued an investment grade issuer credit rating on Avolon Holdings Limited of BBB+ with a stable outlook. Kroll has also assigned a senior unsecured debt rating of BBB to Avolon Holdings Limited.

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Virgin Atlantic becomes first airline in Europe to be fully WiFi connected

Virgin Atlantic has become the first airline in Europe to offer WiFi across its entire fleet – ensuring customers can remain connected across flights to and from the US, Caribbean, Africa, Asia and the Middle East. Since September 1, millions of customers travelling with Virgin Atlantic will be able to email, browse and socialise at

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Rolls-Royce sets new aerospace record with UltraFan Power Gearbox

Rolls-Royce has set a new record for the most powerful aerospace gearbox, just months after testing began. Speaking at the International Society for Air Breathing Engines (ISABE) conference in Manchester, UK, Paul Stein, Chief Technology Officer at Rolls-Royce, confirmed that the Power Gearbox had successfully reached 70,000 horsepower while on test at Rolls-Royce’s dedicated facility

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