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Spirit AeroSystems Wichita, Kansas facility © Shutterstock

Spirit AeroSystems announces job cuts amid financial challenges

In response to mounting financial difficulties and a decline in deliveries to Boeing Co., Spirit AeroSystems Holdings Inc. intends to trim its workforce by approximately 450 employees at its Wichita, Kansas headquarters. The reduced production of 737 Max airframes and other components has necessitated a downsizing, according to a spokesperson representing the company. Affected staff […]

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FLYHT and MBS have developed a secure wireless avionics software and onboard data loading solution © Shutterstock

FLYHT partners with MBS for secure avionics software solution

FLYHT Aerospace Solutions (FLYHT) has announced a partnership with MBS Electronic Systems GmbH & Co. KG (MBS), a provider of secure data loading solutions that enable compliant avionics software maintenance and safer flight operations. The two companies have been collaborating to develop a secure wireless avionics software and onboard data loading solution, and on May

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ACE Aviation sells remaining units of Aeroplan- and Jazz Air Income Fund

ACE Aviation Holdings has sold in the market a total of 19,892,088 units of Aeroplan Income Fund for total net proceeds to ACE of approximately $349.3 million and a total of 11,726,920 units of Jazz Air Income Fund for total net proceeds to ACE of approximately $85.0 million. ACE retains no further interest in Aeroplan

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ACE Aviation Holdings reports final results of its substantial issuer bid

ACE Aviation Holdings released the final results of its offer to purchase Cdn$1.5 billion of its Class A Variable Voting Shares and Class B Voting Shares, which expired at 5:00 p.m. (Montreal time) on January 10, 2008. Based on final reports from CIBC Mellon Trust Company, the depositary under the offer, ACE confirmed that it

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