Hawker Beechcraft (Hawker Beechcraft) reported that the U.S. Bankruptcy Court for the Southern District of New York has approved the company’s motion to enter into exclusive negotiations with Superior Aviation Beijing Co., (Superior). Approval of this motion allows Hawker Beechcraft to spend up to 45 days exclusively negotiating with Superior regarding a strategic combination that […]
Precision Castparts Corp., a worldwide, diversified manufacturer of complex metal components and products, has agreed to acquire certain aerostructures business units and McSwain Manufacturing from Heroux-Devtek Inc. Heroux-Devtek’s aerostructures operations manufacture a wide variety of components and assemblies from aluminum, aluminum-lithium, and titanium, such as bulkheads, wing ribs, spars, frames, and engine mounts. The aerostructures
Precision Castparts Corp. acquires businesses from Heroux-Devtek Read More »
Pratt & Whitney and IAE International Aero Engines (IAE) shareholders, Japanese Aero Engines Corporation and MTU Aero Engines GmbH, announced details of the June 29 closing of Pratt & Whitney’s agreement to purchase Rolls-Royce’s program share in the IAE Collaboration. Pratt & Whitney has increased its program share to 61% and MTU Aero Engines has
Pratt & Whitney becomes majority program shareholder in IAE Read More »
GKN reported its agreement to acquire Volvo Aero (the aero engine division of AB Volvo). Volvo Aero designs, engineers and manufactures components and sub-assemblies for aircraft engine turbines. It supplies all the major aero engine manufacturers and has positions on most major civil aerospace platforms that are set to increase as aircraft build rates ramp
GKN acquires Volvo Aero for £633m Read More »
Wesco Aircraft Holdings, a leading provider of comprehensive supply chain management services to the global aerospace industry, completed the acquisition of substantially all of the assets of Interfast Inc. on July 3, 2012 pursuant to the definitive agreement announced on May 24, 2012. The CDN$134m acquisition was funded via a combination of cash and borrowings
Wesco Aircraft Holdings closes acquisition of Interfast Read More »
Virgin America reported its financial results for the first quarter of 2012. With overall fuel costs higher by 47% year-over-year, the financial pressure of the airline’s industry-leading capacity growth and a revenue shortfall associated with the carrier’s transition to a new reservations system, Virgin America reported a first quarter operating loss of $49 million on
Virgin America reports first quarter 2012 operating loss of $49m Read More »
Rolls Royce confirmed that it completed the restructuring of its participation in International Aero Engines (IAE) Collaboration, which produces the V2500 engine for the Airbus A320 family of aircraft. Rolls-Royce has sold its equity and programme shares in the IAE Collaboration to Pratt & Whitney, a United Technologies Corp. company, for a consideration of $1.5 billion.
Rolls-Royce completes restructuring of International Aero Engines collaboration Read More »
Dublin based aircraft lessor, AWAS, has closed a revolving $120m Pre-Delivery Payment (PDP) Facility. The loan is fully underwritten by Investec Bank and will be used to finance the pre-delivery payments of 20 A320 Family aircraft in AWAS’ order pipeline with Airbus that deliver over the next two years.
AWAS closes $120m Pre-Delivery Payment Facility Read More »
Air Pacific, the national airline of Fiji, has achieved a significant milestone in its transformation plan, posting a return to profit for the first time in three years, with its financial results for the fiscal year ended 31 March 2012. Despite a challenging aviation market over the last 12 months, Air Pacific Ltd. and Air
Air Pacific returns to profit Read More »
B/E Aerospace announced that it has signed a definitive agreement to acquire Interturbine Aviation Logistics GmbH, Interturbine Logistics Solutions GmbH, and Interturbine Technologies GmbH (collectively Interturbine), a leading provider of material management logistical services to global airlines and maintenance, repair and overhaul (MRO) providers. Interturbine is a “One Stop Source,” reducing aircraft downtime for airlines
B/E Aerospace to acquire aerospace logistics expert Interturbine Read More »
