Financial

The Supervisory Board of Deutsche Lufthansa AG approved the exercising of a call option to acquire the remaining 55% of shares in SN Airholding, the parent company of Brussels Airlines. It remains the common objective of Lufthansa and Brussels Airlines to conduct the full acquisition of SN Airholding by Deutsche Lufthansa AG after the final […]

Newly formed Orizon Aerostructures has signed an agreement to purchase Spirit AeroSystems’ Chanute operations, expanding on its June announcement to establish an aerospace manufacturing facility in Chanute, Kan. As part of the agreement, Spirit’s Chanute statement of work will transition under the new company name Orizon Aerostructures – Chanute, Inc. Current Spirit employees in Chanute

Nordic Aviation Capital A/S (NAC) continued to record strong double-digit growth in revenue and earnings in the fiscal year 2015/16 and strengthened its position as one of the premier lessor of regional aircraft. Fiscal year 2015/16, ending June 30, 2016 showed a continued expansion of NAC’s business platform through addition of new aircraft, new customers,

Dubai Aerospace Enterprise (DAE) has signed a definitive agreement to acquire 80% of Jordan Aircraft Maintenance Limited from The Abraaj Group. Terms of the transaction were not disclosed. Established in 1963, Joramco has a solid track record as a leading independent commercial aircraft maintenance, repair and overhaul (MRO) facility serving a wide range of customers

Global aeronautical communications provider, Satcom Direct (SD) has acquired AircraftLogs based in Columbus, OH, that offers the latest technology in aircraft flight scheduling software and tax reporting tools for corporate and private flight departments. With the purchase of AircraftLogs, SD adds scheduling and tax capabilities to its Integrated Flight Operations Management portfolio. Founded in 2005,

IAG Engine Center Europe, a division of International Aerospace Group (IAG), a US based leader in the sale, repair and leasing of aircraft engines as well as aircraft replacement parts sales, confirmed that it has completed the acquisition of the engine and component repair business of Alitalia Maintenance Systems (AMS). IAG plans to operate a

Versa Capital Management, a private equity firm focused on control investments in special situations, reported that one of its affiliates has acquired Silver Airways, a Florida-based airline providing flights within its home state and to the Bahamas, as well as to 20 U.S. cities. This month, Silver Airways became one of the first U.S. commercial

GE reported plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG for US$1.4bn. Both companies will report into David Joyce, President & CEO of GE Aviation. Joyce will lead the growth of these businesses in the additive manufacturing equipment and services industry. In addition, he will lead the

Aviation Technical Services (ATS) has acquired Texas Pneumatics Systems (TPS), a company that provides repair and overhaul services for commercial airlines predominantly for pneumatic and fuel related components and systems. Located near Fort Worth, Texas, TPS is a world recognized high-quality repair station with a 20 year proven record that employs an experienced team of

TransDigm Group has entered into a definitive agreement to acquire Young & Franklin and its subsidiaries, including Tactair Fluid Controls. The Company manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about US$75m for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the