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Airbus Helicopters to acquire ZF Luftfahrttechnik to boost MRO capabilities
Airbus Helicopters has entered an agreement with German firm ZF Friedrichshafen to acquire ZF Luftfahrttechnik to strengthen its maintenance, repair, and overhaul (MRO) capabilities.
Business travel consolidation is set to strike the industry
TMCs will look to consolidate as business travel is reduced by the COVID-19 pandemic.
Voyager acquires majority control of XO Markets
Voyager Space has completed the purchase of a majority interest in commercial space holding company XO Markets.
Air Canada terminates arrangement agreement for proposed acquisition of Transat
Flag carrier Air Canada has terminated arrangement agreement for the proposed acquisition of Transat AT (Transat), a Canada-based tour operator.
IATA expresses concern over AerCap’s acquisition of GECAS
The International Air Transport Association (IATA) has reportedly expressed concern over the proposed deal between Ireland-based AerCap and GE Capital Aviation Services (GECAS).
Boeing and 777 Partners reach agreement for 24 737 MAX aircraft
Boeing has secured an order for 24 737-8 MAX aircraft from US-based private investment firm 777 Partners.
AerCap confirms talks to acquire GE’s aircraft-leasing business
Ireland-based AerCap has confirmed that it is in talks with multinational conglomerate General Electric (GE) to acquire the latter's aircraft-leasing business.
Norway suspends proposed divesture of Bergen Engines by Rolls-Royce
The Norwegian Government has suspended the proposed sale of Rolls-Royce subsidiary and engine manufacturer Bergen Engines to Russia’s TMH Group, citing security reasons.
Virgin Galactic chairman divests $213m worth of shares
Space travel company Virgin Galactic chairman Chamath Palihapitiya has divested his remaining stake in the firm.
Surf Air Mobility to purchase US company Ampaire
US-based private aviation firm Surf Air Mobility has agreed to acquire hybrid electric aviation technology provider Ampaire.
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