LMI Aerospace Inc.has entered into a merger agreement to be acquired by Sonaca Group, a global aerostructures company headquartered in Gosselies, Belgium. Under the agreement, LMI shareholders will receive $14 per share in an all-cash transaction. Sonaca’s offer represents a 52 percent premium over LMI’s closing share price on Feb. 16, 2017, of $9.19 per share, a 63 perc...
Boeing and Juneyao Airlines announced the finalization of an order for five 787-9 Dreamliners, valued at about $1.32 billion at current list prices. This new order, which also includes options for five more 787-9s, represents the Shanghai-based private airline's first Boeing order and first widebody airplane order. "Our strategic vision is to develop in...
Gulfstream Aerospace Corp. announced that the Gulfstream G650 and G650ER have received type certificate validation from the Civil Aviation Administration of China. The validation confirms the type certificate issued by the Federal Aviation Administration and is one of the last steps required for an aircraft to be registered in a particular country. The additional milestone marks the 26th ...
Textron Aviation announced at Aero India 2017 it has appointed Jubilant Enpro Private Ltd., based in Noida, India, as its newest channel partner, serving as an authorized sales representative in the region for Cessna Citation business jets and Beechcraft King Air and Cessna Caravan turboprop aircraft. “We consistently strive to expand our global capabilities and availability to our custom...
Embraer announced the appointment of Michael Amalfitano as the President and CEO of its Executive Jets business unit. Amalfitano will succeed Marco Tulio Pellegrini, who will assume another leadership position to be announced soon. The change will become effective as of march 1st 2017. “We are thrilled that Michael has decided to join Embraer to lead our Executive Jets busi...
Air India has become the latest A320neo operator after taking delivery of the first of 14 aircraft leased from Kuwait headquartered ALAFCO Aviation Lease And Finance Company, becoming the first CFM powered NEO operator in India. The delivery is also the first NEO for ALAFCO from an order for 85 A320neo Family. The A320neo will join Air India’s existing fleet of 66 A320 Family aircraft....
Cabot Aviation, a division of Air Partner plc and a leading aircraft remarketing agent, will be renamed Air Partner with immediate effect. Air Partner acquired Cabot Aviation in May 2015 and the re-branding is a natural progression in the integration process, reflecting the success to date. Post acquisition, Cabot has been able to offer its clients the benefits of Air Partner’s PLC status...
TAG Aviation has received approval for extended-range twin engine operations (ETOPS) from the UK CAA for the Airbus ACJ A319. The distinctive Airbus (G-OACJ) is a luxuriously appointed long-range business liner that offers passengers top of the range comfort with all the flexibility of a private jet experience. The ETOPS safety certification was granted to TAG Aviation by the UK CAA under Eu...
Pratt & Whitney, a division of United Technologies Corp.,announced that it will invest approximately $386 million in its Columbus, Georgia, facility to increase the production of parts and maintenance services and to reduce costs for new and existing engine programs. The investments will go toward the purchase of automated machinery and equipment upgrades and construction of two new build...
Sikorsky Aircraft, a unit of Lockheed Martin, is in talks with start-up airlines in India to sell its small, twin-turboprop M28 planes as the prime minister Narendra Modi seeks to boost air travel in remote parts of the country with subsidies. The company, better known for its helicopters, has offered to build the passenger planes in India if it gets enough scale, said Sikorsky’s regional...
Aeroflot took delivery of its brand new B737-800 aircraft made by Boeing. The aircraft features the livery of SkyTeam, second largest global airline alliance. Aeroflot is a full-fledged member of SkyTeam since 2006. The 20-member alliance operates on an extensive network embracing 1,062 destinations in 177 countries worldwide. Aeroflot’s Boeing 737-800 has two-class composition with 20...
Buoyed by record production on a new-generation of jet engines, engine components and aircraft systems, GE Aviation investments reached $4.3 billion in its expanding U.S. operations during 2011-2016 with another $1.1 billion invested in its international sites. The U.S. investments include $214 million to establish five new plants in Ellisville, Mississippi; Auburn, Alabama; Asheville, North Ca...
