Boeing said on Monday it has closed its $4.7 billion takeover of Spirit AeroSystems, re-acquiring the bulk of the world’s largest independent wing and fuselage maker. The U.S. planemaker’s European rival...
Aviation
Boeing looks to close Spirit AeroSystems merger this year as FTC orders divestitures
Boeing said on Wednesday it could close its $4.7 billion acquisition of wing and fuselage maker Spirit AeroSystems by the end of the year after a U.S. regulator said it could proceed, so long as it carried out...
Adani Group eyes aviation training business, planning to acquire pilot training firm FSTC
The Adani Group’s defence and aerospace arm is reportedly in advanced discussions to buy out Flight Simulation Technique Centre (FSTC), signalling its first big move into the pilot training business. According to a...
Portugal says only Europe’s three largest airlines showed interest in TAP privatisation
Portugal’s state holding company Parpublica said on Saturday it had received only three expressions of interest in a minority stake in flag carrier TAP, all from Europe’s largest airlines and none from...
Germany set to approve $3.5 billion defence package with Airbus and others, Bloomberg News reports
Germany is set to approve defence equipment purchases worth more than $3.47 billion, including 20 light combat helicopters from Airbus SE, Bloomberg News reported on Saturday, citing a government document. The report...
Qatar Airways sells entire Cathay Pacific stake for $897 million
State-owned Qatar Airways has decided to sell its entire stake in Cathay Pacific Airways for about $897 million (HK$6.97 billion), marking its complete exit from Hong Kong’s flagship airline after eight years...
TASE Global acquires US aerospace firm Joined Alloys for Rs 106 crore
Trusted Aerospace Engineering (TASE Global), based in Chennai, has announced the completion of its acquisition of Joined Alloys, a leading US-based firm specialising in aerospace manufacturing, special processes, and...
Boeing gains EU antitrust nod for $4.7 billion Spirit AeroSystems deal
Boeing secured EU antitrust approval on Tuesday for its $4.7 billion acquisition of Spirit AeroSystems after agreeing to sell some Spirit businesses to address competition concerns. The deal announced last year aims to...
Boeing set to win conditional EU okay for $4.7 billion Spirit deal, sources say
Boeing is set to gain EU antitrust approval for its $4.7 billion acquisition of Spirit AeroSystems, with remedies to address EU concerns expected to include sales of some of the latter’s businesses, people with...
Brazilian airline Gol’s controller ends talks for potential merger with Azul
Airline Gol said on Thursday that its controlling shareholder, Abra Group, has notified peer Azul of its decision to end talks for a potential business combination between the two Brazilian carriers. “The parties...
Spirit Airlines files for second bankruptcy in a year as financial challenges persist
U.S. no-frills pioneer Spirit Airlines filed for bankruptcy protection on Friday for the second time in a year after a previous reorganization failed to put it on firmer financial footing. The Florida-based carrier...
Turkish Airlines says Spain’s Air Europa accepts its offer to buy a minority stake
Turkish Airlines said on Tuesday that its offer for the acquisition of a minority stake in Spanish airline Air Europa has been accepted. The Turkish flag carrier disclosed in June that it was holding non-binding talks...
