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Bahrain Mumtalakat Holding Co., the sovereign wealth fund of the Kingdom of Bahrain, has acquired a significant minority stake in Axtmann Aviation Holding.
Embattled aerospace supplier Triumph Group has struck a deal with creditors that could lead to insolvency for its Vought Aircraft unit, whose roots date to the dawn of powered aviation.
Textron Aviation won’t confirm it, but multiple sources say production appears to have been suspended at Textron Aviation’s plant in Independence, Kansas, after a rise in popularity of the Citation M2.
A year after its acquisition of aviation sales firm Kansas Aircraft Corp., JetAviva is moving its operations and headquarters from Austin, Texas, to the Kansas City area.
FAI rent-a-jet, doing business as Flight Ambulance International, has added a fourth Bombardier Global Express and a sixth Bombardier Challenger 604 to its fleet.