Signature Aviation, which operates Signature Flight Support, the world’s largest FBO chain, has accepted a cash offer of $4.63 billion from Global Infrastructure Partners for the business, the company said Jan. 11.
At the close of a tumultuous 2020, several private charter specialists paint a picture of positivity around the sector that suggests better times will follow as COVID-19 vaccination programs begin to be rolled out worldwide.
Aerospace supplier Moog has acquired avionics provider Genesys Aerosystems of Mineral Wells, Texas, from McNally Capital and Genesys managers for about $77.7 million, the companies announced late Dec. 21.
Blackstone is in talks with Signature Aviation for a possible takeover bid of $5.17 per share of Signature stock, Signature confirmed in a statement, noting the recent movement in its share price.
Private aircraft fleet operator Luxaviation Group on Dec. 10 announced an agreement with the management of Lugano Airport, Switzerland, to establish flight connections to Geneva and Bern.
After organizing controllers into work crews earlier in 2020 to protect against COVID-19 infections, the FAA is allowing more staffing flexibility at its air traffic control (ATC) facilities.
Signature Flight Support has pumped the first ceremonial gallons of sustainable aviation fuel (SAF) at the first two locations in its network, marking the launch of the renewable fuel’s continuous availability for purchase.
While engineers at airframers and engine manufacturers, particularly in Europe, are busy advancing hydrogen technology for use in commercial aircraft propulsion, airports have begun studying a transition from conventional fuel.
Aerospace and defense supplier Curtiss-Wright announced Dec. 3 that Lynn Bamford, currently president of the company’s Defense and Power Segments, will become CEO on Jan. 1 under a planned transition that sees current CEO and Chairman David Adams retiring by May 2022.
Tamarack Aerospace Group is adding a third facility, this time at Aiken Regional Airport in South Carolina, for the installation of its Active Winglets, as it works to keep up with a growing business.
Aéro Montréal said the Canadian government has not reached out enough to the country’s aerospace supply chain, although a recent $1 billion investment pledge over two years to assist regional air transportation and airports is a good signal.
Supersonic aircraft developer Boom Technology has said it is using Amazon Web Services (AWS), including the company’s cloud-based high-performance computing (HPC) capability, to accelerate the design and construction of the XB-1 demonstrator and the follow-on Overture airliner.
More than 170 companies have signed on as exhibitors for the National Business Aviation Association’s virtual conference Dec. 2-3, as part of its VBACE event.
There is no getting away from the myriad difficulties businesses and individuals have faced in 2020, but there are reasons for cautious optimism as the year draws to a close.
Unlike during the economic downturn of the late 2000s, business aircraft owners have not rushed to sell their assets in the COVID-19 pandemic, noted Rob Scholl, Textron Aviation senior vice president of sales and marketing.
By William Garvey, Jessica A. Salerno, Molly McMillin
Aerostructures giant Spirit AeroSystems struck a 45% cash discount with Bombardier for the latter’s Short Brothers capacity in Northern Ireland, as well as Bombardier Aerospace North Africa and most of a Texas MRO site.
By William Garvey, Jessica A. Salerno, Molly McMillin
AML Global Eclipse reached an agreement with One Aviation Corp. in October to buy the assets of Eclipse Aerospace and the Eclipse Aircraft project for a proposed $5.25 million.
Textron, parent company to Textron Aviation, Bell and other subsidiaries, has rejected a “purported” tender offer from London-based Xcalibur Aerospace to acquire Textron common stock, the company says.
In 2019, the business and commercial aviation sectors were promoting career pathway programs as a hedge against the yawning gap in pilot supply and demand expected in the coming decades.
Triumph Group will at least announce the sale of the rest of its aerostructure business before April 2021, if not close on the deal, the supplier’s chief executive asserted Nov. 5.
