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MTU Aero Engines Acquires 3D.aero for Automation and Measurement

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MTU Aero Engines, a leading German aircraft engine manufacturer, has announced the acquisition of 3D.aero, a German company specializing in automation and measurement technology. This strategic move enhances MTU’s capabilities in advanced manufacturing processes and precision measurement, strengthening its position as a technology leader in the aerospace industry.

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IAG Invests to Maintain 20% Stake in Air Europa

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International Airlines Group (IAG), headquartered in the UK, has reaffirmed its commitment to its stake in Air Europa, Spain’s prominent airline. The group announced its decision to participate in Air Europa’s capital increase, contributing $16.8 million to the initiative. This move ensures that IAG retains its 20% ownership in the airline, solidifying its strategic position in the Spanish and broader…

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Aergo Capital Acquires A321 Aircraft Leased to Wizz Air

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Aergo Capital, a prominent Irish aircraft leasing firm, has acquired an Airbus A321-200 aircraft, with serial number 6976, from an investor customer of FPG Amentum, also based in Ireland. The aircraft, currently leased to Wizz Air, a low-cost airline headquartered in Hungary, marks a strategic addition to Aergo Capital’s growing portfolio. This acquisition aligns with Aergo Capital’s objectives to expand…

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El Al Withdraws Bid for 45% Stake in Isracard Due to Deadline Constraints

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El Al, Israel’s flagship airline, has officially withdrawn its bid to acquire a 45% stake in Isracard, the country’s largest credit card company, citing challenges in meeting the regulatory and acquisition requirements before the October 31, 2024, deadline. This retraction marks a strategic shift for El Al, which had initially sought the acquisition to diversify…

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Collins Aerospace Signs 10-Year MRO Contract with Air Europa for B787 Fleet

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Collins Aerospace, a leading aerospace and defense company based in the United States, has entered a 10-year agreement with Spanish airline Air Europa to provide comprehensive maintenance, repair, and overhaul (MRO) services for the carrier’s Boeing 787 Dreamliner fleet.