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Signature Aviation Sells Engine Repair Unit To StandardAero For $230 Million

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Signature Aviation has signed a definitive agreement to sell its engine repair and overhaul division to StandardAero, a U.S.-based MRO specialist owned by Carlyle Group, in a transaction valued at $230 million. The strategic divestment marks an important milestone for Signature as it refocuses on its core operations within the fixed-base operator (FBO) sector serving private and business jet clients worldwide.

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Airlines for America CEO Nicholas Calio to Retire

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SpiceJet Warrant Conversion Rejected by Indian Regulator

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SpiceJet has encountered a regulatory setback as India’s capital market regulator declined a request by the Elara India Opportunities Fund (Mauritius) to convert warrants worth over US$46.8 million into equity shares. The Securities and Exchange Board of India (SEBI) cited non-compliance with beneficial ownership disclosure requirements as the basis for its decision.

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HAECO and Liebherr Sign COMAC C919/C929 MRO Agreement

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HAECO, one of the leading independent aircraft maintenance, repair, and overhaul (MRO) service providers in the Asia-Pacific region, has entered into a significant partnership with Liebherr-Aerospace, a global leader in aircraft system component manufacturing and support. The two companies have signed a component maintenance agreement aimed at supporting the COMAC C919 and C929 aircraft programs, marking a key step in…

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Lufthansa To Retire A340-600 Fleet By Spring 2026

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Lufthansa, Germany’s flag carrier, has confirmed its intention to phase out its Airbus A340-600 fleet by spring 2026. This move comes as part of the airline’s long-term fleet modernization strategy and coincides with the progressive introduction of Boeing 787-9 aircraft into its widebody operations.