Air Transport Services Group (ATSG) has officially completed its acquisition by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The deal, structured as an all-cash transaction, assigns ATSG an enterprise valuation of approximately US$3.1 billion, signaling a major move within the logistics and air transport sectors.
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Heston Materials, based in Lithuania, has announced the creation of a new Engines Division. This expansion is underscored by the appointment of Semih Ozdemir to lead this newly established division.
Air Greenland has entered into a six-year lease agreement with Carlyle Aviation Partners (Ireland) for the addition of an A320neo to its fleet. The aircraft is set to be delivered in December 2026 and will play a key role in enhancing connectivity between Copenhagen and Ilulissat’s new airport.
SIA Engineering Group (SIAEC), a leading provider of MRO (maintenance, repair, and overhaul) services based in Singapore, has reported a robust financial performance for the first half of its fiscal year 2024/25. The Group achieved a 16% increase in net profit, reaching US$52.2 million, compared to the previous period. This growth reflects the strong operational…
Airbus, the European aerospace giant, has reaffirmed its financial and delivery forecasts for 2025, despite acknowledging that supply chain pressures and ongoing trade tensions could influence its performance. The company remains cautiously optimistic about meeting its production goals but flagged challenges that may arise due to global economic and geopolitical conditions.
HAECO, a global provider of aircraft engineering and maintenance services based in Hong Kong, has entered into a new agreement with PAL Express, the low-cost carrier of Philippine Airlines, to provide base maintenance services for its narrowbody fleet of Airbus A320 and A321 aircraft. The agreement will commence in 2025, further solidifying HAECO’s presence in the Asia-Pacific region.
Indaer Europe has officially received Continuing Airworthiness Management Organization (CAMO) approval from the Civil Aviation Authority of the Cayman Islands (CAACI). This certification allows Indaer Europe to oversee airworthiness management services for aircraft registered under the Cayman Islands registry, further expanding its global regulatory approvals.
