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Latest News
- 10/19/2018 - EMBRAER delivered 39 aircraft (15 E-Jets/24 Executive Jets) in 3Q18 vs 45 (25/20) in 3Q17, and 112 (57 E-Jets/55 Executive Jets) in Jan-Sept vs 137 (78/59) a year ago. It has $13.6b backlog.
- 10/18/2018 - GREYBULL CAPITAL has taken majority ownership of MONARCH AIRCRAFT ENGINEERING as part of restructuring; MAEL's lenders PNC will continue to provide facilities and support.
- 10/17/2018 - BOEING forecasts need for 980 new freighters worth $280b and 1,670 converted freighters over the next 20 years to increase fleet from 1,870 to 3,260 aircraft to support 4.2% annual traffic growth.
- 10/16/2018 - KUWAIT AIRWAYS ordered eight Trent-powered A330-800s.
CARLYLE GROUP agreed to acquire APOLLO AVIATION, which has owned/managed/committed fleet of 243 aircraft, and rename company CARLYLE AVIATION PARTNERS.
Singapore's GIC acquired significant minority stake in NORDIC AVIATION CAPITAL, which has owned/managed fleet of 468 aircraft, joining NAC's founder, Martin Møller, and EQT VI as owners. - 10/15/2018 - NETJETS took option to acquire up to 175 Cessna Citation Longitudes starting 2H19 and (as launch customer) up to 150 clean-sheet Cessna Citation Hemispheres from Textron Aviation.
HONEYWELL forecasts delivery of 7,700 business jets worth $251b in 2018-2028 (down from 8,300 worth $249b in 2017's 10-year forecast), including 630-640 in 2018.
EMBRAER introduced new HTF7500E-powered Praetor 500 midsize and Praetor 600 super-midsize business jets at NBAA Convention. - 10/14/2018 - HARRIS CORPORATION and L3 TECHNOLOGIES agreed to combine in all-stock merger of equals to create L3 HARRIS TECHNOLOGIES, the 6th largest defense company in US.
- 10/10/2018 - TRANSDIGM GROUP agreed to purchase ESTERLINE TECHNOLOGIES in deal valued at $4b.
- 10/9/2018 - BOEING completed acquisition of Miami-based KLX AEROSPACE SOLUTIONS (fastener/consumables distributor).
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