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Unical Aviation | July 20, 2021
Platinum Equity announced that it has signed an agreement to acquire Unical Aviation Inc. and certain of its affiliates from affiliates of the company's founders. Unical Aviation Inc. is a major supplier of aircraft parts and components to the global commercial aerospace industry.
Unical Aviation, Unical MRO, Unical 145, and Unical Aero are all part of the deal. The sale to Platinum Equity does not include Unical Defense Inc., a subsidiary that handles government defense contr...
Businesswire | June 22, 2023
Surf Air Mobility Inc. (“Surf Air Mobility” or “Surf Air”), a regional air travel company aiming to sustainably connect the world’s communities, today announced they have updated their investment commitment from Luxembourg-based Gem Global Yield LLC SCS (“GGY”) pursuant to a share subscription facility and entered into an additional 1,000,000 share purchase agreement with GGY at $25 per share to be funded upon Surf Air Mobility becoming a public co...
Southern Company | December 15, 2022
Southern Company's Aerial Services and Mississippi State University's Raspet Flight Research Lab recently reached a milestone on a joint research project that will help expand Southern Company's use of unmanned aircraft systems (UAS) to map critical infrastructure, assess weather-related damage and conduct routine utility inspections. At a proof-of-concept demonstration in Bay Minette, Ala., the team showcased the capabilities of a large UAS with integrated sensors to gather data tha...
Spirit | July 17, 2020
The brief bout of recovery recently witnessed in air travel demand while social lockdowns were being lifted and travel restrictions eased seems to have stalled once again amid the rising tide of new COVID-19 cases in the U.S., particularly in western and southern parts of the country. Although Americans are eager for an escape after months of stay-at-home orders and tempted to take advantage of the summer months when they typically vacation, the virus’ strong resurgence and uncontrolled co...
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