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Wheels Up | January 28, 2022
Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced it has reached an agreement to acquire Air Partner PLC (LSE: AIR), a U.K.-based global aviation services group with operations in 18 locations and across four continents. Under the terms of the transaction, Wheels Up will acquire the entire issued and to be issued ordinary share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $107 million. The acquisitio...
WISK | January 25, 2022
Wisk, a leading Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the U.S., has secured $450 million in funding from The Boeing Company, making it one of the most well-funded AAM companies in the world. Combined with previous funding, this investment reinforces Wisk’s strong position as a privately-backed AAM leader and highlights the strength of Wisk’s strategic partnership with Boeing and their collaboration on critical technology ...
VSE Corporation | February 02, 2023
On February 1, 2023, VSE Corporation, one of the leading providers of aftermarket distribution and MRO (maintenance, repair, and overhaul) services for land, air and sea transportation assets for government and commercial markets, announced its Acquisition of Precision Fuel Components, LLC ("Precision Fuel"), in all cash-based transactions, this transaction will directly help VSE's Aviation segment.
Precision Fuel is a Washington-based top-market MRO service provid...
Sine Draco Aviation Technology, Ltd | October 20, 2020
Sine Draco Aviation Development Ltd. ("Sine Draco") today announced the selection of Ascent Aviation Services in Tucson, Arizona, for modification and completion of its prototype A321 passenger to freighter conversion (A321-200 SDF) with FAA approval anticipated in late 2021/early 2022.
The Sine Draco A321-200 SDF passenger to freighter conversion offers the optimal economic solution for the next generation narrow body freighter. Its design includes installation of a 142-i...
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