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McDonald Property Group | December 24, 2021
The Ontario International Airport Authority (OIAA) Commission voted unanimously today to authorize a Development and Entitlement Agreement that will lead to a ground lease for approximately 198 acres of surplus property at the Southern California airport. The 55-year lease will generate approximately $275 million over the first 10 years, which will support ongoing airport improvements while keeping costs down for airlines.
The OIAA determined the property, located east of Haven Av...
Kaman | May 30, 2022
Kaman Corporation announced that it has entered into a definitive agreement with Parker-Hannifin Corporation under which Kaman will acquire Parker’s aircraft wheel & brake division for $440 million, subject to a customary working capital adjustment and the receipt of all necessary regulatory approvals (the “Transaction”). Parker is divesting Aircraft Wheel & Brake in order to secure approval from certain governmental authorities in connection with Parker’s previou...
Delta | April 23, 2020
Delta and United have reported their first quarterly losses in more than five years. Their competitors are also expected to release dismal results in the coming weeks. The next few months look even more painful for the sector as the coronavirus pandemic saps air travel demand during what is normally the most lucrative time of year.
Air travel has dropped by more than 95% as the Covid-19 pandemic spreads around the U.S. Now, states hard-hit by the pandemic like New York are extendi...
Boeing | October 19, 2020
A consistent theme in the airline industry right now is to minimize capital expenditures. This means pausing aircraft retrofits, airport improvements, aircraft purchases, and more. However, some airlines are going ahead and continuing some of these purchases. United Airlines is one of them, with plans to continue Boeing 787 retrofits.
In August, United’s team decided to resume work on Polaris and Premium Plus retrofits to the Boeing 787-8 and 787-9 Dreamliner fleet. Before the crisi...
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