Hi-Tec Systems

Atlas Air | September 07, 2020

On September 5th, an Atlas Air 767-300 heading from Honolulu (Hawaii) to the US territory of Guam was forced to divert back to Honolulu. The decision was made after the aircraft’s right-hand engine had suffered repeated engine surges/compressor stalls. While the plane landed safely and no injuries were reported, some terrifying passenger video of the engine emitting flames was posted to the internet....

Simple Flying | February 11, 2020

Air Italy has announced that it will suspend operations from the 25th of February. The Italian carrier will be liquidated following a meeting of shareholders today. Qatar Airways is a key shareholder in the airline, owning 49%. Earlier today many publications were reporting the possibility of liquidation. These were clearly well informed as the airline has officially announced that it will not operate after the 25th of February. Those with bookings beyond this date will be refunded, with flights...

AEROSPACE

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...

AIRPORT MANAGEMENT

StratX | March 14, 2022

Making the firm’s first-ever appearance at the International Society of Transport Aircraft Trading Americas conference, Strategy X Partners (“StratX”) detailed the accelerating growth trajectory for its workforce analytics and strategy advisory business, which assists aviation clients in transforming their operations and ensuring their employees are productive, innovative, and engaged. “The most important asset across all sizes of organizations is their peo...