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SkyThread | October 08, 2021
SkyThread announced a cooperative partnership with SAE International, a Pennsylvania-based global organization serving the mobility sector, predominantly in the aerospace, automotive, and commercial vehicle industries, fostering safety and innovation through industry collaboration.
As part of the partnership with SAE, SkyThread will launch new initiatives and services aimed at improving safety and reliability while also unlocking billions of dollars per year in currently unrealize...
CAE | July 16, 2021
CAE stated today that it will invest C$1 billion in innovation over the next five years. The investment will go toward Project Resilience, a transformation project aimed at developing tomorrow's technologies, such as digitally immersive solutions based on data ecosystems and artificial intelligence in civil aviation, defense and security, and healthcare. CAE will also be able to position itself as a leader in end-to-end technology, operational support, and training solutions for Advanced Air...
AvAir | April 25, 2022
AvAir, a market-leading supplier of inventory management systems for the aviation aftermarket, and Lufthansa Technik have extended their long-term aftermarket sales partnership. This supplement covers a second significant material takeover. The two firms established their first deal in 2020, when AvAir acquired approximately 9,000 line items from Lufthansa Technik's global material pools. The Arizona-based business has added another 9,000 airplane components to its inventory.
Gogo | September 01, 2020
Gogo Inc. (NASDAQ: GOGO) ("Gogo") today announced it has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. (OTC: INTEQ) ("Intelsat") for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support from key econom...
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