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Air Transport
Pratt & Whitney | December 05, 2022
Pratt & Whitney, a Raytheon Technologies business, has won a $115 million contract for the F135 engine enhancement effort, also referred to as an engine core upgrade.Upgrades like this are a normal part of any major defense program and the F135 engine has been pushed beyond its original specifications for too long," said Jill Albertelli, president of Pratt & Whitney's Military Engines business. "The F-35 engine core upgrade saves taxpayers $40 billion in lifecycle costs and...
Commercial Aviation
AE Industrial Partners | September 16, 2021
AE Industrial Partners, LP ("AEI"), a US-based private equity firm specializing in aerospace, defense & government services, space, power generation, and specialty industrial markets, announced today that it has expanded its Unmanned and Autonomous platform through the acquisition of Jennings Aeronautics, Inc. ("JAI"), a leading provider of innovative Small Unmanned Aerial Systems . JAI will be combined with UAV Factory, a global leader in tactical Unmanned Aerial Vehicle...
VietJet | June 14, 2020
A VietJet A321 skidded off the runway earlier today upon arrival at Ho Chi Minh City after adverse weather conditions. The aircraft had been serving a domestic route from on a flight that lasted just under one hour. Officials have now closed the runway at Ho Chi Minh, putting both of its runways out of action....
Aviation Technology
Wheels Up | April 04, 2022
Wheels Up Experience Inc., the leading brand in private aviation, today announced it has officially closed its acquisition of Air Partner plc, a U.K.-based global aviation services group with operations in 18 locations and four continents. Under the terms of the transaction, and following stockholder and regulatory approval, Wheels Up has acquired the entire issued share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $109 million. ...
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