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PhocusWire | February 18, 2020
Lufthansa Group and Amadeus have renewed their long-term commercial partnership, giving the carrier access to the Altea passenger service system as well as a range of other digital services. While the deal was agreed in principle about a year ago, Amadeus says it has taken time to negotiate various elements included in it. The Altea system will continue to provide its reservations and ticketing technology as well as inventory and disruption management to Lufthansa....
KKR, AV AirFinance | June 14, 2021
KKR, a global investment firm, announced AV AirFinance Limited, a global commercial aviation loan servicer founded by a team of seasoned industry professionals in collaboration with KKR. The new secured loan servicing platform includes stable, long-term capital with decades of experience structuring commercial aircraft loan transactions to provide unique and innovative financing options to commercial aviation clients worldwide.
KKR and AV AirFinance have agreed to buy a nearly $80...
Delta | September 24, 2020
Delta announced it is extending some loyalty benefits put in place this year into 2021 to allow more SkyMiles Members the opportunity to use the benefits they earned but were not able to this year because of COVID-19.
All SkyMiles Members will have any change or cancellation fees waived for flights booked from March 2020 through to the end of this year. Cancellation or changes made to flights purchased using miles will no longer result in the loss of those miles....
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...
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