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 ("UAV") and Intelligence, Surveillance and Reconnaissance ("ISR") technology, which was acquired by AEI in January of 2021.
As part of the transaction, JAI CEO John...
Eviation Aircraft | September 15, 2021
Eviation Aircraft, a global manufacturer of all-electric aircraft, today announced a partnership with Clay Lacy Aviation to provide electric charging as part of its Fixed Based Operator (FBO) network of services. The partnership is the first FBO agreement for Eviation that will allow for the charging of Alice, its all-electric aircraft, at all Clay Lacy Aviation FBOs in preparation for the plane's expected entry into service in 2024.
For more than 50 years, Clay Lacy Aviation has offered aircraft management, charter, maintenance, avionics, interiors, aircraft cleaning and FBO services which will now include electric aircraft charging. In 2020, the company developed a compr...
Avia Solutions Group | September 14, 2021
Avia Solutions Group is pleased to announce it has entered into a strategic partnership with Certares Management LLC, a leading US-based investment specialist dedicated to the travel, tourism and hospitality sectors, in which Certares will provide a €300 million structured equity investment.
The investment will help enable the next phase of Avia Solutions Group's growth plan for services in passenger and cargo aviation, maintenance and engineering, crew training, ground handling and logistics. Avia Solutions Group intends to use the net proceeds from this offering for strategic acquisitions, capital expenditures and general corporate purpose. The partnersh...
Honeywell | September 13, 2021
United and Honeywell today announced a joint multimillion-dollar investment in Alder Fuels – a cleantech company that is pioneering first-of-its-kind technologies for producing sustainable aviation fuel (SAF) at scale by converting abundant biomass, such as forest and crop waste, into sustainable low-carbon, drop-in replacement crude oil that can be used to produce aviation fuel. When used together across the fuel lifecycle, the Alder technologies, coupled with Honeywell's Ecofining™ process, could have the ability to produce a carbon-negative fuel at spec with today's jet fuel. The goal of the technologies is to produce fuel that is a 100% drop-in replacement for petrole...