Aerospace

Platinum Equity to Acquire Unical Aviation

Platinum Equity announced that it has signed an agreement to acquire Unical Aviation Inc. and certain of its affiliates from affiliates of the company's founders. Unical Aviation Inc. is a major supplier of aircraft parts and components to the global commercial aerospace industry.

Unical Aviation, Unical MRO, Unical 145, and Unical Aero are all part of the deal. The sale to Platinum Equity does not include Unical Defense Inc., a subsidiary that handles government defense contracts. The financial details were not disclosed.

Platinum Equity, a global investment company headquartered in Los Angeles with more than $25 billion in assets under management, has extensive experience investing in supply chain and logistics businesses, particularly those in the aviation industry. Unical will operate as a separate entity within Platinum Equity's portfolio.

Unical is one of the leading providers of new and used serviceable material to the global aerospace industry, with over 85 million parts in stock and over 1.3 million unique airframe and engine part numbers. Commercial airlines, cargo operators, aircraft lessors, aviation maintenance, repair, and overhaul (MRO) businesses use the company to source, re-certify, and resell aircraft components. In addition, Unical's repair stations are vertically integrated, giving it a competitive edge with quick-to-market service.

Unical, founded in 1990 and based in the City of Industry, California, employs over 450 people and serves over 2,100 aviation clients worldwide via a network of dedicated facilities in the United States, Europe, and Asia.

About Unical Aviation
Unical Aviation is a provider of aftermarket parts and aviation solutions with over 2,100 clients in 91 countries. Unical MRO, with two hangars totaling 125,000 square feet at San Bernardino International Airport, is an FAA 145 Repair Station that offers parking, storage, repair, and demolition for commercial and military airplanes. Unical 145 is an FAA 145 Repair Station specialized in mechanical, hydraulic accessories, aerostructures, landing gear, and parts for Boeing, Airbus, McDonnell Douglas, and Bombardier. Unical Aero is an FAA Approved Parts Manufacturer company with non-OEM, FAA-certified parts, components design, engineering, and manufacturing capabilities.

About Platinum Equity
Platinum Equity, established in 1995 by Tom Gores, is a global investment company with more than $25 billion in assets under management and a portfolio of approximately 40 operating companies serving customers worldwide. In addition, platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focusing on lower middle-market investment opportunities, are currently investing. Platinum Equity specializes in mergers, acquisitions, and operations (M&A&O), acquiring and operating companies in a wide range of business markets such as manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and others. Platinum Equity has completed over 300 acquisitions in the last 25 years.

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Air Transport, Cargo Management, Airport Management

Delta Cargo launches e-commerce solution DeliverDirect in collaboration with SmartKargo

PR Newswire | February 01, 2024

Delta Cargo is excited to announce the launch of its newest product, DeliverDirect, developed in collaboration with SmartKargo. DeliverDirect is a door-to-door delivery service for the U.S. market, offering a competitive and customizable solution for e-commerce retailers seeking to optimize their direct-to-consumer shipping solutions. With DeliverDirect, Delta Cargo pioneers an innovative domestic carrier approach, providing swift service with transparent pricing for e-commerce and small parcel delivery. From initial warehouse pickup to delivery at the end consumer's doorstep, DeliverDirect is a fast, seamless, end-to-end service that upgrades traditional ground or air shipping services utilized by most current e-tailers. Small package shippers will benefit from increased shipping speeds, an uncomplicated pricing structure, proactive alert management, transparent tracking and reporting, and access to Delta's vast domestic network. "We are thrilled to introduce DeliverDirect, our new offer for the small parcel delivery market," shared Alison Ricker, Managing Director, Delta Cargo Global Sales. "Through our strategic collaboration with SmartKargo, DeliverDirect gives e-tailers an alternative transportation solution that fits their customers' requirements, and we envision that this service will prove to be a fast, reliable and cost-effective solution." The DeliverDirect offering can be tailored to shippers' needs with a variety of service innovations that empower customers to customize according to their unique preferences. These service innovations include: personalized pick-up times, geo-fenced notifications for consumers, multiple delivery attempts, signature-required deliveries, proof of delivery with photos, and access to advanced reporting features for a complete comprehensive service that aligns seamlessly with a variety of needs. "E-commerce shippers are looking for simple, faster and more reliable alternatives to deliver their products to consumers. Delta Cargo has a vision for small package delivery that will transform the U.S. market and continue to diversify their already robust offering in the air cargo market. Their innovative approach makes them a fantastic partner for SmartKargo, and we look forward to growing this service together," stated Milind Tavshikar, CEO and Founder of SmartKargo.

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Commercial Aviation, Cargo Management

B&H Worldwide Secures Vital Logistics Contract with Flair Airlines

EIN Presswire | January 29, 2024

B&H Worldwide, a global leader in aerospace and aviation logistics, is delighted to announce the successful acquisition of a new contract with Flair Airlines, a leading Canadian ultra-low-cost carrier headquartered in Edmonton, Alberta. Flair Airlines, known for its scheduled passenger and chartered services with a fleet of Boeing 737 aircraft, has selected B&H Worldwide as its trusted logistics partner. Under this agreement, B&H Worldwide will provide critical support to Flair Airlines, including Aircraft on Ground (AOG) assistance, Import/Export Clearance, and deliveries. The scope of the partnership extends to cover key regions, with a focus on Canada, the USA, and Australia. Gary Wilson, Group Managing Director of B&H Worldwide, expressed his enthusiasm, saying, "We are honoured to have been chosen by Flair Airlines to provide logistics services. This partnership signifies our commitment to delivering high-quality solutions to the aerospace industry. B&H Worldwide is poised to support Flair Airlines' operations seamlessly and contribute to their success." To ensure a smooth and efficient import/export process, B&H Worldwide has developed a customized Standard Operating Procedure (SOP). This SOP not only facilitates a streamlined logistics process but also outlines key contacts and support points tailored to Flair Airlines' specific needs. Furthermore, it establishes service standards that align with the airline's shipment requirements. Gary Wilson added, "Our bespoke service is a testament to our dedication to meeting the unique demands of Flair Airlines. We are committed to providing not only exceptional logistics services but also a partnership built on trust and collaboration." B&H Worldwide will leverage their philosophy of custom processes to support Flair Airlines in their logistics operations, working closely with their supply chain team. The first successful logistics project, a COMAT shipment, included a total of 17 pallets containing aviation parts (non-Dangerous Goods), 737 main wheels, 737 nose wheels, 737 brake in a clamshell, and Inflight training equipment. In a notable milestone, Flair Airlines loaded their own Boeing 737-800 MAX aircraft with materials destined for Australia. The 737-800 MAX aircraft departed from Calgary, Canada, and successfully landed in Coolangatta, Australia. B&H Worldwide played a crucial role in facilitating the clearance process in Australia. Vladan Nikolic, Director of Material Supply Chain for Flair Airlines, expressed his satisfaction with B&H Worldwide's performance, stating, "The B&H Australian team's professionalism and responsiveness during the first logistics project was impressive. We have full confidence in their capabilities, and I look forward to continued collaboration at this high service level." B&H Worldwide remains committed to delivering top-tier logistics solutions, and the partnership with Flair Airlines further solidifies the company's position as a trusted leader in aerospace and aviation logistics.

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Aerospace, Defense and Space, Aviation Technology

Liberty Defense Announces First Sale of HEXWAVE to an International Airport in Asia Pacific

Newswire | January 22, 2024

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Aerospace, Defense and Space

Hanwha at WDS 2024: Pioneering Global Defense Capabilities and Partnerships for Vision 2030

PR Newswire | February 05, 2024

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