Bombardier Commercial Aircraft has secured a $332m contract from Ethiopian Airlines for the supply of ten Q400 turboprop aircraft.
The deal also includes purchase rights for five more Q400 aircraft.
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The state-owned airliner intends to enhance the passenger experience by improving operational efficiency through the introduction of the new aircraft.
SilkAir has awarded an S$484m ($364m) contract to SIA Engineering Company (SIAEC) for the maintenance, repair and overhaul (MRO) of its new Boeing 737 MAX aircraft.
SIAEC will provide the MRO services for a period of 12 years, with a possible option of extending the contract by five years.
The company also delivers MRO services to SilkAir’s Airbus A320 and Boeing 737-800 fleet under an existing contract.
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By GlobalDataST Aerospace and Vietnam Airlines have signed a memorandum of understanding to form a joint venture (JV) to offer component MRO services to the aviation industry.
The JV will operate from the Noi Bai International Airport in Ha Noi, Vietnam. It will offer MRO solutions to A320CEO and A321NEO aircraft of the Vietnam Airlines and other carriers.
Vietnamese Airlines intends to reduce repair and maintenance time and enhance operational efficiency through the new JV.
Star Navigation Systems Group has secured gross proceeds of C$0.22m ($0.17m) through a non-brokered private placement.
The placement involved the issue of 3.76 million units priced at C$0.06 ($0.04) each.
Each unit issued under the placement includes a common share of the company and a warrant, which enables the holder to buy a common share of Star Navigation Systems for C$0.07 ($0.05).
The warrants can be exercised within one year from the date of issue.
Extant Components Group has been acquired by US-based aerospace components developer TransDigm Group for $525m.
Also based in the US, Extant provides maintenance, repair and overhaul (MRO) services to aerospace and defence organisations.
Boeing has reached an agreement to acquire aerospace services provider KLX Inc for a consideration of $4.25bn in an all-cash transaction representing $63 a share and assumption of KLX’s $1bn debt.
Boeing will also acquire the Aerospace Solutions Group (ASG) of KLX Inc upon divestment and separation of KLX’s Energy Services Group.
KLX Inc will be combined with Boeing’s subsidiary Aviall and will be an integral part of Boeing Global Services.
The transaction is expected to be completed in the second half of this year.
