As part of its plan to stimulate Türkiye’s aeronautical industry and address global chain supply bottlenecks, Turkish Airlines (TK, Istanbul Airport) is looking to grow its aircraft component manufacturing business by sell parts it makes to other carriers, as well as partner with Boeing to domestically produce some seats and engine components, Bloomberg reported. Turkish [...]
Israir (6H, Tel Aviv Ben Gurion) subsidiary Israir Aviation and Tourism is seeking to purchase 50% in Larnaca-based MRO company Bird Aviation, a stock exchange filing revealed. While the basic conditions of the transaction have been agreed upon, it still remains subject to a final agreement, Israir said. The carrier holding is purchasing the stake [...]
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Pivot Airlines (ZX, Toronto Pearson) has been fully acquired by Pivot Holding Company Canada Inc. from Binder Capital Corporation, the holding firm announced on June 10, 2024. The Canadian Transportation Agency (CTA) authorised the transfer of 100% of Pivot shares from Binder Capital Corporation to Pivot Holding Company Canada, a new ownership consortium. Canadian investors, [...]