Bombardier has confirmed the completion of the previously announced sale of its Downsview property to the Public Sector Pension Investment Board for approximately $635 million US. This sale increases Bombardier’s cash position by more than $550 million US net of transaction and other associated costs.
IMP Aerospace, headquartered in Halifax, Nova Scotia, has been awarded a contract by the Norwegian Defence Logistics Organisation (NDLO). The contract follows an international competitive bidding process for the maintenance of the P-3 Orion Maritime Patrol aircraft fleet operated by the Royal Norwegian Air Force (RNoAF).
Boeing and Safran agreed to jointly design, build and service Auxiliary Power Units (APUs), onboard engines primarily used to start the main engines and power aircraft systems on the ground and, if necessary, in flight. Both companies will have a 50 per cent stake in the partnership, which will be based in the United States. The deal is expected to close in the second half of 2018.
Airbus has announced that it is contributing $20,000 to sponsor an important new awareness campaign, "Rise to the Future," developed by Aéro Montreal, Quebec's aerospace cluster in conjunction with l'École Nationale d'Aérotechnique (ÉNA) in St-Hubert, Quebec, the École des métiers de l'aérospatiale de Montréal (EMAM), and the Comité sectoriel de main-d'œuvre en aérospatiale (CAMAQ), as well as other industry sponsors.
Boeing has announced it has entered a definitive agreement to acquire KLX Inc. to enhance its growing services business. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1.0 billion of net debt, totaling $4.25 billion.
During the first quarter of 2018, Embraer delivered 14 jets to the commercial aviation market across the U.S., Europe and Asia Pacific. In the business aviation market, 11 aircraft were delivered in the same period, being eight light jets and three large jets.
Aerospace workers in Gander, Newfoundland voted 97 per cent against the latest offer from D-J Composites, their American employer who locked them out of work 16 months ago.
DART Aerospace is focused on setting a strong presence in the multiple countries of Latin America. During this process, DART has been attending a wide variety of aerospace shows and exhibitions within this region in order to showcase top-selling products and solutions adapted to operators’ needs.
Aircraft giant Boeing will not appeal a ruling by the U.S. International Trade Commission that allows its Canadian rival Bombardier to sell its newest commercial jets without heavy duties.
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CAMEA, Central AME Association Conference
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