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More from Wings | Training | MRO | Events July 17, 2012
Heroux Devtek sells part of its business for $300 million
Quebec aerospace manufacturer Heroux-Devtek Inc. is selling about one-third of its business to an American company for $300 million in cash to focus on its landing gear division in a deal that sent the company's stock soaring on Tuesday.
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Machinist union objects to Hawker Beechcraft deal
Hawker Beechcraft efforts to enter into exclusive talks with a Chinese firm for the $1.79 billion sale of its civilian aircraft operations ran into opposition Monday in bankruptcy court from its machinists union amid fears about the deal's impact on national security as well as worker pensions.
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Chorus Aviation set to expand in Halifax
A $16.5-million funding package from the Nova Scotia government helped influence Chorus Aviation Inc.'s decision to keep its Halifax heavy maintenance base open over its London, Ont., facility, the president of the airline operator said Monday.
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CAP youth expands horizons through Air Cadet exchange
Fifty-seven cadets from 33 Civil Air Patrol wings and their 16 adult escorts will help foster goodwill July 14-Aug. 1 as they participate in the International Air Cadet Exchange, an annual networking event for aviation-minded young people from across the globe.
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Ledcor to acquire Arctic Sunwest Charters
The Ledcor Group of Companies announced yesterday that it has concluded a definitive agreement to purchase the business and assets of Arctic Sunwest Charters based in Yellowknife, N.W.T. The sale is subject to the customary conditions including regulatory approvals.
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