Wall Street Journal
• Mark Maurer
AAR plans to acquire a 65% stake in privately held MRO Holdings for $1.8 billion, with the transaction expected in its fiscal third quarter ending February 2027. Separately, HAECO won contracts with ANA, JAL and Garuda, while GMF AeroAsia secured a four-year Boeing 747 heavy-maintenance deal.
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AAR plans to acquire a 65% stake in privately held MRO Holdings for $1.8 billion, with the transaction expected in its fiscal third quarter ending February 2027. Separately, HAECO won contracts with ANA, JAL and Garuda, while GMF AeroAsia secured a four-year Boeing 747 heavy-maintenance deal.
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Avolon has agreed to sell Lesha Bank a portfolio of 33 commercial aircraft leased to 25 airlines, with management transferring to Lesha Aviation Services. The transaction will lift Lesha’s managed fleet beyond 75 aircraft and expand its Sharia-compliant leasing platform, while advancing Avolon’s asset-recycling strategy.
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Asset manager Attestor will acquire the remaining 49% of Condor, taking full control of the German leisure carrier by August 2027. The transaction follows Condor’s early repayment of state-backed loans and consolidates ownership as the airline continues its post-restructuring strategy.
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Iridium stockholders approved Rocket Lab’s acquisition with 99.6% of votes cast, endorsing consideration valued at $54 per share, comprising $27 in cash and collared Rocket Lab stock. The transaction remains subject to regulatory approvals and is expected to close by mid-2027, while Rocket Lab signals further deals ahead.
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British private-equity firm Attestor is exercising its option to acquire the German government-held 49% stake in Condor, following an agreement reached in 2021. The transaction, expected to close in late August 2027, will end state ownership as Condor pursues medium- and long-haul fleet renewal and growth.
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MBS has acquired a 20% stake in HPS, supporting a seven-figure investment program at the German space-hardware company. The funding will help HPS expand beyond its existing space activities into defense and communications markets, broadening its addressable customer base and strategic footprint.
Air India’s incoming chief executive is weighing a merger between the full-service carrier and its low-cost subsidiary, according to Commercial Aviation News. The potential combination could reshape the group’s operating structure and brand portfolio, although no decision or timeline has been reported.
Aegean Airlines has denied reports or speculation that it intends to acquire Volotea. The statement addresses potential consolidation involving two European carriers, but the available reporting provides no further details on the source or circumstances behind the claims.
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