Reuters
Malaysia Aviation Group, parent of Malaysia Airlines, has signed a sale and purchase agreement to acquire Sepang Aircraft Engineering from Airbus. The transaction would bring the Malaysian airline group ownership of an established aircraft maintenance, repair and overhaul provider at Kuala Lumpur International Airport.
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Malaysia Aviation Group, parent of Malaysia Airlines, has signed a sale and purchase agreement to acquire Sepang Aircraft Engineering from Airbus. The transaction would bring the Malaysian airline group ownership of an established aircraft maintenance, repair and overhaul provider at Kuala Lumpur International Airport.
Ontic is acquiring SIRS Navigation’s magnetic compass business, adding products used on legacy aircraft to its portfolio. The transaction is intended to preserve long-term availability and support for aging navigation equipment as operators and maintainers continue to rely on established platforms.
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Air France-KLM and Lufthansa have submitted improved binding offers for stakes of up to 49.9% in TAP Air Portugal, closing the bidding phase. Portugal plans to select a strategic partner by mid-October, while Air France-KLM proposes Lisbon as its sole southern European hub.
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Spanish low-cost carrier Volotea has filed for preliminary creditor protection in Barcelona as it seeks to recapitalize amid sustained high jet-fuel prices. Its restructuring plan reportedly includes a significant reduction in its Airbus narrowbody fleet, job cuts in Barcelona and a potential transfer of control to Aegean Airlines.
euroAtlantic Airways is reportedly considering taking stakes in carriers in Cabo Verde, according to ch-aviation. The report points to a potential ownership or investment move involving airlines in the West African market, though available details do not specify targets, transaction structure or timing.
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Two separate aircraft transactions highlight continued investor activity in the secondary market: Avolon agreed to sell 33 leased Boeing and Airbus aircraft to Qatar’s Lesha Bank for $1.6 billion, while FTAI acquired 27 WestJet 737-700s, including jets intended for sale-leaseback and engine aftermarket activity.
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HAECO has secured airframe, engine and landing-gear agreements with ANA, JAL and Garuda, while GMF AeroAsia will perform heavy maintenance on AirZeta’s Boeing 747s from 2027 through 2030. Separately, AAR has agreed to acquire a majority stake in MRO Holdings for $1.8 billion, according to sources.
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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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