purchase Embraer and EADS are to buy a majority stake in Portugal's government-owned aircraft maintenance company OGMA. Airholding, the Embraer-EADS consortium, will pay €11.4 million ($15.1 million) for a 65% holding in the newly privatised company, subject to final approval of the acquisition by national anti-trust authorities, expected within 60 days. Brazil's Embraer owns a 99% stake in Airholding, while EADS has the option to increase its 1% to a maximum 30%.
Source: Flight International
Continuing a busy week for Supernal, the US air taxi developer on 23 July launched a partnership with Luxaviation Group’s Sigma Air Mobility to identify markets ripe for advanced aircraft infrastructure.
Keep track of the commercial aircraft order announcements made at this year’s Farnborough air show
Boeing remains hesitant to jump headlong into developing hydrogen-powered aircraft due to safety and technical challenges, despite widespread calls for aircraft developers to roll out clean-burning designs as quickly as possible.
