French regulator Commission des Participations et des Transferts (CPT) has given its approval for the proposed merger between aerospace manufacturer Snecma and high technology manufacturer Sagem. Sagem expects to complete its public offer for Snecma's shares by 7 March, with the merger to be completed by May. The French government, which owns a 62.2% stake in Snecma, will hold a 35.9% share in the newly formed group after the deal is concluded.
Source: Flight International
Turkish Airlines has struck a compensation agreement covering engine availability issues impacting the Pratt & Whitney PW1100G geared turbofans powering its Airbus A320neo-family aircraft.
French investigators have disclosed that a De Havilland DHC-6 Twin Otter crew resorted to aerodynamic manoeuvring and ground effect to land the aircraft after its engines failed to respond to power commands during approach. The aircraft – operated by New Caledonian carrier Aircalin – had been carrying out a visual ...
American Airlines has placed a conditional order for up to 100 units of ZeroAvia’s ZA2000RJ hydrogen fuel cell powertrain, while also deepening its investment in the advanced propulsion developer through participation in the company’s Series C fundraising round.
