Latest Deals
ASUR enters deal to acquire URW’s terminal retail management
Grupo Aeroportuario del Sureste (ASUR) has announced its acquisition of URW Airports for an enterprise value of around $295m. The purchase, made through its subsidiary ASUR US Commercial Airports, involves purchasing all the issued and outstanding equity interest from Westfield Development, a subsidiary of Unibail-Rodamco-Westfield (URW). This acquisition will enable ASUR to manage commercial programmes at terminals of major US airports.
Joby Aviation to buy Blade Air Mobility’s passenger business
Joby Aviation has signed a definitive agreement to acquire the urban air mobility passenger business of Blade Air Mobility, a move aimed at advancing the commercialisation of electric air taxis. Joby will compensate Blade with stock or cash, up to $125m, contingent on customary indemnity provisions and performance milestones.
Airbus invests in Canada’s IPR to support aerospace solutions development
Airbus Defence and Space has announced a financial investment in Canada-based R&D incubator Innovative Products Resources (IPR). This funding is intended to enhance IPR’s research and development efforts, leading to the creation of new intellectual property and high-tech employment opportunities.
Precision Aviation Group acquires Turner Aviation
Precision Aviation Group (PAG), a maintenance, repair, and overhaul (MRO) services provider, has announced the acquisition of Turner Aviation, marking its entry into the Europe, Middle East, and Africa (EMEA) region.
