SAO PAULO, August 26, 2013 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it delivered an eighth new ATR72-600 to Brazil’s Azul Linhas Aéreas Brasileiras S/A. This leased aircraft came from GECAS’ existing order book with ATR.
Three of the new ATRs [...]

Thales, a global technology leader for the Aerospace and Space, Defence, Security and Transportation markets, has acquired 100% of the capital of Omnisys, a Brazilian company headquartered in São Bernardo do Campo, near São Paulo.
Laurent Mourre, Thales Country Director for Brazil noted; “Brazil is strategically important for Thales. The company is proud that Omnisys, as [...]

Embraer Defense and Security and AEL Sistemas, a subsidiary of Israel’s Elbit Systems Ltd., formalized a partnership to create a new company, Harpia Sistemas S.A., to focus on the unmanned aerial systems (UAS) market. Embraer Defense and Security holds 51% of Harpia’s capital, and AEL the remaining 49%.
From its headquarters in the Federal District of [...]

Midea Holding Co. Ltd announced its acquisition of majority share in Carrier’s Latin America air-conditioning business. Through its Netherlands subsidiary, Midea acquires 51% of the equity in Carrier Latin America Holding Company while the rest 49% equity will be owned by Carrier. Total transaction price is around US$220 million.
Based on the joint venture, the two [...]

The Wall Street Journal Friday reported that Gol Linhas Aereas Inteligentes, Brazil’s second-biggest airline, confirmed Friday it will acquire rival low-cost carrier Webjet Linhas Aereas Economicas for 96 million Brazilian reais ($61.53 million.)
The accord reached with Webjet’s controllers is subject to technical and legal analysis of Webjet’s activities and assets as well as approval by [...]

According to the Wall Street Journal, Brazil’s largest airline by revenue TAM will pay as much as $250 million to acquire a maximum 31 per cent stake in a small Brazilian airline, TRIP Linhas Areas. The Wall Street Journal quoted a report filed by Brazilian financial newspaper, Valor Economico.
Valor Economico, citing unnamed persons close to [...]

In a deal pegged at $3.7 billion, Chilean airline company, Lan Airlines SA, said it had completed an agreement that will see it takeover the Brazilian airlines firm, Tam SA. Lan Airlines SA is Latin America’s largest carrier in terms of market value and the Brazilian investment is expected to enable the firm further expand [...]

The European Aeronautics Defense and Space Company (EADS) reported that impending budget cuts in Europe might push it to increase its international business with places such as Brazil, India and Saudi Arabia amongst the favorites for the planned increased international investments. The company reported that it would be seeking to build meaningful relationships with the [...]