Asia-Pacific Aerospace Briefs Today
September 13th 2021
Sydney Airport said in a regulatory filing to the Australian Securities Exchange today it had granted a consortium that has lodged a third indicative, conditional and non-binding takeover proposal the opportunity to conduct due diligence on a non- exclusive basis for the next four weeks so it could put forward a binding proposal. Read More » The consortium of infrastructure investors' third offer was at A$8.75 (US$6.44) cash per stapled security, which valued the airport at A$23.6 billion. This was up from an initial bid of A$8.25 in July, and a revised bid of A$8.45 last month. Sydney Airport rejected the first two offers arguing they undervalued the asset and would not be in the best interest of securityholders.
Air travel services provider, dnata, has named Charles Galloway as its new regional CEO for the Asia-Pacific, effective immediately. Galloway, who was previously at dnata’s international airport operations division where he worked on commercial development, will be based in Singapore and report to divisional senior vice president for airport operations, David Barker.
GKN Aerospace said its joint venture with SASMOS HET Technologies Limited, Fokker Elmo SASMOS Interconnection Systems Limited (FE-SIL), has been awarded a contract from Saab to build electrical interconnection systems (EWIS) for the Boeing-Saab T-7A trainer aircraft aft section. The components will be built at FE-SIL's facility in Bangalore with the first ship-set to be delivered in 2022.
Collins Aerospace has launched Lilac-UV, a product for sanitizing aircraft interiors that could be fitted "anywhere a light is installed". The product uses technology developed by Boeing under a licensing agreement and is available for new cabins or retrofittable to existing interior spaces.
U.S. based Mammoth Freighters has launched a passenger-to-freighter conversion program for the 777-200LR and 777- 300ER, with customers able to supply their own aircraft for conversion or acquire or lease ready-to-fly converted freighters from its existing feedstock of 10 777- 200LR powered by GE90-110B1 engines.
