Asia-Pacific Aerospace Briefs Today
November 11th 2021
Global communications company, Viasat, has entered into a definitive agreement to acquire satellite specialist, Inmarsat, in a transaction valued at US$7.3 billion. The deal involves US$850 million in cash, approximately 46.36 million shares of Viasat common stock valued at US$3.1 billion and the assumption of $3.4 billion of net debt. Read More » The companies said the combination will create “a leading global communications innovator with enhanced scale and scope to affordably, securely and reliably connect the world”.
MTU Aero Engines (MTU) has assumed 100% control of Amsterdam-based engine leasing business, MTU Maintenance Lease Services (MLS), after buying the 20% holding of Japanese partner, Sumitomo Corp. The German company also sold its 10% share in SMBC Aero Engine Lease B.V. to Sumitomo Mitsui Finance & Leasing (SMFL). It said both companies will continue their close collaboration.
