Selling For A Cool (Very) US$1.05 billion

CAE has entered into a definitive agreement with L3Harris Technologies to acquire L3Harris' Military Training business for US$1.05 billion, subject to customary adjustments (the "Acquisition"). The Acquisition value represents approximately 13.5 times the L3Harris Military Training business estimated adjusted 2020 EBITDA or approximately 10 times, including cost synergies, which are expected to reach a range of C$35 to C$45 million (approximately US$28 to US$35 million) annually by the end of the second year following closing of the Acquisition.

2021 Brings 100th Anniversary Of Agricultural Aviation

Over the past century, American agriculture has progressed from a labor-intensive industry still largely reliant on four-legged horsepower, to a technology-driven marvel of production efficiency and environmental sustainability. A key component in the speed and scope of change in food production over the last 100 years has been the advent and evolution of agricultural aviation. August 2021 will mark the 100th anniversary of the first recorded use of aerial application, when U.S. Army test pilot, Lt. John Macready, spread lead arsonate dust from a World War I surplus biplane. 

AD 2021-03-17 Requires An Inspection To Determine The Last Replacement Date Of The ELB

The FAA is adopting a new airworthiness directive (AD) for certain Bombardier, Inc., Model BD-700-1A10 airplanes. This AD was prompted by a report of smoke and signs of an overheating condition from the emergency light battery (ELB) due to excessive corrosion surrounding the internal lead acid batteries, which caused an electrical short circuit that led to the smoke and overheating condition. This AD requires an inspection to determine the last replacement date of the ELB, and replacement if necessary. This AD also requires the incorporation of a new maintenance task into the existing maintenance or inspection program. The FAA is issuing this AD to address the u

AD 2021-01-01 Requires Verifying That The Affected Components Are Installed On The Airplane...

The FAA is adopting a new airworthiness directive (AD) for certain MHI RJ Aviation ULC Model CL-600-2B19 (Regional Jet Series 100 & 440) airplanes. This AD was prompted by evidence that a revised structural life limit of some components of the nose landing gear (NLG) and/or main landing gear (MLG) was not implemented during repair. This AD requires verifying that the affected components are installed on the airplane, revising the structural life limits in the existing structural deviation inspection requirements (SDIR) airplane document, and replacing affected components if necessary. The FAA is issuing this AD to address the unsafe condition on thes