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Search resuls for: "StandardAero"


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The company is seeking to sell 60 million shares at a price range of $20 to $23 per share. StandardAero previously filed to offer 46.5 million shares at the same $20 to $23 per share range. StandardAero will be a large IPO, likely raising about $1.3 billion at the midpoint. The IPO raise has been sub-par for three years running. IPO watchers note childcare provider KinderCare and digital health marketplace company Solera both could raise $500 million or more.
Persons: Safran, StandardAero, Carlyle, IPOs, StubHub Organizations: Dow Jones, Cerebras, StandardAero, New York Stock Exchange, GE Aerospace, Pratt & Whitney, Royce, Honeywell, Amer Sports, Ingram, Dunkin, Brands, Inspire Brands Locations: U.S
Last December, it decided to make its own engine after engine manufacturers refused to help. Now its Symphony engine will be made with the help of FTT, GE Additive, and StandardAero. Sustainable aviation fuel is made from sources like cooking oil and waste, and can reduce carbon emissions by up to 80% compared to traditional jet fuel. The company is aiming to be net zero by 2025, and Scholl said using sustainable aviation fuel is key to this. Boom's Symphony engine.
Persons: , Blake Scholl, Scholl, Pete Syme, Boom, Royce Organizations: Supersonic, GE, Morning, Paris Air, SAF, FAA, United Airlines, American Airlines Locations: New York, London, Florida
Higher costs and a shortage of available new parts are also delaying aircraft repairs, which risk pushing up air fares. Some makers of brand-name parts like General Electric Co (GE.N) stand to benefit because they also sell used parts, known as used serviceable material. Honeywell Aerospace Trading (HON.O), the U.S. conglomerate's used parts business, is among companies enjoying higher demand since 2021. Ultimately, the alternatives to new parts may bring relief but a congested supply chain must be fixed, said Benjamin Hockenberg, president of JSSI Parts & Leasing. "Certain models, certain situations, (used parts) will fill the void, but I think we also need to see a repaired supply chain," said Hockenberg.
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