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November 28, 2023

L3Harris Tech Sells off Commercial Aviation Biz for $800 Million

Flight Training Arm to Find New Home in Private Capital Firm

L3Harris Technologies announced an agreement to sell off its Commercial Aviation Solutions arm for $800 to TJC L.P. The acquisition will be made with a $700 million cash purchase price and $100 million earnout based on the achievement of financial performance goals stretching out through 2024. The deal should close in the first half of 2024, subject to regulatory approvals and the usual bureaucracy. The firm employs about 1,450 people offering pilot training, flight data analytics, avionics, and advanced air mobility products and services, among other capabilities.

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Allegiant Air Grants Make-A-Wish to Fly an Airliner

14 Yo Gets a Day on the (Simulated) Flight Deck to Live Out His Professional Dreams

The Allegiant Travel Company illustrated one of their Make-A-Wish cases, showing how they walk a 14-year-old wish kid through the experience of being the "airline's newest pilot". The airline worked with Make-A-Wish Southern Nevada to fly out Ben and his family to their Reno, Nevada training center. The boy was shown the ropes in the carrier's full-motion simulator, given an abbreviated training regime in hand-flying the plane, and then put through a simulated flight into Reno, Nevada. The following day, Ben flew on an Allegiant flight, enlisted to aid in the walk-through preflight.

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