AE Industrial Partners, a private equity investor in aerospace, power generation and specialty industrial companies, announced that its wholly owned AE Materials Group has acquired The Aircraft Group, a provider of aircraft consulting services for the purchase, sale or leasing of commercial aircraft as well as fleet asset management. Terms of the transaction were not disclosed.
Spurred by numerous reports of drones flying near jets and airports, the federal government will require that the aircraft be registered to make it easier to identify owners and educate amateur aviators.
The Federal Aviation Administration, behind schedule in finalizing regulations for commercial use of unmanned aerial systems, will be ready by June 17, 2016, according to recent congressional testimony by the agency's deputy administrator.
For the past seven years, Carlo K. Nizam has been the head of Airbus Group's Value Chain Visibility and RFID program. He has led the effort to use radio frequency identification, as well as what the company refers to as "Intranet of Things" technologies, to track aircraft parts, logistics containers, tools, jigs, subassemblies and other critical assets.