Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Bourse de Toronto
  5. The Westaim Corporation
  6. News
  7. Summary
    WED   CA9569093037

THE WESTAIM CORPORATION

(WED)
  Report
Delayed Quote. Delayed Bourse de Toronto - 10/21 01:11:23 pm
2.6 CAD   --.--%
09/23The Westaim Corporation announces an Equity Buyback for 11,208,044 shares.
CI
09/23WESTAIM : Up after Reporting Normal Course Issuer Bid
MT
09/23WESTAIM : Announces Normal Course Issuer Bid
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensus 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Westaim : AJW Group and Arena Investors announce USD $100M aviation asset joint venture

06/21/2021 | 08:31am EDT

NEW YORK, June 21, 2021 /PRNewswire/ -- AJW Group and Arena Investors, an affiliate of The Westaim Corporation (TSXV: WED), are pleased to announce a joint venture focused on selective acquisitions of commercial aircraft, engines and components. The partnership leverages AJW's operational expertise and global network together with Arena's extensive experience in aviation-related investments.

Through a newly formed entity based in Dublin, AJW and Arena will jointly acquire a targeted portfolio of aircraft and engines to be managed and monetized through AJW's global network.  The joint venture will be funded with committed capital of up to USD $100 million.     

Vivek Nayar, Arena Investors, comments:

"We are thrilled to be forming a partnership with AJW, one of the most storied and reputable firms in the aviation services industry, with its wide geographical reach and customer base.  AJW's experience, combined with Arena's flexible capital solutions, are especially relevant at a time when there are great liquidity needs in the industry.  We look forward to helping to solve those needs."

Ian Malin, Chief Financial Officer of AJW Group, comments: 

"We are pleased to be working with Arena on this exciting project.  Arena brings a vast and diverse experience to the table investing in the aviation sector in complement to AJW's extensive operational expertise. There are a number of compelling opportunities in the marketplace which we look forward to pursuing together".

About AJW Group

AJW Group is a world-leading independent specialist in aircraft component parts, repair and supply chain solutions, supporting over 1000 airlines across 100 countries. The company has established mutually beneficial, trusted partnerships to transform aviation efficiency, utilizing its extensive vendor supply chain to lead the industry, increasing efficiency and customer value. AJW has dedicated sales and service teams located worldwide, with global stock locations, operational hubs and offices across Africa, Asia Pacific, China, CIS, Europe, Latin America, Middle East, and North America with AJW Technique, its state-of-the-art maintenance facility based in Montreal.

About Arena Investors

Arena Investors is an institutional asset manager founded in partnership with The Westaim Corporation (TSXV: WED). With $2.2 billion of committed assets under management as of January 1, 2021, and a team of over 80 employees in offices globally, Arena provides creative solutions for those seeking capital in special situations. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions. See www.arenaco.com for more information.

AJW Contact

Becky Newell 
Becky@ajw-group.com

Arena Media Contacts:
Lindsay Jablonski
ljablonski@prosek.com

Arena Investor Contacts:
Parag Shah
ir@arenaco.com

Cision
View original content:http://www.prnewswire.com/news-releases/ajw-group-and-arena-investors-announce-usd-100m-aviation-asset-joint-venture-301316097.html

SOURCE AJW Group; Arena Investors


© PRNewswire 2021
All news about THE WESTAIM CORPORATION
09/23The Westaim Corporation announces an Equity Buyback for 11,208,044 shares.
CI
09/23WESTAIM : Up after Reporting Normal Course Issuer Bid
MT
09/23WESTAIM : Announces Normal Course Issuer Bid
PU
09/23The Westaim Corporation authorizes a Buyback Plan.
CI
08/19WESTAIM : 2021 Second Quarter Report
PU
08/19WESTAIM : Q2 2021 Investor Presentation
PU
08/19WESTAIM : Earnings Flash (WED.V) THE WESTAIM CORPORATION Says Q2 Adjusted Earnings, Exclud..
MT
08/19WESTAIM : Reports 2021 Second Quarter Results
PU
08/19WESTAIM : Q2 Earnings Snapshot
AQ
08/19The Westaim Corporation Reports Earnings Results for the Second Quarter Ended June 30, ..
CI
More news