TransDigm Closes Telair Purchase

US aircraft component manufacturer TransDigm has completed its purchase of the Telair Cargo for $725m.

US aircraft component manufacturer TransDigm has completed its purchase of Telair Cargo for $725m.

TransDigm confirmed it has borrowed $75m under its current revolving credit facility and took the rest of the sum from existing funds to complete the acquisition of Telair, a subsidiary of US-based MRO AAR.

Telair, which produces cargo loading and handling systems plus unit load devices, consists of three major operating units: Telair International, Nordisk Aviation Products and Telair US. 

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