As announced on August 4, general aviation avionics OEM Aspen Avionics has been acquired by The AIRO Group. The new owner has a fairly deep bench in aerospace, holding a portfolio of companies in a wide range of aerospace segments, including commercial and military, and piloted and remotely-piloted vehicles.
Aspen Avionics Acquired By The AIRO Group
Key Takeaways:
- General aviation avionics OEM Aspen Avionics has been acquired by The AIRO Group to secure needed investment for continued growth, particularly in advanced aviation segments.
- Despite experiencing a downturn in early COVID-19, Aspen is observing a recovery in the general aviation market as pilots begin to invest in panel upgrades again.
- Aspen previously issued a service bulletin and software fix for an inflight reset issue in its Evolution MAX series, preceding a subsequent FAA Airworthiness Directive addressing the same problem.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.
