GE Capital Aviation Services is to acquire Credit Lyonnais/PK Airfinance, a subsidiary of Credit Lyonnais which provides and arranges aircraft-backed debt to airlines. Upon completion of the deal, which is subject to approval from the Luxembourg regulatory authorities, the business will change its name to PK Airfinance. CHC Helicopters has sold its non-core Scandinavian operations: Sweden-based Heliflyg to Osterman Helicopter for $6 million and Norway-based Lufttransport to Norwegian Air Shuttle (NAS) for $14.2 million. The deal sees NAS assume lease financing for seven Beech King Air 200s, for which it has paid a $3.4 million non-refundable deposit. BBA Group, provider of business aviation services, is to buy Lynton Group for £37 million ($56 million). Existing resources will fund the deal, which is subject to regulatory approval. Boeing is to acquire Autometric, an IT company that collects, analyses and interprets satellite imagery for the US Defense Department and intelligence bureaux. Boeing will run it as a subsidiary in its Integrated Defense Systems division of the space and communications group.

Source: Flight International