Wavelit, Inc. Subsidiary Precision Aviation, Inc. Acquires Production Facility. (PR Newswire via Yahoo! Finance)
Precision Aviation, Inc. , a wholly-owned subsidiary of Wavelit Inc. announces the completion of an all-stock acquisition of a new manufacturing facility as well as proprietary tooling and moulding equipment used in the manufacture of recreational remote control and Unmanned Aerial Vehicles .

Fitch Affirms Triton Aviation Finance (Centre Daily Times)
Fitch Ratings has affirmed Triton Aviation Finance (Triton) as follows:

Fitch Places 4 Classes in Aviation Capital Group Trusts I & II on Watch Negative (Centre Daily Times)
Fitch Ratings takes the following rating actions on notes issued by the Aviation Capital Group (ACG) Trusts as outlined below:

Fitch Downgrades 2 & Affirms 16 Classes in Pegasus Aviation Lease Securitization Trusts (Centre Daily Times)
Fitch Ratings has taken the following rating actions on the three Pegasus Aviation Lease Securitization Trusts:

Aviation Art to Benefit Red Tail Project (Aircraft Maintenance Technology)
The Red Tail Project is pleased to announce that Sam Lyons, noted aviation artist and enthusiast, has created and will donate an original painting of the red-tailed P-51C Mustang ?Tuskegee Airmen? as it might have appeared during WWII. The picture, titled ?Red Tail By Request? shows the fighter being piloted by a Tuskegee Airman protecting five B-24s over Italy.

Amritsar aviation club gets new lease of life with Cessna 172R (Express India)
Punjab's oldest aviation club established in 1962 in Amritsar has got a fresh lease of life with securing ultra-modern four-seater Cessna 172R aircraft.

Legislation limits aviation inspector moves (Journal Inquirer)
The legislation, passed 392-0, is designed to pushed the Federal Aviation Administration to improve its safety inspection practices and end the FAA?s overly close relations with the airlines industry.

Fitch Downgrades 2 & Affirms 16 Classes in Pegasus Aviation Lease Securitization Trusts (wallstreet:online AG)
Fitch Ratings has taken the following rating actions on the three Pegasus Aviation Lease Securitization

Canada's top aviation school coming to India to train pilots (New Kerala)
By Gurmukh Singh, Toronto, July 24 : A Winnipeg-based aviation school, which is first-choice training facility for Indian students aspiring to become pilots, will soon start its training programme in India where the aviation industry continues to soar.