Bill Gates makes $4.3 billion bid for aerospace company Signature Aviation

Continuing its activities under different names over the years, Signature Aviation is one of the oldest aviation companies in the world, dating back to 1879. The standards that have been going on for years have been broken after the coronavirus epidemic. The first move for Signature Aviation, which has difficulties in paying salaries to its employees, came from Cascade Investment, the investment company of Bill Gates, the founder of Microsoft and one of the richest people in the world. Gates is ready to give $4.3 billion for the well-established company.

It was predicted that companies would change hands, especially in the aviation sector, after the pandemic period. Many aviation companies have taken a series of measures after the coronavirus pandemic. In this context, airline companies introduced practices such as layoffs, salary cuts and unpaid leave.

Some aviation companies, on the other hand, could not overcome this economic crisis and either changed hands or went bankrupt. Such a solution is predicted for Signature Aviation, which is having a difficult time. The company, which currently has more than 5 thousand employees, has become unable to meet its expenses after the events. Bill Gates stepped in first. Gates-owned investment firm has made a $4.3 billion offer to acquire Signature Aviation. This sale is expected to take place in the coming days to a large extent.

On the other hand, the involvement of Bill Gates for Signature Aviation, which provides private jet services, has garnered reactions from many quarters. Gates, who has been on the agenda recently with his statements on climate change, was reminded that private jets cause 40 times more carbon emissions than normal commercial airplanes.