Author - LWT

FTAI Acquires Wheeling Corp for $1.05 Billion

By Maria Kalamatas | August 8, 2025 New York — FTAI Infrastructure has completed a deal to buy The Wheeling Corporation. The value of the transaction is 1.05 billion dollars. Wheeling owns about 300 miles of freight rail lines. The network is located in Ohio, Pennsylvania, and West Virginia. It serves industrial...

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Destinus Buys AI Startup to Advance Flight System Automation

By Maria Kalamatas | August 8, 2025 Destinus has acquired Daedalean, a company based in Zurich. The startup develops artificial intelligence systems for flight navigation. The deal was confirmed on Wednesday. No price was disclosed. “This gives us the tools to automate faster,” said a Destinus representative. Daedalean builds software for drones, aircraft, and...

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