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LATEST NEWS
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Wednesday, August 24th, 2022
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Eve Holding (Eve) is to conduct a North American urban air mobility (UAM) simulation and instead of using eVTOLs the company will be using helicopters powered by Blade Air Mobility (Blade). The intention is for Eve to study operations, ground services, passenger journeys and eVTOL operator needs, creating more accessible and faster connections to Downtown Chicago.
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Eve will carry out the Chicago UAM simulation over a three-weeks period, beginning with ground tests on September 12 and passenger flights on September 14. After the simulation, Chicago will gain knowledge about the infrastructure and ecosystem required to enable the launch and expected long-term growth of UAM in the area. Eve will carry out ground tests at Vertiport Chicago which is an existing downtown heliport facility, simulating services, infrastructure, and equipment requirements for the eVTOL.
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In UAM infrastructure, a vertiport is an area of land or a structure which will be used for the landing, take-off, charging and operation of eVTOL aircraft. A helicopter which will replicate Eve’s planned eVTOL will carry passengers from the Vertiport Chicago facility to two helistops located northwest and southwest of Chicago. The first route will connect Vertiport Chicago to Schaumburg Municipal Helistop and the second route will connect Vertiport Chicago to Tinley Park Helistop in Illinois.
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Backed by Embraer S.A.’s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution.
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Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, the Blade predominantly uses helicopters and amphibious aircraft for its passenger routes and is also one of the largest air medical transporters of human organs for transplant in the world.
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APOC has promoted Kevin Wall to take on the role of Chief Commercial Officer (CCO). Previously Senior Vice President of Business Development across the Americas, his new remit will focus on shaping future growth, consolidating market share and nurturing a team of success-driven people.
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Wall will be running APOC’s global commercial operations from the new Miami office which opened earlier this year. This expansion has been met with great enthusiasm from APOC’s airline and lessor customers throughout the Americas, as well as the organisation’s MRO business partners and audited workshops throughout the region.
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Australian airline Rex has posted a full year after-tax loss of AU$46 million on a turnover of AU$319 million for full-year 2022 (FY22). Commenting on the results, Rex Executive Chairman Lim Kim Hai said, “The lingering impact of COVID-19 meant that passenger services did not start to recover until February, prior to that, both the domestic jet operations and regional Saab operations were either suspended or greatly reduced.”
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“Considering that COVID devastated practically three quarters of the full-year and the war in Ukraine starting in February causing crude oil prices to skyrocket by over 70% during the financial year peaking at a near record high of A$174 per barrel in June 2022 as well as other supply shocks on the international economy, I am mildly pleased that our performance is not much worse than it is.”
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“The operational statistics for the new financial year have been very encouraging and indicate that we have turned the corner. In July, domestic jet operations' load factor was at an all-time high of 86% whilst the regional Saab operations saw higher passenger numbers, revenue and load factors compared to pre-COVID figures despite 5% less flying.
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Rex is Australia’s largest independent regional and domestic airline operating a fleet of 61 Saab 340 and six Boeing 737-800NG aircraft to 58 destinations throughout all states in Australia.
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Seabury Securities (Seabury) has announced that the company’s aviation team advised Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, in the acquisition of 20 Airbus A330-900neo aircraft. Seabury served as MAG’s exclusive financial and fleet advisor for the fleet acquisition and financing.
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The transaction covers 10 A330neos purchased directly from Airbus with a back-to-back sale and leaseback arrangement with Avolon. The remaining 10 aircraft are leased directly from Avolon. The agreements also include 20 A330neo purchase rights to provide flexibility for the group to realise future growth opportunities. The aircraft are scheduled for delivery between the third quarter of 2024 and 2028.
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“We are proud to have supported MAG in this very competitive selection process,” commented Alexis Fekete, Seabury Securities’ Managing Director. “We believe the comprehensive solution brought by Airbus, Rolls-Royce, and Avolon offers a cost-effective replacement of the current A330ceo fleet, which will lay a solid foundation for the airline’s future regional operations.”
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SmartSky Networks, a leading provider of inflight ATG connectivity for business aviation, has announced the completion of an STC for the installation of SmartSky hardware on the Cessna Citation X series business jets. With more than 300 aircraft in operation, the Citation X series joins a growing list of aircraft types that have already been granted STCs for SmartSky’s patented air-to-ground connectivity service.
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FlyExclusive, the fourth largest private jet fleet operator globally, performed the installation at its Kinston, NC facilities. With the hardware installed, the Citation X aircraft made its inaugural flights using SmartSky’s enhanced air-to-ground (ATG) network in June and the FAA supplemental type certification was issued on August 12, 2022.
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The Citation X certification comes hot on the heels of SmartSky’s announcement in July that its ATG connectivity is now available nationwide for aircraft flying on routes across the continental United States.
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SmartSky has previously been awarded STCs for many of the world’s most popular business aircraft, including aircraft from major manufactures such as Textron Aviation, Gulfstream Aerospace, Bombardier and Embraer. Additional STCs are in progress that will make the service available for those in business aviation who need reliable, consistent, and responsive inflight connectivity.
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GA Telesis (GAT), a leader in integrated aviation services, has reported record performance for its landing gear repair and overhaul business. The MRO Services Group delivered a record number of landing gear legs in the first half of 2022 and is on track to set a new production benchmark.
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GAT began repairing and overhauling landing gear in the second quarter of 2019. At the current rate and based on the contractual removals scheduled, GAT will deliver record revenue numbers for the full-year 2022. Since its inception, this business has driven a 137% CAGR.
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During the pandemic in 2020, GAT supported its customer base by tailoring services to meet its customer's immediate needs. At the end of the fiscal year 2021, GAT announced it had entered into several landing gear agreements and was able to secure a new, two-year contract with a major U.S. carrier. In addition, in the current fiscal year, GAT extended an existing landing gear agreement with a large regional carrier for another two years.
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The MRO Services Group was formed during the second half of 2017 to streamline the decision-making process, lean MRO operations and create a single customer interface and quality experience among the companies in the group.
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