IonQ | August 23, 2022
IonQ, an industry leader in quantum computing, today announced a collaboration with Airbus to explore the potential application and benefits of quantum computing for aerospace services and passenger experiences. The Quantum Aircraft Loading Optimization & Quantum Machine Learning project will be a 12-month project that culminates in the development of a prototype aircraft-loading quantum application, hands-on collaboration and coaching sessions for Airbus developers and engineers, and an exploration of future integrations of quantum computers for Airbus and its customers. In response to the ongoing supply chain crisis, aerospace companies are investing in the latest technologies to understand areas for improved efficiencies – cargo loading being one of them. Airbus’ partnership with IonQ is the first step toward developing smarter algorithms based on quantum computers that can potentially lead to cost savings due to more optimized distribution of cargo on flights. Looking long-term, Airbus hopes to use quantum algorithms to improve other areas of air travel, including reduced fuel consumption, better aerodynamics, and optimized trajectories.
“As the aerospace industry looks for new ways to navigate the continued impact of the pandemic and overcome supply chain hurdles, we’re pleased to collaborate with Airbus and provide them with the quantum tools and expertise to develop improved aircraft-loading capabilities, “While it’s still early days in our yearlong project, the potential for quantum to reshape how airplane manufacturers balance passenger experience with aircraft production and performance is what excites our team most for what’s next in the aviation industry.”
Peter Chapman, CEO and President, IonQ.
Optimization is critical to achieving aviation sustainability targets," said Amanda Simpson, Vice President Research and Technology, Airbus Americas. "We are very excited to explore IonQ's capabilities to utilize the potential of quantum computing to achieve these targets.” Today’s collaboration with Airbus follows IonQ’s recent announcement that it has established its first international entities in the EU and EMEA, paving the way for new quantum endeavors with various European companies, states, and governments. Additionally, Airbus is the latest global company to collaborate and leverage IonQ’s industry-leading quantum systems. Earlier this year, IonQ partnered with Hyundai Motors to develop better performing EV batteries and establish the foundation for object detection in future vehicles. IonQ also recently announced that its industry-leading IonQ Aria system is publicly available on Microsoft Azure Quantum, providing developers, researchers, engineers, and industry leaders from around the world with access to quantum via the cloud.
IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ's current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, including IonQ Aria, a system that boasts industry-leading 23 algorithmic qubits. Along with record performance, IonQ has defined what it believes is the best path forward to scale. IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Christopher Monroe and Jungsang Kim based on 25 years of pioneering research.
CDB Aviation | May 25, 2022
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, announced today the signing of new lease agreements with Aerovías del Continente Americano S.A. Avianca (“Avianca”) for two Airbus A330-300 Passenger to Freighter (“P2F”) and one A320neo aircraft.
The new agreements bring the total of CDB Aviation aircraft on lease to Colombia’s flag carrier to 8. In addition to the newly leased aircraft, the carrier is expected to take delivery of an additional five A320neos from the lessor between 2022 and 2023.
“We are very pleased to broaden our collaboration with the Avianca team through the addition of these aircraft to support their passenger and cargo businesses,” commented Luís da Silva, CDB Aviation Head of Commercial, Americas. “Both the fuel-efficient neo and P2F freighters are high-in-demand aircraft, which will help advance the airline’s strategy of equipping its fleet with environmentally sustainable, new technology aircraft, as well as supporting the growth of its cargo operations to capitalize on the booming demand for air freight within Latin America.”
Francisco Raddatz, Avianca's Vice President, Fleet, said: “We are happy to strengthen our partnership with CDB Aviation supporting our passenger and cargo fleet growth.”
We are pleased to announce the arrival of these aircraft to our cargo fleet. With their incorporation, we will not only offer greater capacity, but also an increasingly robust and flexible route network focused on the needs of our customers and facilitating trade between Latin America and the entire world. We reaffirm our commitment to continue boosting the economies of the region, serving as a strategic ally for our customers and the industries.”
Gabriel Oliva, CEO of Avianca Cargo
“With an expected resurgence in demand across Latin American markets we believe the planned growth initiatives of Avianca Group are very exciting as airlines are gearing up for a recovery with more versatile fleets, which are aimed to maximize network flexibility and improve efficiency and sustainability,” underscored Peter Goodman, CDB Aviation Chief Marketing Officer. “CDB Aviation’s commercial team continues to expand outreach across key markets, pursuing aircraft transactions through placements from our order book as well as identifying opportunities in the sale and leaseback channel.”
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating.
CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating.
AELF FlightService | April 28, 2022
AELF FlightService announced today that its fifth Airbus 330-200 (registered as 9H-CFS) is officially on certificate, flying in passenger-to-freighter (PTF) configuration. The aircraft commenced its first commercial flight in PTF configuration on April 23, flying from Vietnam to the U.S.
The addition of 9H-CFS puts the group in a leading position among ACMI widebody charter operators in the world in terms of fleet size. Its five A330s are currently in PTF configuration, in which passenger seats have been removed and cargo nets have been installed to hold parcel freight in the upper deck, in addition to the standard freight capacity in the lower deck. The configuration is reversible in a matter of weeks, which the company plans to exercise this summer.
"As supply chain issues drag on, the addition of 9H-CFS is our commitment to fulfilling the need for capacity in the air cargo market in the short-term, while maximizing our flexibility to return to passenger service later this year."
Joe Cirillo, Chief Operating Officer at AELF FlightService
As AELF FlightService commences passenger flights this summer, it will do so with the addition of its sixth A330-200. This recently acquired aircraft is configured with a brand-new passenger interior accommodating 295 passengers. An additional three of the company's A330s will also be converted back to passenger configuration by August. The A330 fleet will be operated by the company's affiliate Maleth Aero.
"The flexibility of the configuration was a draw for us from the beginning," said Lee Jones, President of Maleth Aero. "Anticipating an inevitable return of passenger demand and a time limit from EASA on the preighter exemption, we looked to the option that would provide a solution for our cargo customers but also allow us to adapt to the regulatory environment and the marketplace."
The company has a history of adapting quickly. At the onset of the pandemic, AELF, Inc. expanded its core business as an aircraft lessor to meet the needs of an overwhelmed cargo market. In 2020, the company, together with European partners, led the acquisition of the controlling interest in Malta-based airline Maleth Aero, expanding the group's offerings to charter and ACMI flights. With the acquisition mentioned above, the group now has a total of nine widebody aircraft in operation.
While the fleet will undergo transformation to passenger configuration this summer, the group is also exploring its options for a Supplemental Type Certificate (STC) that will allow continued operation of the PTF configuration for one or more of its aircraft beyond the EASA preighter exemption deadline.
AELF FlightService offers a full spectrum of air freight and passenger services, including single charter flights and mid-term ACMI/wet and damp leases, as well as more traditional liquidity solutions such as long-term operating leases, sale and leasebacks, sale and wet leasebacks, among other services.
About AELF FlightService
AELF FlightService is a global aircraft leasing company providing finance, leasing and air charter solutions to the aviation industry. The company offers a full spectrum of services ranging from long-term operating leases to single charter flights and mid-term ACMI programs operated by widebody airline Maleth Aero, with which it shares common ownership. The group has offices in Chicago, Miami and Malta.