AZUL AIRLINES | September 30, 2022
Azul Airlines, the largest airline in Brazil by departures and number of cities served, announced today that it became the first to pilot Fetcherr's demand prediction and algorithm pricing technology. Since incorporating Fetcherr's AI-native continuous pricing optimization system into its existing revenue management processes, Azul Airlines has already witnessed improved revenue performance and optimized workflows.We are proud to be pioneers of change by being the first airline to pilot truly innovative tech solutions,said Abhi Shah, Chief Revenue Officer at Azul Airlines. We are excited that Fetcherr's platform will help us maximize our revenue, optimize our operations and provide a seamless, improved customer experience."
"The airline industry has tremendous opportunities when it comes to continuous pricing and using real-time data for demand predictions,We are thrilled Azul Airlines has begun experimenting with our technology. We hope they become the catalyst for change."
Roy Cohen, CEO and Co-Founder of Fetcherr
Fetcherr's AI technology and continuous pricing model accurately predicts demand using real-time, sophisticated models and automatically provides pricing recommendations. The system is a mature, live production system that scans the entire network 24/7 and optimizes pricing recommendations with justification to generate significant hidden or lost revenue. The automation saves manpower, can publish the fares directly to all distribution channels and predicts demand in volatile times. Fetcherr's system has proven to be successful in innovative, volatile markets such as E-commerce and Algo-trading, and now, in conjunction with Azul Airlines, is set to disrupt the untouched territory of the airline industry.
Fetcherr is an Israeli company that developed a proprietary AI-powered goal-based enterprise pricing and workflow optimization system. Founded in 2019 by experts in deep learning, Algo-trading, e-commerce and digitization of legacy architecture, Fetcherr aims to disrupt traditional rule-based (legacy) revenue systems through reinforcement learning methodologies, beginning with the airline industry. For more information, please visit https://fetcherr.io/.
About Azul Airlines
Azul , the largest airline in Brazil by number of flight departures and cities served, offers more than 900 daily flights to more than 150 destinations. With a passenger operating fleet of more than 160 aircraft and more than 13,000 crewmembers, Azul has a network of more than 300 non-stop routes. In 2020 Azul was awarded best airline in the world by TripAdvisor, the first time a Brazilian Flag Carrier ranked number one in the Traveler's Choice Awards.
ZeroAvia | September 30, 2022
ZeroAvia, the leader in zero-emission aviation, today announced it has entered into a non-exclusive Joint Development Agreement with Textron Aviation Inc., a Textron Inc. ( NYSE: TXT) company, supporting ZeroAvia's development of hydrogen-electric, zero-emission powertrains for the Cessna Grand Caravan (208B) aircraft. ZeroAvia will obtain a Supplemental Type Certificate (STC) to retrofit the Grand Caravan single-engine utility turboprop with the ZA600 zero-emission powertrain, targeting commercial passenger and cargo operators. The Cessna Grand Caravan is designed and manufactured by Textron Aviation. Its high-wing design makes it a strong candidate for mounting hydrogen fuel tanks under the wings, ensuring operators can maintain seat capacity or cargo space, while transitioning to true zero emission propulsion systems. ZeroAvia will develop its ZA600 powertrain system for the Grand Caravan with data, engineering and certification support provided by Textron Aviation. ZeroAvia aims to obtain certification for the 600kW powertrain as early as 2025, enabling customers to operate zero-emission flights.The Cessna Grand Caravan platform has seen more than 2,400 aircraft delivered worldwide since the aircraft was introduced, representing enormous potential for a shift to clean propulsion. ZeroAvia has already announced several agreements with operators and lessors in relation to conversions of the Grand Caravan.
"The famous Cessna Grand Caravan is on track to be one of the first airframes operating commercial services both cargo and passenger with hydrogen-electric, zero-emission engines. We applaud the visionary leadership of Textron Aviation in joining us to help transform a much-loved mainstay of sub-regional aviation into a symbol of sustainable transformation in aviation."
Val Miftakhov, CEO, ZeroAvia
This agreement with Textron Aviation adds to significant prior commitments from other aircraft original equipment manufacturers (OEMs) and operators to ZeroAvia's powertrain technology over the course of the last few months. ZeroAvia is already well advanced in retrofitting its system into a 19-seat Dornier 228 aircraft at its R&D location at Cotswold Airport in the UK, with first test flights anticipated over the next few weeks. The company is actively developing the market for its ZA600 product with different 9-19 seat airframes, while concurrently developing its ZA2000, 2-5MW engine class for 40-80 seat aircraft with an entry-into-service target of 2027. ZeroAvia is focused on developing hydrogen-electric propulsion as a practical, holistic and economically attractive solution to aviation's growing climate change impact. The company's hydrogen-electric powertrains use fuel cells to generate electricity, which powers electric motors to then turn propellers. Hydrogen-electric systems produce only water vapor and at temperatures that enable the management of contrail impact. ZeroAvia's work in developing its 600kW system through to a certifiable design is part of the HyFlyer II project, supported by the UK Government's Department for Business, Energy and Industrial Strategy (BEIS), Aerospace Technology Institute (ATI) and Innovate UK through the ATI Programme.
ZeroAvia is a leader in zero-emission aviation, focused on hydrogen-electric aviation solutions to address a variety of markets, initially targeting a 300-mile range in 9–19 seat aircraft by 2025, and up to 700-mile range in 40–80 seat aircraft by 2027. Based in the UK and USA, ZeroAvia has already secured experimental certificates for its two-prototype aircraft from the CAA and FAA, passed significant flight test milestones, secured a number of key partnerships with major aircraft OEMs and major global airlines, and is on track for commercial operations in 2024. The company's expanding UK operations are supported by grants from UK's Aerospace Technology Institute and Innovate UK, and ZeroAvia is part of the UK Government's Jet Zero Council.
Boom Supersonic | September 29, 2022
Boom Supersonic, the company building the world's fastest airliner, optimized for speed, safety, and sustainability, today announced that it has selected Advanced Integration Technology (AIT) as the tooling and automation provider and integrator for the Overture final assembly line. This strategic partnership is an important prerequisite for aircraft production at the Overture Superfactory in Greensboro, North Carolina. Site preparation at the Superfactory is already underway, and groundbreaking is on track for December 2022.Boom's purchase agreement with AIT spans the design, fabrication, and installation of custom tooling for the Overture Superfactory. AIT will provide an end-to-end system for the Superfactory, creating transportation and positioning tools for fuselage assembly, wing assembly, wing-to-fuselage joining, and final assembly. Major hardware provided by AIT will include automated drilling machinery, mobile transport equipment, and setups for positioning and joining setups. Boom is prioritizing design and procurement of long-lead-time sections of the tooling suite, helping to ensure that the Overture program remains on track to enter production in 2024.
"Advanced Integration Technology is a recognized leader in aircraft assembly tooling, and we are excited to be working with them to prepare the Superfactory for Overture production,This order will help ensure that the Superfactory is ready for Overture's manufacturing launch in 2024."
Chris Taylor, Vice President of Manufacturing at Boom
Overture will carry passengers at twice the speed of today's fastest passenger jets. As the company announced in January, 2022, Boom will hire more than 2,400 workers at the Superfactory over the next ten years, and recruiting is already underway. Boom also pledged to create over 200 internships for students in North Carolina universities, community colleges, and trade schools, and the first class of these interns is expected in 2023. We are honored that Boom has selected Advanced Integration Technology to design, produce and integrate Overture's Superfactory final assembly line. AIT is proud to use our industry leading expertise in aerospace production system integration to support Boom's vision of supersonic travel, said Michael Wellham, AIT President and Chief Operating Officer. Last week, Boom announced an offtake agreement with AIR COMPANY to purchase up to 5 million gallons of sustainable aviation fuel (SAF) per year through the duration of Overture flight testing in Greensboro, North Carolina. Boom also recently announced three tier-one suppliers that will contribute to key systems on Overture including Collins Aerospace, Safran Landing Systems, and Eaton. Boom is in advanced supplier conversations for several other major components of the aircraft, and also plans to announce its engine partner later this year. In August, American Airlines placed deposits on 20 Overture aircraft and pre-ordered an additional 40, bringing Overture's order book to $26 billion including orders and options.
About Boom Supersonic
Boom Supersonic is transforming air travel with Overture, the world's fastest airliner, optimized for speed, safety, and sustainability. Serving both civil and government markets, Overture will fly at twice the speed of today's airliners and is designed to run on 100% sustainable aviation fuel (SAF). Overture's order book, including purchases and options from American Airlines, United Airlines, and Japan Airlines stands at 130 aircraft. Boom is working with Northrop Grumman for government and defense applications of Overture. Suppliers and partners collaborating with Boom on the Overture program include Collins Aerospace, Eaton, Safran Landing Systems, the United States Air Force, American Express, AIR COMPANY, Climeworks, and AWS.