Praxis Aeronautics

DEFENSE AND SPACE

Spirit AeroSystems Inc. | October 18, 2021

Spirit AeroSystems Holdings, Inc. [NYSE: SPR] held a grand opening event and ribbon cutting ceremony for its National Defense Prototype Center (NDPC), a joint project with Wichita State University’s National Institute for Aviation Research (NIAR). This new research center will significantly expand Spirit’s capabilities and production efficiencies in the defense and space market. NIAR has been a tremendous partner in the development of the National Defense...

AVIATION TECHNOLOGY

Aviation Climate Taskforce | October 28, 2021

Global airline leaders, including Air Canada, Air France-KLM, American Airlines, Cathay Pacific, Delta Air Lines, JetBlue, Lufthansa, Southwest Airlines Co., United Airlines, and Virgin Atlantic, together with Boston Consulting Group (BCG), announce the formation of the Aviation Climate Taskforce (ACT)–a new non-profit organization founded to accelerate breakthroughs in emerging technologies to decarbonize aviation. While aviation currently only contributes around 2-3% on av...

Pinal Airpark | April 26, 2020

Hundreds of airliners idled by the coronavirus pandemic’s impact on the travel industry and other circumstances crowd a southern Arizona airfield where workers are trying to make room for even more aircraft that may not take to the skies again soon. Pinal Airpark just off Interstate 10 between Casa Grande and Tucson, as of last week was providing storage space for approximately 270 aircraft, and manager Jim Petty said most of them were there because of the pandemic. About 250 miles ...

BUSINESS AVIATION

SKY Leasing | February 21, 2022

SKY Leasing (“SKY”), a dedicated aviation investment manager, and Wafra Inc. (“Wafra”), a global alternative investment manager, today announced a joint venture partnership between SKY’s managed funds and certain funds managed by Wafra. The strategic partnership will seek to acquire a diversified aircraft leasing portfolio, targeting approximately $3 billion of investments in new and young next-generation aircraft on lease to leading airlines globally...