BUSINESS AVIATION

AerCap Signs Lease Agreements with Air Europa for 5 Boeing 787 Aircraft and 10 Boeing 737 MAX Aircraft

air europa | August 30, 2022 | Read time : 01:20 min

AerCap Signs Lease Agreements
AerCap Holdings N.V.  today announced it has signed lease agreements with Air Europa Líneas Aéreas S.A.U. for the long-term lease of five Boeing 787-9 aircraft and ten Boeing 737-8 MAX aircraft. The aircraft are scheduled to deliver beginning in 2024 through 2026.Air Europa will become the first Spanish operator of the Boeing 737 MAX aircraft. "Air Europa has been a long-time friend and valued customer of AerCap.  With this landmark transaction for the airline, we are delighted to reconfirm our belief in the Air Europa business and management team and wish them every success with their fleet modernization program," said Peter Anderson, Chief Commercial Officer, AerCap. "The future is bright for the Boeing 787 and MAX programs.  For Air Europa these new technology fuel-efficient aircraft will provide improved cost efficiencies and help them to meet their sustainability commitments. We thank the team at Air Europa for the confidence they have placed in AerCap, and we look forward to working together as these aircraft deliver."

"We are very pleased to reach this agreement with AerCap, with whom we have a long and successful relationship. It reinforces our strategy of unifying the fleet around the most modern, efficient, and sustainable models in the industry. Once again, we are pioneers. Just as we were the first Spanish company to incorporate the Boeing 787 Dreamliner, we are now doing the same by adding the new Boeing 737 MAX to our fleet."

Richard Clark, Managing Director of Air Europa

About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Abu Dhabi, Seattle, Toulouse and other locations around the world.

Spotlight

Global aviation and shipping together produce about 5% of global CO2 emissions, and by 2050 this is expected to rise to 10–32%. Yet these sectors offer some of the most cost-effective emission reductions available today, particularly through improved fuel efficiency.

Spotlight

Global aviation and shipping together produce about 5% of global CO2 emissions, and by 2050 this is expected to rise to 10–32%. Yet these sectors offer some of the most cost-effective emission reductions available today, particularly through improved fuel efficiency.

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AVIATION TECHNOLOGY

Wisk Unveils World’s First Self-Flying, Four-Seat, All-Electric, Vertical Takeoff and Landing Air Taxi

Wisk | October 04, 2022

Wisk Aero, a leading Advanced Air Mobility (AAM) company and pioneer in autonomous, electric flight, today revealed the world’s first self-flying, all-electric, four-passenger vertical takeoff and landing (eVTOL) air taxi. As Wisk’s go-to-market aircraft, Generation 6 represents the first-ever candidate for type certification by the FAA of an autonomous eVTOL.The most advanced air taxi in the world, Generation 6 combines industry-leading autonomous technology and software, human oversight of every flight, and an overall simplified design to deliver one of the safest passenger transport systems in commercial aviation. “In 2010, we set out to find a way to skip traffic and get to our destination faster,That inspiration evolved into a mission to deliver safe, everyday flight for everyone. Over the past 12 years, we’ve pursued that mission through the development of five different generations of full-scale aircraft. Our 6th Generation aircraft is the culmination of years of hard work from our industry-leading team, learnings from our previous generations of aircraft, commitment from our investors, and the evolution and advancement of technology.” Gary Gysin, CEO of Wisk. Wisk is fortunate to be backed by two aviation leaders, The Boeing Company and Kitty Hawk Corporation. Additionally, through its strategic partnership with Boeing, Wisk has a competitive advantage leveraging 100+ years of Boeing expertise in aircraft development, scale manufacturing, and certification. In addition, Boeing’s eVTOL and autonomy engineering resources help further advance Wisk’s development.With this aircraft, Wisk will redefine long-standing concepts of flight and usher in a safer, scalable, and more accessible era in aviation. Wisk’s newest aircraft will set the standard for the air taxi market and the future of travel by leveraging: A Safety-First Approach Through a multifaceted approach - including autonomous flight with human oversight, a simplified design with fewer moving parts, fully redundant systems, and no single point of failure - Wisk’s aircraft is being designed to exceed today’s rigorous aviation safety standards of a one-in-a-billion chance of an accident. Autonomous Flight with Human Oversight Wisk is one of the only AAM companies to pursue a self-flying first approach. This approach is core to the company’s overall strategy and is most importantly a critical element in bringing one of the safest systems to market in aviation. It is also the key to unlocking the scale and the full potential for the broader AAM industry. Wisk’s multi-faceted self-flying first approach includes: Leveraging the same proven technology that accounts for more than 93% of automated pilot functions on today's commercial flights New, innovative technology such as improved detect and avoid capabilities, sensors, and more Wisk’s logic-driven, procedural-based, decision-making software which provides reliable, deterministic outcomes Multi-vehicle supervisors that provide human oversight of every flight and have the ability to intervene when needed Specifications and Performance Wisk’s 6th Generation aircraft leverages key learnings and insights from its previous five generations of eVTOL aircraft to deliver a new level of performance. Cruising speed: 120 knots Range: 90 miles with reserves (~144 kilometers with reserves) Altitude: 2,500 - 4,000 ft above ground Seats: 4 Dimensions: <50 foot wingspan Power: electric Operation: Autonomous with human oversight Design and Configuration Wisk’s 6th Generation aircraft design and configuration includes: Proprietary 12 propeller design and boom configuration with improved propulsion systems. Tilting propulsion units in front of the wing and fixed lift units aft of the wing are optimized for range, improved aircraft control and performance, and efficient energy management. A raised wing design, extended booms, and increased size and number of propeller blades to improve safety, stability, and the passenger experience, while reducing both in-cabin noise and the aircraft’s overall noise footprint. A larger passenger cabin with 4 seats and ample storage for baggage and personal carry-on items, making it one of the most versatile air taxis in the market. Customer Experience Wisk leads the industry in customer research, incorporating key design aspects based on direct feedback from future passengers. Wisk’s 6th Generation aircraft has been designed with a tremendous amount of thought toward safety, comfort, and overall passenger experience.By incorporating an automotive-like interior design, Generation 6 brings an elevated passenger experience. With optimal visibility, a spacious layout, comfortable seats, and productivity features like wifi and charging, passengers will have the flexibility to enjoy the view, be productive, or simply relax. Affordability and Accessibility Wisk’s 6th Generation aircraft is designed to be a service for everyone, with a price target of $3 per passenger, per mile. In addition to affordability, Wisk has made accessibility a cornerstone of its design process. Generation 6 incorporates a number of accessibility features, from an entry and exit designed for individuals across the mobility spectrum, to user interfaces that seamlessly accommodate people living with hearing, vision, and other impairments. Wisk is one of the few industry players that have prioritized catering to such a wide demographic of passengers. Wisk’s History and Industry Leadership We began in 2010 and later merged with Kitty Hawk Corporation. Upon recognizing the commercial potential of Wisk’s 5th generation aircraft, the aircraft, its technology, and team were spun out to form Wisk, with an investment from The Boeing Company. Since 2010, the company has designed, developed, and tested five generations of aircraft and completed over 1600+ test flights, without an accident, using one of the world’s largest full-scale fleets of eVTOL aircraft. In 2014, Wisk was one of the first companies in the world to complete a full transition (vertical takeoff to wingborne flight) and, in 2017, was the first company in the U.S. to fly an autonomous, all-electric, vertical takeoff and landing air taxi designed for passenger use. About Wisk Wisk is an advanced air mobility (AAM) company dedicated to delivering safe, everyday flight for everyone. Wisk’s 6th generation, four-passenger, self-flying, eVTOL (electric vertical takeoff and landing) air taxi represents the first-ever autonomous eVTOL candidate for type certification by the FAA and will make it possible for passengers to skip the traffic and get to their destination faster. Headquartered in the San Francisco Bay Area with locations around the world, Wisk is an independent company backed by The Boeing Company and Kitty Hawk Corporation. With over a decade of experience and 1600+ test flights, Wisk is shaping the future of daily commutes and urban travel, safely, and sustainably. Wisk is on a journey to deliver safe, autonomous, all-electric, everyday flight

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AEROSPACE

Cirium Launches First Phase of Satellite-Based Aircraft Maintenance Tracking

Cirium | November 25, 2022

Cirium has revealed today the aviation industry’s first satellite-based aircraft maintenance tracking feature in its Ascend Profiles module.Its new Ground Events feature enables aircraft and engine manufacturers, maintenance, repair and overhaul service providers, parts suppliers, lessors and insurers to monitor and predict future aircraft maintenance events. This means businesses can better understand when and where an aircraft last had a maintenance event and forecast its next visit. It also helps to identify aircraft transitions and define strategies around how and where maintenance and aftermarket budgets are being allocated by operators or owners. “We are innovators and constantly looking to surface new ideas to empower the aviation industry.“By tracking each Ground Event of an airline’s aircraft, we can identify whether it was for redesigned cabins, new aircraft branding, a maintenance event, or for its return to service.” Jeremy Bowen, CEO at Cirium The first phase of the new Ground Events feature captures all instances when aircraft spend over seven days on the ground and identifies the aircraft registration, airport, arrival date and time, departure date and time, ground event duration (in days) and aircraft age. For specific airlines the feature showcases the types of maintenance activity and the provider. The new feature demonstrates the power of combining Cirium’s unrivaled fleets and advanced satellite-based flight tracking data with the MRO locations and MRO relationships data. In one example, it shows Air France has been redesigning the cabin interiors of all 15 of their Airbus A330 fleet to match the interiors of their A350 aircraft. This reflects the carrier’s focus on enhancing the passenger experience and benefitted the airline when air travel started to return post the COVID-19 lockdowns. All 15 A330s were ready to return to service with the new interiors installed in July 2020. Meanwhile, the feature shows how Lufthansa returned five of their Airbus A340s, which were due for retirement, back into service as the pandemic impacted the deliveries of new aircraft. It further records how the airline partnered with IAC in Dublin to repaint the A340s in the new Lufthansa livery and regular maintenance checks were conducted by Lufthansa Technik Malta, Lufthansa Technik Philippines, and Joramco. Given the increased demand during the pandemic for the shipment of PPE and the rise of ecommerce, Cirium’s Ground Events data shows how Federal Express (FedEx) were able to maximize their fleet and leverage strong relationships with their maintenance provider. FedEx ramped up their cargo flights, utilizing young aircraft – around one-to-eight years old – and maintained a consistent two-year maintenance cycle. The Ground Events feature is part of the Ascend Profiles User Interface (UI) which visualizes aircraft intelligence of airline and lessor profiles and provides quick insights around aircraft types, airport locations, OEMs, MROs and more. The is available as an app and works across desktop, mobile and tablet. Find out more. About Cirium Cirium brings together powerful data and analytics to keep the world moving. Delivering insight, built from decades of experience in the sector, enabling travel companies, aircraft manufacturers, airports, airlines and financial institutions, among others, to make logical and informed decisions which shape the future of travel, growing revenues and enhancing customer experiences. Cirium is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

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AEROSPACE

Spirit AeroSystems Named a Winner of Aviation Week Network’s 65th Annual Laureate Awards

Aviation Week Network | November 09, 2022

Spirit AeroSystems has been named a winner of the Aviation Week Network 65th Annual Laureate Awards , honoring extraordinary achievements in the global aerospace arena. The 2022 Laureate Awards took place on November 3 at the National Building Museum in Washington, DC. Spirit is a winner in the Commercial Aviation category. The company received this honor for reinventing itself during the COVID-19 pandemic to emerge stronger. Preparing for the recovery of the aviation market, the company implemented changes under consideration for years, turning its 20th-century factories into digitally driven lean manufacturing centers. The innovations should position Spirit to ride the resurgence of Airbus and Boeing narrowbody output. Spirit also implemented a diversification strategy that included acquisitions of FMI and select assets of Bombardier that have expanded the company’s capabilities and work scope with new and current customers. “We are so honored to receive this distinction and we are looking forward to celebrating the achievements of the aerospace industry in November, We’ve emerged out of the pandemic stronger by investing in leading technology while enhancing the company’s capabilities to support air travel recovery and diversify business opportunities.” Tom Gentile, CEO, Spirit AeroSystems. All of the winners are making a significant impact in not only the aerospace industry, but in our lives, from sustainability to space exploration to military operations. They are truly on the cutting edge of aerospace and technology, and they are inspiring others,” said Aviation Week Editorial Director Joe Anselmo. “These well deserving individuals and companies were selected by our editors from dozens of applications in each category. During the awards gala, Aviation Week Network bestowed the Philip J. Klass Award for Lifetime Achievement. Four cadets and midshipmen from U.S. military academies were recognized as Tomorrow’s Leaders, honoring young men and women who have chosen career paths in the armed forces. In addition to the Laureate Awards, Aviation Week Network recognized the “20 Twenties” in partnership with Accenture and sponsored by Hexcel. This program recognizes the accomplishments and drive of 20 science, technology, engineering and mathematics students in their 20s and currently enrolled in a master's degree or bachelor's degree program. About Spirit AeroSystems Inc. Spirit AeroSystems is one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the company’s core products include fuselages, integrated wings and wing components, pylons, and nacelles. Also, Spirit serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco. ABOUT AVIATION WEEK NETWORK Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace, and defense industries, serving 1.7 million professionals around the world. Industry professionals rely on Aviation Week Network to help them understand the market, make decisions, predict trends, and connect with people and business opportunities. Customers include the world's leading aerospace manufacturers and suppliers, airlines, airports, business aviation operators, militaries, governments and other organizations that serve this worldwide marketplace. Aviation Week Network’s portfolio delivers award-winning journalism, data, intelligence and analytical resources, world-class tradeshows and conferences, and results-driven marketing services and advertising. Our principle is helping our customers succeed.

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