Air Transport

Altair Selected by Airbus Commercial Streamlines ZEROe Aircraft Development

Altair Selected by Airbus Commercial Streamlines ZEROe

On January 31, 2023, Altair, one of the global leaders in computational science and AI, announced that Airbus Commercial had chosen Altair SimSolid, the revolutionary simulation technology that functions structural analyses on fully featured CAD assemblies within minutes in the ZEROe global initiative. The initiative aims to create the first zero-emission commercial aircraft in the world.

Altair SimSolid will help save the time, money, and hassle of Aibus' design and engineering teams. Altair's simulation technology SimSolid was selected as it will help reduce the elementary part analysis delivery times from days to minutes and sometimes cut the delivery time for complex assemblies from months to less than a week. In addition, the operations and interface of Altair SimSolid are intuitive and easy to implement, allowing users to work without the need to clean geometry or pre-prepare the model. It also allows Aibus's engineering and design teams to explore more design interactions quickly to expedite project timelines further and deliver fast, sustainable innovations.

The goal of the ZEROe project is to create the world's first commercial airline fleet powered by hydrogen propulsion. In addition, the project will further shape the development of future zero-emission aircraft enabling Airbus to explore a variety of configurations of hydrogen technologies. Airbus is working towards a hydrogen-combustion propulsion system with mature technology readiness by 2025.

Christophe Brand, head of airframe methods and tools at Airbus Commercial, said, "By using Altair SimSolid, our teams can explore more design possibilities in a simple, easy-to-implement environment." He also stated, "By not requiring our teams to clean geometries beforehand, Altair SimSolid helps us significantly reduce delivery times and build better products. With it, we look forward to building the future of zero-emission aircraft technology."

(Source: Cision)

About Altair

Founded in 1985, Altair (Nasdaq: ALTR) is one of the global technology leaders of software cloud solutions providers in the areas of simulation, Artificial Intelligence (AI) and high-performance computing (HPC). The company enables organizations from nearly all industries to compete more effectively in an interconnected world. In addition, it helps in creating a greener and more sustainable future. The company is based in Tory (Michigan), recruits top talent, and invests in the global workforce to encourage diversity, innovation, and professional and personal growth.

Spotlight

Spotlight

Related News

Business Aviation, Commercial Aviation, Aviation Technology

CDPQ and SMBC Aviation Capital partner to create USD 1.5 B aircraft financing platform

PR Newswire | January 30, 2024

CDPQ, a global investment group, and SMBC Aviation Capital, the world's second largest aircraft leasing company, announced today that they have finalized an agreement to create a USD 1.5-billion global aircraft financing and leasing platform dedicated to modern, fuel-efficient NextGen aircraft. This new platform will focus on worldwide opportunities in new technology aircraft and target an initial deployment of USD 500 million per year, over three years. SMBC Aviation Capital will source transactions and, under a sistership condition, invest in opportunities alongside the platform. SMBC Aviation Capital will also act as servicer of the platform, which will operate under the banner Maple Aircraft Company Holdings Limited. "Building on CDPQ's experience in the aircraft financing industry, through this new platform, we will continue to provide flexible financing solutions for airlines to meet their future fleet requirements," said Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ. "We're delighted to partner with SMBC Aviation Capital, an industry leader with a successful track record, who has demonstrated their commitment to sustainable aviation, to find the best opportunities in the commercial aircraft industry and to achieve attractive risk-adjusted returns over the long term." "We are pleased to partner with CDPQ on this new platform to benefit our airline customers worldwide," said Peter Barrett, Chief Executive Officer at SMBC Aviation Capital. "CDPQ is an experienced, well respected, global investment group, which is aligned with our own views on capital allocation and a sustainable aviation industry. We look forward to working with our new partners over the coming years on this collaboration."

Read More

Commercial Aviation, Airport Management

Aviation Capital Group Announces Delivery of One A320neo to SAS

Business Wire | January 25, 2024

Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (“SAS”). Featuring CFM International LEAP-1A engines, this is the ninth of ten aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs. To learn more about the aircraft leasing and aircraft management services offered by ACG, visit www.aviationcapitalgroup.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

Read More

Air Transport, Cargo Management, Airport Management

Delta Cargo launches e-commerce solution DeliverDirect in collaboration with SmartKargo

PR Newswire | February 01, 2024

Delta Cargo is excited to announce the launch of its newest product, DeliverDirect, developed in collaboration with SmartKargo. DeliverDirect is a door-to-door delivery service for the U.S. market, offering a competitive and customizable solution for e-commerce retailers seeking to optimize their direct-to-consumer shipping solutions. With DeliverDirect, Delta Cargo pioneers an innovative domestic carrier approach, providing swift service with transparent pricing for e-commerce and small parcel delivery. From initial warehouse pickup to delivery at the end consumer's doorstep, DeliverDirect is a fast, seamless, end-to-end service that upgrades traditional ground or air shipping services utilized by most current e-tailers. Small package shippers will benefit from increased shipping speeds, an uncomplicated pricing structure, proactive alert management, transparent tracking and reporting, and access to Delta's vast domestic network. "We are thrilled to introduce DeliverDirect, our new offer for the small parcel delivery market," shared Alison Ricker, Managing Director, Delta Cargo Global Sales. "Through our strategic collaboration with SmartKargo, DeliverDirect gives e-tailers an alternative transportation solution that fits their customers' requirements, and we envision that this service will prove to be a fast, reliable and cost-effective solution." The DeliverDirect offering can be tailored to shippers' needs with a variety of service innovations that empower customers to customize according to their unique preferences. These service innovations include: personalized pick-up times, geo-fenced notifications for consumers, multiple delivery attempts, signature-required deliveries, proof of delivery with photos, and access to advanced reporting features for a complete comprehensive service that aligns seamlessly with a variety of needs. "E-commerce shippers are looking for simple, faster and more reliable alternatives to deliver their products to consumers. Delta Cargo has a vision for small package delivery that will transform the U.S. market and continue to diversify their already robust offering in the air cargo market. Their innovative approach makes them a fantastic partner for SmartKargo, and we look forward to growing this service together," stated Milind Tavshikar, CEO and Founder of SmartKargo.

Read More