AVIATION TECHNOLOGY

Aviation Leaders to Tackle CO2 Emission Challenge

Aviation Climate Taskforce | October 28, 2021

Aviation Leaders to Tackle CO2 Emission Challenge
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 average of global carbon dioxide emissions annually, the number could rise to 20% by 2050 if no action is taken. Aviation is a hard-to-abate sector where dramatically reducing emissions is challenging, and breakthrough innovations are required to help the sector reach net zero.

ACT will stimulate innovation in the next generation of technologies. The majority of its focus will be on critical medium-term solutions, such as synthetic fuel and direct air capture. Over time, the portfolio will expand to include more near-term solutions, such as emerging bio-based Sustainable Aviation Fuel (SAF) pathways, as well as long-term solutions, such as hydrogen technologies. ACT's mission will be supported by two pillars: an Innovation Network and a Collaboration Forum.

ACT's Pillars
ACT's Innovation Network will accelerate technological breakthroughs by focusing on early-stage research. ACT will use proven tools to map the vast amount of research across the ecosystem. With a clear view of the existing networks of innovations available, ACT will provide grant funding and host innovation challenges in order to stimulate new patterns of collaboration and research.

The Collaboration Forum will support the Innovation Network by identifying other ways to jointly reduce carbon emissions, such as expediting the adoption and scale-up of next generation technologies through engagement with experts and thought leaders.

In the future, ACT intends to launch an Investment Fund, in which members and other third parties may participate. The Investment Fund will provide capital to rapidly scale-up emerging technologies that have the potential to dramatically reduce the carbon footprint of air travel.

Over the course of its first year, ACT will concentrate on selecting focus areas within these technologies and setting up the Innovation Network. ACT will welcome additional airlines and participants from across the aviation sector, and more information can be found on its website. ACT will be sharing further details in the coming months.

ACT and its founding members would like to acknowledge the support and assistance of the law firm Wilmer Cutler Pickering Hale and Dorr LLP in developing ACT's legal and constitutional framework.

About the Aviation Climate Taskforce (ACT)
The Aviation Climate Taskforce (ACT) is a non-profit coalition focused on accelerating breakthroughs in emerging technology to drive the decarbonization of the aviation sector. ACT will support the advancement of emerging technologies through two key pillars, an Innovation Network and Collaboration Forum. The Innovation Network will use proven tools to pinpoint collaboration opportunities across the ecosystem, and provide grant funding as well as utilize challenge platforms to tackle critical barriers from novel angels. The Collaboration Forum will identify other ways to expedite the adoption and scale-up of next generation technologies. ACT was founded in 2021 by leading global airlines in conjunction with The Boston Consulting Group.

Spotlight

New Pilot Life Video - Watch what pilots Captain John Woolfson, Relief Captain Matia Fracasso and First Officer Mubashar Kapur say about flying the 787 Dreamliner for Norwegian Long Haul as they show you around what your future office in the sky could look like!

Spotlight

New Pilot Life Video - Watch what pilots Captain John Woolfson, Relief Captain Matia Fracasso and First Officer Mubashar Kapur say about flying the 787 Dreamliner for Norwegian Long Haul as they show you around what your future office in the sky could look like!

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AIRPORT MANAGEMENT

British Airways and Phillips 66 Agree First-Ever UK-Produced Sustainable Aviation Fuel Supply

Enterprise Holdings, Inc. | December 03, 2021

British Airways will become the first airline in the world to use sustainable aviation fuel produced in the UK after signing a multi-year agreement with Phillips 66 Limited. The SAF will be produced at scale for the first time in the UK at the Phillips 66 Humber Refinery near Immingham and will be supplied to British Airways to power a number of its flights from early 2022. The supply agreement between British Airways and Phillips 66 Limited, a wholly owned subsidiary of diversified energy manufacturing and logistics company Phillips 66, advances both companies’ commitments to a lower-carbon future. The airline, which is driving to achieve net zero carbon emissions by 2050, will purchase enough sustainable fuel to reduce lifecycle CO2 emissions by almost 100,000 tonnes, the equivalent of powering 700 net zero CO2 emissions flights between London and New York on its fuel-efficient Boeing 787 aircraft. The SAF will be produced from sustainable waste feedstock at the Humber Refinery, which will deliver its SAF supply to British Airways via existing pipeline infrastructure that feeds directly into UK airports. “This agreement marks another important step on our journey to net zero carbon emissions and forms part of our commitment, as part of International Airlines Group, to power 10% of flights with SAF by 2030. The UK has the resources and capabilities to be a global leader in the development of SAF and scaling up the production of SAF requires a truly collaborative approach between industry and government. We are excited to develop our relationship with Phillips 66 Limited further with a view to growing production capacity and using a wider range of sustainable waste feedstocks to supply our future flights. The development of sustainable aviation fuel is a major focus for us and forms part of our commitment to achieving net zero carbon emissions by 2050 through a series of short-, medium- and long-term initiatives.” - Sean Doyle, British Airways’ Chairman and Chief Executive The airline’s parent company, International Airlines Group (IAG), is investing $400 million over the next 20 years into the development of SAF and British Airways has existing partnerships with a number of technology and fuel companies to develop SAF plants and purchase the fuel. SAF can reduce lifecycle carbon emissions by over 80% compared to the traditional jet fuel it replaces. Humber Refinery General Manager Darren Cunningham, the Lead Executive for Phillips 66 in the UK, said the announcement reflects the importance the aviation and energy industries are placing on sustainability and the continued development, adoption and scaling up of sustainable aviation fuel. “The Humber Refinery was the first in the UK to co-process waste oils to produce renewable fuels and now we will be the first to produce SAF at scale, and we are delighted British Airways is our first UK customer, We’re currently refining almost half a million litres of sustainable waste feedstocks a day, and this is just a start. Markets for lower-carbon products are growing, and this agreement demonstrates our ability to supply them.” - Humber Refinery General Manager Darren Cunningham Last year Phillips 66 Limited invested significantly to expand its production of fuels from waste feedstocks. The investment is part of a broader energy transition plan to reduce the carbon intensity of its refinery operations and products that support 1,000 Humber Refinery jobs. Phillips 66 and British Airways support government plans for a future SAF mandate and a business model for investing in advanced waste to jet fuel projects through participation in the Department for Transport’s Jet Zero Council Delivery Group, of which British Airways and Phillips 66 Limited are members.. About British Airways International Airlines Group was the first airline group in the world to commit to achieving net zero carbon emissions by 2050. The airline is committed to achieving net zero carbon emissions through a series of short-, medium- and long-term initiatives. In the short-term this includes improving operational efficiency, introducing new fuel efficient aircraft, funding carbon offset and removal projects to mitigate emissions on UK domestic flights and progressively introducing sustainable aviation fuels using waste feedstocks, while in the medium to longer term the includes continuing to invest in the development and scale up of sustainable aviation fuel and looking at accelerating the growth of new technologies such as zero emissions hydrogen-powered aircraft and carbon capture technology. About Phillips 66 Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Headquartered in Houston, the company has 14,100 employees committed to safety and operating excellence. Phillips 66 had $56 billion of assets as of Sept. 30, 2021. The Phillips 66 Humber Refinery in North Lincolnshire is considered one of the most sophisticated and energy efficient in the country. It is a leader in the production of specialty coke, a key component for electric vehicle batteries, and participates in the Gigastack long-term project to generate green hydrogen. The refinery also is a participant in the Humber Zero project, which combines carbon capture and storage technology with hydrogen production.

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COMMERCIAL AVIATION

LCI Acquires Nova Capital Aviation (Ireland)

Nova Capital | December 02, 2021

LCI, a leading aviation leasing company, announces an agreement to acquire Nova Capital Aviation (Ireland) Limited, a division of the Nova Capital Group. Nova Capital Aviation (Ireland) Limited represents the twin-engine rotary and fixed-wing aircraft lease division of the Nova Capital Group, with single-engine operations remaining within the Group. The acquisition will result in a substantial expansion of LCI's leasing platform to over 140 twin-engine rotary and fixed-wing aircraft. It will also take the proportion of aircraft deployed on emergency medical services (EMS), search and rescue (SAR), off-shore wind and utility missions, to over 80% of the entire leasing platform. "The Nova brand is highly regarded, and is a major presence in the mission-critical EMS market which perfectly complements our own. Our agreement reflects the current trend towards industry consolidation, and is testament to the robust leasing platform we have built. It expands our customer base, introduces new aircraft types to our fleet, and cements LCI's long-term commitment to growth." - Crispin Maunder, Executive Chairman of LCI Last year, Nova Capital further expanded its fleet with the addition of eight factory new twin-engine EMS helicopters valued at over US$90 million, reaching half-a-billion total fleet value at 2021 year-end. Nova Capital will now focus on the development of its single-engine helicopter, light utility fixed-wing aircraft, and other advanced air mobility operations, in partnership with LCI. "Over 20 years, we have developed a market-leading leasing operation that specialises in providing asset financing solutions to helicopter and fixed-wing aircraft operators, primarily in onshore mission critical services. We are delighted to conclude this agreement with such a complementary business as LCI. Their proven leasing platform, extensive experience in both the fixed-wing and rotary-wing leasing markets, and immersion in mission-critical helicopter operations, makes them a natural choice. I am looking forward to continuing Nova Capital's journey, under this new set-up and exciting partnership" - Olivier Piot, Founder and CEO of Nova Capital LCI has consistently grown in scale and value as it has diversified over time. The lessor's highly experienced management team has built strong relationships with manufacturers, customers and leading financial institutions, and has undertaken in excess of US$8 billion of transactions in the fixed-wing and helicopter markets since its inception in 2004. About LCI Since its inception in 2004, LCI has undertaken in excess of US$8 billion of transactions in the fixed-wing and helicopter markets. LCI is owned by Libra Group (www.libra.com), an international business group with 30 subsidiaries active in 35 countries across six continents. Libra Group's subsidiaries are focused on six core sectors: aviation, energy, hospitality, real estate, shipping, and diversified investments. About Nova Capital Founded in 2002, Nova Capital is a privately owned aviation investment platform, with offices in Ireland, France, and Portugal. The company provides asset financing solutions to Helicopter and fixed-wing Aircraft operators primarily in the on-shore mission critical services space. Nova Capital has established a wide network of valued business partners including major aircraft and helicopter operators, manufacturers, and also financial institutions.

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AVIATION TECHNOLOGY

XO Partners with SCOPE Miami Beach as Official Private Aviation Provider

XO | December 01, 2021

Leading private aviation provider XO announced its partnership with SCOPE Miami Beach, taking place today, November 30 through December 5, as the official private aviation provider for the acclaimed art show's highly anticipated return. Travelers attending SCOPE Miami can book seats on XO's shared charter flights between New York and South Florida, providing art enthusiasts an accessible way to fly private and experience the latest in world-class art activations and cutting-edge installations. This natural partnership intersects the integration of art and technology, providing passengers with an innovative, curated experience from start to finish. While guests immerse themselves in over 140 international exhibits from contemporary artists, including NFTs, they can also visit XO's booth to learn more about XO's innovative technology. This includes predictive analytics and data science supporting individual booking of seats on a private jet by either reserving a seat on an existing flight or creating a new flight and making unused seats available to purchase on the XO mobile app. This revolutionary product allows the existing supply base of private jets to be used more efficiently, increasing availability and reducing cost for innovators and creators looking to make a positive impact through art. "We are proud to be the official private aviation partner of SCOPE Miami Beach this year, as we continue to provide our Members and clients with seamless travel options to and from the world's top cultural events, shows, and festivals, Our shared charter flights are a unique and convenient way to fly private, providing a smooth travel experience from the moment a flight is booked through the XO mobile app to the moment passengers arrive at their destination." - Lynn Fischer, Chief Marketing Officer at XO. "This partnership with XO provides artists and creators attending the show with a curated experience as we look to integrate innovation into all aspects, including transportation, We're thrilled to team up with XO for our 20th annual event, providing our attendees with an elevated flight experience to and from this year's show and beyond." - SCOPE Founder, Alexis Hubshman. Trusted worldwide, XO revolutionizes access to private aviation through unique membership programs, operational excellence, and cutting-edge technology. Everything XO does – such as offering transparent pricing on the XO mobile app, an unparalleled level of service, and fully refundable membership deposits – sets XO apart while providing flyers with an elevated private aviation experience. About XO XO is part of Vista Global Holding, the world's first private aviation ecosystem, integrating a unique portfolio of companies offering asset-light flying solutions to cover all key aspects of private aviation. With experience flying to 187 countries – representing 96% of the world – the Vista Global group of companies completes over 70,000 flights and serves over 150,000 passengers annually. XO's Dedicated Fleet of 130 aircraft is suited to diverse flight duration, trip, and passenger requirements, backed by the knowledge and expertise of an international team, delivering the best end-to-end service to any private aviation customer. In addition to the Dedicated Fleet, the safety-vetted XO Alliance Network gives customers access to 2,100+ aircraft globally, covering the full spectrum of cabin classes. XO has created a leading digital platform in private aviation, with instant booking capabilities. Anyone can use XO's mobile app or website to browse pricing and availability across a range of and global routes and to instantly book private charters and shared flights. Beyond its cutting-edge technology, XO offers unparalleled service and support to provide an end-to-end premium travel experience. All Shared Flights are Public Charters organized by XO Global LLC under 14 CFR Part 380.

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