Bamboo Airways Begins Embraer E195 Operations

Bamboo | September 29, 2020

Vietnam’s Bamboo Airways has begun flight operations with its Embraer E195 aircraft. The aircraft are being wet-leased from Denmark’s Great Dane Airlines. However, they do wear Bamboo Airways’ livery.
Since its launch last year, Bamboo Airways has been making waves within the Vietnamese aviation industry. Before the current situation, the airline has been building up its domestic network. Earlier this year, the planned launch of European flights was forced to be delayed by the current circumstances affecting the aviation industry. However, this didn’t stop the airline from operating a series of repatriation flights between Vietnam and Europe.

Spotlight

American Airlines' fleet transformation the past decade was largely impacted by the announced merger with US Airways in 2013. According to Aviation Week's Fleet Discovery Database, over the past 10 years the airline has increased its fleet size by 40%.  American Airlines operates its largest hub at the Dallas/Fort Worth Airport in Texas. American's fleet transformation the past decade was largely impacted by the announced merger with US Airways in 2013.

Spotlight

American Airlines' fleet transformation the past decade was largely impacted by the announced merger with US Airways in 2013. According to Aviation Week's Fleet Discovery Database, over the past 10 years the airline has increased its fleet size by 40%.  American Airlines operates its largest hub at the Dallas/Fort Worth Airport in Texas. American's fleet transformation the past decade was largely impacted by the announced merger with US Airways in 2013.

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AEROSPACE

Infor CloudSuite Aerospace & Defense is Chosen by Alva Industries

Infor, Alva Industries | April 28, 2021

Alva Industries, a revolutionary Norwegian company that designs electric motors and generators for electric propulsion applications, has selected Infor CloudSuite Aerospace & Defense as its ERP system, according to Infor, the industry cloud company. Midport Scandinavia will implement the multi-tenant cloud solution, which will run on AWS. Alva Industries was established in Trondheim, Norway, in 2016, and has since signed large production contracts with companies such as Lockheed Martin and Qinetiq. In addition to focusing on manufacturing programs for the electrification of vessels in the air, on land, and at sea, Alva Industries also manufactures motors for the industrial drone market. Infor has been investing heavily in its verticalization strategy for many years, which means that its CloudSuite solutions provide content tailored to individual sectors based on best practices, as well as related features and business processes tailored to those industries, minimizing risk and driving operational efficiencies. Midport Scandinavia utilizes Infor's implementation methodology, in which process owners from Alva Industries collaborate with Infor and Midport to walk through the processes resulting in a fit/gap analysis. A typical result is a 60:30:10 distribution, in which 60% of the customer's processes correspond to standard software content, 30% need modification, and 10% must be tailored to the needs of the individual company. This means that the solution can be largely triggered early in the process. About Midport Scandinavia Midport Scandinavia is a market-focused Nordic provider of ERP and related business applications with the goal of making complex things manageable and easy to understand. Midport is a privately held company based in Sweden, Finland, and Norway that was established in 2003. Midport is an Infor alliance and gold affiliate with 50+ professional experts specializing in discrete manufacturing, project industry (machinery and equipment), high tech, and maintenance, repair, and overhaul (MRO). About Infor Infor is a global leader in business enterprise cloud software. Infor software, which provides mission-critical enterprise applications to 67,000 customers in over 175 countries, is designed to offer more benefits with less expense and longer-term operating advantages. They empower their 17,000 employees to use their deep industry expertise and data-driven insights to quickly create, learn, and adapt to emerging business and industry challenges. Infor is dedicated to empowering its clients with cutting-edge tools that will help them transform their businesses and accelerate their path to innovation.

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AIR TRANSPORT

Transcend Air Enters Agreement with GE Aviation as Engine Supplier for the Groundbreaking Vy 400 High Speed VTOL Aircraft

Transcend Air Corporation | August 11, 2021

Transcend Air Corporation today announced an agreement with GE Aviation to develop and certify a custom variant of GE’s class-leading CT7-8 turboshaft helicopter engine to power the Vy 400 High Speed Vertical Takeoff and Landing (HSVTOL) aircraft. “We have optimized the Vy 400 design to shatter the current time/cost barriers for regional city-to-city travel,” said Gregory Bruell, Co-Founder and CEO of Transcend Air. He continued, “Our Aerial Regional Transport (ARTTM) service will offer door-to-door costs lower than taking an airline today, while cutting travel time by over two-thirds – and eliminating travel hassles entirely. On top of that, GE's engines can operate on approved Sustainable Aviation Fuel, or SAF, which can help us achieve lower lifecycle carbon emissions.” The vertical takeoff and landing capabilities of the Vy 400 aircraft gives Transcend Air access to demand-rich centers of major cities. The high-speed Vy 400 travels more than 400 miles per hour, making the journey from Manhattan to Boston in just 36 minutes. “We can complete many more passenger trips per aircraft. That combination is key to our revolutionary economics and GE will now provide the engines to deliver it,” Bruell added. Harry Nahatis, Vice President & General Manager of GE Rotorcraft Engines, noted, “We immediately recognized the Vy 400’s disruptive potential in both civil and military rotorcraft applications, and we are excited to contribute our own world-class engines and technical expertise in helping to ensure the Vy’s success.” Peter Schmidt, Co-Founder and COO of Transcend Air, added, “The time is now for this aircraft. We are reaping the benefits of 50 years of technology advances since the pioneering tiltwing designs of the 1960s, including computerized fly-by-wire flight control, aero-acoustics, electric control-surface actuation, the Ballistic Recovery Systems whole-airframe parachute, Sustainable Aviation Fuels, and not least, with GE’s remarkable advancements of their industry standard T700 engine family. On the day it is certified, the Vy 400 will simultaneously become the world’s fastest helicopter AND the world’s fastest single-engine civil turboprop – with CT7-8 power.” ABOUT TRANSCEND AIR CORPORATION Transcend Air was founded to unlock the heart of the city with a regional VTOL air service that will free business travelers from congestion on the ground and in the air. Transcend has developed the Vy 400 as the best solution for city-center to city-center mobility, with door-to-door prices lower than current air travel options, and door-to-door times that are 65% to 80% less. With the award-winning Vy 400 and Reserved Edition Vy 400R, Transcend Air is finally realizing the VTOL promise. ABOUT GE AVIATION GE Aviation, an operating unit of GE is a world-leading provider of jet and turboprop engines, as well as integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.

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BUSINESS AVIATION

SKY Leasing and Wafra Announce Aircraft Leasing Joint Venture

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. SKY will act as manager and servicer of the joint venture’s assets. The joint venture will invest in an initial portfolio of primarily new technology, narrowbody aircraft on long-term leases to leading airlines across North America, Europe, Asia and South America. The initial portfolio has an appraised value of approximately $900 million in asset value across 20 aircraft. “The Wafra investment will expand our financing solutions, provide greater scale, and enhance value to our capital partners and airline customers globally. SKY continues to see strong demand from our airline customer base for new technology aircraft, which provide valuable cost savings to our airline partners,” - Austin Wiley, Chief Executive Officer at SKY Leasing. “We are pleased to expand our relationship with SKY through this partnership. SKY is an established aircraft lessor with decades of experience, deep industry relationships and a track record of success, We recognize the need for creative financing solutions to meet the growing demand of airline customers for next-generation technology. We look forward to working with SKY to build a portfolio of high-quality, in-demand assets.” -Adel Alderbas, Chief Investment Officer of Wafra. Edward Tsai, Managing Director at Wafra About SKY Leasing SKY Leasing ("SKY") is a premier aircraft leasing asset manager with offices in Dublin, Ireland and San Francisco, California. It was founded in 2019, in partnership with M&G Investments which acquired a stake in the business. Since January 2020, SKY Leasing has executed $2.5B of aircraft transactions across its funds under management. As of February 2022, the portfolio has a weighted average age of 1.5 years and weighted average lease term remaining of 11 years. SKY’s corporate mission is to be a leading capital provider to airlines globally for sale and leaseback transactions. About Wafra Wafra is a global investment firm pursuing strategies across the spectrum of alternative investments, including real assets, infrastructure, private equity, real estate, strategic partnerships, liquid markets and venture capital. Wafra, together with its affiliates, manages assets of approximately $28 billion (estimated as of September 30, 2021). Wafra currently has more than 60 investment professionals out of its principal office in New York, and affiliated and associated offices in London, Bermuda and Kuwait.

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