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CDB Aviation Completes Deliveries of 15 New Boeing Aircraft to United

CDB Aviation | January 05, 2022

Boeing News
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced the completion of deliveries of a fleet of fifteen new Boeing aircraft to U.S.-based United Airlines Holdings, Inc. (“United;” NASDAQ: UAL). The sale and leaseback transaction covered a fleet of two 787-9 Dreamliners and thirteen 737 MAX 8 aircraft, which were delivered between 2020 and 2021.

“We want to thank members of both the United and CDB Aviation teams who collaborated on structuring and expediently executing this complex transaction during a particularly challenging period for the industry,”

- Peter Goodman, CDB Aviation Chief Marketing Officer.

Pointing to the importance of building a key strategic relationship with the world’s fourth largest airline measured by revenue while further expanding the lessor’s footprint in the Americas, Goodman emphasized the transaction’s role in “supporting United management’s efforts to streamline their fleet and enhance operating economics as they work toward the resumption of sustained, long-term growth.”

The two 787-9s are powered by General Electric GEnx engines and configured in a 257-seat layout with the new Polaris and Premium Plus cabins. As air travel returns, these widebody aircraft are expected to deliver the advantages of lower fuel consumption and efficient economics to open new routes and markets.

The thirteen 737 MAX 8 aircraft, powered by CFM International’s LEAP-1B engines, feature a total of 166 seats in a 2-cabin layout. The MAXs are operated on the carrier’s short- and medium-haul missions, delivering a reduced environmental impact and an enhanced passenger experience as United advances its long-term strategy to further entrench domestic operations.

“The onset of COVID-19 ushered in the most challenging period in the history of the aviation industry, We are thankful for the partnership we established with CDB Aviation and appreciate their willingness and ability to support United in a meaningful way during this global pandemic.”

- Pam Hendry, United’s Vice President and Treasurer.

“This mandate demonstrated our evolved platform’s robust capabilities and scale as well as our highly competitive position among global lessors, Our commercial team remains focused on identifying ways to deliver wide-ranging and innovative solutions to top-tier airlines, such as United, as they navigate their pathways through the air travel sector’s nascent recovery and position their fleets for post-pandemic realities, with operating economics and sustainability top of mind.”

- Patrick Hannigan, CDB Aviation’s Chief Executive Officer.

About United Airlines
United's shared purpose is "Connecting People. Uniting the World." For more information, visit united.com, follow @United on Twitter and Instagram or connect on Facebook. The common stock of United's parent, United Airlines Holdings, Inc., is traded on the Nasdaq under the symbol "UAL."

About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”) a 37-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE: 1606)

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Sierra Space’s Dream Chaser® Spaceplane Comes to Life

Businesswire | June 06, 2023

Sierra Space, a leading, pureplay commercial space company building the first end-to-end business and technology platform in space, is thrilled to announce the successful power-up of its revolutionary Dream Chaser® spaceplane. Dream Chaser represents a groundbreaking leap in space transportation technology, designed to provide reliable and cost-effective access to space for a wide range of applications. With its unique lifting body design, the spaceplane combines the flexibility of an aircraft with the capabilities of a spacecraft, revolutionizing space travel. The power-up of Dream Chaser signifies the activation of its integrated systems, showcasing the culmination of years of rigorous engineering, design, and testing. Sierra Space simulated the power that will be generated from Dream Chaser’s solar arrays once on orbit. Test engineers plugged that power into Dream Chaser and began turning on systems. Sierra Space exercised flight computers, base processors and low-voltage distribution units. “This is a milestone that points to the future and is a key moment in a long journey for Dream Chaser,” said Tom Vice, CEO of Sierra Space. “With this significant achievement, our Dream Chaser spaceplane is poised to redefine commercial space travel, opening up new possibilities for scientific research, technological advancements, and economic opportunities in space.” The successful test showcases the progress of space technology after years of design and development across Sierra Space, enabled by the accomplishments of many teams from system level design to final assembly and test. Dream Chaser is a reusable, fully autonomous, orbital spaceplane designed to transport cargo to low-Earth orbit (LEO) destinations such as the International Space Station (ISS) and land at conventional runways. Measuring about one-quarter the size of the Space Shuttle, it features autonomous launch, flight, and landing capabilities with a smooth 1.5 low-G re-entry on compatible commercial runways worldwide. About Sierra Space Sierra Space is a leading, pureplay commercial space company at the forefront of innovation and the commercialization of space in the Orbital Age™, building an end-to-end business and technology platform in space to benefit life on Earth. With more than 30 years and 500 missions of space flight heritage, the company is enabling the future of space transportation with Dream Chaser® the world’s only commercial spaceplane and is bringing LIFE™ (Large Integrated Flexible Environment) to low-Earth orbit with its modular, three-story commercial habitation and science platform. Both Dream Chaser and LIFE are central components to Orbital Reef, a mixed-use business park in LEO being developed by principal partners Sierra Space and Blue Origin, which is expected to be operational by the end of the decade. Sierra Space also builds and delivers a host of systems and subsystems across solar power, mechanics and motion control, environmental control, life support, propulsion and thermal control, offering myriad space-as-a-service solutions for the new space economy.

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PASSUR Aerospace Completes Integration of Symphony Portfolio

PRnewswire | April 10, 2023

PASSUR Aerospace, Inc. announced that it has successfully integrated the Symphony product portfolio and team into the PASSUR organization. As part of the transition, all the key Symphony account management, customer success, finance and technical personnel have joined the PASSUR team. PASSUR is now responsible for the development and maintenance of the Symphony product line, as well as the support of all customer contracts. "The Symphony team brings a unique combination of talent, dedication and experience in the areas of airport noise management, flight tracking systems and surveillance data services," said PASSUR CEO Brian Cook. "They are a great addition to PASSUR and will support the continued growth of our business in the global air transport market." With this addition, the Symphony product portfolio becomes part of a global commercial aviation organization whose key focus is growth in the global airport / airline Software as a Service (SaaS) and aviation data services market. PASSUR aggregates data from the world's largest Automatic Dependent Surveillance – Broadcast (ADS-B) network, including over 55,000 terrestrial ADS-B sensors, a global space-based satellite ADS-B network, weather feeds, air navigation service provider data, and airline and airport operator data. Using machine learning /artificial intelligence forecasting and predictions, PASSUR provides airport and airline operators with solutions for real-time situational awareness, alerting, decision support, collaboration, aeronautical fees, and airfield surface management. About PASSUR Aerospace, Inc. PASSUR Aerospace, Inc. is the operations platform of choice for aviation experts, offering a unique combination of global data, decision support, and subject matter expertise solutions to improve operational efficiencies. Our platform and people help deliver actionable-data and user-friendly tools to corporate and operations leadership. Specifically, PASSUR products identify creative ways to minimize and eliminate bottleneck capacity constraints, react to irregular operations (IROPS), restart operations after an interruption in service, and enhance the efficiency of the daily schedule. Our collaborative framework uniquely enhances data sharing, communications, and decision-making within and between stakeholders in an operations ecosystem. PASSUR provides its solutions to the largest airlines and airports globally including in the United States, Canada, and Latin America.

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SpeedBird and Northern Jet Management to Merge, Becoming One of The Top 20 Private Jet Operators in the United States

PRnewswire | March 31, 2023

SpeedBird, a leading luxury private air travel provider based in Orlando, Florida, is excited to announce its forthcoming merger with Northern Jet Management (NJM), the Midwest's largest and most trusted provider of private jet services. This move brings together two talented teams and increases the combined company's fleet to accelerate expansion to more destinations throughout the United States and internationally. The pending transaction, which will close in second quarter 2023, brings the combined company's revenue to more than $110 million. With this announcement, the combined company will have 209 employees, including 98 pilots, and a fleet of 37 aircraft with dedicated customer terminals in Grand Rapids, Michigan; Orlando, Florida; and Naples, Florida., and additional offices in Milwaukee and Chicago. "Through this combination with Northern Jet, we are now positioned to become one of the top 20 private jet operators in the United States," said Chris Bull, founder and chief executive officer of SpeedBird who serves as CEO of the combined company. "We are excited to collaborate with the teams that Northern Jet has in its Grand Rapids headquarters, as well as in Chicago, Milwaukee and Naples. Northern Jet has been a leader in private air travel for business and leisure for more than 30 years, and our collective commitment to superior client service and safety are well-matched. Their extraordinary team, aircraft fleet and facilities are significant milestones forward for us and will continue to elevate our clients' experience." "It was important for us to find a company that shared the same values and commitment to putting our clients first and providing sophisticated and safe service to airports throughout the country and abroad," said Chuck Cox, who has led Northern Jet Management since 1995 and becomes chairman and a shareholder of the combined company. "We found our cultural match in SpeedBird, and we are now collectively positioned to serve our mutual clients with even more opportunities for business and leisure travel." With access to 37 aircraft – including Cessna Citation CJ3s, Learjet 40/45/70/75s, Citation Xs, Challenger 300/350s and Challenger 605s – and a team of 209 total employees, including 98 pilots, the combined company will continue to provide the absolute best in luxury private air travel for clients, all while being an award-winning leader in the industry. The Orlando Business Journal named SpeedBird among its Best Places to Work in 2021. Northern Jet is regularly recognized for its best-in-safety performance rankings from organizations such as the National Business Aviation Association, Air Charter Safety Foundation, Argus International, and in 2020 it was named among "Michigan's 50 Companies to Watch" by the Grand Rapids Business Journal. The combined company now has 30,000 square feet of hangar space in Grand Rapids, 24,500 square feet in Naples and 32,500 square feet in Orlando. Logging more than 20,000 flight hours annually, it is one of the busiest private aviation companies in the United States. "Among post-pandemic developments is the vibrant economic outlook for companies like SpeedBird and Northern Jet, whose innovative approach to private air travel reflects what we see as an immense opportunity for long-term growth in key markets," said Josh Ollek, managing director, aerospace at global investment banking boutique William Blair, which facilitated the merger. About Northern Jet Management Northern Jet Management provides a premier jet travel experience to customers who seek the flexibility, convenience and comfort that private jet travel promises. We maximize our customers' time with uncompromised quality, service and safety through our focus on total customer satisfaction and absolute professionalism. The Company Jet Fractional Ownership Program, Aircraft Management Services and Private Advantage Card Program make Northern Jet Management the premier private jet operator in the Midwest, with bases in Grand Rapids, Michigan, and Naples, Florida. About SpeedBird Personal. Private. Authentic. From takeoff to touchdown, SpeedBird offers a bespoke private air travel experience for the most discerning clients. SpeedBird's elevated experience provides clients with unrivaled comfort and reliability, including a wide selection of luxury private aircraft available on demand. To learn more about SpeedBird, please visit www.flyspeedbird.com.

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Sierra Space’s Dream Chaser® Spaceplane Comes to Life

Businesswire | June 06, 2023

Sierra Space, a leading, pureplay commercial space company building the first end-to-end business and technology platform in space, is thrilled to announce the successful power-up of its revolutionary Dream Chaser® spaceplane. Dream Chaser represents a groundbreaking leap in space transportation technology, designed to provide reliable and cost-effective access to space for a wide range of applications. With its unique lifting body design, the spaceplane combines the flexibility of an aircraft with the capabilities of a spacecraft, revolutionizing space travel. The power-up of Dream Chaser signifies the activation of its integrated systems, showcasing the culmination of years of rigorous engineering, design, and testing. Sierra Space simulated the power that will be generated from Dream Chaser’s solar arrays once on orbit. Test engineers plugged that power into Dream Chaser and began turning on systems. Sierra Space exercised flight computers, base processors and low-voltage distribution units. “This is a milestone that points to the future and is a key moment in a long journey for Dream Chaser,” said Tom Vice, CEO of Sierra Space. “With this significant achievement, our Dream Chaser spaceplane is poised to redefine commercial space travel, opening up new possibilities for scientific research, technological advancements, and economic opportunities in space.” The successful test showcases the progress of space technology after years of design and development across Sierra Space, enabled by the accomplishments of many teams from system level design to final assembly and test. Dream Chaser is a reusable, fully autonomous, orbital spaceplane designed to transport cargo to low-Earth orbit (LEO) destinations such as the International Space Station (ISS) and land at conventional runways. Measuring about one-quarter the size of the Space Shuttle, it features autonomous launch, flight, and landing capabilities with a smooth 1.5 low-G re-entry on compatible commercial runways worldwide. About Sierra Space Sierra Space is a leading, pureplay commercial space company at the forefront of innovation and the commercialization of space in the Orbital Age™, building an end-to-end business and technology platform in space to benefit life on Earth. With more than 30 years and 500 missions of space flight heritage, the company is enabling the future of space transportation with Dream Chaser® the world’s only commercial spaceplane and is bringing LIFE™ (Large Integrated Flexible Environment) to low-Earth orbit with its modular, three-story commercial habitation and science platform. Both Dream Chaser and LIFE are central components to Orbital Reef, a mixed-use business park in LEO being developed by principal partners Sierra Space and Blue Origin, which is expected to be operational by the end of the decade. Sierra Space also builds and delivers a host of systems and subsystems across solar power, mechanics and motion control, environmental control, life support, propulsion and thermal control, offering myriad space-as-a-service solutions for the new space economy.

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PASSUR Aerospace Completes Integration of Symphony Portfolio

PRnewswire | April 10, 2023

PASSUR Aerospace, Inc. announced that it has successfully integrated the Symphony product portfolio and team into the PASSUR organization. As part of the transition, all the key Symphony account management, customer success, finance and technical personnel have joined the PASSUR team. PASSUR is now responsible for the development and maintenance of the Symphony product line, as well as the support of all customer contracts. "The Symphony team brings a unique combination of talent, dedication and experience in the areas of airport noise management, flight tracking systems and surveillance data services," said PASSUR CEO Brian Cook. "They are a great addition to PASSUR and will support the continued growth of our business in the global air transport market." With this addition, the Symphony product portfolio becomes part of a global commercial aviation organization whose key focus is growth in the global airport / airline Software as a Service (SaaS) and aviation data services market. PASSUR aggregates data from the world's largest Automatic Dependent Surveillance – Broadcast (ADS-B) network, including over 55,000 terrestrial ADS-B sensors, a global space-based satellite ADS-B network, weather feeds, air navigation service provider data, and airline and airport operator data. Using machine learning /artificial intelligence forecasting and predictions, PASSUR provides airport and airline operators with solutions for real-time situational awareness, alerting, decision support, collaboration, aeronautical fees, and airfield surface management. About PASSUR Aerospace, Inc. PASSUR Aerospace, Inc. is the operations platform of choice for aviation experts, offering a unique combination of global data, decision support, and subject matter expertise solutions to improve operational efficiencies. Our platform and people help deliver actionable-data and user-friendly tools to corporate and operations leadership. Specifically, PASSUR products identify creative ways to minimize and eliminate bottleneck capacity constraints, react to irregular operations (IROPS), restart operations after an interruption in service, and enhance the efficiency of the daily schedule. Our collaborative framework uniquely enhances data sharing, communications, and decision-making within and between stakeholders in an operations ecosystem. PASSUR provides its solutions to the largest airlines and airports globally including in the United States, Canada, and Latin America.

Read More

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SpeedBird and Northern Jet Management to Merge, Becoming One of The Top 20 Private Jet Operators in the United States

PRnewswire | March 31, 2023

SpeedBird, a leading luxury private air travel provider based in Orlando, Florida, is excited to announce its forthcoming merger with Northern Jet Management (NJM), the Midwest's largest and most trusted provider of private jet services. This move brings together two talented teams and increases the combined company's fleet to accelerate expansion to more destinations throughout the United States and internationally. The pending transaction, which will close in second quarter 2023, brings the combined company's revenue to more than $110 million. With this announcement, the combined company will have 209 employees, including 98 pilots, and a fleet of 37 aircraft with dedicated customer terminals in Grand Rapids, Michigan; Orlando, Florida; and Naples, Florida., and additional offices in Milwaukee and Chicago. "Through this combination with Northern Jet, we are now positioned to become one of the top 20 private jet operators in the United States," said Chris Bull, founder and chief executive officer of SpeedBird who serves as CEO of the combined company. "We are excited to collaborate with the teams that Northern Jet has in its Grand Rapids headquarters, as well as in Chicago, Milwaukee and Naples. Northern Jet has been a leader in private air travel for business and leisure for more than 30 years, and our collective commitment to superior client service and safety are well-matched. Their extraordinary team, aircraft fleet and facilities are significant milestones forward for us and will continue to elevate our clients' experience." "It was important for us to find a company that shared the same values and commitment to putting our clients first and providing sophisticated and safe service to airports throughout the country and abroad," said Chuck Cox, who has led Northern Jet Management since 1995 and becomes chairman and a shareholder of the combined company. "We found our cultural match in SpeedBird, and we are now collectively positioned to serve our mutual clients with even more opportunities for business and leisure travel." With access to 37 aircraft – including Cessna Citation CJ3s, Learjet 40/45/70/75s, Citation Xs, Challenger 300/350s and Challenger 605s – and a team of 209 total employees, including 98 pilots, the combined company will continue to provide the absolute best in luxury private air travel for clients, all while being an award-winning leader in the industry. The Orlando Business Journal named SpeedBird among its Best Places to Work in 2021. Northern Jet is regularly recognized for its best-in-safety performance rankings from organizations such as the National Business Aviation Association, Air Charter Safety Foundation, Argus International, and in 2020 it was named among "Michigan's 50 Companies to Watch" by the Grand Rapids Business Journal. The combined company now has 30,000 square feet of hangar space in Grand Rapids, 24,500 square feet in Naples and 32,500 square feet in Orlando. Logging more than 20,000 flight hours annually, it is one of the busiest private aviation companies in the United States. "Among post-pandemic developments is the vibrant economic outlook for companies like SpeedBird and Northern Jet, whose innovative approach to private air travel reflects what we see as an immense opportunity for long-term growth in key markets," said Josh Ollek, managing director, aerospace at global investment banking boutique William Blair, which facilitated the merger. About Northern Jet Management Northern Jet Management provides a premier jet travel experience to customers who seek the flexibility, convenience and comfort that private jet travel promises. We maximize our customers' time with uncompromised quality, service and safety through our focus on total customer satisfaction and absolute professionalism. The Company Jet Fractional Ownership Program, Aircraft Management Services and Private Advantage Card Program make Northern Jet Management the premier private jet operator in the Midwest, with bases in Grand Rapids, Michigan, and Naples, Florida. About SpeedBird Personal. Private. Authentic. From takeoff to touchdown, SpeedBird offers a bespoke private air travel experience for the most discerning clients. SpeedBird's elevated experience provides clients with unrivaled comfort and reliability, including a wide selection of luxury private aircraft available on demand. To learn more about SpeedBird, please visit www.flyspeedbird.com.

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