Spirit Offering More Than 30 Flights to Cancun From Major US Cities

Spirit | June 21, 2020

As the travel industry begins to rebound from the devastating impact of COVID-19, many airlines finally feel safe enough to resume their flight schedules.
Among them—Spirit Airlines. As reported by the Riviera Maya News, Spirit, beginning June 26, plans to resume more than 30 flights from major U.S. cities to Cancun, but the airline says that’s still dependent upon travel restrictions being lifted.
During the last week of June, Spirit has 11 flights scheduled to the sunny Mexican city. July brings most of the flights, including ones from cities such as Houston, Dallas, Chicago, Baltimore, Detroit, Atlanta, Philadelphia, Denver, New York, New Orleans, Las Vegas, Austin, Orlando, Pittsburgh, Los Angeles, Boston, Tampa and Ft. Lauderdale and more.

Spotlight

Efficiency is the name of the game in the airport industry, and terminals are streamlining every step of the passenger journey to make the customer experience seamless, ecofriendly and, ultimately, as stress-free as possible.

Spotlight

Efficiency is the name of the game in the airport industry, and terminals are streamlining every step of the passenger journey to make the customer experience seamless, ecofriendly and, ultimately, as stress-free as possible.

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AEROSPACE

Platinum Equity to Acquire Unical Aviation

Unical Aviation | July 20, 2021

Platinum Equity announced that it has signed an agreement to acquire Unical Aviation Inc. and certain of its affiliates from affiliates of the company's founders. Unical Aviation Inc. is a major supplier of aircraft parts and components to the global commercial aerospace industry. Unical Aviation, Unical MRO, Unical 145, and Unical Aero are all part of the deal. The sale to Platinum Equity does not include Unical Defense Inc., a subsidiary that handles government defense contracts. The financial details were not disclosed. Platinum Equity, a global investment company headquartered in Los Angeles with more than $25 billion in assets under management, has extensive experience investing in supply chain and logistics businesses, particularly those in the aviation industry. Unical will operate as a separate entity within Platinum Equity's portfolio. Unical is one of the leading providers of new and used serviceable material to the global aerospace industry, with over 85 million parts in stock and over 1.3 million unique airframe and engine part numbers. Commercial airlines, cargo operators, aircraft lessors, aviation maintenance, repair, and overhaul (MRO) businesses use the company to source, re-certify, and resell aircraft components. In addition, Unical's repair stations are vertically integrated, giving it a competitive edge with quick-to-market service. Unical, founded in 1990 and based in the City of Industry, California, employs over 450 people and serves over 2,100 aviation clients worldwide via a network of dedicated facilities in the United States, Europe, and Asia. About Unical Aviation Unical Aviation is a provider of aftermarket parts and aviation solutions with over 2,100 clients in 91 countries. Unical MRO, with two hangars totaling 125,000 square feet at San Bernardino International Airport, is an FAA 145 Repair Station that offers parking, storage, repair, and demolition for commercial and military airplanes. Unical 145 is an FAA 145 Repair Station specialized in mechanical, hydraulic accessories, aerostructures, landing gear, and parts for Boeing, Airbus, McDonnell Douglas, and Bombardier. Unical Aero is an FAA Approved Parts Manufacturer company with non-OEM, FAA-certified parts, components design, engineering, and manufacturing capabilities. About Platinum Equity Platinum Equity, established in 1995 by Tom Gores, is a global investment company with more than $25 billion in assets under management and a portfolio of approximately 40 operating companies serving customers worldwide. In addition, platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focusing on lower middle-market investment opportunities, are currently investing. Platinum Equity specializes in mergers, acquisitions, and operations (M&A&O), acquiring and operating companies in a wide range of business markets such as manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and others. Platinum Equity has completed over 300 acquisitions in the last 25 years.

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AIR TRANSPORT

Joby Begins its Journey to Becoming First eVTOL Airline

Joby Aviation | July 30, 2021

Joby Aero Inc., a California-based company developing all-electric aircraft for commercial passenger service, announced that it has begun obtaining a Part 135 Air Carrier Certificate from the Federal Aviation Administration (“FAA”) to establish the first eVTOL airline. Joby needs a Part 135 Air Carrier Certificate to operate its revolutionary aircraft as an air taxi service in cities and communities throughout the United States. This is one of three regulatory approvals required for the anticipated launch of Joby’s all-electric aerial ridesharing service in 2024, together with a Type Certificate and a Production Certificate. Joby is now in the first of five phases required to obtain Part 135 certification in 2022. It plans to begin the next stage of the process in August, with the submission of more application materials, including the complete set of airline operating manuals. After that documentation is approved, the FAA will visit Joby locations to monitor training sessions and flying operations before granting final approval. Because Joby’s all-electric vertical take-off and landing (“eVTOL”) aircraft is not expected to be type certified until 2023, the company intends to operate traditional, existing, certified aircraft under Part 135 air carrier certification beginning in 2022 before adding the Joby aircraft to the airline operating certificate once it is certified. Bonny Simi, Joby’s Head of Air Operations, is in charge of the process. He is an aviation expert who held important operational and strategic roles at JetBlue Airways during rapid growth. Simi has also worked as an airline pilot for JetBlue and United Airlines for over 30 years. Joby’s air operations team includes: A number of aviation industry veterans with extensive experience, including Kellen Mollahan, a former MV-22 pilot with the United States Marine Corps, as assistant director of operations. Matthew Lykins, an expert maintenance safety inspector, auditor, avionics technician, and pilot with more than 30 years of experience, is a director of maintenance. Peter Wilson, former lead test pilot with the United States Air Force. Joby’s all-electric aircraft is designed to transport a pilot and four passengers while emitting zero emissions during operation. The aircraft has a range of 150 miles, a top speed of 200 miles per hour, and a revolutionary low noise footprint. Joby agreed with the FAA last year to a “G-1” certification basis for its aircraft in accordance with existing Part 23 requirements for Normal Category Airplanes, with additional restrictions introduced to meet needs specific to Joby’s unique aircraft. As a result, Joby will fly its passenger service using commercial airline pilots certified under existing FAA rules according to this certification approach. In February 2021, Joby announced its plan to combine with Reinvent Technology Partners, a special purpose acquisition company that partners with bold leaders and companies using a “venture capital at scale” approach. RTP has scheduled an Extraordinary General Meeting of Shareholders on August 5, 2021, to vote on the approval and acceptance of RTP’s business combination with Joby. About Joby Joby Aero, Inc. is a transportation company based in California building an all-electric vertical take-off and landing aircraft that it plans to operate as part of a quick, quiet, and convenient air taxi service starting in 2024. The aircraft, which has a range of 150 miles on a single charge and can carry a pilot and four passengers at speeds of up to 200 mph, can transport a pilot and four passengers at speeds of up to 200 mph. It is intended to assist in the reduction of urban congestion and the acceleration of the transition to sustainable modes of transportation. Joby was established in 2009, employs over 800 people, and has offices in Santa Cruz, San Carlos, Marina, California, Washington, D.C., and Munich, Germany.

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BUSINESS AVIATION

Avia Solutions Group to enter into strategic partnership with Certares through a €300 million investment in the Group

Avia Solutions Group | September 14, 2021

Avia Solutions Group is pleased to announce it has entered into a strategic partnership with Certares Management LLC, a leading US-based investment specialist dedicated to the travel, tourism and hospitality sectors, in which Certares will provide a €300 million structured equity investment. The investment will help enable the next phase of Avia Solutions Group's growth plan for services in passenger and cargo aviation, maintenance and engineering, crew training, ground handling and logistics. Avia Solutions Group intends to use the net proceeds from this offering for strategic acquisitions, capital expenditures and general corporate purpose. The partnership with Certares will provide access to Certares's complementary expertise and industry network as well as add new members to ASG Board that will further strengthen the governance of the organisation. Avia Solutions Group is a leading aerospace services group with almost 100 offices and production facilities worldwide. ASG employs over 7,000 highly skilled professionals, serving more than 2,000 clients throughout Europe, Asia, North America, Australia, and far beyond. Avia Solutions Group holds more than 500 licenses for its constantly growing range of activities across multiple business sectors. Its vast portfolio of services to clients include; aircraft leasing and trading, MRO services, business aviation and VIP airline procurement, charter and cargo aviation, pilot and crew training, recruitment services, along with multiple additional services across a wide range of associated operations. Established in 2012, Certares focuses on direct investments in proprietary transactions, leveraging deep sector experience in the travel and hospitality industries, and with a consistent emphasis on partnership with management teams to drive growth. Certares brings together a team with decades of both operational and investment experience in private equity, travel, tourism, hospitality and travel-related business and consumer services. ASG was advised by Morgan Stanley & Co. International plc and White & Case as financial and legal advisers respectively. Certares was advised by Herbert Smith Freehills as legal adviser. About Avia Solutions Group: Avia Solutions Group is a leading global aerospace service group with almost 100 offices and production stations providing aviation services and solutions worldwide. Avia Solutions Group unites a team of more than 7,000 professionals, providing state-of-the-art solutions to the aviation industry and beyond. About Morgan Stanley: Morgan Stanley: & Co. International plc ("Morgan Stanley") is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively as financial adviser to ASG and no one else in connection with the Transaction. In connection with such matters, Morgan Stanley, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to anyone other than ASG for providing the protections afforded to clients of Morgan Stanley nor for providing advice in connection with the Transaction, the contents of this announcement or any matter referred to herein.

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