BUSINESS AVIATION

US Air Force and Boom Supersonic Enter into Strategic Partnership

Boom Supersonic | January 12, 2022

Zero Collab News
Boom Supersonic, the aerospace company building the world's fastest and most sustainable supersonic airliner, today announced it has entered into a three year strategic partnership with the U.S. Air Force valued at up to $60 million. The Air Force awarded this contract to Boom through its innovation arm, AFWERX, and its AFVentures division, which is designed to accelerate commercial technologies. Known as the Strategic Funding Increase (STRATFI), the STRATFI contract awarded to Boom is one of the program's largest investments and a significant commitment to the future of supersonic aviation.

The STRATFI contract will accelerate research and development on Overture, Boom's commercial airliner. Overture will carry 65–88 passengers at twice the speed of today's airliners. Designed to run on 100% sustainable aviation fuels, Overture is expected to be the first large commercial aircraft to be net zero carbon from day one. The supersonic airliner is set to enter manufacturing in 2023, roll out in 2025, and begin flying passengers by the end of the decade.

STRATFI funding will accelerate critical design and development initiatives on Overture, including wind tunnel testing and propulsion system definition. The award represents a substantial increase in the Air Force's financial investment in Boom following a SBIR Phase 2 contract awarded in September 2020.

"We are proud of the Air Force's continued support and recognition of Boom's leadership in supersonic flight—and we see our partnership as mutually beneficial, With STRATFI, we're able to collaborate with the Air Force on the unique requirements and needs for global military missions, ultimately allowing Boom to better satisfy the needs of the Air Force where it uses commercially-derived aircraft. As a potential future platform for the Air Force, Overture would offer the valuable advantage of time, an unmatched option  domestically and internationally."

- Boom founder and CEO Blake Scholl.

The new Air Force contract represents a further widening of government efforts to ensure that the U.S. remains at the forefront of supersonic commercial development. Additionally, a derivative of Overture could offer the Air Force a future strategic capability in rapid global transport and logistics. Potential users and applications include executive transport; Intelligence, Surveillance, Reconnaissance; Special Operations Forces; and the Pacific Air Forces (PACAF).

About Boom Supersonic
Boom Supersonic is redefining commercial air travel by bringing sustainable, supersonic flight to the skies. Boom's historic commercial airliner, Overture, is designed and committed to industry-leading standards of speed, safety, and sustainability. Overture will be net-zero carbon, capable of flying on 100% sustainable aviation fuels (SAF) at twice the speed of today's fastest passenger jets. Overture's order book, including purchases and options, stands at 70 aircraft, and Boom is working with the United States Air Force for government applications of Overture. Named one of TIME's Best Inventions of 2021, the XB-1 demonstrator aircraft rolled out in 2020, and its carbon neutral flight test program is underway. The company is backed by world-class investors, including Bessemer Venture Partners, Prime Movers Lab, Emerson Collective and American Express Ventures.

Spotlight

The global population of business jets continues to rise albeit the rate of this increase varies based on type of jet and geographic region. In terms of the growth in the types of jets a review of AMSTAT’s data shows that over the last 5 years the most significant rate of growth, globally, was in the Heavy Jet segment at 25%. Overall growth in the Light Jet category was just under 5% while the Medium Jet group grew at a rate of 4%. Growth/decline in the various geographic regions is detailed.

Spotlight

The global population of business jets continues to rise albeit the rate of this increase varies based on type of jet and geographic region. In terms of the growth in the types of jets a review of AMSTAT’s data shows that over the last 5 years the most significant rate of growth, globally, was in the Heavy Jet segment at 25%. Overall growth in the Light Jet category was just under 5% while the Medium Jet group grew at a rate of 4%. Growth/decline in the various geographic regions is detailed.

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COMMERCIAL AVIATION

Jet Edge to Establish Teterboro Airport Base With Signature Aviation

Jet Edge | January 24, 2022

Signature Aviation, the world’s largest network of Fixed Base Operations (FBOs), and Jet Edge International, a leader in full-service global private aviation, have signed an agreement to occupy Signature’s East facility at Teterboro Airport (TEB) in New Jersey. The New York City area base will grant Jet Edge charter program members, aircraft owners, and its fleet access to dedicated hangar and maintenance space at one of the world’s busiest private aviation airports. A re-envisioned FBO interior is part of a long-term agreement for a 44,000 sq. ft. portion of Signature Teterboro East’s Hangar 202, as well as associated office and workshop space. The introduction of the New York area base will enhance Jet Edge’s offerings in one of the most significant business aviation markets worldwide, guaranteeing consistency and privacy for passengers embarking via one of its private aircraft, in addition to providing benefits for Jet Edge AdvantEdge plane owners. “We are delighted to welcome Jet Edge to its new home at Signature Teterboro East, Signature is focused on offering exceptional experiences and essential support services to business and private aviation customers. Our large-scale infrastructure footprint is a key enabler of travel and our expertise in private aviation handling and real estate is a catalyst for driving mutual value with our partners. We look forward to working with Jet Edge in one of our key geographic markets.” -Virasb Vahidi, Chief Revenue Officer of Signature Aviation. “The New York metropolitan area has been the largest market trailing 3 years for Jet Edge and compliments our already established Signature facility in Los Angeles. New York will be a strategic focus for Jet Edge in 2022 and beyond. We couldn’t be more excited to partner with Signature to provide our clients coast to coast access to a dedicated facilities at Teterboro and Van Nuys.” -Bill Papariella, CEO of Jet Edge About Signature Aviation Signature Aviation is one of the world’s preeminent global aviation companies offering exceptional experiences and essential support services to business and private aviation customers. The company’s large-scale infrastructure footprint enables travel and is a critical global economic driver. Signature operates an industry-leading network of private aviation terminals, with over 200 locations covering key destinations in 27 countries across five continents. The United States is the company’s largest market with operations at 38 of the top 50 busiest airports. The company also offers over 11 million square feet of multi-use office and hangar real estate, providing unique network-wide benefits and advantages to customers who base their aircraft at a Signature location. For more information, please visit www.signatureaviation.com About Jet Edge Jet Edge is a leader in full-service global private aviation. As an integrated super-midsize and large cabin management operator and maintenance provider, Jet Edge services aircraft owners and charter flyers with a world-class operational platform. Jet Edge extends individual clients and corporations 365-day-a-year access to one of the most well-appointed aircraft fleets in the world. Backed by unparalleled award-winning safety programs and overseen by a leadership team with wide-ranging experience in commercial and private aviation operations and management, Jet Edge delivers excellence in aircraft management, charter management, on-demand charter, aircraft sales, and maintenance.

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XR Immersive’s Synthesis VR Launches Industry First DRM Solution to Support Next Generation VR Headsets

SYNTHESIS VR Inc. | February 15, 2022

XR Immersive Tech Inc. (“Immersive Tech”, or the “Company”) (CSE:VRAR) (FSE:79W) (OTCQB: FNTTF) is pleased to announce that its recent acquisition Synthesis VR Inc., (“Synthesis VR”) has launched full support for all Android standalone/mobile head-mount display (“HMD”) VR headsets and XR devices including a first to market digital rights management (“DRM”) solution for its network of over 300 global VR arcade operators and beyond. This allows operators to expand their facilities and take advantage of the latest standalone HMDs and allows content creators to distribute their content to a much wider customer base. This paves the way for operators to be able to launch next generation stand alone hardware systems based on mobile processors. Synthesis VR has expanded its market opportunity by now offering an industry-first solution for both PC-based VR and any Android-based standalone HMD headsets, such as Meta Quest 2, Pico Neo, HTC VIVE Focus 3, and others. Synthesis VR platform update also includes Wireless VR Streaming automation. VR arcade operators can now easily pair HMDs to any PC and wirelessly stream content directly from their central command dashboard. This includes support for Room-Scale and Free-Roam arena VR game streaming for the HTC Focus 3 HMD today, with more headsets to follow. In addition the update will also include an industry-first Synthesis AI Engine technology that recognizes the context of various events and performs automation tasks on behalf of the operators and users. Along with the possibility to license both Room-Scale and Free-Roam content for any hardware platform, the update also includes the industry-only Synthesis Engine technology - an AI that recognizes the context of various events and performs automation tasks on behalf of the operators and the users. The Synthesis VR DRM solution provides support for free-roam arena and room-scale game play using mobile HMD's. The Company believes this is important as it will provide benefits for operators allowing them to take advantage of the increased use of standalone HMDs in the location-based VR industry to either start or more easily scale-up their operations. Sales of Android headsets are estimated to be in the millions of units per year and forecast to grow at an exponential pace, representing increasing opportunities in the LBVR space. The Company believes its first mover advantage and continued innovation will cement it and Synthesis VR as key drivers for growth in the LBVR industry. “We are excited to start 2022 with a product of such importance and to support and drive the growing LBVR industry forward. We work with HMD manufacturers to set open standards and solutions to benefit all parties. This latest solution demonstrates our commitment to innovation and to be a leader in the VR industry as we strive to make our solutions available to all VR devices in the market.” -Shabeer Sinnalebbe, Head of XR Networks and former CEO of Synthesis VR states The team behind Immersive Tech is a blend of accomplished executives coming together under CEO, Tim Bieber (BroadbandTV, CBS Interactive), Director of Franchise Development, Steven Dooner (The VOID, Walt Disney Imagineering, Universal Studios Japan), Kevin Williams (Walt Disney Imagineering, Spider Entertainment), Dan Burgar (VRAR Association President, Shape Immersive), Lance Priebe (co-founder Club Penguin, Disney Interactive) as well as its Directors Alvin Wang Graylin (HTC China President, Virtual Reality Venture Capital Alliance President). ABOUT XR IMMERSIVE TECH INC. Immersive Tech (formerly Fantasy 360 Technologies Inc.) is building the industry's premier location-based Metaverse Platform. Since 2016 the Company has been an industry leader in Social Entertainment, Virtual Reality (VR) and Augmented Reality (AR) entertainment attractions. With its Hardware Platform UNCONTAINED and its Software Platform Uncontained/OS and its growing network of over 300 VR operators through Synthesis VR, the Company helps its stakeholders build user experiences unmatched in realism, depth and immersion. The Company builds experiences on its platforms for some of the world's largest companies including: Intel, Bayer, Capital One, Scotia Bank, the US Food and Drug Administration, Allegiant Airlines and more. ABOUT SYNTHESIS VR Inc. The Synthesis VR journey began in 2015 as a pursuit to create the perfect Location-Based Virtual Reality (“LBVR”) experience for operators and consumers. The team was hard at work prototyping a flexible software solution capable of serving the LBVR segment in many different ways. Soon their efforts grew into establishing one of the very first VR arcades in the world (VR TERRITORY), based in Los Angeles which was opened in June 2016, where all Synthesis VR products were initially tested before release, in real conditions, and with real customers. From those modest beginnings, Synthesis VR has made a profound impact on VR and has grown into a global company with offices located in North America and Europe. Its portfolio is in use by 300 locations all over the world, achieving many important industry firsts along the way. Synthesis VR today delivers solutions for a vast number of business scenarios, including but not limited to room-scale, free roam, racing simulators, coin-op, online widgets and payments, education, online business VR environments, enterprise and many more. Synthesis VR is on an exciting journey to provide the next generation of premium Free-Roam, eSport, and Racing content. Our efforts are accompanied by extensive work done in the field of Room Scale experiences and the standalone Head-Mounted Display (HMD) platforms. We are focused and highly motivated to unleash the LBVR potential and to create additional value on a global scale for the Virtual Reality location-based business segment.

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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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