AVIATION TECHNOLOGY

Vertical & Heathrow to collaborate on future of urban air mobility

Vertical | October 25, 2021

Vertical & Heathrow to collaborate on future of urban air mobility
Vertical Aerospace ("Vertical"), the global aerospace and technology company that is pioneering zero-emissions aviation, today announces a collaboration with Heathrow Airport to explore how Vertical's VA-X4 electric vertical take-off and landing (eVTOL) vehicle could operate from Heathrow by the mid-2020s.

The agreement between Heathrow and Vertical is a significant milestone for Britain's zero-emissions aviation industry. Both parties will work closely to explore how this new technology can fit into existing operations at the airport, build understanding of the regulatory changes that would be required, maximise potential job opportunities and minimise any potential impacts on communities surrounding the airport.

With speeds of up to 200 mph, Vertical's piloted eVTOL will be able to transport four passengers in near silence from Heathrow to the City of London in 12 minutes, with zero operating emissions and at a cost similar to a taxi. This new agreement comes as interest in the future of urban air mobility is growing, with major airlines already operating at Heathrow keen to see the technology develop. Virgin Atlantic has already announced a partnership for the UK launch of an eVTOL network with Vertical and conditional pre-order options for up to 150 VA-X4s.

By working together, Vertical and Heathrow expect to help Britain maintain its leading position in sustainable aviation technologies and support moves to a low carbon economy to help meet the Government's net zero ambitions to make the UK net zero by 2050.

Vertical's top-tier global customers include American Airlines, Virgin Atlantic, Avolon, Bristow Group, Iberojet and Marubeni Corporation. Through these relationships, Vertical believes that it has the largest conditional pre-order book in the eVTOL industry, of up to 1,350 aircraft worth $5.4bn. Vertical's eVTOL aims to be an industry leader in safety, being on track to be certified to the highest global standards and matching the safety performance of airline passenger jets.

Stephen Fitzpatrick, CEO and Founder of Vertical, said "Vertical continues to partner with world leading organisations such as Rolls-Royce, Honeywell, American Airlines, Virgin Atlantic, Bristow Group and Microsoft. This partnership is a big step forward as we try to get the UK to Net Zero by 2050. This announcement marks the start of an exciting relationship that will help make eVTOLs flying from Heathrow by the mid-2020s a reality."

Chris Annetts, Chief Strategy Officer of Heathrow, said "We are delighted to be partnering with Vertical, a global champion in emissions-free aviation. This emerging technology has the potential to reduce congestion and pollution on local roads, while providing passengers with a best-in-class experience on the cutting edge of modern technology. We look forward to exploring the possibilities of zero-emissions flight together."

"Today's new partnership between Vertical Aerospace and Heathrow Airport is an exciting next step on the pathway to creating the infrastructure needed to support eVTOL operations at our Heathrow hub.  We look forward to working closely with both Vertical and London Heathrow to transform the first and last 100-mile journey of passengers travelling through Heathrow".

Shai Weiss, CEO of Virgin Atlantic

About Vertical Aerospace
Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy group and Europe's largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.

Vertical's unrivalled top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification, allow for a lean cost structure and enable production at scale. Vertical has received conditional pre-orders for a total of up to 1,350 aircraft from American Airlines, Avolon, Bristow and Iberojet, which includes conditional pre-order options from Virgin Atlantic and Marubeni, and in doing so, is creating multiple potential near term and actionable routes to market. In June 2021, Vertical announced a SPAC merger with Broadstone Acquisition Corp (NYSE: BSN). Find out more here.

About VA-X4 eVTOL Aircraft
The four passenger, one pilot VA-X4 is projected to have speeds up to 200mph, a range over 100 miles, near silent when in flight, zero operating emissions and low cost per passenger mile. The VA-X4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel. Find out more: www.vertical-aerospace.com

About Heathrow Airport
Heathrow is the UK's only hub airport and one of the world's top international aviation hubs. The airport is Britain's largest cargo port, helping to drive British trade growth and assisting the country in the fight against COVID-19. Heathrow's aim is to provide passengers with the best airport service in the world and is delighted to have been voted one of the world's top ten airports in the 2021 Skytrax Awards. Heathrow has been awarded the "Best Airport in Western Europe" for the sixth year, and became the only UK airport to win the COVID-19 Airport Excellence Award in recognition of the airport's efforts to keep our passengers and colleagues safe during the pandemic. Heathrow has passed the CAA's COVID-19 Security Assurance Scheme and has secured the Airport Health Accreditation from Airports Council International.

About Virgin Atlantic       
Virgin Atlantic was founded by entrepreneur Sir Richard Branson 37 years ago with innovation and customer service at its core. In 2021, Virgin Atlantic was voted Britain's only Global Five Star Airline by APEX for the fifth year running in the Official Airline Ratings as well as receiving Diamond status, the highest possible standard by APEX and Simpliflying for delivering the highest standards of cleanliness and demonstrating an unwavering commitment to keeping our customers and teams safe. Headquartered in London, Virgin Atlantic and its holiday business, Virgin Atlantic Holidays, employs over 5,700 people worldwide, serving 27 destinations across four continents. Sustainability remains central to the airline and in September 2019, Virgin Atlantic took delivery of its first Airbus A350-1000 aircraft - helping to transform the fleet into one of the quietest and most fuel efficient in the sky. By 2022, the airline will operate a streamlined fleet of 37 twin engine aircraft following the retirement of its 747s and A332s, and its simplified fleet will be 10% more efficient than before the Covid-19 crisis.        

Alongside shareholder and Joint Venture partner Delta Air Lines, Virgin Atlantic operates a leading transatlantic network between the UK and US with onward connections to over 200 US and international cities. On 3 February 2020, Air France-KLM, Delta Air Lines and Virgin Atlantic received approval from the US DOT to launch an expanded trans-Atlantic joint venture, offering a comprehensive route network, convenient flight schedules, competitive fares and reciprocal frequent flyer benefits, including the ability to earn and redeem miles across all carriers.          

About Broadstone Acquisition Corp.
Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, Hugh Osmond, Edward Hawkes and Marc Jonas. It was established to combine with a UK/European business with a strong management team, significant growth prospects, and the opportunity to become a market leader in its sector. Broadstone's executive team has an extensive track record in value creation. The combination of a strong internal team, a network of external resources and the experience of the management team enables us to support rapid, substantial, and lasting growth.

Spotlight

Inmarsat has a long-standing commitment to aviation safety services: airlines the world over trust our range of market leading, secure and reliable global connectivity solutions that set the standard for flight deck communications. More than 90% of the world’s oceanic fleet and over 12,000 aircraft use Inmarsat safety and operational services for communication and surveillance today. In fact, Inmarsat provided 35 million aircraft position reports last year (roughly 100,000 per day) thanks to its satellite network.

Spotlight

Inmarsat has a long-standing commitment to aviation safety services: airlines the world over trust our range of market leading, secure and reliable global connectivity solutions that set the standard for flight deck communications. More than 90% of the world’s oceanic fleet and over 12,000 aircraft use Inmarsat safety and operational services for communication and surveillance today. In fact, Inmarsat provided 35 million aircraft position reports last year (roughly 100,000 per day) thanks to its satellite network.

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Enterprise Holdings, Inc. | December 03, 2021

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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. 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COMMERCIAL AVIATION

LCI Acquires Nova Capital Aviation (Ireland)

Nova Capital | December 02, 2021

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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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