Aeromexico Reaches Agreement with Lessors

Grupo Aeromexico | September 22, 2020

Aeromexico Reaches Agreement with Lessors
Grupo Aeroméxico, S.A.B. de C.V. today announced that the Company received approval by the United States Bankruptcy Court for the Southern District of New York to modify the majority of its existing aircraft equipment leases into power by the hour agreements ("PBH Agreements") that will substantially reduce Aeromexico's monthly aircraft and engine costs for the duration of the PBH period. PBH Agreements allow for Aeromexico to reset monthly lease costs based on utilization of the equipment at today's market rates, with significant monthly savings, when compared to Aeromexico's original contracted rates.  Such PBH Agreements were entered into between Aeromexico and 27 different leasing companies covering 82 aircraft and 14 spare engines.

Spotlight

The Fourth Industrial Revolution is characterized by an unprecedented speed, scale and scope of technological change, with governments around the world struggling to adapt their approaches to policy and regulation in the face of these transformations. From artificial intelligence driving decision-making of autonomous controls to new materials and propulsion systems that will make flying cars a reality, ministries across the globe require the tools for creative governance that maintains the safety of the skies while enabling the increasing movement of people and goods.


Other News
AIR TRANSPORT

Travelpro® Launches New Flight Crew Recognition Campaign to Reward the Heroes of the Sky This Holiday Season

Travelpro | December 28, 2021

There's no doubt about it, flight crews are the heroes of the sky. That's why Travelpro® – the luggage brand of choice for over 90 airlines globally announced its #SmilesInTheSky campaign, which aims to recognize and reward these unsung heroes this holiday season. As general negativity and even violence against flight crews and airline employees has increased, Travelpro® is looking to shift the sentiment and conversation to create a more respectful travel environment, and recognize crew for everything they do to get us safely to our destination. Starting today through January 14, 2022, Travelpro® is encouraging travelers to share the random acts of kindness they experience from flight crews and airline employees during their holiday travel with the brand on Instagram or Twitter – from the selfless to the heart-warming. In doing so, 50 of these flight crew and airline employees will be recognized with a new Travelpro® FlightCrew™ 5 suitcase for professional use and a $200 gift card to use for a night out with family, or just some much needed rest and relaxation. "Flight crews and airline employees have a difficult job right now and deserve a world of credit for all they do, especially as we head into the busy holiday season, As a brand with deep roots in the airline and larger travel industry, we know that travel wouldn't be the same without these dedicated crew members. It's essential that we recognize and reward them for going above and beyond on the job, all while navigating the challenging landscape that is post-pandemic air travel." -Ofelia Silva, Chief Growth Officer of Travelpro®. But the #SmilesInTheSky campaign doesn't end there. As an added layer, Travelpro® is encouraging travelers to sign its Change.org petition, which encourages everyone to be respectful of one another while traveling, from the moment of check in to the second their plane lands. To sign the petition, visit Travelpro®'s Change.org landing page. Travelpro® was founded nearly 35 years ago by Northwest Airlines Pilot Bob Plath who changed the luggage industry forever when he invented the first Rollaboard® suitcase. Since then, Travelpro® has worked tirelessly to create durable luggage that can withstand everything professional and leisure travelers need, and in doing so has become the luggage brand of choice for over 90 airlines globally. About Travelpro® For over 30 years, Travelpro® has prided itself on design innovation and durability in crafting the highest quality luggage for travelers worldwide. Since transforming the ease of modern day travel with The Original Rollaboard® wheeled luggage, Travelpro® has been the brand of choice for flight crews and frequent travelers. The company is dedicated to building a lifelong relationship with its customers by consistently meeting and exceeding their expectations.

Read More

AVIATION TECHNOLOGY

Air Serbia to grow revenue opportunities with retailing solutions from Sabre

Air Serbia | December 21, 2021

Sabre Corporation (NASDAQ: SABR) announced that Air Serbia successfully implemented Sabre's Dynamic Availability software, which will help the airline to actively respond to evolving conditions with optimized pricing information. Leveraging shopping data as well as information on traveler behavior and other key factors from Sabre's marketplace and other sources, Dynamic Availability applies machine-learning models to generate recommendations that help drive incremental revenue opportunities. The tool allows airlines to optimize their offerings by quickly and precisely responding to changing dynamics with recommendations based on real-time marketplace data. "Pricing is one of the most complex issues in the aviation industry – even more so since the onset of the pandemic, Successful pricing is an important aspect of sophisticated retailing, and airlines like Air Serbia need the right information to help maximize revenue. Beyond unlocking incremental revenue potential, our Dynamic Availably solution reduces the time spent on manual calculations, increases analyst efficiency and allows our customers to focus on delivering a superior traveler experience." -Dino Gelmetti, Vice President EMEA, Sabre Travel Solutions. To further enhance its offering agility and precision, Air Serbia is actively collaborating with Sabre to advance airline revenue management through this period of recovery. As part of this discussion, the airline is exploring opportunities to partner with Sabre on its recently launched Sabre Price IQ product. Considering traveler segment and trip intent from the shopping request combined with artificial intelligence and machine learning, Air Price IQ supports airlines in their efforts maximize revenue opportunities while providing a seamless experience to its travelers. "As we embark on a period of ambitious recovery and growth, building cutting-edge technology using real-time data, artificial intelligence and machine learning will be key to our success, We are excited to partner with Sabre on these intelligent software solutions that will redefine our fare pricing and passenger experience." -Jiri Marek, General Manager Commercial and Strategy at Air Serbia. Air Price IQ is part of Sabre's Retail Intelligence suite. Powered by Sabre Travel AI™ – an innovative capability that integrates Sabre technology with state-of-the-art AI technology and advanced machine-learning services – the new technology will allow airlines to dynamically provide offers to travelers based on preferences, marketplace insights and purchase probability, creating a more personalized and better traveler experience. About Sabre Corporation Sabre Corporation is the leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. About Air Serbia Air Serbia was launched under that name in October 2013 as the national airline of the Republic of Serbia. From three airports in Serbia (Belgrade, Niš, Kraljevo) it flies to destinations in Europe, the Middle East, North America and Africa, in passenger and cargo traffic. The airline also offers long-haul and international destinations in Asia, Australia, North America and Africa via its codeshare partners. Air Serbia's fleet includes one wide-body, 10 narrow-body and 5 turboprop aircraft. Find more information about the activities of the Serbian national airline at Air Serbia Media Centre.

Read More

AVIATION TECHNOLOGY

Nok Air signs two strategic agreements with Sabre to power growth and support the Thai carrier's far-reaching new business model

Sabre Corporation | December 20, 2021

Thai airline Nok Air today announced strategic new long-term agreements with both Sabre Corporation (NASDAQ: SABR) a leading software and technology provider that powers the global travel industry, and its subsidiary company, Radixx, to support the evolution of the carrier's new business strategy. Nok Air has selected an extensive suite of products from Sabre and Radixx to expand distribution and revenue generation opportunities. The agreements support the carrier's repositioning to serve its growing customer base of premium travellers and value-based customer segments. The Sabre and Radixx products will power future business model evolution as Nok Air expands its international operation, develops new airline partnerships and explore further technical capabilities and innovations beyond today. Radixx will provide a fully integrated passenger service system for Nok Air that spans reservations, inventory, pricing, e-commerce, agency distribution, departure control, load control, loyalty and other related capabilities. In parallel, under a new Sabre distribution deal, Nok Air will distribute its airline content across Sabre's global travel marketplace, opening the door to new international markets and growing its Thailand home market on the Sabre Global Distribution System (GDS). "We have ambitious business expansion plans, including launching new domestic and international routes, restructuring our fleet and adding new jets as we transition selected segments to a premium service to reflect our quality service, So, it was imperative to us that we chose the right technology partner to support us in all of our goals to streamline our operations, improve efficiencies and open new revenue opportunities and new markets while improving the experience for our travellers." -Wutthiphum Jurangkool Ph.D., Chief Executive Officer of Nok Air. The carrier, which operates out of Bangkok's Don Mueang International Airport, will utilize the following Sabre and Radixx products as Thailand re-opens to vaccinated international travellers: Radixx Res – Radixx's core passenger system will enable Nok Air to manage all passenger operations and sales channels in order to expand distribution channels and partnerships. Radixx Go and Radixx Go Touch – new digital capabilities to evolve Nok Air's check-in operation at airports, enhance customer service and enable additional ancillary revenue-generation opportunities across airport touchpoints. Radixx Go Touch enables airline employees to transact full airport departure control capabilities from a mobile device, allowing some flexibility from the constraints of physical airport desks and counters. Radixx ezyCommerce – an integrated e-commerce and mobile solution to power Nok Air's business-to-consumer for passengers and business-to-business channels for travel agents and corporates. Radixx Loyalty – new capabilities will enable Nok Air to strengthen the offering of its Nok Air Fan Club, including enhanced online servicing, automation and redemption options for members. Radixx Insight – valuable business data and analytics to enable better decision-making, while powering the airline's internal back-office systems. Sabre's Global Distribution System – to enable expansion into new global markets, ensuring its fares have the widest possible distribution. "We're delighted to further expand our footprint in APAC while opening up access to new global markets and segments for Nok Air as well as providing new digital capabilities for the carrier, creating additional revenue-generation opportunities and, ultimately, enabling Nok to create improved experiences for travellers at all touchpoints." -Chris Collins, Senior Vice President and General Manager for Radixx "At Sabre, we are laying out our strategic plans to create our own catalysts for growth, so we are thrilled to be able to support Nok Air on its own transformational journey, Our new dual-deal alliance with Nok Air, incorporating both PSS and GDS solutions, is the perfect example of how Sabre and Radixx are able to combine synergistic technological offerings to create effective, innovative end-to-end solutions for airlines of all sizes and cost models." -Rakesh Narayanan, Vice President, Regional General Manager, Asia Pacific, Travel Solutions Airline Sales, Sabre. About Sabre Corporation   Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

Read More

BUSINESS AVIATION

Avcon Industries, Inc. ISR Solutions Receives FAA Approval for King Air Wing-Mounted Hard Points and SAT COM Radome

Butler National Corporation | January 21, 2022

Butler National Corporation (OTCQB: BUKS) announces that its subsidiary Avcon Industries, Inc., a leading provider of ISR (intelligence, surveillance, and reconnaissance) and special mission solutions for aircraft, received Federal Aviation Administration (FAA) Supplemental Type Certificate (STC) approval for the installation of hard points, also known as provisions for external stores. The hard points are wing-mounted inboard and outboard with an optional cost-effective SATCOM/BLOS Radome on the Beechcraft King Air Model 200, B200, B300, 350. The collective modification package, including the Avcon lower fuselage ISR POD, defines the new Avcon ISR NG King Air platform. Avcon is increasing its focus on developing ISR Solutions across multiple aircraft platforms. With its expansion of ISR-capable products, Avcon has developed a new subsidiary, Avcon ISR Solutions, to reinforce the Avcon presence in the ISR marketplace. The ISR products are derivative of the commercial products Avcon has developed and installed for more than 50 years. Avcon will continue to develop, manufacture, and install products under its Avcon Industries, Inc. identity for the commercial market in addition to the new Avcon ISR Solutions brand. Avcon received FAA STC approval of: (1) Wing-mounted Hard Points having a payload capacity of up to 325 pounds underneath each wing for the inboard stores (STC SA04178NY) and 225 pounds (per side) for each store on the outboard pylon (STC SA01965WI); with or without the (2) Avcon SATCOM (BLOS) antenna radome KU/KA/X-band (STC SA04204NY). Avcon has deployed its King Air 350 (Model B300) airplane to expand the cost-effective product offerings to create the Avcon ISR NG King Air platform. The Avcon ISR NG King Air includes the Avcon multi-purpose special mission ISR POD (fuselage belly sensor carrying radome/pod compartment), the Avcon hard points with custom-mounted stores, and the Avcon SATCOM Radome. The King Air 350 is the first airplane to be certified with the Avcon Hard Points. Management Comments "We are excited to recognize Avcon's vast experience, specialized ISR solutions, and understanding of the ISR marketplace with the name of Avcon ISR Solutions. Avcon further appreciates the customer interest in the latest and very cost-effective Avcon King Air products. Avcon can timely complete the Avcon ISR NG King Air platform modification that includes the provisions for external underwing stores and SAT COM radome. The Avcon hard points are capable of mounting any NATO stores. Avcon fabricates and installs all the parts associated with the provisions for external stores. Avcon has significantly expanded its potential role in supplying quick turnaround modifications and cost-effective solutions in the King Air ISR / Special Mission Market. I am confident that our customers will find continued confidence in these new Avcon ISR Solutions." -Marcus Abendroth, Avcon President Our Business: Avcon Industries, Inc. is a wholly owned subsidiary of Butler National Corporation. Avcon focuses on the manufacturing and certification of aviation-related products, including special mission solutions, intelligence surveillance and reconnaissance solutions, systems integration, avionics offerings and regulatory compliance solutions. Butler National operates in the Aerospace and Management Services business segments. In addition to the Avcon capabilities, the Aerospace segment also provides controls for weapons systems. Services include temporary employee services, gaming services and administrative management services.

Read More

Spotlight

The Fourth Industrial Revolution is characterized by an unprecedented speed, scale and scope of technological change, with governments around the world struggling to adapt their approaches to policy and regulation in the face of these transformations. From artificial intelligence driving decision-making of autonomous controls to new materials and propulsion systems that will make flying cars a reality, ministries across the globe require the tools for creative governance that maintains the safety of the skies while enabling the increasing movement of people and goods.

Resources