Air Italy Announces Liquidation And Suspension Of Operations

Simple Flying | February 11, 2020

Air Italy has announced that it will suspend operations from the 25th of February. The Italian carrier will be liquidated following a meeting of shareholders today. Qatar Airways is a key shareholder in the airline, owning 49%. Earlier today many publications were reporting the possibility of liquidation. These were clearly well informed as the airline has officially announced that it will not operate after the 25th of February. Those with bookings beyond this date will be refunded, with flights operating as normal up until and including the 25th of February, albeit by other carriers.

Spotlight

This report updates a 2009 study by the International Council on Clean Transportation (ICCT) that analyzed the sales- and activity-weighted fuel efficiency improvement of commercial jet aircraft from 1960 to 2008 (ICCT, 2009), taking into account new aircraft types and deliveries through 2014.


Other News
AVIATION TECHNOLOGY

Artemis Aerospace discusses aviation in the post-pandemic era and why now is the time for optimism

Artemis Aerospace | February 21, 2022

Jim Scott, owner of components solutions experts Artemis Aerospace, discusses how he sees the aviation industry adapting and emerging from the COVID-19 crisis. The pandemic has changed the aviation industry irrevocably. Unlike any other crisis in the sector's history, COVID-19 not only grounded numerous aircraft, wiped billions from industry revenues and cost 200 million jobs, but it also fundamentally changed consumer behaviour overnight. However, despite these extraordinary setbacks and unparalleled circumstances, as we emerge and recover from the pandemic, one thing has become clear: the aviation industry has a unique opportunity for transformation. The acceleration of some technological advances that were already in the pipeline, such as automation, along with new business models and growing travel demand are sparking the dawn of a new era – one that ultimately has efficiency and environment at its heart. Automation – increasing efficiency in a restricted world While automation has long been a buzzword in the world of aviation, technological advances and investment in automated services for both the commercial and cargo sectors have surged over the last couple of years. Automated innovations have been crucial to maintaining operations throughout the pandemic, instilling passenger confidence and creating safer working environments for employees across the board. There is no doubt that automated innovations will continue to evolve as we navigate the new aviation ecosystem. From touchless check-ins to contactless immigration and supply chain support, automation in a post-pandemic world will generate greater efficiency and help to solve many of the challenges we face going forwards as we work towards getting back to pre-pandemic levels of business. Transforming the business model Traditionally, business travellers have always been the main revenue source for commercial operators with 75% of airline travel profit attributed to passengers travelling for work. However, with business travel unlikely to recover to pre-pandemic levels anytime soon, airlines will have to reinvent and rework their business models to address this. Past crises have demonstrated that business travel takes the longest to recoup. For example, it took four years following 9/11. The added complications brought about by COVID-19, such as the popularity of remote working and online meetings – along with their associated cost savings – has meant it is likely that business travel, while still a necessity in certain situations, will not reach its previous levels ever again. Meanwhile, leisure travel has rebounded more quickly than forecast and, indeed, as long as people have been allowed to fly, the demand has still been there. With this in mind, airlines will need to assess and restructure cabin configurations, landing slots, networks, aircraft sizes and ticket pricing to maximise their potential while business travel remains subdued. However, growth is not limited to passenger traffic and cargo is still estimated to increase – even double – over the coming decade. Ecological advances Despite the lull of the last two years, flights are expected to double in the next 20 years, so, as an industry, we have a responsibility to ensure we are doing everything we can to minimise our environmental impact. Biofuel and electrically powered aircraft are key to reducing the carbon footprint and environmental impact of air travel – and we are closer than ever before to making these a reality for commercial airlines. While there is still some way to go in rolling out biofueled aircraft across the industry, Boeing has already committed to making planes that fly on 100% biofuel by 2030 and even staged the first commercial flight in 2018 using 100% biofuel. Likewise, as far back as 2010, the Swiss company Solar Impulse built an electrically powered aircraft that could run on solar power during a 26-hour trial flight. These advancements have continued, with Harbour Air's thirty-minute flight of its six-passenger DHC-2 de Havilland Beaver and NASA's new all-electric plane that is currently in development. It is possible that, much like motor vehicles, jet planes will eventually become hybrid alternatives with the benefit of reducing environmental impact, cuttings fuel costs and lowering maintenance expenses. Aviation – at the forefront of innovation As an industry, aviation has achieved so much. Not only has it become one of the safest and most reliable modes of transportation in the world, it has also contributed exponentially to social and economic development. The allure of travel and connecting people with places – along with cost-effective and quick methods of transporting cargo – will always be attractive options and undoubtedly this will continue well into the future. The question now is not "Will aviation reach pre-pandemic levels?" but "When will it surpass pre-pandemic levels?"

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COMMERCIAL AVIATION

Jet Edge Adds Challenger to Its Coast-to-Coast Program, Launches Transcon Program as Part of Overall Membership Program Expansion

Jet Edge | December 18, 2021

Jet Edge is closing the year with an expansion of its successful coast-to-coast Gulfstream program to include its Challenger fleet (300/350/605/650 series). Jet Edge celebrated its 25th of 35 new deliveries last week with another 10 slated thru May 2022. By June 1st of 2022, both the Challenger 300/350/605/650 and Gulfstream 4SP/450 aircraft will be fully outfitted with brand new state-of-the-art interiors, avionics, branded livery, and in-cabin features. Jet Edge Reserve members will now be able to fly coast-to-coast on a Challenger starting at $39,900. In addition, Jet Edge is announcing a new transcontinental program to include non-coastal hubs like Las Vegas, Salt Lake City, Bozeman, Aspen, Nashville and Scottsdale among others for flights of four hours or more, also starting at $39,900. “Our Reserve Member base has continually asked us to extend our coast-to-coast offering to our Challenger aircraft as well as develop a larger transcontinental footprint and we are delivering an enhanced program for CL300/350/605/650 flyers that complements our industry leading Gulfstream program,” - Jet Edge Chief Commercial Officer, Jonah Adler. The company is also closing 2021 with a 7.5% fly FET free bonus credit for Jet Edge Reserve Black members who join by December 31st. The Reserve program is fully refundable with no expiration, a distinct offering within the private aviation industry. “As the only membership charter company domestically to have taken delivery of 25+ state of the art super-mid and large cabin aircraft this year, closing the year with an opportunity for Reserve Black members to fly on the charter industry’s most advanced fleet FET-Free, for as long as they’d like, is an exciting way to finish the year,” - Jet Edge Chief Business Officer Steve Malvesta. About Jet Edge Jet Edge is the largest operator of super-midsize and large cabin private jets in private aviation. The Jet Edge fleet features the highest in third party aviation safety certification, immaculate interiors, finest cabin amenities, and the fastest high-speed Wi-Fi in the sky. With Jet Edge Reserve, members enjoy exclusive benefits and dynamic pricing with the most client-friendly terms and conditions in the industry. Reserve membership is fully refundable with no annual fees and no expiration. All Jet Edge flights are backed by a fleet that delivers the highest level of safety and cleanliness standards in private aviation.

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BUSINESS AVIATION

United Becomes First U.S. Airline to Sign Agreement to Purchase Sustainable Aviation Fuel Overseas

United Airlines | May 11, 2022

United, which has invested in more sustainable fuel production than any other airline in the world, became the first US airline to sign an international purchase agreement for sustainable aviation fuel. The airline has signed a new purchase agreement with Neste that provides United the right to buy up to 52.5 million gallons over the next three years for United flights at Amsterdam's Schiphol Airport, and potentially other airports as well. "Reducing carbon emissions from fuel is the fastest way United will reach our 100% green goal by 2050. As the airline that has invested more than any other airline in sustainable aviation fuel production, it makes sense to expand our network of partners internationally with a leading company like Neste. The demand from our customers to limit their emissions from flying is growing exponentially, and this agreement means that United customers flying from Amsterdam, and potentially more airports, will be partners in our sustainability efforts." Lauren Riley, United's Chief Sustainability Officer Neste will provide United with 2.5 million gallons of SAF in Amsterdam in the first year. United will also have the right to purchase up to 20 million gallons in the second year, and up to 30 million gallons in the third year, at Amsterdam or other locations that Neste can supply throughout the globe, as Neste increases its SAF production. This supply agreement is enabled by Neste's ambitious growth strategy, which will see the company producing 515 million gallons of SAF (1.5 million metric tons) per year by the end of 2023. Neste has been producing and delivering SAF since 2011 and has a proven track record of supplying SAF to customers in Europe, Asia and the Americas. "We're excited to be partnering with United in this milestone purchase agreement and make our SAF available to United, also an industry leader in SAF investments," said Thorsten Lange, Executive Vice President, Renewable Aviation at Neste. "Our global, fast-growing SAF production and supply chain supports airlines and their customers in reducing greenhouse gas emissions. Neste is committed to helping aviation transition to a more sustainable future, and we look forward to expanding our cooperation with United." SAF delivers the performance of conventional jet fuel but with a significantly smaller carbon footprint on a lifecycle basis. Neste's SAF reduces lifecycle greenhouse gas emissions ("GHG") by up to 80% compared to conventional jet fuel and burns cleaner than conventional jet fuel reducing non-CO2 emissions, including particulate matter (PM). Neste MY Sustainable Aviation Fuel™ is produced from 100% sustainably sourced renewable waste and residue raw materials, including used cooking oil and animal fat waste. United has aggressively pursued strategic investments in SAF producers and revolutionary technologies including carbon capture, hydrogen-electric engines, electric regional aircraft, and urban air mobility. United has invested in more SAF production than any other airline globally.

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BUSINESS AVIATION

AgEagle Announces Enhancements to Measure Ground Control, Designed to Support and Manage Autonomous Drone Operations of Any Scale

AgEagle Aerial Systems, Inc. | May 16, 2022

AgEagle Aerial Systems Inc. an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, announced new and enhanced technological features and capabilities of Measure Ground Control, helping to drive greater value from autonomous drone operations for enterprise customers and professional drone service providers spanning a wide range of industries. Offered as Software-as-a-Service, Measure Ground Control continues to earn the trust and fidelity of its blue chip, industry-diverse customers by providing a single platform to automate flight management systems safely and securely; easily manage drone programs of any scope and scale; and process, analyze and share drone-captured image data and visualization necessary for assessing risks, improving workflow processes and achieving time and cost efficiencies across enterprises of virtually any size. With the aim of empowering AgEagle’s customers to readily extend their reach and human capability through adoption of scalable autonomous drone programs, Measure Ground Control users can While AgEagle’s origins are rooted in Agriculture, its ‘Ag’ distinction now more closely correlates to the Company’s ‘agnostic’ approach to serving the global autonomous robotics industry through delivery of solutions that help its customers achieve specific goals and objectives from their respective drone operations. “Ground Control was literally built from the ground-up, working closely with customers to intimately understand their unique needs, frustrations and challenges and to solve real human problems. As a result, our performance-driven software platform avails scalable, autonomous drone programs that are incredibly easy to deploy and manage and from which our customers’ can aggregate vast amounts of data and deep insight necessary to make important, well-informed decisions in their day-to-day business operations – be it an Energy, Infrastructure, Agriculture or other commercial enterprise,” Barrett Mooney, Chairman and CEO of AgEagle Continuing, Mooney said, “Ground Control can be readily and affordably integrated into existing processes and IT systems – and integrated with the latest advancements in drone hardware, sensors and tools – facts which we view are central to our software’s ultimate value proposition for current and future customers. Moreover, in addition to our working towards ensuring that Ground Control works seamlessly with AgEagle’s growing line of US government approved fixed wing drones and sensors, we also welcome opportunities to collaborate with other leading drone solutions companies on integration initiatives to help push the limits of autonomous flight in industries where commercial drone programs are having pronounced impact on business economics, workforce safety and workflow efficiencies.” Measure Ground Control is currently compatible with DJI’s Inspire, Mavic, Matrice, Phantom and Spark branded drones; as well as Parrot’s Anafi, Anafi Thermal and Anafi USA drones. Native U.S.-made apps, equipment and other tools supported by Ground Control include RedEdge-MX, Wing’s Open Sky, Pix4D, Scopito, AirMap, Azure and AWS storage servers. Ground Control also provides for a robust API that allows for the integration of many other in-house programs and third party solutions, including ESRI QGIS, Power BI, Salesforce, CHEQROOM and others. About AgEagle Aerial Systems Inc. AgEagle and its wholly owned subsidiaries are actively engaged in designing and delivering best-in-class drones, sensors and software that solve important problems for our customers. Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, AgEagle is a leading provider of full stack drone solutions for customers worldwide in the energy, construction, agriculture and government verticals.

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Spotlight

This report updates a 2009 study by the International Council on Clean Transportation (ICCT) that analyzed the sales- and activity-weighted fuel efficiency improvement of commercial jet aircraft from 1960 to 2008 (ICCT, 2009), taking into account new aircraft types and deliveries through 2014.

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