Allegiant reports 1Q net income drop of 42 percent

Allegiant | April 27, 2017

Allegiant Travel Co., the only commercial airliner operating at the Youngstown Warren Regional Airport, reported a 42.2 percent drop in net income for the year’s first quarter compared to the same time last year.

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BUSINESS AVIATION

Modern Aviation Expands into the Midwest with the Acquisition of the Elliott Aviation FBO at Des Moines International Airport

Modern Aviation | September 26, 2022

Modern Aviation announced today that it has closed the acquisition of the FBO assets and operations at Des Moines International Airport from Elliott Aviation, bringing its total number of locations to thirteen.Modern's new FBO in Des Moines operates on a 17-acre leasehold and offers state of the art facilities and amenities such as conference rooms and workstations, sleep rooms, crew cars and comfortable lounge areas with approximately 145,000 square feet of heated hangar space and 20,000 square feet of office space. Elliott will continue to operate a maintenance, repair, and overhaul business on the airfield. "We are very excited about our new operation in Des Moines, which provides our customers access to our services for the first time in the Midwest. Elliott Aviation has a long history of providing outstanding customer service to its customers through its highly experienced and long tenured employees, all of whom have joined Modern. I would like to extend a warm welcome to the Modern Aviation family to our new teammates and customers. We also look forward to partnering with the Des Moines Airport Authority to continue to grow DSM and benefit the local community." Mark Carmen, Modern Aviation's CEO Greg Sahr, President and CEO of Elliott Aviation, stated, Divesting our Des Moines FBO business to a great partner in Modern Aviation is a win-win for Elliott Aviation, our employees, Modern Aviation, and the Des Moines community. While our FBO employees will continue to provide exceptional service at the DSM location under the Modern umbrella, this divestiture will allow Elliott to focus our efforts and investment on growing our MRO business across our geographic footprint. In addition to Des Moines, Iowa (DSM), Modern Aviation operates at Wilmington, North Carolina (ILM), Seattle, Washington (BFI), Denver, Colorado (APA), San Juan, Puerto Rico (SIG), LaGuardia Airport, NY (LGA), John F. Kennedy Airport, NY (JFK), Long Island MacArthur Airport, NY (ISP), Republic Airport, NY (FRG), Francis S. Gabreski Airport, NY (FOK), Sacramento Executive Airport (SAC), Sacramento International Airport (SMF) and Sacramento Mather Airport (MHR). About MODERN AVIATION Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation's strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality and industry-leading safety. Modern Aviation is backed by the growth-oriented infrastructure private equity fund, Tiger Infrastructure Partners. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.

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AVIATION TECHNOLOGY

Boom Supersonic Announces Second Annual Net Good Summit to Accelerate Path to Net-Zero Travel

Boom Supersonic | September 13, 2022

Boom Supersonic, the company building the world's fastest airliner, optimized for speed, safety, and sustainability, today announced its plans for the second annual Net Good Summit, an invitation-only event dedicated to shaping a more sustainable future for the travel industry. The second annual Net Good Summit will take place October 23-25, 2022 in Del Mar, California. Boom Supersonic convened the inaugural Net Good Summit in November 2021 and hosted sustainability thought leaders and senior executives from American Express, Amazon Air, Climeworks, IWC Schaffhausen, HMMH, Shell Aviation, Oklo, Global Sustainable Tourism Council, U.S. Travel Association, Boston Consulting Group, and more. This October's Net Good Summit will focus on three themes critical to creating systemic change in sustainable travel: enabling the exponential growth of sustainable technologies, integrating sustainability across the travel journey, and engaging and educating the traveler. Among the program speakers already announced are Michael Shellenberger, President, Environmental Progress; Stephanie M. Jones, Founder & CEO, Cultural Heritage Economic Alliance, Inc. and Founder, National Blacks in Travel & Tourism Collaborative; and Steven Davis, Head of Climate Science, Watershed and Professor of Earth System Science at University of California-Irvine. Additional speakers and panelists will be announced as the event programming is finalized. "For travel to remain a net good for society, it must also be sustainable,. We're proud to host the 2022 Net Good Summit, bringing together a dynamic group of thought leaders, sustainability experts and industry leaders to further the sustainable future of travel." Kathy Savitt, President and Chief Business Officer of Boom Supersonic The Net Good Summit is the annual symposium for the Sustainable Travel Forum, which Boom launched late last year to propel learnings from the Summit into solutions. Members of the Sustainable Travel Forum include Amazon Air, Archer Aviation, American Express, American Express Global Business Travel, IDEO, Japan Airlines, Prometheus Fuels, Shell Aviation, South African Tourism, Tourism Australia, U.S. Travel Association, United Airlines, Visit Britain, and Volta Charging. A commitment to speed, safety and sustainability has been at the core of Boom's philosophy since the company's founding in 2014. Overture, the company's supersonic airliner, will be the first commercial airliner program to be net-zero carbon from day one, optimized to run on 100% sustainable aviation fuel (SAF). In May 2022, Boom released its first annual Environmental Sustainability report, detailing the company's achievement of carbon neutrality in 2021 and reiterating its commitment to net-zero carbon by 2025. In July 2022, Boom released the findings of an extensive research project led by Ben Murphy, VP of Sustainability at Boom, and Akshay Ashok Ph.D., Sustainability and Regulatory Specialist at Boom. The report highlights key drivers of exponential growth which can help achieve rapid scaling of the SAF industry. Boom also recently announced a 10-year agreement with Climeworks to remove part of Boom's residual CO₂ emissions from the atmosphere and permanently store them underground. Further adding to Boom sustainability efforts, the Overture Superfactory, which will be designed and built by BE&K Building Group and BRPH, will be LEED certified. Boom was named one of this year's honorees in Travel + Leisure's Global Vision Awards, which highlights changemakers creating more sustainable and responsible travel products, practices, and experiences. About Boom Supersonic Boom Supersonic is transforming air travel with Overture, the world's fastest airliner, optimized for speed, safety, and sustainability. Serving both civil and government markets, Overture will fly at twice the speed of today's airliners and is designed to run on 100% sustainable aviation fuel (SAF). Overture's order book, including purchases and options from American Airlines, United Airlines, and Japan Airlines stands at 130 aircraft. Boom is working with Northrop Grumman for government and defense applications of Overture. Suppliers and partners collaborating with Boom on the Overture program include Collins Aerospace, Eaton, Safran Landing Systems, the United States Air Force, American Express, Climeworks, and AWS.

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DEFENSE AND SPACE

Dassault Aviation accelerates its digital transformation with Capgemini

Dassault Aviation and Capgemini | June 29, 2022

Dassault Aviation and Capgemini have announced the successful deployment and commissioning of a new software foundation leveraging SAP solutions at all of the aircraft manufacturer's French industrial sites. This project is part of the "Piloting our Future" program, Dassault Aviation's transformation plan launched five years ago, aimed at modernizing infrastructures and processes and improving the Group's competitiveness. It represents the achievement of the first major phase in the transformation of the technology used for managing operations. Dassault Aviation called on Capgemini’s expertise in managing major transformation programs of information systems, for this first modernization stage aimed at having a real-time production cost piloting process. Up to 130 people over nearly 4 years were mobilized to put in place a new methodological framework, new collaborative platforms as well as modernized infrastructures, and a means to monitor each stage of manufacturing process (purchase of components, production support and supply chain management), while enabling accelerated production rates for both military and civil programs. "This project marks a turning point in our organic and digital transformation towards a more integrated, coherent operation and therefore ultimately towards better performance for the various professions involved. Despite the global health crisis, we have achieved our objectives. We worked with Capgemini with great trust; they have been agile, constructive, and competent. We will continue our transformation from this solid base to optimize our industrial performance and meet our clients' expectations.” Jean Sass, Executive Vice President, IT, and Chief Digital Officer, Dassault Aviation "We are proud to have contributed to the digital transformation of a major aerospace company by implementing cutting-edge technologies," said Hélène Chinal, Chief Transformation Officer Southern and Central Europe at Capgemini. "Dassault Aviation had a strong desire to accelerate its transformation program and we combined our talents and know-how to build the best system to meet their needs.” About Capgemini Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of over 340,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2021 global revenues of €18 billion.

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BUSINESS AVIATION, COMMERCIAL AVIATION

United and Emirates Expand Market Presence Through New Agreement

United Airlines | September 15, 2022

United and Emirates announced a historic commercial agreement today that will enhance each airline's network and give their customers easier access to hundreds of destinations within the United States and around the world.United will launch a new direct flight between Newark/New York and Dubai starting in March 2023 – from there, customers can travel on Emirates or its sister airline flydubai to more than 100 different cities. Tickets for United's new Dubai flight are now on sale.Starting in November, Emirates customers flying into three of the nation's biggest business hubs – Chicago, San Francisco and Houston – will have access to nearly 200 U.S. cities in the United network – most of which only require a one-stop connection. At eight other U.S. airports served by Emirates – Boston, Dallas, LA, Miami, JFK, Orlando, Seattle and Washington DC – both airlines will have an interline arrangement in place. United and Emirates announced their agreement today at a ceremonial event at Dulles International Airport, hosted by United CEO Scott Kirby and Emirates President Sir Tim Clark, featuring United and Emirates Boeing 777-300ER aircraft and flight crews from each carrier. "This agreement unites two iconic, flag carrier airlines who share a common commitment to creating the best customer experience in the skies,United's new flight to Dubai and our complementary networks will make global travel easier for millions of our customers, helping boost local economies and strengthen cultural ties. This is a proud moment for both United and Emirates employees, and I look forward to our journey together." United CEO Scott Kirby Two of the biggest, and best-known airlines in the world are joining hands to fly people better to more places, at a time when travel demand is rebounding with a vengeance. It's a significant partnership that will unlock tremendous consumer benefit and bring the United Arab Emirates and the United States even closer," said Sir Tim Clark, President Emirates Airline. We welcome United's return to Dubai next year, where our hub Dubai essentially becomes a gateway for United to reach Asia, Africa and the Middle East via the combined network of Emirates and flydubai. We look forward to developing our partnership with United for the long term. Soon customers of both airlines can book these connecting flights on a single ticket making check-in and luggage transfer faster and easier. For example – travelers will be able to visit United.com or use the United app to book a flight from Newark/New York to Karachi, Pakistan or go to Emirates.com to book a flight from Dubai to Atlanta or Honolulu. This agreement will also give the loyalty program members of both airlines more opportunities for more rewards: United MileagePlus® members flying on United's Newark/New York to Dubai flight can soon earn and redeem miles when connecting beyond on Emirates and flydubai and Emirates Skywards members will be able to earn miles when they travel on United operated flights. Eligible United customers will also soon have access to Emirates lounges when connecting to and from United's new Dubai flight. Both airlines have recently announced significant investments in the customer experience. Emirates will retrofit more than 120 aircraft as part of a $2 billion effort that includes elevated meal choices, a brand-new vegan menu, a 'cinema in the sky' experience, cabin interior upgrades, and sustainable choices. At United, the airline will add 500 new Boeing and Airbus aircraft to its fleet with a focus on a new signature interior that includes seat-back screens in every seat, larger overhead bins, Bluetooth connectivity throughout, and the industry's fastest available in-flight WiFi.About United United's shared purpose is "Connecting People. Uniting the World." From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers. United is bringing back our customers' favorite destinations and adding new ones on its way to becoming the world's best airline. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol UAL.

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