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.
The Sterling Group | March 03, 2022
The Sterling Group ("Sterling"), an operationally-focused middle market private equity firm, is pleased to announce the acquisition of West Star Aviation, LLC ("West Star") from Norwest Equity Partners. West Star is a provider of maintenance, repair, and overhaul ("MRO") services to the business aviation industry providing maintenance, modification, and other services to aviation customers. West Star provides services at four primary locations in East Alton, Illinois; Grand Junction, Colorado; Chattanooga, Tennessee; and Perryville, Missouri, as well as fifteen mobile repair bases and satellite MRO facilities. West Star also provides parts distribution and composite repair services through its Avant and DAS businesses respectively.
Sterling has deep experience in the business aviation industry, having previously partnered with entrepreneur owners to build Lynx, an FBO Network. Greg Elliott, a Partner at The Sterling Group, has been involved in building several business aviation platforms in the past twenty years, including as either Chairman or Board Member of Lynx, Encore, Trajen, and Landmark Aviation.
"We believe that our experience coupled with West Star's industry-leading customer service capabilities will make us a powerful combination, Jim Rankin has built a stellar leadership team, and we are eager to help accelerate their growth plans."
-Greg Elliott, Partner at The Sterling Group.
"Sterling's employee-focused approach to their business partnerships and their expertise in the general aviation space makes them the perfect fit for West Star, As we enter our 75th year, the combined efforts of our experienced employees, our founders, and now the Sterling team, will allow West Star to continue to offer the best customer experience in the industry,"
-Jim Rankin, CEO of West Star Aviation.
West Star has been voted the #1 Preferred MRO for eight consecutive years from 2014-2021 in Professional Pilot Magazine's annual PRASE Survey. The survey first included the 'Most Preferred MRO' category in 2014 and West Star has won the #1 slot each year since its inception.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 62 platform companies and numerous add-on acquisitions for a total transaction value of over $14.0 billion. Sterling recently closed its fifth investment fund with $2.0 billion in commitments and currently has over $5.7 billion of assets under management.
Tetra Tech, Inc. | May 04, 2022
Tetra Tech, Inc. a leading provider of high-end consulting and engineering services, announced that it was awarded U.S. Patent Number 11,269,957 for its proprietary Volans™ 3D animation and visualization software. Volans™ saves the aviation industry significant time and money in meeting their sustainability goals of building a net zero sustainable aviation system.
Volans™ is used extensively for environmental analysis and visualization by the Federal Aviation Administration (FAA) and air navigation organizations in Canada, Australia, South America, and Europe; and local airport authorities.
The patented software provides a platform to efficiently assess environmental impacts of air traffic activity with unprecedented speed and simplicity. Volans™ unique method of performing noise and carbon emissions analysis in conjunction with the FAA’s Aviation Environmental Design Tool (AEDT) is applicable worldwide.
The creation of Volans™ is attributed to Tetra Tech software engineers Mark Karmelich, Paul Dunholter, Paul Ziegler, and Robert Milton. Co-author Mark Karmelich said, “Our customers were spending days at a time running environmental modeling for large airport studies. We invented a way to cut down this time by a factor of 10, something no one else was doing.”
“The Tetra Tech Federal Information Technology Group has been providing lifecycle services to support the FAA and other aviation authorities in their mission to deliver safe and sustainable aviation systems for more than 20 years. We use our Leading with Science® approach and Tetra Tech Delta technologies, such as Volans™, to help our clients solve some of their most important challenges. Patenting our work protects the value of Tetra Tech's intellectual property, enabling us to continue to enhance these innovative technologies for our clients.”
Tetra Tech Chairman and CEO Dan Batrack
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients.
Boeing | January 07, 2022
Boeing [NYSE: BA] and Atlas Air Worldwide today announced an order for four 777 Freighters. The order, placed in December, rounds out a record-setting 2021 for Boeing's freighter family including new-production and converted models. Boeing has forecast that the global freighter fleet will grow by 70% in the next 20 years, with freight carriers such as Atlas Air supporting a rapidly expanding global e-commerce business and evolving supply chains.
"We are excited to expand our fleet and service offerings for our existing and prospective customers with these four new 777s. With the best team in the industry as well as our focus on innovation and prudent fleet management, Atlas is serving the evolving needs of the global supply chain and delivering value for our customers,"
- John W. Dietrich, Atlas Air Worldwide president and CEO.
Boeing's market-leading 777 Freighter is the world's largest, longest-range and most capable twin-engine freighter, with the lowest trip cost and highest reliability of any large freighter. With a range of 4,970 nmi (9,200km), the 777 Freighter can carry a maximum revenue payload of 102 tonnes (224,900 lb), while reducing fuel use and CO2 emissions compared to prior airplanes. This capability and exceptional efficiency translate into significant savings for cargo operators, with fewer stops and associated landing fees.
"We are honored that Atlas Air Worldwide, as a global leader in airfreight, has once again selected to grow with Boeing and our freighter family. These new 777 Freighters provide Atlas with more capacity, fuel efficiency and operational flexibility for its customers, As air cargo demand continues to grow, we're confident that the efficiency, capability and flexibility of our freighter family will meet customer needs now and in the future."
-Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.
Through November, Boeing had surpassed the previous freighter record including 80 orders for new production freighters and more than 80 orders for converted models. The company will announce full-year 2021 orders and deliveries on January 11.
Atlas Air currently has 14 777s and is the world's largest operator of 747 Freighters, with 49 in its fleet. These two models, in particular, are designed to partner seamlessly, enabling operators to transfer tall and outsized cargo loads easily between the two on 3-meter (10-foot) tall pallets. The cargo and passenger carrier also operates a fleet of 767 and 737 airplanes.
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity.