BUSINESS AVIATION

Amid the Sudden COVID-19 Surge, National Airlines Airlifts Testing Kits to Various U.S. States

National Airlines | January 13, 2022

Sign News
Responding to the sudden surge in COVID-19 cases in the U.S., National Airlines is airlifting testing kits to different states in the country. During this month-long mission, in a series of N8 B747-400F flights, around 4,000,000 testing kits will be delivered to the respective state authorities for distribution across hospitals and COVID-19 testing centers. Flights originating from Chinese regions like Shanghai (PVG), Zhengzhou (CGO), Wuhan (WUH), and Tianjin (TSN) are headed to New York (JFK), Los Angeles (LAX), Texas (IAH), and Chicago (ORD) with the testing kits.

Later this month, National Airlines is also shipping COVID-19 testing kits to Canada and the U.K. from South Korea and China. Lately, new variants of the COVID-19 virus are triggering a sudden spike in cases and there is an immediate requirement for multiple batches of testing kits, as early detection is vital to controlling the virus spread especially among children and those going back to work.

"This is yet another mission by our teams to support governments in mitigating the recurring COVID-19 spread. Our aircraft, crew, and teams will continue to ensure the timely delivery of emergency medical supplies and equipment to support the various nations fight against COVID-19."

- Mr. Christopher J. Alf, Chairman, National Airlines.

Since the start of the COVID-19 pandemic, National Airlines, with its B747-400 Freighter fleet of six aircraft, has been at the forefront partnering with International Governments and Aid Agencies, coordinating missions, and delivering immediate medical supplies such as protective masks, PPE kits, oxygen cylinders, COVID-19 vaccines, and other equipment to crisis-hit regions.

About National:
National Airlines is a U.S. FAA-certificated Part 121 air carrier, with a fleet of six B747-400F's, A330-200, and B757-200 which provides global cargo and passenger solutions. National Air Cargo offers international freight forwarding, sea-to-air multi-modal transportation and logistics solutions worldwide. Established in 1990, the global reach of National is maintained via global operations centers and strategically located offices in the U.S., Middle East, Germany, Spain, Netherlands, Malaysia, and Hong Kong.

Spotlight

Airbus is a leading supplier of integrated aviation services built around expertise of the aircraft manufacturer with the most modern and comprehensive product line. Creating value for customers, working with operators, owners, MROs and lessors, Services by Airbus enhances fleet performance with the expertise of an aircraft designer and manufacturer. Blessed with the company’s pioneering spirit, Services by Airbus has innovative solutions and latest offering on the services market.


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AIRPORT MANAGEMENT

United Applies to Launch Historic, First-Ever Nonstop Service between Washington, D.C. and Cape Town

United | May 21, 2022

United Airlines announced today it has filed an application with the U.S. Department of Transportation (DOT) for three weekly nonstop flights between Washington, D.C. and Cape Town, South Africa. If approved, United's flights will become the first nonstop service ever between Washington D.C. and South Africa's legislative capital, Cape Town. This long-overdue route will benefit important government-to-government connections and increase communication and commerce with a region that has strong cultural ties to South Africa. United's proposed service would begin Nov. 17, 2022, and operate on 787-9 aircraft, maximized to meet consumer demand and benefit both U.S. and South African travelers. If approved, the flights between Dulles and Cape Town will connect 55 cities across the United States to Cape Town, representing more than 90 percent of the entire U.S. travel demand to Cape Town. United's Washington Dulles hub is a gateway to the nation's capital and elsewhere, operating more than 230 daily flights to nearly 100 destinations around the world – including more than 10 world capitals and new service to Accra, Ghana and Lagos, Nigeria. From creating new jobs, to supporting key civic and aid organizations, United has taken tremendous pride in growing our family and operations in South Africa, and across the African continent, If awarded by the DOT, this historic nonstop service will significantly enhance travel options for consumers, strengthen ties between our countries legislative and diplomatic epicenters, and benefit thriving travel and tourism industries serving our respective countries." Patrick Quayle, United's Senior Vice President of International Network and Alliances. United has worked diligently to develop an African network to promote competition and provide affordable and consistent service options for U.S. travelers. The service will supplement United's existing flights to four cities in three countries in Africa. It will also allow customers to connect in Cape Town to other points in South Africa, and to other countries in the southern region of the African continent with its South African based partner Airlink and their Cape Town hub. The Washington D.C. to Cape Town route is the largest between the U.S. and South Africa without nonstop service. D.C. is the second largest point in the U.S. for Cape Town demand and holds the fifth largest South-African-born population. United's proposed weekly flights will address this gap and complement United's existing South Africa service between New York/Newark and Cape Town and Johannesburg, providing nearly daily service to Cape Town offered by a single carrier. United also maintains a close relationship with the Mandela Foundation and BPESA (Business Processing Enabling South Africa) a not-for-profit company that serves as the industry body and trade association for Global Business Services in South Africa. United recently announced a collaboration with travel company Certified Africa. Certified Africa's mission is to make travel to African countries easy, immersive, and life changing for millions of the African Diaspora across the United States. About United United's shared purpose is "Connecting People. Uniting the World." From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, 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.

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BUSINESS AVIATION

Advanced Space Announces CAPSTONE Separation To Start Solo Journey Mission to Moon for NASA

Advanced Space | July 05, 2022

Advanced Space LLC., a leading commercial space tech company pioneering the pathfinder mission, spacecraft separated from Rocket Lab's Photon upper stage after its launch on June 28. The Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment spacecraft has orbited Earth while raising its position to be thrusted beyond low-Earth orbit on a trajectory to the Moon. Advanced Space and Terran Orbital teams will take over operations for CAPSTONE as the spacecraft bids farewell to its ride from Rocket Lab. CAPSTONE™ is owned and operated by Advanced Space on behalf of NASA. It will be one of the first CubeSats, or small satellites, to fly in cislunar space – the orbital area near and around the Moon – and demonstrate an innovative spacecraft-to-spacecraft navigation technology. "Our Advanced Space team has been prepared and ready to manage and navigate the CAPSTONE mission for months. I have been in the industry for over 40 years, and to see a spacecraft of this size perform this type of lunar mission demonstrates how technological advancements have made possible this class of mission to succeed. It is extraordinary to contribute to the industry in this groundbreaking manner." Thomas Gardner, Advanced Space director of engineering and the CAPSTONE program manager The microwave-sized spacecraft, built and designed by Terran Orbital, will now use its own propulsion and the Sun's gravity to reach the Near Rectilinear Halo Orbit around the Moon. The NRHO is the orbit planned for NASA's Gateway, a lunar space station that is part of the Artemis Program. "Getting to this point, we have learned a tremendous amount already, and the time has come to execute our unique expertise for this monumental Moon mission for NASA," said Bradley Cheetham, Advanced Space chief executive officer and CAPSTONE principal investigator. "Over eleven years ago, we started Advanced Space with a purpose to enable the sustainable exploration, development, and settlement of space. CAPSTONE represents the manifestation of our focus on building programs and technologies that will enable this vision for the future." About Advanced Space Advanced Space supports the sustainable exploration, development, and settlement of space through software and services that leverage unique subject matter expertise to improve the fundamentals of spaceflight. Advanced Space is dedicated to improving flight dynamics technology development and expedited turn-key missions to the Moon, Mars, and beyond. Learn more about what Advanced Space is creating; check out the CAPSTONE mission page.

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AIR TRANSPORT

Karman Space & Defense Acquires MG Resin Technology

Trive Capital | June 16, 2022

Karman Space & Defense backed by Dallas-based private equity firm Trive Capital has partnered with Cornerstone Research Group, Inc. to acquire the MG Resin family of technologies. The acquisition of MG Resins represents a significant expansion of Karman's core competencies in integrated composite systems for space & defense applications and creates a leading manufacturer in the carbon/carbon market. The senior leadership team at CRG developed the patented MG family of resins to address the growing need for ultra-high temperature materials with higher char yields, improved processability, and reduced cycle times. CRG designed an innovative solution that will enable the production of best-in-class, high strength carbon-carbon parts at temperatures above 1200 °C. "We are excited to partner with Karman and believe that their set of differentiated capabilities, capacity and talented team makes them the right strategic partner to deliver the MG Resin value proposition to customers across the space, missile, defense and hypersonic supply chains. We believe that joining forces with Karman will accelerate the commercialization of carbon-carbon technologies and look forward to creating value for customers," Patrick Hood, Chief Executive Officer of CR. "This is a big milestone for Karman," said Tony Koblinksi, Chief Executive Officer of Karman. "CRG's MG Resin systems will allow Karman to offer highly differentiated high-temp materials solutions to our customer base. The MG Resin carbon-carbon technology, along with other CRG-developed resin systems, will serve as the launch point for Karman's broader move into advanced material sciences." "With this acquisition, Karman can now offer vertically integrated composite systems. We believe that adding leading up-front material science capabilities to our existing design, engineering and manufacturing competencies will further Karman's mission to provide a single point of accountability, reduced lead times and higher quality to OEMs" commented David Stinnett, Partner at Trive Capital. Monument Capital Partners advised Cornerstone Research Group. Haynes & Boone LLP served as legal counsel to Trive Capital. About Karman Karman Space & Defense is an integrated concept-to-production solutions provider for the space and defense industry's most complex and mission-critical projects. Through its four divisions the company provides solutions for integrated dynamic systems, assemblies, and advanced manufacturing that are used in our industry's most critical programs, including crewed-space flight and hypersonic missions. Headquartered in Huntington Beach, CA, with facilities in Washington, Alabama, and Washington DC, Karman brings together industry-leading capabilities, advanced technologies, and the multi-decade history of its four business divisions, AAE Aerospace, AEC, AMRO, and Systima. About CRG CRG is a high-technology company delivering products and services to aerospace, defense and industrial customers since 1997. Our multidisciplinary teams redefine what is possible to deliver innovative solutions with the support of a network of hundreds of leading technology providers. As result, CRG is a recognized fast-growing leader in innovation and technology commercialization, making the Inc. 5000 for the 7th time in 2020. Our technology portfolio covers a broad range with primary emphasis in aerosystems, power and energy, medical and sensors technology, materials science, and advanced manufacturing. About Trive Trive Capital is a Dallas, Texas based private equity firm with more than $4 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

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AVIATION TECHNOLOGY

Overair Receives $145 million Investment from Hanwha Group to Develop All-Electric VTOL Aircraft

Overair | June 15, 2022

Electric vertical takeoff and landing vehicle company, Overair, announced its most recent funding of $145 million from Hanwha Systems and Hanwha Aerospace, global leaders in ultra-precision communications and aircraft technologies. With this new investment, Overair remains on track to fly its all-electric experimental prototype in the second half of 2023. Hanwha's continued investment in Overair not only fuels the ongoing development of Butterfly but will also allow Overair to lay the groundwork for commercializing their mobility technology. In addition to their investment, Hanwha will also provide electric motors and battery packs for Overair's prototypes, as the two companies expand their R&D co-operation. "This is a tremendous milestone for our growing team, and we're extremely well positioned to deliver sustainable aerial ridesharing to the world through the development of Butterfly. We're exactly where we want to be, building a superior aircraft company with class leading mobility technology around an unrivaled aircraft while rapidly approaching the first flight of a purpose-built prototype next year. We've proven Butterfly's propulsion system, so we'll now begin validating Butterfly's ability to operate safely in real-world weather conditions, carry significant payloads, and fly incredibly quietly." Ben Tigner, Co-Founder and CEO of Overair Butterfly is an all-electric aircraft with six seats designed to take off and land vertically. The aircraft's advanced propulsion system is derived from decades of military VTOL programs led by Abe Karem. Thanks to this legacy of proprietary engineering, Butterfly's propulsion is extremely efficient and will give Butterfly the broadest flight envelope and smallest sound footprint of any aircraft in the burgeoning industry. Specifically, Butterfly's unique Optimum Speed Propulsion (OSP) uses four large propellers, which spin slowly when hovering and even slower when cruising, and draw only a fraction of the available motor power, giving Butterfly extra payload capacity and power margins to operate safely in challenging environmental conditions. Additionally, the slow-turning props produce extraordinarily little sound, which will allow Butterfly to operate in high-density areas with noise sensitive communities. "Hanwha's basic principles for new business development is to focus on 'Disruptive Innovation' that can uproot and shift the market and technology trends based on its core capabilities. In alignment with its core capabilities as well as its main businesses, Hanwha is selecting 'Game Changer' businesses that it can really excel in the future, and eVTOL vehicle is one of the 'Game changer,'" said Mr. Sungchul Eoh, CEO of Hanwha Systems. "With regard to our investment decision in Overair, we assessed that the company had the numerous patients and core technologies required to develop highly efficient, low noise vehicle. Therefore, we expected that Overair would be capable of developing superb vehicle that can satisfy the requirements for safety, efficiency, speed, low noise, and environment-friendly feature. We see the potential of Overair's Optimum Speed Propulsion system and we will continue to work together to find synergies and bring this breakthrough technology to the world." As the company continues to work toward FAA certification, Overair is also working with NASA and Urban Movement Labs in Los Angeles to develop urban air mobility (UAM) routing and infrastructure. About Overair Overair is positioned to be a global leader in advanced air mobility. Spun out of Karem Aircraft in 2020, the Santa Ana, CA based company announced the design of its vehicle, Butterfly, in 2021. Butterfly is a breakthrough electric vertical takeoff and landing (eVTOL) aircraft. Butterfly's proprietary technologies, derived from the Overair team's decades of aerospace experience, create critical power reserves using today's commercially available battery cells, which translate into advances in safety and a superior experience for passengers and communities. With eVTOL adoption revolutionizing urban mobility, Butterfly is positioned to set the bar on real-world dependability, with best-in-class payload, sound emissions and weather capability. Overair has operating partnerships with companies such as Hanwha Systems and Bristow Group, and the team completed its full-scale propulsion testing in the first quarter of 2022. About Hanwha Aerospace Hanwha Aerospace is the only aircraft engine manufacturer in South Korea, which holds the trust in the global market based on our unrivaled technology. Hanwha Aerospace is a company founded based on the aircraft engine and film camera businesses in 1977. Since then, we have built the top position in the precision machinery field in Korea and expanded our business based on the foundational technology in optics, video, and aircraft engine areas. Now, we have also entered the space business, including aircraft engine and machinery businesses. We have owned the global top-tier source and application technologies as well throughout the entire business area and rapidly responded to the market needs. Furthermore, we entered the satellite business in 2021 through the acquisition of Satrec Initiative, a domestic satellite specialist. As a key company behind 'Space Hub,' Hanwha's foray into the space industry, we will actively promote research and development (R&D) investment and talent recruitment across space-related businesses. Hanwha Aerospace will preemptively respond to the rapidly changing market environment and leap forward to become the global No. 1 partner in the aviation industry with ongoing technical development and expansion of quality competitiveness. Embracing the promise of the New Space Age, we will continue our efforts to establish the space industry value chain, including launch vehicle engines, while providing total solutions for the industry. About Hanwha Systems Hanwha Systems provides differentiated smart technologies in defense electronics and ICT fields. Since its founding in 1977, the Hanwha Systems defense division has proven the efficacy of its weapons and has been credited for significantly advancing the defense capabilities of South Korea's military. The company has consolidated its unrivaled position in the defense industry by securing advanced defense technology and system integration capabilities through a merger with an IT company in August 2018. As a defense company that fulfills important missions in national security, Hanwha Systems continuously expands its business areas under the vision of becoming a "global defense electronics and ICT smart solution provider." In addition, by combining advanced defense technology and ICT technology capabilities developed through defense electronics and ICT businesses, we provide customized solutions in various business areas such as urban air mobility (UAM) and low Earth orbit (LEO) satellite communications, and future smart ICT, helping our customers build the foundation for sustainable growth.

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Spotlight

Airbus is a leading supplier of integrated aviation services built around expertise of the aircraft manufacturer with the most modern and comprehensive product line. Creating value for customers, working with operators, owners, MROs and lessors, Services by Airbus enhances fleet performance with the expertise of an aircraft designer and manufacturer. Blessed with the company’s pioneering spirit, Services by Airbus has innovative solutions and latest offering on the services market.

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