AIR TRANSPORT

AZUL AIRLINES PARTNERS WITH FETCHERR TO PILOT DEMAND PREDICTION AND ALGO PRICING PLATFORM

AZUL AIRLINES | September 30, 2022 | Read time : 01:38 min

AZUL AIRLINES PARTNERS WITH FETCHERR TO PILOT
Azul Airlines, the largest airline in Brazil by departures and number of cities served, announced today that it became the first to pilot Fetcherr's demand prediction and algorithm pricing technology. Since incorporating Fetcherr's AI-native continuous pricing optimization system into its existing revenue management processes, Azul Airlines has already witnessed improved revenue performance and optimized workflows.We are proud to be pioneers of change by being the first airline to pilot truly innovative tech solutions,said Abhi Shah, Chief Revenue Officer at Azul Airlines. We are excited that Fetcherr's platform will help us maximize our revenue, optimize our operations and provide a seamless, improved customer experience."

"The airline industry has tremendous opportunities when it comes to continuous pricing and using real-time data for demand predictions,We are thrilled Azul Airlines has begun experimenting with our technology. We hope they become the catalyst for change."

Roy Cohen, CEO and Co-Founder of Fetcherr

Fetcherr's AI technology and continuous pricing model accurately predicts demand using real-time, sophisticated models and automatically provides pricing recommendations. The system is a mature, live production system that scans the entire network 24/7 and optimizes pricing recommendations with justification to generate significant hidden or lost revenue. The automation saves manpower, can publish the fares directly to all distribution channels and predicts demand in volatile times. Fetcherr's system has proven to be successful in innovative, volatile markets such as E-commerce and Algo-trading, and now, in conjunction with Azul Airlines, is set to disrupt the untouched territory of the airline industry.

About Fetcherr
Fetcherr is an Israeli company that developed a proprietary AI-powered goal-based enterprise pricing and workflow optimization system. Founded in 2019 by experts in deep learning, Algo-trading, e-commerce and digitization of legacy architecture, Fetcherr aims to disrupt traditional rule-based (legacy) revenue systems through reinforcement learning methodologies, beginning with the airline industry. For more information, please visit https://fetcherr.io/.

About Azul Airlines
Azul , the largest airline in Brazil by number of flight departures and cities served, offers more than 900 daily flights to more than 150 destinations. With a passenger operating fleet of more than 160 aircraft and more than 13,000 crewmembers, Azul has a network of more than 300 non-stop routes. In 2020 Azul was awarded best airline in the world by TripAdvisor, the first time a Brazilian Flag Carrier ranked number one in the Traveler's Choice Awards.

Spotlight

If you travel a lot for work, then you’ll know about airline reward schemes. These programmes encourage travellers to book again and again with the same airline, collect loyalty points and exchange them for benefits such as discounted fares and free upgrades. But did you also know that in addition to these frequent flyer schemes for individuals, there are also airline reward schemes for companies? These corporate reward schemes are a great way to maximise the value of your company’s travel spend, while benefitting your travellers at the same time.


Other News
BUSINESS AVIATION, COMMERCIAL AVIATION

Private Jet Company Volato Expands and Evolves Offering with Gulfstream G280 Fleet Agreement

Volato | September 17, 2022

Volato, the most efficient way to experience a luxury private jet, today announced a new relationship with Gulfstream and a fleet order of Gulfstream G280 aircraft. With four on firm order, the aircraft will add significant capability to Volato's existing fleet of HondaJet Elites. This expansion evolves Volato's business model as they look to service a greater share of the private aviation market. Volato will be the first company to fractionalize the Gulfstream G280, preselling fractions in multiples of eighths, and will take delivery of its first G280 aircraft in early 2024.The ten-seat configured Gulfstream G280 brings the unique benefits of Volato's program to the super-mid cabin fractional customer: fly as little or as much as you like, plus, earn revenue every time your aircraft flies a live mission, evolving their business model from The most efficient way to fly luxury private with four or fewer passengers to The most efficient, friendly and rewarding way to experience a luxury private jet. "When we launched Volato, our strategy was to initially target the largest segment of the market that was not being directly addressed: short haul flights with only a few passengers,From listening to our customers' needs and recognizing that our innovative business model is not just limited to light jets, we are excited to expand our model to larger aircraft so that HondaJet owners can fly their edge case missions that are farther or with more passengers, while welcoming a new category of luxury private jet customer to Volato's superior experience." Matt Liotta, Co-Founder and CEO of Volato The Gulfstream G280 features the largest in-cabin experience and greatest efficiency in its class. The Gulfstream G280's revolutionary wing design and engine technology result in prime fuel-efficiency, reducing operational costs and supporting environmental sustainability. Volato will offset the CO2 in every gallon of fuel through its program with 4AIR, continuing its commitment to minimize its environmental footprint.When considering expanding our fleet offerings, the cabin experience and operating efficiency were important considerations,said Nicholas Cooper, Co-Founder and Chief Commercial Officer of Volato. "Gulfstream and the G280 was the clear choice as being best in class and we are excited to begin this relationship with Gulfstream.Gulfstream is grateful to Volato for the confidence they have placed in us and in the Gulfstream G280 as they expand their fleet, said Scott Neal, Senior Vice President of Worldwide Sales, Gulfstream. The G280 is an outstanding aircraft, and I look forward to Volato's customers benefiting from its cabin comfort and class-leading performance capabilities. The Gulfstream G280 will service Volato's existing owner's private aviation needs through direct fractional ownership or access to the aircraft through their HondaJet fractional ownership. As owners can fly as little or as much as they like, while earning a revenue share whenever their aircraft flies a live leg, there is no downside to having ownership in both programs, owners simply choose the most efficient aircraft for their mission. Volato's Gulfstream G280 fleet will service the United States and nearby countries. Volato operates one of the largest and most modern fleets of HondaJets in the world with 11 aircraft and 18 on order, and now offers fractional shares in four Gulfstream G280's, the Stretch Jet Card: the only in-fleet jet card that rewards flexibility, and Volato Aircraft Management Services with a focus on HondaJets and large cabin aircraft. With IS-BAO Stage 2 and ARGUS Platinum safety ratings, and an accident-free history, Volato operates with the highest safety standards of any HondaJet operator. In addition, Volato offsets the CO2 on every gallon of fuel used by its fleet through its program with 4AIR, and provides pilots with robust training and a balanced lifestyle. Volato is positioned to be an industry leader as it continues to develop the most innovative solutions in private aviation. About Volato: Volato is a full-service aviation company providing modern ways to enjoy luxury private jets through innovative, friendly, and sustainable solutions. Volato provides a fresh approach to fractional ownership, aircraft management, jet card and charter programs. Volato's fractional program uniquely offers flexible hours and a revenue share on every live mission for owners in a fleet of bespoke HondaJet Elites which are optimized for missions of up to four passengers, and Gulfstream G280's which are optimized for missions of up to ten passengers.

Read More

AIR TRANSPORT

Electra Achieves Sale of 1,000th Sustainable eSTOL Aircraft

Electra | October 19, 2022

Electra.aero, Inc. a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, today announced that it has signed a letter of intent bringing Electra's total order book to 1,000 aircraft worth over $3 billion. The aircraft sale was signed with private air mobility provider Welojets, LLC for 32 electric short takeoff and landing (eSTOL) aircraft at the National Business Aviation Association (NBAA) Business Aviation Convention & Exhibition (BACE) in Orlando, Florida. (Access photo HERE after embargo ends) Welojets joins a broad range of customers for Electra's climate-friendly eSTOL aircraft including urban and regional airlines, charter operators, VIP transport, medical and emergency response transport, and helicopter operators. Electra's customers are both established aircraft operators as well as new entrants re-defining how we move and transport goods using Electra's next-generation eSTOL aircraft, and include Bristow Group, flyv, EBIRD, Harbour Air, Tailwind Air, Ravn Alaska, MintAir, Everts Air Cargo, Yugo, Gold Aviation, Skyportz, Flapper, Northwest Seaplanes, and El Azufre Resort. The global reach of Electra's order book means that customers will fly in the US, Latin America, Europe, Southeast Asia, and Australia. Welojets today flies business jets throughout Europe and the Americas and is looking for ways to expand into new markets in a sustainable manner. With a workforce positioned in more than 20 strategic locations worldwide, the company is primed to evolve as a global leader in private aviation's push toward air mobility solutions and eSTOL aircraft operations. Electra is currently developing a hybrid eSTOL aircraft that will enable people and cargo to transit more rapidly, safely, and affordably within urban and regional networks. The plane's ability to take off and land in a space the size of a soccer field yet cruise at 175 knots, with in-flight battery recharging, enables flight operations from places previously inaccessible by flight including converted parking lots, barges, and very short landing strips. The piloted fixed-wing aircraft will initially carry up to nine passengers or 2500 pounds of cargo up to 400 nautical miles in all weather conditions. "We are delighted to have Welojets on board with us for this incredible journey to decarbonize aviation and bring air mobility to entirely new markets. Our quiet, ultra-short takeoff and landing aircraft provides a step change in fuel burn and operating cost reduction and opens markets previously inaccessible to conventional fixed-wing aircraft " John Langford, Founder and Chief Executive Officer of Electra. Welojets fully embraces the electric aviation revolution, and we are thrilled to work with Electra to deliver cleaner and cost-effective flights to our customers," said Alfredo Lisdero, President of Welojets. "We plan to fly the Electra eSTOL aircraft into existing airports as well as use it to expand our operations into new markets that cannot be served currently with traditional fixed wing aircraft. Thanks to the Electra aircraft cost and performance advantages, we see many opportunities to grow our services throughout Europe and Latin America. About Electra.aero Electra.aero, Inc. is a next-gen aerospace company leading the way in sustainable urban and regional mobility. The company is building clean, hybrid-electric, ultra-short takeoff and landing (eSTOL) airplanes that fly people and cargo quieter, further, and more affordably. Electra's technology delivers 2.5x the payload and 10X longer range with 70% lower operating costs than vertical takeoff alternatives with much less certification risk, proving that climate-friendly technology can also be cost-effective. Electra's team includes some of the most respected and successful entrepreneurs and engineers in novel aircraft design, and its technology development is supported by NASA and the US Air Force Agility Prime program. About Welojets Welojets, LLC is a global air mobility company with access to over 7,000 certified aircraft worldwide. We deliver a diverse inventory of jets, turboprops, helicopters, airliners, cargo aircraft, and even fully equipped medical planes. Our multicultural team is the fuel that takes us to new heights, with team members in more than 20 locations around the world, passionate about delivering bespoke air travel solutions to our customers.

Read More

AVIATION TECHNOLOGY

Valmont Industries Gains Nationwide Drone Waiver from FAA

Valmont Industries | November 11, 2022

Valmont Industries, Inc., a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, is pleased to announce that the Federal Aviation Administration (FAA) granted the company a nationwide Beyond Visual Line of Sight (BVLOS) waiver. The BVLOS waiver gives Valmont the ability to fly their multi-hour capable unmanned drones for commercial inspections of utility lines across the nation at a moment’s notice, eliminating the need to wait for geographic approval from the FAA. In addition to the removal of the geographic restriction, the entire diverse fleet of Valmont’s unmanned aerial systems were included. nThis nationwide waiver goes hand in hand with the primary goal of Valmont providing our customers more efficient and timely service through technology,” says Angi Chamberlain, vice president UAS Technology Services for Valmont. “Using drone technology allows us to reduce costs and provide an improved alternative to manned aviation. Using drone technology allows Valmont to collect high-resolution images and infrastructure performance data safely and quickly. It also opens the door to future waivers as the company moves toward a completely autonomous solution. “To our knowledge, we are one of the first five entities to receive this waiver arrangement,” We see this as a clear endorsement from the FAA, acknowledging that Valmont has the right people, training, technology and a proven history for continuous advancement of operational innovation.” Aaron Schapper, Valmont group president Infrastructure About Valmont Industries, Inc. For over 75 years, Valmont® has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology.

Read More

AVIATION TECHNOLOGY

Archer to Unveil Production Aircraft Midnight™ at its November 16th Open House Event

Archer Aviation | October 14, 2022

Archer Aviation Inc, today announced that they will be unveiling Midnight, the company’s first production eVTOL aircraft, at an Open House event on November 16, 2022. The event will provide further details on the aircraft’s specifications and capabilities, including its proprietary electric powertrain system, as well as the company’s progress towards FAA certification of the Midnight aircraft. In August of this year Archer first announced Midnight, following the successful completion of the aircraft’s Preliminary Design Review (PDR). The PDR covered all aspects of the aircraft’s specifications and manufacturing requirements, necessary pre-conditions for determinations that the design is feasible for regulatory compliance and viable to bring to market. Midnight is expected to have a payload of 1,000+ pounds, which supports four passengers and a pilot, and a charging turnaround time of approximately 10 minutes for the company’s target flights, enabling Archer’s UAM network operating model.In August 2022, United Airlines made a $10m pre-delivery payment for 100 of the Midnight aircraft, further signaling the carrier’s confidence in the aircraft’s development. In addition to announcements around Midnight’s technical capabilities, attendees of the Open House will have the opportunity to view a test flight of the company’s full-scale technology demonstrator at Archer’s flight test facility. “From day one, Archer’s goal has been to build a commercially viable business that will revolutionize intra-city travel. We’ve made phenomenal progress in the development of our eVTOL aircraft technology and I am excited to share the aircraft that will deliver on that vision as part of our Open House event,” Adam Goldstein, Archer’s CEO. Partners participating in the event will include United Airlines, as well as global automotive manufacturer, Stellantis. Stellantis has been working with Archer since early in their eVTOL aircraft’s development, and are a key partner in Archer’s plans to achieve manufacturing at scale for its aircraft.Collaboration has always been a cornerstone of our mission,” said Tom Muniz, Archer’s Chief Operating Officer. “Delivering a safe, sustainable revolution in air travel will take our collective vision and expertise, and I can’t wait to stand alongside the Archer team next month to share how together we are bringing our long-term plans to life. About Archer Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA.

Read More

Spotlight

If you travel a lot for work, then you’ll know about airline reward schemes. These programmes encourage travellers to book again and again with the same airline, collect loyalty points and exchange them for benefits such as discounted fares and free upgrades. But did you also know that in addition to these frequent flyer schemes for individuals, there are also airline reward schemes for companies? These corporate reward schemes are a great way to maximise the value of your company’s travel spend, while benefitting your travellers at the same time.

Resources