COMMERCIAL AVIATION

BBAM Raises $1.5 Billion for Second Aviation Fund

BBAM Limited Partnership | February 07, 2022

Airport Brusell news
BBAM Limited Partnership (BBAM), a world leader in aircraft leasing, announced that it has closed its latest flagship aircraft leasing fund, Incline Aviation II, with total capital commitments of approximately $1.5 billion.

A diverse group of institutional investors committed to Incline Aviation II, including some of the world's largest public and private employee pension plans and sovereign wealth funds. The fund attracted a mix of repeat and first-time investors.

"We appreciate the strong backing from existing and new investors that made our second Incline Aviation fund closing a huge success, We have been actively investing and are excited about the opportunity to generate attractive returns for our investors while partnering with our airline clients globally."

- Steve Zissis, President and Chief Executive Officer of BBAM.

Incline Aviation II has deployed approximately $318.0 million of equity commitments across 31 aircraft investments as of December 31, 2021.

Incline Aviation II continues BBAM's successful aviation investment strategy with a fund dedicated to investing in leased commercial aircraft. Incline Aviation I, a first-of-its-kind multi-strategy fund, closed in 2017 with total capital commitments of $931 million.

About BBAM
BBAM is the world's largest dedicated manager of investments in leased commercial jet aircraft, and has provided more than 70 airline customers globally with fleet and financing solutions over more than three decades. With more than 450 aircraft and $21 billion of assets under management, BBAM employs over 130 professionals at its headquarters in San Francisco and offices around the world, located in Tokyo, Singapore, Zurich, Dublin, Puerto Rico, and Santiago.

Spotlight

"In September 2012, Avolon published a White Paper1 that analysed aircraft retirement trends to determine whether there was any evidence to support a view that aircraft economic life was getting shorter. The conclusion was that retirement behaviour and economic life expectations had both stabilised over the past decade or more, with the average age at which commercial jets are retired holding steady at around 26 years and a stable outlook."


Other News
DEFENSE AND SPACE

Global Aerospace's SM4 Aviation Safety Program offers insights for The Year of the Aviation Mechanic in 2022

Global Aerospace | June 06, 2022

As we ring in the New Year, many of us like to think big. How can we have the most impact in the new year? How can we recruit and provide the best people with the best tools, training and motivation to excel? How can we find the resources to accomplish all of our grand ideas floating like sugarplums though our holiday-spirited minds? Here is one of mine. I think it is long overdue, and I’d like to invite you to join in with me. Pretty much everyone in our industry knows that aviation mechanics are the unsung heroes of aviation. But that understanding has never seemed to migrate into providing the same kind of focused, world-class training or rock star recognition that the "other folks" get. You know, the ones that sit up front, push a few buttons, and take credit for getting from point A to point B. Not to dismiss the efforts of these highly trained and skilled professionals that fly, but it has always seemed odd to me that the ones who are behind it all and maintain these finely tuned technologies seem somehow to fade into the background of our collective minds. Of course, when something goes wrong with a maintenance task, everyone is quick to recognize it—the panel that fell off in flight or the landing gear pin that was left installed. With the millions of maintenance sequences that occur around the globe every week, it’s amazing we don’t see more of these. Let me be clear about what I see: Millions of flights across our industry take place safely without significant recognition of the people who make it happen. It’s time we take notice and celebrate these men and women as rock stars in their own right. A Tough Time for Technicians The airworthiness of aircraft has never been in better hands, but the entire system is severely stressed right now, making it an extremely tough time for professional technicians. COVID protocols, flying schedule upheaval, proficiency concerns, financial questions and a host of the other basic mental health matters the entire world is dealing with make the error-free work needed to ensure airworthiness a very tough task. We must respect and mitigate this risk. And since I operate under the philosophy that none of us is as smart as all of us, I’m casting a wide net. Industry-wide, I’m declaring 2022 as “The Year of the Aviation Mechanic,” with the idea of bringing all available resources to bear in support of these tireless professionals during these challenging times. Operators, OEMs, MROs, academia, insurance companies and other special interest groups all can play a valuable role in a coordinated effort. This might end up being nothing more than a symbolic gesture. Or it could gain momentum and become a powerful tool to improve the airworthiness and professional readiness across our industry. Time will tell. Right now, I’m a lone voice with a big idea. But with just a little help to get the ball rolling, we might be able to highlight the incredible work, opportunity and rewards that come with the job, and recruit the next generation into a culture of proud, compliant, professionalism. So, here is what I am asking. Think about what the industry needs to improve the recruitment, training and performance of professional maintainers. Write down your list and send it to me. Think hard about what you can do, where you are, to support our maintenance professionals during this challenging time. Take the actions available to you. Share what works. Join in the year-long effort to create sustainable improvement across the industry. Towards that end, we have some events already in mind. Convergent Performance will fund, develop and deliver a worldwide celebration and online symposium on the past, present and future of these doggedly persistent men and women who “keep ‘em flying.” This is tentatively planned for June 2022, so stay tuned for more developments and outreach for presenters and ideas. Additionally, we will seek out partners and contributors to make this more than a one-day event and provide sustainable improvement ideas for those who are in small organizations who might not otherwise have the resources to take advantage of advanced training opportunities. About Global Aerospace SM4 Aviation Safety Program The Global Aerospace SM4 Safety Program has revolutionized the way insurance specialists help their clients achieve higher levels of operational safety. SM4 was built on the concept of integrating four critical safety components: planning, prevention, response and recovery. Its mission is to help organizations manage risk, enrich training efforts, strengthen safety culture and improve safety management systems.

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BUSINESS AVIATION

AAR announces marketing partnership agreement with ProvenAir Technologies, LLC

AAR | April 27, 2022

AAR CORP, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a marketing partnership agreement with ProvenAir Technologies, LLC to enhance the digital solutions available to AAR customers. ProvenAir’s digital solution leverages advanced technologies to analyze and dynamically generate back-to-birth (BtB) trace history for life limited parts. ProvenAir automates the BtB process to save aviation customers time, increase records quality, shorten the sales cycle, ease aircraft transitions, and increase the residual value of used serviceable material. “ProvenAir’s mission is to redefine service in the aviation industry through innovation and technology. We make an impact by digitizing and automating a cumbersome manual process,” said James Boccarossa, ProvenAir Founder and CEO. “By partnering with AAR, one of the world’s top MROs and parts suppliers, we will be able to reach more customers and help those customers realize their digitization goals.” “AAR continues to focus on digital solutions that enhance and differentiate our offerings. We are impressed by ProvenAir’s technology and have been able to realize internal efficiencies from utilizing ProvenAir for our own Parts Supply and Landing Gear needs. Leveraging our global sales team to connect aircraft owners and operators with ProvenAir for the benefit of our customers is a natural progression of our relationship.” Rahul S. Ghai, AAR Chief Digital Officer About AAR AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. About ProvenAir ProvenAir is a technology company with a service platform that, with the click of a mouse, dynamically generates consistent, easy to follow, back-to-birth trace insights for life limited material. The ProvenAir system uses proprietary algorithms and advanced technology to scan, digitize, and categorize maintenance records, precisely interpret life limited part usage, and create historical trace timelines and exception reports for assemblies, sub-assemblies, or individual parts.

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AVIATION TECHNOLOGY

Gogo Business Aviation to Launch LEO Global Broadband Service

Gogo Business Aviation | May 24, 2022

Gogo Business Aviation announced it will launch the first global broadband service in business aviation to use an electronically steered antenna (ESA) on a low earth orbit (LEO) satellite network. Gogo's exclusive antenna assembly, designed in conjunction with Hughes Network Systems, LLC (Hughes), will be small enough for installation on the fuselage of business aircraft from super light jets and large turboprops to ultralong-range jets, and will operate on OneWeb's high-speed, low-latency broadband global network. To access the network, the new service will require just one Gogo AVANCE LRU inside the aircraft, which means existing AVANCE customers will only have to install the ESA antenna, with a single cable for power in, and a single cable for data out. "This will be a fast and affordable broadband system that will provide best-in-class global performance on the broadest range of aircraft in business aviation, We want to give everyone in business aviation the ability to have an exceptional broadband experience regardless of where they fly, or what size aircraft they fly." Sergio Aguirre, Gogo Business Aviation's president and chief operating officer The OneWeb network will deliver performance comparable to terrestrial broadband services, with game-changing low latency that is significantly less than geostationary satellites (GEOs). A multitude of users will be able to simultaneously perform data-heavy interactive online activities such as conducting simultaneous live video conferences, accessing cloud solutions such as Office365, watching live TV, streaming video applications like TikTok, and much more. "Our agreement with Gogo Business Aviation represents a leap forward for business aviation connectivity," said Ben Griffin, vice president Mobility at OneWeb. "By harnessing the power of our LEO constellation to deliver robust, consistent, and reliable global coverage, OneWeb and Gogo will be able to offer an unmatched experience to business jet operators and passengers worldwide." OneWeb's LEO constellation is fully funded and will consist of 648 satellites, 428 of which have already been launched. "The world has been waiting for a high performance, cost-effective, flat panel antenna solution to realize the global, high-speed, low-latency promise of LEO satellite broadband – and Hughes has delivered," said Reza Rasoulian, vice president, Hughes. "Gogo's selection of the Hughes ESA solution affirms our engineering excellence and unlocks the value of OneWeb's global capacity for high-speed, inflight broadband anywhere on the planet." Unlike GEO solutions, Gogo's LEO service will include one fuselage-mounted unit with an integrated antenna, modem, power supply and RF converter; will only require 28 volts of DC power; will not rely on aircraft-positioning data; and will include an AVANCE router. "We've designed the system to reduce costs by simplifying the installation," Aguirre continued. "We have long delivered affordable, high-quality connectivity, and award-winning customer service to aircraft owners in North America, and now we want to bring those same benefits to all aircraft owners in the rest of the world." For customers with an AVANCE L3 or L5 system in North America, the unique multi-bearer capability of the AVANCE platform will allow Gogo to combine capacity from OneWeb's LEO satellite network with Gogo's ATG network to deliver even higher capacity than LEO alone can provide. The Gogo broadband service for business aviation will be available soon after the OneWeb network is fully launched and commercially available. Gogo will provide global customer support through its network of 118 authorized dealers, including 24 that operate outside the United States, serving Gogo's more-than-1000 non-U.S. narrowband satellite customers that today operate in 83 countries around the world. About Gogo Gogo is the world's largest provider of broadband connectivity services for the business aviation market. We offer a customizable suite of smart cabin systems for highly integrated connectivity, inflight entertainment and voice solutions. Gogo's products and services are installed on thousands of business aircraft of all sizes and mission types from turboprops to the largest global jets, and are utilized by the largest fractional ownership operators, charter operators, corporate flight departments and individuals. About OneWeb OneWeb is a global communications network powered from space, headquartered in London, enabling connectivity for governments, businesses, and communities. It is implementing a constellation of Low Earth Orbit satellites with a network of global gateway stations and a range of user terminals to provide an affordable, fast, high-bandwidth and low-latency communications service, connected to the IoT future and a pathway to 5G for everyone, everywhere. About Hughes Network Systems Hughes Network Systems, LLC an innovator in satellite and multi-transport technologies and networks for 50 years, provides broadband equipment and services; managed services featuring smart, software-defined networking; and end-to-end network operation for millions of consumers, businesses, governments and communities worldwide. The Hughes flagship internet service, HughesNet®, connects millions of people across the Americas, and the Hughes JUPITER™ System powers internet access for tens of millions more worldwide. Hughes supplies more than half the global satellite terminal market to leading satellite operators, in-flight service providers, mobile network operators and military customers. A managed network services provider, Hughes supports nearly 500,000 enterprise sites with its HughesON™ portfolio of wired and wireless solutions. Headquartered in Germantown, Maryland, USA, Hughes is owned by EchoStar. About EchoStar EchoStar Corporation is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments.

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AVIATION TECHNOLOGY

Colambda Technologies sites revenues of its subsidiary, Job Aire Group

Colambda Technologies | June 18, 2022

Colambda Technologies Inc, formerly named New Century Resources Corporation proudly announces, its subsidiary, Job Aire Group (JAG) has opened a satellite office in Mexico City giving it greater access to international markets. Nick Ammons, JAG President, indicated the year-to-date revenues are over $10,000,000. Ammons expects to grow JAG, diversify its market presence, and facilitate Colambda Technologies' move into manufacturing of the Emissions Zero Module technology on a much larger scale. JAG was acquired to facilitate the development of Colambda Technologies' flagship product, the Emissions Zero Module, for use on piston driven general aviation (GA) aircraft and to obtain Premarket Approval from the FAA for use on all GA aircraft. JAG is a multi-technical aviation company specializing in contract labor, aircraft and engine inspection, and aeronautical engineering. The company also assists clients with aircraft repair and refurbishment.

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Spotlight

"In September 2012, Avolon published a White Paper1 that analysed aircraft retirement trends to determine whether there was any evidence to support a view that aircraft economic life was getting shorter. The conclusion was that retirement behaviour and economic life expectations had both stabilised over the past decade or more, with the average age at which commercial jets are retired holding steady at around 26 years and a stable outlook."

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