Vertical Aerospace | July 19, 2022
Vertical Aerospace a global aerospace and technology company that is pioneering zero-emissions aviation and CAE a market leader in flight simulation and training, today announced that CAE will be the pilot training partner for Vertical’s launch eVTOL aircraft, the VX4.
CAE will design and develop a world-class training program and be the exclusive training device provider, tailoring the high-fidelity, next-generation flight simulation training device for the VX4 aircraft. The innovative pilot training program will leverage advanced technologies including Mixed Reality and Artificial Intelligence to enhance the learning experience and will help shift the training paradigm toward cost-effectiveness and scalability, while ensuring safety is paramount for Vertical and its operators.
Advanced Air Mobility is expected to drive unprecedented demand for qualified, professionally trained pilots for inner-city and regional electric flights. Additionally, because CAE currently provides training products and services to many of Vertical’s industry-leading customer base, a smoother integration of new AAM pilot training programmes into their training portfolios is anticipated.
Upon the signing of a definitive agreement, Vertical and CAE will start working together three years ahead of the VX4’s targeted entry into service in 2025, a critical step towards making safe eVTOL flights a reality.
“Vertical has built its commercial ecosystem with customers, regulators, and infrastructure partners to enable AAM and ensure we have partnerships in place to introduce safer, cleaner and quieter mobility for everyone. Bringing CAE into our unrivalled ecosystem is a key enabler to solve the training requirement for our customers, as we prepare for the VX4’s entry into service.”
Harry Holt, Deputy CEO of Vertical
Nick Leontidis, CAE’s Group President, Civil Aviation, said “CAE’s longstanding training relationships with top-tier airlines and operators is a key differentiator for us as they expand into eVTOL operations with Vertical. They know they can count on CAE for advanced training as they venture into this new market. We are excited to join Vertical’s ecosystem and work hand in hand to build the aviation workforce of the future.”
This partnership announcement comes following Vertical’s recent announcement of progress in its certification process for the VX4, with the European Union Aviation Standards Agency agreeing to concurrently validate the UK Civil Aviation Authority’s certification of the VX4 and the adoption of SC-VTOL as the certification basis for the aircraft. Vertical expects to reach several critical certification milestones in the coming months, as the VX4’s test flight programme begins in Summer 2022.
About Vertical Aerospace
Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the Ovo Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.
Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book by value for more than 1,400 aircraft from global customers creating multiple potential near term and actionable routes to market. Customers include American Airlines, Virgin Atlantic, Avolon, Bristow, Marubeni, Iberojet and FLYINGGROUP, as well as Japan Airlines Gol, Air Greenland, Gozen Holding and AirAsia, through Avolon’s VX4 placements.
About the VX4 eVTOL Aircraft
The piloted zero operating emissions four-passenger VX4, is projected to be capable of travelling distances over 100 miles, achieving top speeds of up to 200mph, while producing minimal noise and has a low cost per passenger mile. The VX4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel.
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying simulation training and critical operations support solutions. Above all else, we empower pilots, airlines, defence and security forces, and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with more than 13,000 employees in more than 200 sites and training locations in over 40 countries. CAE represents 75 years of industry firsts—the highest-fidelity flight and mission simulators, surgical manikins, and personalized training programs powered by artificial intelligence. We’re investing our time and resources into building the next generation of cutting-edge, digitally immersive training and critical operations solutions while keeping positive environmental, social and governance (ESG) impact at the core of our mission.
DEFENSE AND SPACE
Sandhills Global | July 07, 2022
According to the latest Sandhills Global market reports covering the aviation industry, values for piston single, turboprop, and jet aircraft may have peaked this May. All aviation categories displayed month-to-month value decreases from May to June, and with the aviation market showing signs that values might continue their drop in the near future, sellers could need to adjust asking values going forward based on the available inventory. The market reports show that rising inventory levels are a major contributor to decreasing aviation values, and this June marked the fourth consecutive month of inventory expansion across all categories.
Sandhills' aviation products include Controller, Controller EMEA, Executive Controller, Charter Hub, Aviation Trader, Aircraft Cost Calculator, and AircraftEvaluator. AircraftEvaluator is Sandhills' proprietary asset valuation tool for all types of aircraft, built using the same technology behind FleetEvaluator. Widely used and trusted across equipment, truck, and trailer industries, FleetEvaluator identifies asset values with unparalleled accuracy.
The key metric used in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions.
This report includes detailed analysis of asking values and inventory trends in the worldwide used aircraft market along with charts that help readers visualize the data. It describes and quantifies important trends in the buying and selling of used piston single, turboprop, and jet aircraft.
U.S. and Canada Used Piston Single Aircraft
With the 21% M/M inventory increase in June, used piston single aircraft inventory has now increased each of the last five months. Inventory levels were up 15% year-over-year.
The Sandhills EVI shows asking values decreased 1.4% M/M; on a YOY basis, values are up 22% from June 2021.
U.S. and Canada Used Turboprop Aircraft
In the turboprop category, the Sandhills EVI showed an 8.5% M/M inventory increase, a gain nearly identical to the category's 8-percentage-point increase from April to May.
Despite inventory increasing for the fourth consecutive month, turboprop inventory levels were still down 52% YOY.
Asking values for turboprops were down 1% M/M; but when compared to June 2021, values are up 32% YOY.
Global Used Jet Aircraft
Although used jet inventory increased for the fifth consecutive month, jumping 15.3% from May to June, inventory levels across the globe are down 34% YOY.
The Sandhills EVI shows asking values decreased 3.1% M/M with asking values this June coming in at $12.7 million. When compared to one year prior, jet aircraft values are up 27%.
About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the aviation, construction, agriculture, and commercial trucking industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.
About the Sandhills Equipment Value Index
The Sandhills Equipment Value Index is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, commercial trucking, and aviation industries represented by Sandhills Global marketplaces, including Controller.com, AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator and AircraftEvaluator, Sandhills' proprietary asset valuation tools, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.
DEFENSE AND SPACE
Draganfly Inc. | June 27, 2022
Draganfly Inc. an award-winning, industry-leading drone solutions and systems developer, is pleased to announce that Alabama State University is offering the Draganfly Drone Technology Course through ASU’s Division of Continuing Education.
Draganfly’s experienced team is sharing their vast industry knowledge with a variety of ASU faculty members and students. The program provides an introduction to unmanned aerial vehicles and explores advanced topics including regulations, airspace operations, and navigation.
“Being able to learn from the experts at Draganfly is an incredible opportunity. As more businesses and governments turn to drones, it is crucial for us to understand how to meet their needs effectively,” said O’Nesha Burke, an ASU student and recipient of the Draganfly Drone Pilot Scholarship.
Draganfly’s Drone Technology Course includes a Federal Aviation Administration Part 107 drone preparation course. To fly drones under the FAA’s Small Unmanned Aircraft Systems Rule a Remote Pilot Certificate must be obtained. The certificate demonstrates that pilots understand the regulations, operating requirements, and procedures for safely flying drones.
“As drone demand continues to rise, so does the need for technologically-proficient workers. We are grateful for the opportunity to further expand our partnership with ASU and provide a robust technology program that properly prepares students for the future,”
Cameron Chell, President and CEO of Draganfly
“Following the success of the Drone Pilot Training Program last year, we are thrilled to be working with Draganfly once again to provide industry-leading drone education,” said Dr. Quinton T. Ross Jr., President of ASU. “Draganfly continues to ensure our students have the knowledge and skills required for a rewarding career in the rapidly growing drone space.”
Draganfly Inc. is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 20 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.
About Alabama State University
Founded in 1867, ASU is a comprehensive, regional institution offering students from across the nation and around the globe a world-class education. ASU’s learning experiences are holistic and are designed to develop intellectual, as well as social, moral, cultural and ethical values. ASU graduates are equipped with the skills, insights, attitudes and practical experiences that will enable them to become well-rounded, contributing citizens, fully qualified to take their places in their chosen professions and in service to humanity.
DEFENSE AND SPACE
Sabre Corporation | July 08, 2022
Sabre Corporation a leading software and technology company powering the global travel industry, has successfully integrated IATA New Distribution Capability content from Qatar Airways to its global distribution system. After a pilot phase with agency customers in Australia and Sweden, the offers of Qatar's flag carrier will now be rolled out successively to travel agencies across the globe starting oavian July 7, 2022.
Travel agencies will be able to shop, book, and manage NDC offers from Qatar Airways. Access to Qatar's content will be available through Sabre Red 360, Sabre's agency point-of-sale tool, as well as its NDC-enabled Offer and Order Application Programming Interfaces.
"We've been actively engaged in Sabre's Beyond NDC program for several years and we're proud to be the first carrier based in EMEA to make our products and offers available to the global travel agency community through Sabre's marketplace. With NDC as a part of our strategy to evolve our offering and enhance ancillary sales, we believe effective distribution in the indirect channel will become more important in the future."
Matt Raos, senior vice president of global sales at Qatar Airways
With Qatar Airways' extensive network of destinations, access to the carrier's unique NDC content is expected to be relevant to travel buyers across the globe in the post-COVID-19 recovery period and beyond.
"As the corporate travel sector continues to recover, customers are looking for enhanced shopping experiences and improved content in their marketplace," said John Bukowski, vice president of distribution, content and sourcing at American Express Global Business Travel. "Our objective is to ensure that our customers and travelers have access to the broadest content and an unrivaled travel experience. We are excited about collaborating with Qatar Airways and Sabre to continue to evolve our customers access to content while delivering the servicing and experience they expect from American Express GBT."
NDC is one aspect of Sabre's strategic goal to create a new marketplace for personalized travel, with some key developments expected for 2022. Dynamic air pricing for NDC offers is anticipated to become available with the recently launched Air Price IQ ™ product within the Sabre Retail Intelligence suite, which will enable airlines to optimize offers in real-time with machine learning and data analytics capabilities based on airlines' unique strategies and needs. As an NDC aggregator and airline IT provider, Sabre is now included in the Airline Retailing Maturity (ARM) index from the International Air Transport Association (IATA). Radixx, which provides solutions for low-cost carrier airlines, is also expected to become certified under the ARM index later this year as an airline IT provider.
"We've always said that NDC is a marathon, not a sprint," said Kathy Morgan, vice president of channel delivery for Sabre Travel Solutions. "We believe that realizing the potential of NDC is a collaborative effort, and we are excited about the progress we are making with carriers like Qatar Airways. Alongside strategic efforts like Sabre Travel AI ™, as well as the launch of our Retail Intelligence suite of products, these NDC achievements expand and progress our opportunities to advance personalized retailing."
About Sabre Corporation
Sabre Corporation is a leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
About Qatar Airways
A multiple award-winning airline, Qatar Airways was announced as the 'Airline of the Year' at the 2021 World Airline Awards, managed by the international air transport rating organization, Skytrax. It was also named 'World's Best Business Class', 'World's Best Business Class Airline Lounge', 'World's Best Business Class Airline Seat', 'World's Best Business Class Onboard Catering' and 'Best Airline in the Middle East'. The airline continues to stand alone at the top of the industry having won the main prize for an unprecedented sixth time Qatar Airways currently flies to more than 150 destinations worldwide, connecting through its Doha hub, Hamad International Airport, voted by Skytrax as the 'World's Best Airport 2022'.