BUSINESS AVIATION

CAE concludes acquisition of Sabre's Airline Operations (AirCentre) portfolio

CAE | March 02, 2022

AI Blog
CAE (NYSE: CAE) (TSX: CAE) announced that it has concluded the previously announced acquisition of Sabre's Airline Operations portfolio (formerly known as AirCentre solutions), a highly valuable suite of flight and crew management and optimization solutions, for an enterprise value of US$ 392.5 million. The acquisition includes the Sabre Airline Operations product portfolio, related technology and intellectual property as well as the transfer of highly talented workforce.

"We are very pleased to welcome Sabre's Airline Operations customers and employees to CAE, This acquisition, in addition to our ongoing technological transformation and our previous acquisitions of Merlot and RB Group, allows us to expand our reach into digitally-enabled flight and crew management and optimization services and create additional value for our customers".

- Marc Parent, CAE's President and CEO.


CAE has been carrying out a growth strategy with the intent to emerge from the COVID-19 pandemic a larger, more resilient, and more profitable company than ever before. The acquisition, the ninth accretive acquisition for CAE since the COVID-19 pandemic began, will further expand CAE's reach across its broad customer base beyond simulators and pilot training and establish the company as a technology leader in the growing marketplace for industry-leading, digitally enabled flight and crew operations solutions. CAE expects that the transaction will be mid-single-digit percentage EPS1 accretive, and even higher free cash flow2 accretive, for CAE within the first year post-closing.

Over the past two years, CAE has been unifying its digital flight operations business with the goal of delivering a holistic suite of solutions designed to improve operations and unite airline, business jet operators and crew in a single, interconnected and growing digital ecosystem. With the addition of this suite of digital capabilities to the existing business, CAE will now engage with pilots at every point of their career life cycles, from training and flight preparation, planning and scheduling right through to in-flight route optimization, performance and analytics.

The acquisitions of Merlot and RB Group in December 2020 and April 2021 marked milestones in CAE's journey to pioneer the development of a digital flight operations ecosystem. And in July 2021, CAE announced Project Resilience, a multi-year innovation program to develop the technologies of tomorrow, including digitally immersive solutions leveraging data and artificial intelligence in civil aviation. For more information about CAE's portfolio of flight operations solutions visit these pages.

About Sabre Airline Operations

The Airline Operations business includes almost 500 employees located in 12 countries, including 6 hubs (Dallas, Bangalore, Vienna, Krakow, Montevideo, and Shanghai). It delivers software solutions to more than 150 airline customers, with a portfolio that includes:
  • Crew Management: Enables enhanced long-term planning, innovative tracking and management, and disruption management decision support to help carriers manage crew schedules and keep crew members informed with real-time data
  • Flight Management: Allows airlines to manage the core functions of flight operations to deliver efficient flight plans and support increased productivity
  • Movement Manager: Helps airlines to gain a competitive advantage by optimizing the use of aircraft and operational plans to help meet commercial objectives such as protecting schedules, reducing disruptions and minimizing passenger impact
  • Airport Management: Manages airport operations such as planning, gate assignments and staffing to support increased operational efficiency, help optimize costs and improve the customer experience
  • In-flight: Spans all aspects of service planning, meal ordering, forecasting, operations, materials management, financial controls and reporting

About CAE
CAE is a high technology company, at the leading edge of digital immersion, providing solutions to make the world a safer place. Backed by a record of more than 70 years of industry firsts, we continue to reimagine the customer experience and revolutionize training and operational support solutions in civil aviation, defence and security, and healthcare. We are the partner of choice to customers worldwide who operate in complex, high-stakes and largely regulated environments, where successful outcomes are critical. As testament to our customers' ongoing needs for our solutions, over 60 percent of CAE's revenue is recurring in nature. We have the broadest global presence in our industry, with more than 11,000 employees, 180 sites, and training locations in over 35 countries.

Spotlight

The PurePower® PW800 engine is a 16,000-pound-thrust-class turbofan that is optimized for high-flying, fast, long-range business jets and shares the same proven, rigorously tested core technology used in Pratt & Whitney's award-winning PurePower family of geared turbofan commercial engines.


Other News
AIR TRANSPORT

Frontier Airlines Introduces First A321neo with GTF Engines

Frontier Airlines | October 12, 2022

Pratt & Whitney, a Raytheon Technologies business , and Frontier Airlines ("Frontier") today welcomed the arrival of the carrier's first Airbus A321neo aircraft, outfitted with Pratt & Whitney GTF™ engines, at a celebration at Tampa International Airport. In recognition of the companies' relationship, Frontier asked Pratt & Whitney employees to name the first three aircraft. The first plane was named "Frederick the Bald Eagle" in honor of the company's founder Frederick B. Rentschler, recognizing the nearly 100-year history of the engine maker. The aircraft features Pratt & Whitney's hallmark bald eagle on the tail and marks the first of 144 A320neo family aircraft 134 purchased and 10 leased for which Frontier has selected the GTF engine. In the coming months, Frontier will reveal two additional aircraft named after other Pratt & Whitney pioneers, each with its own unique tail design. Rick Deurloo, president of Commercial Engines at Pratt & Whitney, joined Frontier President and CEO Barry Biffle, along with employees and distinguished guests, at Tampa International Airport to mark the occasion and the shared commitment to a more sustainable future. "Our employees are the true trailblazers, who are committed to developing the transformative technologies that will allow the industry to achieve its commitment to net zero carbon emissions by 2050,For the flying public, the Pratt & Whitney GTF engine means a focus on environmental responsibility with less fuel consumption, fewer emissions and lower noise keeping fares low and contributing to quieter flights and cleaner communities." Rick Deurloo, president of Commercial Engines at Pratt & Whitney We are thrilled to welcome our first A321neo, powered by Pratt & Whitney's groundbreaking GTF engines, to the Frontier fleet," said Biffle. "Frontier is already America's Greenest Airline based on our young, highly fuel-efficient fleet, and these new aircraft will take us to the next level in terms of operational efficiency and a further lessening of our environmental footprint. The operational performance offered by these aircraft will generate savings that can be passed on to our customers, helping us continue to deliver on our mission of providing 'Low Fares Done Right' across America and beyond.Rentschler founded the Pratt & Whitney Aircraft Company in Hartford, Conn. in July 1925. He had a vision for viable commercial aviation: the best planes can only be built around the best engines. The company's first product, designed by the end of that year, was an air-cooled, radial piston engine named the Wasp. The engine transformed the aviation industry and is the only aircraft engine to be designated an historic landmark to this day. The GTF engine extends Rentschler's vision and spirit of innovation with its geared fan design. It has saved airlines more than 800 million gallons of fuel and over 8 million metric tons of CO2 since it entered service in January of 2016.The Pratt & Whitney GTF™ engine is the only geared propulsion system delivering industry-leading sustainability benefits and dependable, world-class operating costs. It offers the greatest fuel efficiency and lowest greenhouse gas emissions for the Airbus A320neo family. GTF-powered aircraft reduce fuel consumption and CO2 emissions by 16% to 20%, NOx emissions by 50% and noise footprint by 75%.* Certified for operation on 50% sustainable aviation fuel (SAF) and successfully tested on 100% SAF, the engines are capable of further reductions in carbon emissions, which will help the aviation industry meet its goal of net zero emissions by 2050. The engine's revolutionary geared fan architecture is the foundation for more sustainable aviation technologies in the decades ahead, with advancements like the Pratt & Whitney GTF Advantage™ engine and beyond. Learn more at pwgtf.com. Reductions vs. prior-generation aircraft, based on 75 dB noise contour and ICAO CAEP/6 emissions regulations. About Pratt & Whitney Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units.

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

AEROSPACE

Vita Rescue System Completes U.S. Army Developmental Flight Testing

Vita Inclinata | November 30, 2022

The U.S. Army Aeromedical Research Laboratory (USAARL) completed developmental flight testing on the Vita Rescue System – Litter Attachment (VRS-LA) for the Product Director (PD) MEDEVAC. The VRS-LA is an anti-rotational device that can be used to increase the effectiveness and safety of MEDEVAC hoist missions. The VRS-LA was tested on both the SKEDCO Basic Rescue System and the Stokes Rescue Litter. Testing was conducted to ensure the device would perform in various operational environments. Completion of the army flight and environmental testing is an important milestone for Vita Inclinata as it moves through the airworthiness certification process. The flight-testing process put the VRS LA through a series of rigorous field tests designed to fully explore the technology's capability. Prior to flight testing, the VRS underwent extensive environmental testing designed to ensure that the system will function under even the most extreme conditions. Up next, for the VRS-LA is the user-evaluation phase. During this phase, the system will be used by soldiers in the field with the express purpose of collecting user feedback and ensuring mission effectiveness. Vita is proud to have completed developmental flight testing and looks forward to continuing our work with the Army testing team at USAARL to ensure this life-saving technology can achieve the mission of bringing soldiers home every time.

Read More

COMMERCIAL AVIATION

Latecoere Will Be Present at the National Business Aviation Association (NBAA) Convention in Orlando from October 18 to 20

Latecoere | October 17, 2022

Latecoere, a "tier 1" international partner group of the world's largest aircraft manufacturers, will be present at the "2022 NBAA Business Aviation Convention & Exhibition" in Orlando in the United States from October 18 to 20, which brings together 1,000 aviation companies from business. On stand n°3669, Latecoere will offer a range of intelligent equipment intended for business aviation: Smart LiFi Monitor, 4K monitors, IFE camera systems... Latecoere experts will also present breakthrough technologies for the cabin such as such as LiFi and on-board fiber optics, which could help lighten the aircraft and thus reduce fuel consumption. Through its expertise in interconnection systems and aerostructures, Latecoere provides solutions for many business aviation platforms, in particular for Airbus, Boeing, Bombardier and Dassault Aviation. About Latecoere As an international group and "Tier 1" partner of the world's leading aircraft manufacturers (Airbus, Boeing, Bombardier, Dassault, Embraer), Latecoere serves aerospace with innovative solutions for a sustainable world. The Group operates in all segments of the aerospace industry (commercial, regional, business and military aircraft), in two business areas: Aerostructures (46% of sales): fuselage sections and doors. Interconnection Systems (54% of sales): wiring, electrical furniture and onboard equipment.

Read More

Spotlight

The PurePower® PW800 engine is a 16,000-pound-thrust-class turbofan that is optimized for high-flying, fast, long-range business jets and shares the same proven, rigorously tested core technology used in Pratt & Whitney's award-winning PurePower family of geared turbofan commercial engines.

Resources