AVIATION TECHNOLOGY

China Airlines and Boeing Announce Order for Four 777 Freighters

Boeing | January 27, 2022

Aircraft News
Boeing [NYSE: BA] and China Airlines today announced the Taiwan flag carrier has ordered four 777 Freighters, adding to its extensive fleet of Boeing airplanes. Valued at $1.4 billion at list prices, the order will enable the airline to capture new market opportunities as global air cargo demand continues to grow.

"The 777 Freighter has played a critical role in our efforts to maintain profitability during the pandemic, and these additional airplanes will be an integral part of our long-term growth strategy, We are excited to add more 777 Freighters due to their operational efficiency and reliability. Our fleet modernization program will enable us to deliver added value to our customers, especially as the global supply chain continues to evolve."

- China Airlines Chairman Hsieh Su-Chien

The 777 Freighter is the world's largest, most capable twin-engine Freighter. It has a range of 4,970 nautical miles (9,200 km) with a maximum revenue payload of 102 tonnes (224,900 lbs), while contributing to a 17% reduction in fuel use and CO2 emissions per tonne compared to prior generation airplanes. In addition, the 777F will allow China Airlines to make fewer stops on long-haul routes, further reducing associated landing fees and resulting in the lowest trip cost of any large freighter.

"We are thrilled that China Airlines has again selected the 777 Freighter to serve as the backbone of its world-class air cargo fleet, The market-leading capabilities of the 777 Freighter provide added capacity, improved efficiency and greater value to China Airlines' customers, enabling the carrier to meet air cargo demand and position itself for long-term growth."

- Ihssane Mounir, senior vice president of Commercial Sales and Marketing.

In 2021, China Airlines' air cargo revenue was up 186% above the pre-pandemic year of 2019, which nearly balanced out a 96% drop in passenger revenue. Last year China Airlines Cargo recorded the best year in its history – over TWD 100 billion (USD $3.6 billion) in revenue – by leveraging its existing all-Boeing fleet of (18) 747-400 Freighters and (3) 777 Freighters. With (3) 777 Freighters already on order, China Airlines' 777 Freighter is the perfect complement to the airline's existing 747-400 Freighter fleet, seamlessly accommodating the 3-meter (10-foot) tall pallets and maximizing flexibility for its air cargo operations.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact.

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AVIATION TECHNOLOGY

Electra Flies Solar-Electric Hybrid Research Aircraft

Electra | September 28, 2022

Electra.aero, Inc , a next-gen aerospace company with a mission to help decarbonize aviation and open new air transportation markets, announced today that it has completed the first flight of a solar-battery hybrid electric research aircraft. This 90-foot wingspan unmanned aircraft system (UAS) made its first flight from Manassas Regional Airport, Virginia on September 9, 2022, and is the first airplane to emerge from Electra's new development facility there.The new plane, named Dawn One, is part of the Stratospheric Airborne Climate Observatory System (SACOS) program. SACOS is being developed under the leadership of Professor James G. Anderson at Harvard University. The project is supported by a contract from the National Aeronautics and Space Administration (NASA) and by the Weld Foundation for Scientific and Environmental Development. "SACOS is designed to innovatively address a broad range of scientific missions and serve as a climate observing system that will herald a new era in the quantitative dissection of the physics, chemistry, and biology controlling critical climate systems. Following the lead of the new National Academy of Sciences report Global Change Research Needs and Opportunities for 2022-2031, SACOS promises to dramatically expand our national climate research capabilities," Professor Anderson.Harvard University The high-spatial resolution observations from SACOS will provide, for the first time, quantitative forecasts of risk associated with rapidly expanding wildfires, the increasing rate of sea level rise, the intensification of severe storms, and global shifts in arid regions that trigger water shortages. Moreover, these quantitative forecasts of risk will, in turn, establish the essential intellectual links directly coupling irreversible changes in the climate structure to economics, public policy, and associated societal instability, Professor Anderson explained. The Dawn One project originated at the Massachusetts Institute of Technology (MIT) led by Professors John Hansman and Mark Drela. Detailed design, construction, and testing of the aircraft were led by Electra. This solar-battery aircraft is part of Electra's ongoing development of reduced and zero-carbon aircraft propulsion technologies, which also include turbine-electric and hydrogen fuel cell-based hybrid systems. The SACOS flight is part of the public celebration of the 2021 Dreyfus Prize in Chemical Sciences, to be presented to Professor Anderson on September 29, 2022 at Harvard. JP (James) Stewart of Electra and Annick DeWald of MIT led the aircraft team that included researchers and students from MIT, Harvard, Virginia Tech, Penn State, Stanford, Tuskegee, Embry Riddle, University of Michigan, San Diego State, and The University of Texas at El Paso. About Electra Electra.aero, Inc. is a next-gen aerospace company leading the way in building aircraft for sustainable air transportation. Electra's first commercial product is a clean, hybrid-electric, ultra-short takeoff and landing (eSTOL) airplane for urban and regional air mobility. Electra's eSTOL will quietly fly people and cargo with greater payload, longer range, and significantly lower operating costs than comparably sized vertical takeoff alternatives. Electra is based in Virginia and has operations in Massachusetts and Switzerland.

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BUSINESS AVIATION, COMMERCIAL AVIATION

United and Emirates Expand Market Presence Through New Agreement

United Airlines | September 15, 2022

United and Emirates announced a historic commercial agreement today that will enhance each airline's network and give their customers easier access to hundreds of destinations within the United States and around the world.United will launch a new direct flight between Newark/New York and Dubai starting in March 2023 – from there, customers can travel on Emirates or its sister airline flydubai to more than 100 different cities. Tickets for United's new Dubai flight are now on sale.Starting in November, Emirates customers flying into three of the nation's biggest business hubs – Chicago, San Francisco and Houston – will have access to nearly 200 U.S. cities in the United network – most of which only require a one-stop connection. At eight other U.S. airports served by Emirates – Boston, Dallas, LA, Miami, JFK, Orlando, Seattle and Washington DC – both airlines will have an interline arrangement in place. United and Emirates announced their agreement today at a ceremonial event at Dulles International Airport, hosted by United CEO Scott Kirby and Emirates President Sir Tim Clark, featuring United and Emirates Boeing 777-300ER aircraft and flight crews from each carrier. "This agreement unites two iconic, flag carrier airlines who share a common commitment to creating the best customer experience in the skies,United's new flight to Dubai and our complementary networks will make global travel easier for millions of our customers, helping boost local economies and strengthen cultural ties. This is a proud moment for both United and Emirates employees, and I look forward to our journey together." United CEO Scott Kirby Two of the biggest, and best-known airlines in the world are joining hands to fly people better to more places, at a time when travel demand is rebounding with a vengeance. It's a significant partnership that will unlock tremendous consumer benefit and bring the United Arab Emirates and the United States even closer," said Sir Tim Clark, President Emirates Airline. We welcome United's return to Dubai next year, where our hub Dubai essentially becomes a gateway for United to reach Asia, Africa and the Middle East via the combined network of Emirates and flydubai. We look forward to developing our partnership with United for the long term. Soon customers of both airlines can book these connecting flights on a single ticket making check-in and luggage transfer faster and easier. For example – travelers will be able to visit United.com or use the United app to book a flight from Newark/New York to Karachi, Pakistan or go to Emirates.com to book a flight from Dubai to Atlanta or Honolulu. This agreement will also give the loyalty program members of both airlines more opportunities for more rewards: United MileagePlus® members flying on United's Newark/New York to Dubai flight can soon earn and redeem miles when connecting beyond on Emirates and flydubai and Emirates Skywards members will be able to earn miles when they travel on United operated flights. Eligible United customers will also soon have access to Emirates lounges when connecting to and from United's new Dubai flight. Both airlines have recently announced significant investments in the customer experience. Emirates will retrofit more than 120 aircraft as part of a $2 billion effort that includes elevated meal choices, a brand-new vegan menu, a 'cinema in the sky' experience, cabin interior upgrades, and sustainable choices. At United, the airline will add 500 new Boeing and Airbus aircraft to its fleet with a focus on a new signature interior that includes seat-back screens in every seat, larger overhead bins, Bluetooth connectivity throughout, and the industry's fastest available in-flight WiFi.About United United's shared purpose is "Connecting People. Uniting the World." From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, 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. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol UAL.

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AIR TRANSPORT, COMMERCIAL AVIATION

Air Lease Corporation Announces Lease Placement of Two New Airbus A321neo LR Aircraft with HiSky

Air Lease | September 12, 2022

Today Air Lease Corporation announced long-term lease placements for two new Airbus A321neo LR aircraft with HiSky. Scheduled to deliver to the European carrier in March 2023 from ALC’s order book with Airbus, these two new A321neo LRs join one Airbus A319 and four A320s currently on lease to the airline from ALC and its managed vehicles, Blackbird I and II. “ALC is pleased to announce this placement with HiSky for two new A321neo LRs ,HiSky launched in 2020 with used A320 family aircraft exclusively provided by ALC and they have grown their business consistently since then. The airline is now ready to take the next step in their growth plans and we are happy to support this expansion with two brand-new A321neo LRs." David Beker, Senior Vice President of Air Lease Corporation The addition of these two new A321neo LR aircraft is the right ingredient to sustain our growth strategy in 2023,” said Iulian Scorpan CEO of HiSky. We are grateful to ALC for the opportunity to operate the industry’s most modern aircraft offering top performance, range, and fuel-efficiency. Starting in April 2023, HiSky passengers will benefit from several long-range nonstop flight solutions to be announced this autumn. About Air Lease Corporation Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release. About HiSky HiSky is an EASA certified airline that operates in Romania and Moldova from three operational bases: Bucharest, Cluj and Chisinau. HiSky combines charter and scheduled flights and, expects, in the coming months to celebrate the transportation of its first one million passengers since the inception of operations in March 2021. With a team of enthusiastic and seasoned professionals with hundreds of years of experience in aviation, HiSky currently has a fleet of four Airbus A320s with 180 seats and an Airbus A319 with 144 seats.

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AIR TRANSPORT

Mohawk Technologies to Exhibit at AUSA Convention in October

Mohawk Technologies | October 04, 2022

Mohawk Technologies, a disabled veteran-owned small business with the mantra of "Your Mission … Our Solution", will be exhibiting at the upcoming Association of the United States Army (AUSA) Convention from October 10-11 in Washington, D.C. The company will be showcasing its former US Army Grumman OV-ID/RV-1D Mohawk aircraft, which it will be using as a research and development platform for specialized equipment, flight training and proof of concept evaluations. This will be an opportunity for attendees to learn more about Mohawk Technologies and how it will continue to contribute to the advancement of aerial research & development with an environmentally sensitive low carbon impact aircraft. Used for over 50 years in combined multinational roles, 35 of which were for the U.S Army the Grumman OV-1 Mohawk aircraft has proven performance in a variety of critical applications from light attack, observation, and reconnaissance in operating theaters from Vietnam, Korea, Middle East (Desert Storm), Israel and South America. This versatile aerial platform in subsequent use for more than 15 years under civilian control, was a go-to aircraft for the US Navy Test Pilot School, US Navy Research Laboratory, US Army at Redstone, INSCOM, Corps of Engineers and civilian agencies like National Test Pilot School, Lawrence Livermore National Laboratory, and NASA's Wallops Flight Center. Our Grumman OV-1D/RV-1D Mohawk aircraft are still real-world contenders for airborne research & development of specialized equipment. Mohawk Technologies is scheduled to have operational availability in the 2nd quarter of FY 2023 said a spokesperson for the company". Technical, airworthiness guidance and engineering support is being provided by the Kestrel Group, LLC of South Carolina, a disabled veteran owned small business with extensive Mohawk OV-1D expertise. The multi- role Grumman OV-1D/RV-1D Mohawk is a twin-engine turboprop, low carbon impact aircraft that can perform a wide range of missions and can be optimized for surveillance and target acquisition missions. Both aircraft versions are highly maneuverable and have short takeoff and landing (STOL) capabilities. They can also be equipped with state-of-the-art sensors and avionics, ideally suited for multiple types of operations. These M.T. Mohawk aircraft are currently being retrofitted with new avionics, flight instrumentation during restoration. The first aircraft are scheduled to come online in FY 2023 with the potential to expand capability and availability.

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