SOUTHWEST | February 17, 2022
Southwest Airlines Co. (NYSE: LUV) (the "Company") is excited to announce it has joined the Vision 2045 campaign, a collaboration among multiple organizations and companies to share films and resources that aim to inspire businesses and people to take action toward a more sustainable future.
"Southwest® is honored to be part of the Vision 2045 campaign showcasing how the Company is making sustainability a priority through a series of near-term actions and long-term goals, while being the airline with Heart, We're thrilled to join other organizations from across the globe that are telling their stories and highlighting the collective effort through this innovative campaign."
-Stacy Malphurs, Vice President of Supply Chain Management and Environmental Sustainability for Southwest Airlines.
Sustainability is a priority for Southwest, and the Vision 2045 campaign highlights the Company's initiatives to address its environmental impact. This includes a 10-year plan to maintain carbon neutral growth to 2019 levels while continuing to grow its operations, and a long-term goal to achieve carbon neutrality by 2050.
ABOUT SOUTHWEST AIRLINES CO.
Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Celebrating its 50th Anniversary in 2021, Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 55,0002 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. That formula for success brought industry-leading prosperity and 47 consecutive years3 of profitability for Southwest Shareholders (NYSE: LUV). Southwest continues to develop tangible steps toward an environmental sustainability goal of achieving carbon neutrality by 2050, including offering an opportunity for Customers to contribute toward helping Southwest offset its carbon emissions.
777 Partners | May 06, 2022
777 Partners, a Miami-based private investment firm with a growing aviation and travel portfolio, announced the acquisition of Tel Aviv-based AeroCRS and Copenhagen-based WorldTicket.
The addition of AeroCRS and WorldTicket to 777 Partners' travel technology portfolio supports the company's ambitious technology strategy focused on delivering solutions that create new commerce channels for travel companies and improve next-generation retailing, distribution, interlining, and passenger connectivity.
"Changes within the travel sector have created an unprecedented opportunity for a new wave of highly disruptive companies focused on the latest retailing technology to partner with the wider travel community. We are delighted to welcome the talented AeroCRS and WorldTicket teams into the 777 family as we deliver on our exciting travel strategy through 2022 and beyond."
Joshua Wander, founder and managing partner of 777 Partners
777 Partners also leases aircraft and deploys technology solutions to its dynamic portfolio of airline investments, including Flair in Canada and the Australian start-up airline Bonza. With the 2019 acquisition of Air Black Box, an interlining technology company, the addition of AeroCRS and WorldTicket will form a new travel group offering a suite of disruptive technology products to airlines and travel companies worldwide. The acquisitions are part of 777 Partners' $100m commitment to the travel vertical and supporting the post-pandemic travel rebound and industry restructure through new disruptive technology opportunities.
Founded in 2006, Israel-based AeroCRS offers several travel-related products, including inventory management, reservations, and flight/fare management technology. The proven technology and product suite have been adopted significantly over the last two years as the aviation industry reviewed partnerships and distribution strategies. With cloud based and NDC level 4 technology at its heart, AeroCRS already hosts 90 airlines worldwide, with eight more in advanced implementation.
Meir Hadassi Turner, CEO & Founder of AeroCRS, said, "We are delighted to embark on our next exciting growth stage with 777 Partners. The adjacent synergies across the investment portfolio are significant and combined with 777's own proprietary technology and talent, we'll create a new travel group and a suite of travel solutions to support the growth and transformation of global start-up, low cost and full-service carriers of all sizes."
The acquisitions were led by Josh Wander and Steve Pasko, the founders of 777 Partners, and Adam Weiss, Chief Executive Officer of the firm's travel group who oversees all aviation and travel investments.
"Over the last two years, we have been focused on architecting and building a platform of interoperable, modular products which enable airlines, airports, and other travel companies to evolve their business models and regain control of passenger relationships by unencumbering themselves from legacy systems. These acquisitions significantly advance that effort." said Adam Weiss.
AeroCRS provides technology services and distribution connectivity to more than 90 travel companies worldwide since 2006. Its technology solutions include inventory management, yield & revenue management, fares & classes management, open API, B2C & B2B platform, fares branding, FFP, BI platform, reporting center, and many more technology services. In addition to the core software services, AeroCRS invented the AeroCRS Network. The Network is an online distribution platform for airlines based on API integrations globally to over 20 distribution channels. Any airline using the AeroCRS Network can increase sales and grow distribution reach no matter which Passenger Service System (PSS) solution it uses.
WorldTicket is a leading provider of Passenger Service Solutions (PSS) to airlines of all business models. Since 2002 the company has developed innovative and flexible airline IT solutions and is currently servicing more than 75 airlines worldwide. WorldTicket is headquartered in Copenhagen and has offices in Miami, Bangkok, Warsaw, Kyiv and Beijing. The global organization set-up allows 24/7 support for all airline customers across time zones. WorldTicket is the only PSS provider that has acquired its AOC holding airline, FlexFlight, with the IATA code W2. It allows the innovative company to sub-host any airline into the GDS without any long implementation times and upfront investments.
About 777 Partners
777 Partners is a Miami-based alternative investment firm that invests across several high-growth, attractive verticals. Founded in 2015, 777 Partners strategically invests across six broad industries: insurance; consumer and commercial finance; litigation finance; direct lending; sports, media and entertainment; and aviation. Within sports, notable investments include Genoa FC, a significant stake in Sevilla FC, one of Spain's most prestigious and successful football clubs, and the London Lions, London's only team in the British Basketball League team. Within travel, investments include AeroCRS, WorldTicket, Air Black Box and the ultra-low-cost carriers, Flair and Bonza.
Global Market Insights Inc. | December 17, 2021
Bristow and Overair Form Strategic Partnership to Introduce Butterfly; a Zero Emission, Low-Noise Vertical Transport Vehicle
Bristow has pre-ordered 20 to 50 Butterfly aircraft and both companies will work together to develop an operations development framework focusing on vehicle design considerations, key performance parameters, FAA certification, flight planning best practices, data sharing for improvement of flight operations, connected vehicle and health monitoring strategies, configuration and maintenance protocols, infrastructure, ground support operations, connected fleet management, and government affairs and promotion of eVTOL operations.
"Bristow's decades of vertical lift experience will greatly enhance Butterfly's path to commercialization. Their operating insight, combined with our development and execution of the Butterfly program, will position Butterfly to serve Bristow as a valuable workhorse on high-density routes, We're elated to learn from Bristow's practical expertise and ultimately deliver an aircraft optimized for their use cases."
-Ben Tigner, Chief Executive Officer of Overair.
"Our MOU with Overair allows us to advance our leadership position in the vertical transportation market that we've built over the past 70+ years and will now set the stage for the next generation of vertical flight. Our collaboration facilitates expansion into new high-density geographic markets with sustainable, innovative and efficient vertical lift and aerial transport services, As the global leader in vertical lift, Bristow's operational expertise and efficiency, supported by the trust and confidence of our customers, can safely bring eVTOL aircraft into the market."
-Bristow President and Chief Executive Officer Chris Bradshaw.
Bristow, one of the world's largest and most experienced helicopter operators, plans to use the unique attributes of these eVTOL aircraft to help reduce its carbon footprint. The company understands the benefits of a varied fleet and intends to diversify its existing operations with Butterfly and other eVTOLs for commercial air taxi routes in metropolitan areas. Notably, of the vehicles Bristow is currently considering, Butterfly is the only aircraft with a vectored thrust configuration.
Bristow expects to optimize its fleet management strategy by matching eVTOL attributes with the most economically productive mission profiles. Butterfly's low-noise profile, payload capacity and ability to fly in a broad range of weather conditions will be well-suited for high-density, noise sensitive routes in geographies with varied environmental concerns. The Butterfly aircraft features low maintenance costs and mechanical simplicity, which enables high vehicle uptime and utilization, increasing operator margins and passing value on to riders.
Overair's experience developing military-grade rotorcraft propulsion systems is expected to unlock a highly strategic collaboration between the companies. Work is set to begin immediately, focusing on FAA certification planning, a robust safety operating culture, and other unique aspects of vertical flight operations.
About Bristow Group
Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of major integrated, national and independent offshore energy companies. Bristow provides commercial search and rescue (SAR) services in several countries and public sector SAR services in the United Kingdom (U.K.) on behalf of the Maritime & Coastguard Agency (MCA). Additionally, the Company offers ad hoc helicopter and fixed wing transportation services. Bristow currently has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K. and the U.S.
Overair, Inc. is positioned to be a global leader in advanced air mobility. Based in Santa Ana, California, Overair's growing team is harnessing decades of military aircraft innovation to design, manufacture, and operate all-electric vertical takeoff and landing aircraft. With a path to FAA certification in 2025, Overair is dedicated to making the world a smaller, cleaner place for everyone using Butterfly, the most robust, efficient, and quiet aircraft in its class.
Avelo Airlines | January 03, 2022
Avelo's exclusive direct service between Connecticut's most convenient airport – Tweed-New Haven Airport (HVN) - and Palm Beach International Airport (PBI) will operate daily between December 16, 2021 and January 4, 2022. Flight 345 departs HVN at 7:00 a.m. arriving PBI at 10:10 a.m. Flight 346 departs PBI at 10:50 a.m. arriving HVN at 1:40 p.m. Beginning January 5, Avelo will operate the flight five days per week (Mondays, Thursdays, Fridays, Saturdays and Sundays). The flights will be operated by Boeing Next Generation 737-700 aircraft.
"We are excited to begin service today between the Palm Beaches and Southern Connecticut, HVN is Connecticut's most convenient airport and the ultimate gateway between the remarkable cultural, dinning, entertainment and outdoor options both regions have to offer. We look forward to welcoming our new Customers from both popular and beautiful destinations."
-Avelo Chairman and CEO Andrew Levy.
Explore the Palm Beaches
The Palm Beaches is home to legendary beaches, shopping and entertainment. The area's iconic restaurants, glitzy nightlife and unapologetically luxurious resorts attract sunseekers from across the globe. Lined with stately palm trees, this South Florida paradise is a vacationer's nirvana. With miles of world-famous white sand beaches and turquoise water, there is a spot on this majestic Atlantic coastline for every mood and interest.
"We are excited to welcome Avelo Airlines to PBI with nonstop service from New Haven, CT, Offering our passengers an easy, convenient, stress-free experience is our goal and this will only build on that reputation. The northeast is a very important market and additional nonstop service is key to its continued growth and popularity for our travelers."
-Laura Beebe, director of airports for Palm Beach County.
The New Way to Connecticut
Best known as the home of Yale University, New Haven is the second largest city in Connecticut and is part of the New York metropolitan area. The coastal city has experienced—and continues to enjoy—a renaissance. Within an easy stroll from the New Haven Green are more than 100 distinctive restaurants, offering something for every palate, and the city abounds with theaters, museums, and shopping destinations to satisfy all interests and tastes.
New Haven has a rich cultural heritage, from museums and theatres to music festivals and entertainment throughout the year, including the New Haven Jazz Festival, the annual St. Patrick's Day Parade, and the Wooster Square Cherry Blossom Festival that regularly bring thousands of visitors to the city.
Amidst the crowds, long lines, lengthy walks, and traffic congestion encountered at other airports frequented by travelers to and from the region, HVN offers a refreshingly smooth and simple alternative hometown airport experience. HVN's adjacency to multiple major highways and commuter railways make it Connecticut's most convenient and easily accessible airport.
Avelo is the first airline to offer nonstop flights between HVN and Florida. Avelo's arrival to HVN also marks the largest expansion of service at HVN in more than 30 years.
A Different, Better and More Affordable Travel Experience
Avelo's everyday low fares have no change or cancellation fees. There is also no charge for Customers who choose to make reservations by phone. Additionally, Avelo offers several unbundled travel-enhancing options that give Customers the flexibility to pay for what they value, including priority boarding, checked bags, carry-on overhead bags, and for bringing a pet in the cabin.
Avelo operates single-class, fuel-efficient 147-seat 737-700 Boeing jets between HVN and PBI, offering Customers a more spacious and comfortable experience than the regional aircraft historically serving HVN. Customers may choose from several seating options, including seats with extra leg room, as well as pre-reserved window and aisle seating.
Avelo became America's first new scheduled airline in nearly 15 years when it initiated service on April 28, 2021, from its first base at Los Angeles' Hollywood Burbank Airport (BUR). The airline – which offers a convenient, affordable, and caring experience – currently serves 18 popular destinations across the U.S.
Avelo initiated service from HVN to Florida on November 3. In addition to PBI, Avelo currently serves Fort Myers, Tampa, Fort Lauderdale and Orlando. Avelo will initiate service to Sarasota/Bradenton, Fla. in January.
Avelo is distinguished by its Soul of Service culture. The culture is grounded in a "One Crew" mindset that promotes teamwork, understanding and kindness. By caring for one another and owning their commitments, Avelo Crewmembers provide a smooth, enjoyable, reliable, and caring experience for its Customers.
About Avelo Airlines
Avelo Airlines was founded with a simple purpose — to Inspire Travel. The airline offers Customers time and money-saving convenience, very low everyday fares, and a refreshingly smooth and caring experience through its Avelo Soul of Service culture. Operating a fleet of Boeing Next Generation 737 aircraft, Avelo serves 18 popular destinations across the U.S., including its West Coast base at Los Angeles' Hollywood Burbank Airport (BUR) and its East Coast base at Tweed-New Haven Airport (HVN). For more information visit AveloAir.com. Avelo BROLL + Images here.