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Enhanced Jet Card Program Offers Paramount Business Jets Clients Even Greater Flexibility

Paramount Business Jets | September 16, 2022 | Read time : 02:22 min

Enhanced Jet Card Program Offers Paramount Business Jets Clients Even Greater Flexibility
In honor of its continued record-setting number of monthly trip bookings and the company's fourth year on the Inc. 5000 list of the country's fastest-growing companies, acclaimed private aircraft charter broker Paramount Business Jets (PBJ) recently unveiled its enhanced jet card program offering clients expanded budgeting options and greater travel flexibility.Available in Emerald, Gold, and Platinum tiers, The Paramount Jet Card provides access to more than 4,000 of the safest and most luxurious private jets in the world with as little as four hours' notice.

"The Paramount Jet Card provides each client with a curated, full-service private jet experience.With funds already on account, clients may charter an aircraft through their smartphone and complete the entire booking process via simple email confirmation."

PBJ Founder and CEO Richard Zaher

Holders of The Paramount Jet Card also benefit from low fixed management fees, access to wholesale pricing with no annual flight commitment, and worldwide service with no blackout dates. There are no upfront fees, international fees, or monthly fees, regardless of whether clients book charter travel for the month. "The lack of even a monthly service fee is unique in the private jet charter industry," Zaher noted, "and is another example of our commitment to earning our client's business by providing fair and transparent pricing throughout the private jet charter experience." The Paramount Jet Card is available with a minimum deposit of $100,000 held in a dedicated account available for use only by the cardholder. This locks in a guaranteed management fee of 16% of the total charges for each trip, or $1,600, whichever is greater. Larger deposits provide access to even lower management charges, as well as credits as high as $500 per trip, depending on aircraft type, which may be applied to inflight catering, automobile rentals, and other concierge services. Any unused jet card funds are fully refundable whenever the client wishes, and there is no expiration date. In addition to industry-best rates and fully transparent pricing and invoicing, safety is another hallmark of all trips arranged by Paramount Business Jets. In-house personnel direct comprehensive safety checks on all flights, with PBJ's proprietary screening of crew experience, aircraft insurance requirements, operator certificate verification, and other requirements coupled with third-party safety auditors to ensure The Paramount Jet Card offers the safest charter aircraft possible. Zaher emphasized this level of personal VIP care and custom treatment sets The Paramount Jet Card apart from other jet card products, just as Paramount Business Jets has set itself apart over the past 17 years through its valued reputation for honesty, integrity, and fair business practices. Unlike others who may promise full-service jet card memberships, only to immediately pass your request to the operator without actual representation, we provide all our clients with trusted and experienced private aviation specialists who will work with you to determine the best and safest aircraft for each mission,he said. We are always on call and available to help, at any hour of the day and every day of the year.

About Paramount Business Jets
Paramount Business Jets (PBJ) is a worldwide aircraft charter broker and jet card membership provider recognized throughout the industry for its fair and ethical business practices, with a corporate culture built upon the core principles of honesty, integrity, and transparency. PBJ was founded in 2005 by Richard Zaher, a former pilot and Aerospace Studies graduate of Embry Riddle Aeronautical University (ERAU).

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Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox

Wheels Up | September 26, 2023

Wheels Up Experience (NYSE: UP) today announced that it has closed the previously announced investment by Delta Air Lines, Certares Management LLC, Knighthead Capital Management LLC and Cox Enterprises. The new investment structure combines the experience of Delta, the No. 1 premium airline, with the travel and tourism focus of Certares and turnaround and restructuring experience of Knighthead. It includes an agreement for a $500 million credit facility to Wheels Up, with funds contributed by Delta and CK Wheels LLC, which is co-managed by affiliates of Certares and Knighthead, and Cox. The announcement follows last week's selection of George Mattson as the company's new CEO. "This investment represents both an important source of capital for Wheels Up to support our strategy for financial stability, future profitability and long-term growth on behalf of our members and customers, as well as a vote of confidence in our path forward from a group of investors with deep experience in the premium travel space," Mattson said. "We look forward to working closely with Delta and our other investors to deliver best-in-class operating performance and an exceptional customer experience which, as we deepen our commercial partnership, will also enable us to provide a one-of-a-kind seamless connection between private and premium commercial travel." "Wheels Up is an integral part of Delta's portfolio of premium partners, and this deep relationship offers a significant opportunity to deliver compelling benefits to our customers that are unique in the travel space," said Dan Janki, Wheels Up Chairman and Delta's Chief Financial Officer. "This investment and new leadership puts Wheels Up on a strong path to future success." The credit facility is comprised of a $350 million term loan funded at closing from Delta, CK Wheels LLC and Cox and a $100 million revolving credit facility from Delta. The terms of the credit agreement permit a new lender to provide a $50 million term loan after the closing date, as approved by Delta, Certares, Knighthead and Cox, and it is anticipated this additional funding will close in the near term. In connection with the closing of the credit facility, the lenders will initially receive newly issued Wheels Up common stock representing 80% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. After approval by Wheels Up's stockholders of an amendment to its certificate of incorporation, the company will issue to the lenders additional new shares such that the lenders will own 95% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. Wheels Up also announced a new structure for its Board of Directors. Under the new structure, Delta Air Lines will appoint four directors, Certares and Knighthead each will appoint two directors, and Cox will appoint one director. In addition, one company executive will join the Board and two independent directors are expected to remain from the previous Board. The parties were assisted in the transaction by a number of strategic advisors, including: Davis Polk, Jefferies LLC, Kirkland & Ellis and PJT Partners. About Wheels Up Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest private aviation companies in the world. Wheels Up offers a complete global aviation solution with a large, modern, and diverse fleet, backed by an uncompromising commitment to safety and service. Customers can access membership programs, charter, aircraft management services and whole aircraft sales, as well as unique commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government, and civil organizations. Wheels Up is guided by the mission to connect private flyers to aircraft, and one another, through an open platform that seamlessly enables life's most important experiences. Powered by a global private aviation marketplace connecting its base of approximately 12,000 members and customers to a network of approximately 1,500 safety-vetted and verified private aircraft, Wheels Up is widening the aperture of private travel for millions of consumers globally. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

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Aviation Technology

Joby Subsidiary H2FLY Completes World’s First Piloted Flight of Liquid Hydrogen Powered Electric Aircraft

businesswire | September 14, 2023

H2FLY, a wholly-owned subsidiary of Joby Aviation, today announced the successful completion of the world’s first piloted flight of a liquid hydrogen-powered electric aircraft. H2FLY, acquired by Joby in 2021, continues to lead the industry on the development and testing of hydrogen aviation propulsion systems. The company completed a series of piloted flights with its HY4 demonstrator aircraft, including one that lasted more than three hours, fitted with a hydrogen-electric fuel cell propulsion system and liquid hydrogen that powered it for the entire flight. The flights demonstrate the viability of using cryogenically-stored liquid hydrogen instead of gaseous hydrogen, which enables significantly lower tank weights and volume, leading to longer range. The successful installation and demonstration of flight with liquid hydrogen is believed to increase the range of H2FLY’s HY4 demonstrator aircraft from 466 mi (750 km) to 932 mi (1500 km), marking a critical step towards the long-term decarbonization of mid- to long-range aviation. “H2FLY are pioneers in their field, and we’re proud of them achieving this watershed moment in the use of liquid hydrogen to power aircraft,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “In the years to come, battery-electric and hydrogen-electric propulsion systems will enable us to build aircraft that are quieter and make mid- to long-range air travel possible with zero emissions. It’s critical we take action now and invest aggressively in these technologies for the health of our planet and future generations to come.” The successful flights are the culmination of Project HEAVEN, a European-government-supported consortium assembled to demonstrate the feasibility of using liquid hydrogen in aircraft. The consortium is led by H2FLY and includes the partners Air Liquide, Pipistrel Vertical Solutions, the German Aerospace Center (DLR), EKPO Fuel Cell Technologies, and Fundación Ayesa. Following this test flight milestone, H2FLY will increasingly focus on its path to commercialization. In June, H2FLY announced the development of its new fuel cell systems, which will be capable of providing their full power range at altitudes high enough to enable commercial hydrogen-electric aircraft, demonstrating real-world commercial aircraft applications. About Joby Joby Aviation, Inc. is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.

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Air Transport

Global Airlines agrees purchase of three more A380s and makes further senior appointments to Advisory Board

PRnewswire | July 03, 2023

Global Airlines, the world's newest long-haul airline, has announced that it has entered into an agreement to acquire a further three A380s. With the purchase of these aircraft, the airline's fleet development reaches a new milestone with four A380s now lined up for the start of operations in Spring 2024. The additional aircraft have been purchased for an undisclosed figure and the Global team is now developing plans for their refit and return to service. Further details about the aircraft, the acquisition and the refurbishment will be published in the coming months. Global Airlines has also announced further appointments to its Advisory Board; Pierre Madrange and Ian Black. Pierre Madrange is a former French Air Force fighter pilot who later held the position of Chief Operating Officer at XL Airways, Managing Director at SR Technics and is a former Vice President of NAVBLUE, an Airbus company. Pierre brings his extensive aviation knowledge to the new airline as well significant expertise in airline operations and P&L management as well as growing leadership functions. Ian Black is a highly experienced commercial and former military pilot. He has flown commercial operations across the Far East, Australasia, India, Dubai, and Europe. He worked for a major UK long haul airline for over 25 years as a senior captain on the Airbus/Boeing fleet. He has extensive experience in long-haul flying and cumulatively has flown 20,000 hours on A330/340-300/340-600 and Boeing 787 Dreamliner. At Global, Pierre and Ian will advise the Executive Team and work closely with the Founder and CEO, James Asquith, on airline operations management and airline digitalisation. James Asquith, Founder and CEO of Global Airlines, said, "We extend our warmest welcome to both Ian and Pierre to the Global Airlines' advisory board, where they will work closely with our team. It is a real testament to the progress we are making that we continue to appoint senior and experienced people to our Advisory Board. I believe we must have one of the most experienced teams of aviation professionals coming together to launch Global Airlines." "We are also delighted to announce that we have agreed the purchase of a further three A380s to join the Global fleet. As I've always said, the A380 is the best aircraft in the sky, and we will continue to look for further acquisition opportunities." Pierre Madrange said, "I'm really pleased to be joining the Global Airlines Advisory Board. James is putting together a great team and I want to use my unique aviation network as well as my experience in the industry to help the airline do something new and exciting. A product that passengers will not only want to fly, but also an airline that aviation professionals from around the world will want to work for." Ian Black said, "Aviation is in my blood and joining the Advisory Board was an opportunity too good to turn down. For any airline, safety is the number one priority and Global will be no different. That commitment to safety is driven by not just the flight crew and cabin crews but every team member of Global Airlines, having a robust and open flight safety culture from the get-go is paramount. Working closely with both James and Richard is a real privilege, to influence the foundations of what will certainly be the very best airline this decade is a once in a lifetime opportunity. Global Airlines plans to use its fleet of owned A380 aircraft to reinvigorate the flying experience, courtesy of the unrivaled spaciousness offered by the super jumbo. Global Airlines is now focused on working closely with the relevant authorities and partners in preparation for inaugural flights in the Spring of 2024. About Global Airlines Global Airlines was launched in 2023 with an aspiration to offer passengers the best way to fly. The airline is a wholly owned subsidiary of Holiday Swap and headquartered in London, United Kingdom. The airline is led by CEO James Asquith and backed by aviation experts and investors around the world. The airline has commenced an aircraft acquisition programme with one A380 secured and more to follow in the summer of 2023. The inaugural transatlantic flights are expected in the Spring of 2024.

Read More

Air Transport

VSE Aviation Partners with AvAir for Asset Management

PRnewswire | August 18, 2023

AvAir, an industry-leading inventory solutions provider for the aviation aftermarket has been selected by VSE Aviation to manage a large component exchange pool composed of Airbus and Boeing fleet parts. All materials will be certified by VSE Aviation's network of MROs and available for sale or exchange to AvAir's worldwide customer base. AvAir has more than 26 million in-stock parts available and works with its customers and suppliers to buy, sell, exchange, loan, lease or consign. This partnership enhances AvAir's strategic exchange pool to further meet customer demand. VSE Aviation is a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for components and engine accessories. Headquartered in South Florida, VSE Aviation provides parts and services for global commercial, business and general aviation, cargo, military, defense, and rotorcraft customers. "I'm proud that our teams were able to come together to create this agreement," said Steven Solly, Vice President of Sales at AvAir. "This collaboration between two of aviation's fastest-growing companies will bolster one of the largest global rotable exchange pools for the Boeing and Airbus fleets and we look forward to serving our customers in those markets." With this transaction, AvAir will add thousands of rotables, over various ATA chapters, where supply chain issues continue to be an issue for airlines across the globe. The entire stock will be added to AvAir's growing Dublin and Chandler facilities to support customers worldwide. "As we continue to expand our MRO offerings, partnering with AvAir and utilizing their exchange programs helps VSE Aviation reach a broader customer base across international markets," said Ben Thomas, President of VSE Aviation. AvAir is ISO 9001, AS9120 and ASA 100 certified, and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales and shipping. About AvAir Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs. AvAir has been named Parts Supplier of the Year for 2021, 2022, and 2023 by Airline Economics, the leading industry trade publication. It has also been recognized for its work in sustainability by The Aviation 100, AvAir received the Environmental Sustainability award. About VSE Aviation VSE is a leading provider of aftermarket distribution and repair services for air, land and sea transportation assets for government and commercial markets. Core services include MRO services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services.

Read More

Aviation Technology

Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox

Wheels Up | September 26, 2023

Wheels Up Experience (NYSE: UP) today announced that it has closed the previously announced investment by Delta Air Lines, Certares Management LLC, Knighthead Capital Management LLC and Cox Enterprises. The new investment structure combines the experience of Delta, the No. 1 premium airline, with the travel and tourism focus of Certares and turnaround and restructuring experience of Knighthead. It includes an agreement for a $500 million credit facility to Wheels Up, with funds contributed by Delta and CK Wheels LLC, which is co-managed by affiliates of Certares and Knighthead, and Cox. The announcement follows last week's selection of George Mattson as the company's new CEO. "This investment represents both an important source of capital for Wheels Up to support our strategy for financial stability, future profitability and long-term growth on behalf of our members and customers, as well as a vote of confidence in our path forward from a group of investors with deep experience in the premium travel space," Mattson said. "We look forward to working closely with Delta and our other investors to deliver best-in-class operating performance and an exceptional customer experience which, as we deepen our commercial partnership, will also enable us to provide a one-of-a-kind seamless connection between private and premium commercial travel." "Wheels Up is an integral part of Delta's portfolio of premium partners, and this deep relationship offers a significant opportunity to deliver compelling benefits to our customers that are unique in the travel space," said Dan Janki, Wheels Up Chairman and Delta's Chief Financial Officer. "This investment and new leadership puts Wheels Up on a strong path to future success." The credit facility is comprised of a $350 million term loan funded at closing from Delta, CK Wheels LLC and Cox and a $100 million revolving credit facility from Delta. The terms of the credit agreement permit a new lender to provide a $50 million term loan after the closing date, as approved by Delta, Certares, Knighthead and Cox, and it is anticipated this additional funding will close in the near term. In connection with the closing of the credit facility, the lenders will initially receive newly issued Wheels Up common stock representing 80% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. After approval by Wheels Up's stockholders of an amendment to its certificate of incorporation, the company will issue to the lenders additional new shares such that the lenders will own 95% of the company's outstanding equity as of the closing of the credit facility, on a fully diluted basis. Wheels Up also announced a new structure for its Board of Directors. Under the new structure, Delta Air Lines will appoint four directors, Certares and Knighthead each will appoint two directors, and Cox will appoint one director. In addition, one company executive will join the Board and two independent directors are expected to remain from the previous Board. The parties were assisted in the transaction by a number of strategic advisors, including: Davis Polk, Jefferies LLC, Kirkland & Ellis and PJT Partners. About Wheels Up Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest private aviation companies in the world. Wheels Up offers a complete global aviation solution with a large, modern, and diverse fleet, backed by an uncompromising commitment to safety and service. Customers can access membership programs, charter, aircraft management services and whole aircraft sales, as well as unique commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government, and civil organizations. Wheels Up is guided by the mission to connect private flyers to aircraft, and one another, through an open platform that seamlessly enables life's most important experiences. Powered by a global private aviation marketplace connecting its base of approximately 12,000 members and customers to a network of approximately 1,500 safety-vetted and verified private aircraft, Wheels Up is widening the aperture of private travel for millions of consumers globally. With the Wheels Up mobile app and website, members and customers have the digital convenience to search, book and fly.

Read More

Aviation Technology

Joby Subsidiary H2FLY Completes World’s First Piloted Flight of Liquid Hydrogen Powered Electric Aircraft

businesswire | September 14, 2023

H2FLY, a wholly-owned subsidiary of Joby Aviation, today announced the successful completion of the world’s first piloted flight of a liquid hydrogen-powered electric aircraft. H2FLY, acquired by Joby in 2021, continues to lead the industry on the development and testing of hydrogen aviation propulsion systems. The company completed a series of piloted flights with its HY4 demonstrator aircraft, including one that lasted more than three hours, fitted with a hydrogen-electric fuel cell propulsion system and liquid hydrogen that powered it for the entire flight. The flights demonstrate the viability of using cryogenically-stored liquid hydrogen instead of gaseous hydrogen, which enables significantly lower tank weights and volume, leading to longer range. The successful installation and demonstration of flight with liquid hydrogen is believed to increase the range of H2FLY’s HY4 demonstrator aircraft from 466 mi (750 km) to 932 mi (1500 km), marking a critical step towards the long-term decarbonization of mid- to long-range aviation. “H2FLY are pioneers in their field, and we’re proud of them achieving this watershed moment in the use of liquid hydrogen to power aircraft,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “In the years to come, battery-electric and hydrogen-electric propulsion systems will enable us to build aircraft that are quieter and make mid- to long-range air travel possible with zero emissions. It’s critical we take action now and invest aggressively in these technologies for the health of our planet and future generations to come.” The successful flights are the culmination of Project HEAVEN, a European-government-supported consortium assembled to demonstrate the feasibility of using liquid hydrogen in aircraft. The consortium is led by H2FLY and includes the partners Air Liquide, Pipistrel Vertical Solutions, the German Aerospace Center (DLR), EKPO Fuel Cell Technologies, and Fundación Ayesa. Following this test flight milestone, H2FLY will increasingly focus on its path to commercialization. In June, H2FLY announced the development of its new fuel cell systems, which will be capable of providing their full power range at altitudes high enough to enable commercial hydrogen-electric aircraft, demonstrating real-world commercial aircraft applications. About Joby Joby Aviation, Inc. is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.

Read More

Air Transport

Global Airlines agrees purchase of three more A380s and makes further senior appointments to Advisory Board

PRnewswire | July 03, 2023

Global Airlines, the world's newest long-haul airline, has announced that it has entered into an agreement to acquire a further three A380s. With the purchase of these aircraft, the airline's fleet development reaches a new milestone with four A380s now lined up for the start of operations in Spring 2024. The additional aircraft have been purchased for an undisclosed figure and the Global team is now developing plans for their refit and return to service. Further details about the aircraft, the acquisition and the refurbishment will be published in the coming months. Global Airlines has also announced further appointments to its Advisory Board; Pierre Madrange and Ian Black. Pierre Madrange is a former French Air Force fighter pilot who later held the position of Chief Operating Officer at XL Airways, Managing Director at SR Technics and is a former Vice President of NAVBLUE, an Airbus company. Pierre brings his extensive aviation knowledge to the new airline as well significant expertise in airline operations and P&L management as well as growing leadership functions. Ian Black is a highly experienced commercial and former military pilot. He has flown commercial operations across the Far East, Australasia, India, Dubai, and Europe. He worked for a major UK long haul airline for over 25 years as a senior captain on the Airbus/Boeing fleet. He has extensive experience in long-haul flying and cumulatively has flown 20,000 hours on A330/340-300/340-600 and Boeing 787 Dreamliner. At Global, Pierre and Ian will advise the Executive Team and work closely with the Founder and CEO, James Asquith, on airline operations management and airline digitalisation. James Asquith, Founder and CEO of Global Airlines, said, "We extend our warmest welcome to both Ian and Pierre to the Global Airlines' advisory board, where they will work closely with our team. It is a real testament to the progress we are making that we continue to appoint senior and experienced people to our Advisory Board. I believe we must have one of the most experienced teams of aviation professionals coming together to launch Global Airlines." "We are also delighted to announce that we have agreed the purchase of a further three A380s to join the Global fleet. As I've always said, the A380 is the best aircraft in the sky, and we will continue to look for further acquisition opportunities." Pierre Madrange said, "I'm really pleased to be joining the Global Airlines Advisory Board. James is putting together a great team and I want to use my unique aviation network as well as my experience in the industry to help the airline do something new and exciting. A product that passengers will not only want to fly, but also an airline that aviation professionals from around the world will want to work for." Ian Black said, "Aviation is in my blood and joining the Advisory Board was an opportunity too good to turn down. For any airline, safety is the number one priority and Global will be no different. That commitment to safety is driven by not just the flight crew and cabin crews but every team member of Global Airlines, having a robust and open flight safety culture from the get-go is paramount. Working closely with both James and Richard is a real privilege, to influence the foundations of what will certainly be the very best airline this decade is a once in a lifetime opportunity. Global Airlines plans to use its fleet of owned A380 aircraft to reinvigorate the flying experience, courtesy of the unrivaled spaciousness offered by the super jumbo. Global Airlines is now focused on working closely with the relevant authorities and partners in preparation for inaugural flights in the Spring of 2024. About Global Airlines Global Airlines was launched in 2023 with an aspiration to offer passengers the best way to fly. The airline is a wholly owned subsidiary of Holiday Swap and headquartered in London, United Kingdom. The airline is led by CEO James Asquith and backed by aviation experts and investors around the world. The airline has commenced an aircraft acquisition programme with one A380 secured and more to follow in the summer of 2023. The inaugural transatlantic flights are expected in the Spring of 2024.

Read More

Air Transport

VSE Aviation Partners with AvAir for Asset Management

PRnewswire | August 18, 2023

AvAir, an industry-leading inventory solutions provider for the aviation aftermarket has been selected by VSE Aviation to manage a large component exchange pool composed of Airbus and Boeing fleet parts. All materials will be certified by VSE Aviation's network of MROs and available for sale or exchange to AvAir's worldwide customer base. AvAir has more than 26 million in-stock parts available and works with its customers and suppliers to buy, sell, exchange, loan, lease or consign. This partnership enhances AvAir's strategic exchange pool to further meet customer demand. VSE Aviation is a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for components and engine accessories. Headquartered in South Florida, VSE Aviation provides parts and services for global commercial, business and general aviation, cargo, military, defense, and rotorcraft customers. "I'm proud that our teams were able to come together to create this agreement," said Steven Solly, Vice President of Sales at AvAir. "This collaboration between two of aviation's fastest-growing companies will bolster one of the largest global rotable exchange pools for the Boeing and Airbus fleets and we look forward to serving our customers in those markets." With this transaction, AvAir will add thousands of rotables, over various ATA chapters, where supply chain issues continue to be an issue for airlines across the globe. The entire stock will be added to AvAir's growing Dublin and Chandler facilities to support customers worldwide. "As we continue to expand our MRO offerings, partnering with AvAir and utilizing their exchange programs helps VSE Aviation reach a broader customer base across international markets," said Ben Thomas, President of VSE Aviation. AvAir is ISO 9001, AS9120 and ASA 100 certified, and adheres to the highest quality standards in all phases: purchasing, receiving, stocking, sales and shipping. About AvAir Founded in 2000, Arizona-based AvAir is a global leader in the aviation aftermarket, providing customized inventory solutions for airlines, OEMs, and MROs. AvAir has been named Parts Supplier of the Year for 2021, 2022, and 2023 by Airline Economics, the leading industry trade publication. It has also been recognized for its work in sustainability by The Aviation 100, AvAir received the Environmental Sustainability award. About VSE Aviation VSE is a leading provider of aftermarket distribution and repair services for air, land and sea transportation assets for government and commercial markets. Core services include MRO services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services.

Read More

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Cathay Pacific Orders New Aircraft

Cathay Pacific has committed to more aircraft as it looks to rebuild its broader operations after a very shaky couple of years. The deal is for Airbus aircraft and includes the A320neo family aircraft.

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