Aerospace

Eviation Announces EVIA AERO Order for 25 All-Electric Alice Aircraft

Eviation Announces EVIA AERO Order for 25 All-Electric Alice Aircraft
Eviation Aircraft, a manufacturer of all-electric aircraft, today announced that Germany-based EVIA AERO, which is developing a sustainable regional airline, has signed a Letter of Intent (LOI) for 25 all-electric commuter Alice aircraft. The airline intends to enter into service with Alice as its primary aircraft for point-to-point, sustainable regional travel within Germany, Denmark, Belgium, Austria and the Netherlands. The deal follows Eviation's historic first flight of the Eviation Alice on 27 September 2022. The Future is Electric: Carbon-Free, Cost-Effective, Convenient The Eviation Alice is a nine-passenger electric aircraft – the only flight-proven all-electric commuter aircraft of this size. Built from a clean-sheet design around magniX's industry-leading electric propulsion system, Alice produces zero carbon emissions and costs a fraction to operate per flight hour compared to light jets or high-end turboprops – thereby providing the opportunity to activate more routes, improving the convenience of air travel. EVIA AERO is a new market entrant, focused on developing the electric aviation ecosystem, from electricity generation to flight operations. EVIA AERO will generate electricity regionally through photovoltaic power plants, supporting the energy framework intended to make the widespread deployment of electric aircraft a reality. The business model is designed to significantly improve the carbon footprint of airport infrastructure, and re-energize less frequented routes, by enabling air travel that is scalable, sustainable and economically viable.

"Together with Eviation, a pioneer of electric flight, we will introduce a fleet of zero-emission aircraft that will transform the way we experience regional travel in Europe,We are deeply committed to holistically transforming the aviation industry by implementing a complete cycle of local energy generation, storage, and flight operations."

 Florian Kruse, Founder and CEO of EVIA AERO. 

As an early adopter of all-electric air travel and sustainable technologies, EVIA AERO shares Eviation's dedication to social responsibility, said Loic Questiaux, Sales Director, EMEA at Eviation. Eviation's Alice promises to transform commuting by air, across Europe. Not only green and clean, but elegantly designed, and providing a smoother, quieter in-flight experience, the Alice will offer EVIA AERO passengers a new way to fly. Alice is targeted at both commuter and cargo markets, and will typically operate flights ranging up to 250 nautical miles. Travel by electric aircraft will help to revitalize regional communities, create new job opportunities within the aviation industry, and enable secondary airports to prosper with additional commuter traffic and lower operating costs. The creation of an all-electric European commuter fleet of Alice aircraft will advance an economically, environmentally and socially sustainable future of flight,said Gregory Davis, President and CEO of Eviation.  "EVIA AERO further showcases the commitment of German-based companies to revolutionize air travel. Together we can enable a future where electric air travel is the standard for the next generation.

About Eviation Aircraft
Based in Washington State, U.S., Eviation Aircraft Inc. develops and manufactures electric aircraft to deliver a competitive and sustainable solution for the regional mobility of people and goods. Its innovative airframes, electric propulsion units, and advanced battery system are designed from the ground up for electric flight. Further information can be found at www.eviation.com.

About EVIA AERO
EVIA AERO, based in Germany, is developing a sustainable regional airline with designs to operate electric sustainable aircraft for the business traveler market segment. EVIA AERO intends to serve the entire value chain of sustainable aviation. EVIA AERO's objective is to strengthen the development of regional economies in Europe by enabling customers to travel in an affordable, time-efficient and sustainable way. Its fleet will connect European business regions. With a schedule devised to generate connectivity between cities several times a day, EVIA AERO will provide passengers with high reliability in flight connections.

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Aerospace, Defense and Space, Aviation Technology

Liberty Defense Announces First Sale of HEXWAVE to an International Airport in Asia Pacific

Newswire | January 22, 2024

Liberty Defense Holdings Ltd. a leading technology provider of Artificial Intelligence (AI) based next generation detection solutions for protecting secure locations against prohibited weapons and other threats, is pleased to announce that the HEXWAVE™ system will be deployed at an international airport in the Philippines. The sale was made by the Company's international distributor and deployment is scheduled for summer of 2024. The screening will be at the forecourt of the airport to screen people entering the terminal. Liberty's HEXWAVE product, a next generation, walkthrough, contactless threat detection system for concealed metallic and non-metallic objects, uses AI to provide automated decisions to security operators to process people at speed. The company started shipping HEXWAVE to customers in September 2023 and the backlog of systems has grown to over 30 systems. "We continue to see an increase in demand from airports on a global basis for enhanced screening at various checkpoints and entrances," said Bill Frain, CEO of Liberty Defense. "In addition to screening for aviation workers, airports are taking advantage of HEXWAVE's mobility and scanning individuals as they enter the terminal as part of an added and layered security approach." For updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.

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Commercial Aviation, Airport Management

Aviation Capital Group Announces Delivery of One A320neo to SAS

Business Wire | January 25, 2024

Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (“SAS”). Featuring CFM International LEAP-1A engines, this is the ninth of ten aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs. To learn more about the aircraft leasing and aircraft management services offered by ACG, visit www.aviationcapitalgroup.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

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Aerospace, Aviation Technology, Airport Management

Avelo Airlines' First International Service Takes Flight From Lansing Through Apple Vacations Partnership

PR Newswire | January 27, 2024

Avelo Airlines' first international service takes flight this weekend from Lansing's Capital Region International Airport (LAN) in partnership with Apple Vacations. The partnership's new scheduled public charter service will serve three international destinations from LAN. Avelo and Apple Vacations offer nonstop flights and vacation packages between LAN and three tropical international destinations: Cancun, Mexico; Montego Bay, Jamaica; and Punta Cana, Dominican Republic beginning tomorrow, Jan. 27 through April 3, 2024. Booking information and specific flight dates and times can be found at AppleVacations.com. Beginning Jan. 27: Lansing to Cancun International Airport (CUN) – three times weekly on Saturdays, Mondays, and Wednesdays Beginning Feb. 2: Lansing to Montego Bay's Sangster International Airport (MBJ) – one time weekly on Fridays Beginning Jan. 28: Lansing to Punta Cana International Airport (PUJ) – two times weekly on Sundays and Thursdays Avelo Airlines Chairman and CEO Andrew Levy said, "These three tropical destinations Avelo will operate for Apple Vacations from Lansing are the perfect debut of Avelo's international service. We look forward to offering the same reliable and friendly experience to Apple Vacations' Customers that we've been providing Avelo's Capital Region Customers since we took flight at LAN 15 months ago. Apple Vacations' selection of Avelo to operate their flights to these three popular destinations is a testament to positive reputation we've built in Michigan and across the country." Additionally, Avelo offers twice-weekly scheduled service between LAN and Orlando International Airport (MCO). Avelo is the only airline offering nonstop service between LAN and MCO. Nonstop service to Orlando can be booked at AveloAir.com. Since Avelo began service at LAN on October 26, 2022, the airline has flown over 30,000 Customers on nearly 300 flights. Avelo also leads LAN in reliability with a 100% completion factor, meaning there have been no Avelo cancellations at LAN since the airline inaugurated served there 15 months ago. Capital Region Airport Authority President and CEO Nicole Noll-Williams said, "We are thrilled that Apple Vacations is back at LAN for our 2024 international season. And we couldn't be more excited that Apple selected Avelo Airlines to operate these flights with their exceptional track record for reliable and friendly service. These nonstop flights to Mexico, the Dominican Republic, and Jamaica for 2024 are another reminder that LAN is a gateway to popular vacation destinations around the world – and it's not too late to book your trip!" America's Most Convenient Airline Avelo was founded to Inspire Travel by saving its Customers time and money. Since taking flight on April 28, 2021, Avelo has flown 4.2 million Customers on over 30,000 flights. Today, Avelo serves 43 destinations in 23 states and Puerto Rico. Along the way, Avelo has unlocked a new era of convenience, choice and competition by flying unserved routes to primarily underserved communities across the country. Every Avelo flight is nonstop, and at least one airport on every Avelo flight is a small, easy to use airport – making every Avelo journey easier and more enjoyable. Avelo is distinguished by its reliability. In 2023, Avelo achieved the lowest flight cancellation rate and the second-best on-time performance in the U.S. airline industry. Avelo Customers can always change or cancel their itineraries with no extra fees. Additionally, families can travel with ease knowing every child 13 and under will always be automatically seated with an accompanying adult at no additional cost. Additionally, Avelo offers advanced seat assignments for sale. One third of its seats are extra leg room seats, ranging from 32 inches to more than 36 inches, offering a more comfortable experience for Customers who value more space. In addition to advance seat assignments, Avelo offers several unbundled travel-enhancing options that give Customers the flexibility to pay only for what they value, including priority boarding, checked bags, carry-on overhead bags, and bringing a pet in the cabin.

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Business Aviation, Commercial Aviation, Aviation Technology

CDPQ and SMBC Aviation Capital partner to create USD 1.5 B aircraft financing platform

PR Newswire | January 30, 2024

CDPQ, a global investment group, and SMBC Aviation Capital, the world's second largest aircraft leasing company, announced today that they have finalized an agreement to create a USD 1.5-billion global aircraft financing and leasing platform dedicated to modern, fuel-efficient NextGen aircraft. This new platform will focus on worldwide opportunities in new technology aircraft and target an initial deployment of USD 500 million per year, over three years. SMBC Aviation Capital will source transactions and, under a sistership condition, invest in opportunities alongside the platform. SMBC Aviation Capital will also act as servicer of the platform, which will operate under the banner Maple Aircraft Company Holdings Limited. "Building on CDPQ's experience in the aircraft financing industry, through this new platform, we will continue to provide flexible financing solutions for airlines to meet their future fleet requirements," said Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ. "We're delighted to partner with SMBC Aviation Capital, an industry leader with a successful track record, who has demonstrated their commitment to sustainable aviation, to find the best opportunities in the commercial aircraft industry and to achieve attractive risk-adjusted returns over the long term." "We are pleased to partner with CDPQ on this new platform to benefit our airline customers worldwide," said Peter Barrett, Chief Executive Officer at SMBC Aviation Capital. "CDPQ is an experienced, well respected, global investment group, which is aligned with our own views on capital allocation and a sustainable aviation industry. We look forward to working with our new partners over the coming years on this collaboration."

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