Constant Aviation | September 14, 2022
Constant Aviation today announced that it has added to its nationwide AOG (Aircraft on Ground) mobile response network with a new Philadelphia-based group that will focus on servicing southeastern Pennsylvania and southern New Jersey. It is the second new location announced this year after the new station in Salt Lake City. Constant Aviation now operates 28 AOG teams nationally, up by more than 30 percent from the 21 teams in 2020.
“In my 25 years in the private aviation industry, this continues to be one of the most robust periods we have seen and that has generated record demand for our services,The increase in AOG service locations is intended to help meet current demand, but mobile AOG services have proven sustainable in all market conditions as aircraft always need on-demand service at the hundreds of smaller airports that lack substantial maintenance capabilities.”
David H. Davies, Constant Aviation’s Chief Executive Officer
Davies said that Constant Aviation is bolstering its capabilities by expanding hiring, not only in its newest locations – Philadelphia and Salt Lake City – but also in such high-demand areas as California, Texas, Florida, the Chicago and Scottsdale metro areas and the greater Northeastern U.S. “We’ve always said our most important asset is our workforce of trained, talented technicians, and that has never been more true than during the current surge in business,” said Davies. “We’re looking to expand our team by recruiting new technicians through a range of channels, and offering not only opportunity but also the most competitive compensation and the best working conditions in the industry.”
Constant Aviation Steps Up Technician Recruitment Efforts
Constant Aviation recently enhanced its Maintenance Technician Apprenticeship Program, which enables applicants without military or college training to participate in a two-year aviation services program and earn the FAA Airframe Certification, a first step in a career in aviation services. Program participants learn by performing technical tasks alongside veteran technicians and participate in classroom and lab work all while earning a steady income. Constant Aviation covers the cost of all training and certification testing for the program.In addition to the apprenticeship program, the company is recruiting established technicians by offering a $15,000 signing bonus for military veteran candidates, a $2,000 signing bonus for other successful technical position candidates and grants of up to $8,000 to successful aircraft-on-ground (AOG) technician candidates following the completion of their first year with the company. Constant Aviation also boosted recruitment and retention by increasing pay to all technicians by 10 percent, offering tuition reimbursements and increased paid time off and expanding career-enhancing training opportunities, with training engagements up 150 percent.
AOG a Critical Part of Aircraft Maintenance Services
Constant Aviation’s 28 AOG mobile teams now support 86 aircraft models from 14 manufacturers, and each AOG vehicle is fully equipped and supplemented with expanded tooling strategically placed around the country, so aircraft can be serviced wherever they are located, whether in a hangar, at an FBO or on a ramp. In addition to its nationwide network of mobile technicians, Constant Aviation operates full-service aircraft maintenance facilities at Cleveland Hopkins International Airport (ICAO: KCLE) and Orlando Sanford International Airport (ICAO: KSFB) that provide airframe and engine maintenance, major repairs, avionics, interiors and painting.
About Constant Aviation
Constant Aviation specializes in aircraft and engine maintenance, major repairs, avionics, interiors and paint. In addition, it offers mobile response services through its AOG division, and accessory and composite services through its Nextant Aerospace division. With more than 15 years of expertise in a comprehensive array of business jet airframes, Constant Aviation has raised the bar in aircraft maintenance expectations by focusing on quality, always. Constant Aviation is the official aircraft maintenance and AOG support of the NHRA and the title sponsor of the NHRA Factory Stock Showdown class.
DEFENSE AND SPACE
Sandhills Global | July 07, 2022
According to the latest Sandhills Global market reports covering the aviation industry, values for piston single, turboprop, and jet aircraft may have peaked this May. All aviation categories displayed month-to-month value decreases from May to June, and with the aviation market showing signs that values might continue their drop in the near future, sellers could need to adjust asking values going forward based on the available inventory. The market reports show that rising inventory levels are a major contributor to decreasing aviation values, and this June marked the fourth consecutive month of inventory expansion across all categories.
Sandhills' aviation products include Controller, Controller EMEA, Executive Controller, Charter Hub, Aviation Trader, Aircraft Cost Calculator, and AircraftEvaluator. AircraftEvaluator is Sandhills' proprietary asset valuation tool for all types of aircraft, built using the same technology behind FleetEvaluator. Widely used and trusted across equipment, truck, and trailer industries, FleetEvaluator identifies asset values with unparalleled accuracy.
The key metric used in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions.
This report includes detailed analysis of asking values and inventory trends in the worldwide used aircraft market along with charts that help readers visualize the data. It describes and quantifies important trends in the buying and selling of used piston single, turboprop, and jet aircraft.
U.S. and Canada Used Piston Single Aircraft
With the 21% M/M inventory increase in June, used piston single aircraft inventory has now increased each of the last five months. Inventory levels were up 15% year-over-year.
The Sandhills EVI shows asking values decreased 1.4% M/M; on a YOY basis, values are up 22% from June 2021.
U.S. and Canada Used Turboprop Aircraft
In the turboprop category, the Sandhills EVI showed an 8.5% M/M inventory increase, a gain nearly identical to the category's 8-percentage-point increase from April to May.
Despite inventory increasing for the fourth consecutive month, turboprop inventory levels were still down 52% YOY.
Asking values for turboprops were down 1% M/M; but when compared to June 2021, values are up 32% YOY.
Global Used Jet Aircraft
Although used jet inventory increased for the fifth consecutive month, jumping 15.3% from May to June, inventory levels across the globe are down 34% YOY.
The Sandhills EVI shows asking values decreased 3.1% M/M with asking values this June coming in at $12.7 million. When compared to one year prior, jet aircraft values are up 27%.
About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the aviation, construction, agriculture, and commercial trucking industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.
About the Sandhills Equipment Value Index
The Sandhills Equipment Value Index is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, commercial trucking, and aviation industries represented by Sandhills Global marketplaces, including Controller.com, AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator and AircraftEvaluator, Sandhills' proprietary asset valuation tools, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.
Novus Aviation Capital | September 21, 2022
LeaseWorks, a leading provider of cloud-based solutions and services to the aviation industry, announced during the ISTAT EMEA conference that Novus Aviation Capital deployed the company’s Aeris Asset software to support the day-to-day management of the Dubai-based lessor’s global leasing operations.With a focus on enhancing the leasing platform’s agility and innovation, the Novus team sought out asset management software that would be fully customizable, providing finance, technical, contracts and marketing departments with one true source of information about their aircraft.
“We are thrilled to expand our relationship with Novus and enhance the platform’s competitive advantage by providing a single source of truth for managing, trading and marketing assets,”
Haseem Vazhayil, CEO, LeaseWorks.
The Novus team leverages Aeris Asset’s robust capabilities to:
Customize Tech Spec and Lease Summary dashboards for use by Technical;
Generate on-demand reports for management;
Automate the flow of asset and lease information from Deal Management into Lease Management, eliminating redundant data entry; and
Integrate ongoing software improvements via quarterly product releases.
Mamoun Kuzbari, Novus’ Chief Commercial Officer, explains that owing to the ease of use and wide-ranging functions of Aeris Asset, our team was able to accelerate the digital transformation initiative effort and streamline the decision-making process across the technical, contracts, finance and commercial teams. We built the Aeris Asset solution with lessors’ unique needs in mind, ensuring that the software provides a simple and intuitive interface and a flexible framework that enable team members to perform complete customizations, with little or no external support adds Vazhayil.
Aeris Asset provides lessors’ teams with the ability to:
Better manage asset and lease data;
Automate Business Intelligence reporting;
Customize Tech Spec and Lease Summary dashboards;
Integrate enhancements via quarterly product releases; and
Integrate seamlessly with Aeris Match to feed data from deals to lease management and vice-versa, providing real-time access to information for decision-making
LeaseWorks® provides cloud-based products and services to the aviation leasing community, with solutions for both lessors and airlines. Aeris MATCH™ helps lessors more quickly and effectively deploy their aviation assets with airlines around the globe. Aeris ASSET™ allows both lessors and airlines to manage the intricate details of aviation leases. These are the first two of a suite of products that will constitute a full-life-cycle portal for managing leased aviation assets. www.lease-works.com
About Novus Aviation Capital
Established in 1994, Novus Aviation Capital (“Novus”) is an independent, privately held aircraft leasing platform, focused on investing in commercial aircraft assets. The Novus team operates out of its four global offices in the Middle East, Europe, and Asia and is active in operating and financing leases, mezzanine and, junior debt as well as third-party aircraft remarketing, servicing and, advisory services
Evolv Technology | August 16, 2022
Evolv Technology, the global leader in AI-based weapons detection security screening, recently surveyed security professionals at Evolv’s customers’ organizations on the topic of transparency and sensitive security information and reports that 96% of the two dozen respondents believe that such information should not be made available to the general public.The need to provide transparency without helping potential attackers is a fundamental paradox of the security industry. While aviation security has clear specifications classified by the Transportation Security Administration in the US and European Civil Aviation Conference in the EU, other venues for which advanced security screening is being used have not yet formalized set standards around transparency.
Evolv is working to set that standard. The company discloses sensitive information only to trusted security partners to prevent the exposure of potential vulnerabilities and compromising customers’ security plans. The Company recently underwent NCS⁴’s operational exercise with its Express® system and earned an overall composite score of 2.84 out of 3 and chose not to make the full report public as part of the Evolv transparency statement. It is a position agreed to by leading security experts as methods of advanced screening continue to be used in more venues around the world.The less that is shared with the general public the better chance we all have at someone not finding a weak point in any security posture,” said one of the survey respondents.
People who say that absolute transparency is best simply don't understand the security business,” said John Pistole, former administrator of the United States TSA and a former deputy director of the Federal Bureau of Investigation. “They apparently don't have an informed perspective or insight into just how determined bad actors are in their efforts to harm individuals, countries, and companies.Security professionals do not want anyone to release information that helps attackers defeat their systems,” said Randy Smith, western region director, Security Detection. “Fans, students, concertgoers, and healthcare workers have a right to their safety. To release sensitive security information is irresponsible and potentially life threatening.
“Similar to cybersecurity and counterterrorism, protecting the methods and means, and sharing them only with trusted security partners is critical to preventing the exposure of potential vulnerabilities. All systems have weaknesses. In aviation, it's illegal for the people who know all the details to share them publicly, Mike Ellenbogen, cofounder and chief innovation officer at Evolv. “Established security experts understand the basic requirement to keep detailed sensitive information away from anybody who might use the information to exploit or attempt to penetrate a physical security system, and that includes the general public. Those who are saying otherwise truly do not understand the industry and are putting the public at risk. Evolv’s mission is to make everywhere safer. Public disclosure of sensitive security information objectively makes people less safe.”
Mike Ellenbogen, cofounder and chief innovation officer at Evolv.
About Evolv Technology
Evolv Technology (NASDAQ: EVLV) is transforming human security to make a safer, faster, and better experience for the world’s most iconic venues and companies as well as schools, hospitals, and public spaces, using industry leading artificial intelligence (AI)-powered weapons detection and analytics. Its mission is to transform security to create a safer world to work, learn, and play. Evolv has digitally transformed the gateways in places where people gather by enabling seamless integration combined with powerful analytics and insights. Evolv’s advanced systems have scanned more than 250 million people, second only to the Department of Homeland Security’s Transportation Security Administration (TSA) in the United States. Evolv has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT) as well as the Security Industry Association (SIA) New Products and Solutions (NPS) Award in the Law Enforcement/Public Safety/Guarding Systems category. Evolv Technology, Evolv Express®, Evolv Insights™, and Evolv Cortex AI™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions.