Business Aviation

Flapper Partners with magniX to Electrify Aviation in Latin America

flapper news
magniX, the company powering the electric aviation revolution, and Flapper, Latin America's leading on-demand air charter platform, today announced an agreement for Flapper to purchase up to 20 magni650 Electric Propulsion Units (EPUs) for the conversion of Cessna Caravans to electric aircraft, with an expected launch date of 2024.

Flapper currently uses Caravan aircraft for its scheduled service in the state of São Paulo, as well as cargo flights across Latin America. By partnering with magniX, the company aims to decrease operating costs, reduce carbon emissions and activate new routes abandoned by regional aviation years ago. In the 1960s, Brazil had more than 260 airports connected by scheduled flights, compared to only roughly 110 today.

"We are excited to partner with a company considered the leader in the electric aviation industry. Together, we will work towards promoting clean and cost-effective aviation in Latin America, with safety as our top priority."

- Paul Malicki, CEO of Flapper.

The propulsion technology offered by magniX has shown a proven capacity to power a range of different aircraft, including the world's most popular turbo-prop, the Cessna Grand Caravan. With high levels of reliability, unparalleled performance and operational practicality, magniX EPUs can work with multiple sources of energy, including batteries and fuel cells.

"Our agreement with Flapper paves the way for zero-emission passenger and cargo air transportation across Brazil and Latin America. Through the electrification of the Caravan planes, we are not only providing cleaner transportation, but opening up access to airports no longer in use due to noise from traditional aircraft. Together, our companies are ushering in the new age of electric flight across one of the world's most populated regions."

- Roei Ganzarski, CEO of magniX.

As a part of the agreement, Flapper will assist magniX with planning, reviewing, and coordinating all aspects of certification processes, according to the requirements of the local civil aviation authorities. This includes jointly orchestrating the project, providing technical advice and conducting flight tests to show compliance.

The Future is Green
Flapper has built a proprietary aircraft sourcing inventory and mobile marketplace technology and today counts 270,000 mobile app users and 800 safety-vetted aircraft registered in its fleet. It actively works with numerous Part 135 and Part 121 air carriers on commercializing their fleets under the Flapper-branded passenger experience, which includes full charters and by-the-seat flights. The company aims to neutralize its carbon emissions by 2025, and is actively working with companies, such as magniX, to reduce its carbon footprint. Although business aviation is responsible for just over 0.6% of all CO2 emissions, it is considered strategic in terms of the future application of new technologies focused on reducing carbon footprints.

About Flapper
Launched in 2016, Flapper is the first on-demand private aviation company in Latin America. Headquartered in Belo Horizonte, Brazil, and with local offices in key cities in Latin America, the company commercialized scheduled flights in Brazil and boasts more than 800 safety-vetted charter aircraft on its regional marketplace platform. Flapper reports more than 270,000 users of its mobile app and is both ARGUS- and Wyvern-certified. 

About magniX
Headquartered in Everett, WA, magniX is on a mission to lead the commercial aerospace and defense industries by providing high performance, reliable and environmentally friendly propulsion solutions. Developed with proprietary technology, magniX offers a range of revolutionary electric propulsion solutions, including motors and power electronics, which produce zero emissions at lower operating costs.

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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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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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Hanwha at WDS 2024: Pioneering Global Defense Capabilities and Partnerships for Vision 2030

PR Newswire | February 05, 2024

The defense affiliates of Hanwha Group, including Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean, will be participating in the World Defense Show 2024 (WDS 2024), held in Riyadh, Saudi Arabia from 4th to 8th Feb. With geopolitical crises increasing security demands in key Middle East regions, Hanwha Group is set to present defense capabilities on land, in the air, at sea and in space to protect customers from various threats. Under the slogan 'Opening the Future of Advanced Engine', Hanwha will explore long-term partnership with the Kingdom of Saudi Arabia, which has made localization of the defense sector a key objective in Vision 2030. Hanwha will present its advanced aircraft engines, AESA radars, and aviation electronics equipment at the exhibition's center, as well as unveil a roadmap for the development and production of next generation engines beginning in the 2030s, leveraging the manufacturing capabilities accumulated over the previous 40 years. Hanwha aims to fortify a partnership that not only meets customer's immediate defense needs, but also foster long-term resilience and innovation in the defense sector. The company is committed to integrating advanced defense technologies into the customer's needs. An official from Hanwha stated, "The collaboration aims to significantly contribute to the growth and modernization of the local defense industry, while also fostering a mutually beneficial relationship. Hanwha takes pride in our ongoing commitment to delivering deterrence solutions to key regions with urgent needs." Amid escalating tensions in the Middle East region, Hanwha will present the cutting-edge submarine KSS-III, offering unparalleled capabilities to mitigate emerging threats to maritime security. Also, the unmanned underwater vehicles and unmanned surface ships will deliver innovative defense solutions to navigate the diverse security challenges in the region. In the face of rapidly changing regional security landscape, Hanwha will present the K9A1 155mm Self-Propelled Howitzer (SPH) equipped with exportable engine, multipurpose Unmanned Ground Vehicle(UGV), Redback armored vehicle, TIGON 6x6 wheeled armored vehicle, Chunmoo Multi Rocket Launcher, M-SAM and various air defense systems, meeting regional needs with its diverse portfolio of Land Systems solutions. Hanwha will also exhibit hyper connected tactical solutions to sensor and neutralize aerial threats, including Synthetic Aperture Radar(SAR), Multi-Function Radar(MFR), and anti-drone systems. The company will also showcase advanced air defense solutions equipped on Korean Fighter Jet, ranging from Active Electronically Scanned Array(AESA) Radar to Infra-Red Search and Track, strengthening defense capabilities to detect threats across different domains. Hanwha has decades of experience designing, developing, testing successfully manufacturing modern defense solutions. The company is adopting a cooperative approach to support the localization of key products, a private cooperation aimed at expediting the achievement of the customer's objectives.

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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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