Modern Aviation | September 26, 2022
Modern Aviation announced today that it has closed the acquisition of the FBO assets and operations at Des Moines International Airport from Elliott Aviation, bringing its total number of locations to thirteen.Modern's new FBO in Des Moines operates on a 17-acre leasehold and offers state of the art facilities and amenities such as conference rooms and workstations, sleep rooms, crew cars and comfortable lounge areas with approximately 145,000 square feet of heated hangar space and 20,000 square feet of office space. Elliott will continue to operate a maintenance, repair, and overhaul business on the airfield.
"We are very excited about our new operation in Des Moines, which provides our customers access to our services for the first time in the Midwest. Elliott Aviation has a long history of providing outstanding customer service to its customers through its highly experienced and long tenured employees, all of whom have joined Modern. I would like to extend a warm welcome to the Modern Aviation family to our new teammates and customers. We also look forward to partnering with the Des Moines Airport Authority to continue to grow DSM and benefit the local community."
Mark Carmen, Modern Aviation's CEO
Greg Sahr, President and CEO of Elliott Aviation, stated, Divesting our Des Moines FBO business to a great partner in Modern Aviation is a win-win for Elliott Aviation, our employees, Modern Aviation, and the Des Moines community. While our FBO employees will continue to provide exceptional service at the DSM location under the Modern umbrella, this divestiture will allow Elliott to focus our efforts and investment on growing our MRO business across our geographic footprint. In addition to Des Moines, Iowa (DSM), Modern Aviation operates at Wilmington, North Carolina (ILM), Seattle, Washington (BFI), Denver, Colorado (APA), San Juan, Puerto Rico (SIG), LaGuardia Airport, NY (LGA), John F. Kennedy Airport, NY (JFK), Long Island MacArthur Airport, NY (ISP), Republic Airport, NY (FRG), Francis S. Gabreski Airport, NY (FOK), Sacramento Executive Airport (SAC), Sacramento International Airport (SMF) and Sacramento Mather Airport (MHR).
About MODERN AVIATION
Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation's strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality and industry-leading safety. Modern Aviation is backed by the growth-oriented infrastructure private equity fund, Tiger Infrastructure Partners. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.
Air & Space Forces Association | December 05, 2022
History will be made today with the unveiling of the B-21 Raider, America's first new bomber aircraft in more than 30 years. The new bomber the world's first sixth-generation aircraft will be the world's most advanced long-range attack aircraft, capable of reaching any place on Earth on short notice, and of penetrating even the most advanced integrated air defenses.The B-21 has been designed and built to Air Force requirements by Northrop Grumman, and will be the Air Force's first new combat aircraft since 2016, and only the fourth new manned combat aircraft in the past 32 years. Among U.S. allies, only the United States possesses bomber aircraft. Yet existing bombers are, on average, more than 60 years old. Modernizing the bomber force has been a long time U.S. Defense Department and U.S. Air Force priority. The B-21 brings a generational leap in technology, capability, and advanced next-generation stealth to strengthen both nuclear and conventional deterrence—and to fight, and win, if necessary, said AFA Executive Vice President Maj. Gen. Doug Raaberg, USAF (Ret.).In order to deter potential adversaries from risking war, you have to be able to pose a credible threat in response," said Raaberg, who commanded the nation's only B-2 stealth bomber wing when it spearheaded the air campaign for Operation Iraqi Freedom in 2003. "The B-21 is central to our continued ability to deter war because it possesses the ability to penetrate deep into any territory on the globe. As someone who has deployed long-range strike capabilities, I can say with confidence that this aircraft will become the essential backbone of U.S. national security strategy. Its ability to get in, stay in, and kill targets—to hold targets at risk—is how we deter potential adversaries from taking the chance of war with the United States and our allies. The B-21 Raider is set to roll out of Northrop's Plant 42 in Palmdale, Calif., on Dec. 2, where it will begin the initial testing process. Its first flight is forecast for mid-2023.
Embraer | November 15, 2022
The Brazilian National Bank for Economic and Social Development (BNDES) approved financing to Embraer S.A. (B3: EMBR3, NYSE: ERJ) for producing and exporting commercial aircraft manufactured by the company. The operation, in the order of R$ 2.2 billion (US$ 400 million), will be carried out through the BNDES Exim Pre-shipment, a direct bank credit line to produce national goods destined for export. BNDES operation reinforces the US$ 650 million revolving credit funding recently announced by Embraer with a foreign financial institutions group. The financing consummation is subject, among others, to the fulfillment of previous conditions established by BNDES and the execution of the respective contract.
"Credit operations are important for the resumption of aircraft production by Embraer at pre-Covid-19 pandemic levels and reinforce the strategic partnership between BNDES and Embraer started in 1997, consolidating BNDES support to the aeronautical industry and the export of Brazilian aircraft,"
Bruno Aranha, director of BNDES.
"The longevity of the partnership between Embraer and BNDES illustrates the strength of this relationship that stimulates Brazilian exports and benefits society. Together with other actions that we are carrying out with Brazilian and international financial institutions, this operation reinforces our credibility for access to financial resources that will contribute to executing our growth plan," said Antonio Carlos Garcia, CFO of Embraer. The aviation sector is considered strategic due to the high technology involved, the employment of qualified labor, and the ability to generate innovations with positive impacts on the country's economy, in addition to being a relevant industry for guaranteeing national sovereignty through Defense products. Brazil is a country that can design, manufacture, and export Commercial, Executive, Defense, and Agricultural aircraft worldwide. Since 1997, when BNDES began to support Embraer, the bank has financed approximately US$ 25 billion in exports of the company's aircraft, enabling the export of more than 1,275 units to airlines around the world. During the period, the contracted operations enabled the Brazilian manufacturer to compete in the foreign market on equal terms with its competitors.
Founded in 1952 and currently linked to the Ministry of the Economy, BNDES is the main instrument used by Brazil's Federal Government to promote long-term investments in the Brazilian economy. Its actions focus on socio-environmental and economic impacts in Brazil. The bank offers special conditions for micro, small, and medium-sized enterprises, as well as social investment credit lines for education and healthcare, family agriculture, basic sanitation, and urban transport. In crisis situations, the bank acts in an anticyclical manner and assists in formulating solutions for the resumption of economic growth.
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing after-sales service and support to customers.
Garmin International | October 18, 2022
Garmin International, Inc., a unit of Garmin Ltd., today announced Supplemental Type Certification (STC) by the Federal Aviation Administration (FAA) for the GI 275 electronic flight instrument in the Dassault Falcon 7X business jet.As a replacement for the original secondary flight display (SFD), the primary GI 275 will integrate with the aircraft’s existing systems to be configured as an attitude-direction indicator (ADI) with synthetic vision technology (SVT™). Adding a second GI 275 to the copilot’s side will reduce the flight crew’s workload by providing multifunction display (MFD) capabilities.
“We are delighted to collaborate with Dassault Aviation and bring the GI 275 to the Falcon cockpit,The popular GI 275 redefines the capabilities of a standby flight display, and we’re excited that almost 300 aircraft in the Falcon line globally will now have the opportunity to be retrofitted with this integrated and intuitive solution.”
Carl Wolf, Garmin vice president of aviation sales and marketing
Standby flight display
Configured as an ADI, the primary GI 275 will display the Falcon’s flight path, in addition to attitude, heading, altitude, airspeed and vertical speed. Localizer, ILS and VOR approach cues will also be displayed. SVT overlays a rich, 3D topographic view of terrain, traffic, obstacles, airport signposts and more. The GI 275 flight instruments will integrate with the existing flight control, inertial navigation, air data and flight management systems offering more redundancy and options than the previous SFD. Backup GPS information can still be displayed on the MFD moving map in the event of a sensor failure.
Adding a second display
When configured as an MFD, the copilot’s GI 275 will serve multiple roles. Available pages include a dedicated course deviation indicator (CDI), horizontal situation indicator (HSI) and HSI with a moving map. Within the MFD configuration, the moving map can display terrain, obstacles, traffic, airspace information, airways and more. SafeTaxi® airport diagrams display runways, taxiways, fixed based operators (FBOs) and more relative to the aircraft’s location on the airport surface. The GI 275 also allows the crew to select airports and other points of interest on the map to see airspaces with ceilings and floors, frequencies, and airport hot spots with ease.
Transferring flight plan information from the Flight Management System (FMS) to an Electronic Flight Bag (EFB) is easier with the GI 275 thanks to its Bluetooth® functionality. The GI 275 can be easily connected via internal Bluetooth to provide unidirectional flight plan transfer from the FMS to Garmin Pilot™. Garmin Connext® and Database Concierge1 allow the GI 275 navigation databases to be loaded remotely via the internal 2.4Ghz Wi-Fi® from a tablet or smartphone. The GI 275 in Dassault Falcon 7X is available immediately and can be installed at several of the Dassault MROs around the United States. Downtimes for installation of the GI 275 are approximately one week as the installation is minimally invasive to the instrument panel. More Falcon models from Dassault Aviation and variants are expected to be added in the coming months. Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Recipient of the prestigious Robert J. Collier Trophy for Garmin Autoland, Garmin developed the world’s first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention. For more information, visit Garmin's virtual Newsroom, email our press team, connect with @garminaviation on social media, or follow our adventures at garmin.com/blog.
About Garmin International, Inc.
Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, SafeTaxi and Connext are registered trademarks and SVT and Garmin Pilot are trademarks of Garmin Ltd. or its subsidiaries. The Bluetooth word mark and logos are registered trademarks owned by Bluetooth SIG, Inc. and any use of such marks by Garmin is under license. Wi-Fi is a registered trademark of the Wi-Fi Alliance.All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.