Honeywell Forge Analytics Platform

Aviation Pros | March 19, 2020

Honeywell Forge provides business aviation customers with an easy-to-use, integrated dashboard that sends real-time alerts on connectivity issues and flight plan changes. With full visibility into their services, customers can use the platform to tap into data that helps flight departments troubleshoot and fix issues as soon as they arise. Based on these insights, Honeywell Forge can improve the passenger connectivity experience, help manage profitability and give flight departments a better understanding of their fleet.

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Members of the Virgin Galactic team explain why the continued exploration of space is so important to the future of mankind. We are creating a Spaceline for Earth with the goal of democratizing access to space for the benefit of life on earth.


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BUSINESS AVIATION

LeaseWorks Advances Novus Aviation Capital’s Digital Transformation

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 About LeaseWorks 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

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AIR TRANSPORT, BUSINESS AVIATION

Dominican Republic’s New Flagship Airline Arajet Takes Off

Arajet | September 20, 2022

Arajet, the Dominican Republic's new low-fare airline, officially launched operations in the Caribbean skies, leading the rebirth of the Dominican aviation with a powerful connecting hub in Santo Domingo. Arajet will build a robust route network of 22 destinations in 12 countries in the upcoming months, proudly carrying the Dominican flag, and providing a customer-oriented service across the continent.After two days of successful operations on September 15th and 16th with flights to Barranquilla and Cali in Colombia and to Aruba, Arajet marked its first official flight to San Salvador in El Salvador, in an event hosted by Mr. Luis Abinader, President of the Dominican Republic, and Mrs. Morena Valdez, Minister of Tourism of El Salvador. We celebrate the launch of Arajet as our newest national carrier. Our government will continue supporting Arajet and the overall aeronautical industry to assure its competitiveness and create an air hub that promotes tourism, trade and cultural exchange, and provides an opportunity for all Dominicans abroad to visit their country at affordable prices,” said President Abinader. "Low-Fare business model and designation as a national carrier for the Dominican Republic will attract more tourists, increase connectivity, and offer Dominicans the opportunity to travel at lower fares, aboard new aircraft with the highest standards of safety and distinctive warm Dominican customer service." Víctor Pacheco Méndez, CEO of Arajet We are excited to commence operations and provide Dominicans and all our guests with low fares, world class customer experience and a new growing network from and to Santo Domingo to major cities in The Americas,” expressed Mr. Pacheco. “Our mission is to build services for our guests by utilizing state-of-the art aircraft fleet with the latest technology, to strengthen and facilitate the country’s connection to the world, while promoting domestic tourism internationally. Arajet will continue expanding its operations later this month with the addition of routes to Saint Maarten in the Caribbean, Lima in Peru, Mexico City, Monterrey and Cancun in Mexico and Guatemala City in Guatemala. In October, Arajet will add Curaçao, San José in Costa Rica, Quito and Guayaquil in Ecuador, Medellín and Bogotá in Colombia as well as destinations in North America. From the perspective of the government of President Nayib Bukele, air connectivity is key to boost tourism, making it easier for travelers to move between countries and discover the wide range of options offered by El Salvador: from the permanent consistency of its surfing waves, its imposing volcanoes, and towns and cities with great historical value,” said Mrs. Morena Valdez, Minister of Tourism of El Salvador. In the next 5 years Arajet plans to transport more than 7 million passengers, generating more than 4,000 direct and close to 40,000 indirect jobs in the region. With Arajet’s launch our country will begin to feel the impact the airline will have in the Dominican Republic. Arajet will contribute to the growth of the tourism industry and attract more visitors from new destinations so we can continue reaching record numbers in tourist arrivals and diversify the nationality of our visitors with fair rates that connect Santo Domingo with the continent. We reaffirm our commitment, assumed jointly with the Tourism Cabinet led by President Abinader, to strengthen public policies related to the tourism and the aeronautical sector to promote its development, said Tourism Minister David Collado. Arajet has already received 5 of 8 direct leases of new Boeing 737 MAX aircraft, and has a direct order for 20 new Boeing 737 MAX. The carrier will continue to grow and invest in its fleet with 15 additional options to be delivered over the next 5 years. The 737 MAX family of airplanes is well suited to Arajet’s network with the 737-8 enabling profitable new routes and the 737-8-200 providing unrivalled efficiencies,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing. “The flexibility of the 737 MAX ensures Arajet can meet its goal of making flying more affordable and accessible across the Caribbean and beyond, with safe, sustainable and reliable service. Arajet enters the market as the newest Low-Cost Carrier in the region, strategically supported by experienced global aviation investors Bain Capital and Griffin Global Asset Management to consolidate as a world-class airline for the Dominican Republic and the Caribbean. “By working closely with our investors as well as with our strategic partner and leading global aerospace company Boeing, we are well-positioned for operational success and to provide Dominicans and international visitors with flights at affordable prices that connect the country with key destinations in the American continent and the Caribbean,” added Pacheco. Arajet’s ultra-quiet and fuel-efficient CFM LEAP-1B engines reduce noise pollution and allow the airline to save on operational costs that support low fares so everyone can fly and easily book at Arajet.com We have prepared for years to efficiently and conveniently connect the Dominican Republic with key international markets. We are assuming the responsibility of the rebirth of the Dominican aviation as the new national carrier with an experienced international team that will ensure our operations meet the highest safety standards and customer service for our guests, Mr. Pacheco concluded.

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DEFENSE AND SPACE

Aerospace Plastics Market Analysis By The Business Research Company

The Business Research Company | July 04, 2022

The aerospace plastics market consists of sales of aerospace plastics by entities that provide durability, chemical, and fire resistance required for aircraft parts and interiors. Aerospace plastics are long-lasting and require less maintenance than other materials. These are lightweight, provide the same strength as metals, do not rust, and are easy to fabricate. The global aerospace plastics market size is expected to grow from $0.67 billion in 2021 to $0.71 billion in 2022 at a compound annual growth rate of 4.7%. The global aerospace plastics market forecast sees it reaching $0.87 billion in 2026 at a CAGR of 5.4%. Aerospace Plastics Market Growth The increasing fleet size of commercial aircraft is significantly contributing to the growth of the aerospace plastics market. The aircraft fleet is known as the number of airplanes operated by the respective airline. Increasing fleet size requires new aircraft parts to be installed and the replacement of the old parts, thereby promoting the growth of aerospace plastics used in the manufacturing of aircraft parts. For instance, according to Boeing, a US-based aerospace company's commercial market outlook for 2021–2040, the global commercial fleet will exceed 49,000 airplanes by 2040. Therefore, the increasing fleet size of commercial aircraft is driving the aerospace plastics market. Aerospace Plastics Market Regional Analysis North America accounts for the largest aerospace plastics market share. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global aerospace plastic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Interested to know more about The Business Research Company? The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. The World's Most Comprehensive Database The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

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BUSINESS AVIATION

Canada Jetlines Provides Board Update

Canada Jetlines | August 29, 2022

Canada Jetlines Operations Ltd. the new, all-Canadian, leisure airline announces that Margaret (Peggy) Gilmour has resigned from the Board of Directors of Canada Jetlines. Ms. Gilmour’s resignation will facilitate the appointment of a nominee of Roosheila Group Inc. in connection with the closing of the loan transaction that was originally announced on August 22, 2022. The Board would like to thank Ms. Gilmour for her contributions to Canada Jetlines over the past year. About Canada Jetlines Canada Jetlines is a leisure focused air carrier, which will utilize a growing fleet of Airbus 320 aircraft to provide Canadians with value vacation choices and convenient travel options. Canada Jetlines will provide exciting vacation packages to iconic Canadian destinations and beyond via strong partnerships with airports, CVB’s, tourism entities, hotels, hospitality brands, and attractions. With a projected growth of 15 aircrafts by 2025, Canada Jetlines aims to offer the best-in-class operating economics, customer comfort and fly-by-wire technology, providing an elevated guest centric experience from the first touchpoint.

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Spotlight

Members of the Virgin Galactic team explain why the continued exploration of space is so important to the future of mankind. We are creating a Spaceline for Earth with the goal of democratizing access to space for the benefit of life on earth.

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