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.
Artemis Aerospace Ltd | November 17, 2022
Recycling aircraft parts isn't a new concept in the aviation industry and, for many years, refurbishing parts to fit on other aircraft or repurposing them to produce different products, such as circuit boards, has been the industry standard. In fact, according to AFRA (Aircraft Fleet Recycling Association), it is estimated that around 80% to 85% of aircraft parts are recycled when an aircraft reaches retirement. However, new and alternative ideas for reusing aircraft parts are becoming more commonplace.
Airbus and Lufthansa are among some of the companies breathing new life into aircraft parts by creating designer furniture and homeware collections for modern living. The project called A Piece of Sky, which was supported by Airbus and its Airbus BizLab initiative, was the first to start transforming the manufacturer's parts into furniture. These include armchairs, coffee tables and lamps created from things such as cabin windows and test flight storage data modules. They have also created Airbus branded surfboards out of recycled carbon. In October 2020, Lufthansa launched its Upcycling Collection 2.0 – a range of homeware products made from retired aircraft parts. The collection features furniture, sculptures and accessories built with parts from a decommissioned A320. Key products include a flying coffee table created from landing flaps and a wall bar formed from an aeroplane window mounted onto a wooden box.
Aviation themed accommodation
Ideal for aviation enthusiasts or those looking for something a little bit different during a flight stopover, Jumbostay's converted Boeing 747, located at Arlanda Airport in Stockholm, offers the chance to sleep in a jet without leaving the ground. Providing accommodation and breakfast, the unique hotel offers a range of rooms, from suites with private showers to dormitories for up to four people. The Cockpit Suite even includes a fully preserved flight deck featuring all the original instruments, so you can play pilot to your heart's content!
Christmas tree ornaments
Whether you're a committed aviation enthusiast or simply fancy something a little bit different, then how about using surplus engine parts and accessories to add an effective and interesting festive flourish to your Christmas tree? From washers, fasteners and rivets to hinges, grommets and seals, parts can be repurposed quickly and easily by simply adding some ribbon or coloured string.
Strike a pose on a private jet 'selfie set'
Ever wanted to fly by private jet? It might not be quite the same thing, but for a little bit of light-hearted fun, take a trip to the Selfie Factory at the O2 in London, where you can spend the day make-believing you are living the good life.
Comprising a variety of sets, including the interior of a private jet, the Selfie Factory allows guests to take as many photos as they like and even offers a changing area so you can don a different outfit each time.
Raise a glass at your very own custom-built bar that's been crafted out of upcycled aircraft fuselage. Created by SkyPod, bars are available in a wide range of colours, finishes and worktop options. All bars come complete with frosted or unfrosted windows, remote control RGB LED lights and a certificate of the plane number and its history. Cheers!
Southern Company | December 15, 2022
Southern Company's Aerial Services and Mississippi State University's Raspet Flight Research Lab recently reached a milestone on a joint research project that will help expand Southern Company's use of unmanned aircraft systems (UAS) to map critical infrastructure, assess weather-related damage and conduct routine utility inspections. At a proof-of-concept demonstration in Bay Minette, Ala., the team showcased the capabilities of a large UAS with integrated sensors to gather data that will contribute to the research project, flying 28 miles of transmission assets that included approximately 400 structures. The team also used a helicopter with a high-resolution camera to capture footage and evaluate its sensor technology and to look at potentially transferring the technology to the large drone in the future.
"This research work is a game-changer, The data and knowledge we gain through this partnership will help improve safety and reliability, reduce costs and enable us to respond quicker should incidents in our system occur."
Mississippi Power President and CEO Anthony Wilson, who chairs the Mississippi State University Foundation.
The collaboration between Southern Company and MSU will enable the use of larger, more sophisticated drones in pursuing beyond visual line of sight (BVLOS) operations approval from the Federal Aviation Administration (FAA) for the Southern Company system's inspection and mapping efforts. We are proud of the continued research partnership with Southern Company," said MSU Vice President for Research and Economic Development Julie Jordan. "Through investment in this technology, Southern Company is leading the way for broadscale industry adoption. This flight operation and remote sensing research illustrates the profound safety benefits UAS offer to the utility industry and supports not only Southern Company but the industries and citizens that rely on their services. Next steps for the team are to determine on-board sensor systems that would enable drones to detect and avoid other aircrafts in surrounding airspace and enhance capabilities for communicating with drones from further distance. Waiver enables remote inspection and mapping Southern Company's UAS team also recently announced that the FAA has granted Southern Company approval to remotely launch and operate drones at Alabama Power's Plant Barry.
The waiver, the first of its kind obtained by the company, allows advanced BVLOS operations. Operators will use drones to map and inspect stacks, transmission lines and basins at Plant Barry. Compared to traditional manual inspection methods, remotely operated dock-based drones will help perform safer, more efficient recurring inspections of critical infrastructure.
About Southern Company
Southern Company is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet our customers' and communities' needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into social, economic, financial and environmental progress for tomorrow. Our corporate culture and hiring practices have been recognized nationally by Forbes, The Military Times, DiversityInc, Black Enterprise, Fortune and the Human Rights Campaign.
United Airlines | December 01, 2022
United Airlines today announced a strategic equity investment in Natron Energy, a battery manufacturer whose sodium-ion batteries have the potential to help United electrify its airport ground equipment like pushback tractors and operations at the gate. United has made substantial investments in companies developing technology to reduce aircraft emissions, but Natron is the first that has the potential to reduce the greenhouse gas footprint from United's ground operations. United Airlines Ventures was created to identify companies spearheading the next generation of innovative and emissions-reducing technology,Out of the gate, we primarily focused on technology designed to help reduce carbon emissions from our airplanes. Natron's cutting-edge sodium-ion batteries presented an ideal opportunity to both potentially expand our sustainability investment portfolio to our ground operations, and to help make our airport operations more resilient. United is looking forward to future opportunities to work with our airport partners on sustainable technology initiatives. Michael Leskinen, President of United Airline Ventures.
United has more than 12,000 pieces of motorized ground equipment across its operations, of which about one third are currently electric. Natron's batteries could potentially be deployed in support of a number of uses, including:
Charging electric ground equipment
Charging anticipated future electric aircraft such as electric air taxis
Allowing airport operations to manage electricity demand
Greatly improving resiliency related to inclement weather
"Natron's sodium-ion batteries will help the aviation industry achieve its decarbonization and EV goals,Our batteries provide the high power over short distances that ground service equipment needs, and unlike lithium-ion, Natron's batteries are completely nonflammable and can be safely deployed into ground service operations."
Colin Wessells, CEO of Natron Energy.
The sodium-ion batteries contain several features that distinguish them from existing battery technology. In addition to better output and cycle life than their lithium counterparts, testing performed by an independent testing service has shown these batteries to be nonflammable, a critical safeguard for the high usage and power that would be required for certain operations. The minerals used in sodium-ion batteries are abundant worldwide and are easily sourced, unlike lithium which is in short supply with demand expected to triple by 2025. Natron plans to use the funds to accelerate production at its manufacturing facility in Holland, Michigan, where it will scale operations to begin mass production of UL-listed sodium-ion batteries in 2023. Launched in 2021, UAV is a first-of-its-kind sustainability-focused ventures fund that targets startups, upcoming technologies, and concepts that will complement United's goal of net zero emissions by 2050 – without relying on traditional carbon offsets such as planting trees. UAV's portfolio now includes SAF producers and other technologies including carbon utilization, hydrogen-electric engines, electric regional aircraft, and urban air mobility.
United's shared purpose is "Connecting People. Uniting the World." From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers. United is bringing back our customers' favorite destinations and adding new ones on its way to becoming the world's best airline. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol "UAL". For further information about our environmental impact, review United's Corporate Responsibility Report and Annual Report on Form 10-K, available at crreport.united.com and ir.united.com.