Boom Supersonic | September 13, 2022
Boom Supersonic, the company building the world's fastest airliner, optimized for speed, safety, and sustainability, today announced its plans for the second annual Net Good Summit, an invitation-only event dedicated to shaping a more sustainable future for the travel industry. The second annual Net Good Summit will take place October 23-25, 2022 in Del Mar, California. Boom Supersonic convened the inaugural Net Good Summit in November 2021 and hosted sustainability thought leaders and senior executives from American Express, Amazon Air, Climeworks, IWC Schaffhausen, HMMH, Shell Aviation, Oklo, Global Sustainable Tourism Council, U.S. Travel Association, Boston Consulting Group, and more. This October's Net Good Summit will focus on three themes critical to creating systemic change in sustainable travel: enabling the exponential growth of sustainable technologies, integrating sustainability across the travel journey, and engaging and educating the traveler. Among the program speakers already announced are Michael Shellenberger, President, Environmental Progress; Stephanie M. Jones, Founder & CEO, Cultural Heritage Economic Alliance, Inc. and Founder, National Blacks in Travel & Tourism Collaborative; and Steven Davis, Head of Climate Science, Watershed and Professor of Earth System Science at University of California-Irvine. Additional speakers and panelists will be announced as the event programming is finalized.
"For travel to remain a net good for society, it must also be sustainable,. We're proud to host the 2022 Net Good Summit, bringing together a dynamic group of thought leaders, sustainability experts and industry leaders to further the sustainable future of travel."
Kathy Savitt, President and Chief Business Officer of Boom Supersonic
The Net Good Summit is the annual symposium for the Sustainable Travel Forum, which Boom launched late last year to propel learnings from the Summit into solutions. Members of the Sustainable Travel Forum include Amazon Air, Archer Aviation, American Express, American Express Global Business Travel, IDEO, Japan Airlines, Prometheus Fuels, Shell Aviation, South African Tourism, Tourism Australia, U.S. Travel Association, United Airlines, Visit Britain, and Volta Charging. A commitment to speed, safety and sustainability has been at the core of Boom's philosophy since the company's founding in 2014. Overture, the company's supersonic airliner, will be the first commercial airliner program to be net-zero carbon from day one, optimized to run on 100% sustainable aviation fuel (SAF). In May 2022, Boom released its first annual Environmental Sustainability report, detailing the company's achievement of carbon neutrality in 2021 and reiterating its commitment to net-zero carbon by 2025. In July 2022, Boom released the findings of an extensive research project led by Ben Murphy, VP of Sustainability at Boom, and Akshay Ashok Ph.D., Sustainability and Regulatory Specialist at Boom. The report highlights key drivers of exponential growth which can help achieve rapid scaling of the SAF industry. Boom also recently announced a 10-year agreement with Climeworks to remove part of Boom's residual CO₂ emissions from the atmosphere and permanently store them underground. Further adding to Boom sustainability efforts, the Overture Superfactory, which will be designed and built by BE&K Building Group and BRPH, will be LEED certified. Boom was named one of this year's honorees in Travel + Leisure's Global Vision Awards, which highlights changemakers creating more sustainable and responsible travel products, practices, and experiences.
About Boom Supersonic
Boom Supersonic is transforming air travel with Overture, the world's fastest airliner, optimized for speed, safety, and sustainability. Serving both civil and government markets, Overture will fly at twice the speed of today's airliners and is designed to run on 100% sustainable aviation fuel (SAF). Overture's order book, including purchases and options from American Airlines, United Airlines, and Japan Airlines stands at 130 aircraft. Boom is working with Northrop Grumman for government and defense applications of Overture. Suppliers and partners collaborating with Boom on the Overture program include Collins Aerospace, Eaton, Safran Landing Systems, the United States Air Force, American Express, Climeworks, and AWS.
SmartSky Networks | November 04, 2022
SmartSky Networks today announced the availability of SmartSky’s air-to-ground (ATG) connectivity service offering for the Cessna Citation X series aircraft. The move follows the recent issuance of a supplemental type certificate (STC) for the aircraft and highlights SmartSky’s plans to make its ATG connectivity available for over 7,000 business jets and turboprop aircraft across 14 aircraft models manufactured by Textron Aviation. Textron Aviation Service Centers are part of SmartSky’s growing network of connectivity solution providers with plans to begin installations in Q4 of 2022 at the 11 Textron Aviation Service Centers in the United States. STCs are anticipated to expand beyond the Citation X series to include the Cessna Citation Excel 560 series, the Beechcraft King Air B200/250/300/350 series, and additional Textron Aviation models like the Cessna Citation Sovereign.
The STC for the Citation X was recently completed in Kinston, North Carolina, by flyExclusive, a large operator of Textron Aviation aircraft, and the engineering team at Liberty Partners. This Textron Aviation owned STC enables the more than 300 Cessna Citation X series aircraft to now take advantage of SmartSky’s nationwide ATG network.
SmartSky Networks was founded to transform aviation through disruptive communications technologies, services, and tools. Its innovative air-to-ground network is now available, with full CONUS coverage coming in the first half of 2022. The network takes advantage of patented spectrum reuse, advanced beamforming technologies and 60 MHz of spectrum for significantly enhanced connectivity. SmartSky Networks uniquely enables an “office in the sky” experience with unmatched capacity for data transmissions both to and from the aircraft. This real-time, very low latency, bidirectional data link makes SmartSky Networks the best in-flight user experience, and a key enabler for new and enhanced applications and services.
Leidos | November 07, 2022
Leidos, a FORTUNE® 500 science and technology leader, today announced the first Terminal Flight Data Manager (TFDM) system operational at Cleveland Hopkins International Airport (CLE). The system, developed for the Federal Aviation Administration (FAA), will reduce runway departure queues and allow for streamlined operations in the airport's air traffic control tower.
"With an increase in air traffic nationwide, it's crucial for airports to leverage the most innovative systems and technology to keep airport traffic consistently flowing ,The benefits of TFDM are far-reaching. Not only will it improve the passenger experience by reducing delays, but it will also lower greenhouse gas emissions through reduced airplane taxi times."
Fran Hill, senior vice president of Leidos' Transportation Solutions.
TFDM is a tower-based Next Generation Air Transportation System (NextGen) technology that improves surface management and efficiency. The system shares electronic data among controllers, air traffic managers, aircraft operators and airports to stage arrivals and departures while managing surface traffic flow. Leidos is the prime contractor and lead integrator developing and implementing TFDM. Leidos teams perform program management, systems engineering, design and development, system integration and testing, adaptation, hardware production and site implementation. With its deployment, Leidos will continue to provide maintenance support services to maintain the system's functionality. A second deployment build is planned for Charlotte Douglas International Airport (CLT) in 2024. Build 2.0 will provide additional tools and expand data sharing to flight operators and other stakeholders. TFDM implementation will continue to additional airports across the U.S. over the next several years.
Leidos is a Fortune 500® technology, engineering, and science solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, civil, and health markets. The company's 44,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $13.7 billion for the fiscal year ended December 31, 2021.
Embraer | November 15, 2022
The Brazilian National Bank for Economic and Social Development (BNDES) approved financing to Embraer S.A. (B3: EMBR3, NYSE: ERJ) for producing and exporting commercial aircraft manufactured by the company. The operation, in the order of R$ 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.