Mallya’s Kingfisher House auction fails for third time

Kingfisher Airlines | December 21, 2016

A State Bank of India (SBI)-led consortium’s attempt to auction the Kingfisher House here, once owned by industrialist Vijay Mallya, failed for the third time on Monday as there were no takers despite a 15 per cent cut in reserve price. The reserve price for Kingfisher House, once the defunct Kingfisher Airline’s corporate office, was Rs 115 crore, which was 15 per cent lower than the failed second auction held in August, when the minimum sale price was fixed at Rs 135 crore. Both previous auctions failed as bidders found the reserve price too high.

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AIR TRANSPORT, COMMERCIAL AVIATION

Air Lease Corporation Announces Lease Placement of Two New Airbus A321neo LR Aircraft with HiSky

Air Lease | September 12, 2022

Today Air Lease Corporation announced long-term lease placements for two new Airbus A321neo LR aircraft with HiSky. Scheduled to deliver to the European carrier in March 2023 from ALC’s order book with Airbus, these two new A321neo LRs join one Airbus A319 and four A320s currently on lease to the airline from ALC and its managed vehicles, Blackbird I and II. “ALC is pleased to announce this placement with HiSky for two new A321neo LRs ,HiSky launched in 2020 with used A320 family aircraft exclusively provided by ALC and they have grown their business consistently since then. The airline is now ready to take the next step in their growth plans and we are happy to support this expansion with two brand-new A321neo LRs." David Beker, Senior Vice President of Air Lease Corporation The addition of these two new A321neo LR aircraft is the right ingredient to sustain our growth strategy in 2023,” said Iulian Scorpan CEO of HiSky. We are grateful to ALC for the opportunity to operate the industry’s most modern aircraft offering top performance, range, and fuel-efficiency. Starting in April 2023, HiSky passengers will benefit from several long-range nonstop flight solutions to be announced this autumn. About Air Lease Corporation Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release. About HiSky HiSky is an EASA certified airline that operates in Romania and Moldova from three operational bases: Bucharest, Cluj and Chisinau. HiSky combines charter and scheduled flights and, expects, in the coming months to celebrate the transportation of its first one million passengers since the inception of operations in March 2021. With a team of enthusiastic and seasoned professionals with hundreds of years of experience in aviation, HiSky currently has a fleet of four Airbus A320s with 180 seats and an Airbus A319 with 144 seats.

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BUSINESS AVIATION, COMMERCIAL AVIATION

Canada Jetlines Partners with Sabre on Global Distribution Agreement

Canada Jetlines | September 23, 2022

Canada Jetlines Operations Ltd. Canadian, leisure airline, is proud to announce a worldwide distribution agreement with Sabre, the leading software and technology company that powers the global travel industry.This new long-term agreement ensures that Sabre will distribute the carrier’s comprehensive content for travel agencies and corporations through the Sabre travel marketplace (GDS) -- supporting Canada Jetlines in powering future revenue growth while reaching key market segments associated with the GDS. Canada Jetlines will leverage Sabre’s ancillary services to provide travel agencies around the world with access to the airline’s complete range of travel products, including fares and seat availability. “We are pleased to have achieved this agreement with Sabre, which broadens Canada Jetlines’ distribution capabilities to meet our international growth objectives.This partnership aligns with our projected distribution strategy of providing the right content in the right channel. As a leisure airline, Canada Jetlines recognizes the key role that travel agencies play in our success.” Duncan Bureau, Chief Commercial Officer of Canada Jetlines The Sabre travel marketplace is instrumental in facilitating the marketing, sale and servicing of airfares, hotel rooms, rental cars, rail tickets and other types of travel to buyers around the world who use it to shop, book and manage travel.Canada Jetlines will begin operations out of its travel hub at Toronto Pearson International Airport (YYZ), with its first scheduled route into YYC Calgary International Airport on September 22, 2022, with biweekly flights operating Thursdays and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am EST – 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST. Frequency will increase to three flights per week, Thursdays through Sundays, starting later in the fall. 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. To learn more, please visit www.jetlines.com and follow on all social media platforms for news and updates.

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AEROSPACE

MORAI to Showcase True-to-life Simulation Platform for Next-Generation Aircrafts at Commercial UAV Expo 2022

MORAI | September 07, 2022

MORAI, a leading developer of full-stack autonomous vehicle simulation technology in Korea, announced today that it launches a new simulation platform for aircrafts, MORAI SIM Air at Commercial UAV Expo 2022, held in Las Vegas from September 6 to September 8, 2022. Urban Air Mobility (UAM) is getting attention as a next-generation urban transport system that can solve problems such as increasing urban population and traffic congestion. However, it is essential to establish a safe and stable operating environment as it may create hazards to persons or property in the event of crash or accident compared to a car. To handle such challenges, MORAI offers simulation tools and solutions for aircrafts. The MORAI SIM Air is a simulation solution designed for aircraft such as UAM and UAVs (unmanned aerial vehicles) to verify the system safety of aircraft in realistic virtual spaces. MORAI SIM Air simulates every possible flight scenario that may occur in urban area when operating UAM. This new simulation platform enables numerous test flights for scenarios of extreme situations with detailed photorealistic scenes such as complex urban environments and specific flight paths. It provides a realistic, fully configurable, virtual simulation environment for aircraft manufacturers to test their products. With this solution, they can verify the system safety of aircrafts, enabling preliminary action to prepare the potential for dangerous situations. In the future urban environment, a more sophisticated traffic management and control system is required. MORAI SIM Air virtualizes real-world aviation facilities, enabling scenario testing by applying UTM and Air Traffic Management (ATM) in a simulation space. With MORAI SIM Air, UAM and UAVs manufacturers can test various scenarios in a safe and cost-effective manner. “We are delighted to showcase MORAI’s latest innovation on simulation technology at the Commercial UAV Expo, the world’s leading commercial UAV trade show. At MORAI, we believe simulation is the best solution to accelerate the path to commercialization of next-generation air mobility such as UAM,We launched MORAI SIM Air to provide a safer and more efficient way for aircraft manufacturers to test and verify their flight systems. MORAI strives to advance our technology so that we can provide the value of simulation to companies in the UAM and drone industries.” Jiwon Jung, CEO of MORAI MORAI’s data-driven simulation approach delivers value along each step of the aircraft development process, from the project inception stage to the testing and acceptance trial stage

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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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