BUSINESS AVIATION, COMMERCIAL AVIATION
Volato | September 17, 2022
Volato, the most efficient way to experience a luxury private jet, today announced a new relationship with Gulfstream and a fleet order of Gulfstream G280 aircraft. With four on firm order, the aircraft will add significant capability to Volato's existing fleet of HondaJet Elites. This expansion evolves Volato's business model as they look to service a greater share of the private aviation market. Volato will be the first company to fractionalize the Gulfstream G280, preselling fractions in multiples of eighths, and will take delivery of its first G280 aircraft in early 2024.The ten-seat configured Gulfstream G280 brings the unique benefits of Volato's program to the super-mid cabin fractional customer: fly as little or as much as you like, plus, earn revenue every time your aircraft flies a live mission, evolving their business model from The most efficient way to fly luxury private with four or fewer passengers to The most efficient, friendly and rewarding way to experience a luxury private jet.
"When we launched Volato, our strategy was to initially target the largest segment of the market that was not being directly addressed: short haul flights with only a few passengers,From listening to our customers' needs and recognizing that our innovative business model is not just limited to light jets, we are excited to expand our model to larger aircraft so that HondaJet owners can fly their edge case missions that are farther or with more passengers, while welcoming a new category of luxury private jet customer to Volato's superior experience."
Matt Liotta, Co-Founder and CEO of Volato
The Gulfstream G280 features the largest in-cabin experience and greatest efficiency in its class. The Gulfstream G280's revolutionary wing design and engine technology result in prime fuel-efficiency, reducing operational costs and supporting environmental sustainability. Volato will offset the CO2 in every gallon of fuel through its program with 4AIR, continuing its commitment to minimize its environmental footprint.When considering expanding our fleet offerings, the cabin experience and operating efficiency were important considerations,said Nicholas Cooper, Co-Founder and Chief Commercial Officer of Volato. "Gulfstream and the G280 was the clear choice as being best in class and we are excited to begin this relationship with Gulfstream.Gulfstream is grateful to Volato for the confidence they have placed in us and in the Gulfstream G280 as they expand their fleet, said Scott Neal, Senior Vice President of Worldwide Sales, Gulfstream. The G280 is an outstanding aircraft, and I look forward to Volato's customers benefiting from its cabin comfort and class-leading performance capabilities. The Gulfstream G280 will service Volato's existing owner's private aviation needs through direct fractional ownership or access to the aircraft through their HondaJet fractional ownership. As owners can fly as little or as much as they like, while earning a revenue share whenever their aircraft flies a live leg, there is no downside to having ownership in both programs, owners simply choose the most efficient aircraft for their mission. Volato's Gulfstream G280 fleet will service the United States and nearby countries. Volato operates one of the largest and most modern fleets of HondaJets in the world with 11 aircraft and 18 on order, and now offers fractional shares in four Gulfstream G280's, the Stretch Jet Card: the only in-fleet jet card that rewards flexibility, and Volato Aircraft Management Services with a focus on HondaJets and large cabin aircraft. With IS-BAO Stage 2 and ARGUS Platinum safety ratings, and an accident-free history, Volato operates with the highest safety standards of any HondaJet operator. In addition, Volato offsets the CO2 on every gallon of fuel used by its fleet through its program with 4AIR, and provides pilots with robust training and a balanced lifestyle. Volato is positioned to be an industry leader as it continues to develop the most innovative solutions in private aviation.
Volato is a full-service aviation company providing modern ways to enjoy luxury private jets through innovative, friendly, and sustainable solutions. Volato provides a fresh approach to fractional ownership, aircraft management, jet card and charter programs. Volato's fractional program uniquely offers flexible hours and a revenue share on every live mission for owners in a fleet of bespoke HondaJet Elites which are optimized for missions of up to four passengers, and Gulfstream G280's which are optimized for missions of up to ten passengers.
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
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
AIR TRANSPORT, BUSINESS AVIATION
AMERICAN AIRLINES | August 18, 2022
American Airlines and Boom Supersonic today announced the airline's agreement to purchase up to 20 Overture aircraft, with an option for an additional 40. American has paid a non-refundable deposit on the initial 20 aircraft. Overture is expected to carry passengers at twice the speed of today's fastest commercial aircraft. Boom Supersonic's Overture would introduce an important new speed advantage to American's fleet, which is currently the simplest, youngest and most efficient among U.S. network carriers. Under the terms of the agreement, Boom must meet industry-standard operating, performance and safety requirements as well as American's other customary conditions before delivery of any Overtures.
"Looking to the future, supersonic travel will be an important part of our ability to deliver for our customers, We are excited about how Boom will shape the future of travel both for our company and our customers."
Derek Kerr, American's Chief Financial Officer.
Overture is being designed to carry 65 to 80 passengers at Mach 1.7 over water — or twice the speed of today's fastest commercial aircraft — with a range of 4,250 nautical miles. Optimized for speed, safety and sustainability, Overture is also being designed to fly more than 600 routes around the world in as little as half the time. Flying from Miami to London in just under five hours and Los Angeles to Honolulu in three hours are among the many possibilities. "We are proud to share our vision of a more connected and sustainable world with American Airlines," said Blake Scholl, Founder and CEO of Boom. "We believe Overture can help American deepen its competitive advantage on network, loyalty and overall airline preference through the paradigm-changing benefits of cutting travel times in half." In July, Boom revealed the final production design of Overture, which is slated to roll out in 2025 and carry its first passengers by 2029.
About American Airlines Group
To Care for People on Life's Journey®. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company's stock is included in the S&P 500.
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, Rolls-Royce, the United States Air Force, American Express, Climeworks, and AWS
DEFENSE AND SPACE
Vega C | July 14, 2022
The Vega C rocket has completed its inaugural flight, placing the main payload LARES-2 – a scientific mission of the Italian Space Agency ASI – into its planned orbit. Six additional research CubeSats from France, Italy and Slovenia flew as secondary payloads. The launch caps a multi-year effort by ESA, the prime contractor Avio and industrial partners in 13 ESA member states to build on the heritage of its predecessor, Vega.
Vega C represents a dramatic capability boost compared to Vega, which has been flying since 2012. With the new first and second stages and an uprated fourth stage, Vega-C increases performance from Vega’s 1.5 t to about 2.3 tons in a reference 700 km polar orbit.
Vega-C features a new, more powerful first stage, P120C, based on Vega’s P80. Atop that is a new second stage, Zefiro-40, and then the same Zefiro-9 third stage as used on Vega.
The re-ignitable upper stage is also improved. AVUM+ has increased liquid propellant capacity, to deliver payloads to multiple orbits depending on mission requirements and to allow for longer operational time in space, to enable extended missions.
The P120C motor will do double service, with either two or four units acting as strap-on boosters for Ariane 6. Sharing this component streamlines industrial efficiency and improves cost-effectiveness of both launchers.
“This great success is the result of the work of our people in cooperation with ESA, ASI and CNES, and highlights once again the Avio and Italian excellency in space technology in the European domain. The presence of the Italian Minister for Innovation and Digital Transition Vittorio Colao here at the flight testifies the attention and commitment of the Italian Government, that with the National Recovery Plan has decided to provide an additional boost to research and innovation in a key sector for the Country and for independent access to space. The Maiden Flight of Vega C has been just completed, but in the coming days we will start to work to the next one, expected by year-end: the first of 7 flights already booked.”
Giulio Ranzo, Avio’s CEO