BUSINESS AVIATION

Reinvent Technology Partners Announces Shareholder Approval of Proposed Business Combination with Joby Aviation

Joby Aviation | August 06, 2021

Reinvent Technology Partners, a special purpose acquisition company that takes a “venture capital at scale” approach to partnering with bold leaders and companies, announced that at its Extraordinary General Meeting of Shareholders held today, RTP shareholders voted to approve and adopt the previously announced business combination agreement with Joby Aviation, Inc.  a transportation company developing an all-electric, vertical take-off and landing aircraft that it intends to operate as a commercial passenger aircraft beginning in 2024.

The formal results of the vote will be included in a Current Report on Form 8-K to be filed by RTP with the Securities and Exchange Commission.

The business combination is expected to close on August 10, 2021, subject to the satisfaction or waiver of customary closing conditions. Upon the closing of the business combination, RTP will change its name to Joby Aviation, Inc. and shares and warrants of Joby Aviation, Inc. are expected to trade on the New York Stock Exchange under the ticker symbol “JOBY” and “JOBY WS,” respectively.

This transaction values Joby at $4.5 billion enterprise value. The proceeds being raised in this transaction plus cash on the balance sheet as of March 31, 2021, equals approximately $1.6 billion.

Commenting on the successful outcome of the vote, JoeBen Bevirt, Founder and CEO of Joby, said: “We’re honored that the shareholders of RTP have chosen to overwhelmingly support this transaction. These additional funds ensure that Joby continues to be the best funded company in this sector and, more importantly, we believe they deliver the required funding to execute on our plan. We now look forward to taking the next step on our journey toward making zero-emissions aerial ridesharing a reality and reinforcing Joby’s position as the leader in this new field.”

About Joby Aviation
Joby Aero, Inc. is a California-headquartered transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which has a range of 150 miles on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph. It is designed to enable a revolutionary new way for people to move in and around cities as an alternative to congested ground transportation while accelerating the shift to sustainable modes of transit. Founded in 2009, Joby employs more than 800 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington D.C. and Munich, Germany.

About Reinvent Technology Partners
Reinvent Technology Partners is a newly formed special purpose acquisition company led by Reid Hoffman, Mark Pincus and Michael Thompson, that takes a “venture capital at scale” approach to partnering with bold leaders and companies. RTP will support a technology business to innovate and achieve entrepreneurship at scale by leveraging its team’s operating expertise as founders of iconic technology companies, their experience building companies as advisors and board members, and the capital raised in its initial public offering.

Spotlight

Air France First Class - New La Premiere Cabin!  This is a flight report, inc. tour of all the cabins (First, Business, Premium & Economy), of Air France flight AF259 from Jakarta (CGK) via a short stop in Singapore (SIN) to Paris (CDG), operated by a Boeing 777-300ER with the NEW cabins! I was in La Premiere First Class seat 1A.


Other News
BUSINESS AVIATION, COMMERCIAL AVIATION

United and Emirates Expand Market Presence Through New Agreement

United Airlines | September 15, 2022

United and Emirates announced a historic commercial agreement today that will enhance each airline's network and give their customers easier access to hundreds of destinations within the United States and around the world.United will launch a new direct flight between Newark/New York and Dubai starting in March 2023 – from there, customers can travel on Emirates or its sister airline flydubai to more than 100 different cities. Tickets for United's new Dubai flight are now on sale.Starting in November, Emirates customers flying into three of the nation's biggest business hubs – Chicago, San Francisco and Houston – will have access to nearly 200 U.S. cities in the United network – most of which only require a one-stop connection. At eight other U.S. airports served by Emirates – Boston, Dallas, LA, Miami, JFK, Orlando, Seattle and Washington DC – both airlines will have an interline arrangement in place. United and Emirates announced their agreement today at a ceremonial event at Dulles International Airport, hosted by United CEO Scott Kirby and Emirates President Sir Tim Clark, featuring United and Emirates Boeing 777-300ER aircraft and flight crews from each carrier. "This agreement unites two iconic, flag carrier airlines who share a common commitment to creating the best customer experience in the skies,United's new flight to Dubai and our complementary networks will make global travel easier for millions of our customers, helping boost local economies and strengthen cultural ties. This is a proud moment for both United and Emirates employees, and I look forward to our journey together." United CEO Scott Kirby Two of the biggest, and best-known airlines in the world are joining hands to fly people better to more places, at a time when travel demand is rebounding with a vengeance. It's a significant partnership that will unlock tremendous consumer benefit and bring the United Arab Emirates and the United States even closer," said Sir Tim Clark, President Emirates Airline. We welcome United's return to Dubai next year, where our hub Dubai essentially becomes a gateway for United to reach Asia, Africa and the Middle East via the combined network of Emirates and flydubai. We look forward to developing our partnership with United for the long term. Soon customers of both airlines can book these connecting flights on a single ticket making check-in and luggage transfer faster and easier. For example – travelers will be able to visit United.com or use the United app to book a flight from Newark/New York to Karachi, Pakistan or go to Emirates.com to book a flight from Dubai to Atlanta or Honolulu. This agreement will also give the loyalty program members of both airlines more opportunities for more rewards: United MileagePlus® members flying on United's Newark/New York to Dubai flight can soon earn and redeem miles when connecting beyond on Emirates and flydubai and Emirates Skywards members will be able to earn miles when they travel on United operated flights. Eligible United customers will also soon have access to Emirates lounges when connecting to and from United's new Dubai flight. Both airlines have recently announced significant investments in the customer experience. Emirates will retrofit more than 120 aircraft as part of a $2 billion effort that includes elevated meal choices, a brand-new vegan menu, a 'cinema in the sky' experience, cabin interior upgrades, and sustainable choices. At United, the airline will add 500 new Boeing and Airbus aircraft to its fleet with a focus on a new signature interior that includes seat-back screens in every seat, larger overhead bins, Bluetooth connectivity throughout, and the industry's fastest available in-flight WiFi.About United United's shared purpose is "Connecting People. Uniting the World." From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, 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.

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DEFENSE AND SPACE

Kennon Announces Portable Magnetic Aircraft Covers for Military Fighter Jets

Kennon | September 06, 2022

As the US military continues to look for ways to increase mission flexibility and protect its pilots and aircraft, industry pioneer Kennon Products is unveiling its innovative Portable Magnetic Aircraft Covers (PMAC). The entire PMAC line provides superior protection in a highly portable format. Today's modern fighter jets — the F-22 and F-35 — are high precision, state-of-the-art flying computers susceptible to Foreign Object Debris (FOD). FOD can come from nature — birds, rodents, blowing dust, rain, and snow. It can also come from human error. Such was the case in May 2020, when an F-22 crashed near Eglin Air Force Base in Florida. Investigators determined the event resulted from human error — a piece of tape was left on the aircraft after servicing. The piece of tape impacted a flight control sensor and caused the pilot to eject (safely). However, the $200M+ F-22 jet was lost. Kennon's covers protect aircraft, ease maintenance, and reduce deadly accidents by providing coverage that prevents FOD intrusion. They also reduce the need for tape. "The best covers are the ones you have with you and the ones you use. Our PMAC covers are easier to see and remove; plus, they stow on board the aircraft," Kennon CEO Joe Wright. Unlike standard covers, Kennon's PMAC line of products can be folded and packed into a small compartment on the aircraft. This portability enhances mission flexibility and reduces the logistical footprint of moving traditional bulky covers and plugs from location to location. Because the covers stay with the aircraft, regardless of where it lands, crews can cover up the various intakes, exhausts, and ports. The jet will never be apart from its protective covers. Kennon can also print on the covers, including a squadron's graphics, tastefully displayed when the jets are parked. The PMAC covers use various advanced composite materials and seals to withstand repeated washings and environmental exposure, including winds up to 70 mph. Kennon's covers protect the fighter jet canopies during maintenance without touching sensitive surfaces. Kennon designed the F-22 Alpha Cover for line-to-line fitment. Made from UV-resistant polyurethane, the cover seals the probe from the elements without damaging fifth-generation LO (low observable) coatings. The fit is secure, even during extreme weather. Kennon's PMAC line was born from a prototype first designed by Retired Air Force Technical Sergeant Daniel Caban, who witnessed the logistical challenges of transporting the complete set of plugs and covers that must go with each aircraft. Caban's prototype, featured in the Air Force's Spark Tank competition, prompted AFWERX, the Air Force's technology accelerator group, to award Kennon several contracts. The initial award was to develop, manufacture, and commercialize the PMAC product line. Kennon has received additional contracts from the US Air Force that address other PMAC products, including multi-purpose wash covers and an advanced canopy protection system for the F-35 and F-22 are now in development. "These technologies can be applied or scaled to other aircraft platforms, both fixed wing and rotorcraft. American allies worldwide also fly these aircraft, so we know there is a large market for this technology," Wright said. About Kennon Products Founded in 1984, Kennon Products is a leading designer and manufacturer of products that protect people and high-value assets for the military, aviation, and healthcare industries. The company employs more than 60 people at its Sheridan, Wyoming facility. Kennon is an employee-owned ESOP (employee stock ownership program) company. With engineering and manufacturing at its core, Kennon Products says yes to virtually any project whose goal is to protect high-value assets.

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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

Artemis Aerospace unveils some of the best upcycling ideas for aircraft parts

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. Homeware collections 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. Drinks bars 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!

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Spotlight

Air France First Class - New La Premiere Cabin!  This is a flight report, inc. tour of all the cabins (First, Business, Premium & Economy), of Air France flight AF259 from Jakarta (CGK) via a short stop in Singapore (SIN) to Paris (CDG), operated by a Boeing 777-300ER with the NEW cabins! I was in La Premiere First Class seat 1A.

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