DEFENSE AND SPACE
Sandhills Global | July 07, 2022
According to the latest Sandhills Global market reports covering the aviation industry, values for piston single, turboprop, and jet aircraft may have peaked this May. All aviation categories displayed month-to-month value decreases from May to June, and with the aviation market showing signs that values might continue their drop in the near future, sellers could need to adjust asking values going forward based on the available inventory. The market reports show that rising inventory levels are a major contributor to decreasing aviation values, and this June marked the fourth consecutive month of inventory expansion across all categories.
Sandhills' aviation products include Controller, Controller EMEA, Executive Controller, Charter Hub, Aviation Trader, Aircraft Cost Calculator, and AircraftEvaluator. AircraftEvaluator is Sandhills' proprietary asset valuation tool for all types of aircraft, built using the same technology behind FleetEvaluator. Widely used and trusted across equipment, truck, and trailer industries, FleetEvaluator identifies asset values with unparalleled accuracy.
The key metric used in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions.
This report includes detailed analysis of asking values and inventory trends in the worldwide used aircraft market along with charts that help readers visualize the data. It describes and quantifies important trends in the buying and selling of used piston single, turboprop, and jet aircraft.
U.S. and Canada Used Piston Single Aircraft
With the 21% M/M inventory increase in June, used piston single aircraft inventory has now increased each of the last five months. Inventory levels were up 15% year-over-year.
The Sandhills EVI shows asking values decreased 1.4% M/M; on a YOY basis, values are up 22% from June 2021.
U.S. and Canada Used Turboprop Aircraft
In the turboprop category, the Sandhills EVI showed an 8.5% M/M inventory increase, a gain nearly identical to the category's 8-percentage-point increase from April to May.
Despite inventory increasing for the fourth consecutive month, turboprop inventory levels were still down 52% YOY.
Asking values for turboprops were down 1% M/M; but when compared to June 2021, values are up 32% YOY.
Global Used Jet Aircraft
Although used jet inventory increased for the fifth consecutive month, jumping 15.3% from May to June, inventory levels across the globe are down 34% YOY.
The Sandhills EVI shows asking values decreased 3.1% M/M with asking values this June coming in at $12.7 million. When compared to one year prior, jet aircraft values are up 27%.
About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the aviation, construction, agriculture, and commercial trucking industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.
About the Sandhills Equipment Value Index
The Sandhills Equipment Value Index is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, commercial trucking, and aviation industries represented by Sandhills Global marketplaces, including Controller.com, AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator and AircraftEvaluator, Sandhills' proprietary asset valuation tools, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.
DEFENSE AND SPACE
Astronics Corporation | June 13, 2022
Astronics Corporation a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today that it has signed an agreement with Southwest Airlines to provide its EMPOWER® Passenger In-Seat Power System for installation on 475 Boeing 737 MAX-7 and MAX-8 aircraft. This award is part of Southwest’s recently announced significant cabin upgrade initiative to enhance the Customer experience.
The system configuration selected by Southwest Airlines will provide 60W Type-C and 10.5W Type-A USB charging ports at every passenger seat. This will allow passengers to power and charge two devices simultaneously, including smart phones, tablets, laptops and other Portable Electronic Devices (PED).
“Our goal was to ensure that, when we took the leap into the in-seat power market, we provided our Customers with the latest and greatest cabin power system. Astronics was the clear choice, with their latest-generation system providing USB A and USB C power ports on every seat in the aircraft, in a space-saving system architecture that does not compromise legroom.”
Tony Roach, Vice President Customer Experience and Customer Relations at Southwest Airlines
Astronics will begin delivering in the fourth quarter of 2022 for retrofit installations on Southwest Airlines’ existing MAX-8 fleet which will begin in early 2023. The Astronics Connectivity Systems and Certification group has been selected to provide the installation design, STC certification and installation kits for the retrofit. Deliveries to Boeing for installation on new aircraft on the production line will begin in 2023.
“Southwest Airlines and Astronics both share a Customer-centric strategic vision which includes a desire to collaborate and a willingness to invest in products and services that improve the flying experience,” said Aaron Clarke, Vice President of Cabin Electronics at Astronics Advanced Electronic Systems. “We’re excited our newest system architecture hit the mark with Southwest, and we are excited to be part of the great experience Southwest is bringing to their passengers.”
About Astronics Corporation
Astronics Corporation serves the world’s aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets.
About Southwest Airlines Co.
Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. More than 50 years after its first flight in 1971, Southwest continues to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its nearly 59,0002 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. That formula for success brought industry-leading prosperity and 47 consecutive years3 of profitability for Southwest Shareholders. Southwest continues to develop tangible steps toward an environmental sustainability goal of achieving carbon neutrality by 2050, including offering an opportunity for Customers to contribute toward helping Southwest offset its carbon emissions.
flyExclusive and Force Aviation | June 03, 2022
flyExclusive, a leading provider of premium private jet charter experiences, announced that it is advancing the efficiency, reliability and safety of its fleet with the installation of the state-of-the-art Garmin G5000® advanced flight deck. Offering one of the most intuitive pilot-vehicle interfaces available in the marketplace, the G5000 demonstrates flyExclusive’s commitment to harnessing innovative technology to enhance operations and deliver elite experiences for its private jet customers.
With the addition of the G5000 to its fleet, flyExclusive will transform the way its crew members access flight data. The modernized layout is optimized for fewer hand/eye movements in the cockpit, giving flight crews complete control over navigation and communications systems, traffic surveillance systems, electronic checklist entries and remote audio/intercom systems as well as optional charting, traffic, weather, entertainment and custom display options.
“flyExclusive is harnessing technology innovation in a way no other Part 135 operator in the marketplace can match,” said Tommy Sowers, president, flyExclusive. “By upgrading our aircraft with the G5000, we’re elevating our fleet to incorporate the best of the best in avionics technology. This and other investments we are making in technology will help further our mission of providing the safest, most reliable and most efficient private jet experiences in the market.”
flyExclusive will partner with Force Aviation to install the G5000 system in 10 of its Cessna Citation Excel aircraft. The private jet charter company chose Force Aviation because of their more than 100 years of collective experience in avionics and preventative maintenance. Like flyExclusive, Force Aviation is deeply committed to providing superior service to its customers and partners as well as preserving the highest quality standards in its business practices.
“As a leader in avionics installation and repair and a Garmin Platinum Dealer, we pride ourselves on working with the best brands in aviation to equip their fleets with the most innovative technology available,” said Kelly Brown, director of sales, Force Aviation. “We are excited to partner with flyExclusive on the installation of the G5000 system in their aircraft, giving their pilots a new tool to deliver seamless experiences for pilots and customers.”
Additional benefits of the G5000 for flyExclusive’s fleet include
Increased dispatch reliability to help optimize fleet availability even amid peak demand, reducing trip cancellations and the need for replacement lift
Enhanced safety for crews and passengers due to increased situational awareness and additional safety-aiding items
Familiarity for pilots trained in Garmin avionics systems and highly intuitive system for those using the system for the first time compared to other integrated flight decks in the market
Ability to display Charts, Datalink Weather, detailed taxi diagrams, Synthetic Vision and options for Controller Pilot Data Link Communications
Modernized cockpit layout to match new production aircraft
“We designed the G5000 to provide one of the most intuitive pilot-vehicle interfaces available in any business jet avionics system. With this technology, flyExclusive pilots will now have the most robust avionics technology available to enhance the reliability and safety of the private jet experience for flyExclusive’s customers.”
Dave Brown, manager, integrated flight deck retrofit programs, Garmin
flyExclusive is a premiere Part 135 owner/operator of private jet experiences that surpass expectations for quality, convenience and safety. From our world-class Jet Club to our unmatched private charter, clients who fly with us receive a curated experience that anticipates their needs for consistency, comfort and style. As the second largest operator of Cessna Citation aircraft in the world with a floating fleet of more than 85 light to heavy jets, flyExclusive offers access to a world of personalized private aviation with on-demand flights that can service a myriad of specialized trip needs. flyExclusive is headquartered in Kinston, NC with services provided across North America, Caribbean, Central America, South America, Europe, Asia and beyond.
About Force Aviation
Force Aviation a full-completion and maintenance facility. We specialize in engine and systems maintenance, major modifications, advanced avionics installation and repair, structural repair, interior refurbishment, and exterior paint and design. Force Aviation is a Garmin Platinum Dealer and is one of a select few dealers to maintain a seat on the Garmin Advisory Board.
Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Garmin was the 2020 recipient of the prestigious Robert J. Collier Trophy for Garmin Autoland, the world’s first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention.
DEFENSE AND SPACE
Draganfly Inc. | June 27, 2022
Draganfly Inc. an award-winning, industry-leading drone solutions and systems developer, is pleased to announce that Alabama State University is offering the Draganfly Drone Technology Course through ASU’s Division of Continuing Education.
Draganfly’s experienced team is sharing their vast industry knowledge with a variety of ASU faculty members and students. The program provides an introduction to unmanned aerial vehicles and explores advanced topics including regulations, airspace operations, and navigation.
“Being able to learn from the experts at Draganfly is an incredible opportunity. As more businesses and governments turn to drones, it is crucial for us to understand how to meet their needs effectively,” said O’Nesha Burke, an ASU student and recipient of the Draganfly Drone Pilot Scholarship.
Draganfly’s Drone Technology Course includes a Federal Aviation Administration Part 107 drone preparation course. To fly drones under the FAA’s Small Unmanned Aircraft Systems Rule a Remote Pilot Certificate must be obtained. The certificate demonstrates that pilots understand the regulations, operating requirements, and procedures for safely flying drones.
“As drone demand continues to rise, so does the need for technologically-proficient workers. We are grateful for the opportunity to further expand our partnership with ASU and provide a robust technology program that properly prepares students for the future,”
Cameron Chell, President and CEO of Draganfly
“Following the success of the Drone Pilot Training Program last year, we are thrilled to be working with Draganfly once again to provide industry-leading drone education,” said Dr. Quinton T. Ross Jr., President of ASU. “Draganfly continues to ensure our students have the knowledge and skills required for a rewarding career in the rapidly growing drone space.”
Draganfly Inc. is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 20 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.
About Alabama State University
Founded in 1867, ASU is a comprehensive, regional institution offering students from across the nation and around the globe a world-class education. ASU’s learning experiences are holistic and are designed to develop intellectual, as well as social, moral, cultural and ethical values. ASU graduates are equipped with the skills, insights, attitudes and practical experiences that will enable them to become well-rounded, contributing citizens, fully qualified to take their places in their chosen professions and in service to humanity.