S&K Technologies, Inc. | October 31, 2022
S&K Aerospace, LLC (SKA) has been awarded a prime contract by the Defense Logistics Agency (DLA) Land and Maritime to support U.S. Army vehicle maintenance at Red River Army Depot (RRAD) in Texarkana, Texas. SKA will serve as the Industrial Product-Support Vendor providing bin and line-side delivery of bench stock items for maintenance and production lines. RRAD specializes in building and rebuilding ground support vehicles used by the military around the world. At RRAD, SKA will perform integrated supply chain services which includes inventory management, parts acquisition, local storage, spot buying, kitting, and other services at high bin fill rates required by DLA.
“Our number one priority is to keep parts ready and available when needed so that depot mechanics and technicians experience zero delays, Efficiency at this stage means the equipment is ready for deployment as soon as possible. We’re excited to partner with DLA and RRAD on this effort.”
Mike Delaney, SKA VP of Programs.
This competitive acquisition is an indefinite-delivery/indefinite quantity, three-year base contract, with two two-year option periods, and an estimated ceiling value of $52.1 million.
About S&K Aerospace
SKA is a leading integrated supply chain management prime contractor with customers across the Department of Defense and its Allies. The company is a subsidiary of S&K Technologies, Inc. (SKT), a family of companies owned by the Confederated Salish and Kootenai Tribes (CSKT) with headquarters in St. Ignatius, Montana. The SKT companies serve a global customer base with sophisticated aerospace, logistics, information technology, engineering, construction, and tower/antenna solutions. SKT’s success provides meaningful economic dividends to the 8,000-plus members of the CSKT tribal community, supporting programs involving cultural preservation, language revitalization, services for elders, and other social investments.
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.
Latecoere | October 17, 2022
Latecoere, a "tier 1" international partner group of the world's largest aircraft manufacturers, will be present at the "2022 NBAA Business Aviation Convention & Exhibition" in Orlando in the United States from October 18 to 20, which brings together 1,000 aviation companies from business. On stand n°3669, Latecoere will offer a range of intelligent equipment intended for business aviation: Smart LiFi Monitor, 4K monitors, IFE camera systems... Latecoere experts will also present breakthrough technologies for the cabin such as such as LiFi and on-board fiber optics, which could help lighten the aircraft and thus reduce fuel consumption. Through its expertise in interconnection systems and aerostructures, Latecoere provides solutions for many business aviation platforms, in particular for Airbus, Boeing, Bombardier and Dassault Aviation.
As an international group and "Tier 1" partner of the world's leading aircraft manufacturers (Airbus, Boeing, Bombardier, Dassault, Embraer), Latecoere serves aerospace with innovative solutions for a sustainable world. The Group operates in all segments of the aerospace industry (commercial, regional, business and military aircraft), in two business areas:
Aerostructures (46% of sales): fuselage sections and doors.
Interconnection Systems (54% of sales): wiring, electrical furniture and onboard equipment.
CDB Aviation | November 14, 2022
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced on the sidelines of Airline Economics Growth Frontiers Asia Pacific 2022 conference the signing of lease agreements for a fleet of six Airbus A320neo aircraft with India’s leading airline, Air India. CDB Aviation is among the first aircraft leasing companies to secure the placement of Air India’s additional A320neo aircraft under the recently announced multi-stage transformation plan since the purchase of the airline by Tata group, which aims to increase the carrier’s fleet and help it boost both domestic and international operations. The aircraft will be delivered in the second half of 2023.
“Our commercial team is delighted to have worked closely with Air India to help solve their fleet requirements with these new Airbus narrowbody aircraft from our orderbook, These fuel-efficient, new generation aircraft are well suited to support Air India’s fleet revitalization initiatives, positioning the airline for sustained growth and profitability.’’
Ryan Barrett, CDB Aviation’s Head of Asia Pacific.
Commenting on the agreement, Nipun Aggarwal, Chief Commercial Officer of Air India, said: “This is an important agreement, which will help us to strengthen our fleet with state-of-the-art aircraft. This will boost our connectivity, especially on the short and medium-haul routes, and is an important step ahead in our transformation journey. India is an increasingly important region for CDB Aviation, being the second largest Asia Pacific market for new aircraft deliveries, with nearly 1,000 Boeing and Airbus jets in its orderbook,” explained Peter Goodman, CDB Aviation’s Chief Commercial Officer. “Our commercial team remains steadfast in its outreach efforts across Asia Pacific, leveraging our platform’s resources and scale to support the region’s airlines in restoring their networks and growing their fleets.
About Air India
Founded by the legendary JRD Tata, Air India pioneered India’s aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, Far-East, South- East Asia, Australia and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium. After 69 years as a government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022. The present management at Air India is driving the five-year transformation roadmap under the aegis of Vihaan.AI to establish itself as a world-class global airline with an Indian heart. www.airindia.in
About CDB Aviation
CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), a 36-year-old Chinese leasing company that is backed mainly by the China Development Bank. CDB Aviation is rated Investment Grade by Moody’s (A2), S&P Global (A), and Fitch (A+). China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating.