DESIGN AND ENGINEERING

ZEVA Successfully Completes Historic First Test Flight

ZEVA | January 15, 2022

AI Blog
ZEVA, a pioneer in zero-emission electric vertical takeoff and landing (eVTOL) aircraft transportation, successfully achieved its first untethered, powered, controlled flight test for its full-scale ZEVA ZERO flying wing airframe utilizing its eight zero-emission electric motor-driven propellers. The major milestone for the Tacoma-based startup was captured in this new video in rural Pierce County, Washington, on Sunday, January 9th, 2022 as part of its rigorous test program to achieve FAA airworthiness certification.

The uncrewed ZEVA demonstration aircraft completed four flights, totaling more than four minutes of controlled hovering, simulated taxiing maneuvers at slow speeds, and limited vertical climb maneuvers. Its compact airframe is designed for a single pilot and is small enough to fit in a standard automobile parking space. The vehicle is projected to cruise at speeds of up to 160 mph with a range of up to 50 miles, optimizing point-to-point travel.

“This is a huge inflection point for ZEVA as we join an exclusive set of proven flying eVTOL platforms, and a testament to the relentless hard work and ingenuity of our entire team over the past two and half years, We are dissecting our learnings from our critical first taxiing flight, which is a direct result of the support we’ve received from our investors and community, leading us to bring in additional talent to spearhead this historic moment. We are eager to continue to our next stage of hover flight testing on our road to certification and eventual autonomous flight allowing anyone, not just pilots, to access zero-emission point-to-point travel.”

- Stephen Tibbitts, CEO and Chairman of ZEVA.

ZEVA experienced tremendous growth this year, with the addition of Gus Meyer as flight control engineer and several other key hires. The team completed more than 50 successful tethered flights, showcased the ZEVA ZERO aircraft at the Dubai Air Show in November, and was awarded a grant by Washington’s Joint Center for Aerospace Technology Innovation (JCATI) to work with Washington State University on ZEVA Aero’s aerodynamic configurations to optimize the vehicle’s thrust and controls. ZEVA has also worked with NASA in conjunction with its Urban Air Mobility Grand Challenge.

ZEVA will continue hover flight tests and advance to transition flight testing this spring to fine-tune the unique Superman-like trajectory of the aircraft design. The patent-pending design is expected to be available for pre-order for consumers for a $5,000 deposit as early as spring of this year, with an eventual price tag for the first production units estimated at under $250,000.

About ZEVA
ZEVA is bringing personal air transportation to everyone with an affordable, electric vertical takeoff and landing (eVTOL) aircraft called the ZERO. The Tacoma, Washington startup launched in 2017. ZEVA’s founding team delivers decades of experience leading teams of engineers and managing multi-million dollar R&D budgets to develop and mass-produce electronics at both start-ups and multinational corporations.

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AEROSPACE

Aerkomm Enters into a Definitive Agreement with Sakai Display Products Corp. and PanelSemi Corp.

Aerkomm Inc. | January 20, 2022

Aerkomm Inc. ("Aerkomm" or "the Company") (Euronext Paris: AKOM;OTCQX: AKOM), a development stage service provider of In-Flight Entertainment and Connectivity solutions for the airline industry using Ka-band technology, today announced that it entered into a joint venture (the "Joint Venture") agreement (the "Agreement") with Sakai Display Products Corporation ("SDPJ"), a company incorporated under the laws of Japan, and PanelSemi Corporation ("PanelSemi"), a company incorporated under the laws of Taiwan, on January 10, 2022. Through this Joint Venture, Aerkomm will develop and commercialize a tile antenna ("Tile Antenna"). The Joint Venture will be operated through a to-be-established California corporation ("Newco"), which will be owned initially 100% by SDPJ. Aerkomm will license to Newco its intellectual property, know-how and research and development results related to the Tile Antenna. SDPJ will provide Newco with working capital to develop the Tile Antenna proof of concept ("POC"). Upon approval of the POC, Aerkomm will contribute the intellectual property to Newco in exchange for 52% of the equity interest in Newco, and SDPJ and PanelSemi collectively will contribute $20 million in cash (less the contributions funded prior to the POC approval). SDPJ will hold 45% of Newco's equity interest and PanelSemi will hold the remaining 3%. Moreover, according to the Agreement, SDPJ will invest €7.5 million in Aerkomm via private placement upon approval of the POC. In the event that the POC is not achieved within 11 months following the signing of the Agreement, the Joint Venture will be terminated, at which time we will terminate the intellectual property license to Newco and Newco will remain 100% owned by SDPJ. "This agreement marks the first step in our partnership with SDPJ and PanelSemi. The joint venture will facilitate the development of a tile antenna to further our technological capabilities and better serve our customers. Looking ahead, we look forward to opportunities to expand our business and developing new industry-leading technology." -Mr. Louis Giordimaina, CEO of Aerkomm About Aerkomm Inc. Aerkomm Inc. (Euronext Paris: AKOM;OTCQX: AKOM), operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry. The Company strives to become a leading provider of a wide range of in-flight broadband entertainment and connectivity services, including Wi-Fi connectivity, cellular networks, movies, gaming, live television, and music. Aerkomm aims to reshape the market for in-flight entertainment and connectivity services by offering on-board connectivity to its airline partners and passengers for free, generating revenue through advertising and on-board transactions.

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AIRPORT MANAGEMENT

Avelo Airlines Starts Nonstop Service Between the Palm Beaches and Southern Connecticut

Avelo Airlines | January 03, 2022

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Explore the Palm Beaches The Palm Beaches is home to legendary beaches, shopping and entertainment. The area's iconic restaurants, glitzy nightlife and unapologetically luxurious resorts attract sunseekers from across the globe. Lined with stately palm trees, this South Florida paradise is a vacationer's nirvana. With miles of world-famous white sand beaches and turquoise water, there is a spot on this majestic Atlantic coastline for every mood and interest. "We are excited to welcome Avelo Airlines to PBI with nonstop service from New Haven, CT, Offering our passengers an easy, convenient, stress-free experience is our goal and this will only build on that reputation. The northeast is a very important market and additional nonstop service is key to its continued growth and popularity for our travelers." -Laura Beebe, director of airports for Palm Beach County. The New Way to Connecticut Best known as the home of Yale University, New Haven is the second largest city in Connecticut and is part of the New York metropolitan area. The coastal city has experienced—and continues to enjoy—a renaissance. Within an easy stroll from the New Haven Green are more than 100 distinctive restaurants, offering something for every palate, and the city abounds with theaters, museums, and shopping destinations to satisfy all interests and tastes. New Haven has a rich cultural heritage, from museums and theatres to music festivals and entertainment throughout the year, including the New Haven Jazz Festival, the annual St. Patrick's Day Parade, and the Wooster Square Cherry Blossom Festival that regularly bring thousands of visitors to the city. Amidst the crowds, long lines, lengthy walks, and traffic congestion encountered at other airports frequented by travelers to and from the region, HVN offers a refreshingly smooth and simple alternative hometown airport experience. HVN's adjacency to multiple major highways and commuter railways make it Connecticut's most convenient and easily accessible airport. Avelo is the first airline to offer nonstop flights between HVN and Florida. Avelo's arrival to HVN also marks the largest expansion of service at HVN in more than 30 years. A Different, Better and More Affordable Travel Experience Avelo's everyday low fares have no change or cancellation fees. There is also no charge for Customers who choose to make reservations by phone. Additionally, Avelo offers several unbundled travel-enhancing options that give Customers the flexibility to pay for what they value, including priority boarding, checked bags, carry-on overhead bags, and for bringing a pet in the cabin. 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The culture is grounded in a "One Crew" mindset that promotes teamwork, understanding and kindness. By caring for one another and owning their commitments, Avelo Crewmembers provide a smooth, enjoyable, reliable, and caring experience for its Customers. About Avelo Airlines Avelo Airlines was founded with a simple purpose — to Inspire Travel. The airline offers Customers time and money-saving convenience, very low everyday fares, and a refreshingly smooth and caring experience through its Avelo Soul of Service culture. Operating a fleet of Boeing Next Generation 737 aircraft, Avelo serves 18 popular destinations across the U.S., including its West Coast base at Los Angeles' Hollywood Burbank Airport (BUR) and its East Coast base at Tweed-New Haven Airport (HVN). For more information visit AveloAir.com. Avelo BROLL + Images here.

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BUSINESS AVIATION

FXSolutions to Offer Whole Aircraft Business Jet Brokerage Services

FXSolutions | April 20, 2022

Aircraft brokerage company FXSolutions, the latest business to be launched by Directional Aviation’s family of companies, has developed a proprietary aircraft comparison tool to help private aviation clients take the next step in their aircraft acquisition journey. FXSolutions offers industry-competitive advantages not found elsewhere including a hands-on approach to identifying aircraft inventory niche markets and the decades of collective experience of its leadership team. In addition to the team’s vast aviation knowledge, this interactive tool is particularly vital given today’s inventory challenges driven by high demand. Founded on the laurels of Sojourn Aviation, FXSolutions will build on Sojourn’s success with Matthew Doyle as Managing Partner. Doyle brings more than 20 years of experience in aircraft sales from Flexjet and Flight Options. Joining Doyle in leading this new company will be Partner Ed McDonald, formerly of Sojourn, and Partner Clay Wilcox, formerly of Flexjet. Sojourn will be absorbed into the new brokerage service. “It was never a simple process to find the best aircraft to meet your needs and negotiate the best price, and the market has changed in a way that makes using a professional brokerage team like ours the best way to navigate the process,” said Doyle. According to a recent Barclays industry update report, preowned aircraft inventory has fallen, and pricing has grown in the last year. In fact, they have estimated that since the start of the pandemic in March 2020, young used aircraft inventory has decreased 52 percent. Overall, their research indicated that young preowned small cabin aircraft prices increased by 14 percent since the pandemic began. FXSolutions can help buyers and sellers navigate these unique market conditions with a purchase process that includes an in-depth interview with the buyer to understand their mission and match them with the right aircraft types and then a worldwide research report aimed at identifying those available aircraft. FXSolutions uses its unique market data system and contacts to stay on top of aircraft availability. Not only does that hands-on approach benefit the buyer, but it also benefits the sellers they represent. FXSolutions expertly manages demonstration flights, pre-purchase inspections and all phases of the closing process. “Our team of technical experts have such a depth of knowledge and experience that is unmatched in handling the inspection and due diligence during an aircraft transaction. To add to that, their knowledge in global aircraft sales is becoming increasingly sought after in this environment where inventory is tight. What is the unique, though, is that our service doesn’t end when the sale closes. We also can help you find a home for your aircraft, a crew to operate it and the resources to maintain it.” Matthew Doyle, Managing Partner, FXSolutions About FXSolutions FXSolutions is an independent, global aircraft sales company providing consulting and financing assistance services for acquisition, brokerage and the sale of business aircraft led by some of the most experienced sales professionals in the industry. The company uses a combination of hands-on research and a proprietary aircraft comparison tool to assist buyers find the best aircraft at the best price. A member of the Directional Aviation family of businesses, FXSolutions is an accredited member of IADA and a member of NBAA.

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BUSINESS AVIATION

Private Jet Company Volato Acquires Gulf Coast Aviation

Volato | March 23, 2022

Volato, the most efficient way to own a private jet, today announced that it has acquired aircraft management company Gulf Coast Aviation (GCA), a fixture in the Houston private aviation market for the past 25 years. GCA is strategically located at Atlantic Aviation, William P. Hobby International Airport (HOU) in Houston, Tx. The combined companies will serve a larger share of the North American business aviation market. GCA is rated Argus Platinum and Stage 3 IS-BAO; awarded only to aviation companies who have demonstrated operational excellence through successful implementation of best safety practices relative to their operations and maintenance, with safety management activities fully integrated into their culture. Their experience with charter and aircraft management for owners involves everything from King Air turboprops to ultra-long range large cabin jets. GCA's mission to provide first-class service in all areas of aviation aligns with Volato's mission to provide the best experience for their owners and employees. Volato will retain all GCA employees, reinforcing their commitment to industry-specific customer experience while adding to their extensive aviation expertise. "We look forward to supporting the existing managed fleet and welcoming new aircraft owners to our fleet division and we are thrilled to integrate the passion and experience of each and every GCA employee into the Volato family." Matt Liotta, co-founder and CEO of Volato Volato's goal is to have operational bases across the continental United States so their HondaJet fractional owners do not pay repositioning fees. "Having a base in Houston is important to the vision and growth of Volato as it's the second busiest market for private aviation in the country, and we look forward to introducing our HondaJet fleet to GCA's extensive loyal customer base." said Nicholas Cooper, co-founder and CRO of Volato. "Houston adds to our existing bases in Atlanta, Baltimore, St. Augustine, Ft. Lauderdale and Carlsbad, so this acquisition gets us closer to our goal". A further benefit is owners in Volato's fractional program and their charter customers now have access to a larger charter fleet to meet a variety of their travel needs. GCA Founders Steve and Debbie Holmes are pleased to announce their retirement. "We are grateful for GCA's loyal customers, vendors and employees who have all been indispensable in making Gulf Coast Aviation a success. When we met the Volato team, we were very impressed by their leadership, unique business model, passion for delivering the best customer experience and how they treat their employees. We knew our customers and employees would be in good hands," said Steve Holmes. "We are confident that Volato is the right custodian for our company and team. We are excited to see GCA grow and evolve as part of the Volato family." About Volato Volato is the modern way to buy and own a private jet, creating a more accessible, sustainable category of private aviation ownership through an innovative business model that reduces costs while increasing the convenience of ownership. Volato focuses on four-or-fewer passenger missions and operates a fleet of bespoke HondaJet Elite S aircraft. About Gulf Coast Aviation Gulf Coast Aviation strives to make private aircraft travel safe and stress free by providing its clients with first class service in all areas of aviation including aircraft management and charter. We place a special interest in hiring and giving back to Veterans of the United States Military.

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