Aircraft

Elevate Jet Expands Charter Fleet With The Cessna Citation Sovereign

Friday, June 11, 2021 - 8:00pm

BEDFORD, Mass., June 11, 2021 /PRNewswire-PRWeb/ -- Elevate Jet , a boutique private aviation service and aircraft management company, today announces the addition of a Cessna Citation Sovereign under management, adding to its already sophisticated aircraft fleet.

Key Points: 
  • BEDFORD, Mass., June 11, 2021 /PRNewswire-PRWeb/ -- Elevate Jet , a boutique private aviation service and aircraft management company, today announces the addition of a Cessna Citation Sovereign under management, adding to its already sophisticated aircraft fleet.
  • Coupled with its recently secured worldwide operating authority , management of the Citation Sovereign provides Elevate Jet clients with increased access to refined charter travel options and highly customized flight plans.
  • Under aircraft management the Elevate Jet team is able to preserve an aircraft value and operational costs for owners.
  • "The addition of the Sovereign to Elevate Jet's fleet gives clients as many options as possible to travel on-demand as their busy and often unpredictable lives require," said Doug Chouinard, Director of Operations, at Elevate Jet.

Leidos, Paramount USA and Vertex Aerospace Enter Final Phase of Armed Overwatch Competition

Friday, June 11, 2021 - 1:00pm

Leidos, Paramount USA, and Vertex were among five teams awarded a total of $19.3 million for prototype demonstrations and will advance Bronco II to the Phase III Operational Prototype Demonstration later this month.

Key Points: 
  • Leidos, Paramount USA, and Vertex were among five teams awarded a total of $19.3 million for prototype demonstrations and will advance Bronco II to the Phase III Operational Prototype Demonstration later this month.
  • "Vertex has a 50-year legacy of supporting warfighter missions," said Ed Boyington, President and CEO of Vertex Aerospace.
  • Paramount Group USA is also the parent company of Paramount Aerospace Systems USA, its wholly-owned US subsidiary.
  • Vertex Aerospace offers a globalcapability and completesolution for aftermarket aerospace services for government and commercial customers.

Avolon and Vertical Aerospace Announce World’s Largest eVTOL Aircraft Order

Thursday, June 10, 2021 - 9:22pm

Avolon, the international aircraft leasing company, and Vertical Aerospace (Vertical), the most advanced electric vertical take-off and landing (eVTOL) company in the world, announce a ground-breaking US$2 billion order for up to 500 electric eVTOL aircraft.

Key Points: 
  • Avolon, the international aircraft leasing company, and Vertical Aerospace (Vertical), the most advanced electric vertical take-off and landing (eVTOL) company in the world, announce a ground-breaking US$2 billion order for up to 500 electric eVTOL aircraft.
  • Our order with Vertical will also accelerate the inevitable commercial roll-out of zero emissions aircraft.
  • Stephen Fitzpatrick, CEO of Vertical Aerospace, commented: We are delighted to announce this aircraft order with Avolon, one of the leading aircraft lessors in the world.
  • Avolon is the worlds third largest aircraft leasing business with an owned, managed and committed fleet, as of 31 March 2021 of 840 aircraft.

Vertical Aerospace Announces Intention to become Publicly Traded Company via Merger with Broadstone Acquisition Corp.

Thursday, June 10, 2021 - 9:15pm

Vertical Aerospace is a leading UK-headquartered engineering and aeronautical business founded in 2016 by energy tech entrepreneur Stephen Fitzpatrick to develop electric Vertical Take-Off and Landing (eVTOL) aircraft.

Key Points: 
  • Vertical Aerospace is a leading UK-headquartered engineering and aeronautical business founded in 2016 by energy tech entrepreneur Stephen Fitzpatrick to develop electric Vertical Take-Off and Landing (eVTOL) aircraft.
  • Vertical Aerospace Group Ltd. ("Vertical"), a leading UK-headquartered engineering and aeronautical business developing electric Vertical Take-Off and Landing (eVTOL) aircraft, has entered into a definitive agreement for a business combination with Broadstone Acquisition Corp. (NYSE: BSN) ("Broadstone"), a special purpose acquisition company.
  • The transaction will result in Vertical becoming a publicly-traded company, with a pro forma equity value of approximately $2.2 billion.
  • Broadstone Acquisition Corp. (NYSE: BSN) was set up by serial entrepreneurs, operators and investors, Hugh Osmond, Edward Hawkes and Marc Jonas.

FINN flies again! Successful cross banding and multi-node communication shown effective in latest development test event

Thursday, June 10, 2021 - 8:30pm

During the successful ground and flight tests, the GALT team demonstrated the airborne FINN Prototype communication gateway capabilities between ground-based communication nodes and the podded system flown on an MQ-9 surrogate (SAAB-340).

Key Points: 
  • During the successful ground and flight tests, the GALT team demonstrated the airborne FINN Prototype communication gateway capabilities between ground-based communication nodes and the podded system flown on an MQ-9 surrogate (SAAB-340).
  • The development test is the latest in a series of successful flights, using AFRL approved pods, advancing the development and maturing of the FINN capability.
  • GALT is a non-traditional, small business that delivers premier communications and command and control solutions in support of the Department of Defense.
  • GALT's combination of technical innovation and fast-paced execution unleashes new capabilities, bolsters security, and transforms information flow.

Raisbeck Reaches Critical Milestone for New Drag Reduction System

Wednesday, June 9, 2021 - 6:56pm

The system includes a composite Forward Cargo Pod Fairing and metal Dual Aft Body Strakes.

Key Points: 
  • The system includes a composite Forward Cargo Pod Fairing and metal Dual Aft Body Strakes.
  • View the full release here: https://www.businesswire.com/news/home/20210609005798/en/
    We are in the final phase of pre-certification, stated Hal Chrisman, President of Raisbeck Engineering.
  • EPIC Caravan was designed to address the aerodynamic drag issues associated with the Cessna Caravan 208Bs currently flying with cargo pods.
  • The new drag reduction system weighs in at 38 lbs.

Zenith AeroTech Keeps Tethered Aerial Vehicle Aloft for 108 Hours of Continuous Flight

Tuesday, June 8, 2021 - 7:09pm

Zenith AeroTech, a leading developer of heavy-lift tethered aerial vehicles (TAVs), announced that, over the span of a week, its Quad 8 multi-rotor platform flew a total of 161 hours and 49 minutes108 hours of which were continuous, uninterrupted flight.

Key Points: 
  • Zenith AeroTech, a leading developer of heavy-lift tethered aerial vehicles (TAVs), announced that, over the span of a week, its Quad 8 multi-rotor platform flew a total of 161 hours and 49 minutes108 hours of which were continuous, uninterrupted flight.
  • By contrast, tethered aerial vehicles, which draw power from a generator on the ground, can stay aloft for hours at a stretch, said Kutlay Kaya, CEO of Zenith AeroTech.
  • About Zenith AeroTech: Founded in 2018 and headquartered in Afton, Virginia, Zenith AeroTech is an industry leader in Tethered Aerial Vehicles (TAVs).
  • Learn more about Zenith AeroTech here: https://zenithaerotech.com/
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210608006019/en/

Kopin Receives Additional $1.6 Million Order for the F-35 Joint Strike Fighter Program

Tuesday, June 8, 2021 - 1:05pm

With the F-35 scheduled for production through 2030, Kopin expects additional orders over the life of the program.

Key Points: 
  • With the F-35 scheduled for production through 2030, Kopin expects additional orders over the life of the program.
  • The jet is designed to perform both air superiority and strike missions while also providing electronic warfare and intelligence, surveillance, and reconnaissance.
  • The extensive functionality and extreme conditions require unique display technology and Kopin is the sole supplier to this production program.
  • Kopin has been the sole-supplier of microdisplays for the F-35 pilot helmets since the program inception providing thousands of displays, to-date.

Air Lease Corporation Announces Delivery of New Airbus A350-900 Aircraft to World2Fly

Monday, June 7, 2021 - 9:35pm

Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A350-900 aircraft, featuring Rolls-Royce Trent XWB engines, on long-term lease to World2Fly (Spain).

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A350-900 aircraft, featuring Rolls-Royce Trent XWB engines, on long-term lease to World2Fly (Spain).
  • This aircraft is the first of two new A350-900 aircraft confirmed to deliver to the airline from ALCs order book with Airbus.
  • We are delighted to deliver our first of two new A350-900 aircraft to our new customer, World2Fly, said Matthew Stevens, Assistant Vice President of Marketing at Air Lease Corporation.
  • About Air Lease Corporation (NYSE: AL)
    ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.

Helios Technologies Appoints New President of CVT

Monday, June 7, 2021 - 1:30pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210607005179/en/
    Mr. Morgan joined Helios Technologies in 2018 in the position of Vice President of Global Tax.
  • He became Senior Vice President and Managing Director of CVT in November 2020 where he has been responsible for managing CVTs global operations.
  • Josef Matosevic, President and Chief Executive Officer of Helios Technologies, commented, Among our shared values is developing and leveraging the deep talent that is within the Helios organization and establishing an optimal structure that will be the force multiplier for effective execution of our augmented strategy.
  • Mr. Morgan commented, I am humbled by the opportunity to guide the incredibly talented global CVT team here at Helios.