Aircraft

Warner Robins Air Logistics Complex Turns to Machina Labs for On Premise, Rapid Manufacturing of Aircraft Parts

Retrieved on: 
Wednesday, April 3, 2024
Data Management, Automotive Manufacturing, Aerospace, Technology, Manufacturing, Robotics, Software, Military, Artificial Intelligence, Government Technology, Defense, Titanium, Machina, Running, AI, WR, Aircraft, Atmosphere of Earth, Ageing, 3D printing

Machina Labs , which combines AI and robotics to rapidly manufacture advanced composite and metal products, today announced that the Warner Robins Air Logistics Complex (WR-ALC) at Robins Air Force Base is the first organization in the U.S. Air Force to utilize the company’s innovative Deployable System capable of manufacturing parts for repair and sustainment on various aircraft platforms.

Key Points: 
  • Machina Labs , which combines AI and robotics to rapidly manufacture advanced composite and metal products, today announced that the Warner Robins Air Logistics Complex (WR-ALC) at Robins Air Force Base is the first organization in the U.S. Air Force to utilize the company’s innovative Deployable System capable of manufacturing parts for repair and sustainment on various aircraft platforms.
  • Combining the power of AI and robotics with unparalleled portability, Machina Labs’ Deployable System enables WR-ALC to increase on-site production manufacturing for parts that have been difficult to source or are no longer being manufactured for aging aircraft.
  • Robins Air Force Base, located 100 miles south of Atlanta and 16 miles south of Macon, is the largest single-site industrial complex in Georgia, employing almost 24,000 civilians, contractors, and military members.
  • Machina’s technology allows Robins Air Force Base to overcome these challenges and rapidly begin producing parts immediately after setting up the Deployable System and at a lower cost than traditional methods.

Avolon Q1 Business Update

Retrieved on: 
Thursday, April 4, 2024
Other Professional Services, Other Manufacturing, Finance, Professional Services, Air, Aerospace, Transport, Manufacturing, Sale, Aircraft

Avolon, a leading global aviation finance company, issues an update for the first quarter (‘Q1’) of 2024.

Key Points: 
  • Avolon, a leading global aviation finance company, issues an update for the first quarter (‘Q1’) of 2024.
  • Executed 39 lease transactions comprising new aircraft leases, follow-on leases and lease extensions;
    Delivered 9 new aircraft and transitioned 3 aircraft to a total of 7 customers;
    Sold 9 aircraft and entered letters of intent for the sale of a further 17 aircraft;
    Entered into letters of intent for the sale and leaseback of 7 aircraft;
    Added 3 new customers, giving a total of 145 airline customers operating in 64 countries; and,
    Ended the quarter with an owned and managed fleet of 577 aircraft, with total orders and commitments for 456 fuel-efficient, new technology aircraft.
  • Raised US$1.4 billion of unsecured debt capital, comprised of:
    US$1.15 billion senior unsecured notes due 2029, and
    US$250 million unsecured term loan due 2026.

JetBlue Expands Transatlantic Service to Paris With Launch of Daily Nonstop Flight From Boston

Retrieved on: 
Thursday, April 4, 2024
Air, Transport, Transportation, Vacation, Destinations, Travel, Tea, DIG, Caraá, Sport, Tuft, DHG, Partnership, Coffee, Legacy Recordings, Terminal, Sale, News, JetBlue Mint, A321, A321LR, Carbon, Plus ultra, Wine, Investment, JetBlue, Tuft & Needle, TrueBlue, Restaurant, Atmosphere, CDG, Aircraft, Fortification, Beer, BOS, Paris Agreement, Economics, Television, SAF, Airline

The A321 - offering the range of a wide-body but with the economics of a single-aisle aircraft- allows JetBlue to effectively disrupt the transatlantic market with the airline’s award-winning service and low fares.

Key Points: 
  • The A321 - offering the range of a wide-body but with the economics of a single-aisle aircraft- allows JetBlue to effectively disrupt the transatlantic market with the airline’s award-winning service and low fares.
  • Charles de Gaulle airport is Europe’s second busiest international airport, serving more than 76 million travelers in 2019.
  • Through this strategy, JetBlue’s goal is to reach net zero carbon emissions by 2040, ten years ahead of broader industry targets.
  • JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan.

TELUS International Announces Fuel iX Beta Program, an Enterprise-Grade AI Engine For Bringing Generative AI to Production

Retrieved on: 
Tuesday, April 2, 2024
Accounting, Professional Services, Fintech, IOT (Internet of Things), Electronic Commerce, Apps, Applications, Technology, Artificial Intelligence, Data Analytics, Audio, Video, Finance, Consulting, Aircraft, Organization, Growth, TELUS, Trust, Telus International, Observation, AI, TSX, Multimedia, Privacy, Ix, Sales

TELUS International (NYSE and TSX: TIXT), today announced a beta release of Fuel iX, an enterprise-grade AI engine designed to help companies upgrade their generative AI (GenAI) pilots to production scale, deploy customized solutions faster, and effectively manage the technology responsibly.

Key Points: 
  • TELUS International (NYSE and TSX: TIXT), today announced a beta release of Fuel iX, an enterprise-grade AI engine designed to help companies upgrade their generative AI (GenAI) pilots to production scale, deploy customized solutions faster, and effectively manage the technology responsibly.
  • View the full release here: https://www.businesswire.com/news/home/20240402990218/en/
    “Fuel iX was created to provide enterprises with generative AI flexibility, control, productivity, and trust.
  • “TELUS has generative AI solutions in production supporting more than 30,000 users, several pilots and more than 30 new application requests.
  • To learn more about Fuel iX and the company’s suite of AI offerings, visit telusinternational.com/ .

Cyberlux Corporation (OTC: CYBL) Releases 2023 Annual Report of Financial and Operational Results

Retrieved on: 
Monday, April 1, 2024
Defense, Technology, Telecommunications, Military, Other Defense, Contracts, Aircraft, CYBL, Department of Defence, Growth, Exercise, Fraction, Corporation, Acquisition, UAS, Completeness, Annual report, DMC, Bank statement, OTC, Aircraft systems, Government

Cyberlux Corporation CEO Mark Schmidt commented on the results: “2023 proved to be a noteworthy year with the strategic restructuring of all Cyberlux business units.

Key Points: 
  • Cyberlux Corporation CEO Mark Schmidt commented on the results: “2023 proved to be a noteworthy year with the strategic restructuring of all Cyberlux business units.
  • This initiative aimed to streamline operations and enhance the company's ability to deliver high-quality products and services to our customers.
  • The company reported the operations of these subsidiaries as a discontinued operation in the 2023 and 2022 financial statements.
  • For more information, please read the full 2023 Annual Report: https://www.otcmarkets.com/otcapi/company/financial-report/396408/content .

Global Commercial Aviation Turbofan Engines Benchmark Analysis Report 2024: Comparative SWOT & Strategy Focus of the Top 4 Companies - GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - ResearchAndMarkets.com

Retrieved on: 
Friday, March 29, 2024
Aerospace, Manufacturing, Air, Transport, Engineering, Aircraft, Comparative, GE Aviation, RPK, Challenge, Pratt & Whitney, Risk, Growth, Original equipment manufacturer, Shock, MRO, Forecast, Carbon, IATA, Sustainability, MAX, PW1000, Movement, SAF, Airline

The "Top 4 Companies in the Global Commercial Aviation Turbofan Engines Market: GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - Comparative SWOT & Strategy Focus, 2024-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Top 4 Companies in the Global Commercial Aviation Turbofan Engines Market: GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - Comparative SWOT & Strategy Focus, 2024-2027" report has been added to ResearchAndMarkets.com's offering.
  • The global economy, however, is projected to be heading towards a slowdown in 2024 following continued monetary policy tightening posture by central banks globally over the recent years to check inflation.
  • However, any further, major potential shock at this time could send the global economy spiraling down into a recessionary cycle.
  • Against this backdrop, the report provides comprehensive insights into the Top 4 Global Commercial Aviation Turbofan Engine Manufacturers with focus on a blend of quantitative & qualitative analysis.

Cirium’s Airfare Data Shows Increases in Economy Airfares in 2023 in North America and Europe With a Decrease in Transatlantic Business Class Fares

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Air, Data Analytics, Transport, Aerospace, Manufacturing, Breeze Airways, Alaska Airlines, Southwest Airlines, Avelo Airlines, Tax, Spirit Airlines, Transatlantic, Bureau, Lufthansa, Aviation, Allegiant Air, Frontier Airlines, Air France, JetBlue, Aircraft, Sun Country Airlines, Delta Air Lines, Airline

Economy airfare has generally increased since 2023 in North America and Europe, but lower than the U.S. inflation rate.

Key Points: 
  • Economy airfare has generally increased since 2023 in North America and Europe, but lower than the U.S. inflation rate.
  • The average U.S. domestic airfare by the 13 airlines was $179.25 in 2023, an increase of 9% since the 2019 average of $164.63.
  • The average transatlantic economy fare in 2023 was $435.17, compared to $410.75 in 2022 and $381.08 in 2019.
  • However, Cirium data indicates that transatlantic business class airfare is 3% lower compared to 2019, with December 2023 business class fares 7% lower compared to December 2019.

Aviation and Maritime Sectors Confront Decarbonization Hurdles with Progressive Energy Transition Technologies - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 28, 2024
Environment, Green Technology, Logistics, Supply Chain Management, Environmental Policy, Environmental Issues, Environmental Health, Other Transport, Other Manufacturing, Trucking, Alternative Vehicles, Fuels, Maritime, Air, Transport, Chemicals, Plastics, Other Technology, Aerospace, Manufacturing, Climate Change, Sustainability, Technology, Alternative Energy, Energy, Automotive, Retail, Hydrogen, Carbon, CCUS, Aircraft, Climate change, Aviation, Hand, Hope, Universities Canada, Renewable energy

The urgent push for decarbonization in the heavily emitting aviation and maritime industries has given rise to a concerted focus on transitioning to cleaner energy sources.

Key Points: 
  • The urgent push for decarbonization in the heavily emitting aviation and maritime industries has given rise to a concerted focus on transitioning to cleaner energy sources.
  • This global challenge has seen significant strides with the implementation of cutting-edge energy transition technologies.
  • Hydrogen fuel and Carbon Capture, Utilization, and Storage (CCUS) technologies each play a pivotal role in the envisioned decarbonization of aviation and maritime operations.
  • Through an in-depth assessment, the report sheds light on the suitability of various energy transition technologies for different operational use-cases within aviation and maritime.

Surf Air Mobility Reports Financial Results for Fourth Quarter and Full Year Ended December 31, 2023

Retrieved on: 
Thursday, March 28, 2024
Air, Transport, Aerospace, Manufacturing, Aircraft, Microsoft, MOU, ROI, Southern Airways, Surf Air Mobility, Growth, Garmin, Partnership, Insurance, Cessna 208 Caravan, Auric Air, GAAP, Surf Air, Purdue University, Airline

Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported its fourth quarter and full year results.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported its fourth quarter and full year results.
  • Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to the accompanying earnings call at 5:00 pm eastern time.
  • Pro forma revenue of $27.4 million for fourth quarter 2023, compared to $27.7 million for the same period of the prior year.
  • Surf Air Mobility will provide full-year 2024 guidance at its Investor Day to be held on June 7, 2024, at the New York Stock Exchange.

D-Wave Reports Fourth Quarter and Year-End 2023 Results

Retrieved on: 
Thursday, March 28, 2024
Hardware, Data Management, Other Technology, Technology, Software, ELOC, Conference, Ford Otosan, Growth, LEAP, Research, Adjustment, HVAC, NEC, Traction, D-Wave, Depreciation, Aircraft, Investment, Government, Eastern Time Zone, Video game

First quarter FY24 Bookings expected to be at least $4.3 million representing a minimum 36% growth over the fourth quarter of fiscal 2023, 47% growth over the first quarter of fiscal 2023 and representing the Company’s 8th consecutive quarter of year-over-year growth in quarterly Bookings.

Key Points: 
  • First quarter FY24 Bookings expected to be at least $4.3 million representing a minimum 36% growth over the fourth quarter of fiscal 2023, 47% growth over the first quarter of fiscal 2023 and representing the Company’s 8th consecutive quarter of year-over-year growth in quarterly Bookings.
  • Revenue: Revenue for the fourth quarter of fiscal 2023 was $2.9 million, an increase of $0.5 million, or 21%, from fiscal 2022 fourth quarter revenue of $2.4 million, and an increase of $0.3 million, or 13%, from the fiscal 2023 third quarter revenue of $2.6 million, representing D-Wave's third consecutive quarter of sequential quarter-to-quarter growth in revenue.
  • Bookings1: Bookings for the fourth quarter of fiscal 2023 were $3.1 million, an increase of $0.8 million, or 34%, from fiscal 2022 fourth quarter Bookings of $2.4 million, and an increase of $0.2 million, or 8%, from the fiscal 2023 third quarter Bookings of $2.9 million, representing D-Wave’s seventh consecutive quarter of year-over-year growth in quarterly Bookings.
  • Non-GAAP Gross Margin2: Non-GAAP gross margin for the fourth quarter of fiscal 2023 was 80.2%, an increase of 7.6% from the fiscal 2022 fourth quarter Non-GAAP gross margin of 72.6%, and an increase of 4.6% from the fiscal 2023 third quarter Non-GAAP gross margin of 75.6%.