Air

Aero Secures $65M in Series B Financing to Accelerate the Future of Premium Air Travel

Retrieved on: 
Thursday, August 18, 2022 - 5:00pm

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220818005095/en/
    Inspired by the golden age of aviation and designed for modern life, Aero is redefining semi-private air travel.
  • Aero serves premium leisure travelers through private terminals, enriching the experience with personalized Concierge services - from booking to touchdown.
  • Series B funding will be used to drive the companys global market expansion and to further answer increased demand on existing routes.
  • Aero acts as public charter operator and indirect air carrier under Part 380 of the U.S. Department of Transportation Public Charter Regulations.

July Year-Over-Year U.S. Travel Agency Air Ticket Sales Increase 69%

Retrieved on: 
Thursday, August 18, 2022 - 4:00pm

Airlines Reporting Corp. (ARC) today released data showing ARC-accredited travel agency air ticket sales totaling $6.8 billion in July 2022, a 69% year-over-year increase from July 2021.

Key Points: 
  • Airlines Reporting Corp. (ARC) today released data showing ARC-accredited travel agency air ticket sales totaling $6.8 billion in July 2022, a 69% year-over-year increase from July 2021.
  • * The average U.S. round-trip air travel ticket price was $555 in July 2022, up 21% from July 2021 and 8% lower than June 2022.
  • Results are based on monthly sales data ending July 31, 2022, from 10,657 U.S. retail and corporate travel agency locations, satellite ticket printing offices and online travel agencies.
  • The average ticket price (USD) is for a round-trip ticket settled through ARC for an itinerary that included only U.S. domestic travel.

Balfour Beatty, LINXS Constructors Tops Out Sixth and Final LAX People Mover Station with Structural Steel

Retrieved on: 
Thursday, August 18, 2022 - 2:28pm

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220818005471/en/
    Signing the last structural station steel beam prior to it being hoisted into place.
  • LINXS Constructors began foundation placement at the West CTA site in February 2022, following months of enabling work.
  • Congratulations to the LINXS Constructors team for reaching another monumental milestone on the LAX Automated People Mover project, said Brian Cahill, Balfour Beatty president in California.
  • LINXS Constructors continues work on four other APM stations:
    At the Center CTA station, roofing operations continue following the topping out of structural steel in late May 2022.

Insights on the Aircraft Electrification Global Market Research Report to 2027 - Favorable Governmental Initiatives and Investments for Electrical Military Aircrafts Presents Opportunities - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 18, 2022 - 1:14pm

What are the inhibiting factors and impact of COVID-19 shaping the Global Aircraft Electrification Market during the forecast period?

Key Points: 
  • What are the inhibiting factors and impact of COVID-19 shaping the Global Aircraft Electrification Market during the forecast period?
  • Which are the products/segments/applications/areas to invest in over the forecast period in the Global Aircraft Electrification Market?
  • What is the market share of the leading vendors in the Global Aircraft Electrification Market?
  • What modes and strategic moves are considered suitable for entering the Global Aircraft Electrification Market?

IonQ, Airbus Sign Agreement to Collaborate on Aircraft Loading Project using Quantum Computing

Retrieved on: 
Thursday, August 18, 2022 - 1:00pm

IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced a collaboration with Airbus to explore the potential application and benefits of quantum computing for aerospace services and passenger experiences.

Key Points: 
  • IonQ (NYSE: IONQ), an industry leader in quantum computing, today announced a collaboration with Airbus to explore the potential application and benefits of quantum computing for aerospace services and passenger experiences.
  • The Quantum Aircraft Loading Optimization & Quantum Machine Learning project will be a 12-month project that culminates in the development of a prototype aircraft-loading quantum application, hands-on collaboration and coaching sessions for Airbus developers and engineers, and an exploration of future integrations of quantum computers for Airbus and its customers.
  • Looking long-term, Airbus hopes to use quantum algorithms to improve other areas of air travel, including reduced fuel consumption, better aerodynamics, and optimized trajectories.
  • "We are very excited to explore IonQ's capabilities to utilize the potential of quantum computing to achieve these targets.

Schneider named a Top 100 Third-Party Logistics Provider for 27th consecutive year

Retrieved on: 
Thursday, August 18, 2022 - 2:00pm

Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, has been named a 2022 Top 100 Third-Party Logistics Provider (3PL) by Inbound Logistics.

Key Points: 
  • Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, has been named a 2022 Top 100 Third-Party Logistics Provider (3PL) by Inbound Logistics.
  • Working with Schneider, customers can outsource logistics and transportation needs and benefit from leading supply chain solutions.
  • Inbound Logistics is a prominent resource for businesses seeking to learn how third-party logistics providers can help improve service, manage costs and hone execution.
  • This year, the editors at Inbound Logistics reviewed over 300 companies to determine which would be named within the top 100.

AccessFares Partners with Datamatics to Enhance Customer Experience for Their Premium International Airfare Services

Retrieved on: 
Thursday, August 18, 2022 - 11:23am

With this partnership, Datamatics aims to enhance customer experience by managing the premium international airfare services and help create value across the entire air-ticketing, invoicing & billing process.

Key Points: 
  • With this partnership, Datamatics aims to enhance customer experience by managing the premium international airfare services and help create value across the entire air-ticketing, invoicing & billing process.
  • As a part of the project, Datamatics will also implement query handling & resolution related to Ancillary Customer Services.
  • Datamatics (BSE: 532528 | NSE: DATAMATICS) a Digital Technologies, Operations and Experiences company that provides intelligent solutions for data-driven businesses to increase productivity and enhance the customer experience.
  • Datamatics services global customers across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing.

AeroVironment Acquires Planck Aerosystems, a Leading Provider of Advanced Unmanned Aircraft Navigation Solutions

Retrieved on: 
Wednesday, August 17, 2022 - 9:10pm

AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, announced today it has acquired Planck Aerosystems, Inc. (Planck), a leading provider of advanced unmanned aircraft navigation solutions.

Key Points: 
  • AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, announced today it has acquired Planck Aerosystems, Inc. (Planck), a leading provider of advanced unmanned aircraft navigation solutions.
  • View the full release here: https://www.businesswire.com/news/home/20220815005622/en/
    Planck Aerosystems advanced flight autonomy and navigation solutions will be deployed and integrated with AeroVironments existing portfolio of intelligent, multi-domain robotic systems, such as JUMP 20 medium unmanned aircraft systems.
  • (Image: AeroVironment, Inc.)
    Founded in 2014, Planck has worked closely with customers from the U.S. Department of Defense, security agencies, allied governments and offshore industrials to develop customer-centric unmanned aircraft solutions.
  • Plancks products include embedded technologies and fully integrated unmanned aircraft systems (UAS) and leverage their deep technical expertise in UAS guidance and navigation, autonomy and artificial intelligence.

Europe Ground Support Equipment Market Report 2022-2028: Increase in the Number of Airports & Terminals Being Constructed & a Rise in Air Traffic to Drive Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 17, 2022 - 4:49pm

The "Europe Ground Support Equipment Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Europe Ground Support Equipment Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
  • This report on the ground support equipment market in Europe estimates that the industry would grow in terms of revenue, with a CAGR of 11.53% over the forecast period 2022-2028.
  • In Germany, the notable expansion of airport infrastructure to support the surging traffic of air passengers across airports is expected to drive the growth of the ground support equipment market.
  • The ground support equipment market in Russia is also growing steadily due to the ever-growing demand for high-quality ground support equipment from leading airports.