Learjet

Intermap Wins Major Indonesian Mapping Contract

Retrieved on: 
Tuesday, January 23, 2024

DENVER, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced it has won a $20 million contract to map the Island of Sulawesi, Indonesia in 2024 (the “Contract”). The Contract is the first phase of the Indonesian national topographic basemap program to create a national digital basemap as part of the One Map program backed by Presidential Decree. Under the One Map program’s approved technical specifications, the government will collect airborne IFSAR-derived elevation data and cloud-free radar imagery for the entire country at resolutions suitable for 1:5,000 scale mapping. The first phase awarded today represents 10% of the country’s land area and 10% of the One Map program. Work on the remaining 90% is expected over the subsequent four years.

Key Points: 
  • The Contract is the first phase of the Indonesian national topographic basemap program to create a national digital basemap as part of the One Map program backed by Presidential Decree.
  • Together, the companies provide an unparalleled mapping solution for this first phase of the Indonesian national mapping program and future work under the One Map program.
  • “This major contract in Indonesia highlights the value of our decades of experience, commercialization expertise and technological development,” said Patrick A. Blott, Intermap Chairman and CEO.
  • IFSAR technology is the only mapping solution that offers cloud-penetrating and foliage-penetrating capabilities at the resolutions required to achieve 1:5,000 scale mapping.

CAE's CEO Marc Parent to be inducted as a Living Legend of Aviation

Retrieved on: 
Thursday, January 11, 2024

MONTREAL, Jan. 11, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) – CAE President and Chief Executive Officer Marc Parent will be inducted as a Living Legend of Aviation during the organization's annual gala on January 19, 2024.

Key Points: 
  • MONTREAL, Jan. 11, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) – CAE President and Chief Executive Officer Marc Parent will be inducted as a Living Legend of Aviation during the organization's annual gala on January 19, 2024.
  • The Living Legends of Aviation are individuals who are recognized for their exceptional contribution to the field.
  • "For as long as I can remember, I have been passionate about aviation and driven by the desire to make the world safer.
  • In 2022, Marc was inducted into Canada's Aviation Hall of Fame, named an Industry Leader of the Year by the Living Legends of Aviation, and won Aviation Week's Philip J. Klass Award for Lifetime Achievement.

Bombardier’s Highly-Acclaimed Annual Safety Standdown Conference to Explore the Concept of “Integrity in Safety”

Retrieved on: 
Monday, November 6, 2023

The 27th edition of this comprehensive three-day conference features unique learning opportunities, dynamic workshops and cutting-edge presentations by award-winning safety experts and thought leaders.

Key Points: 
  • The 27th edition of this comprehensive three-day conference features unique learning opportunities, dynamic workshops and cutting-edge presentations by award-winning safety experts and thought leaders.
  • This free safety event is open to all aviation professionals regardless of the aircraft type they operate.
  • “Aviation professionals attending this three-day event will receive essential safety advice and strategies to help them reach new heights in their professional roles.
  • Since its inception, more than 10,000 aviation professionals have attended Safety Standdown seminars worldwide, either at live events or through its webcasts.

AB Jets Achieves Hat Trick with the Addition of Three Bombardier Challenger 3500, Marking New Chapter for the Company

Retrieved on: 
Wednesday, October 18, 2023

With the acquisition, AB Jets enters the super-midsize category, embarking on an important new chapter for the company.

Key Points: 
  • With the acquisition, AB Jets enters the super-midsize category, embarking on an important new chapter for the company.
  • LAS VEGAS, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AB Jets and Bombardier announced today the acquisition by AB Jets of three Bombardier Challenger 3500 aircraft, with a contractual option to order a fourth by the end of 2023.
  • Adding the industry’s best super-midsize business jet to their fleet marks a transformational new chapter for the Argus Platinum-rated private charter company.
  • “This fleet expansion represents a milestone in AB Jets’ history,” said Andrew Bettis, Founder and Co-owner of AB Jets.

BUTLER NATIONAL CORPORATION ANNOUNCES FIRST QUARTER FISCAL YEAR 2024 FINANCIAL RESULTS

Retrieved on: 
Thursday, September 14, 2023

OLATHE, Kan., Sept. 14, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the first quarter fiscal 2024 ended July 31, 2023. 

Key Points: 
  • First quarter fiscal 2024 net income was $719 compared to a net income of $431 in the first quarter fiscal 2023.
  • First quarter fiscal 2024 operating margin was 7% compared to 11% in first quarter fiscal 2023.
  • Butler National companies, Avcon Industries, Inc., Butler Avionics and Butler National Tempe, in the Aerospace Products segment, concentrate on Learjet, Beechcraft King Air, Caravan, Gulfstream, and Cessna turbine engine aircraft, as well as electronic controls.
  • It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements.

Bombardier Introduces Advanced Avionics Upgrade for In-Service Global Aircraft Equipped with the Bombardier Vision Flight Deck

Retrieved on: 
Wednesday, August 30, 2023

New upgrade enhances situational awareness and essential visualization features, boosts safety and efficiency

Key Points: 
  • New upgrade enhances situational awareness and essential visualization features, boosts safety and efficiency
    Available for Bombardier Vision flight deck of in-service Global 5000, Global 6000, Global 5500 and Global 6500 aircraft, leveraging features introduced on in-production Global 5500 and Global 6500 aircraft
    A Global 6000 business jet is the first aircraft to receive the upgrade, which is available now at all Bombardier service centres worldwide
    MONTRÉAL, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Bombardier today introduced its new Advanced Avionics Upgrade (AAU) for the Bombardier Vision flight deck, a new avionics software and hardware enhancement that boasts the latest technology to enhance situational awareness and offer advanced visualization features.
  • Powered by Collins Aerospace and available for in-service Global 5000, Global 6000, Global 5500 and Global 6500 aircraft equipped with the Bombardier Vision flight deck, the AAU is designed to take in-service Global aircraft to the next level by providing avionics features currently available on in-production Global 5500 and Global 6500 aircraft.
  • A Global 6000 business jet is the first aircraft to receive the upgrade, which is currently being installed at the Wichita Service Centre.
  • Installation of the AAU on in-service Global aircraft is available across the complete Bombardier service centre network.

BUTLER NATIONAL CORPORATION ANNOUNCES FISCAL YEAR END 2023 FINANCIAL RESULTS

Retrieved on: 
Monday, July 31, 2023

NEW CENTURY, Kan., July 31, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the fiscal year ended April 30, 2023. 

Key Points: 
  • I am appreciative of all the Butler National Team members for their contributions in achieving the results for Fiscal Year End 2023.
  • Costs were 70% of segment total revenue in fiscal 2023, compared to 65% of segment total revenue in fiscal 2022.
  • Aerospace Products had an operating income of $65,000 in fiscal 2023 compared to an operating income of $6.2 million in fiscal 2022.
  • Costs were 40% of segment total revenue in fiscal 2023, compared to 37% of segment total revenue in fiscal 2022.

Bombardier’s Certified Pre-Owned Aircraft Program Continues to Flourish, Showcases Pristine Challenger 605 Aircraft at EBACE 2023

Retrieved on: 
Monday, May 22, 2023

Customer interest in Bombardier’s CPO program is gaining momentum – and with an annual average of 460 used Bombardier aircraft transacting over the past five years, there’s a healthy pool of aircraft to bring into the program.

Key Points: 
  • Customer interest in Bombardier’s CPO program is gaining momentum – and with an annual average of 460 used Bombardier aircraft transacting over the past five years, there’s a healthy pool of aircraft to bring into the program.
  • “Bombardier customers wanted a certified option beyond the traditional pre-owned aircraft offering and our new CPO program certainly delivers on this premise,” said Paul Sislian, Executive Vice President, Bombardier Aftermarket Services and Strategy.
  • And under Bombardier’s Smart Services coverage programs, customers receive turnkey solutions consistent with the program available for new aircraft buyers.
  • Confirming Bombardier’s Certified Pre-Owned aircraft program is gaining traction, it is now fully recognized by appraisal authorities such as Aircraft Bluebook, Vref, and AircraftPost, who now report CPO aircraft in a distinct category from other pre-owned aircraft.

Bombardier Reports Positive Adjusted Net Income, Grows Revenues and Expands Profit Margins in First Quarter of 2023

Retrieved on: 
Thursday, April 27, 2023

MONTRÉAL, April 27, 2023 (GLOBE NEWSWIRE) -- Bombardier (BBD.B TO) reported today its financial results for the first quarter of 2023, reflecting continued progress on all business fundamentals and performance on track toward reaching 2023 full-year guidance.

Key Points: 
  • First quarter 2023 adjusted Earnings per share (EPS)(3) turns positive at $1.06 and diluted EPS(4) of $2.98.
  • Reported cash flow usage from operating activities(4) for the quarter was $162 million and net additions to PP&E and intangible assets(4) for the quarter were $85 million.
  • The adjusted EBIT(2) totaled $138 million in the first quarter of 2023, up 89% compared to the same quarter last year.
  • First quarter of 2023 adjusted EPS(3) was $1.06 compared to a loss of $0.80 per share for the same quarter of 2022.

SpeedBird and Northern Jet Management to Merge, Becoming One of The Top 20 Private Jet Operators in the United States

Retrieved on: 
Thursday, March 30, 2023

This move brings together two talented teams and increases the combined company's fleet to accelerate expansion to more destinations throughout the United States and internationally.

Key Points: 
  • This move brings together two talented teams and increases the combined company's fleet to accelerate expansion to more destinations throughout the United States and internationally.
  • The pending transaction, which will close in second quarter 2023, brings the combined company's revenue to more than $110 million.
  • "Through this combination with Northern Jet, we are now positioned to become one of the top 20 private jet operators in the United States," said Chris Bull, founder and chief executive officer of SpeedBird who serves as CEO of the combined company.
  • Logging more than 20,000 flight hours annually, it is one of the busiest private aviation companies in the United States.