FBO

Investing in the Electric Aircraft Revolution

Retrieved on: 
Wednesday, April 3, 2024
Aircraft, EPS, Airbus CityAirbus, Transport, CAE Inc., Eye, CAE, Nextgen, USD, Pratt & Whitney, Partnership, Air travel, Joby, Macquarie Infrastructure Corporation, MacDill Air Force Base, City, Lilium Jet, UAM, USSOCOM, Joby Aviation, Safety, Compound annual growth rate, KULR, Advanced Air Mobility, United States Air Force, Strategic planning, CENTCOM, EASA, Eviation Alice, Research, News, Lilium, EHang, AMC, TRS, Air Mobility Command, Spacecraft, United States Central Command, Growth, FBO, Aviation, AAM, Airline

According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.

Key Points: 
  • According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.
  • KULR Technology Group, Inc. (NYSE American: KULR), betting on the electrification of everything, will play a key role in the safety of the electric aircraft future.
  • From startups like Eviation with their Alice aircraft to major players like Airbus and their E-Fan X project, the race is on to develop viable electric planes.
  • Some smaller electric aircraft are already taking to the skies for test flights ."

Willis Lease Finance Corporation Welcomes Colm Barrington to its Board of Directors

Retrieved on: 
Friday, April 5, 2024
Tax, Growth, Aer Lingus, University college, Part, Knowledge, GE Capital Aviation Services, COVID-19, FBO, Sale, Aviation, Acquisition, FLY Leasing, Security (finance), BBAM, University College Dublin, Babcock & Brown, GECAS, Aircraft, WLFC, Economics, Guinness Peat Aviation, Airline

COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Colm Barrington to its Board of Directors (“the Board”) effective April 1, 2024.

Key Points: 
  • COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Colm Barrington to its Board of Directors (“the Board”) effective April 1, 2024.
  • Mr. Barrington left his role at GECAS soon after to start his own aircraft lease management company, which later merged into Babcock & Brown Limited.
  • "We are delighted to announce the addition of Colm to our Board of Directors," stated Charles F. Willis, Founder and Executive Chairman of WLFC.
  • Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

Retrieved on: 
Tuesday, April 2, 2024
Aircraft, Midnight, Failure, Noise, ACHR, Transport, CAE Inc., Carbon, CAE, USD, Pratt & Whitney, Archery, Partnership, Air travel, Joby, PALM, Economic development, Macquarie Infrastructure Corporation, City, Lilium Jet, Joby Aviation, Safety, KULR, Advanced Air Mobility, EASA, Medicine, News, Acquisition, Adjustment, Lilium, TRS, Engineering, Dayton International Airport, Spacecraft, The Company, FBO, Aviation, Blade, Airport, Airline

It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

Key Points: 
  • It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.
  • Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly.
  • Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions.
  • Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development.

Business Jet Partners with Tegan Digital for Full Website Redesign

Retrieved on: 
Tuesday, April 9, 2024
Diamond, Copywriting, Tegan, Dallas Love Field, Business jet, FBO, ARGUS, Aviation, Platinum, Airline

DALLAS, April 9, 2024 /PRNewswire/ -- Business Jet, a premier private aviation company based out of Dallas Love Field, has partnered with local marketing agency Tegan Digital to complete a comprehensive website redesign.

Key Points: 
  • DALLAS, April 9, 2024 /PRNewswire/ -- Business Jet, a premier private aviation company based out of Dallas Love Field, has partnered with local marketing agency Tegan Digital to complete a comprehensive website redesign.
  • Over the next several months, Tegan will focus on revamping Business Jet's online presence to elevate their brand identity and modernize the digital experience.
  • Tegan will lead efforts in copywriting and design with the goal of strengthening and unifying the company's overall look and feel.
  • "Business Jet's dedication to going above and beyond for their customers is something we deeply admire and seek to emulate in our own business," said John Herrington, partner at Tegan.

Willis Lease Finance Corporation Completes Delivery of 4th ATR 72-500 Aircraft under its ConstantThrust® Engine Maintenance Program

Retrieved on: 
Thursday, March 21, 2024
Tax, Pratt & Whitney, Part, ATR, FBO, TAG Airlines, Security (finance), TAG, Aircraft, WLFC, Airline

COCONUT CREEK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) announces it has successfully delivered its fourth ATR 72-500 aircraft to Transportes Aéreos Guatemaltecos (TAG Airlines) (“TAG”) as part of its lease agreements with the airline for four ATR 72-500 aircraft.

Key Points: 
  • COCONUT CREEK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”) announces it has successfully delivered its fourth ATR 72-500 aircraft to Transportes Aéreos Guatemaltecos (TAG Airlines) (“TAG”) as part of its lease agreements with the airline for four ATR 72-500 aircraft.
  • Under the lease agreements, the aircraft are included in WLFC’s ConstantThrust® program for PW127M engines.
  • “We are thrilled to support TAG, our first regional ConstantThrust® airline partner, with a fourth aircraft delivery,” said Austin C. Willis, Chief Executive Officer of WLFC.
  • Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.

Lilium and Atlantic Aviation Unite to Electrify Regional Air Mobility Across the U.S.

Retrieved on: 
Wednesday, March 13, 2024
Partnership, Air travel, Travel, FBO, Macquarie Infrastructure Corporation, Transport, Eye, City, Lilium Jet, Atmosphere, Sustainability, Advanced Air Mobility, Strategic planning, Airline

This strategic partnership will work to ensure seamless compatibility between the Lilium Jet and Atlantic's network of aviation assets across North America, enabling Advanced Air Mobility operations at current and future locations.

Key Points: 
  • This strategic partnership will work to ensure seamless compatibility between the Lilium Jet and Atlantic's network of aviation assets across North America, enabling Advanced Air Mobility operations at current and future locations.
  • Atlantic operates sites at more than 30 airport locations within Lilium’s planned launch markets in Florida, Southern California, the Northeast corridor, and Texas.
  • Lilium and Atlantic will focus on infrastructure deployment and operations, with an eye toward passenger experience, at existing and upcoming sites.
  • This MOU follows several partnerships between Lilium and other providers globally, as well as the commencement of production of the Lilium Jet late last year.

World Kinect Corporation Announces Sale of the Avinode Group and Portfolio of Aviation Software Products for approximately $200 million

Retrieved on: 
Tuesday, March 12, 2024
Other Transport, Rail, Maritime, Air, Other Energy, Transport, Utilities, Oil, Gas, Logistics, Supply Chain Management, Alternative Energy, Energy, Hearst Communications, Webcast, FBO, Sale, Aviation, JW Marriott Essex House, WKC, Avinode Group

World Kinect Corporation (NYSE: WKC) announced today it has signed a definitive agreement to sell the Avinode Group, the world’s leading air charter sourcing platform, and its portfolio of aviation FBO software products to CAMP Systems International, Inc., a wholly owned subsidiary of Hearst, for approximately $200 million in cash.

Key Points: 
  • World Kinect Corporation (NYSE: WKC) announced today it has signed a definitive agreement to sell the Avinode Group, the world’s leading air charter sourcing platform, and its portfolio of aviation FBO software products to CAMP Systems International, Inc., a wholly owned subsidiary of Hearst, for approximately $200 million in cash.
  • “This sale represents another step in sharpening our portfolio, all while generating a solid return,” said Michael J. Kasbar, Chairman and Chief Executive Officer.
  • At the event, World Kinect leaders will also discuss the Company’s growth strategy and financial outlook, including medium-term financial targets to drive attractive long-term shareholder returns.
  • Participants can access the live webcast or participate in person by registering using the following link https://irday.worldkinect.com/registration .

SkyShare Unveils SkyShare SFX+, Groundbreaking Heavy Jet Fractional Ownership Program

Retrieved on: 
Wednesday, April 3, 2024
Gulfstream IV, Aircraft, Friends, Growth, Operation (mathematics), Travel, Citation, FBO, CFOS, Airline

This unique feature allows owners to tailor their flying experience to each journey's specific needs without the burden of complicated interchange formulas.

Key Points: 
  • This unique feature allows owners to tailor their flying experience to each journey's specific needs without the burden of complicated interchange formulas.
  • At the core of the SkyShare SFX+ innovation is a revolutionary day-based ownership model.
  • "We flipped the traditional model at SkyShare, starting with the customer experience and working backwards," states Cory Bengtzen, CEO and visionary behind SkyShare.
  • For more information about SkyShare SFX+ and other services offered by SkyShare, please visit www.skyshare.com .

Jet|Fly Aviation Takes Flight as Fixed-Based Operator at Fort Lauderdale Executive Airport

Retrieved on: 
Thursday, March 21, 2024
Aircraft, FXE, Health, Fort Lauderdale, Florida, Partnership, FBO, Aviation, Acquisition, Fort Lauderdale Executive Airport, Housing, Multimedia, Luxury, Airline

FORT LAUDERDALE, Fla., March 21, 2024 /PRNewswire-PRWeb/ -- Fueling Florida's record-breaking economic climb, Fort Lauderdale Executive Airport (FXE) is soaring to new heights with Jet|Fly Aviation as a fixed-based operator (FBO).

Key Points: 
  • Jet|Fly Aviation offers unmatched service and competitive fuel prices as Fort Lauderdale Executive Airport's newest FBO.
  • FORT LAUDERDALE, Fla., March 21, 2024 /PRNewswire-PRWeb/ -- Fueling Florida's record-breaking economic climb, Fort Lauderdale Executive Airport (FXE) is soaring to new heights with Jet|Fly Aviation as a fixed-based operator (FBO).
  • Adam Gurewicz, Jet|Fly Aviation's Chief Business Development Officer
    Since its founding, Jet|Fly Aviation has established itself as an aviation leader.
  • "Earning the designation of FBO at Fort Lauderdale Executive Airport is a tremendous honor," said Austin Owens, Founder and CEO of Jet|Fly Aviation.

Willis Sustainable Fuels (UK) Limited Approved for Construction of Sustainable Aviation Fuel (“SAF”) Refinery at Teesworks, UK

Retrieved on: 
Tuesday, March 5, 2024
Aircraft, WLFC, Aviation, Limited, Department for Transport, Part, FBO, SAF, COVID-19, Corporate development, Tax, Security (finance), Renewable energy

Recently, the project was awarded a £4.721M grant from the UK Department for Transport (“DfT”) Advanced Fuels Fund competition in support of its commitment to meet the growing demand for sustainable aviation solutions and contribute to a collective effort towards a more sustainable future for global aviation.

Key Points: 
  • Recently, the project was awarded a £4.721M grant from the UK Department for Transport (“DfT”) Advanced Fuels Fund competition in support of its commitment to meet the growing demand for sustainable aviation solutions and contribute to a collective effort towards a more sustainable future for global aviation.
  • "We're poised to dive into action, collaborating closely with our partners at Teesworks to bolster the UK’s SAF pipeline."
  • We are grateful for our partners at Teesworks and the DfT for supporting the advanced fuels sector,” said Stephanie Sutherland, WLFC’s Director of Corporate Development.
  • Willis Sustainable Fuels (UK) Limited's Carbonshift PtL process is targeted to produce SAF that can be seamlessly blended with conventional jet fuel for immediate use with existing commercial aircraft engines.