Aeronautics

Capstone Partners Strengthens Industry Coverage for 2024 with Additional Agriculture and Industrial Technology Expertise

Retrieved on: 
Tuesday, February 6, 2024

Dana joins Capstone from Drake Star Partners, a middle market investment banking firm in New York, where he was a Partner and led the firm's Industrial Technology practice.

Key Points: 
  • Dana joins Capstone from Drake Star Partners, a middle market investment banking firm in New York, where he was a Partner and led the firm's Industrial Technology practice.
  • Dana commented, "I am thrilled to join Capstone and expand its coverage in the Industrial Technology Industry.
  • Peter Nam, Head of the firm's Industrial Technology Group, added, "We are extremely excited that Steven Dana has joined our team.
  • Capstone is well positioned to respond to important trends affecting today's Agriculture industry, including vertical integration, consolidation, and generational transfers."

AgEagle Aerial Systems Appoints Chairman Grant Begley as Interim CEO

Retrieved on: 
Tuesday, January 16, 2024

WICHITA (Kan.), Jan. 16, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of full stack drone, sensors and software solutions for customers worldwide in the commercial and government verticals, today announced the appointment of Company Chairman Grant Begley to Interim Chief Executive Officer position, effective January 1, 2024. 

Key Points: 
  • WICHITA (Kan.), Jan. 16, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of full stack drone, sensors and software solutions for customers worldwide in the commercial and government verticals, today announced the appointment of Company Chairman Grant Begley to Interim Chief Executive Officer position, effective January 1, 2024.
  • Commenting on the appointment, Begley stated, “I am honored to lead the Company marked by its deep Unmanned Aerial System (“UAS”) technology heritage.
  • An active Board member of Vaya Space since 2015, Grant also served as the vortex-hybrid rocket company’s CEO from 2018 through 2022.
  • AUVSI is the global leader for enhancing the advancement of uncrewed, robotic and autonomous systems for the benefit of humanity, the environment and economy.

Horizon Aircraft Announces Board of Directors for Post-Merger Public Company

Retrieved on: 
Tuesday, January 2, 2024

TORONTO, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Robinson Aircraft Ltd., doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, which previously announced that it would become a public company via a business combination with publicly-traded special purpose acquisition company, Pono Capital Three, Inc. (“Pono”)(Nasdaq: PTHR), today announced its Board of Directors, effective at the closing of its business combination.

Key Points: 
  • ~ Board Announced in Anticipation of January 2024 Merger Between Horizon Aircraft and Pono Capital Three, Inc. ~
    TORONTO, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Robinson Aircraft Ltd., doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, which previously announced that it would become a public company via a business combination with publicly-traded special purpose acquisition company, Pono Capital Three, Inc. (“Pono”)(Nasdaq: PTHR), today announced its Board of Directors, effective at the closing of its business combination.
  • The post-merger Horizon Aircraft Board of Directors will be led by Brandon Robinson, Founder and Chief Executive Officer of Horizon and is comprised of five (5) directors that bring considerable field operations, corporate governance and executive management experience across the aviation and technology sectors.
  • Brandon Robinson, Founder, Chief Executive Officer and Chairman of Horizon Aircraft commented, “We are grateful to have inspired both experienced public and private company executives to help shape the trajectory of Horizon Aircraft.
  • I look forward to working in partnership with this elite group to continue the development of our groundbreaking technology.”
    The composition of the post-merger Horizon Aircraft Board of Directors includes:
    Brandon is the co-founder and CEO of Horizon Aircraft.

Electra Welcomes Industry Veterans Dr. Alejandra Uranga and Tom Clancy To Key Leadership Positions

Retrieved on: 
Wednesday, December 13, 2023

MANASSAS, Va. , Dec. 13, 2023 /PRNewswire/ -- Electra.aero, Inc., (Electra) is pleased to announce the appointment of Dr. Alejandra Uranga as Chief Engineer, Research and Future Concepts and Tom Clancy as a member of the Electra Board.

Key Points: 
  • MANASSAS, Va. , Dec. 13, 2023 /PRNewswire/ -- Electra.aero, Inc., (Electra) is pleased to announce the appointment of Dr. Alejandra Uranga as Chief Engineer, Research and Future Concepts and Tom Clancy as a member of the Electra Board.
  • "Alejandra and Tom bring recognized expertise to Electra at an exciting time in the development of our eSTOL aircraft," said John S. Langford, Founder and CEO of Electra.aero.
  • Dr Alejandra Uranga is an expert in aerodynamics, novel aircraft design, and integrated propulsion systems for sustainable aviation.
  • Clancy earned a Bachelor of Science degree in Electrical Engineering from MIT and is a senior member of the American Institute of Aeronautics and Astronautics (AIAA).

INGENIO Aerospace Appoints First-Ever Chief Operating Officer

Retrieved on: 
Wednesday, December 13, 2023

MONTREAL, Dec. 13, 2023 /PRNewswire-PRWeb/ -- INGENIO Aerospace (INGENIO), a leader in innovative product design and manufacturing for business, commercial and military aviation, today announced the appointment of Simon Lafrenière as Chief Operating Officer (COO).

Key Points: 
  • Simon Lafrenière brings 20+ years of experience in business aviation, technology and leadership to a new role
    MONTREAL, Dec. 13, 2023 /PRNewswire-PRWeb/ -- INGENIO Aerospace (INGENIO), a leader in innovative product design and manufacturing for business, commercial and military aviation, today announced the appointment of Simon Lafrenière as Chief Operating Officer (COO).
  • "Simon's appointment as COO marks a significant milestone in our journey towards global leadership in aerospace innovation.
  • "We are very pleased to welcome Simon to the INGENIO team," says James Bell, President and CEO, INGENIO.
  • "I am proud to be joining a company that stands at the forefront of aerospace product design excellence," adds Simon Lafrenière, COO, INGENIO.

KinectAir Names Aviation Leader Katie Buss and Tech Entrepreneur Ben Howard Co-CEOs

Retrieved on: 
Thursday, November 2, 2023

VANCOUVER, Wash., Nov. 2, 2023 /PRNewswire-PRWeb/ -- KinectAir, the digital platform that's opening the skies and delivering on-demand private air travel to more people than ever before, today announced the appointment of new co-CEOs. Aviation expert and retired U.S. Air Force Colonel Katie Buss and technology entrepreneur Ben Howard are helming the company jointly. Previously Buss served as KinectAir's COO and Howard as co-founder and CTO. Former CEO and co-founder Jonathan Evans continues to serve KinectAir as board chair.

Key Points: 
  • Aviation expert and retired U.S. Air Force Colonel Katie Buss and technology entrepreneur Ben Howard are helming the company jointly.
  • Previously Buss served as KinectAir's COO and Howard as co-founder and CTO.
  • Buss' new responsibilities focus on the aviation sector, industry relationships, growth, and safety and regulatory matters.
  • "Now is the right time for Katie and Ben to take the leadership yolk and scale KinectAir, as we have long planned," said Evans.

Boeing, NASA, United Airlines To Test SAF Benefits with Air-to-Air Flights

Retrieved on: 
Thursday, October 12, 2023

Boeing's second ecoDemonstrator Explorer , a 737-10 destined for United Airlines, will fly with 100% SAF and conventional jet fuel in separate tanks and alternate fuels during testing.

Key Points: 
  • Boeing's second ecoDemonstrator Explorer , a 737-10 destined for United Airlines, will fly with 100% SAF and conventional jet fuel in separate tanks and alternate fuels during testing.
  • For example, tests will assess how SAF affects the characteristics of contrails, the persistent condensation trails produced when airplanes fly through cold, humid air.
  • While their full impact is not yet understood, some research has suggested certain contrails can trap heat in the atmosphere.
  • United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol "UAL".

Servotronics, Inc. Names New Sales & Marketing Director

Retrieved on: 
Wednesday, August 16, 2023

ELMA, N.Y., Aug. 16, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT), a designer and manufacturer of servo-control components and other advanced technology products, today announced that it has strengthened its sales and marketing team with the hiring of Francisco Tizón as Director of Sales & Marketing.

Key Points: 
  • ELMA, N.Y., Aug. 16, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT), a designer and manufacturer of servo-control components and other advanced technology products, today announced that it has strengthened its sales and marketing team with the hiring of Francisco Tizón as Director of Sales & Marketing.
  • Mr. Tizón joins Servotronics with over 30 years of experience managing global sales, services, program management and commercial functions with the world's power and engine market leaders.
  • Reporting directly to Servotronics' Chief Executive Officer William F. Farrell, Jr., Mr. Tizón will be leading the effective execution of the Company's sales strategy through both existing and new business channels in key end markets.
  • He will also elevate the Company's marketing initiatives by engaging in new channel marketing strategies.

Impact Venture Capital Portfolio Company, Alef, Reports Pre-Orders of $750M Worth of Flying Cars

Retrieved on: 
Tuesday, August 15, 2023

SANTA MATEO, Calif., Aug. 15, 2023 /PRNewswire/ -- Alef Aeronautics, a sustainable mobility company that is designing and developing a flying car, announced today that it reached 2,500 pre-orders representing $750,000,000 in revenue upon delivery. This includes 2,100 deposits from individuals, and B2B agreements with businesses for sale of 400 cars, including an agreement with a California car dealership.

Key Points: 
  • This includes 2,100 deposits from individuals, and B2B agreements with businesses for sale of 400 cars, including an agreement with a California car dealership.
  • Pre-orders were opened on the same day on company's website https://alef.aero/preorder.html
    Alef's flying car is 100% electric, drivable on public roads and has vertical takeoff and landing capabilities.
  • "We're excited to see such strong initial demand for the Alef flying car.
  • Jim and the Alef team have achieved impressive milestones in this nascent industry, including the recent special FAA certification," said Eric Ball, Founding General Partner at Impact Venture Capital.

Study Offers Objective Insights to Near-Miss Collisions Between Drones, Airplanes

Retrieved on: 
Tuesday, July 25, 2023

DAYTONA BEACH, Fla., July 25, 2023 /PRNewswire-PRWeb/ -- Researchers have developed a new way to accurately count and objectively analyze close encounters between drones and airplanes — without depending solely on pilot sightings.

Key Points: 
  • Now, Embry-Riddle Aeronautical University researchers have devised an objective way to gather detailed information about NMACs between drones and airplanes.
  • Researchers combined that information with ADS-B (automatic dependent surveillance-broadcast), as well as Mode S messages transmitted by airplanes and tracked by the OpenSky Network.
  • "The findings from this study provide objective data for operators, government agencies and airlines to understand sUAS operations better and prevent possible conflicts."
  • For those drone operators who comply with the requirement, Wallace noted, "RID signals should further enhance objective information about near-miss encounters between drones and airplanes."