Aviation

WTW launches unique online client portal for aerospace clients

Retrieved on: 
Wednesday, January 11, 2023

LONDON, Jan. 11, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today launched a customised online platform for the aviation sector which enables access to WTW expertise across the globe on a 24/7 basis.

Key Points: 
  • LONDON, Jan. 11, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today launched a customised online platform for the aviation sector which enables access to WTW expertise across the globe on a 24/7 basis.
  • Clarity on Demand is available now to airline clients as well as other aviation-related clients and the wider industry in general.
  • John Rooley, Global Head of Aerospace, WTW, said, “We recognize there is a demand for a knowledge-sharing platform providing risk management and insurance expertise for aviation industry specialists.
  • By creating this online content for our clients, we are helping to build industry resilience as well as provide 24/7 access to our Global Aerospace community anywhere in the world.”

John M. Holmes Named Chairman of the Board of Directors of AAR CORP.

Retrieved on: 
Wednesday, January 11, 2023

Holmes joined AAR in 2001 as Director of Mergers and Acquisitions.

Key Points: 
  • Holmes joined AAR in 2001 as Director of Mergers and Acquisitions.
  • In 2018, he was named President and Chief Executive Officer of AAR, the third since the company’s founding in 1955.
  • As Chairman, Holmes will focus on strategies to drive continued growth while maintaining the Company’s strong culture and core values.
  • Storch, the second of the Company’s only three CEOs, has served as a member of the Board since 1989 and as Chairman of the Board of AAR since 2005.

Yield10 Bioscience and Mitsubishi Corporation Sign MOU to Evaluate the Establishment of a Partnership to Supply, Offtake and Market Camelina as a Feedstock Oil for Biofuel

Retrieved on: 
Wednesday, January 11, 2023

WOBURN, Mass., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Yield10 Bioscience, Inc. (Nasdaq:YTEN) (“Yield10” or the “Company”), an agricultural bioscience company, today announced that it has signed with Mitsubishi Corporation (“Mitsubishi”) a Memorandum of Understanding (“MOU”) to evaluate the establishment of a partnership to supply, offtake and market Camelina as a low-carbon feedstock oil for biofuels.

Key Points: 
  • WOBURN, Mass., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Yield10 Bioscience, Inc. (Nasdaq:YTEN) (“Yield10” or the “Company”), an agricultural bioscience company, today announced that it has signed with Mitsubishi Corporation (“Mitsubishi”) a Memorandum of Understanding (“MOU”) to evaluate the establishment of a partnership to supply, offtake and market Camelina as a low-carbon feedstock oil for biofuels.
  • Mitsubishi Corporation recently announced its aim to mass produce sustainable aviation fuel to decarbonize commercial aviation.
  • Under the MOU, the companies plan to jointly undertake a feasibility study for the supply and offtake of Camelina oil from Camelina grain grown under contract using Yield10’s proprietary Camelina seed genetics to supply oil for the sustainable aviation fuel market.
  • “Yield10 and Mitsubishi are aligned on the sustainability benefits that the Camelina crop could bring to the transportation fuels market,” said Oliver Peoples, Ph.D. President and Chief Executive Officer of Yield10 Bioscience.

High Wire Networks Secures 3-Year, $300,000 Managed Cybersecurity Services Contract Expansion for Global Aerospace Logistics Company

Retrieved on: 
Tuesday, January 10, 2023

BATAVIA, Ill., Jan. 10, 2023 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed security and technology enablement services, has secured an expanded three-year, $300,000 contract renewal to provide its Overwatch managed cybersecurity services for a global aerospace company.

Key Points: 
  • BATAVIA, Ill., Jan. 10, 2023 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed security and technology enablement services, has secured an expanded three-year, $300,000 contract renewal to provide its Overwatch managed cybersecurity services for a global aerospace company.
  • Recognizing these threats, the client expanded coverage of High Wire’s AI-powered managed extended detection and response (MXDR) cybersecurity services.
  • “This expanded engagement with a leading global aerospace company demonstrates the critical importance and effectiveness of our Overwatch services,” stated High Wire president and CEO, Mark Porter.
  • High Wire’s managed services address a global market that is expected to grow at a 13.8% CAGR to reach $680 billion by 2030.

Dassault Aviation: Resumption of Rafale deliveries to France

Retrieved on: 
Tuesday, January 10, 2023

(Saint-Cloud, France, January 10, 2023) – On 29 December 2022, Dassault Aviation’s Mérignac plant delivered Rafale B359 (F3R standard) to the Direction Générale de l’Armement (French defense procurement agency).

Key Points: 
  • (Saint-Cloud, France, January 10, 2023) – On 29 December 2022, Dassault Aviation’s Mérignac plant delivered Rafale B359 (F3R standard) to the Direction Générale de l’Armement (French defense procurement agency).
  • This event marks the resumption of Rafale deliveries to France after an interruption of four years.
  • In accordance with the various Military Programming Acts, deliveries to France were interrupted for budgetary reasons.
  • A further 27 Rafale are still to be delivered for tranche 4, plus 12 Rafale ordered by France in 2021 to make up for the 12 aircraft sold to Greece.

DBRS Morningstar: U.S. ABS 2023 Outlook

Retrieved on: 
Monday, January 9, 2023

Nonetheless, DBRS Morningstar has a stable credit rating outlook across U.S. asset-backed securities (ABS).

Key Points: 
  • Nonetheless, DBRS Morningstar has a stable credit rating outlook across U.S. asset-backed securities (ABS).
  • DBRS Morningstar credit ratings, and other types of credit opinions and reports, are no intended for Australian residents or entities.
  • The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc.
    © 2023 DBRS Morningstar.
  • The information upon which DBRS Morningstar credit ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.

Gift Cards Global Market Report 2022: High Adoption Rate of Smartphones Accelerates Demand for Gift Cards - ResearchAndMarkets.com

Retrieved on: 
Monday, January 9, 2023

The "Gift Cards Market by Type, and by End-User - Global Opportunity Analysis and Industry Forecast, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Gift Cards Market by Type, and by End-User - Global Opportunity Analysis and Industry Forecast, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
  • Also, the high adoption of e-gift cards as a promotional tool and a source of quick revenue flow for businesses like restaurants, hospitality and aviation among others fuels the demand for digital gift cards.
  • North America holds the largest market share of gift cards due to the increased e-commerce activity owing to the surging millennial and Gen Z population that is inclined towards the adoption of gift cards.
  • Also, the increased penetration of smartphones among consumers, which allows managing digital gift cards via mobile applications easily is accelerating the market demand.

AE Industrial Partners Adds Longtime Aviation and Manufacturing Leader Dev Rudra as Vice President, Portfolio Strategy and Optimization Group

Retrieved on: 
Wednesday, January 11, 2023

In this role, Mr. Rudra will be working closely with the Firm's operating partners to improve operational performance across the Firm's portfolio companies.

Key Points: 
  • In this role, Mr. Rudra will be working closely with the Firm's operating partners to improve operational performance across the Firm's portfolio companies.
  • "We're pleased to welcome Dev to our Portfolio Strategy and Optimization Group.
  • Before joining AEI, Mr. Rudra was Managing Director of GE Aviation's Singapore engine part repair and manufacturing operation.
  • He started his aviation career with Pratt & Whitney, where he developed his expertise in lean manufacturing and supply chain operations.

Retired Lieutenant General L. Neil Thurgood to Join BlueHalo Board of Advisors

Retrieved on: 
Wednesday, January 11, 2023

ARLINGTON, Va., Jan. 11, 2023 /PRNewswire/ -- BlueHalo announced today that retired United States Army Lieutenant General L. Neil Thurgood has joined the company's Board of Advisors.

Key Points: 
  • ARLINGTON, Va., Jan. 11, 2023 /PRNewswire/ -- BlueHalo announced today that retired United States Army Lieutenant General L. Neil Thurgood has joined the company's Board of Advisors.
  • BlueHalo announced today that retired Lieutenant General L. Neil Thurgood has joined the company's Board of Advisors.
  • "General Thurgood has devoted his career to maintaining our Nation's technological superiority through innovation and delivering soldier-centered solutions to our warfighters," said BlueHalo Chief Executive Officer Jonathan Moneymaker.
  • "It is an incredible honor to welcome General Thurgood to the BlueHalo team.

NATSO, SIGMA STATEMENT ON BIDEN ADMINISTRATION'S NATIONAL BLUEPRINT FOR TRANSPORTATION DECARBONIZATION

Retrieved on: 
Tuesday, January 10, 2023

ALEXANDRIA, Va., Jan. 10, 2023 /PRNewswire/ -- NATSO, representing America's travel centers and truck stops, and SIGMA: America's Leading Fuel Marketers, issued the following statement today in response to the Biden Administration's "U.S. National Blueprint for Transportation Decarbonization," which outlines the Administration's framework for cutting transportation emissions.

Key Points: 
  • ALEXANDRIA, Va., Jan. 10, 2023 /PRNewswire/ -- NATSO, representing America's travel centers and truck stops, and SIGMA: America's Leading Fuel Marketers, issued the following statement today in response to the Biden Administration's "U.S. National Blueprint for Transportation Decarbonization," which outlines the Administration's framework for cutting transportation emissions.
  • Touting sustainable aviation fuel as a "new method" for reducing transportation carbon emissions ignores the fact that it will unravel decades of existing carbon reductions in over-the-road transportation and increase fuel prices for commercial fleets.
  • The SAF tax credits established under the Inflation Reduction Act, and promoted in the Administration's blueprint, incentivize SAF production above renewable diesel and biodiesel.
  • NATSO and SIGMA, which collectively represent more than 80 percent of fuel retailers in the United States, look forward to continued discussions with the Administration on alternative fueling policies."