MOSCOW (Reuters) – A unit of Russian conglomerate Rostec said on Tuesday it was ready for an out-of-court settlement with Boeing over its order for 35 Boeing 737 MAX jets, a spokesman for Rostec’s subsidiary Avia Capital Service told Reuters.
Boeing MAX 737 jets have been grounded worldwide and airlines are cancelling multimillion contracts following crashes in October and March that killed 346 people.
Earlier on Tuesday, Rostec said its unit had filed a lawsuit in the United States to cancel its order for the 35 MAX jets. The Financial Times, which first reported the move, said Avia Capital Service gave Boeing a cash deposit of $35 million.
A spokesman for Avia Capital Service told Reuters that delivery of the jets was first scheduled for October 2019 but was moved to March 2022. The Rostec unit had paid Boeing a deposit and was suffering losses from non-delivery, he said.
“If Boeing executives show a good will, we are ready to hold talks and find a mutually-beneficial out-of-court settlement for compensation of the losses we have suffered,” he said.
He added that the jets were ordered for a number of Russian air companies, including domestic low-cost firm Pobeda, a unit of the state carrier Aeroflot.
Russia is mainly using Boeing and Airbus jets for passenger flights, with a number of domestic airlines also adding Russian-made regional Sukhoi Superjet aircraft to their fleets.
The Rostec subsidiary now wants the deposit to be returned by Boeing with interest, along with $75 million in “lost profit” and about $115 million in compensatory damages, plus “several times the amount” in punitive damages, the FT said.
Rostec declined to provide further details about the lawsuit.
(Reporting by Gleb Stolyarov; writing by Anton Kolodyazhnyy and Tom Balmforth; Editing by Sherry Jacob-Phillips/Katya Golubkova and Emelia Sithole-Matarise)
Lavish Playground Set to Shake up the Coastal Haven with Bold Design, Eclectic Programming and Oman’s First Siddharta Lounge By Buddha-Bar
MUSCAT, Oman, Aug. 26, 2019 /PRNewswire/ — Make a splash! W Hotels Worldwide, part of Marriott International Inc., today announced the opening of W Muscat, the brand’s newest beachfront W Escape and the second to open in the Middle East this year. Set against the stunning backdrop of the rugged Al Hajar Mountains, which form a stark contrast to the historic capital city’s lively waterfront, W Muscat sits at the intersection of the bustling Shatti Al Qurum area. The new hotel opens in an ideal locale to bring the W brand’s signature take on playful luxury to the serene waterfront of Oman.
Fabulous Room at the W Muscat
“Muscat is a fascinating and exciting city. Its cultural DNA honors millennia of tradition while looking to what’s new and next – an ideal match for the W brand,” said Anthony Ingham, Global Brand Leader, W Hotels Worldwide. “The arrival of W in Muscat marks a new chapter for both the brand and this buzzing metropolis. The hotel reinterprets Omani design and cultural traditions to create a modern, energetic and stylish Escape unlike anything the sultanate has seen before.”
Dive In The architectural narrative of W Muscat immerses guests in the concept of exploration and the illustrious storytelling tradition of the nomadic Bedouin traveler. Its striking design is inspired by the diverse and vibrant natural locale – from the rugged mountain range to the vast Omani desert, the sparkling bay to the azure waters of the Arabian Sea. Colorful hints of Muscat’s vibrant culture are interspersed throughout the spaces to evoke the mystery and adventure of the city’s rich heritage and storied past. W Muscat is a bold remix of traditional charm, natural beauty and the disruptive W DNA.
Welcoming guests upon arrival is a striking, nine-ton frankincense tree sculpture designed by renowned artist Pongsatat Uaiklang that pays tribute to Omani culture. Standing at an impressive 10 meters tall, the piece is made of solid stainless steel, welded from 28 winding pieces. In traditional Omani culture, frankincense was used to bless and welcome weary travelers after their long journeys. In that same tradition, guests are then ushered into the inviting Living Room (W’s signature take on the lobby) where they can relax and unwind in an Arabic Majlis, beneath an oversized installation of the Omani Kummas, chic headgears that are unmistakable marks of the Omani attire. Whether looking for a re-energizing iced tea or a cocktail, The Living Room is the perfect venue to see and be seen.
Hit Escape All of the 279 guestrooms and suites at W Muscat provide uninterrupted views of the glistening blue water, with their design drawing inspiration from the ocean as well as the asymmetrical lines of the nearby mountains, caves and desert. These are contrasted with art deco detailing, reminiscent of traditional Omani charm. Asymmetrical corridors across the floors depict an artistic theme of ‘every girl has a story’ through locally commissioned holographic artworks depicting a female perspective of power, love, peace and beauty. Designed for an extra spacious and edgy stay is the EWOW suite (the brand’s take on the traditional Presidential Suite) which features subtle Arabic characteristics with a distinctive W edge. The corner Majlis seating showcases a Zanzibar-inspired print, a nod to the Omani Kumma or headgear, set against an inviting coffee table in celebration of Arabic coffee or Qahwa. The ceiling features tilted white paneling, evoking the intimacy of relaxing inside a tent. A saddle-like leather chair, bold mustard yellow stool, and faux fur wall are inspired by horse or camelback travel. Stacked luggage trunks comprise the MIXBAR (the W spin on the minibar) while a trunk closet lined with exotic silk links back to the narrative of the nomad.
LEHIGH VALLEY, Pa., Aug. 20, 2019 /PRNewswire/ — State and local officials joined executives from Allegiant Travel Company (NASDAQ: ALGT) today as the company announced plans to establish a two-aircraft base at Lehigh Valley International Airport (ABE) in Lehigh County, Pennsylvania. Allegiant’s growth plans in the state include creating at least 66 new, high-wage jobs.
The Las Vegas-based company is investing $50 million to establish its new base of operations, which will house two Airbus aircraft. The company, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, plans to begin its base operations at Lehigh Valley International Airport on February 12, 2020. Lehigh Valley will become the airline’s 18thaircraft base.
The Lehigh Valley is a two-county region in eastern Pennsylvania consisting of 62 municipalities and three cities; Allentown, Bethlehem, and Easton. Located one hour north of Philadelphia and 90 minutes west of New York City, the Lehigh Valley is the 69th largest metropolitan region in the United States, with a $40.1 billion GDP that is larger than that of two entire states, Wyoming and Vermont. With more than 15,000 businesses contributing to an incredibly diverse industry base, Lehigh Valley is the fastest growing and third most populous region in the state of Pennsylvania, with a population of more than 670,000 residents. Site Selection named the Lehigh Valley one of the top five fastest-growing regions with under a million people in the United States in 2018, and the fastest-growing region of its size in the Northeast U.S. for a third consecutive year.
Speaking at today’s announcement were Hilarie Grey, managing director of corporate communications for Allegiant Travel Company, Tom Stoudt, executive director at LVIA, Don Cunningham, president & CEO of the Lehigh Valley Economic Development Corporation and Pennsylvania Senate Majority Appropriations Chairman Pat Browne (R-Lehigh). Senator Browne secured a state grant to help offset capital costs of the expansion at LVIA and make the Lehigh Valley airport a more attractive option for Allegiant’s growth.
“Lehigh Valley International Airport continues to be a vital asset for the Lehigh Valley and a significant driving force for our growing economy. Today’s announcement ushers in a new era of leisure and commercial travel possibilities for the airport and our region,” Senator Browne said. “I applaud Allegiant for recognizing the importance LVIA plays in air travel and for choosing to expand their presence at the airport. I commend their commitment to creating additional high-paying jobs, capital investment and potential expansion of routes along with their continued dedication to being involved partners with the community. I was pleased to work with Allegiant on this endeavor to enhance our airport and provide state financial support to ensure the Lehigh Valley was able to secure this important opportunity.”
“Lehigh Valley is a perfect location for a permanent base, which will further establish Allegiant as a hometown airline in eastern Pennsylvania,” said Keith Hansen, vice president of government affairs for Allegiant. “It has been a great area for Allegiant, where passenger demand has grown steadily over the years. As a base airport, having locally-based aircraft and crews will give us a host of options for both new service and expanded operational hours. This will mean more opportunities for affordable, convenient travel for local residents and visitors to the area.”
“Excitement is sky high throughout the Lehigh Valley with the news of an Allegiant Crew Base landing at ABE,” said Thomas R. Stoudt, Executive Director, Lehigh-Northampton Airport Authority. “Since day one, Allegiant has demonstrated a strong commitment by providing air travelers affordable options and also have supported impactful regional initiatives. Now, they’ve created employment opportunities for this region which makes your neighborhood airport a more critical economic asset.”
Allegiant began operating at ABE in 2005 and currently offers seven non-stop routes – to Fort Lauderdale, Orlando/Sanford, St. Pete-Clearwater and Punta Gorda, Florida; Myrtle Beach, South Carolina; Nashville, Tennessee and Savannah, Georgia. Allegiant currently carries more than 280,000 annual passengers through Lehigh Valley.
Allegiant, which employs more than 4,300 team members across the U.S., plans to immediately begin hiring pilots, flight attendants, mechanics and ground personnel to support the operations. The majority of the new positions are expected to offer salaries that are more than double the state’s average wage. Interested applicants may apply online.
“The convenience and success of the Lehigh Valley Airport is a critical factor in both the economic and population growth of the Lehigh Valley,” said Don Cunningham, president and CEO of the Lehigh Valley Economic Development Corp. “Allegiant Air selecting the Lehigh Valley to expand its operation and to add a large group of maintenance and flight crew employees is another indicator of the Lehigh Valley’s economic growth and the increased activity at the Lehigh Valley Airport.”
BOGOTA, Colombia, July 22, 2019 /PRNewswire/ — Avianca Holdings S.A. (NYSE: AVH) today announced that, in connection with its previously announced re-profiling plan for its capital structure, the company has temporarily deferred payments on certain long-term leases and on payment of principal on certain loan obligations. Avianca Holdings has engaged in discussions with its main strategic lenders and other creditors to establish terms that will preserve current liquidity levels and enable Avianca Holdings to advance its re-profiling plan, which is aimed at strengthening the company’s financial position. Over the last two weeks, members of Avianca Holdings’ senior management team have met with more than 50 of Avianca Holdings’ strategic lenders and other creditors with the objective of reaching an agreement on the terms and conditions of the proposed deferrals. Importantly, obligations related to Avianca Holdings’ day-to-day operations remain current, and such operations, including flight schedules and other ordinary course operations, will remain unaffected.
Avianca Holdings affirms that it is current on all existing interest obligations and that Avianca Holdings actively seeks to arrive at a mutually satisfactory agreement with its strategic lenders and other creditors for a short-term deferral of principal amortization payments, as well as extensions of its credit facilities. Avianca Holdings intends to resume scheduled principal payments once these agreements have been successfully reached, as Avianca Holdings’ proposal is for all creditors to be paid in full, including principal and interest.
In connection with its re-profiling program, Avianca Holdings today made a separate announcement regarding an exchange offer for its outstanding 8.375% Senior Notes due 2020. Avianca Holdings is current on its interest obligations with respect to its outstanding senior notes and is not otherwise in default on its outstanding 2020 Senior Notes.
Avianca Holdings has the full support in this decision of its Board of Directors. Since May 24, 2019, Kingsland Holdings, through its ownership of ordinary shares of Avianca Holdings and authority to vote the ordinary shares of Avianca Holdings owned by BRW Aviation LLC, has effective control of Avianca Holdings. As previously announced, United Airlines and Kingsland Holdings have indicated that they would be willing to offer new financing to Avianca, if required and requested, of up to $250 million, provided that certain commitments are assumed by other interested parties.
With the announced temporary suspension of principal payments, as well as the previously announced proposed financing by United Airlines and Kingsland Holdings, and the continued implementation of Avianca Holdings’ 2021 transformation plan, Avianca Holdings expects to strengthen its cash balances in the near future, at which time, Avianca Holdings will resume normal payment of its obligations. Furthermore, Avianca Holdings has stated that the outstanding 2019 Colombian Peso-denominated corporate bond issued by Aerovías del Continente Americano – Avianca S.A. is not part of the deferral program and that such bond will be paid in accordance with its terms.
About Avianca Holdings Avianca is the commercial brand that identifies the passenger, cargo transportation airlines and on ground services integrated in the Company with a team of more than 21,000 employees. The terms “Avianca Holdings” or “the Company” refer to the consolidated entity. The original source-language text of this announcement is the official, authoritative version, Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.
SHANGHAI (Reuters) – China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday.
The Guangdong Hengjian Investment Holding Corporation, the Guangzhou Urban Construction Investment Group and the Shenzhen Penghang Equity Investment Fund will each inject 10 billion yuan into the airline, as part of the country’s efforts to diversify ownership structures among state-owned firms.
The move will significantly improve the company’s debt-to-asset ratio, generate funds for its growth and help modernize its decision-making mechanisms, the announcement said.
It will also use the funds to serve its main air transportation business, pay for construction related to China’s Belt and Road Initiative and support aviation development in cities in the southern province of Guangdong.
China Southern is one of 96 enterprises owned and administered directly by the central government. Its profits slumped nearly 50% last year as a result of rising fuel costs and a weak yuan currency.
(Reporting by David Stanway; Editing by Himani Sarkar)
PEORIA, Ill., July 19, 2019 /PRNewswire/ — Pioneer Railcorp (OTC: PRRR, “Pioneer”), a railroad holding company that owns short-line railroads and several other railroad-related businesses including a railroad equipment company and a contract switching services company, today announced that its shareholders have approved the previously announced definitive merger agreement with BRX Transportation Holdings, LLC (“BRX”), an entity formed by Brookhaven Rail Partners (“Brookhaven”), Related Infrastructure (“Related”) and Stephens Capital Partners LLC (“Stephens”). The proposal to approve the merger agreement and the transactions contemplated thereby was approved with voting results as follows:
Under the terms of the merger agreement, BRX will acquire through merger all of the outstanding shares of Pioneer’s Class A common stock. Shareholders other than Heartland will receive $18.81 per share in cash and the Heartland shares will be cancelled without consideration.
Consummation of the merger remains subject to various closing conditions, including operating performance by Pioneer within a specified working capital floor and debt ceiling. Subject to satisfaction of the closing conditions, the transaction is expected to close in late July 2019. Upon closing of the transaction, Pioneer will become a wholly-owned subsidiary of BRX and its Class A common stock will cease trading on the OTC Markets.
Arnold & Porter is acting as legal advisor to BRX in this transaction. BMO Capital Markets is serving as exclusive financial advisor to Pioneer in connection with this transaction and Briggs and Morgan, P.A. is acting as Pioneer’s legal advisor.
About Pioneer Pioneer Railcorp is the parent company of 15 short-line common carrier railroad operations, an equipment leasing company, two service companies and a contract services switching company. Pioneer and its subsidiaries operate in the following states: Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kansas, Michigan, Mississippi, Ohio, Pennsylvania and Tennessee. For more information on Pioneer, please visit www.Pioneer-Railcorp.com
About Brookhaven Brookhaven Rail Partners is an affiliate of Denver-based Brookhaven Capital Partners, a privately held, real estate and infrastructure investment and management firm. Brookhaven and its principals have a 25-year track record of investing in, operating and developing critical transportation assets that support industry, and promote new economic development, community investment, and job creation. For more information on Brookhaven, please visit www.BrookhavenPartners.com
Major fleet upgrade with nine modern turboprops providing increased seat capacity, lowest operating costs and best environmental performance
Toulouse, 26 June, 2019 – TAROM, the Romanian national air carrier, will introduce nine new ATR 72-600 aircraft, the market-leading product of the world’s number one regional aircraft manufacturer, into its fleet. The ATR 72-600 will be leased from NAC, the world’s number one regional aircraft lessor. Deliveries will commence in October 2019 through to 2020.
TAROM has been very successful in its domestic market operations by using ATRs to allow it to compete with low cost carriers. This upgrade will ensure that the airline is equipped with the latest generation of turboprops burning 40% less fuel and emitting 40% less CO2 than regional jets.
New ATRs will offer TAROM an additional 330,000 seats every year at the same operating cost as its previous seat level, improving short haul connectivity in Romania and supporting the development of local and more isolated communities. This will provide TAROM with the possibility to further expand and consolidate their position in the market.
TAROM Chief Executive Officer Madalina Mezei said: “We have selected ATR after a comprehensive review of competing aircraft, with the ATR 72-600’s demonstrating they are the best aircraft to meet our ambitious targets regarding efficiency, modern technology and environmental responsibility. With this aircraft, we will be able to develop new routes and increase frequency and seat availability, whilst introducing the highest levels of comfort and the latest technology into our domestic network.”
“We are very proud to welcome TAROM as our newest customer,” said Martin Møller, Chairman of Nordic Aviation Capital “we are confident that the ATR 72-600 aircraft will ensure efficiency in their network for many years to come. We thank TAROM for the confidence they have placed in NAC, and we look forward to building and strengthening our relationship with them in the future.”
Stefano Bortoli, Chief Executive Officer of ATR commented: “TAROM is among Europe’s most experienced ATR operators. We are proud to see this long-time customer renew its partnership with the ATR 72-600, the regional aircraft with the best environmental credentials. TAROM made its selection after a vigorous evaluation and in selecting the ATR 72-600 they chose more efficiency, more flexibility and more capacity, for long-term benefits.”
TAROM and ATR have been working together for 20 years. The Romanian national airline operates a fleet of 25 aircraft, including seven ATR 42-500’s and two ATR 72-500’s which are now to be traded in for the announced nine 72-600’s.
About TAROM: The Romanian National Air Transport Company TAROM has been established in 1954 and grew at the same time as Romanian aviation. TAROM’s activity is subordinated to the authority of the Ministry of Transports. TAROM is member of the Alliance SkyTeam starting from June 2010, member of the International Air Transport Association (IATA) starting from 1993.
Partners with Airport to Debut First Self Bag Drop System
MIRAMAR, Fla., June 20, 2019 (GLOBE NEWSWIRE) — Spirit Airlines, the fastest growing airline in Las Vegas, continues its investment in the Entertainment Capital of the World with the addition of two new cities to the Spirit network: Burbank and Sacramento. On June 20, Spirit launched nonstop flights between McCarran International Airport (LAS) in Las Vegas and Hollywood Burbank Airport (BUR) and Sacramento International Airport (SMF), each running three times daily. Spirit will now have 55 daily departures from Las Vegas to 29 different destinations.
In partnership with McCarran International Airport, Spirit Airlines also debuted the airport’s first automated self-service bag drop system. Located in the ticketing concourse of Terminal 1, it allows Guests to expedite their check-in experience by paying for and tagging their own bags on the airport’s kiosks. Travelers then proceed directly to newly installed automated bag belts to present their identification and drop their bags. Automated self-service bag drop systems, widely adopted in Europe, highlight the airport and airline’s shared vision of allowing more Guests to customize and control their travel experience.
“We are pleased to partner with Spirit Airlines as we pilot this new automated self-service bag drop system at McCarran International Airport,” said Director of Aviation Rosemary Vassiliadis. “As a 100 percent common-use airport, we have a long history of introducing new, customer-focused technologies geared toward enhancing the passenger experience. We look forward to this rollout with Spirit and to expanding this service to more areas of our operation in the near future.”
“Our growth and investment in Las Vegas has been an ongoing mission for Spirit Airlines,” said Mike Byrom, Spirit Airlines’ Vice President of Airport Services. “Our partnership with McCarran International Airport to install the first automated self-service bag drop system in Las Vegas is a clear message that we are thinking about every facet of our Guest experience with innovative and forward-thinking solutions to elevate our service.”
In addition to Sacramento and Burbank, Spirit will soon be adding Nashville to its network, which will include nonstop service to and from Las Vegas. As of July 2019, Spirit will have grown nearly 50 percent in Las Vegas compared to its capacity only two years earlier. The airline now employs more than 1,000 people in Las Vegas, and Spirit’s rapid expansion has created nearly 300 additional jobs in the last two years.
“We’re delighted by the growth of direct service to Las Vegas by our partners at Spirit Airlines,” said Chris Meyer, Vice President of Global Sales for the Las Vegas Convention and Visitors Authority. “In the past year, Spirit has added direct service from five new markets, conveniently and affordably connecting both business and leisure travelers to our destination. Whether you’re visiting for work or play, Vegas changes everything by taking every experience to a new level, and we’re thrilled about the opportunity to continually reach more travelers across the country.”
Spirit Airlines (SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows every Guest to pay only for the options they choose — like bags, seat assignments and refreshments — something we call À La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We operate more than 600 daily flights to 76 destinations in the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving the communities we serve. Come save with us at spirit.com. At Spirit Airlines, we go. We go for you.
PARIS, June 18, 2019––Longview Aviation Capital (“Longview”) and its subsidiary Viking Air Limited, a global leader of utility aircraft, support and services and manufacturer of the world-renowned Twin Otter, today announced a seven aircraft sales contract for six new-production CL-515 aircraft and one CL-415EAF.
The CL-515 is a newly developed, technically advanced multi-mission aerial firefighting aircraft – the next generation of the CANADAIR CL-415, the aviation industry’s benchmark amphibious aircraft and the backbone of firefighting missions around the globe. With enhanced firefighting capabilities, and the flexibility to support a wide range of critical mission operations, the CL-515 will be a vitally important strategic asset to fleets around the world.
The Republic of Indonesia’s Ministry of Defense has agreed to purchase six all-new CL-515 aircraft, four of which will be delivered in “First Responder” multi-mission configuration, and two delivered in optimized aerial firefighter configuration. The purchase agreement also includes one CANADAIR CL-415EAF “Enhanced Aerial Firefighter” aircraft converted from a CANADAIR CL-215 to EAF standard by Longview Aviation Capital’s subsidiary, Longview Aviation Services.
The Republic of Indonesia’s purchase agreement is a firm commitment that is conditional only on Longview Aviation Capital’s Board of Directors approving the production launch program.
“We are thrilled to welcome the Republic of Indonesia as the first customer for this extraordinary aircraft,” said David Curtis, Chairman and Chief Executive Officer of Longview Aviation Capital. ”This contract is a major milestone in bringing the next generation CANADAIR to market. The confidence of a sovereign government in our program is matched by our own confidence in our ability to deliver this new aircraft platform to the world. We are very well advanced in all aspects of program planning, including our supply chain, and we are nearing a final decision on manufacturing and final assembly sites. We expect to complete the remaining program milestones in the near future, and deliver the first new CL-515 on schedule in 2024.”
Program Development Process
Since acquiring the type certificates for the CANADAIR amphibious aircraft program from Bombardier in 2016, Longview has had positive discussions with numerous potential customers from around the world, including both governments and private operators, who have enthusiastically encouraged a production restart.
On the basis of the global interest in the unique and unrivalled capabilities of the CL-515, Longview and Viking have invested in a rigorous process ahead of full production launch decision:
Consulted extensively with current global operators to understand their future aerial firefighting resource requirements
Conducted
extensive market research and feasibility studies and developed a new
all-season multi-mission platform, leveraging advanced technology not
previously included in the CL program
Consulted with key supplier partners
Undertaken
advanced supply chain and manufacturing planning, including options
associated with Longview’s current facilities and potential new
facilities in Western Canada
CL-515 Highlights
Up to 15% better aerial firefighting productivity, including increased tank capacity and ability to refill in 14 seconds
State-of-the-art Collins Pro Line Fusion® digital avionics suite for unrivaled situational awareness
Flexible architecture to support multi-mission capabilities including aerial firefighting, maritime patrol, surveillance, medevac, environmental monitoring, insect control, oil spill detection and dispersant
Reduced maintenance and operating costs through improved, scalable avionics and superior design
Unmatched mission efficiency and flexibility, requiring no runway or reloading capacity during waterbombing firefighting
“Indonesia is on the front lines of increasing challenges like forest fires, and as an island nation has extensive needs for a range of amphibious capabilities,” said Air Chief Marshal Yuyu Sutisna, chief of staff for Indonesia’s Air Force. “We have chosen to invest in this aircraft based on the CANADAIR’s solid track record demonstrated around the world over the last 50 years, and Viking’s established capabilities as an aircraft developer and producer. The next generation CL-515 will have unmatched operational performance, particularly as a firefighter. This aircraft has the best productivity of any aerial firefighting aircraft, capable of delivering the highest quantity of foam retardant per day, while at the same time providing the flexibility to save lives and protect our coastal areas through its multi-role SAR and Maritime Surveillance functionalities. We are proud to sign the first contract for this extraordinary aircraft that will enhance our mission capability at excellent value.”
Startup manages maintenance, inspection and alteration services for global manufacturers and operators of commercial unmanned aircraft systems
Access to safe, reliable maintenance will support commercial operations and urban mobility efforts
CHICAGO, June 4, 2019 /PRNewswire/ — Boeing [NYSE: BA] today announced its investment in Robotic Skies, a services provider that connects manufacturers and operators of commercial unmanned aircraft systems (UAS) with a global network of more than 170 civil aviation authority-certified repair stations.
“With safety as a cornerstone, we are shaping a robust operational ecosystem for on-demand mobility that supports the future of aircraft, air vehicles and autonomous systems,” said Brian Schettler, managing director for Boeing HorizonX Ventures.
The investment is part of Boeing’s disciplined, long-term strategy of entering into value-added partnerships that enhance and accelerate growth and deliver key differentiators for customers.
“Unmanned and autonomous commercial aircraft operations are increasingly mirroring those in manned aviation, including the need for quality maintenance provided by certified technicians,” said Brad Hayden, founder and CEO of Robotic Skies. “This latest investment will allow us to continue to grow our global footprint and expand operational capabilities to support customers.”
Boeing HorizonX Ventures led this funding round with participation from Thayer Ventures, Sun Mountain Capital and KickStart Seed Fund. The investment builds on a previously-announced collaboration with Robotic Skies, Boeing Global Services and its subsidiaries Aviall and Jeppesen to provide enhanced commercial UAS services.
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As the top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 150,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
Robotic Skies is the only global network of certified UAS maintenance centers. It offers comprehensive turnkey field service programs designed to keep UAS flying safely, efficiently and affordably around the world. Founded in 2014, Robotic Skies has more than 170 certified repair stations across more than 40 countries, providing MRO and support services for commercial UAS. Each service center in the network possesses the aviation expertise and factory training to ensure the mission readiness of these aircraft. For more information about Robotic Skies, visit: http://www.roboticskies.com
