Los Angeles, California, September 18, 2023, Business Wire – Today Air Lease Corporation (NYSE: AL) announced a long-term lease placement for one Airbus A330-200 aircraft with HiSky. Scheduled to deliver to the European carrier in 2023, this A330-200 aircraft joins one A319-100, four A320-200s and two A321-200neo LR aircraft currently on lease to HiSky from ALC.
“We are pleased to continue our support of HiSky Europe with the lease of this first widebody aircraft to the airline,” said David Beker, Senior Vice President, Marketing and Head of Aircraft Sales & Trading at Air Lease Corporation. “After two and a half years of steady and successful growth with their all-ALC narrowbody fleet, HiSky came to us ready to launch widebody operations and ALC is delighted to provide high-quality aircraft that will enable the carrier to realize their commercial objectives.”
“Over the past two years, we’ve experienced consistent growth that has brought us to this pivotal moment—the moment when we are prepared to acquire our first widebody aircraft. We’ve now become the fourth-largest air carrier at Romania’s primary airport and the largest operator of Airbus aircraft registered in Romania. Our partnership with ALC has undeniably proven to be a successful one. The aircraft they have provided us have been instrumental in helping HiSky achieve record-breaking passenger levels during this summer season. Having accomplished all the goals we set for ourselves over the years, we’re profoundly grateful for the trust and support of our partners as we embark on this exciting new venture,” said Iulian Scorpan, CEO of HiSky.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
CEO, Founder and largest shareholder, Bjorn Tore Larsen:
“Q2 marked a significant period of ramping-up as we inaugurated new destinations in the US and Europe. Additionally, more of our fleet of fuel efficient Boeing 787 Dreamliners were brought into production. By the end of Q2 the airline had more than doubled capacity, with June being our first month of increased production, and notably our first month generating bottom line profits.
Q3 is expected to be our first financial quarter generating a profit. The move to profitability is driven primarily by having all 15 aircraft generating revenue for the first time, from July 1st; 10 of which are operating for Norse and five generating revenue through sublease income.
A milestone was passed during Q3 as we surpassed one million booked passengers. By providing affordable air fares on competitive and established routes to key primary airports and destinations, we allow more people to explore the world and enjoy the experience of long-haul travel whether for leisure or business. Norse will be the first truly low-cost profitable long-haul airline”.
For further information please see Q1 2023 report and company update presentation attached.
• Revenue increased by 152% quarter-on-quarter (“QoQ”) to USD 100.1 million
• 204,564 passengers carried, up 86% QoQ
• Revenue per passenger increased 89% QoQ to USD 422
• Available Seat Kilometres (ASK) up by 51% QoQ due to planned ramp-up as Norse brought more aircraft into production
• Positive EBITDAR of USD 2.2 million, the first positive EBITDAR on a quarterly basis since inception of the Company
• Intra-quarter Norse recorded its first profitable month (June) and continued positive momentum
into Q3
• Load factors showed strong development during the quarter, with monthly average load factors of 67%, 72% and 82% in April, May and June respectively. The positive development continued post quarter end with an average load factor of 85% in July
• USD 19.0 million cash generated from operations in the quarter, an increase of USD 39.8 million QoQ
• Total cash held at quarter end of USD 59.1 million
• As communicated in November 2022 in relation to a private placement at the time, Norse made good on its promise to shareholders that it would perform a repair offering, which it completed during the quarter, raising NOK 150 million gross (USD 14.1 million)
• Norse upgraded to Euronext Expand at Oslo Stock Exchange, a regulated market, during the quarter
• Heavy increase in production through Q3 compared to Q2 with all Norse aircraft generating revenue for the first time from 1st July 2023
Orlando, FL, April 28, 2021 – Today at MRO Americas, a leading aeronautical maintenance event, Embraer announced that CommutAir, a United Express carrier, has selected Embraer Aircraft Maintenance Services (EAMS) in Macon, Georgia, as one of its primary heavy maintenance providers for the airline’s fleet of ERJ 145 aircraft. The multi-year agreement includes airframe maintenance, modifications and repair services provided by Embraer’s portfolio of solutions.
In July 2020, CommutAir became the sole regional partner to operate the ERJ 145 for United Airlines. CommutAir maintains the largest ERJ 145 fleet in the world with 168 aircraft.
CommutAir is a regional airline operating flights on behalf of United Airlines as United Express. With our fleet of Embraer 145 aircraft, we operate roughly 200 daily flights, connecting people and communities to the world via United’s global network. Headquartered in Cleveland, we have hubs in Denver, Houston, Washington Dulles, and Newark, with a maintenance base in Albany, New York. We are looking for individuals to join our 1,300 diverse professionals who work together to deliver safe, caring, dependable, and efficient service.
– New courses include helicopter specific eLearning courses for G1000H NXi
Garmin® International Inc., a unit of Garmin Ltd., is pleased to announce two new eLearning training courses for the G1000® NXi, as well as two separate eLearning courses for the G1000H NXi integrated flight deck for helicopters. These training courses are available in a virtual eLearning format allowing pilots to learn at their own pace, with the G1000 NXi Fundamentals eLearning Course providing a foundational understanding of the system, while the G1000 NXi Essentials eLearning Course is focused on systems installed in high-performance piston and turbine engine aircraft. The two comprehensive eLearning courses for the G1000H NXi integrated flight deck titled G1000H NXi Fundamentals, and G1000H NXi Advanced-IFR, use scenario-based training to highlight helicopter-specific operations and are tailored for pilots new to the G1000H NXi system, in addition to those with experience wanting a deeper understanding of the system.
Core training topics All four training courses build on a common core of training topics. These topics are common to all G1000 NXi and G1000H NXi systems but are tailored to the audience for each course. The topics include:
Primary Flight Display (PFD) and Multifunction Display (MFD) function
Audio Panel Features
Automatic Flight Control System
Hazard Avoidance Features
Safety Features
Abnormal Operations
Managing Databases
Operational Flight Scenario
Learn best-practices for G1000 NXi operational use
For those that are new to Garmin avionics, transitioning to advanced avionics, or perhaps want to refresh their understanding of the system, the G1000 NXi Fundamentals eLearning Course provides comprehensive training on the system designed for piston engine equipped aircraft. This course describes features of the system in detail and use a scenario to demonstrate how particular features function in different phases of flight in order to see this advanced system in action. In order to practice what you learned during this course, the Garmin G1000 NXi PC Trainer software is available for purchase online.
G1000 NXi for high-performance piston and turbine aircraft
For those operating high-performance piston or turbine-engine equipped aircraft, the G1000 NXi Essentials course presents best-practices for the G1000 NXi integrated flight deck by providing detailed training for pilots wanting to get the most out of the system. In addition to describing features in detail and showing how they can be used effectively in flight, scenario-based training demonstrates typical high-performance piston and turbine-engine aircraft operations, providing an opportunity to see the G1000 NXi system in full effect. For your specific or similar aircraft, the Garmin G1000 NXi PC Trainer software is available for purchase online, and provides the opportunity to take what you learned throughout the course and apply it. In addition to the core training topics, the G1000 NXi Essentials eLearning Course includes additional instruction on:
Vertical Navigation
Automatic Flight Control System
Advanced Features
User Waypoints
Managing Databases
Multiple Operational Flight Scenarios with different performance profiles
Build helicopter-specific system knowledge
The G1000H NXi Fundamentals course is designed for VFR helicopter pilots who are new to Garmin avionics, transitioning to advanced avionics, or perhaps want a refresher on the G1000H NXi. This allows the pilot to be comfortable with the avionics and maximize learning during valuable flight time. Learn how to take full advantage of the capabilities of the G1000H NXi system while gaining experience with operational use best practices. This virtual course allows pilots to learn at their own pace, details system features and provides a VFR flight scenario to show how these features are used in various phases of flight. Those that sign up for this course receive an additional scripted scenario for more practice through the Bell 407GXi G1000H NXi PC Trainer software, available for purchase online. The core training topics in the G1000H NXi Fundamentals eLearning Course have been tailored to helicopter-specific features and functionality, including differences for:
PFD and MFD function
Audio Panel Features
Hazard Avoidance Features
Operational Flight Scenario
Scenario-Based Exercise
Enhance IFR helicopter skills with G1000H NXi
The G1000H Advanced-IFR course provides a detailed look at the G1000H NXi system and illustrates best practices for operational use of the flight deck, with a focus on Instrument Flight Rules (IFR). The course uses phase of flight scenarios to demonstrate typical IFR helicopter operation, and depicts common practices to maximize the benefits of system features and capabilities. For helicopter pilots who fly search-and-rescue missions, emphasis on user waypoints are included in the course scenarios. Pilots can further practice what they learned throughout the course with one of the additional scripted scenarios provided for use with the purchase of the Bell 407GXi G1000H NXi PC Trainer software. Some helicopter-tailored training topics covered in the Advanced IFR eLearning Course include:
PFD and MFD function
Automatic Flight Control System
Hazard Avoidance Features
Advanced Features
User waypoints
Operational Flight Scenarios
Proceed through the course at a pace that works best
Available immediately after purchase using a computer or tablet device with internet access, pilots can navigate through the virtual course at their own pace. Assessments throughout the course validate knowledge obtained of critical items while documenting the learning process. With the ability to pause lessons as needed to return to the lesson later, this is a convenient option for any pilot. Also, pilots can retake specific lessons or even the entire course during the subscription period.
The G1000 NXi Fundamentals eLearning course is available now for $94.95 USD, and the G1000 NXi Essentials eLearning Course is now available for $145.95 USD. Also available is the G1000H NXi Fundamentals eLearning Course for $74.95 USD, as well as the G1000H NXi Advanced IFR eLearning Course is available for $94.95 USD. For aviation training needs, including purchasing one of these eLearning courses, please visit www.fly.garmin.com/training.
EFFECTIVE THROUGH MAY 2020, CONTRACTED SERVICES WILL TAKE PLACE IN MESA, ARIZONA AND AFGHANISTAN
MD Helicopters, Inc (MDHI) announced today that the company has been awarded a $50.4 million Firm Fixed Price contract modification for logistics support of the MD 530F Cayuse Warrior helicopter fleet currently in service with the Afghan Air Force (AAF). MD Helicopters has provided comprehensive contractor logistics support (CLS) services to the Afghan Air Force since the first MD 530F training aircraft arrived in Afghanistan in 2011.
The current CLS contract extension provides for continuous CONUS and OCONUS maintenance, on-the-job training, and support services, including spares support, for all MD 530F Cayuse Warrior helicopters operated by the Afghan Air Force. Effective September 1, 2019, the Period of Performance for the new contract, with all options exercised, runs through May 31, 2020.
The AAF began operating the MD 530F as a primary rotary wing training aircraft in 2011. In 2014, in response to an urgent and compelling need within the region, MDHI was contracted to arm and weaponize the proven single engine training aircraft, delivering expanded capabilities for armed escort, scout attack and close air attack operations. Nine months later, MDHI delivered the first of a robust fleet of 60 MD 530F Cayuse Warrior light scout attack helicopters.
Currently, MDHI supports all mission-ready MD 530F Cayuse Warrior aircraft in Afghanistan. The final 5 units associated with the 2017 30-unit Delivery Order issued against MDHI’s $1.4 Billion IDIQ contract are set for on-time delivery later this year.
