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Eve announces list of eVTOL suppliers

Melbourne, Florida, January 29, 2024 – Eve Air Mobility (NYSE: EVEX) has named four additional suppliers for its electric vertical takeoff and landing (eVTOL) aircraft. Thales will supply a proven air data solution, comprising sensors and a computer while Honeywell (NYSE: HON) will supply guidance, navigation and external lighting for the aircraft. RECARO Aircraft Seating will supply the eVTOL’s seats and FACC will supply the horizontal and vertical tail including the rudder and elevator.

Honeywell will supply guidance and navigation products including magnetometers, GPS-aided attitude & heading reference systems, and inertial reference systems built upon decades of engineering and manufacturing experience. These systems will relay and aid the pilots and other onboard systems to ensure safe and efficient flight.  The company will also supply external lighting for the aircraft.

Thales will supply a proven air data solution, comprising sensors and computer, which gather critical data such as airspeed, altitude and environmental conditions. The solution then relays the information to pilots and onboard systems to ensure safe and efficient flight in all weather conditions.

RECARO Aircraft Seating, a global supplier of premium aircraft seats for airlines, OEMs and eVTOL aircraft, was selected to design, certify and produce the four passenger seats and one pilot seat for the aircraft. RECARO is widely recognized for product innovation, award-winning customer service and commitment to reliability, efficiency and sustainable practices.

FACC was selected to lead the development and production of the eVTOL’s horizontal and vertical tail including its rudder, elevator and the aircraft’s aileron.  FACC is recognized for its production of lightweight components relying on innovative manufacturing techniques and technology.

These new suppliers are in addition to Garmin (NYSE: GRMN), Liebherr Aerospace and Intergalactic that were announced in October and Nidec Aerospace LLC, a joint venture between Japan’s Nidec Corporation and Brazil’s Embraer SA (B3: EMBR3), BAE Systems PLC (London: BAES) and DUC Hélices Propellers which were announced at the Paris Air Show this past summer.

Forward-Looking Statements

This press release may 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.

 

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Airbus signs 1.2 billion Euro contracts for support of France’s A330 MRTT fleet

Getafe, Spain – 23 October 2023 – Airbus Group SE (Paris: AIR) Defence and Space has signed two contracts valued at 1.2 billion euros in total with France’s Direction generale de l’armement (DGA) and Direction de la Maintenance Aeronautique (DMAe) for the Capability Enhancement and the In-Service Support of the French A330 MRTT’s (Multi Role Tanker Transport) fleet.

Standard 2 contract: Stepping stone of the Multi Role Tanker Transport of the future

The Standard 2 contract provides for the capability extension of the French MRTTs, focused on connectivity as a key pillar and also self-protection capabilities. With the aim of being connected in all circumstances, including jammed environments and extreme weather conditions, the aircraft will be equipped with the MELISSA satcom station.

These new capabilities will convert the French A330 MRTT into a high bandwidth communication relay node, with command and control capabilities, and will build the stepping stone of the A330 MRTT’s integration into the future air combat cloud within the FCAS.

10 years In-service support

The second contract covers the In-Service Support of the ‘Phénix’ fleet for 10 years, plus two optional years, at the Istres Air Base, southern France, home to the 31st Strategic Air Refuelling and Transport Wing. Airbus, as the prime contractor, together with its preferred partners in France, will be responsible for fleet modernisation, maintenance, logistics and technical support to ensure the aircraft’s operational availability. The local Airbus team in France will be doubled to support these activities.

 

 

 

 

 

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Airbus and Republic of Singapore successfully complete air to air refuelling flight test

Getafe, Madrid, Spain, October 11, 2023 – Airbus Group SE (Paris: AIR) and the Republic of Singapore Air Force (RSAF) worked together to successfully complete the automatic air-to-air refuelling (A3R) flight test campaign with the Airbus A330 Multi Role Tanker Transport (MRTT) and F-15 fighter, ahead of its certification in the first half of 2024.

Over the course of three weeks in August, a RSAF A330 MRTT made more than 500 automated wet and dry contacts with the air force’s full fleet of receiver aircraft, including the F-15SG aircraft, a customised variant of the US-built F-15E Strike Eagle air-to-ground fighter jet.

The flight tests with F-15SG were conducted in Singapore, covering the whole operational AAR envelope in different weather conditions under the supervision of the Spanish certifying authority, called INTA (National Institute for Aerospace Technology).

PHASA-35 completes first successful stratospheric flight

Over a 24-hour period, PHASA-35 soared to more than 66,000 feet, reaching the stratosphere, before landing successfully.  The trial, completed last month in New Mexico in the USA, allowed engineers to assess the performance of the experimental solar-electric drone within the outer-reaches of the planet’s atmosphere.

The flight marks a significant milestone in PHASA-35’s development which began in 2018. Designed by BAE Systems’ (OTC: BAESY) subsidiary Prismatic Ltd to operate above the weather and conventional air traffic, it has the potential to provide a persistent and stable platform for various uses including ultra-long endurance intelligence, surveillance and reconnaissance, as well as security.     

It also has the potential to be used in the delivery of communications networks including 4G and 5G and could be used in a wide range of applications, such as disaster relief and border protection, as an alternative to traditional airborne and satellite systems.

The PHASA-35 programme sits within FalconWorks™, a new centre for advanced and agile research and development within BAE Systems’ Air sector, designed to deliver a range of cutting-edge combat air capabilities to the UK and its allies.  

PHASA-35, which has a 35-metre wingspan and carries a 15kg payload, uses a range of world-leading technologies including advanced composites, energy management, solar electric cells and photo-voltaic arrays to provide energy during the day which is stored in rechargeable cells to maintain flight overnight.  

The successful trial assessed the performance of the experimental system across a range of areas.  It is the first in a series of trials planned to confirm system performance, support development activities and validate test points to enable PHASA-35 to be made available in defence and commercial markets internationally.

The latest trials took place from Spaceport America in New Mexico, flying in the White Sands Missile Range, and are sponsored by the US Army Space and Missile Defense Command Technical Center. This test flight at White Sands Missile Range was coordinated and directly supported by personnel attached to Naval Surface Warfare Center, Port Hueneme Division, Detachment White Sands.

Textron Aviation receives order for five Beechcraft King Air turboprops in support of Kingdom of Saudi Arabia

Wichita, Kansas (July, 11, 2023) – Textron Aviation (NYSE: TXT) today announced it has been awarded a contract by AvMet International LLC (AvMet), based in Fargo, North Dakota, for one Beechcraft King Air 360CHW (cargo door, heavy weight) and four Beechcraft King Air 260 aircraft. The Beechcraft King Air fleet will support the Kingdom of Saudi Arabia’s National Center for Meteorology program for cloud seeding.

AvMet and its partners Weather Modification International (WMI) and Fargo Jet Center (FJC) will work collaboratively to equip the four King Air 260 aircraft with a Cloud Water Inertial Probe (CWIP), Data Logger with aircraft tracking, and cloud seeding equipment. The King Air 360CHW will be rigged with Cloud Seeding equipment, a research laboratory and an instrument package for studying cloud physics and aerosols.

The aircraft will be modified at WMI’s headquarters in Fargo with sister company Fargo Jet Center LLC (FJC).  FJC’s Part 145 Repair Station, which is an authorized service facility for the family of Beechcraft King Air aircraft, teamed with WMI to certify the Federal Aviation Administration approved Supplemental Type Certificate modifications for cloud seeding and atmospheric research equipment. Together, Textron Aviation, WMI and FJC will provide the Kingdom of Saudi Arabia’s National Center for Meteorology with the newest technologies in cloud seeding and atmospheric sciences instrumentation.

Endless Special Mission Possibilities

When government, military and commercial customers want airborne solutions for critical missions, they turn to Textron Aviation. The company’s aviation solutions provide the high performance and flight characteristics required to address the unique challenges of special mission operations. With unparalleled quality, versatility and low operating costs, Textron Aviation products are preferred for air ambulance, ISR, utility transport, aerial survey, flight inspection, training and a number of other special operations.

Collins Enhanced Vision Sensor Selected for Airbus Family of Aircraft

Collins Aerospace’s next-generation Enhanced Vision Sensor has been selected to be integrated into Airbus’ Enhanced Flight Vision System (EFVS). EFVS will become a selectable option on Airbus commercial aircraft, expanding approach capability and increasing flight situational awareness during reduced visibility conditions. The EFVS option, with the Collins EVS sensor, will be offered first on the A320 aircraft, with the intention to offer this solution on other platforms in the future.  

The EFVS will use input from the Collins Aerospace sensor, mounted on the nose of the aircraft, to create an augmented reality view of the outside world. The sensor uses multiple infrared and visible light cameras to “see through” poor visibility conditions better than the human eye. When the pilots view this camera video on head-up displays, it allows them to better identify the runway environment in all weather conditions — helping pilots overcome many flight disruptions often created by fog or precipitation. In addition, because the technology enables pilots to reduce delays on the runway and in the air, it actively reduces the amount of carbon emissions created by the aircraft. 

In addition, EFVS will also ease instrument to visual transition and provide enhanced situational awareness, in particular for “night Visual Meteorological Conditions (VMC)” conditions, and/or terrain, as well as lateral alignment on the runway, traffic and runway surface identification.

The next-generation EVS sensor will also be available for retrofit on existing in-service Airbus aircraft.

Lufthansa Airbus A350-900 “Erfurt” Will Become Climate Research Aircraft

Predicting the weather even more accurately, analyzing climate changes even more precisely, researching even better how the world is developing. This is the goal of a globally unique cooperation between Lufthansa and several research institutes.

Converting an aircraft into a climate research plane poses major challenges. Lufthansa has chosen the most modern and economical long-haul jet in its fleet – an Airbus A350-900 named “Erfurt” (registration D-AIXJ). In three stages, the “Erfurt” will now become a flying research laboratory. 

In Lufthansa Technik’s hangar in Malta, the first and most extensive conversion work was carried out. Preparations were made for a complex air intake system below the belly. This was followed by a series of test insertions, at the end of which came the certification of a climate research laboratory weighing around 1.6 tons, the so-called CARIBIC measurement laboratory. The acronym CARIBIC stands for “Civil Aircraft for the Regular Investigation of the atmosphere Based on an Instrument Container” is part of a comprehensive European research consortium. 

The “Erfurt” is expected to take off from Munich at the end of 2021 for its first flight in the service of climate research, measuring around 100 different trace gases, aerosol and cloud parameters in the tropopause region (at an altitude of nine to twelve kilometers). Lufthansa is thus making a valuable contribution to climate research, which can use these unique data to assess the performance of current atmospheric and climate models and thus their predictive power for the Earth’s future climate. The special feature: Climate-relevant parameters can be recorded at this altitude with much greater accuracy and temporal resolution on board the aircraft than with satellite-based or ground-based systems. 

The A350 conversion, which has now been launched, was preceded by an ex-tremely elaborate planning and development phase of about four years involving more than ten companies (in particular Lufthansa, Lufthansa Technik, Airbus, Saf-ran, enviscope, and Dynatec) as well as the Karlsruhe Institute of Technology (KIT) as representative of a larger scientific consortium.

The Lufthansa Group has been a reliable partner of climate research since 1994 and has since equipped several aircraft with special instruments. This is now the first time worldwide on an Airbus A350-900 aircraft.

Leading the Way for the Future of EGNOS

Airbus-led consortiums have recently won a series of contracts to shape the future of EGNOS, the European Geostationary Navigation Overlay Service. EGNOS enhances Galileo and GPS signals to provide augmented safety of life services.

EGNOS V3, set to replace the current version, is already being developed by a consortium of 20 European companies led by Airbus. It will enable ‘Category I’ automatic landing of aircraft – with the flight crew supervising – in weather conditions where it would otherwise be dangerous or impossible to operate. 

To prepare EGNOS V3 Evolutions, the European Space Agency (ESA) has awarded a new study contract to Airbus.  The focus is on the use of the augmentation service for stringent operations like Category II approach and landing under very low visibility conditions going beyond the current EGNOS V3 performance requirements.

Preceding this, Airbus has been conducting an innovative study under the ESA NAVISP Programme to assess the potential of sensor fusion techniques, for aviation applications demanding stringent performance requirements aiding operations under low visibility conditions. The study assesses the fit and the benefits of this approach to the Positioning Navigation & Timing (PNT) requirement adherence, in particular for the Satellite Navigation.

In addition, Airbus, together with European partners, has won a series of contracts from the European Global Navigation Satellite Systems Agency (GSA) and ESA to extend EGNOS service use for the safe operations of railways. The resulting projects are:

– CLUG (Certifiable Localisation Unit with GNSS): GNSS could prove a game changer for the European railway network by enabling a significant reduction of trackside equipment and by improving localisation performance. This project is performing mission analysis/needs identification and a preliminary feasibility study of an on-board localisation unit.

– GREET (GNSS for the Railway EnvironmEnT) ESA recently awarded Airbus a study for the development of a railway GNSS receiver chain to support the testing and validation of integrity concepts, algorithms, and techniques for receivers in railway environment.

– EGNSS-R (European GNSS for Rail): Rail signaling systems are used to safely control traffic in order to prevent train collisions.  The project aims to define a new GNSS augmentation service for improved rail signaling, along with an implementation roadmap.

Mesa Air Group Reports Fourth Quarter, Full-Year 2020 Profit

Mesa Air Group, Inc. (NASDAQ: MESA) today reported fourth quarter and full-year fiscal 2020 financial and operating results.

Mesa’s Q4 2020 results reflect net income of $11.4 million, or $0.32 per diluted share, compared to net income of $12.2 million, or $0.35 per diluted share for Q4 2019. Mesa Q4 2020 results include, per GAAP, the deferral of $7.8 million of revenue, all of which was billed and paid by American and United during the quarter and will be recognized over the remaining terms of the contracts. Mesa’s Adjusted EBITDA1 for Q4 2020 was $44.6 million, compared to $50.8 million in Q4 2019, and Adjusted EBITDAR1 was $54.2 million for Q4 2020, compared to $61.9 million in Q4 2019. For Q4 2020 revenue was $108.0 million, a reduction of $79.8 million (42%) from $187.8 for Q4 2019 primarily due to the reduced flying as a result of COVID-19. During the quarter Mesa recognized $40.8 million as an offset to wages and salaries related to the previously announced Payroll Support Program Agreement (“PSP”), which required Mesa to retain all of its employees.

Operationally, the Company ran a 99.8% controllable completion factor, compared to 99.0% in Q4 2019, and a total completion factor of 98.2%, which primarily includes weather, close-in capacity reductions driven by reduced demand, and other uncontrollable cancellations, compared to 96.9% in Q4 2019.

Full Year

Mesa reported net income of $27.5 million, or $0.78 per diluted share for the 2020 fiscal year, compared to net income of $47.6 million, or $1.36 per diluted share for the 2019 fiscal year. Excluding special items for both periods, adjusted net income1 was $27.5 million or $0.78 per diluted share for the 2020 fiscal year, compared to $57.5 million or $1.64 per diluted share for the 2019 fiscal year. Mesa fiscal 2020 results include, per GAAP, the deferral of $23.8 million of revenue, all of which was billed and paid by American and United during the year and will be recognized over the remaining terms of the contracts. Mesa’s Adjusted EBITDA1 was $163.3 million in fiscal year 2020, compared to $208.7 million in fiscal year 2019 and Adjusted EBITDAR was $212.1 million in fiscal year 2020, compared to $260.9 million in fiscal year 2019. For fiscal year 2020, revenue was $545.1 million, a reduction of $178.3 million (25%) from $723.4 million for fiscal year 2019, primarily due to the reduced flying as a result of COVID-19. During the year, Mesa recognized $83.8 million as an offset to wages and salaries related to the previously announced Payroll Support Program Agreement (“PSP”), which required Mesa to retain all of its employees as of April 20, 2020.

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1 See Reconciliation of non-GAAP financial measures

Fiscal 2020 Q4 Highlights

– EPS of $0.32, Full Year $0.78

– Year-end cash increased by $34.5 million to $99.4 million

Recent Updates

– Amended capacity purchase agreement with American to operate 40 CRJ-900s for a five-year term

– Commenced cargo operations for DHL with two Boeing 737-400F  

– Added 10 new E175 aircraft to our United fleet in November and December

– Entered into a $195 million loan under the CARES Act with the U.S. Treasury

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