X-Mozilla-Status: 0000 X-Mozilla-Status2: 00000000 Return-Path: Delivered-To: ops@safiranas.com Received: from Safiranas.com by Safiranas.com with LMTP id CnQPC0EyKGRQXwAAuSYAPA (envelope-from ) for ; Sat, 01 Apr 2023 18:01:45 +0430 Return-path: Envelope-to: ops@safiranas.com Delivery-date: Sat, 01 Apr 2023 18:01:45 +0430 Received: from news.bizavltd.com ([213.32.144.13]) by Safiranas.com with esmtps (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_128_GCM_SHA256 (Exim 4.94) (envelope-from ) id 1pibKa-00083A-6u for ops@safiranas.com; Sat, 01 Apr 2023 18:01:45 +0430 DKIM-Signature: a=rsa-sha256; bh=v2r6qvu6axrOdHFsBRHe/LWl1LP1pJRg1KM1/aucQY0=; c=relaxed/relaxed; d=news.bizavltd.com; h=to:cc:from:reply-to:subject:date:mime-version:content-type:list-id:list-unsubscribe:x-csa-complaints:list-unsubscribe-post:message-id:sender:x-sib-id:x-mailin-client:x-mailin-campaign:feedback-id; q=dns/txt; s=mail; t=1680355736; v=1; b=C9vRK4sZMmslz9+cHt3+Ozzt7hlG0nYbtjok8JSRn9feJRlQVyDpWyxEnJwsyZh4XjrjUxrA iMsbMu92TGNuz2ava0CLECM/KFKrxw5YfvCuFSaJavbAVB4/3Mfk/V8Ps8W8FeRaO97sebTQm2B EhyMl8w0oCAuOJT06Rkgtmjg= To: Subject: Bizav News Roundup March 2023 Content-Type: multipart/alternative; boundary="-------?=_11341-6399599367876" Date: Sat, 01 Apr 2023 13:28:56 +0000 Feedback-ID: 213.32.144.13:1634527_90:1634527:Sendinblue From: BizAv Media Ltd List-Id: MTYzNDUyNy0xMzI5NTMtMTM= List-Unsubscribe: , List-Unsubscribe-Post: List-Unsubscribe=One-Click MIME-Version: 1.0 Message-Id: <202301041328.1eyn10d405znjj@news.bizavltd.com> Precedence: bulk Reply-To: max@bizavltd.com X-Csa-Complaints: csa-complaints@eco.de X-Mailer: Sendinblue X-Mailin-Campaign: 90 X-Mailin-Client: 1634527 X-sib-id: XhiCf-XSmUQ7iYrKi9RNDS59OVXbRXGK5u6_lY58dWvPONWqI3r1qnfoNNsu0L3-Yo_uAuCvl3Bm6N6y7Uy9Rr-tteiWuHYZwkTJS9OWZxvWA7HLbGlUIvMlbqHoIOsmRedpP05ietFi8qGuldvZB3EwElstontcOnKOnGeE8MvYtOgmo40AYXDHEsldc8BSIB1aUoAlXn_9GMYjB9i0spRemf-D ---------?=_11341-6399599367876 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=UTF-8 # [View email in browser](https://r.news.bizavltd.com/mk/mr/fAnZiqre56OTGWpLL= CkUe_ctjigM8z1vWthLbd7JxGktAKgjXF6nUP6aYVXGabOxkJ3_ip7pucnAS9VBgdyD6aFUfGZm= lODwy_fx7IaUAwllW4c1Kj3bDyWBE_M_1pHyWug) # https://r.news.bizavltd.com/mk/cl/f/eCbMpcaxsX3hn15NcvMbkqJwS6FSoDPRLJg6Wcs= nvXCeIIXNlU3zF-WSEGxNHcdSz_jXn9uNmy4iP8Jt8xZ5BTAsRGXpCTCJ-IqSLw2CJNTG-5jGVL= EJmTiYpoGQVzV5E3_XVHvxz4engz3NlT5cDadvMmjR2BBd6622L7rrr7GFeJHto2rOf3I6NsNP1= wG1_WgxbZ-cnw7IP-fnTkfsoBZ3IfazxmALMFN6f7z25Abb4j0voAXkrhS3X6VeQ-jIrLl-NiQ6= tcz3puPlGyhKbPau_bfHzghDqz_RONdOp6faLjgWugu3tmv7iiFbfzMd40wralDkWHybQODYkib= 97OsDmy2OcSLpi2TGVfWBv2KhlEpeaBEpgPV5Y3GsQVAmbT7XwDSHwjpDMbbPwOiXJmQcZ4DDpz= kJFFAD7_iMOtxZL2Au4haSqw # [["bizavltd"]](https://r.news.bizavltd.com/mk/cl/f/YL1SsWi6wA0IlLw9hO4bwz3j= xXw01mUAGJPcafGGBD41JkP4k3zTJ8q3KNeiWBdTPuN9SEAB8YBmZ1Xo7JRDBml-amA5qp3ExkX= 8T2NNIX-baosdTpWbkncTnyD--O9vrvPfNvx8HaG1PP6xXVFc_IihBLBHnonWJnGuUr90wxLabm= EKVTL496sXnvyQCW8Hbwx7vGQ_XA8eRAgM5xMCAmU0rHkyWA2SQhxZ2WR4B8eDAdi8uOaAq0G3I= pF0UaduY8-1p8-AHf0pFOSHxhawe3nPRQMJ39GUC0PjjJ58wQSMhDmyADwdZ6WS) # # March 2023 News Roundup # brought to you byBusiness Aviation Magazine # # VOO Announces a New Integration with FL3XX VOO, the B2B private jet marketplace that delivers instant bookings, has in= tegrated with FL3XX, the industry-leading aviation management platform, in = late February 2023. This integration covers the key functionalities to make= the charter sales more efficient and will facilitate traceable, effortless= , and flawless operations leading to instant bookings. By synchronizing the schedule with VOO, the digital B2B marketplace for pri= vate jet charters, users are able to search, book and pay for all their cha= rters based on accurate and real-time information. FL3XX automatically send= s all booked flights to VOO, delivering real-time availability and aircraft= location information that VOO uses to calculate and provide accurate and v= alid charter prices. Additionally, operators can synchronize each VOO booking with FL3XX to rece= ive the same benefit. FL3XX bookings can be processed in FL3XX, and VOO boo= kings in VOO.flights without conflicts with aircraft availability. FL3XX in= tegrates the entire workflow of an aircraft operator from sales, scheduling= , and dispatch all the way to training, reporting and maintenance managemen= t. By delivering solid value in quoting, charter sales, scheduling, flight = and duty logging, invoicing, customer management and reporting, FL3XX incre= ases bottom line efficiency of any flight operator by more than 20%. For its part, VOO calculates accurate quotes, so brokers can book instantly= , and payments can be made 24/7 with VOOpay, even on weekends and holidays = =E2=80=93 all with maximum speed and high security of data transfer provide= d by VOO. =E2=80=9CWe are excited about our new partnership with VOO, which will enha= nce our FL3XX users=E2=80=99 charter sales experience by providing greater = efficiency and flexibility. With this collaboration, syncing the operator= =E2=80=99s schedule with VOO=E2=80=99s marketplace is now a breeze, making = the sales operation more streamlined and seamless than ever before. We look= forward to the possibilities this partnership will bring for our valued us= ers.=E2=80=9D =E2=80=93 Paolo Sommariva, CEO & Co-Founder. # https://r.news.bizavltd.com/mk/cl/f/r6_znmh-U7DRO6ixRNykVICmOKic6BGsdj4bDId= krEC0_3sMYCdB_htoIdD-GEH-NVOO5a_AX7PWLJFxd63B8tckf2mwPKvPSCJBZN6rU66jdqSPrn= WM1txwyMD1qAl6keaBIssrSLeaHWUbifRskWINiB9NZsZsdG5nI86x3VIu6bkoQVKXqUtMeplgu= PecJ4pTqe7QjyIM8w-htkVcigxn9FSvH0vzTET0rGoGTx0VrfmBWZ-41D2Xv4DTiHcwKhDt6bKW= Gn3fGUqqb4F206wtfEB4Z8kGCJVUV0S8s1QGStcD60VEuYRo1sg5uyQtqqk # # Axis Jet Adds Citation CJ3 to Charter Fleet Axis Jet, a Sacramento-based aircraft charter, sales and management company= , announced the addition of a Citation CJ3 to the company=E2=80=99s air cha= rter fleet. The 2005 seven-passenger light jet will be based at KMHR =E2=80= =93 Sacramento Mather Airport and offers a wider, quieter cabin than most a= ircraft in its class with 65 cubic feet of external baggage area. It=E2=80= =99s 1,000-mile range and climb performance makes it a favorite among pilot= s and travelers alike. =E2=80=9CThe addition of the CJ3 is a real boost to our ability to offer se= rvice in one of our most popular and versatile models.=E2=80=9D said Amber = Pancaro, Flight Coordination Manager for Axis Jet. =E2=80=9CThis aircraft i= s a nice compliment to our growing class of CJ charter aircraft.=E2=80=9D To see a virtual tour of this fine aircraft, visit the company=E2=80=99s we= bsite at [www.axisjet.com](https://r.news.bizavltd.com/mk/cl/f/4DyL0B8v_u04= iJLGpJN_fRGCluHOyspDzoOvlA6teUPGbzaTpLF6KoXegR6TILCwaFjVobNV--2L7sxJ8OiVyo4= n3MX7dzOze3ThVdJNzKaHKGBJxEB0xMUokrfzXbVjjKYA4ZzryDliIhrIBzlYW6LsyEXihDmDTo= Lyvmcq8m5KPHMDOrDnYXdyIoQ49t3CzOWIBUr980_OhHeHg-HeUwGqvk4QvIVgfdcYFvRQKPn52= FV_v7OKmoSgYzp9gfx5tB1F8OU1Oycsy0NQsBDEXJTUmebBVg8Eurij6utlSu_VIM0vQlrvY5mk= oYxfgg). Axis Jet is an aircraft sales, management and charter company head= quartered at the Sacramento Jet Center at Sacramento Executive Airport (KSA= C). Axis Jet is a division of Axis Aviation Group, Inc. and is a member of = NBAA, NATA, NARA and is a Wyvern Registered Operator, as well as rated ARGU= S Gold. To contact Axis Jet, email fly@axisjet.com, visit [www.axisjet.com]= (https://r.news.bizavltd.com/mk/cl/f/wwguDP8oqNEPwb0cpnfXMV8Jwt8_GLYveQ-EI9= vTwzxC7U5vZ4isviPdPRhssr21UxaBic3bt4ntlnqQwfcQcQflldkCe1l6zlohckgrzsFm60eoe= dPgVDTYN_dOyHLeObDiUHGwBiL2ZakUOgEHsIATsm1B-lWYVOadq_X9KrTmbmX981IoYNZG7s0Y= t9Yy9-qeWbPGo2QBK4ulguGsnBz6hGRUuJHaxyY5sZ_kjzjDP7gz6Jz4CCMzLLkfjp1cFAoUMRP= T_ZQL61eCH0kk1eQHNO0j1q8uukfqD1CUOKjb4FIzdx62JDxUuylb9g) or call 916-391-50= 00. # https://r.news.bizavltd.com/mk/cl/f/Ays_X465nN4gMRXWIFU-gf8R9H6dq7UU5fkYwDT= WgBDIsLBHbLpWrziiwshcwr05DYmNdu_dR6YatcULWBrcNMUE9YeQWGSVPLCxOSnx3dV_gnIcU0= bQMzMWlun3iBz3sxntmpu-KCIu-GmM8K7OQGjXJOJGBOuDR-Rsr4jtPFoIGsI0W8VGdQJeePvoM= qg8s-_jp-essf7cFEsOAQkAxbNqJr3_oe-_9IALjMj6_qIwzlW4YZc8cQfe4fduuRO1lB-PLZE_= IlHdqOCKXO3Hd-PAebKRcQM9aAhAqMA07bsvxvzwZ6hpozaHM-VYl7k # # Bombardier Updates 2025 Strategic Objectives to Reflect Strong Performance = and Solid Business Fundamentals On 23 March, Bombardier hosted its 2023 Investor Day. =C3=89ric Martel, Bom= bardier=E2=80=99s President and CEO, along with Paul Sislian, Executive Vic= e President, Aftermarket Services & Strategy, and Bart Demosky, Executive V= ice President and Chief Financial Officer, presented an overview of the com= pany=E2=80=99s solid progress made, together with new opportunities for div= ersified growth. =E2=80=9CIn 2021, we laid the foundation for a stronger, more resilient and= predictable Bombardier by 2025. Halfway down the road, we can say we are d= elivering on that promise,=E2=80=9D said Martel. =E2=80=9CAll of Bombardier= =E2=80=99s strategic priorities are on track or ahead of plan. We are there= fore proud to announce today that we are confidently raising the bar. =E2=80=9CThe future is bright for Bombardier. While we are carefully monito= ring the current market situation, we know that we have all the ingredients= in place to remain a driving force in the industry. Our financial performa= nce allows us to secure our vision for the future, and enable our exception= al, dedicated and passionate teams to lead the way toward more sustainable = aviation.=E2=80=9D Updated 2025 objectives reflect strong execution and confidence in business= fundamentals. Based on strong business execution and fundamentals, Bombard= ier announced that it is updating its 2025 objectives. The company is now t= argeting more than $9 billion in annual revenue by 2025, with an adjusted E= BITDA(2) of more than $1,625 million, and a healthy adjusted EBITDA margin(= 3) of approximately 18%. Bombardier also expects to generate significant free cash flow in the comin= g years, to the tune of more than $900 million per year by 2025 and will co= ntinue to de-lever its business, now expecting to reach a net leverage rati= o in the range of 2.0x to 2.5x. Between 2020 and 2022, Bombardier=E2=80=99s revenues grew 23%, to $6.9 bill= ion. The expanded aftermarket business was an important contributor, with r= evenues increasing by more than 50% in the same period. The company more th= an quadrupled its profitability to $930 million in adjusted EBITDA, and gen= erated $835 million in free cash flow over the last two years. In terms of deleveraging, Bombardier kept up its opportunistic and proactiv= e approach and has reduced its total debt by $4.5 billion, when including t= his year=E2=80=99s debt-related transactions, a 45% reduction compared to 2= 020. This also resulted in credit rating upgrades from both S&P and Moody= =E2=80=99s in 2022. With continued strong demand in the medium and large business jet categorie= s, Bombardier says that it is well positioned with its industry-leading Cha= llenger and Global platforms. Over the past two years, the company introduc= ed the new Global 8000, an evolution of the industry flagship Global 7500 a= ircraft, further solidifying Bombardier=E2=80=99s leadership position in th= e large jet segment. Bombardier also upgraded its best-selling Challenger 300 family with the Ch= allenger 3500, an addition that has maintained Bombardier as the leader of = the super mid-size market. Thanks to its outstanding portfolio, Bombardier = had the highest number of deliveries among business jet manufacturers for t= he last two years, as reported by the General Aviation Manufacturers Associ= ation (GAMA). Bombardier has invested significantly into its aftermarket business since 2= 020, and it has played an important role in the diversification of its reve= nues. The company=E2=80=99s service footprint has grown by close to one mil= lion square feet of new capacity worldwide, and its Aftermarket team has ad= ded more than 250 skilled technicians to its ranks. The strategy is working: Bombardier has increased aftermarket revenues more= than 50% since 2020, and is on track to meet its goal of $2 billion by 202= 5, with clear opportunity for growth beyond that point. # https://r.news.bizavltd.com/mk/cl/f/Xj6GX8qToEdJ4E2CMG_8V_1UKKJpaOUA7zXqcxQ= OHYshnaasOcEYaoKJYQzhQ6LqU-3oRLVmzDegBKX6eKPHy1H9kfZjHi_3p8XuYhJSiEjg-Zoscn= WTs_LDKpbnQqlq0JLAdf6FGzcB9_qfnjGvPl6xCSkditH-7N6CoyVDUjruCGsiGWJCUYHes1cRj= xV7pr6ikzqrEs_le_0R75pBr6EkTpRitWI5zDmmC_vhOyPwFErTia46q9in0zRkUnB7H39QWYkt= AQgxp1cl6K13HhCKTgZ9JByCJC7sJ_8mf_JlC5ERDN5XCLRx28Bya1Nx1A # # Belize Ministry of National Defence and Border Security receives first mult= i-mission Cessna Grand Caravan ex-Aircraft Textron Aviation Inc. today announced it has delivered a special mission Ce= ssna Grand Caravan EX aircraft to the Belize Ministry of National Defense a= nd Border Security. The Foreign Military Sale (FMS) contract was executed b= y the U.S. Army Contracting Command, Redstone Arsenal, Huntsville, Alabama. The Cessna Grand Caravan EX aircraft is designed and manufactured by Textro= n Aviation, a Textron Inc. (NYSE:TXT) company. =E2=80=9CThe Grand Caravan EX delivered to the Belize Ministry of National = Defense and Border Security will be used as a multi-mission platform for In= telligence, Surveillance and Reconnaissance (ISR), Casualty Evacuation (CAS= EVAC), Search and Rescue (SAR), Air Mobility, Light Air Drop and other oper= ations as necessary,=E2=80=9D said Bob Gibbs, vice president, Special Missi= on Sales. =E2=80=9CThis is the first Caravan EX in the service of the Beliz= e Ministry of National Defense and Border Security.=E2=80=9D This Grand Caravan EX is fitted with an Electro-Optical/Infra-Red (EO/IR) s= ensor, operator mission console, tactical radios and data link. Textron Avi= ation will provide pilot, mission operator and maintenance training, as wel= l as an in-country field service representative. The Cessna Caravan platform has seen more than 3,000 aircraft delivered tha= t are certified in 100 countries with nearly 24 million flight hours amasse= d worldwide since the aircraft was introduced. Caravans fulfill roles for m= ultiple missions, ranging from flight training to recreation, commuter airl= ines to VIP transport, cargo carriers and humanitarian missions. The Grand Caravan EX aircraft is known for its dependable and efficient per= formance by regional airlines, charter operators, cargo carriers and specia= l mission operators worldwide. The aircraft offers an impressive output of = 867 horsepower and a rate of climb of 1,275 feet per minute. A Textron spokesperson said: =E2=80=9CWhen government, military and commerc= ial customers want airborne solutions for critical missions, they turn to T= extron Aviation. The company=E2=80=99s aviation solutions provide the high = performance and flight characteristics required to address the unique chall= enges of special mission operations.=E2=80=9D # https://r.news.bizavltd.com/mk/cl/f/wLXaIuuZpWb9Zfv5cXtn7f_hE_ODManMcbkI6P7= ZMxcSkFA2l5MAnAle2eHodRSxUefUmbixDNde0IgjfCbqtct1KgoVh3337ST_FUKuT_4qY5IH87= HQ1AZg2tCA0Qv7Suvxz9CAbP27f7Owa0AZvDc_pSr-6oBWzRwO0wVv2TTNurU1hUwMnu5Y8W4bi= qe8H5Qp2MMyoISQIOXTm32SoPoVSweDSNOLe0e6pQOLIq7D-wbmlx-yDaDBOoiahGaPVRRpjLra= s7bhe3P-v5E37K4vDf3LEWUplSis12umCAWfFSszwnj06j3HWOOcn7OhXQLyqQ # # Avfuel Helps Neste Supply SAF to Boeing Boeing will purchase 5.6 million gallons (21.2 million liters) of blended s= ustainable aviation fuel (SAF) to support their carbon footprint reduction = strategy through 2023. The total volume of Neste MY Sustainable Aviation Fuel=E2=84=A2 supplied is= approximately 1.7 million gallons (5,200 tons). The blended SAF will be su= pplied to Boeing by Neste=E2=80=99s partners EPIC Fuels, Signature Aviation= , and Avfuel. Boeing has agreed to purchase Neste MY Sustainable Aviation Fuel=E2=84=A2 s= upplied by EPIC Fuels, Signature Aviation and Avfuel to power its U.S. comm= ercial operations through 2023. These fuel purchases more than double Boein= g=E2=80=99s SAF procurement from last year. Neste=E2=80=99s SAF will be ble= nded with conventional jet fuel at a 30/70 ratio to produce 5.6 million gal= lons of blended SAF. =E2=80=9CAs one of the top aircraft manufacturers in the world, Boeing is s= ending a clear message to the entire aviation industry through this purchas= e that SAF is a key solution to reduce greenhouse gas emissions from flying= ,=E2=80=9D said Michael Sargeant, Vice President Americas, Renewable Aviati= on at Neste. =E2=80=9CWe are proud to be a part of this collaboration along= with our partners EPIC Fuels, Signature Aviation and Avfuel.=E2=80=9D EPIC Fuels, Signature and Avfuel will supply blended SAF for Boeing=E2=80= =99s ecoDemonstrator program and the company=E2=80=99s fuel storage in Wash= ington state and South Carolina. Additionally, EPIC Fuels and Signature wil= l supply blended SAF for generating emissions reduction benefits for Boeing= to allocate for company operations including Dreamlifter and executive fli= ghts, and commercial airplane deliveries. In 2021, Boeing committed to deli= ver its commercial airplanes capable and certified to fly on 100% SAF by 20= 30. SAF is a next generation aviation fuel providing a more sustainable alterna= tive to conventional, fossil based jet fuel. It is widely recognized as a k= ey lever to achieve aviation=E2=80=99s emission reduction goals. Using Nest= e MY Sustainable Aviation Fuel=E2=84=A2 reduces greenhouse gas emissions by= up to 80%* over the fuel=E2=80=99s life cycle, compared to using conventio= nal jet fuel. Neste=E2=80=99s SAF is made from sustainably sourced, 100% renewable waste = and residue raw materials, such as used cooking oil and animal fat waste. S= AF is certified for commercial use and can currently be blended up to 50% w= ith traditional jet fuel without modifications to airplanes, engines or fue= ling infrastructure. # https://r.news.bizavltd.com/mk/cl/f/Mlns_hFV6eQo-h03QD8uJT7-S27X11bpNUXwMwv= ZKpIxUHwCiH8NMmROP96dsi5eckbh_x9m2C_4-hyoZgY_1w1M5F0MMjD-3PLtVKdhBFfzvZvSAB= 8V_wF5rvc1AFB7D7-b3x21rnloeqOvTdJDXnGzYtDjsZswyMoRb7YQiqNorXXebsTZleAw3J4VU= 8d4eQYOZOc-FNy0pBMqf6lo2sE09R9RyB3Anwx-a7NTsL2eibNxkE95KeqvO_ZoPOGoLMEzLDbM= N0z19Uu6wXK7uce6TSoEnN4AL75l0IxhgRPk4svA6LH2AriZ0-WRoH0a # # Pilatus Reports One of Its Best Years Ever The 2022 financial year was a very successful one for Pilatus. The company = benefitted from high demand, despite the unpredictable period. With sales o= f 1.3 billion Swiss francs, operating income of 226 million Swiss francs an= d orders worth 1.6 billion Swiss francs, Pilatus achieved a very positive s= et of results. Pilatus improved yet again on a very successful performance in 2021. 40 PC-= 24s, 80 PC-12 NGXs, 10 PC-21s and 3 PC-6s were delivered in 2022. In the Ge= neral Aviation Business Unit, for example, a purchase agreement for over 20= PC-12 NGXs was signed with the US company Tradewind Aviation, virtually do= ubling this business airline=E2=80=99s fleet. 2022 also brought its share o= f major challenges. Pilatus had to contend with disruptions to supply chain= s, which impacted negatively on production operations. Markus Bucher, CEO of Pilatus, says the past year was very positive overall= : =E2=80=9CRarely has the company had to operate in such a geopolitically u= npredictable period. Never before have we encountered such serious supply c= hain difficulties. Pilatus has achieved a lot whilst also benefitting from = exceptionally high demand for our unique aircraft." Hansueli Loosli, Chairman of the Board of Directors of Pilatus, adds: =E2= =80=9CI=E2=80=99m very happy with the year-end results and the Pilatus team= performed very well. Our PC-12 NGXs and PC-24s were, and are, absolute bes= tsellers, our order books are full. No new orders for trainer aircraft were= signed last year, but the demand is there in Government Aviation as well, = and we receive a high volume of enquiries. I=E2=80=99m very confident that = we will reel in an order soon!=E2=80=9D Aircraft deliveries account for a substantial share of the business results= , but the customer service business continues to grow as well =E2=80=93 by = around ten percent over the past year. Last year also saw Pilatus acquire S= kytech Inc., the US Sales and Service Centre, gaining another 93 full-time = employees overnight. Skytech will continue to sell and service PC-24s and P= C-12s on an independent basis along the Eastern Seaboard. Breaking with the tradition of the past 25 years, the 2,300 employees at th= e headquarters in Stans, Switzerland, will no longer receive a bonus paymen= t. In return, Pilatus will raise monthly salaries by incorporating the maxi= mum bonus payout in order to better meet the expectations of all employees.= This change will make Pilatus even more attractive as an employer. The new year has also got off to a confident start and promises many highli= ghts: the construction of the maintenance hangar in Buochs will start by mi= d-2023. And delivery of the 2,000th PC-12 and 200th PC-24 will go ahead dur= ing the current year. An additional building for the production of composit= e components is also planned at the Ennetb=C3=BCrgen site. Further proof th= at Pilatus remains firmly committed to Switzerland as a centre for ideas, w= ork and training! # https://r.news.bizavltd.com/mk/cl/f/LcMyQf-0QktLN20cKGkbvseaGHl2WO9scR67CdY= TNbZj25SslPS22esrKHkGThxwtSxnlSA431jdFc8rwBODj0VU7EIu5aS4t4WbvxI7_7TO0IKWAz= 0foE_fhM5j4MVVH4eyXYuxk6H4KRzJ5tqXiAIoFXL58h2YYFrHfLAC3URY97-XVcCasR0mF7aSN= K7fMxQlxuxgTmx_UxGZFpXCbgqRgo5H-L5YhNsTPQUu0ndwAiaBZRu8wPapktwp9tFyHWxfyHrE= WZ8QguFumcQoPlgqLgkAOa_RmmvDjhsUWpfGDxu1Md7Rdu3F # # Duncan Aviation reconfigures Falcon 900EX Duncan Aviation is excited to showcase this Falcon 900EX that was completel= y transformed and reconfigured at its full-service MRO facility in Battle C= reek, Michigan. The aircraft features a new credenza, eye-catching center d= ividers, and unifying details that give the interior a dramatic and modern = style. When the aircraft arrived in Battle Creek, it lacked the character and uniq= ueness the customer wanted. To create the interior desired by the owner, ab= solutely everything in the interior was touched or replaced as part of the = refurbishment. =E2=80=9CIt had a very traditional corporate jet interior,=E2=80=9D explain= ed Duncan Aviation Lead Designer Heather Pridemore. =E2=80=9CThe cabin fini= shes were dated and consisted of dark red wood, beige tones, and a world ma= p on the conference table.=E2=80=9D The customer wanted a stately, black-and-white aesthetic. He also wanted to= add more seating, along with an area to lie down and relax. To accommodate= the owner=E2=80=99s requests, the Duncan Aviation team removed the single = seat in the aft cabin, replacing it with a three-place divan. A new credenz= a was designed, fabricated and installed with a contemporary seating surfac= e. To create privacy while keeping the cabin =E2=80=9Copen,=E2=80=9D they crea= ted unique partitions with transparent acrylic panels accented by veneer. =E2=80=9CThe customer wanted privacy while lounging in the aft cabin, witho= ut feeling cut-off from the rest of the aircraft,=E2=80=9D explained Pridem= ore. =E2=80=9CThis creative divider design was the perfect solution!=E2=80= =9D The team incorporated subtle design cues to streamline the interior, such a= s running the veneer grain forward to aft, updating the lav vanity to a mod= ern, straight look, and installing new light lenses. With all of the changes taking place in the interior, the exterior required= the same amount of attention. A new paint design was created to meet the o= wner=E2=80=99s expectations of an equally modern design on the exterior. The exterior layout included a black-and-white, two-tone design with metall= ic silver accents to give a bold presence on the ramp. The sleek lines and = flowing curves evoke a sense of speed and motion. As the lead designer on the project, Pridemore is thrilled to see the final= project and how the Duncan Aviation team was able to check off every box o= n the owner=E2=80=99s list of upgrades. =E2=80=9CThere were a lot of new ideas put into the interior,=E2=80=9D said= Pridemore. =E2=80=9CWe all worked together and explored new designs to rea= lize the customer=E2=80=99s vision. I am so proud of all of our team member= s in helping create such a unique and beautiful aircraft!=E2=80=9D Duncan Aviation Completions Sales Representative Suzanne Hawes said she enj= oyed seeing the detailed work and pride all the shops put into the aircraft= . =E2=80=9CIt=E2=80=99s a beautiful showpiece,=E2=80=9D said Hawes. The aircraft also received a 3C Inspection, API Winglets, LED lighting, and= display upgrades. # https://r.news.bizavltd.com/mk/cl/f/AIsmrU7YLV9KkWfHzcfSAUfi_E59vWCUm3f9X-P= gHzEtlrTLTiWeaa9WenFOPw4ZFjBcdaAhMXWmys9UdukEwEN2SKWQGTeMX4exhflqv--GqSnu5f= EBb-RfI6uGVxrQ8tLzF4lLRwm9XggauayqCry8hMAVgW63V-2hxdlrv5-xkhaGhcnTWpUVPMwzx= T2IepZGUeWaGl5JETZv5l-QP-3eBE5jsFoDw-QVfcIiIWCMsGHq4Kuo9xGECati2U_B0Ns8tJcb= 1tt-KHWe-evWhxEMO8qbCIRZhGdFKoNcChfmOeM4NTf9BnjDXqQUFY9QklkJ6qwB52su3oi0Vc9= 8-7Otp2zdc783sTVamw # # Gogo Announces Record Fourth Quarter and 2022 Results, Provides 2023 Guidan= ce and Updates Long-Term Targets Gogo Inc., the world=E2=80=99s largest provider of broadband connectivity s= ervices for the business aviation market, has announced its financial resul= ts for the quarter and full-year ended December 31, 2022. Q4 2022 Highlights - Record total revenue of $108.2 million increased 17% compared to Q4 2021,= fueled by strong growth in both service and equipment revenue. - Record service revenue of $77.3 million increased 12% compared to Q4 2021= and 3% compared to Q3 2022. - Record equipment revenue of $30.8 million increased 34% compared to Q4 20= 21 and 2% compared to Q3 2022. AVANCE equipment units shipped totaled a record 390, an increase of 36% com= pared to Q4 2021 and a slight increase compared to the previous quarterly r= ecord set in Q3 2022. Total ATG aircraft online (=E2=80=9CAOL=E2=80=9D) reached 6,935 an increase= of 8% compared to Q4 2021 and 2% compared to Q3 2022. Total AVANCE units online grew to 3,279, an increase of 31% compared to Q4 = 2021 and 6% compared to Q3 2022. AVANCE units comprised more than 47% of to= tal AOL as of December 31, 2022, up from 39% as of December 31, 2021. Average monthly revenue per ATG aircraft online (=E2=80=9CARPU=E2=80=9D) of= $3,370 increased 2% compared to Q4 2021 and decreased slightly compared to= Q3 2022. Net income from continuing operations decreased to $27.7 million from $209.= 1 million in Q4 2021. Q4 2022 net income from continuing operations is net = of a $3.0 million income tax provision compared to an income tax benefit of= $187.7 million in Q4 2021. Diluted earnings per share from continuing operations was $0.21 compared to= $1.57 in Q4 2021, driven primarily by the income tax benefit in Q4 2021. Record Adjusted EBITDA of $46.2 million, which includes approximately $1 mi= llion of expenses related to Global Broadband, increased 17% compared to Q4= 2021 and 6% compared to Q3 2022. Cash provided by operating activities from continuing operations of $31.5 m= illion in Q4 2022 increased from $30.3 million in the prior year period. Free Cash Flow was $25.0 million in Q4 2022 compared to $25.7 million in th= e prior year period and increased from $8.5 million in Q3 2022. Cash, cash equivalents and short-term investments totaled $175.3 million as= of December 31, 2022 compared to $152.2 million as of September 30, 2022. = Cash and cash equivalents reflect the Company=E2=80=99s September repurchas= e of 1.5 million shares of common stock for $18.4 million in a private tran= saction. Full Year 2022 Highlights - Record total revenue of $404.1 million increased 20% compared to 2021. - Record service revenue of $296.3 million increased 14% compared to 2021. - Record equipment revenue of $107.7 million increased 42% compared to 2021= . - Record ARPU of $3,349 increased 3% compared to 2021. Net income from continuing operations decreased to $92.1 million compared t= o $156.6 million in 2021. The prior year included a $187.2 million tax bene= fit. Adjusted EBITDA of $173.8 million increased 15% compared to 2021. Cash provided by operating activities from continuing operations increased = to $103.4 million compared to $66.7 million in 2021. Free Cash Flow increased to $57.8 million compared to $49.4 million in 2021= . =E2=80=9COur equipment revenue surged, which bodes well for future service = revenue, as Gogo met extraordinary demand for inflight connectivity and del= ivered a 50% increase in equipment shipments despite global supply chain co= nstraints in 2022,=E2=80=9D said Oakleigh Thorne, Chairman and CEO. =E2=80=9CWe=E2=80=99re also on track to commercially launch our 5G service = in Q4 this year, and our LEO-based Global Broadband product in the second h= alf of 2024.=E2=80=9D =E2=80=9COur strong financial results underpin our confidence in our financ= ial targets,=E2=80=9D said Barry Rowan, Executive Vice President and CFO. = =E2=80=9CWe have extended our long-term revenue growth target of 17% from 2= 022 through 2027 and reiterate our target for over $200 million in Free Cas= h Flow beginning in 2025.=E2=80=9D 2023 Financial Guidance and Long-Term Financial Targets The Company is providing the following guidance for 2023: Total revenue in the range of $440 million to $455 million. Adjusted EBITDA of $150 million to $160 million, reflecting operating expen= ses of approximately $30 million for strategic and operational initiatives = including Gogo 5G and Global Broadband. Free Cash Flow of $80 million to $90 million. Free Cash Flow includes capit= al expenditures of approximately $30 million to $40 million, of which $20 m= illion is tied to Gogo 5G. The Company provides the following long-term financial targets: Revenue growth at a compound annual growth rate of approximately 17% from 2= 022 through 2027, with Global Broadband contributing to revenue beginning i= n 2025. Annual Adjusted EBITDA Margin in the mid-40% range by 2027. Free Cash Flow of more than $200 million beginning in 2025 and growing ther= eafter, consistent with the prior target. The Company=E2=80=99s 2023 financial guidance and long-term targets include= Gogo 5G and Global Broadband but do not reflect the impact of the Federal = Communications Commission=E2=80=99s Secure and Trusted Communications Netwo= rks Reimbursement Program (the =E2=80=9CFCC Program=E2=80=9D), as the Compa= ny awaits further information regarding whether Congress will appropriate a= dditional funds. # https://r.news.bizavltd.com/mk/cl/f/sNmvimdnWuH_I0CEM7ZEtheNFZZCMbve00xe7Hk= b-Q-gI2yC9PnMf2t3hEwuSEM4fUqbwnVsnK-vNz2DddnoOCsjeOOejX-k1Sk3O6DgeTt17XBR8h= yTTAk6TPEOiarVj1TzQenbtR13GUw2Pee2_aXM92LJc2A7-MHam0ONzzKlisGw2Z5tXG97tw_V4= hnbqZNItsNxAqSWB-bUCjKPcQzy-hRAKIkN1wJiDHbs0OzTQJy7YYuRHaTKWftsIKM7OA0fGTIC= EgrHsnS5y3100t1ijIx2OcXv1OfNONsj1REZ7V0s-FyM6Pf-9ETJBai6FKyrGhUrMKCHCvpmAQk= c # # Bestfly and Krimson Aviation form Joint Venture, BFK Aviation, to support d= evelopment in emerging markets Angolan aircraft operator Bestfly and Addis Ababa-headquartered flight supp= ort, charter, and aviation consultancy Krimson Aviation, have formed a new = Joint Venture, BFK Aviation. The entity brings together two powerhouses of = business aviation in Africa with the sole intent of supporting the evolutio= n and growth of the industry in emerging markets around the globe. Bestfly and Krimson Aviation, under the leadership of Nuno Pereira and Dawi= t Lemma, respectively, have been integral in establishing the foundations o= f the sector across the vast continent of Africa and now intend to share th= e accumulated knowledge and experience with stakeholders seeking to optimiz= e its benefits in new and evolving markets. Demonstrating the value of the proposition, the first partnership agreement= has already been signed with Xen Aviation, the Georgetown, Guyana-based op= erator and aviation services provider. BFK Aviation will support the needs = of Xen Aviation=E2=80=99s expanding flight and ground services for current = and future operations. Bestfly, already well versed in supporting the oil and gas industry in Ango= la, will provide aircraft operational know-how, while Krimson will provide = all ground support and maintenance service intelligence. The signing follow= s the success of the Guyana Energy Expo, held in Georgetown in February, an= d highlights the rapid growth of the oil and gas sector in Guyana, and the = surrounding region, which is driving increased demand for rotary and fixed-= wing operations. Bestfly is Angola=E2=80=99s largest business aviation services provider ope= rating a fleet of some thirty aircraft including turboprops, executive jets= , regional airliners, and helicopters flying within Angola, Africa and inte= rnationally; as well as a commercial operator flying scheduled routes to Ca= bo Verde. As one of the first African aviation companies to be granted IS-B= AO status, Pereira and his team are familiar with the rigour and quality re= quired to meet and exceed international standards and customer expectations= . Krimson Aviation has expanded significantly since launch and provides a r= ange of ground handling, trip support and consultancy services for aviation= customers in more than twenty African countries. Bestfly is one of the founding members of the African Business Aviation Ass= ociation, and Pereira, as a board member, was critical in securing its inau= guration and subsequent successful development. Lemma has also been a signi= ficant force in the association's development and is VP International and a= board member. Their collective experience of shaping the evolution of Afri= ca=E2=80=99s business aviation development, mutual extensive global network= , and understanding of what it takes to affect a positive change in the per= ception of business aviation, intra- and inter-continentally, positions the= m well to support commercial, sustainable transformation in evolving market= s. =E2=80=9CUndoubtedly, we can enable and enhance credible operations in chal= lenging and dynamic operating environments. We want to harness this very sp= ecific knowledge and understanding to support stakeholders in nations that = want to maximize the sector's benefits but are still at the early stages of= development,=E2=80=9D says Lemma. Pereira adds, =E2=80=9CAt Bestfly, we have worked extremely hard to create = aircraft operations that are internationally respected, and we are known fo= r our professionalism, excellence and reliability as we have a real underst= anding of what it takes to service the changing demands of our internationa= l oil and gas, mining and agricultural customers.=E2=80=9D =E2=80=9CWorking with BFK Aviation will add value to our existing operation= s, support the development of new standard operating procedures, and we kno= w will raise the bar wherever we work to implement best industry practices,= =E2=80=9D adds Ronaldo Alphonso, Managing Director, Xen Aviation. =E2=80=9C= We=E2=80=99re excited for what the future holds for us, BFK and the busines= s aviation sector in our region.=E2=80=9D About Krimson Krimson launched in 2015 to provide aviation services with integrity and ex= cellence. Based at Addis Ababa Bole International Airport, the team offers = 24/7 support fulfilling a range of aviation services, including ground hand= ling, flight support, refuelling, charter brokerage and aviation communicat= ions. Customers originate from around the world to take advantage of the lo= cal expertise in Ethiopia and across Africa. Krimson offers full flight support, ground handling, charter brokerage and = other aviation services within Ethiopia and East Africa to a range of aviat= ion customers, including commercial airlines, business aviation operators, = and trip planning companies. Led by Dawit Lemma, a Swiss citizen of Ethiopian origins, the diverse team = of aviation experts is committed to service excellence combined with care a= nd discretion. # https://r.news.bizavltd.com/mk/cl/f/jgq5AvrgVP-qRSc7YoQwtQeV0B8__cKTiyiWFTX= 5KCtK-2YjxdgY8Z1oWnB9t88ROfCXWz5kqCU4RDq3HHen5pvlVjZ3soo9a07PkSjv46XX4i-jvH= uhhEssRfog8nz9wVHe4tJK-967bgoRSmDUhCVOIKCmmrdntCss2agTzGMBPEgDDqvMIEu7e6os2= VZkAjMql_Or8Fk93yF4tuxuGR4zVb_U-FkPPjYgKriBriv6rbKpgibxg4A76m66oViOOFCANgAF= ZBod0Rlor4LFQOHhQK8Zm5Dv81gAZzXWiro8idJVQxj8H3mxpZCIeq8UEbxAHQqyk6kBz2k86gO= E # # # Air bp announces first sale of ISCC EU sustainable aviation fuel produced a= t bp=E2=80=99s Castellon refinery Air bp, the international aviation fuel products and service supplier, has = announced the first sale of International Sustainability and Carbon Certifi= cation (ISCC) EU SAF from bp=E2=80=99s Castellon refinery in Spain. The fli= ght was carried out by LATAM Cargo Chile from Zaragoza, Spain to North Amer= ica. This latest announcement builds on its experience of supplying ISCC Plus SA= F, first supplied in July 2021*. Underlining the role of co-processing usin= g existing refineries to meet SAF demand, this ISCC EU SAF is produced from= sustainable feedstocks processed alongside fossil feedstocks. =E2=80=9CThis latest announcement marks another important milestone for Air= bp as we work towards making SAF more available. As a key step in replacin= g fossil fuel with renewable feedstock within existing refineries, co-proce= ssing has an integral role to play in scaling up SAF production in the most= economical and efficient way. We believe that all technologies and pathway= s, and both standalone and co-processing are needed to help the industry de= carbonise and reach its goal of net zero by 2050. The supply of ISCC EU SAF= from Castellon will open new opportunities throughout the country and beyo= nd,=E2=80=9D said Andreea Moyes, Air bp=E2=80=99s global sustainability dir= ector. =E2=80=9CWe are proud to collaborate with Air bp as its first customer to r= efuel with ISCC EU SAF from the Castellon refinery. This flight represents = one of our most concrete steps in our SAF fuel agenda. As a group, LATAM is= committed to contributing to the protection and care of the environment, s= o this first fuelling reflects the importance of the collaboration of all p= layers in the logistics chain including AENA and Exolum," said Andr=C3=A9s = Bianchi, CEO of LATAM Cargo. The ISCC EU SAF supplied by Air bp is made from waste based sustainable fee= dstock which is procured by the Castellon refinery and co-processed togethe= r with fossil fuel. Currently co-processing of sustainable feedstock at up = to 5% is permitted within the jet fuel specification and bp has launched an= industry taskforce looking to increase this to 30%. This sustainable compo= nent has an attributed saving of around 80% carbon emissions over its lifec= ycle compared with the conventional jet fuel it replaces. bp aims to increase SAF production further in future and this week announce= d that as part of the Hydrogen Cluster of the Valencia Region (HyVal), its = production of biofuels, including SAF, is expected to increase three-fold, = to 650,000 tonnes a year 2030 in Castell=C3=B3n. Green hydrogen will be use= d as a feedstock for the production of SAF in an independent unit. Air bp has been enabling ground-breaking test flights and investing in sust= ainable alternatives since 2008. To date, the business has supplied SAF to = over 30 locations. # https://r.news.bizavltd.com/mk/cl/f/K9gCxRofUITMkRUyBwZl9LSYXXbaScGXrCHTCoI= 3c0VTPq8JyB7pWeXlpCSt2ozEKu-Mi9Exp_rJ4f2SnQLYc53j-cb7J-EBoIVZBFFx-EyFQiLoJX= 6GKO_NkCaO60VmYewPszjsBwnuWFZcaz3iZvsB-R3ODtxbIaisJzeAXGHe8UuyUTn6KK_NXTiZf= Z5nfycjimC_7Sa2R-sZz4LEKKJTV_YE2u5nhrztCXybkO17Bp_ygKQbtn5ymYzNoEth-Hupno0q= 6CVcijFFDCUuy8op1PDWXuG_8tzGNyY9ZQkbcs2cNNTUKXVCVmD_0108nm3Ef5QoBb-YH5C_R0y= T # https://r.news.bizavltd.com/mk/cl/f/Hk_r9zguV2Koew3zM_jH-ACX-yyHe9Z2v5V23fg= hwZ-v85rbxo8SQ-Mm3A3vOcDe5cu-dYCWF1VYA8GQTvNOiHLTlzVnLI4lud_fDK3AwIInUBjv0D= wG1XbAJdikfi8gUZ32wnvHoxAfrTAcFarOiNBO6pJLsvIbYUnZSC-lwawMWVxpkN6wgA2iDyBz6= tsaN0cJryn7lspN9L0D6zYNJdnJnDNxfiRZ9bGO-sLH6cjO0dgJnq1teXNjFeguzPzZ14uaQHjk= xTu7xEHef2cKNJuEFsvf6-KAZKtT_zV6dkeofhpKTJ9Kl3lE0M7Dgei_vrZYXnMN1A0QXJvPsZk= 83srotsfybndr962fAld6fXciplbztI5O1YBIO9TWgBLIifsh5K4PynKyi8BK4_0RHXwQUaFvgT= XJr0J_2HNA5w # https://r.news.bizavltd.com/mk/cl/f/r1V0mikiWWDD_OPB6X6_3_l8GD19iyBqFyAo6Ir= Y_wlH6ppLxhjVfZ1gkHzEqhLzw39rCJxco33hsK08AqFgj335JIE-fV8gakDwBRifMtCZk31nx2= l1FmsuN6Vu6DGyaoGCmNokkKf7I1Z5X-JvtkeDrVUUJqhFizE50GOGyOvxSGsr-2mmNKQXrcbHA= BOqb3nuvpB7VFfUFNK05C0C9d8tDB9RgyTGZQeYIJNvyLcb2EKhlZly_hdl2ob13fwgPJ481s2X= KhxjeXD29Qb6cIPqq5h1KQ9OLPM3aC0tYxpfQfculrQxe5PP_IelzRv4KFINiRnXuVVilREaU-L= a # https://r.news.bizavltd.com/mk/cl/f/Y9Iss1NFLKYOBQ5d0HyoTYr4uXLF0ON6VHRoyAV= TaIRCzu2v-jE03u6-HOSqv1e4knP1TGArNLndelgjRvEh6hTcBmH5GO-G2VE-4Ls9aewtixGGIa= P3OlgN1gFYIfrzPKlB5oN62bJGbB6qkJfgqw1HUmK5H6AZQDCGlFw8EF_DzTQsNT7HZ85TkuGbG= R9t_rdhadoG25s_oLzM1g5vZJTvG_qslV6KqpTe8dBE6-3PZPYttmbWoFN7kaxWUTBgMxqICDOT= Dh-oyc6ZTL3djxC1W8je8i2AzGS7Fl4eus4VLh5gHBTeKn-Cve5YGKH7nyjYQtDfuLVYqpDyI1E= 4 https://r.news.bizavltd.com/mk/cl/f/sKfhcmgaX1MqRtc2IsOePZwAsI6RsAQgveoxpxo= ULtrQ7UcbKDpw_SKg4lR2qrWyTNvQr1VLBi4Yw_58dP4lNgMLJaCouk0bntsT9mxZQ6YeoyD3c7= TtbYLpOnoiPLKkcqbTUx_EcTIh_7v-jtcgLbLkknwfPk0QGSvyu-6TAlUeLCPkxUuMbTLodZiCD= mQ2Q4syNUEk619Uo7qvyy_G1Ov-4NGo6oT5fhaYmryZiCp-RAGDh91IbKZaL7IZpHApYQsc50G4= v-at-KS_E_wjUYv8TwsTggMQFNAc-pS9m_seE6TNR9u_ZaY7JUFn05rhtycBa15oParXLNExhIE= M # https://r.news.bizavltd.com/mk/cl/f/cooYoVDDAHPcJEUNm40Fo-7YCEMqkd_iHH5waqP= cK-ni-gQAEJ5OaQeTJXQoGctkUTMU6T5tzlZA2GdyQH4xwhqQayfYUYc2NFz9AWnw1yJU713_WV= KfzXHpEEDlwXhAPoum1z5X_XMzK7sDr1KGUqfgjvuJOMqY1Ttz69yZ63gQaiaE8HU40NFC97rbm= RZCD7xWLDTrJk4N8V6bqJJGDnbqk55dMevPi_Q2Ax0MEHw2w0YRgy4dkA8P3H2uyVvt_CJd0MQn= dOBiM68_x01cWbX_Oz6XDpkTkfWzV20s_Hfd5tQMlYA9p0pQbj97i7Td_VUkJl871J49oPpzjzQ= D # In January 2021, BAM initiated our monthly newsletter blast going out to ov= er 150,000 executives across the business aviation industry. If you would like to have your latest press release considered for inclusio= n (we limit the NL to 10 - 14 releases) please get in touch with our publis= her and CEO, Max Raja, at max@bizavltd.com or on +44 (0)203 865 3736 The monthly newsletter represents a great branding opportunity and Max will= be happy to discuss pricing for advertising in the newsletter. # [Advertise in our next issue or news roundup](https://r.news.bizavltd.com/m= k/cl/f/OOt4OQkaGuH1UZMkDTr3fhBDzRdYEkJd_WWCqwjJITB7F67wvlM9IcT_3FDKtqr67aGF= Q8CzJrCtyNLt6QHKzJ9c8vL8yG0bXMFGWNfghxYVcBAVmn3E8kyOBFTJCqkrubpn4ivnvbawDa-= acdZUlfYtAz6Yi09ByeWYiXI62avBnmZmNqfkzX9eFwOBJi33W16fYUto1w04nEDdqHiNHIKmAT= ADmu-_HaC-Z8duUMeaq9KlJTfyyGVNsTPUt98G-s4kqS8hhb8dFsdJ12WuetBzxgVzw2BnfWaRY= gxIm3ogBZ7T-octMTP6Rop0HxmXeo_rr8OJfw9G9rr_1AJx) # https://r.news.bizavltd.com/mk/cl/f/nSgtGpiErtQYUDSssi1zHmLbgu7njMCHR9LhQp4= EChQk2oJGu_NhObitpHsIUa7z3wodKlcEnlM_qN_F-LjprkMZDWF3OdXJQwJ6jOLBVhNFKf6Ywa= hq-sypwdzmcr9yFu71lvhT17FkujFz6eLme9y8517p931uTA3H4mer_Wgz1Z1ZWYuEKeXOS2KkM= zt626MrTDHZdTdPWjx6Ga9yU6JPrNX8UXZHPLGlBwA1y80UK21YeiwteWyKiX_P7hL78hrwoV_q= MJFNIUVBSY1ePzp7FEeAOROFgiQ0aFXeuhIoaASPRFwclbC_xr2ap6q6IFLtMFhbxOd9XrXEbcE= KT1U # Business Aviation Magazine is a subsidiary of[BizAv Media Ltd](https://r.news.bizavltd.com/mk/cl/f/bYo= 0wNImAOXJ88x6mnaB0FUUYmtv6s4sbnKe__yFqNp-f1Hs5VffBE9Ut4oYeyeJhyODwjXGh-D43k= ITEVoQ1DPW1TjSfoC26nm_iwgqHfciI18L8EWqrqdOVulZOXEFmMY4GEnyBlvCOZMLi4T1YYDXl= GmAg1KtZGot4nET2j2uHLmmqyrF7jXQqeDcsyZ7_Bdg8MAwVD0CO-WwXebAcU9tk1SzAe6GOFa2= IetjTdcduaZ4OPxTLtdY9q2l01LEXt_YUUbLyype05KKX2vyPcH-HdVFpnllCtauWbtifD4H4dY= dBwbv3RS8QOYhOw)[.=E2=80=8B](https://r.news.bizavltd.com/mk/cl/f/SacgNxr-q4= bMclgqWyScp8wQLqx1nPH86K_2kBk-GxOuaIWyNDunKwlOIo41xDgshd3iaDiNStTd1oOK0tsr-= ZRaXqnDlYP01GO-vWxe1Q0YIJ23jF9ncoI7NMQ0RTfI4KTgkUpwSzdWd3ktc-UrwURBiDBLW0aa= C4Ntgoq5pb8jqRxf8njJfqniJgGdSWWp-GTraKrwCrJ1qiyJZbytLf0JHn-09s3PTewdlvTRUNP= hTiW_CAJwRsjomd3vqIuVq8Fp0-Lzei5c01Oj73YpWJ2CXCu5Yle5muPuYKQ1CtLHirfJWkzSwn= sR6TJzJw) [Twitter](https://r.news.bizavltd.com/mk/cl/f/3APItUcF118bkyzl7o6uqRuYG-OVM= KkOOwCyYVSAw3uBGkUXFz8VLFhoMQqZ4bahz5ayzmmWUw6Xc_ZgRAOnwqz0uU_5xaaQ8zBDcoQn= TFuRbUxSN7oOXSs__16tZUrEMTkK2V9vl6EgtJMqrV9lID39bfbDBqRQvtrXusydiCzP5YSW4ed= LnKMeCFdb_Q40pzge_I_zy2U_Z8ST8EnHUJr8bHpoHvcp1CD_lQV65FDyc3k9kXEcQOj9l5mvcL= nO2WwnuhgSTvqzgSsYIfDlx_bFjUotf3Is4v3X02F83-kVFaO9zoJNjg5UIoH0xzOy3loR-g) [LinkedIn](https://r.news.bizavltd.com/mk/cl/f/XnWgQtczKc7Rdfz-DKfBj77pJucd= X2hFvPyq1UGKLRzn6CIwpghTaUaiJVuJw1DRd8dQfhsDyRlpd2G6veGL-4r-uyMlNzoVTBCMM62= dYUDSlJfJhtYEwLsz8LOmyAO9dyBESFiyVyvmhqd4RyTQhYMLfjUb0w0X2qCvTxXZy3TwrVzWwR= 5BZ74ytl6cDELWC0tAGOEclTaRccbtRXw9DJwutzAn11O_oqo2qJlDQxSgazR0x7udgVCcfEslJ= ye_6HAxibvT4XaIMnnyBsOz8o_MkH14MFmJhc0flZZzbOdNy2ctoDAFhOFBvWWN5wCVpAr6BEk5= dUdPfl5g6WZsWw) [Instagram](https://r.news.bizavltd.com/mk/cl/f/xIPVrpepvTGM6IK1Komk1Fli3RO= Rxrg3bE6V46e9zKvnBf1c2qhhF4ETCfsqnAalwQ__Btd-VxbASAO8jlVnHly4Qa5lIa7n9E6noT= Zcft9YZ5pxMcIHZEjcSZGAWnR4ETBwDcctodsi2COI-UOzGV6465k_zHr5ngBXKTTALfanRc3Hd= LOcLNxJAq62E1bZHagmQONrtyIhchj_fgDK2lIDfdt9bJLQSUDTYArFkcdlfKkLri5FaFenFhBZ= w8fl1RQTP8et7kuDtQ1taSIuLEUG2bc9ueblmtJCCTpKKf9TIxGCFq7R_edTD0fnKnspIhFY9E5= JpC-1-_gWauDR) [YouTube](https://r.news.bizavltd.com/mk/cl/f/1qpB0QOhTKmqPK3EUKDUPb5_syfNy= Q08yzdWWYv_xdry2bbJeg7qswi35H_ka-HjgS5kqMc3pwNn9LHNJgAOyu8Wkjfhe5dFXkgGpBrv= l6HHnqCRZIDaenEHNhEbeTo12REUcN74I-Mfg0-ztvvW2b6ALn--Mb9-6fNGDIE1nE8V_szNUxP= TNhgZew7jaMGzNGHtg5vBUpj3w4Hh7fMCVpAGx9neoxk4VLGoj2YRLCZ32PXDl6fLV4VVFDdPD6= 2VEfmL9mCWVn7i0XdxTqpkADutxedCzVWaVm7a84yeuUjer1m8F6_uzSk2qSfvxCy0Nw37X7oQg= R59O3g-5Jc29t6e0q0fN6UeYSJMhDvlDYCqyKU) # This email was sent to ops@safiranas.com You received this email because you are registered with BizAv Media Ltd. 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Latest bizav news Voo Bombard= ier Textron Gogo and more
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March 2023=C2=A0News Roundup <= /span>
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brought to you by= =C2=A0Business Aviation Magazine
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VOO Announces a New Integration w= ith FL3XX

VOO, the B2B private jet marketplace that delivers instant bookings, ha= s integrated with FL3XX, the industry-leading aviation management platform,= in late February 2023. This integration covers the key functionalities to = make the charter sales more efficient and will facilitate traceable, effort= less, and flawless operations leading to instant bookings.

By sy= nchronizing the schedule with VOO, the digital B2B marketplace for private = jet charters, users are able to search, book and pay for all their charters= based on accurate and real-time information. FL3XX automatically sends all= booked flights to VOO, delivering real-time availability and aircraft loca= tion information that VOO uses to calculate and provide accurate and valid = charter prices.

Additionally, operators can synchronize each VOO= booking with FL3XX to receive the same benefit. FL3XX bookings can be proc= essed in FL3XX, and VOO bookings in VOO.flights without conflicts with airc= raft availability. FL3XX integrates the entire workflow of an aircraft oper= ator from sales, scheduling, and dispatch all the way to training, reportin= g and maintenance management. By delivering solid value in quoting, charter= sales, scheduling, flight and duty logging, invoicing, customer management= and reporting, FL3XX increases bottom line efficiency of any flight operat= or by more than 20%.

For its part, VOO calculates accurate quote= s, so brokers can book instantly, and payments can be made 24/7 with VOOpay= , even on weekends and holidays =E2=80=93 all with maximum speed and high s= ecurity of data transfer provided by VOO.

=E2=80=9CWe are excite= d about our new partnership with VOO, which will enhance our FL3XX users=E2= =80=99 charter sales experience by providing greater efficiency and flexibi= lity. With this collaboration, syncing the operator=E2=80=99s schedule with= VOO=E2=80=99s marketplace is now a breeze, making the sales operation more= streamlined and seamless than ever before. We look forward to the possibil= ities this partnership will bring for our valued users.=E2=80=9D =E2=80=93 = Paolo Sommariva, CEO & Co-Founder.
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A= xis Jet Adds Citation CJ3 to Charter Fleet
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= Axis Jet, a Sa= cramento-based aircraft charter, sales and management company, announced th= e addition of a Citation CJ3 to the company=E2=80=99s air charter fleet. Th= e 2005 seven-passenger light jet will be based at KMHR =E2=80=93 Sacramento= Mather Airport and offers a wider, quieter cabin than most aircraft in its= class with 65 cubic feet of external baggage area. It=E2=80=99s 1,000-mile= range and climb performance makes it a favorite among pilots and travelers= alike.

=E2=80=9CThe addition of the CJ3 is a real boost to our = ability to offer service in one of our most popular and versatile models.= =E2=80=9D said Amber Pancaro, Flight Coordination Manager for Axis Jet. =E2= =80=9CThis aircraft is a nice compliment to our growing class of CJ charter= aircraft.=E2=80=9D

To see a virtual tour of this fine aircraft,= visit the company=E2=80=99s website at www.axisjet.com. Axis Jet is an = aircraft sales, management and charter company headquartered at the Sacrame= nto Jet Center at Sacramento Executive Airport (KSAC). Axis Jet is a divisi= on of Axis Aviation Group, Inc. and is a member of NBAA, NATA, NARA and is = a Wyvern Registered Operator, as well as rated ARGUS Gold. To contact Axis = Jet, email fly@axisjet.com, visit www.axisjet.com or call 916-= 391-5000.
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Bombardier Updates 2025 Strategic Ob= jectives to Reflect Strong Performance and Solid Business Fundamentals
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On 23 March, Bombardier hosted its 2023 Investor Day. =C3=89ric = Martel, Bombardier=E2=80=99s President and CEO, along with Paul Sislian, Ex= ecutive Vice President, Aftermarket Services & Strategy, and Bart Demos= ky, Executive Vice President and Chief Financial Officer, presented an over= view of the company=E2=80=99s solid progress made, together with new opport= unities for diversified growth.

=E2=80=9CIn 2021, we laid the fo= undation for a stronger, more resilient and predictable Bombardier by 2025.= Halfway down the road, we can say we are delivering on that promise,=E2=80= =9D said Martel. =E2=80=9CAll of Bombardier=E2=80=99s strategic priorities = are on track or ahead of plan. We are therefore proud to announce today tha= t we are confidently raising the bar.

=E2=80=9CThe future is bri= ght for Bombardier. While we are carefully monitoring the current market si= tuation, we know that we have all the ingredients in place to remain a driv= ing force in the industry. Our financial performance allows us to secure ou= r vision for the future, and enable our exceptional, dedicated and passiona= te teams to lead the way toward more sustainable aviation.=E2=80=9D
Updated 2025 objectives reflect strong execution and confidence in busi= ness fundamentals. Based on strong business execution and fundamentals, Bom= bardier announced that it is updating its 2025 objectives. The company is n= ow targeting more than $9 billion in annual revenue by 2025, with an adjust= ed EBITDA(2) of more than $1,625 million, and a healthy adjusted EBITDA mar= gin(3) of approximately 18%.

Bombardier also expects to generate= significant free cash flow in the coming years, to the tune of more than $= 900 million per year by 2025 and will continue to de-lever its business, no= w expecting to reach a net leverage ratio in the range of 2.0x to 2.5x.

Between 2020 and 2022, Bombardier=E2=80=99s revenues grew 23%, to $= 6.9 billion. The expanded aftermarket business was an important contributor= , with revenues increasing by more than 50% in the same period. The company= more than quadrupled its profitability to $930 million in adjusted EBITDA,= and generated $835 million in free cash flow over the last two years.
=
In terms of deleveraging, Bombardier kept up its opportunistic and p= roactive approach and has reduced its total debt by $4.5 billion, when incl= uding this year=E2=80=99s debt-related transactions, a 45% reduction compar= ed to 2020. This also resulted in credit rating upgrades from both S&P = and Moody=E2=80=99s in 2022.

With continued strong demand in the= medium and large business jet categories, Bombardier says that it is well = positioned with its industry-leading Challenger and Global platforms. Over = the past two years, the company introduced the new Global 8000, an evolutio= n of the industry flagship Global 7500 aircraft, further solidifying Bombar= dier=E2=80=99s leadership position in the large jet segment.

Bom= bardier also upgraded its best-selling Challenger 300 family with the Chall= enger 3500, an addition that has maintained Bombardier as the leader of the= super mid-size market. Thanks to its outstanding portfolio, Bombardier had= the highest number of deliveries among business jet manufacturers for the = last two years, as reported by the General Aviation Manufacturers Associati= on (GAMA).

Bombardier has invested significantly into its afterm= arket business since 2020, and it has played an important role in the diver= sification of its revenues. The company=E2=80=99s service footprint has gro= wn by close to one million square feet of new capacity worldwide, and its A= ftermarket team has added more than 250 skilled technicians to its ranks.
The strategy is working: Bombardier has increased aftermarket rev= enues more than 50% since 2020, and is on track to meet its goal of $2 bill= ion by 2025, with clear opportunity for growth beyond that point.
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Belize Ministry of National Defence and Border Security receives first= multi-mission Cessna Grand Caravan ex-Aircraft
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Textron Aviation Inc. tod= ay announced it has delivered a special mission Cessna Grand Caravan EX air= craft to the Belize Ministry of National Defense and Border Security. The F= oreign Military Sale (FMS) contract was executed by the U.S. Army Contracti= ng Command, Redstone Arsenal, Huntsville, Alabama.

The Cessna Gr= and Caravan EX aircraft is designed and manufactured by Textron Aviation, a= Textron Inc. (NYSE:TXT) company.

=E2=80=9CThe Grand Caravan EX = delivered to the Belize Ministry of National Defense and Border Security wi= ll be used as a multi-mission platform for Intelligence, Surveillance and R= econnaissance (ISR), Casualty Evacuation (CASEVAC), Search and Rescue (SAR)= , Air Mobility, Light Air Drop and other operations as necessary,=E2=80=9D = said Bob Gibbs, vice president, Special Mission Sales. =E2=80=9CThis is the= first Caravan EX in the service of the Belize Ministry of National Defense= and Border Security.=E2=80=9D

This Grand Caravan EX is fitted w= ith an Electro-Optical/Infra-Red (EO/IR) sensor, operator mission console, = tactical radios and data link. Textron Aviation will provide pilot, mission= operator and maintenance training, as well as an in-country field service = representative.

The Cessna Caravan platform has seen more than 3= ,000 aircraft delivered that are certified in 100 countries with nearly 24 = million flight hours amassed worldwide since the aircraft was introduced. C= aravans fulfill roles for multiple missions, ranging from flight training t= o recreation, commuter airlines to VIP transport, cargo carriers and humani= tarian missions.

The Grand Caravan EX aircraft is known for its = dependable and efficient performance by regional airlines, charter operator= s, cargo carriers and special mission operators worldwide. The aircraft off= ers an impressive output of 867 horsepower and a rate of climb of 1,275 fee= t per minute.

A Textron spokesperson said: =E2=80=9CWhen governm= ent, military and commercial customers want airborne solutions for critical= missions, they turn to Textron Aviation. The company=E2=80=99s aviation so= lutions provide the high performance and flight characteristics required to= address the unique challenges of special mission operations.=E2=80=9D
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Avfuel Helps Neste Supply SAF to Boeing
=C2=A0
Boeing wil= l purchase 5.6 million gallons (21.2 million liters) of blended sustainable= aviation fuel (SAF) to support their carbon footprint reduction strategy t= hrough 2023.
<= br/> The total volume of Neste MY Sustainable= Aviation Fuel=E2=84=A2 supplied is approximately 1.7 million gallons (5,20= 0 tons). The blended SAF will be supplied to Boeing by Neste=E2=80=99s part= ners EPIC Fuels, Signature Aviation, and Avfuel.

Boeing has agre= ed to purchase Neste MY Sustainable Aviation Fuel=E2=84=A2 supplied by EPIC= Fuels, Signature Aviation and Avfuel to power its U.S. commercial operatio= ns through 2023. These fuel purchases more than double Boeing=E2=80=99s SAF= procurement from last year. Neste=E2=80=99s SAF will be blended with conve= ntional jet fuel at a 30/70 ratio to produce 5.6 million gallons of blended= SAF.

=E2=80=9CAs one of the top aircraft manufacturers in the w= orld, Boeing is sending a clear message to the entire aviation industry thr= ough this purchase that SAF is a key solution to reduce greenhouse gas emis= sions from flying,=E2=80=9D said Michael Sargeant, Vice President Americas,= Renewable Aviation at Neste. =E2=80=9CWe are proud to be a part of this co= llaboration along with our partners EPIC Fuels, Signature Aviation and Avfu= el.=E2=80=9D

EPIC Fuels, Signature and Avfuel will supply blende= d SAF for Boeing=E2=80=99s ecoDemonstrator program and the company=E2=80=99= s fuel storage in Washington state and South Carolina. Additionally, EPIC F= uels and Signature will supply blended SAF for generating emissions reducti= on benefits for Boeing to allocate for company operations including Dreamli= fter and executive flights, and commercial airplane deliveries. In 2021, Bo= eing committed to deliver its commercial airplanes capable and certified to= fly on 100% SAF by 2030.

SAF is a next generation aviation fuel= providing a more sustainable alternative to conventional, fossil based jet= fuel. It is widely recognized as a key lever to achieve aviation=E2=80=99s= emission reduction goals. Using Neste MY Sustainable Aviation Fuel=E2=84= =A2 reduces greenhouse gas emissions by up to 80%* over the fuel=E2=80=99s = life cycle, compared to using conventional jet fuel.

Neste=E2=80= =99s SAF is made from sustainably sourced, 100% renewable waste and residue= raw materials, such as used cooking oil and animal fat waste. SAF is certi= fied for commercial use and can currently be blended up to 50% with traditi= onal jet fuel without modifications to airplanes, engines or fueling infras= tructure.
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Pilatus Reports One of Its Best Years Ever=
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The 2022 financial year was a very successful one for Pilatus. T= he company benefitted from high demand, despite the unpredictable period. W= ith sales of 1.3 billion Swiss francs, operating income of 226 million Swis= s francs and orders worth 1.6 billion Swiss francs, Pilatus achieved a very= positive set of results.

Pilatus improved yet again on a very s= uccessful performance in 2021. 40 PC-24s, 80 PC-12 NGXs, 10 PC-21s and 3 PC= -6s were delivered in 2022. In the General Aviation Business Unit, for exam= ple, a purchase agreement for over 20 PC-12 NGXs was signed with the US com= pany Tradewind Aviation, virtually doubling this business airline=E2=80=99s= fleet. 2022 also brought its share of major challenges. Pilatus had to con= tend with disruptions to supply chains, which impacted negatively on produc= tion operations.

Markus Bucher, CEO of Pilatus, says the past ye= ar was very positive overall: =E2=80=9CRarely has the company had to operat= e in such a geopolitically unpredictable period. Never before have we encou= ntered such serious supply chain difficulties. Pilatus has achieved a lot w= hilst also benefitting from exceptionally high demand for our unique aircra= ft."

Hansueli Loosli, Chairman of the Board of Directors of = Pilatus, adds: =E2=80=9CI=E2=80=99m very happy with the year-end results an= d the Pilatus team performed very well. Our PC-12 NGXs and PC-24s were, and= are, absolute bestsellers, our order books are full. No new orders for tra= iner aircraft were signed last year, but the demand is there in Government = Aviation as well, and we receive a high volume of enquiries. I=E2=80=99m ve= ry confident that we will reel in an order soon!=E2=80=9D

Aircra= ft deliveries account for a substantial share of the business results, but = the customer service business continues to grow as well =E2=80=93 by around= ten percent over the past year. Last year also saw Pilatus acquire Skytech= Inc., the US Sales and Service Centre, gaining another 93 full-time employ= ees overnight. Skytech will continue to sell and service PC-24s and PC-12s = on an independent basis along the Eastern Seaboard.

Breaking wit= h the tradition of the past 25 years, the 2,300 employees at the headquarte= rs in Stans, Switzerland, will no longer receive a bonus payment. In return= , Pilatus will raise monthly salaries by incorporating the maximum bonus pa= yout in order to better meet the expectations of all employees. This change= will make Pilatus even more attractive as an employer.

The new = year has also got off to a confident start and promises many highlights: th= e construction of the maintenance hangar in Buochs will start by mid-2023. = And delivery of the 2,000th PC-12 and 200th PC-24 will go ahead during the = current year. An additional building for the production of composite compon= ents is also planned at the Ennetb=C3=BCrgen site. Further proof that Pilat= us remains firmly committed to Switzerland as a centre for ideas, work and = training!
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Duncan Aviation reconfigures Falcon 900EX<= /div>
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Duncan Aviation is excited to showcase this Falco= n 900EX that was completely transformed and reconfigured at its full-servic= e MRO facility in Battle Creek, Michigan. The aircraft features a new crede= nza, eye-catching center dividers, and unifying details that give the inter= ior a dramatic and modern style.

When the aircraft arrived in Ba= ttle Creek, it lacked the character and uniqueness the customer wanted. To = create the interior desired by the owner, absolutely everything in the inte= rior was touched or replaced as part of the refurbishment.

=E2= =80=9CIt had a very traditional corporate jet interior,=E2=80=9D explained = Duncan Aviation Lead Designer Heather Pridemore. =E2=80=9CThe cabin finishe= s were dated and consisted of dark red wood, beige tones, and a world map o= n the conference table.=E2=80=9D

The customer wanted a stately, = black-and-white aesthetic. He also wanted to add more seating, along with a= n area to lie down and relax. To accommodate the owner=E2=80=99s requests, = the Duncan Aviation team removed the single seat in the aft cabin, replacin= g it with a three-place divan. A new credenza was designed, fabricated and = installed with a contemporary seating surface.

To create privacy= while keeping the cabin =E2=80=9Copen,=E2=80=9D they created unique partit= ions with transparent acrylic panels accented by veneer.

=E2=80= =9CThe customer wanted privacy while lounging in the aft cabin, without fee= ling cut-off from the rest of the aircraft,=E2=80=9D explained Pridemore. = =E2=80=9CThis creative divider design was the perfect solution!=E2=80=9D
The team incorporated subtle design cues to streamline the interio= r, such as running the veneer grain forward to aft, updating the lav vanity= to a modern, straight look, and installing new light lenses.

Wi= th all of the changes taking place in the interior, the exterior required t= he same amount of attention. A new paint design was created to meet the own= er=E2=80=99s expectations of an equally modern design on the exterior.
=
The exterior layout included a black-and-white, two-tone design with= metallic silver accents to give a bold presence on the ramp. The sleek lin= es and flowing curves evoke a sense of speed and motion.

As the = lead designer on the project, Pridemore is thrilled to see the final projec= t and how the Duncan Aviation team was able to check off every box on the o= wner=E2=80=99s list of upgrades.

=E2=80=9CThere were a lot of ne= w ideas put into the interior,=E2=80=9D said Pridemore. =E2=80=9CWe all wor= ked together and explored new designs to realize the customer=E2=80=99s vis= ion. I am so proud of all of our team members in helping create such a uniq= ue and beautiful aircraft!=E2=80=9D

Duncan Aviation Completions = Sales Representative Suzanne Hawes said she enjoyed seeing the detailed wor= k and pride all the shops put into the aircraft. =E2=80=9CIt=E2=80=99s a be= autiful showpiece,=E2=80=9D said Hawes.

The aircraft also receiv= ed a 3C Inspection, API Winglets, LED lighting, and display upgrades.
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Gogo Announces Record Fourth = Quarter and 2022 Results, Provides 2023 Guidance and Updates Long-Term Targ= ets
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Gogo Inc., the world=E2=80=99s largest provi= der of broadband connectivity services for the business aviation market, ha= s announced its financial results for the quarter and full-year ended Decem= ber 31, 2022.

Q4= 2022 Highlights
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  • Record tota= l revenue of $108.2 million increased 17% compared to Q4 2021, fueled by st= rong growth in both service and equipment revenue.
  • Record service revenue o= f $77.3 million increased 12% compared to Q4 2021 and 3% compared to Q3 202= 2.
  • Record equipment revenue of $30.8 million increased 34% compared to Q4 2= 021 and 2% compared to Q3 2022.

AVANCE equipment units shipped= totaled a record 390, an increase of 36% compared to Q4 2021 and a slight = increase compared to the previous quarterly record set in Q3 2022.
Total ATG aircraft online (=E2=80=9CAOL=E2=80=9D) reached 6,935 an incre= ase of 8% compared to Q4 2021 and 2% compared to Q3 2022.

Total = AVANCE units online grew to 3,279, an increase of 31% compared to Q4 2021 a= nd 6% compared to Q3 2022. AVANCE units comprised more than 47% of total AO= L as of December 31, 2022, up from 39% as of December 31, 2021.

= Average monthly revenue per ATG aircraft online (=E2=80=9CARPU=E2=80=9D) of= $3,370 increased 2% compared to Q4 2021 and decreased slightly compared to= Q3 2022.

Net income from continuing operations decreased to $27= .7 million from $209.1 million in Q4 2021. Q4 2022 net income from continui= ng operations is net of a $3.0 million income tax provision compared to an = income tax benefit of $187.7 million in Q4 2021.

Diluted earning= s per share from continuing operations was $0.21 compared to $1.57 in Q4 20= 21, driven primarily by the income tax benefit in Q4 2021.
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Record Adjusted EBITDA of $46.2 million, which includes approximately $= 1 million of expenses related to Global Broadband, increased 17% compared t= o Q4 2021 and 6% compared to Q3 2022.

Cash provided by operating= activities from continuing operations of $31.5 million in Q4 2022 increase= d from $30.3 million in the prior year period.

Free Cash Flow was $= 25.0 million in Q4 2022 compared to $25.7 million in the prior year period = and increased from $8.5 million in Q3 2022.

Cash, cash equivalents = and short-term investments totaled $175.3 million as of December 31, 2022 c= ompared to $152.2 million as of September 30, 2022. Cash and cash equivalen= ts reflect the Company=E2=80=99s September repurchase of 1.5 million shares= of common stock for $18.4 million in a private transaction.
Full Year 2022 Highlights=
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  • Record total revenue of $404.1 mil= lion increased 20% compared to 2021.
  • Record service revenue of $296.3 milli= on increased 14% compared to 2021.
  • Record equipment revenue of $107.7 milli= on increased 42% compared to 2021.
  • Record ARPU of $3,349 increased 3% compa= red to 2021.

Net income from continuing operations decreased t= o $92.1 million compared to $156.6 million in 2021. The prior year included= a $187.2 million tax benefit.

Adjusted EBITDA of $173.8 million= increased 15% compared to 2021.
Cash provided by operating activities= from continuing operations increased to $103.4 million compared to $66.7 m= illion in 2021.

Free Cash Flow increased to $57.8 million compar= ed to $49.4 million in 2021.

=E2=80=9COur equipment revenue surg= ed, which bodes well for future service revenue, as Gogo met extraordinary = demand for inflight connectivity and delivered a 50% increase in equipment = shipments despite global supply chain constraints in 2022,=E2=80=9D said Oa= kleigh Thorne, Chairman and CEO.

=E2=80=9CWe=E2=80=99re also on = track to commercially launch our 5G service in Q4 this year, and our LEO-ba= sed Global Broadband product in the second half of 2024.=E2=80=9D

=E2=80=9COur strong financial results underpin our confidence in our fina= ncial targets,=E2=80=9D said Barry Rowan, Executive Vice President and CFO.= =E2=80=9CWe have extended our long-term revenue growth target of 17% from = 2022 through 2027 and reiterate our target for over $200 million in Free Ca= sh Flow beginning in 2025.=E2=80=9D

2023 Financial Guidance and Long-Term Financial Targets=

The Company is providing the following guid= ance for 2023:

Total revenue in the range of $440 million to $45= 5 million.

Adjusted EBITDA of $150 million to $160 million, reflect= ing operating expenses of approximately $30 million for strategic and opera= tional initiatives including Gogo 5G and Global Broadband.

Free Cas= h Flow of $80 million to $90 million. Free Cash Flow includes capital expen= ditures of approximately $30 million to $40 million, of which $20 million i= s tied to Gogo 5G.

The Company provides the following long-term = financial targets:

Revenue growth at a compound annual growth rate = of approximately 17% from 2022 through 2027, with Global Broadband contribu= ting to revenue beginning in 2025.

Annual Adjusted EBITDA Margin= in the mid-40% range by 2027.
Free Cash Flow of more than $200 millio= n beginning in 2025 and growing thereafter, consistent with the prior targe= t.

The Company=E2=80=99s 2023 financial guidance and long-term t= argets include Gogo 5G and Global Broadband but do not reflect the impact o= f the Federal Communications Commission=E2=80=99s Secure and Trusted Commun= ications Networks Reimbursement Program (the =E2=80=9CFCC Program=E2=80=9D)= , as the Company awaits further information regarding whether Congress will= appropriate additional funds.
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Bestfly and Krimson Aviation form Joint Venture, BFK Aviation, to support = development in emerging markets

Angolan aircraft operator Bestfly and= Addis Ababa-headquartered flight support, charter, and aviation consultanc= y Krimson Aviation, have formed a new Joint Venture, BFK Aviation. The enti= ty brings together two powerhouses of business aviation in Africa with the = sole intent of supporting the evolution and growth of the industry in emerg= ing markets around the globe.

Bestfly and Krimson Aviation, unde= r the leadership of Nuno Pereira and Dawit Lemma, respectively, have been i= ntegral in establishing the foundations of the sector across the vast conti= nent of Africa and now intend to share the accumulated knowledge and experi= ence with stakeholders seeking to optimize its benefits in new and evolving= markets.

Demonstrating the value of the proposition, the first = partnership agreement has already been signed with Xen Aviation, the George= town, Guyana-based operator and aviation services provider. BFK Aviation wi= ll support the needs of Xen Aviation=E2=80=99s expanding flight and ground = services for current and future operations.

Bestfly, already wel= l versed in supporting the oil and gas industry in Angola, will provide air= craft operational know-how, while Krimson will provide all ground support a= nd maintenance service intelligence. The signing follows the success of the= Guyana Energy Expo, held in Georgetown in February, and highlights the rap= id growth of the oil and gas sector in Guyana, and the surrounding region, = which is driving increased demand for rotary and fixed-wing operations.

Bestfly is Angola=E2=80=99s largest business aviation services prov= ider operating a fleet of some thirty aircraft including turboprops, execut= ive jets, regional airliners, and helicopters flying within Angola, Africa = and internationally; as well as a commercial operator flying scheduled rout= es to Cabo Verde. As one of the first African aviation companies to be gran= ted IS-BAO status, Pereira and his team are familiar with the rigour and qu= ality required to meet and exceed international standards and customer expe= ctations. Krimson Aviation has expanded significantly since launch and prov= ides a range of ground handling, trip support and consultancy services for = aviation customers in more than twenty African countries.

Bestfl= y is one of the founding members of the African Business Aviation Associati= on, and Pereira, as a board member, was critical in securing its inaugurati= on and subsequent successful development. Lemma has also been a significant= force in the association's development and is VP International and a b= oard member. Their collective experience of shaping the evolution of Africa= =E2=80=99s business aviation development, mutual extensive global network, = and understanding of what it takes to affect a positive change in the perce= ption of business aviation, intra- and inter-continentally, positions them = well to support commercial, sustainable transformation in evolving markets.=

=E2=80=9CUndoubtedly, we can enable and enhance credible operat= ions in challenging and dynamic operating environments. We want to harness = this very specific knowledge and understanding to support stakeholders in n= ations that want to maximize the sector's benefits but are still at the= early stages of development,=E2=80=9D says Lemma.

Pereira adds,= =E2=80=9CAt Bestfly, we have worked extremely hard to create aircraft oper= ations that are internationally respected, and we are known for our profess= ionalism, excellence and reliability as we have a real understanding of wha= t it takes to service the changing demands of our international oil and gas= , mining and agricultural customers.=E2=80=9D

=E2=80=9CWorking w= ith BFK Aviation will add value to our existing operations, support the dev= elopment of new standard operating procedures, and we know will raise the b= ar wherever we work to implement best industry practices,=E2=80=9D adds Ron= aldo Alphonso, Managing Director, Xen Aviation. =E2=80=9CWe=E2=80=99re exci= ted for what the future holds for us, BFK and the business aviation sector = in our region.=E2=80=9D

About Krimson

Krimson launched in 2015 to provide aviation services with integrit= y and excellence. Based at Addis Ababa Bole International Airport, the team= offers 24/7 support fulfilling a range of aviation services, including gro= und handling, flight support, refuelling, charter brokerage and aviation co= mmunications. Customers originate from around the world to take advantage o= f the local expertise in Ethiopia and across Africa.

Krimson off= ers full flight support, ground handling, charter brokerage and other aviat= ion services within Ethiopia and East Africa to a range of aviation custome= rs, including commercial airlines, business aviation operators, and trip pl= anning companies.

Led by Dawit Lemma, a Swiss citizen of Ethiopi= an origins, the diverse team of aviation experts is committed to service ex= cellence combined with care and discretion. =C2=A0
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Air bp announces first sale of ISCC= EU sustainable aviation fuel produced at bp=E2=80=99s Castellon refinery

Air bp, the international aviation fuel products and service supplier,= has announced the first sale of International Sustainability and Carbon Ce= rtification (ISCC) EU SAF from bp=E2=80=99s Castellon refinery in Spain. Th= e flight was carried out by LATAM Cargo Chile from Zaragoza, Spain to North= America.

This latest announcement builds on its experience of s= upplying ISCC Plus SAF, first supplied in July 2021*. Underlining the role = of co-processing using existing refineries to meet SAF demand, this ISCC EU= SAF is produced from sustainable feedstocks processed alongside fossil fee= dstocks.

=E2=80=9CThis latest announcement marks another importa= nt milestone for Air bp as we work towards making SAF more available. As a = key step in replacing fossil fuel with renewable feedstock within existing = refineries, co-processing has an integral role to play in scaling up SAF pr= oduction in the most economical and efficient way. We believe that all tech= nologies and pathways, and both standalone and co-processing are needed to = help the industry decarbonise and reach its goal of net zero by 2050. The s= upply of ISCC EU SAF from Castellon will open new opportunities throughout = the country and beyond,=E2=80=9D said Andreea Moyes, Air bp=E2=80=99s globa= l sustainability director.

=E2=80=9CWe are proud to collaborate = with Air bp as its first customer to refuel with ISCC EU SAF from the Caste= llon refinery. This flight represents one of our most concrete steps in our= SAF fuel agenda. As a group, LATAM is committed to contributing to the pro= tection and care of the environment, so this first fuelling reflects the im= portance of the collaboration of all players in the logistics chain includi= ng AENA and Exolum," said Andr=C3=A9s Bianchi, CEO of LATAM Cargo.
=
The ISCC EU SAF supplied by Air bp is made from waste based sustaina= ble feedstock which is procured by the Castellon refinery and co-processed = together with fossil fuel. Currently co-processing of sustainable feedstock= at up to 5% is permitted within the jet fuel specification and bp has laun= ched an industry taskforce looking to increase this to 30%. This sustainabl= e component has an attributed saving of around 80% carbon emissions over it= s lifecycle compared with the conventional jet fuel it replaces.

= bp aims to increase SAF production further in future and this week announc= ed that as part of the Hydrogen Cluster of the Valencia Region (HyVal), its= production of biofuels, including SAF, is expected to increase three-fold,= to 650,000 tonnes a year 2030 in Castell=C3=B3n. Green hydrogen will be us= ed as a feedstock for the production of SAF in an independent unit.
Air bp has been enabling ground-breaking test flights and investing in = sustainable alternatives since 2008. To date, the business has supplied SAF= to over 30 locations.
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In January 2021, BAM initiated our monthly newsletter= blast going out to over 150,000 executives across the business aviation in= dustry.=C2=A0
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If you would like to hav= e your latest press release considered for inclusion (we limit the NL to 10= - 14 releases) please get in touch with our publisher and CEO, Max Raja, a= t=C2=A0max@bizavltd.com or on +44 (0)203 865 3736
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The monthly newsletter represents a great branding opportunity and M= ax will be happy to discuss pricing for advertising in the newsletter.
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