Subject: Bizav News Roundup March 2023
From: BizAv Media Ltd <[email-masked]>
To: <[email-masked]>
Date: Mon, 03 Apr 2023 13:29:29 +0000
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March 2023 News Roundup

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brought to you byBusiness Aviation Magazine

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VOO Announces a New Integration with FL3XX

VOO, the B2B private jet marketplace that delivers instant bookings, has 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, effortless, and flawless operations leading to instant bookings.

By synchronizing 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 location 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 processed in FL3XX, and VOO bookings in VOO.flights without conflicts with aircraft availability. FL3XX integrates the entire workflow of an aircraft operator from sales, scheduling, and dispatch all the way to training, reporting 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 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 – all with maximum speed and high security of data transfer provided by VOO.

“We are excited about our new partnership with VOO, which will enhance our FL3XX users’ charter sales experience by providing greater efficiency and flexibility. With this collaboration, syncing the operator’s schedule with VOO’s 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 users.” – Paolo Sommariva, CEO & Co-Founder.

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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’s air charter fleet. The 2005 seven-passenger light jet will be based at KMHR – Sacramento Mather Airport and offers a wider, quieter cabin than most aircraft in its class with 65 cubic feet of external baggage area. It’s 1,000-mile range and climb performance makes it a favorite among pilots and travelers alike.

“The addition of the CJ3 is a real boost to our ability to offer service in one of our most popular and versatile models.” said Amber Pancaro, Flight Coordination Manager for Axis Jet. “This aircraft is a nice compliment to our growing class of CJ charter aircraft.”

To see a virtual tour of this fine aircraft, visit the company’s website at [www.axisjet.com](https://r.news.bizavltd.com/mk/cl/f/EWTupoc694vQoawAE4lRhx0w1XSZBADEDJ7jDx9DsmP8ag0mHBpKB4HrGV_ZcV-l_JXUNWH7JG4_AUP3d-sM_z1sxxyXuWfSGZ-yD31rahI0R-cs9HUR56Y1UJEw9ro3LW0D_kGKknhFpgvNvymf_iCvGg5psN-2gmvxsKLdjfMmZKwMrGGBVTuh7tt-150_6TJsxq4iOzxDI3ooxb_pVMkUrAsUA22QtUYrKaFmCrO0-Hm-hdM2PVUkOKNclHSOwdUNpFe1w92pfxj1Xv66v7Dwv7VeZ9u7S56RAmEfJhVTVCvg3RmDPeIIjQ_HCQ). Axis Jet is an aircraft sales, management and charter company headquartered at the Sacramento Jet Center at Sacramento Executive Airport (KSAC). 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 ARGUS Gold. To contact Axis Jet, email [email-masked], visit [www.axisjet.com](https://r.news.bizavltd.com/mk/cl/f/cJhOYTgU9Um4yrSQA-i8sMzWIgceOs-SECIKVoHb2QJhU86kky5niMDbZYrXyW_c1r5MjyW3cnyjPNIY02aRhX0uLYzkZxXBgKTofvBgLiNWrcqm3ssy4Yeleo95iNibz5W6zs-l5LVkxTPpWIWc2dV_I-Aai2toRaOHxdMecnUcjP1HZ65pEe4NF8e8MsQnDh7C66v_qOOoljuRToQ6BoR9TNi0__nL-8VeGx9cplCLyeE0pKdYyr2dgGlrVhSKfI3CAaAt4cBulMOgE5tYfb3BgLo0wTm_yF8WHL07__CEmwtsy2AZzzHaPFC0Gw) or call 916-391-5000.

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Bombardier Updates 2025 Strategic Objectives to Reflect Strong Performance and Solid Business Fundamentals

On 23 March, Bombardier hosted its 2023 Investor Day. Éric Martel, Bombardier’s President and CEO, along with Paul Sislian, Executive Vice President, Aftermarket Services & Strategy, and Bart Demosky, Executive Vice President and Chief Financial Officer, presented an overview of the company’s solid progress made, together with new opportunities for diversified growth.

“In 2021, we laid the foundation for a stronger, more resilient and predictable Bombardier by 2025. Halfway down the road, we can say we are delivering on that promise,” said Martel. “All of Bombardier’s strategic priorities are on track or ahead of plan. We are therefore proud to announce today that we are confidently raising the bar.

“The future is bright for Bombardier. While we are carefully monitoring the current market situation, we know that we have all the ingredients in place to remain a driving force in the industry. Our financial performance allows us to secure our vision for the future, and enable our exceptional, dedicated and passionate teams to lead the way toward more sustainable aviation.”

Updated 2025 objectives reflect strong execution and confidence in business fundamentals. Based on strong business execution and fundamentals, Bombardier announced that it is updating its 2025 objectives. The company is now targeting more than $9 billion in annual revenue by 2025, with an adjusted EBITDA(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 coming years, to the tune of more than $900 million per year by 2025 and will continue to de-lever its business, now expecting to reach a net leverage ratio in the range of 2.0x to 2.5x.

Between 2020 and 2022, Bombardier’s 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 proactive approach and has reduced its total debt by $4.5 billion, when including this year’s debt-related transactions, a 45% reduction compared to 2020. This also resulted in credit rating upgrades from both S&P and Moody’s 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 evolution of the industry flagship Global 7500 aircraft, further solidifying Bombardier’s leadership position in the large jet segment.

Bombardier also upgraded its best-selling Challenger 300 family with the Challenger 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 Association (GAMA).

Bombardier has invested significantly into its aftermarket business since 2020, and it has played an important role in the diversification of its revenues. The company’s service footprint has grown by close to one million square feet of new capacity worldwide, and its Aftermarket team has added 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 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

Textron Aviation Inc. today announced it has delivered a special mission Cessna Grand Caravan EX aircraft to the Belize Ministry of National Defense and Border Security. The Foreign Military Sale (FMS) contract was executed by the U.S. Army Contracting Command, Redstone Arsenal, Huntsville, Alabama.

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

“The Grand Caravan EX delivered to the Belize Ministry of National Defense and Border Security will be used as a multi-mission platform for Intelligence, Surveillance and Reconnaissance (ISR), Casualty Evacuation (CASEVAC), Search and Rescue (SAR), Air Mobility, Light Air Drop and other operations as necessary,” said Bob Gibbs, vice president, Special Mission Sales. “This is the first Caravan EX in the service of the Belize Ministry of National Defense and Border Security.”

This Grand Caravan EX is fitted with 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. Caravans fulfill roles for multiple missions, ranging from flight training to recreation, commuter airlines to VIP transport, cargo carriers and humanitarian missions.

The Grand Caravan EX aircraft is known for its dependable and efficient performance by regional airlines, charter operators, cargo carriers and special 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: “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.”

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Avfuel Helps Neste Supply SAF to Boeing

Boeing will purchase 5.6 million gallons (21.2 million liters) of blended sustainable aviation fuel (SAF) to support their carbon footprint reduction strategy through 2023.

The total volume of Neste MY Sustainable Aviation Fuel™ supplied is approximately 1.7 million gallons (5,200 tons). The blended SAF will be supplied to Boeing by Neste’s partners EPIC Fuels, Signature Aviation, and Avfuel.

Boeing has agreed to purchase Neste MY Sustainable Aviation Fuel™ supplied by EPIC Fuels, Signature Aviation and Avfuel to power its U.S. commercial operations through 2023. These fuel purchases more than double Boeing’s SAF procurement from last year. Neste’s SAF will be blended with conventional jet fuel at a 30/70 ratio to produce 5.6 million gallons of blended SAF.

“As one of the top aircraft manufacturers in the world, Boeing is sending a clear message to the entire aviation industry through this purchase that SAF is a key solution to reduce greenhouse gas emissions from flying,” said Michael Sargeant, Vice President Americas, Renewable Aviation at Neste. “We are proud to be a part of this collaboration along with our partners EPIC Fuels, Signature Aviation and Avfuel.”

EPIC Fuels, Signature and Avfuel will supply blended SAF for Boeing’s ecoDemonstrator program and the company’s fuel storage in Washington state and South Carolina. Additionally, EPIC Fuels and Signature will supply blended SAF for generating emissions reduction benefits for Boeing to allocate for company operations including Dreamlifter and executive flights, and commercial airplane deliveries. In 2021, Boeing 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’s emission reduction goals. Using Neste MY Sustainable Aviation Fuel™ reduces greenhouse gas emissions by up to 80%* over the fuel’s life cycle, compared to using conventional jet fuel.

Neste’s SAF is made from sustainably sourced, 100% renewable waste and residue raw materials, such as used cooking oil and animal fat waste. SAF is certified for commercial use and can currently be blended up to 50% with traditional jet fuel without modifications to airplanes, engines or fueling infrastructure.

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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 of 1.3 billion Swiss francs, operating income of 226 million Swiss francs and orders worth 1.6 billion Swiss francs, Pilatus achieved a very positive set 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 General Aviation Business Unit, for example, a purchase agreement for over 20 PC-12 NGXs was signed with the US company Tradewind Aviation, virtually doubling this business airline’s fleet. 2022 also brought its share of major challenges. Pilatus had to contend with disruptions to supply chains, which impacted negatively on production operations.

Markus Bucher, CEO of Pilatus, says the past year was very positive overall: “Rarely has the company had to operate in such a geopolitically unpredictable period. Never before have we encountered such serious supply chain 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: “I’m 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 bestsellers, 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’m very confident that we will reel in an order soon!”

Aircraft deliveries account for a substantial share of the business results, but the customer service business continues to grow as well – 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 employees overnight. Skytech will continue to sell and service PC-24s and PC-12s on an independent basis along the Eastern Seaboard.

Breaking with the tradition of the past 25 years, the 2,300 employees at the headquarters in Stans, Switzerland, will no longer receive a bonus payment. In return, Pilatus will raise monthly salaries by incorporating the maximum 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 highlights: the 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 components is also planned at the Ennetbürgen site. Further proof that Pilatus remains firmly committed to Switzerland as a centre for ideas, work and training!

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Duncan Aviation reconfigures Falcon 900EX

Duncan Aviation is excited to showcase this Falcon 900EX that was completely transformed and reconfigured at its full-service MRO facility in Battle Creek, Michigan. The aircraft features a new credenza, eye-catching center dividers, and unifying details that give the interior a dramatic and modern style.

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

“It had a very traditional corporate jet interior,” explained Duncan Aviation Lead Designer Heather Pridemore. “The cabin finishes were dated and consisted of dark red wood, beige tones, and a world map on the conference table.”

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’s requests, the Duncan Aviation team removed the single seat in the aft cabin, replacing 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 “open,” they created unique partitions with transparent acrylic panels accented by veneer.

“The customer wanted privacy while lounging in the aft cabin, without feeling cut-off from the rest of the aircraft,” explained Pridemore. “This creative divider design was the perfect solution!”

The team incorporated subtle design cues to streamline the interior, such as running the veneer grain forward to aft, updating the lav vanity to a modern, 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 owner’s 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 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 on the owner’s list of upgrades.

“There were a lot of new ideas put into the interior,” said Pridemore. “We all worked together and explored new designs to realize the customer’s vision. I am so proud of all of our team members in helping create such a unique and beautiful aircraft!”

Duncan Aviation Completions Sales Representative Suzanne Hawes said she enjoyed seeing the detailed work and pride all the shops put into the aircraft. “It’s a beautiful showpiece,” said Hawes.

The aircraft also received 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 Targets

Gogo Inc., the world’s largest provider of broadband connectivity services for the business aviation market, has announced its financial results 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 2021 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 (“AOL”) 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 total AOL as of December 31, 2022, up from 39% as of December 31, 2021.

Average monthly revenue per ATG aircraft online (“ARPU”) 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 million 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 million 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 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 compared to $152.2 million as of September 30, 2022. Cash and cash equivalents reflect the Company’s September repurchase of 1.5 million shares of common stock for $18.4 million in a private transaction.

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 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 million in 2021.

Free Cash Flow increased to $57.8 million compared to $49.4 million in 2021.

“Our equipment revenue surged, 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,” said Oakleigh Thorne, Chairman and CEO.

“We’re also on track to commercially launch our 5G service in Q4 this year, and our LEO-based Global Broadband product in the second half of 2024.”

“Our strong financial results underpin our confidence in our financial targets,” said Barry Rowan, Executive Vice President and CFO. “We have extended our long-term revenue growth target of 17% from 2022 through 2027 and reiterate our target for over $200 million in Free Cash Flow beginning in 2025.”

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 expenses 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 capital expenditures of approximately $30 million to $40 million, of which $20 million 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 2022 through 2027, with Global Broadband contributing to revenue beginning in 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 thereafter, consistent with the prior target.

The Company’s 2023 financial guidance and long-term targets include Gogo 5G and Global Broadband but do not reflect the impact of the Federal Communications Commission’s Secure and Trusted Communications Networks Reimbursement Program (the “FCC Program”), 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 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 evolution and growth of the industry in emerging markets around the globe.

Bestfly and Krimson Aviation, under the leadership of Nuno Pereira and Dawit Lemma, respectively, have been integral in establishing the foundations of the sector across the vast continent of Africa and now intend to share the accumulated knowledge and experience 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 Georgetown, Guyana-based operator and aviation services provider. BFK Aviation will support the needs of Xen Aviation’s expanding flight and ground services for current and future operations.

Bestfly, already well versed in supporting the oil and gas industry in Angola, will provide aircraft operational know-how, while Krimson will provide all ground support and maintenance service intelligence. The signing follows the success of the Guyana Energy Expo, held in Georgetown in February, and 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’s largest business aviation services provider operating a fleet of some thirty aircraft including turboprops, executive jets, regional airliners, and helicopters flying within Angola, Africa and internationally; as well as a commercial operator flying scheduled routes to Cabo Verde. As one of the first African aviation companies to be granted IS-BAO status, Pereira and his team are familiar with the rigour and quality required to meet and exceed international standards and customer expectations. Krimson Aviation has expanded significantly since launch and provides a range 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 Association, and Pereira, as a board member, was critical in securing its inauguration and subsequent successful development. Lemma has also been a significant force in the association's development and is VP International and a board member. Their collective experience of shaping the evolution of Africa’s business aviation development, mutual extensive global network, and understanding of what it takes to affect a positive change in the perception of business aviation, intra- and inter-continentally, positions them well to support commercial, sustainable transformation in evolving markets.

“Undoubtedly, we can enable and enhance credible operations in challenging and dynamic operating environments. We want to harness this very specific 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,” says Lemma.

Pereira adds, “At Bestfly, we have worked extremely hard to create aircraft operations that are internationally respected, and we are known for our professionalism, excellence and reliability as we have a real understanding of what it takes to service the changing demands of our international oil and gas, mining and agricultural customers.”

“Working with BFK Aviation will add value to our existing operations, support the development of new standard operating procedures, and we know will raise the bar wherever we work to implement best industry practices,” adds Ronaldo Alphonso, Managing Director, Xen Aviation. “We’re excited for what the future holds for us, BFK and the business aviation sector in our region.”

About Krimson

Krimson launched in 2015 to provide aviation services with integrity and excellence. Based at Addis Ababa Bole International Airport, the team offers 24/7 support fulfilling a range of aviation services, including ground handling, flight support, refuelling, charter brokerage and aviation communications. Customers originate from around the world to take advantage of the local 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 aviation 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 and discretion.

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Air bp announces first sale of ISCC EU sustainable aviation fuel produced at bp’s Castellon refinery

Air bp, the international aviation fuel products and service supplier, has announced the first sale of International Sustainability and Carbon Certification (ISCC) EU SAF from bp’s Castellon refinery in Spain. The flight was carried out by LATAM Cargo Chile from Zaragoza, Spain to North America.

This latest announcement builds on its experience of supplying 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 feedstocks.

“This latest announcement marks another important 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 production in the most economical and efficient way. We believe that all technologies 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 supply of ISCC EU SAF from Castellon will open new opportunities throughout the country and beyond,” said Andreea Moyes, Air bp’s global sustainability director.

“We are proud to collaborate with Air bp as its first customer to refuel 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, so this first fuelling reflects the importance of the collaboration of all players in the logistics chain including AENA and Exolum," said Andrés Bianchi, CEO of LATAM Cargo.

The ISCC EU SAF supplied by Air bp is made from waste based sustainable 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 launched an industry taskforce looking to increase this to 30%. This sustainable component has an attributed saving of around 80% carbon emissions over its lifecycle compared with the conventional jet fuel it replaces.

bp aims to increase SAF production further in future and this week announced 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 Castellón. Green hydrogen will be used 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 industry.

If you would like to have 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, at [email-masked] 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.

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