Home Financial products AAV news in brief July 5, 2021

AAV news in brief July 5, 2021

(PHOTO: Shutterstock)

AAR signs an agreement with Druck: AAR has signed an agreement with Druck, a Baker Hughes company, to offer Global Ground Assistance (AOG) for a range of engine pressure sensors. This service will be provided by AAR’s customer support team and the global warehouse network. Complementing existing solutions provided to AAR customers, this multi-year agreement will avoid parts supply delays and provide customers with immediate access to pressure measurement technology. Druck sensors will be used to support applications such as: hydraulics; environmental control systems; fuel monitoring; auxiliary power unit operations; engine measurement; measurement of atmospheric data; and cabin pressure. “We are excited to add Druck’s pressure sensors to our portfolio to enhance our existing AOG solutions for customers,” said Darren Spiegel, vice president and general manager of OEM solutions for AAR. “The AAR AOG team is already supporting a global customer base with the supply of parts and the addition of Druck’s state-of-the-art pressure sensors will complement our existing offering of LEAP sensors and products.

AirAsia’s BigPay requires a banking license: AirAsia’s BigPay unit has officially submitted its digital banking license application to Bank Negara Malaysia. With its experience in launching various regulated financial products, the local fintech wants to expand its reach. BigPay has assembled a strong consortium of strategic partners to support its bid, including Malaysian Industrial Development Finance Berhad (MIDF), Ikhlas Capital and a foreign conglomerate with financial technology expertise. Each of the consortium partners contributes something unique to BigPay Bank’s success. In addition to the consortium partners, BigPay is part of the AirAsia Group and has access to a large ecosystem that includes online merchants and consumers, insurance and telecommunications. Over the past four years, BigPay has added a number of regulated financial products to its offerings, from electronic money and international remittances to microinsurance and budgeting, with the goal of being a one-stop solution. for the financial needs of Malaysians. In the coming months, BigPay will launch a number of new services, including responsible credit, micro-savings and an offer for MSMEs and the self-employed.

ST Engineering innovates on a new American hanger: ST Engineering celebrated the inauguration of a new aircraft maintenance hangar at Pensacola International Airport. Construction of the new hangar is the first phase in the development of a 655,000 square foot airframe maintenance, repair and overhaul (MRO) complex initially announced in October 2018. The project spans a hangar at Existing two-bay wide fuselage operated by ST Engineering. When fully completed, the expansion will add three large state-of-the-art hangars and associated support workshops, as well as approximately 1.5 million man hours to ST Engineering’s annual capacity in Pensacola. The total cost of developing the cell’s MRO complex is budgeted at $ 210 million, funded by ST Engineering, Triumph Gulf Coast, the City of Pensacola, Escambia County, the State of Florida, and other state organizations. and federal. The complex is expected to create around 1,300 jobs in Pensacola. When combined with the first hangar, the total number of jobs in the facility will reach approximately 1,700. To meet the future demand for talent expected on the facility, ST Engineering is evaluating the establishment of a Training Academy aviation that would add 150 additional graduates per year to local aviation maintenance programs.

StandardAero acquires Signature Aviation’s engine repair business: StandardAero has announced that it has received all required regulatory approvals and has officially completed the acquisition of Signature Aviation’s engine repair and overhaul (ERO) business. Signature’s ERO business is an engine maintenance, repair and overhaul (MRO) supplier comprised of the following five entities: Dallas Airmotive, H + S Aviation, WH Barrett Turbine Engine Company, International Governor Services (IGS) and International Turbine Service (ITS). ERO is headquartered in Dallas, Texas with two overhaul facilities (one in Dallas and one in Portsmouth, England), 10 regional turbine centers, one components MRO site, and two parts / distribution facilities. Like StandardAero, ERO is an OEM aligned engine MRO service provider. ERO employs approximately 1,100 people with annual revenues approaching $ 500 million. Its customers include regional airlines, commercial transportation providers, business flight services, private operators, government agencies and defense services. The newly merged company now has nearly 6,600 employees at 55 sites on six continents.

Etihad lands in reopened Phuket: Etihad Airways was the first international flight to land in Phuket to mark the reopening of tourism in Thailand. The airline will operate three weekly flights to the island of Phuket, helping to support the recovery and bring tourism back to Thailand. Martin Drew, Senior Vice President of Global Sales and Freight, said: “Etihad’s return to Phuket is a fantastic step forward as we reopen a very popular vacation destination for UAE travelers, and we are proud to be the first international flight to arrive. since the pandemic cut off travel last year. Vacationers from Europe and beyond can also easily connect via Abu Dhabi and Phuket and can enjoy the benefits of flying in safety and comfort on Etihad’s Boeing 787-9 Dreamliner. To further support return to travel, Etihad has extended its ‘Verified To Fly’ travel document initiative, allowing travelers to validate their COVID-19 travel documents before arriving at the airport, to routes across its global network .

OQ Technology is expanding its activity: OQ Technology has announced several steps that will bring the 5G IoT satellite operator closer to its goal of delivering commercial Internet of Things and machine-to-machine services using 5G connectivity across the globe. Some of its recent steps to grow its business include the successful launch of its Tiger-2 satellite aboard the SpaceX Transporter-2 carpooling mission hosted by Spaceflight Inc., a fourth ESA contract for an agile 5G network setup via satellite, the installation of a new ground station in Luxembourg and its newly created LEO Constellation control center. Tiger-2 is the company’s first commercial 5G IoT nanosatellite to provide basic commercial IoT and M2M services, using 5G connectivity. The planned constellation of OQ Technology will include more than 60 spacecraft to deliver 5G IoT services in remote and rural areas. Tiger-2 will be followed by MACSAT, an agile nanosatellite mission supported by ESA and dedicated to the 5G Internet of Things (IoT) in Low Earth Orbit (LEO). The MACSAT satellite will be able to handle a large capacity of 5G compatible devices. MACSAT is led by OQ Technology and funded by the Luxembourg government via an ESA contract as part of the Luxembourg national space program (LuxIMPULSE).

Travelport and Emirates enter into content agreements: Travelport and Emirates have announced that they have entered into a trade deal that will allow Travelport-related travel agencies to avoid the airline surcharge on bookings through Global Distribution Systems (GDS) which will be introduced from July 1, 2021. In addition, the companies announced a new long-term contract to enable distribution of Emirates NDC content through Travelport’s next-generation platform, Travelport +, and an extension of its long-standing IT agreement. As of July 1, 2021, Travelport’s global network of travel agency partners will automatically upgrade to a dedicated channel providing access to non-premium content. These agencies will also continue to benefit from a rich graphical experience when searching for and booking Emirates-branded fares, as well as better access to its ancillary offerings, through a long-term extension of the existing agreement. of the airline to use the rich content and brand of Travelport. merchandising tool. As part of the deal, agencies connected to Travelport will be able to gain streamlined access to Emirates NDC content and services through Travelport Smartpoint and the company’s enhanced RESTful / JSON APIs once agencies sign new agreements. specific NDCs with the two companies. Travelport and Emirates continue to develop the NDC technical solution for travel retailers around the world and are currently in the process of developing enhanced features and functionality which, when completed, will be rolled out gradually.

flypop confirms London Stansted as UK airport base: flypop has confirmed that London Stansted Airport will be its first airport base in the UK. The flypop team sees strong long-term demand for direct flights between the UK (STN) and major ‘secondary cities’ in India. London Stansted offers excellent connectivity, especially with its rail links to London and the Midlands. Flypop CEO Navdip Singh Judge said: “During the pandemic we have been in talks with a number of UK airports and we can now confirm that London Stansted is our first base in the UK. London Stansted Airport has always been the base for low cost carriers and we believe it is a perfect fit for our passengers. flypop focuses on serving Indian and South Asian diaspora communities living in the UK and their visiting friends and relatives, for whom London Stansted is the most convenient airport.

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