LATITUDE AERO

Latitude Aero, a Greensboro-based aerospace company, is growing and expanding into a new location, doubling size and capacity of production. The new facility expects to become fully operational, adding EASA certification, mid-December 2020.

The new 100,000 sf (9,290 sm) facility is located in the same industrial park as the company’s current headquarters at Air Park North, adjacent to PTI Airport. The increased storage and manufacturing space is climate controlled, and will make room for some additions, including a machine shop for OEM fabrication, and a sewing studio for custom seat refurbishment, all under one roof.
President and CEO Kelvin Boyette expressed enthusiasm about how the growth will benefit the Triad and beyond. “Our new headquarters will create fresh revenue and labor here in the area. By operating a facility roughly double the size of our current operation, we’re now able to take on larger projects, run production simultaneously, and provide new capabilities to our clients.”

Along with the new facility and new capabilities come new jobs. Latitude Aero will be looking to hire 15-20 positions in the next 120 days. Positions will include sewing specialists, CNC operators, machinists, and additional seating technicians to handle the increased volume.

Latitude Aero is an aircraft seating overhaul provider that specializes in the integration of inflight entertainment (IFE) and in-seat power (ISPS), to provide economically viable solutions for cabin upgrades of any scope. The new shop in the Seattle Region will service the OEM customer base on the West Coast and will allow the company to provide maintenance and repair to all of North America.

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THALES

Thales introduces Ready to Fly – a portfolio of solutions for a safer & healthier travel journey.

• After introducing its strategy for a low carbon future enabling a 10% reduction of aircraft CO2 emissions by 2023, Thales is supporting its global airline customers with advanced technologies to restore confidence in air travel by enhancing the health safety and wellness of passengers.
• These affordable solutions can be quickly deployed to meet the immediate needs of airlines on new and in-service IFE systems.

The Ready to Fly portfolio of solutions offered by Thales are designed to help our airline customers restore passenger confidence in air travel during the crisis and in a post pandemic world. With Ready to Fly, Thales InFlyt Experience is focused on expediting the industry’s digital transformation through passenger-centric solutions and integrated products as well as services that increase crew efficiency. Ready to Fly solutions enable cabin innovations that reduce touch and mitigate passenger congestion.

The Ready to Fly “touchless” solutions allow passengers to safely control the inflight entertainment system with their personal phone or tablet for a full IFE experience, including digital versions of onboard paper menus, magazines and important safety and health information. To reduce physical interactions with the crew, while maximizing services, the Thales Travel Assistant solution will enable passengers to request and receive automated information on the seatback monitor. The crew will also have the ability to gather information, receive notifications and control the cabin from their own secure personal phone or tablet.

Looking toward the future, Thales is leveraging its robust network of partners to develop cabin automation solutions that decrease congestion, facilitate aircraft disembarking, and manage passenger flow by using synthetic data.

Thales is building a future we can all trust by reimagining the way people travel using advanced and cyber-secured technologies that create a safer, and more connected, digital ecosystem.

“Most important to Thales is that we are here to support our airline customers and work with them to tackle their toughest challenges during these unprecedented times. Our solutions are highly automated, reduce the need of interaction, and increase the efficiency of airline ground and air personnel. Ready to Fly brings multiple innovations that enhance wellness in the cabin while providing the best passenger experience.” Neil James, Vice President, Sales – Thales InFlyt Experience.

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IATA

Deep Aviation Losses Continue Till 2021 – The International Air Transport Association (IATA) announced a revised outlook for airline industry performance in 2020 and 2021. Deep industry losses will continue into 2021, even though performance is expected to improve over the period of the forecast.

•  A net loss of $118.5 billion is expected for 2020 (deeper than the $84.3 billion forecast in June).
• A net loss of $38.7 billion is expected in 2021 (deeper than the $15.8 billion forecast in June).

Performance factors in 2021 will show improvements on 2020; and the second half of 2021 is expected to see improvements after a difficult 2021 first half. Aggressive cost-cutting is expected to combine with increased demand during 2021 (due to the re-opening of borders with testing and/or the widespread availability of a vaccine) to see the industry turn cash-positive in the fourth quarter of 2021 which is earlier than previously forecast.

“This crisis is devastating and unrelenting. Airlines have cut costs by 45.8%, but revenues are down 60.9%. The result is that airlines will lose $66 for every passenger carried this year for a total net loss of $118.5 billion. This loss will be reduced sharply by $80 billion in 2021. But the prospect of losing $38.7 billion next year is nothing to celebrate. We need to get borders safely re-opened without quarantine so that people will fly again. And with airlines expected to bleed cash at least until the fourth quarter of 2021 there is no time to lose,” said Alexandre de Juniac, IATA’s Director General and CEO.

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GOGO

Gogo Inc. announced it has completed the sale of its Commercial Aviation (CA) business to a subsidiary of Intelsat S.A. for $400 million in cash. Gogo will continue as a publicly traded company, now singularly focused on leveraging its ATG network and proprietary spectrum to serve the business aviation market. The proceeds from the transaction significantly strengthen Gogo’s financial position by reducing its net debt position and enhancing the company’s ability to invest in growth opportunities, including Gogo 5G.

“The completion of the sale of our CA business to Intelsat marks the beginning of a new chapter for Gogo; we are a leader in business aviation and now turn our singular focus toward serving that attractive market,” said Oakleigh Thorne, President and CEO of Gogo. “Our business aviation division has proven resilient in the face of the COVID-19 pandemic, as the number of business aircraft online today has nearly returned to January levels.”

“Looking forward, we see great opportunity to create value for our customers, employees and shareholders,” Thorne said. “And on behalf of all of us at Gogo, I want to extend my sincere thanks to the talented CA team that joins Intelsat today. The opportunities that await them are a testament to their unwavering dedication and commitment to Gogo and their aviation partners.”

Immediately following closing, and after Gogo’s $53 million semi-annual interest payments in November, Gogo had approximately $460 million in cash-on-hand and net debt of approximately $770 million. As previously disclosed, Gogo intends to undertake a comprehensive refinancing prior to the first call date of its senior secured notes in May 2021 to align its balance sheet with its new business structure, reduce its interest expense, and facilitate the repayment at maturity of Gogo’s convertible notes, of which $238 million aggregate principal amount are currently outstanding.

Gogo expects to provide an update on its strategic and long-term financial planning process on its fourth quarter earnings call.

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OTHER NEWS

• The second-largest radio telescope in the world is shutting down – this is quite sad since a lot of space/planet knowledge was gained from it as it sat in Puerto Rico for 57 years!
• This is kind of aviation interesting – Emirates’ Big Problem (not what you think) – YouTube