• Leading Aviation Insurance Provider Presents Challenges and Opportunities

Parsippany, New Jersey | November 17, 2016– The drone industry is growing before our eyes in ways that will affect many of our lives and at a speed that will challenge our expectations. Developing a drone program in any size enterprise will involve investment and risk. This is one of the key observations in a new white paper, Sky High Drone Growth Presents Challenges and Opportunities, published this week by Global Aerospace, a leading international aviation and aerospace insurance provider.

“Global Aerospace has a unique awareness of the realities of the Unmanned Aircraft Systems market today,” said white paper author Chris Proudlove, Global Aerospace’s Senior Vice President and Manager of UAS Risks. “We work with a significant number of companies to help them understand best practices and safely utilize this incredible technology, in a way that will foster long-term success.”

The white paper is being made available free of charge, and can be downloaded at: www.global-aero.com/sky-high-drone-growth-presents-challenges-and-opportunities.

For several years, Global Aerospace has provided insurance solutions and guidance to UAS operators from small independent organizations to large, military-grade UAS users. As aviation regulators around the world actively work to establish guidelines for the safe integration of UAS into their national airspace, Global Aerospace is at the forefront of insurance for this new industry, helping manufacturers and operators understand how to improve safety, minimize risk and insure against loss and liability.

Individuals interested in learning more about UAS risk and insurance, or wishing to speak to an unmanned aviation insurance expert can contact Chris Proudlove at (973) 490-8525 or cproudlove@global-aero.com or a member of the UAS underwriting team at unmannedsubmissions@global-aero.com for more information.

Global Aerospace is a leading provider of aerospace insurance with a worldwide portfolio of clients who are engaged in every aspect of the aviation and space industries. Headquartered in London, we have offices in Canada, Cologne, Paris, Zurich and throughout the United States. Across the world we employ over 300 people. With experience dating back to the 1920s, the company’s underwriting is backed by a pool of high quality insurance companies representing some of the most respected names in the business.

For additional information about Global Aerospace, please visit www.global-aero.com. To learn more about the company’s SM4 safety program, please visit sm4.global-aero.com.

East Aurora, NY | February 24, 2016– Astronics Corporation (NASDAQ: ATRO), a leading supplier of products to the global aerospace, defense, consumer electronics and semiconductor industries, announced today that its Board of Directors has approved a share repurchase program, authorizing Astronics to repurchase in the aggregate up to $50 million of its outstanding common stock. Purchases by Astronics under this program may be made from time to time at prevailing market prices in open market purchases, privately negotiated transactions, block purchase techniques or otherwise, as determined by Astronics’ management. The program has no time limit and may be discontinued at any time at the Company’s discretion.

Peter J. Gundermann, President and Chief Executive Officer, commented, “This share repurchase initiative reflects the company’s belief that our shares represent an attractive investment opportunity. Our goal is to implement the repurchase program while maintaining our capital allocation strategy of reinvesting in the company both internally and externally for future growth.”

The purchases are expected to be funded by the Company’s operating cash flows and revolving credit facility. The timing of the purchases and the number of shares repurchased will depend upon business and financial market conditions. The Company is not obligated under the program to acquire any particular number of shares.

Click here to download the entire release.


For you mobile device addicts, SITA announced recently that JetBlue is using the SITA Mobile Boarding Pass API for Apple Passbook. JetBlue customers can now simply check-in online and choose to store their boarding passes automatically on their iPhone to use at the airport. Passbook makes it easy for passengers to use mobile boarding passes because it automatically displays the right boarding pass on the passenger’s phone as they arrive at the airport. SITA’s Mobile Boarding Pass API, available from SITA’s API platform, developer.aero, simplifies boarding pass distribution for an airline by allowing them to send passes via email, SMS, push notification and now, Passbook. JetBlue is one of the first airlines to go live using the API and SITA’s technology research team, SITA Lab, is now working with other major airlines and ground handlers to help them offer this service to their customers. We asked Leidar’s Charlie Pryor about device capability and he told IFExpress, “Mobile boarding passes can be delivered to any mobile device. It needs some form of connectivity, typically WiFi or a cell phone network.” Enough said. Check out the opening image for an example of what you can expect on your mobile device.

The Federal Aviation Administration (FAA) completed the Supplemental Type Certificate (STC) ST03276CH, which approves the installation of the Zodiac Inflight Innovations RAVE system on the Air Niugini Boeing 767 aircraft. We contacted Global Aero’s Todd Hamblin for a bit more information and he told IFExpress, “The installation and certification was made easy because of Global’s 30 years of experience doing these types of modifications.  Air Niugini wanted a cost effective cabin upgrade that would best serve their customers for years to come and Global was focused on bringing it to them. Our engineers and tech’s greatly appreciated the trust and respect Air Niugini gave us during the program and the Zodiac product really puts them in a better position to compete with other airlines in the highly competitive business travel market entering Papua New Guinea. Airlines seeking new IFE equipment need to make sure they select the IFE solution that best fits the needs of the customers but, most importantly, they need to find an integrator that puts the needs of the customer above all others. Finally let me mention that our team is very good at these complex projects because our experience and dedication sets us apart from all others.”…. no sales pitch, we note. For more information, please contact Todd Hamblin at +1 513 444 4049, thamblin@gadc.aero.

You know about our love of infographics for conveying information, check out this one on airport IT trends and note if you ask IFExpress the world of apps is upon us and if you don’t carry a mobile device in the future, you could get a surcharge on your ticket!

Regarding inflight cell calling, it would not surprise us to find a tekkie frequent flier or two with a cell phone scrambler tucked away for use on a plane. Hey, they exist and are regularly used on buses. Our tech genius has been showing them to us for years! And yes, it is probably illegal.

RUMOR CENTRAL – A small flying creature told us that the Row44 folks should probably learn some Mandarin!

And finally perhaps, the best safety video ever from Virgin, of course!