Archives: Market Intelligences

Aircraft Lessor Receives First of 30 Ordered ATR Turboprop Aircraft for a Strong Start in 2024

On January 15, 2024 ATR kicked off the year with a significant milestone by delivering its first aircraft, ATR 72-600, to Abelo, a leading leasing company. Abelo then placed the plane to the Greek airline SKY Express. This delivery marks an important moment as it’s the first of 30 aircraft ordered by Abelo, showing ATR’s strong beginning for the year and the trust they have from customers and leasing companies.

The ATR 72-600 is a fuel-efficient aircraft that will help SKY Express improve regional connectivity in Greece. It’s replacing older models, bringing advanced features, and making operations more efficient. The aircraft is designed for a smooth and comfortable experience for passengers during regional travel.

The delivery amplifies the high demand for new turboprop aircraft, emphasizing the confidence Abelo has placed in ATR, as reflected in their substantial orderbook. This move reaffirms Abelo’s commitment to investing in cutting-edge, low-emission aviation solutions.

ATR’s strong start to the year serves as a testament to the company’s dedication to providing innovative aircraft that meet the evolving demands of the regional aviation market. With a solid track record of excellence and a focus on sustainability, ATR continues to lead the industry by driving regional connectivity and fostering economic growth globally.

Source: ATR
Photo Credit: ATR

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Virtual Reality Pilot Training Solution Provider Visionary Training Resources Announces New Director of Sales

Visionary Training Resources (VTR), the leader in Virtual Reality (VR) flight training devices, which earlier in January 2024 has announced a formal relationship with CommuteAir, a leading regional airline operating as United Express, has named Andrea Arola as its Director of Sales.

About Visionary Training Resources 

Founded by pilots with extensive safety and training backgrounds, Visionary Training Resources (VTR) delivers a powerful pilot training platform, FlightDeckToGo®, which leverages the power of virtual reality (VR) technology. Portable, easy-to-use, realistic, and dimensionally accurate, FlightDeckToGo® provides important advantages over traditional flight simulators, including reduced training costs, cost savings on aircraft familiarization training, and better retention of information.

Source: Andrea Arola
Photo Credit: Andrea Arola (shown as meta image)

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New Flight Training Student Financing Organisation Launches in the US – Aviation Finance Group

After months of research and strategic planning with their partners Climb Credit and ISI Holdings, United States based Aviation Finance Group is proud to announce the launch of an innovative and student-focused lending solution for aviation students.

“This product has been tailored to address students’ needs and career trajectory while also being an attractive asset for investors to add to their portfolio. If you are a flight school looking for a financing option for students, Aviation Finance Group is interested to talk about partnership opportunities. If you are an investor looking for a high yield and low default-exposure asset, Aviation Finance Group have options for you to take advantage of this unique asset pool.” shared Austin Elsey, Chief Operating Officer at Aviation Finance Group.

While Aviation Finance Group is exclusive to North Carolina, US based flight training organisation Blue Line Aviation for the launch, the company expects to expand rapidly to other flight schools.

Source: Aviation Finance Group

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Atlantic Flight Training Group EuroPilot Center Announces EUR100,000 Flight Training Scholarships

EuroPilot Center, a leading aviation training organization with Airline Pilot Training Centers in Antwerp and Southern California, is breaking new ground in 2024 by earmarking an unprecedented 100.000 EUR for Airline Training Scholarships. This initiative aims to support aspiring aviators aged 17 to 30 who are applying for the full-time Airline Career Program (ACP) at EuroPilot Center. For the first time in its history, EuroPilot Center is offering this substantial financial support to nurture the next generation of aviators.

Eligibility
Applicants aged 17 to 30 applying for the full-time Airline Career Program.

Allocation
EuroPilot Center donates 100.000 EUR in total, with each of the top 4 successful applicants receiving a 25,000 EUR scholarship towards their full-time Airline Career Program (ACP).

About EuroPilot & SoCal Pilot Center (and the International Pilot Center Alliance – ICPA) 

EuroPilot and SoCal Pilot Center, part of the International Pilot Center Alliance (IPCA), are EASA and FAA Approved Training Organizations with Training Locations in Antwerp (Belgium) founded in 2007, and Coachella, California (USA) founded in 2015. Offering a complete series of high-level pilot training courses, ranging from EASA and FAA Private Pilot, Instrument Ratings, Commercial Pilot, APS-MCC, A-UPRT, and All-Inclusive Airline Career Programs. In addition, EASA and FAA Flight Instructor training courses are provided as well.

With an actual graduation/hiring percentage over 96%, EuroPilot & SoCal Pilot Center has been successful in offering alumni with Airline Jobs worldwide. IPCA has currently over 150 students in training, enrolled in different programs and this number is growing fast due to the worldwide Pilot Shortage.

Uniquely, the Campus in California called SoCal Pilot Center is providing both EASA training/Testing/Skill-Tests and FAA Part 141 training on US soil and is 100% owned by EuroPilot Center. The school is staffed with full-time European Flight Instructors and guarantees the highest quality standards in flight training. All facilities, including new student housing, are an integral part of the organization. The US branch is also part of the Textron Aviation, Cessna Pilot Center Network since 2016 and has been approved by CATS/PSI as an FAA Testing Center. SoCal Pilot Center is approved by the USCIS to provide M1 Visa’s to foreign students for Flight Training under the SEVIS program.

Source: EuroPilot Center

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Canadian Pilot Training Organisation, Select Aviation College, Joins Airline Pilot Mentorship Program

Fast growing Canadian flight training organisation, Select Aviation College, which announced in 2023 a $13 million facility expansion, shared that it has qualified for Canada based Porter Airline’s Destination Porter pilot mentorship program.

“We are very proud to be joining other renowned schools in this amazing program. Destination Porter is a mentorship program that offers young pilots who graduate from recognized schools the opportunity to gain insights and mentorship from experienced Porter Airline pilots. Enrolled students will also benefit from preferential consideration for employment opportunities with Porter Airlines upon graduation. We are extremely pleased to provide our students with exposure to an established airline and offer them a competitive advantage in their career paths.” shared Select Aviation College.

The pilot mentorship program is open to student pilots from all nationalities.

Source: Select Aviation College

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Philippines-based Flight School First Aviation Academy Receives Korean Visitors

Subic, Zambales, Philippines based First Aviation Academy, Inc. welcomed aspiring Korean aviators to its flight training facility.

In October 2023 First Aviation Academy announced its partnership with the Philippine National Bank (PNB) for the Pilot Trainee Financial Assistance Program which makes it possible for those who are in need of funds to jumpstart their aviation career through a loan request, with the non-collateralized loan at up to P2M (US$35,000) and the collateralized loan amounting at up to P10M (US$176,000).

About First Aviation Academy
First Aviation Academy offers cadetship, modular and flexi programs for aspiring pilots. They are a joint venture between MacroAsia Corporation, the leading aviation support services in the Philippines and PTC Holdings, the largest maritime training and crewing in the country.

Source: First Aviation Academy
Photo Credit: First Aviation Academy (shown as meta image)

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