Market Intelligence: Europe
Greek Pilot Training Organisation Egnatia Aviation Enrols 86 Cadets Year to Date – 2024
Egnatia Aviation, one of Greece’s largest flight training organisations headquartered in Kavala, is delighted to welcome its 4th batch of cadets in 2024, making a total of 86 cadets who have started their training this year.
In addition, Egnatia Aviation is pleased to announce the commencement of two more batches in September (17/9) and November (26/11) for the EASA/UAE GCAA Airline Integrated Programme.
Source: Egnatia Aviation
Photo Credit: Egnatia Aviation
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Italian Flight School Professional Aviation Announces Collaboration with Pilot Assessment Solution Provider
Professional Aviation/Professional Aviation Academy, one of the largest flight schools in Italy headquartered in Bologna, Italy, has shared its new selection process test, developed in collaboration with assessment and solution solution provider Symbiotics. The advanced Pilot Aptitude Test is designed to aid students in excelling in airline selection processes and preparing to meet the rigorous standards of commercial aviation.
This innovative tool evaluates both technical knowledge and soft skills, replicating the selection processes of major airlines and aviation agencies. The test includes the following components:
- ADAPT Personality Questionnaire (APQ)
- Cognitive (Reasoning)
- English proficiency
- Future Aptitude Selection Tool (FAST) questions
- Mathematics and Physics
Earlier in the month Professional Aviation/Professional Aviation Academy announced that they have successfully obtained GCAA (General Civil Aviation Authority) certification as an authorized provider of theoretical airline pilot training. This new certification complements our existing GCAA certification for practical flight training, enabling them to offer a complete, integrated training solution for aspiring airline pilots.
Source: Professional Aviation
Photo Credit: Professional Aviation (shown as meta image)
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Global Pilot Training Solution Provider, CAE, Announces 2024 Chief Financial Officer Transition
Montreal, Canada – CAE Inc. (CAE or the Company) announced that Sonya Branco, Executive Vice President, Finance and Chief Financial Officer (“CFO”), has advised the company of her intention to step down from her position at the end of August to pursue interests outside of CAE. As part of CAE’s succession plan, Constantino Malatesta, Chief Accounting Officer and Vice-President, Controller Office, will become interim CFO following Ms. Branco’s departure. A process is underway to identify and select a permanent CFO, and Ms. Branco will continue in a support capacity to ensure a seamless transition.
Ms. Branco has been CAE’s Executive Vice President, Finance and CFO since 2016. She joined CAE in 2008 and was appointed to the role of Vice President and Corporate Controller in 2011.
During her tenure, Ms. Branco was instrumental in the transformation of CAE into the world’s largest civil aviation training provider, which — combined with Defense & Security — makes CAE a company with highly recurring sources of revenue and cash flow. She presided over a period of significant expansion involving more than 20 acquisitions and their integration. Ms. Branco also planned and executed a capital allocation strategy, balancing accretive growth with maintaining a strong financial position and investment grade profile that allowed CAE to successfully navigate the COVID pandemic and beyond.
“On behalf of myself, CAE’s Board of Directors, and the entire executive management team, I wish to express my sincere appreciation to Sonya for her numerous contributions to CAE’s success over the last 17 years,” said Marc Parent, President and Chief Executive Officer. “Sonya led CAE’s finance organization through a period of significant growth and reached many important milestones. We have benefitted greatly from Sonya’s stewardship, her insightful mentorship of her colleagues, and her deep commitment to the Company. We wish Sonya the very best in her future endeavours.”
Added Mr. Parent, “Constantino has worked closely with Sonya for many years, and he has a deep knowledge of CAE’s business and an extensive background in finance that will provide continuity and stability at CAE. I have full confidence in Constantino’s ability to oversee the Company’s financial operations and strategy as we move forward with our selection process for the permanent CFO role, for which we will consider both internal and external candidates.”
Mr. Malatesta was appointed CAE’s Chief Accounting Officer and Vice-President, Controller Office, in 2022. Before that he was Vice President, Finance and Corporate Controller (2016-2022), Global Head of Finance, CAE Oxford Aviation Academy (2014-2016), and Director, Finance and Assistant Corporate Controller (2011-2014). He joined CAE in 2006 as Manager, Accounting Standards. Mr. Malatesta is a Chartered Professional Accountant and U.S. Certified Public Accountant. He obtained a Bachelor of Commerce Degree and a Graduate Diploma in Accounting from Concordia University in Montreal.
About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we’ll make sure our customers are ready for the moments that matter.
Source: CAE
Photo Credit: CAE
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Pilot Training Ground School Materials Provider, Padpilot, Announces Partnership with German Flight School
United Kingdom based pilot training educational material publisher Padpilot has announced their partnership with FFL Fachschule für Luftfahrzeugführer GmbH. Founded in 1963 and based at Essen-Mülheim Airport (EDLE) in western Germany, FFL has an impressive legacy of training over 7000 pilots.
FFL offers a comprehensive range of EASA aviation licences and boasts a large fleet of training aircraft. Padpilot is thrilled to support their integrated ATPL courses with our Padpilot theory materials.
Johann Törner, CTKI from FFL, shared his thoughts on our collaboration: “We want to offer our students up-to-date quality learning material that is both modern, detailed, and comprehensive. Padpilot offers all this, and we’re looking forward to a long-lasting cooperation.”
About Padpilot
Padpilot is the leading digital aviation educational materials publisher, with Foundation, PPL(A), ATPL(A) and ATPL(H) theory teaching and learning resources now available on all devices.
Source: Padpilot
Photo Credit: Padpilot
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Global Aircraft Manufacturer, Boeing, Releases Commercial Market Outlook for 2024–2043
Global aircraft manufacturer Boeing released the following latest Commercial Market Outlook 2024-2043.
Boeing’s latest Commercial Market Outlook projects a robust demand for 43,975 new airplanes over the next 20 years, reflecting a 3% increase in deliveries compared to the previous year’s forecast. The report highlights the significant growth driven by emerging markets and a strong demand for single-aisle aircraft.
- Boeing anticipates a 3% increase in airplane deliveries by 2043, with a total of 43,975 new units expected.
- Much of the growth is attributed to emerging markets and the rising demand for single-aisle airplanes.
- The global passenger and freighter fleet is expected to nearly double over the next two decades.
“As commercial aviation enters the second half of 2024, passenger and air cargo traffic are surpassing 2019 levels, highlighting the industry’s resilience over the last several decades. In the long-term, both market segments are forecast to continue to outpace economic growth. Consumers are prioritizing travel in an increasingly connected world, aviation development is accelerating in emerging markets, and supply chain and e-commerce growth are supporting air cargo demand.
Like air traffic, airlines have also shown resilience. The global airline network is back to 2019 levels and has adapted to new market trends. Route competition remains high. Plus, airlines are managing fleets and boosting productivity to remain profitable in a dynamic global environment.
The 2024 Commercial Market Outlook’s fleet and delivery forecasts remain steady as industry dynamics are largely playing out along the path Boeing anticipated in 2020. There is pent-up demand to replace ageing fleets where retirements have been delayed. Innovation and emerging markets are once again driving fleet growth. Also, a focus on sustainability across the industry is improving efficiency in all facets of airline operations.”
Contact us to receive a copy of the Boeing Commercial Market Outlook 2024-2043.
Source: Boeing
Photo Credit: Boeing
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Training Aircraft Manufacturer Elixir Aircraft Signs 20 Pre-Orders and 80 Letters of Intent for 110 Aircraft at Airventure
Elixir Aircraft, a France headquartered manufacturer of training aircraft, has announced that it has signed 80 letters of intent for 110 aircraft at AirVenture. 20 reservation contracts (pre-orders) have also been signed. This brings the order book to 330 aircraft, including orders, pre-orders and letters of intent, for all markets combined. With a view to the forthcoming American certification of the Elixir aircraft, representatives of the FAA (Federal Aviation Administration) came to visit the stand, as well as numerous flight schools (FTO), universities, private pilots, students and suppliers.
20 pre-orders and 80 letters of intent for 110 aircraft
EAA AirVenture, the world’s largest fly-in, in Oshkosh, Wisconsin, has just closed its doors, after a week of exhibitions and airshows.
Elixir Aircraft was exhibiting for the third time, with a stand three times bigger than in previous years, in the heart of the area dedicated to aircraft training, a stone’s throw from the universities area.
This choice of location and loyalty to the event enabled Elixir Aircraft to sign 80 letters of intent for 110 aircraft, as well as 20 reservation contracts (pre-orders). This brings the total number of the order book (orders, pre-orders and letters of intent) to 330 Elixir aircraft.
Elixir Aircraft was present at AirVenture with the two models in its range, the Elixir 100 hp for training and the Elixir 140 hp for travel. Both met with their markets, including schools and private owners of all profiles, including first-time buyers.
FAA appointment week
The forthcoming FAA Part-23 certification will allow letters of intent to be transformed into reservation contracts, enabling the customer to obtain a serial number on the production line. Two American flight schools, Cirrus Aviation and Sierra Charlie, which have signed their letters of intent for 2023, are at the top of the waiting list.
The meeting with the FAA was therefore eagerly awaited. Over the course of the week, several representatives of the American civil aviation authority, at all levels of decision-making, came to meet Elixir Aircraft. They were able to see for themselves the high level of reliability and safety of the aircraft.
Developing the local supply chain
With a view to opening the reassembly plant in Sarasota, Florida, in spring 2025, Elixir Aircraft also met its main suppliers, who were also exhibiting at AirVenture, including Beringer, MT Propellers, Rotax, Garmin and BRS. Other potential partners have also been approached to set up the local spare parts stock and maintenance.
About Elixir Aircraft
Elixir Aircraft is a French aircraft manufacturer founded in 2015 to meet the challenges of global light aviation. Based in La Rochelle, it has over 150 employees and is recruiting massively. Elixir Aircraft designed and has been building a 4th-generation two-seater aircraft, certified EASA CS-23 since 2020. Elixir Aircraft uses technology from the world of competitive sailing, the “Carbon Oneshot” (in one piece), to simplify structures. More simplicity means fewer failures, so greater safety, but also less maintenance, and lower costs (estimates of savings of $50/h fuel and maintenance). At the end of 2021, Elixir Aircraft opened a new production site in Périgny, Charente Maritime, to bring production of all carbon parts in-house.
There are 26 Elixir aircraft currently in operation, with over 330 of the 4th-generation Elixir aircraft on the order book (firm orders, pre-orders and letters of intent). In June 2023, the French President announced a 13-million euro subsidy for Elixir Aircraft. In early 2024, Elixir Aircraft announced the closing of its development financing for the next 5 years, with a budget of 40 million euros. Elixir Aircraft is preparing to open a new 15,000 m2 facility in La Rochelle and another in Sarasota, Florida.
Source: Elixir Aircraft