Market Intelligence: Far East & China

Training Aircraft Manufacturer, Piper Aircraft, Extends Exclusive 5 Year Distribution Agreement with Boeing

Piper Aircraft, renowned for its legacy of excellence in general aviation, proudly announces its partnership renewal with Boeing, arguably one of the most robust OEM parts inventory and distribution structures in general aviation. This establishes Boeing Aircraft as the exclusive distributor of key aviation components and parts manufactured by Piper for the next five years.

Under the agreement, Boeing will manage the distribution of critical Piper parts, ensuring seamless availability and support to Piper’s extensive global network of customers and operations. Boeing currently maintains over $22 million in Piper parts inventory with a 98%+ fill rate on forecasted parts. Additional parts inventory spans across the Piper Global Service network, including a $1.5 million depot at Piper Germany to service the European market, with Boeing’s warehouse location at DFW proving to be advantageous for international shipments. This collaboration marks a significant milestone for both companies, leveraging Boeing’s robust distribution capabilities with Piper’s cutting-edge technologies.

“We are thrilled to grow this partnership with Boeing,” said Ron Gunnarson, VP of Sales, Marketing & Customer Support at Piper Aircraft. “This agreement underscores Piper Aircraft’s commitment to delivering exceptional quality and service in the aviation industry. In the coming year, look for improved response time and dedicated, Piper-specific CSR assistance.”

Boeing (formerly Aviall) has served as Piper’s primary spares depot since 2010. The company’s dedication to worldwide distribution and customer satisfaction aligns seamlessly with Piper’s commitment to innovation and reliability in GA manufacturing.

The partnership between Piper Aircraft and Boeing exemplifies a shared commitment to excellence, innovation, and customer satisfaction in the aviation industry. Together, both companies are poised to set new standards in aerospace distribution and service.

About Piper Aircraft
Piper Aircraft Inc., headquartered in Vero Beach, Fl., offers aviators throughout the world efficient and reliable single and twin-engine aircraft and is the first general aviation aircraft manufacturer in the world to certify Garmin® Emergency Autoland. The single-engine M-Class series – the M700 FURY, M500, and M350 – offers businesses and individuals elegant performance, value and a superior ownership experience. The Personal Class Archer LX and Archer DLX balance proven performance, efficiency, and simplicity in a piston-powered aircraft. The Trainer Class Pilot 100i, Archer TX, Archer DX, and Seminole aircraft form the most complete technically advanced line of pilot training aircraft in the world. Piper is a member of the General Aviation Manufacturers Association.

Source: Piper Aircraft
Photo Credit: Piper Aircraft

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Global Aircraft Manufacturer, Boeing, Announces 2024 Appointment for President and CEO

Boeing announced that its Board of Directors has elected Robert K. “Kelly” Ortberg as the company’s new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing’s Board of Directors.

He will succeed Dave Calhoun, who earlier this year announced his intention to retire from the company, having served as president and CEO since January 2020, and as a member of Boeing’s Board of Directors since 2009.

“The Board conducted a thorough and extensive search process over the last several months to select the next CEO of Boeing and Kelly has the right skills and experience to lead Boeing in its next chapter,” said Steven Mollenkopf, Chair of the Board. “Kelly is an experienced leader who is deeply respected in the aerospace industry, with a well-earned reputation for building strong teams and running complex engineering and manufacturing companies. We look forward to working with him as he leads Boeing through this consequential period in its long history.”

“The Board would also like to thank Dave Calhoun for his strong leadership at Boeing, first as Chair and then as CEO, when he stepped in to steer the company through the challenges of recent years,” added Mollenkopf.

“I’m extremely honored and humbled to join this iconic company,” said Ortberg. “Boeing has a tremendous and rich history as a leader and pioneer in our industry, and I’m committed to working together with the more than 170,000 dedicated employees of the company to continue that tradition, with safety and quality at the forefront. There is much work to be done, and I’m looking forward to getting started.”

Ortberg, 64, brings over 35 years of aerospace leadership to this position. He began his career in 1983 as an engineer at Texas Instruments, and then joined Rockwell Collins in 1987 as a program manager and held increasingly important leadership positions at the company prior to becoming its president and CEO in 2013. After five years leading Rockwell Collins, he steered the company’s integration with United Technologies and RTX until his retirement from RTX in 2021. He has held a number of important leadership posts in industry, including serving on the Board of Directors of RTX. Additionally, he serves on the Board of Directors of Aptiv PLC, a global technology company and an industry leader in vehicle systems architecture. He is the former Chair of the Aerospace Industries Association (AIA) Board of Governors.

Ortberg holds a bachelor’s degree in mechanical engineering from the University of Iowa.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.

Source: Boeing
Photo Credit: Boeing

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Flight School Management Software Flight Schedule Pro to Unveil Enhanced Platform in August 2024

United States headquartered Flight Schedule Pro, a major provider of flight school management software, will introduce its new Next Gen suite on August 13, 2024. The platform aims to advance flight school operations with features such as smart scheduling, enhanced tracking of student graduation progress, and automated billing.

Flight Schedule Pro says a key priority for the company is enhancing aircraft utilization as it’s a major operational challenge for flight schools today. According to the provider, by refining scheduling and maximizing the use of existing aircraft, schools can boost their training capacity without the high costs of adding more aircraft—leading to greater profitability and quicker student progression.

Nick Wegner, CEO of Flight Schedule Pro, underscored the importance of the Next Gen suite of tools stating, “Next Gen Flight Schedule Pro is a critical step in flight school management technology. Our customers serve not only their students but also global airlines who are combatting the pilot shortage. NextGen capabilities maximize aircraft utilization, streamline student progress tracking, and automate billing and operations to strengthen the relationship between flight schools, their students, and the airlines.”

The Next Gen features of Flight Schedule Pro will be available to all Suite subscribers, while Billing Autopilot will be available to users with FSP’s Preferred Merchant Account.

Source: Flight Schedule Pro
Photo Credit: Flight Schedule Pro (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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