Market Intelligence: Far East & China

Flight Simulation Solution Provider True Course Simulations Installs 5 Flight Training Devices at Korean University

True Course Simulations, a provider of cutting-edge virtual reality (VR) flight training devices, has installed five advanced VR immersive flight training devices at the Flight Training Centre of Korea Aerospace University (KAU). This partnership aims to enhance pilot training for KAU cadets, preparing them for careers with airlines like Korean Air and other global carriers.

  • The new VR Flight Training Lab includes five state-of-the-art immersive flight training devices provided by True Course Simulations.
  • The VR training tools are designed to complement traditional flight training by offering a cost-effective, flexible, and immersive learning environment.
  • This initiative supports KAU cadets’ transition to becoming pilots, with a focus on meeting the growing demand for skilled aviators in the region.

Source:

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Flight Simulator Manufacturer FTD.aero Receives B738 FTD Order from South Korean Low Cost Carrier

Poland – Flight simulator manufacturer FTD.aero has received an order from South Korea low cost carrier T’way Air for the delivery of a Boeing B738 Level 4 FTD.

“We are delighted to support T’way Air in their ongoing growth and to provide them with tools for effective crew training. We are confident that our simulator will exceed their expectations,” said Filip Witczak, from FTD.aero.

Source: FTD.aero

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Flight School Management Software Provider, Flight Schedule Pro, Appoints 2024 Chief Marketing Officer

USA – Flight Schedule Pro, a software solutions provider specializing in flight training and pilot management, has appointed Bryan Landaburu as its new Chief Marketing Officer. The announcement comes as the company, part of the Mainsail Partners portfolio, focuses on consolidating its recent acquisitions and redefining its market approach.

  • Landaburu brings significant expertise in marketing to support Flight Schedule Pro’s strategic growth initiatives.
  • Flight Schedule Pro has achieved dominant market leadership in the flight training software sector, with over 50% of flight schools and airline cadet programs utilizing its services.
  • Since its acquisition by Mainsail Partners in 2022, the company has expanded its portfolio by acquiring Coradine Aviation, LogTen Pilot Logbook, and Pilotbase.
  • Over 50,000 professional pilots currently log their flights daily using Flight Schedule Pro’s applications.
  • The organization is focused on creating a new, unified category that maximizes the potential of its combined brands, with an emphasis on maintaining pilots as the central figure in its narrative.

Statements:

  • “I am pleased to announce that I recently joined Mainsail Partners portfolio company, Flight Schedule Pro, as their Chief Marketing Officer. This is an exciting opportunity and a great fit for me,” said Bryan Landaburu. “In order for these strategic acquisitions to harmonize and realize their combined potential, we must rewrite the story and construct a new category. Staying true to the roots of our business, pilots will remain the hero of our story.”

Learn more about Flight Schedule Pro or Mr. Landaburu by connecting with him through his LinkedIn profile here.

Source: Bryan Landaburu (Flight Schedule Pro)
Photo Credit: Flight Schedule Pro

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World’s Largest ACMI Provider and Aviation Conglomerate, Avia Solutions Group, Reports Revenues up 25% to €2 Billion for 9 Months 2024

Dublin, Ireland – Dublin-based Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, which operates a 221 aircraft fleet in total, split between 183 passenger aircraft and 38 freighters, has announced its financial results for the three quarters of this 2024.

The Group’s revenues increased by 25% to €2,06 billion compared to the same period last year, while net profit also rose to €83,3 million from €70,8 million. The group’s EBITDA for the period stands at €406 million, an 29% increase compared to the same period last year.

Over the first 9 months of 2024, the main revenue-generating regions for Avia Solutions Group were Europe (55,1%) and Asia (27,9%). The Americas, Africa, Australia and Pacific Islands represented 11,8%, 2,7%, and 1,2% of revenues respectively.

Avia Solutions Group has an ongoing strategy of investing in bolstering its capacity to meet the continued strong demand from airlines globally for additional aircraft during their peak seasons. The Group completed the acquisition of Australian based Skytrans in the first half of 2024, bringing the total number of air operator certificates held by the Group to 11 and over the third quarter also established its first AOC in Thailand, Thai SmartLynx. The Group is planning to obtain further air operator certificates (AOCs) in Malaysia, Philippines and Brazil by the end of 2025.

Jonas Janukenas, CEO of Avia Solutions Group said: “Expanding into Southeast Asia and other counter cyclical markets represents a pivotal strategic direction for the group. These regions offer significant growth opportunities and enable us to optimize fleet utilization year-round. By leveraging the robust demand in these markets, particularly during Europe’s off-peak winter season, we can effectively balance seasonal variations, ensuring our aircraft remain active and profitable while supporting our global network and customer needs.”

According to Janukenas, the cargo market has proved challenging in 2024 due to overcapacity. However, the Group anticipates increasing activity in the cargo market in 2025.

To further the Group’s business development initiatives, Avia Solutions Group also successfully issued US$300 million of five-year senior unsecured bonds with a coupon of 9,75% in the first half of 2024.

Testament to investor confidence in the Group’s strategy is the increase of group equity capital by €300 million in 2024. This growth in group equity capital relates to US-based Certares Management LLC, a private equity investment firm which invested into Avia in 2021, electing to convert its preferred shares to ordinary shares.

In November, the Group placed its first direct order for 80 Boeing 737 MAX, split between 40 firm and 40 purchases rights. The deliveries will start in 2030.

Avia Solutions Group offers its services to customers including some of the largest airlines in the world. The group operates in 68 countries around the world and consists of 250+ companies providing a wide range of aviation services like aircraft maintenance and repair (MRO), pilot and crew training, ground handling, and more. The group’s team encompasses 14,000 highly qualified aviation professionals.

Source: Avia Solutions Group
Photo Credit: Avia Solutions Group

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Pilot Training Industry Supplier Feature – True Course Simulation

In this week’s AFM Pilot Training Leadership Interview Series we speak with Brett Watts  – CEO of True Course Simulations, a simulator manufacturer that specializes in virtual reality flight training.

True Course Simulation offers a simple 3-step learning process that includes a pre-flight briefing, interactive simulations, and visual demonstrations of maneuvers.

The conversation covers:

  • Company Evolution and Offerings: True Course Simulations (TCS) provides comprehensive VR-based flight training solutions that include hardware (immersive training devices), software (courseware), and data management tools. Originally focused on military contracts, the company has expanded to serve civilian flight schools globally, prioritizing innovation and efficiency in pilot training.
  • Global Expansion and Partnerships: TCS has established partnerships with flight training organizations worldwide, including recent device deployments to Nelson Aviation College (New Zealand), Embry-Riddle Asia (Singapore), and Sydney Flight College (Australia).
  • Key Trends in Pilot Training: Brett highlighted the increasing demand for efficiency due to rising costs and instructor shortages. Another trend is the growing adoption of automation and VR to supplement traditional training, reducing stress on students and instructors.
  • Impact on Training and Safety: TCS tools improve safety and efficiency by enabling students to master core skills in simulations before real-world training. This approach reduces cognitive overload and better prepares students for complex multitasking in the cockpit.
  • Mission: TCS stands out by offering an integrated system of VR labs, self-guided learning, and performance analytics. The company aims to empower students with confidence and proficiency while supporting partners in modernizing their training systems.

For more information:

You can find all of the AFM.aero Pilot Training Industry Interview Episodes here.

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