Market Intelligence: -General Aviation

European Flight Academy Shares Thoughts on the Impact of Rising Fuel Price on Aviation

Spain based World Aviation Flight Academy has shared its thoughts on the impact of rising fuel price on aviation. Check out their article below:

“After two years of slowdown in our sector, caused by the COVID crisis, we have had a summer of significant recovery and a remarkable awakening in the demand for travel within the airline industry.

However, just as we were turning the page on the latest impact of the Omicron variant, the Russian invasion of Ukraine shocked the world. The immediate consequence of this fact was a sharp rise in fuel prices.

The volatility of the markets regarding the price of a barrel of oil makes it really complicated for the airlines to foresee the 18-month hedges they usually use and manage. This is even harder for European airlines due to the euro weakness against the dollar. Prior to the Ukrainian conflict, the price of fuel meant the 27% of airlines’ total costs, paying $80 per barrel of oil. During this period of uncertainty, the price of fuel has reached almost $120, causing an unprecedented challenge.

The fear of new unforeseen events leads travelers to make their reservations in the short term. This affects demand what makes it very difficult for the airlines to forecast their future incomes. Therefore, it still remains to be seen how many airlines are able to assume this additional cost generated by the increase of fuel prices without raising tickets fees, which would have a directly proportional impact on the demand for travel.

However, due to the high demand and future need for pilots in the industry, aviation schools are adjusting prices in order to offer training programs that boost the industry and, thus, attract future pilots. At the same time, mitigating measures are being implemented to help absorb the impact of soaring fuel costs, such as investing in more efficient, state-of-the-art aircrafts that optimize resources. All this contributes to create highly competitive training centers with great quality training.”

Source: World Aviation Flight Academy Blog

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Portuguese Flight School, IFA, Announces University Partnership

Atlântica – Instituto Universitário announced its latest partnership with International Flight Academy (IFA) to further the Portuguese aviation sector, by offering specifically designed programs to students, under attractive conditions. Atlântica is proud to be the single university in Portugal with BSc, MSc and PhD degrees programs devoted to civil aviation/aeronautics.

Source: Miguel Moreira, PhD of Atlântica – Instituto Universitário via LinkedIn
Photo Credit: International Flight Academy

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US High School Awards Flight Training Scholarship to Seven Students

Cumberland County High School awarded flight training scholarships to seven students that will cover flight training costs until they obtain their Commercial Pilot Licenses. Approximately $15,000 is allotted to each scholar. This marks the third round of scholarships granted by the Tennessee Department of Education through the Innovative High School Models Grant. An estimated $974,100 was rewarded to Cumberland County Schools. 

“Our goal initially was to license 45 students. We’re not sure if we’re going to hit that mark because it’s a growing process,” said Scott Maddox, the school system’s director of Career and Technical Education.

Also, the school partners with Azure Flight Support who will provide career path to students who do not have enough funds to cover pilot training costs.

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APS Joins Worldwide Leader in Aviation Insurance Solutions to Enhance Pilot Safety with UPRT

Starr Aviation, a worldwide leader in aviation insurance solutions, has selected APS Upset Prevention and Recovery Training (UPRT) as part of its comprehensive Starr Safety Partnership program. The new program, announced at NBAA-BACE, presents a multi-faceted approach to effectively bolster pilot safety and reduce risk by offering significant discounts to pilots and companies choosing to take advantage of leading training and safety-enhancing opportunities offered by the included partners. UPRT is crucial for pilots to mitigate their number one fatal threat to air safety, Loss of Control In-flight (LOC-I).

“UPRT is a critical tool pilots and flight departments should be using to mitigate aviation’s most significant fatal threat globally,” said Kyle Sparks, Starr Aviation senior vice president and chief underwriter. “We feel confident that comprehensive UPRT provided by APS reduces accident risk and provides pilots advanced skills and proficiency that will benefit them throughout their careers.”

“APS is honored to partner with Starr Aviation as industry safety champions to comprehensively contain the constantly changing risk environment,” said Paul BJ Ransbury, Chief Executive Officer at APS. “UPRT as implemented by APS ingrains pilots with knowledge, insights, and competencies applicable to their day-to-day operations to improve aeronautical decision making and enhance safety margin awareness across both automated and manual flight operations.”

About Aviation Performance Solutions

At APS, They Help Pilots Bring Everyone Home Safely. Their proven Upset Prevention and Recovery Training (UPRT) system—delivered by elitely trained and qualified UPRT instructors in the industry—overcomes the #1 Fatal Threat of Loss of Control In-flight (LOC-I) and has saved 100s of lives. Our world class facilities are dedicated to optimizing the learning experience: APS provides transformational training customized to the needs of professional pilots. Perfected for over 25 years, their solutions for every fixed wing pilot maximize skills and abilities to bring everyone home safely…on every flight.

About Starr Insurance Companies

Starr Insurance Companies (or Starr) is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on six continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, China, Hong Kong, Singapore, U.K. and Malta each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong). 

Source: APS Press Release

Photo Credit: APS

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Epic Flight Academy’s COO and Director of the Aircraft Mechanic Program Awarded NBAA Award in Maintenance

The United States National Business Aviation Association (NBAA) has recognized Epic Flight Academy’s Chief Operating Officer and Director of the Aircraft Mechanic Program Josh Rawlins as the 2022 Business Aviation Top 40 Under 40 Award Recipient in the Maintenance Category.

Rawlins began his career in aviation at the age of 19 at Epic Flight Academy. He started by sweeping hangars and soon began an apprenticeship as an aircraft mechanic. He became an A&P mechanic and earned his inspection authorization. Rawlins soon became lead mechanic before being promoted to Director of Maintenance. He ultimately became a VP at the company and in 2015 was promoted to Chief Operating Officer.

For the next several years, he worked to establish an FAA Part 147 school at Epic, which launched just as the pandemic was disrupting the world. Nevertheless, Rawlins, persevered, and the aircraft mechanic program he directs is now thriving.

“We have graduated 12 students from our 19-month program so far,” Rawlins said. “There are currently 59 students enrolled. We start new classes three times per year, offering General Aviation, Airframe, and Powerplant.”

Epic founder and CEO Danny Perna said, “We are truly grateful to the NBAA for recognizing Josh’s efforts in the field of aviation maintenance. He is the kind of person that gives 100% in all endeavors. We are all incredibly proud of him. He is generous with his time and knowledge, and our students benefit from his expertise every day here at Epic. This award is well deserved.”

Epic Flight Academy was established in 1999 with locations in New Smyrna Beach and Ocala, Florida. The NBAA was founded in 1947 and is based in Washington D.C.

Source: Epic Flight Academy Press Release

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