Market Intelligence: -General Aviation

Epic Aviation, US Flight School Investing Another US4 Million into Aircraft Maintenance Training Expansion

Florida, United States headquartered Epic Aviation (Epic Flight Academy) has shared that the Cincinnati/Northern Kentucky International Airport (CVG) board has approved a 30-year lease contract with Epic Aviation for a new aviation maintenance training facility that will train a pipeline of qualified aircraft maintenance technicians. The contract has the option to extend to 10 years, twice. Epic Aviation is working with FEAM AERO, the largest leading provider of aircraft line maintenance services in the United States, in the establishment of the new facility which will stand on a 4-acre land.

Epic Aviation will invest $4 million into the new facility and rapidly grows its presence in the US following its expansion into aircraft maintenance training in 2019/2020.

Source: Epic Aviation
Photo Credit: Epic Flight Academy

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CAE Australia Partners with Australian University to Deliver New Scholarship

CAE Australia, in partnership with Engineering and Computer Science – University of Sydney, is set to deliver the CAE Aboriginal and Torres Strait Islander Engineering Scholarship.

“CAE is investing in building a future that enhances safety, and mission readiness, and is inclusive for our nation. There is no better investment we can make than in the education of our people, the custodians of this future.” says Matthew Sibree, CAE Managing Director, Indo Pacific.

“CAE is proud to play this critical role in helping Indigenous talent achieve their aspirations and build a better tomorrow for all of us. We will continue to seek new opportunities to help support our First Nations people, and in building a more inclusive future.”

Source: CAE Australia Announcement
Photo Credit: CAE

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United States Air Force Institute of Technology Graduates First Class of Pilot Training Pipeline Students

The Unites States Air Force Institute of Technology’s Graduate School of Engineering and Management held a commencement ceremony on Sept. 15 to celebrate 103 new graduates. The graduates join a group of more than 22,000 AFIT alumni.

Of the 103 degrees awarded, the Graduate School conferred 79 master’s degrees and 24 doctorate degrees in science, technology, engineering and math fields. Additionally, five master’s students and three doctoral alumni who graduated earlier in the academic year returned to participate in the ceremony.

The graduating class included 84 Air Force officers, two Space Force officers, two Army officers, one Marine Corps officer, one Air National Guard officer and nine civilians. Four international students from Saudi Arabia and Singapore also received degrees.

Participating in the ceremony was the first class of students to complete an in-residence, non-thesis master’s degree program option for officers in the USAF pilot training pipeline. The 12-month program allowed the 60 officers to earn an advanced degree instead of remaining in casual status until their undergraduate pilot training start date.

“You have wisely used this waiting period to expand your knowledge, and I know you will be better pilots and better officers because of your studies here at AFIT,” said Dr. Walter Jones, AFIT director and chancellor.

The graduation speaker for the ceremony was Dr. Vincent Russo, retired member of the Senior Executive Service, whose 41-year Air Force career culminated as the executive director of the Aeronautical Systems Center, the predecessor of the Air Force Lifecycle Management Center.  He also served as the director of the Air Force Research Laboratory’s Materials and Manufacturing Directorate and led the formation of AFRL from four separate laboratories into one. Russo earned a master’s degree in materials engineering from AFIT in 1964 and received the AFIT Distinguished Alumni Award in 2006.

“Of all my education experiences, I believe AFIT most instilled in me the tools to be successful,” said Russo.  “The academic knowledge you have gained while here at AFIT is invaluable, but so are the other skills associated with receiving an advanced degree. Skills such as discipline, inquisitiveness, and collaboration. These and other soft skills will be vital to your progress throughout your career.”

Russo discussed four life lessons with the graduating class: 1) Things will happen to you that you can’t control, but make the best of what you were given. 2) A strong education base will help you in ways you can’t predict. 3) Leadership is an art that can be learned, it just takes study, hard work and a commitment to learning. 4) Pay it forward by using your technical interest and expertise to help develop our nation’s next generation of STEM workforce.

“Fifty-eight years, three months and five days. That’s the time it took me to go from your seats to this stage, and those years went by way, way too fast,” Russo told the students.  “Graduates, I hope you enjoy your next 58 years, three months and five days as much as I have enjoyed mine.”

Source: Air Force Institute of Technology | Katie Scott
Photo Credit: Air Force Institute of Technology

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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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