Market Intelligence: Indian Subcontinent

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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Pakistan Based Airline Partners with UAE Based Aviation and Pilot Training Group T3 Aviation Academy

Fly Jinnah, Pakistan’s leading low-cost airline, has proudly partnered with Sharjah, United Arab Emirates based aviation and pilot training group T3 Aviation Academy to induct its first batch of future Pakistani pilots. This milestone marks the beginning of an ambitious journey to cultivate and develop local aviation talent in Pakistan.

The initial training phase for these CPL holders commenced on June 20, 2024, at the T3 Academy facility. After completing this foundational training, the group will advance to aircraft base training and line training with Fly Jinnah. This comprehensive program will equip them with the skills and knowledge necessary to meet the highest international standards.

This collaboration was made possible with the invaluable support of the Pakistan Civil Aviation Authority and reflects the commitment to fostering local talent. The initiative aims to develop a new generation of pilots who will contribute significantly to the growth and success of Pakistan’s aviation industry.

Fly Jinnah spokesperson commented: “This collaboration with T3 Aviation Academy highlights our commitment to investing in Pakistan’s aviation future and providing world-class training to our aspiring pilots. We extend our gratitude to the Pakistan Civil Aviation Authority for their support in enabling this initiative. We are confident that this program will produce highly skilled pilots who will uphold the highest standards of safety and professionalism.”

T3 Aviation Academy, renowned for its comprehensive pilot training programs, brings a wealth of expertise and a proven track record in developing top-tier aviation professionals. By joining forces with Fly Jinnah, they are set to deliver an unparalleled training experience that combines theoretical knowledge with practical, hands-on learning.

Source: Fly Jinnah
Photo Credit: T3 Aviation Academy (shown as meta image)

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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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AeroGuard Flight Training Center CEO Visits with Air India Cadet Pilots in July 2024

Phoenix, United States headquartered global flight training group AeroGuard Flight Training Center, which operates a number of flight training bases in the United States, announced in 2024 its selection by Air India as the flag carrier’s preferred flight training provider. AeroGuard’s CEO, Joel Davidson and Chief Marketing Officer, James Constable, visited the Air India Training Academy in Gurugram, India in July to meet and spend time with the cadets.

AeroGuard places significant importance on cultivating an airline aligned pilot training culture and ensuring that the cadets are prepared to train within industry leading safety and quality flight training operations.

The Air India cadet pilot program individuals start their training journey at the Air India Training Academy for their Ground School phase and gain exposure to the airlines culture. After completing their ground school training and exams in India, the cadets will come to AeroGuard’s Phoenix, Arizona base in the United States to conduct their flight training and establish the skills required for their professional pilot careers with Air India.

AeroGuard’s frequent meetings with cadets from airline partners signifies its commitment to fostering excellence in pilot training and establishing a foundation of trust and collaboration between AeroGuard, the airline partner, and the airline’s future pilots.

About AeroGuard Flight Training Center
AeroGuard Flight Training Center is a global leader in ab initio flight training with three U.S. campuses that offer accelerated commercial pilot training programs to candidates from all over the world. With a commitment to safety and student success, AeroGuard’s high quality training has established airline-ready cadets for over 20 years with more than one million flight hours of training experience and graduating over 7,000 cadets.

Source: AeroGuard Flight Training Center

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Indian Flight Training Group Chimes Aviation Academy Opens Applications for DGCA CPL Ground Classes

Chimes Aviation Academy (CAA), which operates two flight training bases in India, has announced the induction of Batch 1 for its DGCA CPL Ground Classes course offering. Applications for this exciting opportunity will open on 27 July 2024 and close in August 2024.

Highlights:

  • All DGCA subjects, including Radio Telephony
  • Competitive Pricing
  • 6-month course
  • Computer Number is a must
  • No Flying with CAA included

Source: Chimes Aviation Academy
Photo Credit: Chimes Aviation Academy

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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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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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