Market Intelligence: Indian Subcontinent

L3Harris Commercial Aviation Extends Cadet Pilot Program Partnership with Indian Airline

India’s largest low-cost carrier IndiGo has extended its Cadet Pilot Program agreement with L3Harris Commercial Aviation.

“We are pleased to confirm we have extended our agreement with Indigo for the Cadet Pilot Program. This extension strengthens our relationship with Indigo and reaffirms the faith the airline has on the quality of training delivered by L3Harris. Our recent intake of students are currently undertaking their ground school training and we now look forward to welcoming the next intake soon!” shared L3Harris Commercial Aviation.

AFM team note – flight training in conducted at L3 Commercial Aviation’s flight training base in Stanford, United States.

Source: L3Harris Commercial Aviation

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Flight School Management Solution Provider Flight Schedule Pro Welcomes New Chief Technology Officer

United States headquartered flight school management software solution provider Flight Schedule Pro has welcomed Ryan Townsend as its new Chief Technology Officer.

“I’m beyond excited to have the opportunity to join the Flight Schedule Pro team,” said Ryan Townsend. “As a leading technology provider in the aviation industry, our organization is uniquely positioned to support an industry facing unprecedented challenges. This climate demands not just innovative thinking, but also a nimble approach to our products and strategies. From my first interactions with our business leaders, it’s been clear that Flight Schedule Pro is more than up to the challenge! With a focused team that has already charted a clear path to success, I am confident in our ability to deliver enormous value to our customers and partners. I look forward to the challenge of building upon our strong platform, delivering innovative solutions, and realizing the full potential of our product strategy.” shared Mr Townsend.

Source: Flight Schedule Pro

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Indian Pilot Training Solution Provider Visits Partner US Flight School Phoenix East Aviation’s Campus in Florida

The Director of Delhi-based TNC Aviation recently visited Phoenix East Aviation (PEA) to check on TNC’s students doing their training at PEA’s campus in Flagler, Florida.

PEA began working with TNC Aviation in 2020 with the goal of provided our future students from India with a clear and easy path to their flight training in the United States. Upon completion of training at PEA, TNC helps students return home for conversions and possible employment opportunities.

Source: Phoenix East Aviation
Photo Credit: Phoenix East Aviation

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Middle East Vaayu Group Acquires Stake in Indian Operator

Ras Al Khaimah, United Arab Emirates aviation conglomerate Vaayu Group, which owns flight training organisations in North America, has announced the acquisition of a strategic stake in Indian air cargo operator Pradhaan Air Express.

Vaayu Group, established in 2011, has set its sights on becoming a major player in the air cargo space, and this strategic investment in Pradhaan aligns with that vision. Emad AlMonayea, Chairman and President of Vaayu, emphasized the strategic importance of this move, highlighting the numerous opportunities it presents, particularly between the Middle East and India.

Vaayu and Pradhaan Air Express already share a business relationship, with Vaayu leasing an A320-200(P2F) to Pradhaan. The recent investment is expected to further strengthen their collaboration. AlMonayea revealed that Vaayu anticipates the addition of two A320-200P2Fs in the coming year, with plans to continuously expand the fleet, adding two aircraft each year from 2024 onward.

Source: Vaayu Group
Photo Credit: Pradhaan Air Express

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FlightLogger Announces Partnership with Wingops to Consolidate Management of Key Flight School Operations

In the ever-evolving world of flight training, aircraft maintenance stands, along with flight training management, as an essential task for organisations providing flight training. Whether conducted in-house or through trusted suppliers, this core function ensures the safety, compliance, and efficiency of aviation operations.

Recognizing the critical importance of both flight training and maintenance, FlightLogger, a leading aviation training management software provider, is excited to unveil a groundbreaking partnership with Wingops, a cutting-edge aircraft maintenance system.

At its core, this partnership introduces a seamless integration between FlightLogger’s renowned training management software and Wingops‘ state-of-the-art aircraft maintenance system. The new integration offers a transformative solution for aviation training operators, simplifying and enhancing the way they manage their training and aircraft maintenance activities.

Key highlights of the FlightLogger-Wingops integration include:

  • Effortless Data Synchronization: Flight times for each aircraft are automatically updated from FlightLogger into the Wingops system, ensuring precision and timeliness in maintenance scheduling.
  • Automated Maintenance Bookings: Work orders generated in Wingops trigger automatic maintenance bookings within FlightLogger, streamlining scheduling workflows and minimizing manual tasks.

The new partnership stands as a testament to FlightLogger’s and Wingops‘ dedication to innovation and customer satisfaction. By combining FlightLogger’s expertise in training management with Wingops‘ advanced maintenance capabilities, aviation organizations can expect improved operational efficiency, enhanced compliance, and heightened safety measures.

“We are thrilled to partner with Wingops to offer this game-changing integration,” said Kenneth Jeppesen, CEOand founder of FlightLogger. “In an industry where excellence in training and maintenance is non-negotiable, our collaboration will empower our clients to optimize their operations and reduce costly downtime for aircraft maintenance.”

This new partnership underscores FlightLogger’s ongoing commitment to providing comprehensive solutions tailored to the unique needs of the aviation training industry.

About FlightLogger

FlightLogger is a leading provider of digital training management solutions for the flight training industry. The web-based software simplifies the administration and documentation of training activities, ensuring compliance, efficiency, and safety for flight training organizations worldwide.

About Wingops

Wingops is a cutting-edge aircraft CAMO and maintenance system designed to streamline maintenance operations and enhance the safety and reliability of aircraft. Their advanced solutions are trusted by aviation professionals globally.

Source: FlightLogger
Photo Credit: FlightLogger

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True Course Simulations Instals 2 VR Immersive Training Devices at India’s Pilot Training Group FSTC

United States based flight training simulation solution provider True Course Simulations (TCS) shared that its team was in India to instal two brand-new, state-of-the-art, VR Immersive Training Devices (ITDs) at the flight training centers of FSTC.

“The new ITDs will be used to teach ab initio students fundamental stick and rudder skills and prepare them better for actual flight lessons in the air. True Course Simulations. Bridging the gap between the book and aircraft since 2011. Our ITDs already have a proven track record in increasing the efficiency of pilot flight training and reducing the hours required for gaining pilot licenses at major (Flight Training Organizations) FTOs such as the United States Air Force Academy, Embry-Riddle Aeronautical University and Massey University School of Aviation etc.” shared TCS.

True Course Simulations designs and manufactures VR Immersive Training Devices (ITDs) and educational courseware solutions. Its range of  ITDs includes Cessna Aircraft Company C172 (Garmin G100 and round dial) and Diamond Aircraft DA40 (G1000).

FSTC is an Indian aviation training group operating both flight schools and full flight simulator training centers.

Source: True Course Simulation
Photo credit: True Course Simulation

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L3Harris Technologies Announces Definitive Agreement to Sell Commercial Aviation Solutions Business for $800 Million

Melbourne, Florida, Nov. 27, 2023 — L3Harris Technologies today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris’ Commercial Aviation Solutions (CAS) business for $800 million. The acquisition includes a $700 million cash purchase price and $100 million earnout based on the achievement of certain 2023 and 2024 financial performance targets, which together represent an approximate 15x LTM 9/30 EBITDA purchase multiple. The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions and regulatory approvals.

“Today’s announcement is consistent with our multi-year strategy to optimize our national security, technology-focused portfolio,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “Aligned with our capital allocation priorities, we plan to use the proceeds from this transaction to repay debt, which will accelerate our timeline to reach our debt leverage objective.”

The CAS transaction includes the sale of L3Harris’ surveillance joint venture and is subject to a right of first refusal; if exercised, an affiliate of TJC L.P. will acquire the rest of CAS.

L3Harris’ CAS business employs approximately 1,450 people and offers pilot training, flight data analytics, avionics, and advanced air mobility products and services, among other capabilities.

Morgan Stanley & Co. LLC and Moelis & Company are serving as financial advisors to L3Harris, and Sullivan & Cromwell LLP is serving as legal advisor. J.P. Morgan Securities LLC is acting as financial advisor, and Kirkland & Ellis LLP is serving as legal counsel for TJC L.P.

About L3Harris Technologies
L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our nearly 50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security.

About TJC
TJC L.P. (formerly known as The Jordan Company), founded in 1982, is a middle-market private equity firm that has raised funds with original capital commitments in excess of $22 billion and has a 41-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Diversified Industrials; Technology, Telecom & Power; Logistics & Supply Chain and Consumer & Healthcare. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. TJC has offices in New York, Miami, Chicago and Stamford.

Source: L3Harris
Photo Credit: L3Harris (shown as meta image)

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Indian High Court Seeks Government’s Response to a Petition Seeking to Enforce Adherence to Flight Instructor Work-Rest Regulations

The Indian Delhi High Court has requested a response from the central government regarding a plea for the proper implementation of work-rest regulations for flight training instructors. The petitioner, Harsh Vardhan Pratap Singh, the owner of Falcon Aviation Academy, is seeking the application of the “duty period” rule, defined in pilot regulations, across all flying training organizations. Singh emphasized that enforcing this rule would prevent accidents caused by fatigued instructors. Despite incidents and fatalities, the Directorate General of Civil Aviation (DGCA) has allegedly neglected the obligation to adhere to flight instructors’ “duty period” requirements, according to the petition. Singh is urging the court to issue a writ directing the DGCA to ensure FTOs comply with pilots’ work-rest standards, as stipulated in the Aircraft Rules, 1937.

Source: Falcon Aviation Academy

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