Market Intelligence: South East Asia

Flight Simulation Solution Provider True Course Simulations Installs its First VR Immerse Training Devices in Singapore

United States based flight training simulation solution provider True Course Simulations Team is in Singapore this week to install the region’s first VR Immerse Training Devices at Embry-Riddle Aeronautical University (ERAU) Asia, part of Embry-Riddle Worldwide College of Aviation.

The project has been a collaborative effort, with True Course Simulations working closely with Matthew Flaherty, Vice Chancellor, Embry-Riddle Aeronautical University – Asia and Pablo Alvarez, Associate Vice-Chancellor of Campus Operations at Embry-Riddle Aeronautical University, Asia. Their shared vision aims to provide ERAU Asia students with a diverse and well-rounded aviation education, enhancing their training with cutting-edge virtual reality technology.

Source: True Course Simulations

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Philippines-based Aviation Training Group AAG and University Sign MOA for Third Year of Aeronautical Engineering Training Collaboration

Philippines based AAG International Center for Aviation Training-Maintenance Training Centre (AICAT-MTC), the aircraft maintenance division of aviation and pilot training group Alpha Aviation Group, and Holy Angel University (HAU) have signed a Memorandum of Agreement (MOA) to continue their collaboration on the Aeronautical Engineering Supplemental Proficiency Program (SPP). This marks the third year of partnership between the two institutions, a collaboration dedicated to elevating aviation training to new heights.

Source: AAG
Photo Credit: AAG

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FMS Training Solution Provider Heading365 Announces New Partnership with NextGen Pilot

Heading365, a specialist in custom Flight Management System (FMS) training solutions, announced its partnership with NexGen Pilot for the Asian market. NEXTGEN PILOT is a Kuala Lumpur, Malaysia based provider of VR-based and computer-based training programs for the aviation industry.

“We have welcomed NextGen Pilot, a company specialized in bundling innovative training content providers, as our newest client. It was a natural fit for them to integrate our software solution into their portfolio. Our app offers 24/7 offline availability, a global database, and a multitude of features that make autonomous learning seamless. This partnership perfectly aligns with the needs and demands of NextGen Pilot, and we are excited to support their mission in delivering top-notch remote learning experiences.” shared Heading365.

Source: Heading365

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World’s Largest ACMI Provider and Aviation Conglomerate Avia Solutions Group Reports Euro 1.2 Billion in Revenue for H1 2024

Avia Solutions Group, the world’s largest ACMI provider (Aircraft, Crew, Maintenance, and Insurance) services and owner of global pilot training group BAA Training, announced that in its first half results of 2024 it reported a 34% growth in EBITDA year-on-year to €179 million.

Over the first half of 2024, European customers accounted for 55.1% of revenues, while Asia accounted for 27.9%. The Americas, Africa, Australia and Pacific Islands represented 11.8%, 2.7%, and 1.2%, of revenues respectively.

Driving this increase in revenues, and a 44% increase in net profit for the second quarter of 2024 compared to the second quarter of 2023, was the implementation of Avia Solutions Group’s ongoing strategy of investing in bolstering its capacity in a timely manner to meet the continued strong demand from airlines globally for additional aircraft during their peak seasons.

The Avia Solutions Group has ongoing plans to further expand its global presence and ability to offer capacity solutions, particularly during peak seasons, to airlines around the world. The Group is planning to obtain further air operator certificates (AOCs) in Malaysia, Thailand, Philippines and Brazil in the near future.

As part of this strategy, the Group completed the acquisition of Australian based Skytrans in the first half of 2024. The obtained AOC brings the total number of air operator certificates held by the group to 11.

“Our performance over the first half of 2024 underscores our strong market position and ability to meet the rising demand for passenger aircraft. Our 44% growth in net profit for the second quarter is a testament to our team’s dedication and the trust our airline partners place in us, particularly during the peak holiday season in counter seasonal markets. We remain committed to driving further growth and delivering value to our stakeholders.” Jonas Janukenas, CEO of Avia Solutions Group, said. “As such, we will continue to expand our worldwide services operations, fleet capacity and capabilities to continue delivering exceptional services across passenger and cargo operations to customers.”

Testament to investor confidence in the Group’s strategy is the increase of group equity capital by €307 million to €655 million over the first half of 2024. Part of this growth in group equity capital included 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.

To further the Group’s business development initiatives, Avia Solutions Group also successfully issued US$300 million of five-year senior unsecured bonds with coupon of 9.75% in the first half of 2024.

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 100+ 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 12,000 highly qualified aviation professionals.

Source: Avia Solutions Group

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Flight Training Management Software Provider FlightLogger Announces 2024 Leadership Appointments

FlightLogger, a leading provider of flight school management software solutions, has shared changes in its leadership team:

  • Founder Kenneth Jeppesen will transition from the role of CEO into the new role of President
  • Head of Sales and Marketing Mads D Larsen will transition into the role of CEO from August 2024
  • Stig Salling has joined Flightlogger as the new Head of Sales and Marketing

“As I transition into my new role as President, I’ll be focusing on the vision and future development of FlightLogger, ensuring we continue to innovate and lead in aviation training management. I’m also excited to announce that Mads D. Larsen will be stepping into the role of CEO. Mads has been a key part of the FlightLogger team for the past four years, leading our commercial efforts with excellence. I have full confidence in our team, which today is bigger than ever and a perfect combination of passionate aviators, skilled developers, and business professionals. I have no doubt, that under Mads’ leadership, FlightLogger will continue to grow and revolutionize the digital platform for flight schools worldwide.” shared Flightlogger’s President, Kenneth Jeppesen.

“I’m truly honoured to step into the role of CEO at FlightLogger. Huge thanks to Kenneth Jeppesen, Paul Yancich, Daniel Eisen, and the Arcadea Group team for trusting me with this amazing opportunity. I’m excited to carry forward Kenneth’s vision and, together with this amazing team, keep growing the incredible company he’s built. As Kenneth says himself, he continues to be a very active part of this company in his new role as President. FlightLogger is in a really exciting place right now. I honestly couldn’t imagine a more exciting challenge than this one, and I can’t wait to see what we achieve next. I also want to take this opportunity to welcome Stig Salling as our new Head of Sales & Marketing. Stig is yet another example of how we keep strengthening our organisation in our continued ambition to offer the best SaaS solution for managing aviation training.” shared CEO Mads D Larsen.

Source: Flightlogger

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