Market Intelligence: -Suppliers
VR/MR Flight Simulation Headset Developer Vrgineers Successfully Closes 6 Million USD Series A Investment
Vrgineers is thrilled to announce that it has secured an impressive investment of 6 million dollars, led by Taiwania Capital. This investment is a testament to Vrgineers’ vision and shared commitment to driving transformative change within the technological industry. Vrgineers is proud to be the first company in the Czech Republic to receive investment from Taiwania Capital. What’s more, their current investors, have also participated in this round, with Nation 1 increasing its share by 0.5 million USD. Vrgineers is excited to continue pushing boundaries and making a positive impact in the industry with the support of their investors.
Mitch Yang, Managing Partner of CEE Fund at Taiwania Capital: “We are impressed by how Vrgineers integrated the most advanced VR/MR headsets with cutting-edge flight simulation software to deliver uniquely positioned pilot training simulators. The Vrgineers’ systems offer a fully immersive training experience with improved quality that is also very cost-effective. Although its first application is for aviation, the company’s technology could be used in industries where training for heavy equipment operation is essential. This is our first investment in the Czech Republic. We look forward to working closely with Vrgineers and to connect them with Taiwan’s aerospace industry as they enter the phase of rapid growth.”
Marek Polcak, Vrgineers CEO: “We are proud and feel honored that Taiwania has chosen to invest strategically in our company. This investment is not just about the necessary funds to boost our activities and products, but it also brings a great deal of overlap. This strategic investment has connected us with the leaders in the electronics development and manufacturing industry. With this connection, we can now improve our technology to the highest level possible.”
Marek Moravec, Nation 1 Managing Partner: “We have a strong belief in the success of Vrgineers and all the other companies in our portfolio. We are fully committed to supporting them in their growth and providing the necessary resources for their success. Our goal is to help these companies achieve their full potential and make a positive impact in their respective industries.“
With the newly acquired investment, Vrgineers plans to expand its product portfolio with the announcement of a new version of the XTAL headset later this year and secure growth in new markets. Their team is dedicated to achieving our full potential and making a positive impact in our industry.
Source: Vrgineers
Photo Credit: Vrgineers (shown as meta image)
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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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Boutique French Pilot Training Academy Acquires an ALSIM AL250 Training Simulator
Popular flight simulator manufacturer ALSIM is thrilled to announce that Sky Academy, based in Colmar, France, has recently made a significant investment in an ALSIM AL250 simulator.
The AL250 simulator addresses initial phase training needs (PPL,CPL,IR/ME) and is SEP/MEP re-configurable simulator certified as an EASA FNPT II. In addition, it offers both classic and glass cockpit for each flight model at the simple flick of a switch. This device has been extremely well received since its creation and more than 100 of these have already been installed and are in successful operation worldwide.
Thibault Kochersperger, Deputy Director and Compliance Manager at Sky Academy, shared insights into his decision: “The AL250 is the ideal generic simulator for our diverse training programs. ALSIM is a renowned leader in this field, and we approached this investment with the highest confidence. The support we received throughout the process was exceptional, and the installation was fast and faultless. Certification proceeded seamlessly, with ALSIM’s expertise being highly recognized by the authorities.”
Audrey Jeffroy, ALSIM Sales Director, expressed her excitement: “We are delighted to welcome Sky Academy into our client portfolio. We hope this marks the beginning of a long and fruitful partnership between Sky Academy and ALSIM.”
About Sky Academy
Sky Academy, founded 12 years ago by aviation enthusiasts Marije Vermeulen and Dirk Evers, has established itself as a boutique aviation school dedicated to imparting their passion with excellence. As an EASA-approved independent flight school, Sky Academy offers a wide array of training programs tailored for individuals, professional pilots, and business partners, including schools and commercial entities.
About ALSIM
ALSIM has been developing and manufacturing FAA & EASA certified FNPT II, FNPT II MCC and AATD flight simulators since 1994. Alsim is well recognized for its know-how, based on 25 years of experience. We’re proud to say our hardware & software is made 100% in house, which means peace of mind for our customers. Alsim’s main objective relies on innovation: we aim to anticipate our client’s needs and remain at the cutting edge of technology.
Source: ALSIM
Photo Credit: ALSIM
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FlightSafety International to Build New Airbus A350 Full Flight Simulator for Major US Airline
FlightSafety International has been awarded a contract from Delta Air Lines for the design, development, and manufacture of a new full flight simulator (FFS) for the Airbus A350 aircraft. The state-of-the-art simulator is scheduled for delivery to Delta’s training center located in Atlanta, Georgia, during the fourth quarter of 2024.
The A350 simulator will introduce new technologies that improve operational and maintenance capabilities and enhances the overall training experience.
“This agreement with Delta Air Lines represents a significant milestone in our dedication to providing the highest quality training environments and safety standards,” said Nathan Speiser, FlightSafety Executive Vice President of Sales and Marketing. “We are confident that the A350 full flight simulator will empower Delta to continue developing the most prepared pilots.”
About FlightSafety International
FlightSafety International is the world’s premier professional aviation training company and supplier of flight simulators, visual systems and displays to commercial, government and military organizations. The company provides training for pilots, technicians and other aviation professionals from 167 countries and independent territories. FlightSafety operates the world’s largest fleet of advanced full-flight simulators at Learning Centers and training locations in the United States, Canada, France and the United Kingdom.
Source: FlightSafety International
Photo Credit: FlightSafety International
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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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Airbus Cooperates with Lufthansa Aviation Training Launching Innovative Virtual-Reality System for Pilot Training
At the Federal Government’s Digital Summit in Jena on November 20th and 21st, Lufthansa Group and Airbus presented a new digital training option for pilots. With the help of VR glasses and a laptop, the so-called “Virtual Procedure Trainer” offers an authentic view of an aircraft cockpit in 3D. By this means, standard operating procedures, which are practiced in a simulator so far, can be trained effectively and more sustainably. The lifelike realization, furthermore, helps to prepare for later phases in the training program. The training content can be repeated as often as the individual needs of the pilots require.
Several politicians will seize the opportunity to find out more about VR cockpit training at the joint exhibition stand of Lufthansa Group and Airbus. It is expected that, among others, Dr. Volker Wissing, Federal Minister for Digital and Transport, Stefan Schnorr, State Secretary at the Federal Ministry for Digital and Transport, Dr. Franziska Brantner, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Climate Action, and Daniela Kluckert, Parliamentary State Secretary to the Federal Minister for Digital and Transport, will visit the stand.
Matthias Spohr, CEO Lufthansa Aviation Training:” The Federal Government’s Digital Summit is the perfect opportunity to present these new training options for pilots. As a launching partner of the virtual cockpit and together with Airbus, we bring digital progress to life. In this way, Lufthansa Aviation Training is setting new standards for training concepts in terms of quality and innovation.”
Fabrice Hamel, VP of Airbus Flight Operations & Training: “We look back with satisfaction on our cooperation with Lufthansa Aviation Training and are very happy with the positive feedback we are getting. The Virtual Procedure Trainer conveys complex training content in a vivid way and can be put to use without any restrictions in terms of time and place. In this way, it provides optimal support to pilots in preparing and expanding on their training content, thus making it an indispensable tool for increasing competence and safety in air traffic.”
With the VR glasses it is currently possible to simulate the cockpit of the A320 family, one of the most popular passenger planes for the short and medium ranges. In future, the software will be able to render further types of aircraft, such as the A330 and A350 long-haul aircraft. Depending on the further development of the hardware, it is expected that the system can be used flexibly at different locations. The software can be used with VR equipment and by way of supplementation also via an iPad app.
The first two VR set-ups have been successfully installed in Frankfurt and Vienna. As part of a test phase examining user acceptance and software and hardware potential, the extent is being investigated to which the VR solution can be integrated into the Lufthansa Group training environment in the best way possible. LAT, the Lufthansa Group airlines, and Airbus collaborate closely in the further development of the software. The goal is an integration in the type rating course for all pilots of the supported aircraft types.
About Lufthansa Aviation Training
Lufthansa Aviation Training GmbH (LAT) is one of the leading companies in the field of flight training with its competence in the training and further education of cockpit and cabin personnel at ten training locations. The company employs around 800 people at different training locations. The registered office is at Munich Airport. The customer portfolio includes over 250 nationally and internationally renowned airlines, including the Lufthansa Group airlines. Lufthansa Aviation Training has almost 200 training devices within its training fleet, including aircraft for pilot training, flight simulators of all common aircraft types for pilot training and emergency and service mock-ups for the training of flight attendants. Under the European Flight Academy (EFA) brand, Lufthansa Aviation Training bundles all Lufthansa Group flight schools.
Source: Lufthansa Aviation Training
Photo Credit: Lufthansa Aviation Training
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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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One of the US Largest Pilot Training Groups Adds Brand New Flight Simulator Manufactured by Flightdeck Solutions
ATP Jets, a United States based Part 142 pilot training organisation based in Dallas Fort Worth International Airport, added another brand new A320 flight simulator manufactured by Flightdeck Solutions, Ltd. This is fourth simulator of the same type taken by the training center this year alone according to J. Shane Kelley, Vice President at ATP Jets.
Source: Flightdeck Solutions
Photo Credit: Flightdeck Solutions