Flexjet’s Ricci Creates Two Endowments at Embry-Riddle

Pilot Error and Training Deficiencies Behind TransAsia Flight 235 Crash in Taiwan The tragic crash of TransAsia Flight 235 on February 4, 2015, stands as a somber milestone in modern civil aviation, underscoring the catastrophic impact of human error compounded by systemic shortcomings. The ATR 72-600 aircraft, carrying 53 passengers and five crew members, crashed into the Keelung River shortly after departing Taipei’s Songshan Airport, resulting in 43 fatalities. The incident gained global attention, particularly after dramatic footage emerged showing the plane clipping a taxi on Huandong Boulevard moments before plunging into the river. This event triggered intense scrutiny of airline safety protocols and pilot training standards. The Flight and the Fatal Error Flight 235 was operating a routine short-haul route to Quemoy Island. Onboard were Captain Liao Chien-tsung, co-pilot Liu Tze-chung, and a third pilot undergoing training. Mere seconds after takeoff, the aircraft’s Automatic Takeoff Power Control System (ATPCS) malfunctioned, causing the right engine to lose power and triggering an “Engine 2 flameout” warning. Despite the co-pilot’s repeated alerts and established aviation procedures, Captain Liao mistakenly shut down the left engine—the only engine still operational. With both engines disabled, the aircraft rapidly lost lift and entered an aerodynamic stall. Cockpit voice recordings revealed the escalating confusion and alarm as the crew struggled to diagnose the problem amid multiple warnings. Although the co-pilot confirmed the shutdown of engine 2, Captain Liao continued to reduce power on engine 1. The co-pilot’s urgent calls to increase thrust came too late to prevent disaster. Attempts to restart the engines failed, and the plane crashed shortly thereafter. The final cockpit recording captured the captain’s grim admission: “I pulled the lever the wrong way.” Investigations Reveal Systemic Failures Subsequent investigations exposed a series of failures extending beyond the immediate cockpit error. The ATPCS was found to have internal cracks that produced erroneous readings, contributing to the initial engine flameout warning. However, the focus quickly shifted to TransAsia Airways’ training and oversight practices. Captain Liao had a documented history of failing multiple qualification tests and demonstrated difficulty managing emergency situations. Despite these concerns, he was promoted to command the ATR 72-600. Official reports highlighted significant deficiencies in the airline’s selection and training processes, particularly in Crew Resource Management (CRM)—the critical teamwork and communication protocols designed to manage high-stress scenarios effectively. The crash prompted urgent calls within the aviation industry for more stringent training standards and enhanced regulatory oversight. The repercussions extended beyond TransAsia Airways, as investors and regulators intensified their examination of airline safety protocols worldwide. Competing carriers responded by strengthening their safety training programs and operational guidelines to mitigate the risk of similar incidents. The complex interplay between pilot error and technical malfunction in aviation disasters was further emphasized by ongoing legal battles involving manufacturers such as Boeing, underscoring the necessity for comprehensive safety reforms. The legacy of Flight 235 remains a stark reminder of the devastating consequences that can arise from lapses in training, decision-making, and system reliability, prompting lasting changes in industry practices and public confidence.

DGCA Launches Centralized Software for Real-Time Flight Data Monitoring Advancing Aviation Safety Through Centralized Oversight The Directorate General of Civil Aviation (DGCA) is preparing to introduce a centralized software platform designed to monitor all aircraft in real time, representing a significant advancement in India’s aviation safety framework. This system, currently under development, will enable the DGCA to collect flight data directly from airlines and original equipment manufacturers (OEMs) through onboard software, facilitating comprehensive oversight of aircraft operations from departure to arrival. DGCA Director General Faiz Ahmed Kidwai, during his recent visit to Nagpur, underscored the importance of this initiative as part of enhanced surveillance efforts. He explained that while aircraft continuously transmit extensive operational data, this information traditionally reaches only airlines or OEMs. The new centralized system aims to consolidate this data flow into a single platform, ensuring seamless and immediate access for regulatory authorities. Tata Consultancy Services (TCS) has been appointed to develop the software, with completion anticipated within three to four months. Once operational, the platform will grant the DGCA direct, real-time access to critical flight parameters, significantly improving its capacity to identify and respond to safety issues promptly. Challenges and Industry Response The integration of this new system with existing airline and OEM infrastructures presents considerable challenges. Ensuring data accuracy, maintaining continuous real-time updates, and addressing resistance from stakeholders accustomed to legacy processes are among the primary obstacles. Initial reactions from airlines and other aviation stakeholders have been mixed, with skepticism particularly focused on data sharing protocols and the operational adjustments required. Nevertheless, industry experts expect a gradual shift toward acceptance as the benefits of enhanced monitoring and improved safety oversight become increasingly apparent. The introduction of centralized monitoring is also likely to influence competitive dynamics within the aviation sector. Some operators may adopt similar technologies to enhance their own data monitoring capabilities, while others might lobby against regulatory changes that favor centralized oversight. Regardless, this move is poised to establish a new benchmark for aviation safety standards across the region. Strengthening Domestic Maintenance and Operational Efficiency In parallel with the software initiative, the DGCA is intensifying its scrutiny of aircraft spares held by airlines to further bolster safety standards. Kidwai highlighted a notable reduction in the number of flights grounded for technical reasons, which has fallen from 100 to 50 in recent years, attributing this improvement to ongoing reviews and tighter monitoring. During his visit to Nagpur, Kidwai also assessed the capacity of the city’s two major aircraft maintenance, repair, and overhaul (MRO) facilities—Air India Engineering Services Limited (AIESL) and Indamer Technics Private Limited. He emphasized the strategic importance of shifting a greater share of engine overhaul work to domestic MROs, noting that a significant portion currently takes place abroad. This shift, he explained, would reduce aircraft turnaround times and conserve foreign exchange. With engine maintenance constituting approximately 40% of total aircraft maintenance activities, the DGCA is actively encouraging airlines to deepen collaboration with domestic MRO providers. Leveraging local technical expertise and infrastructure is expected to strengthen India’s aviation ecosystem and diminish dependence on foreign maintenance facilities. As the DGCA advances its centralized monitoring system and promotes greater reliance on domestic maintenance capabilities, the Indian aviation sector stands on the cusp of a transformative era in safety and operational efficiency.

Toronto Pearson Launches Innovation Pilots with DMZ and Creative Destruction Lab Toronto Pearson International Airport has unveiled two six-month innovation pilot programs in collaboration with the technology incubator DMZ and the global startup accelerator Creative Destruction Lab (CDL). These initiatives are designed to diversify the airport’s supplier base beyond conventional aviation technology providers and to accelerate the digital transformation of Canada’s busiest airport. Expanding Innovation Through Local Startups Brian Tossan, Toronto Pearson’s Chief Technology Officer and Interim Chief Infrastructure Officer, highlighted the region’s robust startup ecosystem and expertise in artificial intelligence. He noted that Canada, and Toronto in particular, serve as hubs for emerging technology companies, many of which are located nearby. Tossan emphasized the airport’s intention to incorporate cutting-edge technologies and foster cross-sector innovation to enhance digitalization efforts. The DMZ pilot program aims to connect Toronto Pearson with emerging startups that utilize advanced technologies not traditionally applied in aviation. The initiative seeks to support capacity growth, improve operational efficiencies, elevate the passenger experience, and enhance real-time data collection. Additionally, it aims to increase non-aeronautical revenue and optimize interactions between travelers, employees, and airport amenities. Sherif El Tawil, DMZ’s Senior Director of Programs and Global Operations, will act as an expert in residence at the airport, facilitating the alignment of innovative startups with Pearson’s operational requirements. Abdullah Snobar, Executive Director of DMZ and CEO of DMZ Ventures, praised Toronto Pearson’s approach, stating that the airport is setting a benchmark for how major operators can harness startup innovation to address practical challenges. He underscored the need for fresh perspectives in the mobility and aviation sectors and expressed enthusiasm about helping the airport discover impactful solutions for millions of passengers. Advancing AI Integration with Creative Destruction Lab The CDL pilot will concentrate on artificial intelligence applications aimed at enhancing efficiency and resilience in critical airport operations such as baggage handling, gate management, and integrated command centers. Through CDL’s “Putting AI to Work” program, Toronto Pearson intends to accelerate the adoption of AI-driven solutions that could yield up to a 20 percent increase in productivity within two years. This improvement is expected to manifest through cost reductions, enhanced output, or superior service quality. Navigating Challenges Amidst a Competitive Landscape While these pilots position Toronto Pearson at the forefront of airport innovation, they also face potential obstacles. Regulatory complexities, competition from established industry players, and the risk of market saturation may influence the initiatives’ outcomes. Nonetheless, the programs are anticipated to attract heightened interest from global technology firms and startups eager to engage with Toronto’s growing innovation ecosystem. In response to the evolving environment, competitors are adjusting their strategies. Porter Airlines is intensifying its focus on Billy Bishop Airport to counterbalance Air Canada’s expansion, while carriers such as Air Canada, British Airways, and Iberia Express have resumed daily flights to Tel Aviv, potentially diverting passenger traffic from Pearson. Despite these challenges, Toronto Pearson’s partnerships with DMZ and CDL demonstrate a firm commitment to leveraging local innovation to improve airport operations and the passenger experience, establishing a new standard for digital transformation within the aviation sector.

Air China Cargo Plans to Acquire Up to 10 Airbus A350 Freighters Air China Cargo, the cargo division of Air China, has announced intentions to order up to ten Airbus A350F freighters as part of a broader initiative to expand and modernize its fleet. The proposed acquisition includes six firm orders and four options, with a total list price valuation of approximately $4.65 billion. However, the airline has indicated that it has negotiated a substantial discount with Airbus. Deliveries are anticipated between 2029 and 2031, contingent upon shareholder approval at a meeting scheduled for November 14, 2025. Strategic Fleet Expansion Amid Market Growth This planned procurement aligns with forecasts projecting a 41% growth in the global freighter fleet by 2044, a development expected to intensify competition for new aircraft orders. Air China Cargo’s selection of the A350F, Airbus’s latest-generation freighter derived from the A350-1000 passenger aircraft, underscores the industry’s increasing emphasis on fuel efficiency and reduced emissions. The A350F is designed to meet these priorities, offering improved operational economics and environmental performance, which are becoming critical factors for airlines and regulatory bodies alike. The potential order has drawn attention within the market, highlighting the A350F’s appeal as carriers worldwide seek to modernize their fleets. Industry players such as the Lufthansa Group are reportedly considering fleet simplification strategies that favor newer, more efficient aircraft like the A350, moving away from older models. This trend reflects a broader shift in the air cargo sector toward advanced technology and sustainability, reinforcing the significance of Air China Cargo’s planned investment. Industry Context and Program Developments In its October 28 filing with the Shenzhen Stock Exchange, Air China Cargo emphasized that the transaction remains subject to shareholder approval. Should the order be confirmed and incorporated into Airbus’s backlog, it would represent the manufacturer’s fourth A350F deal in 2025. Earlier this year, Airbus secured A350F orders from an undisclosed customer for three aircraft, STARLUX Airlines for five, and AviLease for ten. As of September 30, Airbus had recorded 65 A350F orders from a diverse customer base including Air France, Cathay Pacific, Etihad Airways, Singapore Airlines, and Turkish Airlines. The A350F program has experienced delays, with Airbus now targeting entry into service in the second half of 2027, later than the initially planned 2026 launch. These delays have been attributed to supply chain disruptions and the ongoing merger between Spirit AeroSystems and Boeing. The European Union recently approved Boeing’s acquisition of Spirit, subject to the divestment of certain Airbus-related activities. This regulatory development may influence competitive dynamics within the aircraft manufacturing sector and could have implications for future freighter production. Meanwhile, Air Lease Corporation (ALC), the original launch customer for the A350F, canceled its order for seven aircraft earlier this year. ALC cited delivery delays and a strategic pivot toward passenger aircraft as reasons for the cancellation, which has freed up over $1 billion in capital expenditure. As Air China Cargo awaits shareholder approval, its potential order for the A350F reflects both confidence in the long-term growth prospects of the air cargo market and a strategic commitment to fleet modernization amid evolving industry conditions.

Air Force to Lease Base Land for Private AI Data Centers Amid Security and Land Use Debates The Department of the Air Force has announced plans to lease over 3,100 acres of underutilized land across five military bases to private companies for the development of large-scale artificial intelligence (AI) data centers. This initiative, aimed at accelerating the nation’s AI infrastructure, has elicited a range of responses from industry stakeholders and security experts, highlighting both the potential benefits and the challenges associated with integrating commercial operations on military property. Strategic Initiative to Boost AI Infrastructure The solicitation requires each proposed data center to represent a minimum investment of $500 million and to consume at least 100 megawatts of power. The move aligns with recent executive orders designed to leverage government-owned assets to enhance the country’s technological capabilities. The available sites include Arnold Air Force Base in Tennessee, Edwards Air Force Base in California, Davis-Monthan Air Force Base in Arizona, Joint Base McGuire-Dix-Lakehurst in New Jersey, and Robins Air Force Base in Georgia. Notably, Edwards AFB, known as the Air Force’s premier flight test center and home to programs such as the B-21 Raider and T-7 Red Hawk, offers more than 2,100 acres for development. The Air Force presents this plan as a strategic effort to optimize unused property while encouraging private-sector investment in critical national technology infrastructure. Robert Moriarty, deputy assistant secretary for installations, emphasized the importance of maximizing asset value, stating, “AI is transforming the modern world, and these data centers are crucial for America to remain at the forefront of innovation.” Security Concerns and Ethical Considerations Despite the potential advantages, the proposal has raised significant concerns regarding security, land use, and ethical implications. Critics argue that leasing military land to commercial entities could introduce vulnerabilities, potentially compromising national security. There is also apprehension about setting a precedent for the use of federal property for private enterprise, even when the projects involve advanced technology development. The initiative is open to all organizations, not limited to those with defense-related projects. Lease terms are expected to extend up to 50 years, with parcels ranging from smaller tracts under 300 acres to expansive sites at Edwards AFB. All leases must be bid at fair market value, and proposals are due by November 14. The Air Force plans to complete selections early next year, following thorough environmental assessments and design reviews. Market Reactions and Industry Implications Reactions within the market have been mixed. Some analysts view the Air Force’s plan as a forward-looking strategy that capitalizes on dormant infrastructure to support the rapidly growing AI sector. The broader data center market is highly competitive, with companies—including former bitcoin miners—pivoting toward AI workloads, underscoring the increasing demand for large-scale computing facilities. Conversely, others express reservations about the risks posed to national security and question the appropriateness of integrating commercial data centers within military installations. As the Air Force advances this initiative, balancing the promotion of technological innovation with the imperative to safeguard national interests will remain a critical and ongoing challenge.

China Southern Airlines Renews Finance and Lease Agreement with CSA Leasing China Southern Airlines Company Limited Class H (HK:1055) has announced the renewal of its Finance and Lease Service Framework Agreement with CSA Leasing, extending their partnership from 2026 through 2028. This agreement continues to facilitate the provision of finance and operating lease services for aircraft and related equipment, alongside the sale and purchase of aviation materials between the two entities. The renewal follows the expiration of the previous arrangement and is classified as both a continuing connected transaction and a major transaction under Hong Kong’s Listing Rules, necessitating disclosure, annual review, and independent shareholder approval. Strategic Implications Amid Industry Challenges The extension of this agreement is designed to optimize China Southern Airlines’ operational capabilities and align with shareholder interests in a rapidly evolving aviation environment. However, the airline faces emerging challenges, notably recent U.S. restrictions that limit Chinese carriers’ access to Russian airspace for U.S.-China flights. These regulatory changes may disrupt China Southern’s established routes and increase operational costs, potentially compelling the airline to revise its route strategies. Competitors are likely to respond by exploring alternative flight paths or forging new partnerships to mitigate the impact of these restrictions. In addition to regulatory hurdles, the broader airline industry continues to grapple with significant supply-chain disruptions, which have contributed an estimated $11 billion in additional costs this year alone. These pressures further complicate China Southern Airlines’ financial planning and operational efficiency, underscoring the importance of the renewed agreement with CSA Leasing as a means to maintain flexibility and resilience in a challenging market. Market and Analyst Perspectives Analyst sentiment toward China Southern Airlines remains cautious. The stock currently holds a Hold rating with a price target of HK$4.50. As a major player in the aviation sector, the company is primarily engaged in air transportation services as well as the leasing and acquisition of aircraft, engines, simulators, and related equipment. Recent data indicates an average trading volume of 19,261,534 shares and a market capitalization of HK$118.2 billion. Despite the Hold rating, technical indicators presently signal a Buy. The renewal of the finance and lease agreement highlights China Southern Airlines’ commitment to reinforcing its operational foundation amid regulatory headwinds and industry-wide cost pressures.

Cyprus Emerges as a Growing Player in Aviation Strategic Positioning Amid Industry Realignment The global aviation industry is currently experiencing profound shifts, marked by persistent delays in new aircraft deliveries and ongoing challenges faced by engine manufacturers. These factors have elevated the importance of existing aircraft fleets, while a steady increase in passenger numbers—setting new records annually since the pandemic—has intensified demand for maintenance, repair, and overhaul (MRO) services. Within this evolving landscape, Cyprus is seizing a unique opportunity to establish itself as a significant player in the high-value MRO sector, an area where its presence has historically been limited. Cyprus benefits from a strategic geographic location at the crossroads of Europe, Asia, and Africa, providing a natural advantage for aviation services. By investing in infrastructure, prioritizing technical education, and streamlining regulatory procedures, the island nation aims to convert this geographic benefit into a sustainable competitive edge. Recent developments underscore this ambition, with Bird Aviation’s expansion at the former Larnaca airport serving as a prominent example. The company’s completion of a modern maintenance and repair hangar in 2024, backed by an investment exceeding €2.5 million, signals a strong commitment to growth. Furthermore, the construction of a third hangar is underway, which will enable Bird Aviation to offer heavy maintenance across four bays, complementing its existing line maintenance services for overnighting aircraft. Market Dynamics and Competitive Challenges The market response to Cyprus’s aviation sector growth has been notably positive. Passenger traffic on the island is increasing at more than twice the European average, reflecting robust demand and growing confidence in the sector’s prospects. Nevertheless, Cyprus faces significant competition from neighboring countries such as Turkey and Greece, both of which are actively expanding their aviation industries. Geopolitical tensions in the region further complicate Cyprus’s ambitions, adding layers of uncertainty to its strategic plans. The competitive environment is also intensified by reactions from major players like Russian airlines, particularly Aeroflot, which are under pressure due to the rising presence of foreign carriers in their domestic markets. Despite these challenges, the potential economic and employment benefits for Cyprus are considerable. Sustained support from government authorities will be crucial to maintaining momentum, particularly through initiatives focused on workforce training and international promotion. While modern facilities are essential, the availability of a skilled workforce remains equally critical. The demand for aircraft maintenance technicians is acute; a recent study by CAE forecasts a global need for over 347,000 new technicians in commercial aviation by 2034. In Europe, these roles rank among the most sought-after within the industry. Workforce Development and Future Prospects To address this growing demand, Bird Aviation has established partnerships with Cypriot universities and actively participates in career events to promote opportunities within the aviation sector. However, broader progress requires active public sector involvement. The government must provide viable career pathways for young people considering technical professions and work to dispel outdated perceptions that engineering and technical fields are secondary choices. Looking forward, Cyprus’s continued investment in aviation infrastructure and talent development positions the country as an emerging player in the regional aviation landscape. Through strategic collaboration between private enterprises and public institutions, Cyprus aims to solidify its role despite the competitive pressures and geopolitical headwinds it faces.

Flair Airlines Partners with Netcore Cloud to Advance AI in Aviation Customer Service **New York, October 27, 2025** – Flair Airlines, Canada’s foremost independent ultra-low-cost carrier, has entered into a strategic partnership with Netcore Cloud, a global leader in agentic marketing, to enhance its customer engagement through an AI-powered digital experience platform. This collaboration represents a pivotal advancement in Flair’s ongoing commitment to innovation and the delivery of seamless, personalized travel experiences. Enhancing the Customer Journey with AI Flair Airlines sought a partner with extensive aviation expertise to elevate the customer journey and develop a scalable, future-ready AI roadmap. Netcore Cloud was chosen for its alignment with Flair’s business objectives and its proven success in driving digital transformation for global airlines. The partnership is designed to deliver meaningful customer experiences at scale by leveraging Netcore’s advanced technology. Central to Netcore’s solution are AI-driven personalization capabilities that provide relevant and contextual engagement across all digital touchpoints. The platform also enables omnichannel automation, ensuring seamless communication throughout the traveler’s journey—from booking to post-flight interactions. Additionally, advanced analytics and insights equip Flair’s marketing teams with data-driven intelligence to optimize customer interactions and enhance campaign performance. Kalpit Jain, Group CEO of Netcore Cloud, emphasized the broader impact of the partnership, stating, “Flair embarked on a transformation from being a no-frills carrier to becoming a meaningful part of every customer’s travel experience. Our role extended beyond technology—we helped embed a culture of AI-driven personalization that fuels ancillary revenue growth and strengthens long-term customer loyalty.” Challenges and Industry Context While this partnership is expected to reinforce Flair’s position as a leader in affordable, customer-centric air travel, it also presents challenges typical of digital transformation initiatives in aviation. Integrating new AI technologies with existing systems, ensuring robust data privacy and security, and managing rising customer expectations for enhanced service remain critical considerations. This development aligns with a broader industry trend, as airlines increasingly pursue cross-sector collaborations to scale loyalty benefits and deliver consistent, high-quality customer experiences. The move is likely to intensify competition, prompting other carriers to accelerate their own AI initiatives or establish similar partnerships to maintain market relevance. About Flair Airlines Headquartered in Edmonton, Alberta, Flair Airlines operates a growing fleet of Boeing 737 aircraft, serving over 25 destinations across Canada, the United States, Mexico, the Dominican Republic, and Jamaica. The airline is dedicated to making air travel affordable, accessible, and enjoyable. About Netcore Cloud Netcore Cloud is a leading agentic marketing platform offering a comprehensive Customer Engagement Suite designed to create personalized, omnichannel experiences. Trusted by more than 6,500 brands worldwide—including Walmart, Unilever, Tommy Hilfiger, Domino’s, McDonald’s, Pizza Hut, and Crocs—Netcore leverages artificial intelligence to analyze customer data and enable targeted, meaningful digital interactions. For further information, visit netcorecloud.com.

Chapman Freeborn Prioritizes Humanitarian and Emergency Relief Amid Global Challenges Chapman Freeborn has reaffirmed its dedication to humanitarian and emergency relief operations, highlighting its enduring partnership with the World Food Program (WFP) at the 17th Global Humanitarian Aviation Conference (GHAC) held in Istanbul earlier this month. The conference, organized by the WFP, convened key stakeholders in humanitarian aviation to discuss the evolving challenges and demands of global aid delivery. Strategic Partnerships and Sector Commitment Bernardo Nunes, Chief Operating Officer of Chapman Freeborn, emphasized the company’s transition from providing ad hoc support to establishing strategic partnerships that enable more coordinated and scalable humanitarian missions worldwide. He described GHAC as a crucial platform for fostering collaboration and innovation within the sector, noting that the company’s active participation facilitated engagement with important stakeholders and the exploration of new methods to improve emergency response and aid distribution. Ekaterina Andreeva, a senior executive at Chapman Freeborn, underscored the company’s longstanding involvement in humanitarian efforts. She recalled that one of the company’s earliest charters was a humanitarian mission, and affirmed that this sector remains a core focus. Chapman Freeborn continues to be a committed supporter of the WFP and other humanitarian organizations. Addressing Logistical Challenges and Market Opportunities The humanitarian aviation sector faces significant logistical obstacles, particularly in conflict-affected regions. Recent crises have revealed challenges such as blocked roads, damaged infrastructure, and government-imposed restrictions, which have severely hindered aid delivery in areas like Gaza. The United Nations has called for a substantial increase in emergency assistance for Gaza, highlighting the urgent need for resilient and adaptable logistics solutions. In response to these challenges, demand for efficient and reliable transport services is rising. Chapman Freeborn is actively exploring opportunities in emerging markets, including the expanding helicopter charter sector in Indonesia, as noted by Saladin Siregar, the company’s regional representative. Concurrently, competitors are enhancing their disaster relief capabilities; for instance, Duke Energy has made significant investments in logistics to support rapid emergency response. Global Reach and Industry Position Founded in the United Kingdom in 1973, Chapman Freeborn operates on a global scale with offices across North America, Europe, Africa, Asia, and Australia. While the company is widely recognized for its private jet charters, it is also a major player in the cargo market, specializing in aircraft charter and leasing services for freight forwarders, multinational corporations, governments, and humanitarian agencies. Chapman Freeborn is part of Avia Solutions Group, the world’s largest ACMI (aircraft, crew, maintenance, and insurance) provider, which operates a fleet of 187 aircraft. The group offers a comprehensive range of aviation services, including maintenance, repair and overhaul (MRO), pilot and crew training, and ground handling. With a workforce exceeding 14,000 employees and more than 250 subsidiaries, Avia Solutions Group and Chapman Freeborn are well-positioned to address the complex demands of humanitarian and emergency relief logistics on a global scale.

XTI Aerospace and Valkyrie AI Unveil Vanguard Platform for TriFan 600 VTOL Aircraft ENGLEWOOD, Colo., DALLAS, and AUSTIN, Texas, Oct. 27, 2025 — XTI Aerospace, Inc. (NASDAQ: XTIA), a developer of scalable vertical flight technologies, in partnership with Valkyrie Sciences, a leader in artificial intelligence and advanced materials, has announced the launch of the Vanguard Platform. This intelligent technology system is specifically designed to enhance the next generation of vertical takeoff and landing (VTOL) aircraft, with a focus on XTI’s TriFan 600. Advancing VTOL Technology Through Strategic Collaboration The Vanguard Platform will integrate Valkyrie’s expertise in graphene and composite materials, advanced battery technology, and smart systems architecture to significantly advance the TriFan 600 program. This collaboration is underpinned by a $2 million strategic investment from XTI in Valkyrie, alongside a services agreement with Valkyrie Intelligence. The partnership builds on the advisory role of Valkyrie Founder Charlie Burgoyne, who has been working with XTI since July 2025. Burgoyne brings extensive experience in deploying real-world artificial intelligence applications, having advised prominent military and intelligence agencies including LANL, DOE, DARPA, NASA, CENTCOM, and SOCOM. Valkyrie’s industry credentials include the design of mesh networks for a leading global automotive manufacturer and the development of digital-twin systems for Fortune 100 companies. These capabilities will form the foundation of the Vanguard Platform’s integration into the TriFan 600, aiming to enhance the aircraft’s performance and operational intelligence. Scott Pomeroy, CEO of XTI Aerospace, emphasized the strategic importance of the alliance, stating, “This alliance supports our technology-first objectives at the leading edge of emerging aerospace technologies. Applied AI will be one of the most significant differentiators in this next era of aerospace and defense. Valkyrie’s expertise will help accelerate opportunities across our portfolio, from vertical flight to unmanned systems and beyond; we believe this is a first-of-its-kind approach.” Charlie Burgoyne, CEO of Valkyrie, highlighted the platform’s innovative design, explaining, “The Vanguard Platform, combining Valkyrie’s applied AI technology for aerospace and XTI’s VTOL engineering, is designed to streamline aircraft development. Central to this vision is the Vanguard chassis, which integrates distributed mesh intelligence—a networked, onboard computing framework enabling real-time coordination across aircraft systems. Our production and engineering processes will emphasize lean, data-driven development and the direct integration of intelligent systems into aerospace hardware.” Competitive Landscape and Market Implications The unveiling of the Vanguard Platform occurs amid intensifying competition within the VTOL sector. Established aerospace companies such as Boeing, with its CxR concept, and Shield AI, developing collaborative combat aircraft, are advancing their own VTOL platforms. Lockheed Martin’s Nomad™ family of uncrewed aircraft systems also represents a significant competitive force, likely to drive further innovation in the market. Moreover, the integration of advanced technologies, including additive manufacturing for thermal management in fuel cell systems, is expected to influence the competitive landscape and accelerate technological progress. Market analysts anticipate that the XTI-Valkyrie partnership will generate heightened interest in VTOL technology, as industry leaders and new entrants alike seek to incorporate artificial intelligence, advanced materials, and intelligent systems into next-generation aircraft. Further details regarding XTI’s $2 million strategic investment will be available in the company’s forthcoming SEC filing. ThinkEquity served as advisor for the transaction. About XTI Aerospace, Inc. XTI Aerospace, Inc. (XTIAerospace.com) is the parent company of XTI Aircraft Company, headquartered near Denver, Colorado. The company is currently developing the TriFan 600, a fixed-wing business aircraft designed for vertical takeoff and landing (VTOL) capability, with maximum cruising speeds exceeding 300 knots.