Swiss Innovation Drives Sustainable Future

SITA and Versa Introduce AI-Enhanced SASE Connectivity for Airlines Advancing Airline Connectivity with AI-Driven Technology SITA, a global leader in air transport technology, has launched SITA Connect Fly, a next-generation managed connectivity service designed to modernize and streamline passenger handling for airlines. This innovative solution is powered by Versa’s AI-enhanced Universal Secure Access Service Edge (SASE) platform, addressing the growing need for airlines to upgrade aging network infrastructures, reduce operational costs, and close security vulnerabilities that can cause airport delays. Building upon SITA’s established Community Connect Departure Control System (DCS) service, which currently supports check-in and boarding at over 400 locations worldwide, SITA Connect Fly integrates VersaONE, an AI-powered platform that unifies network performance and security. This integration ensures that critical airline systems, such as departure control, operate with enhanced reliability and efficiency. By leveraging Versa’s global cloud gateways, airlines gain faster response times and reduced delays through connections to the nearest access points. The platform’s dynamic bandwidth allocation prioritizes essential applications, further strengthening operational resilience. Flexible, Secure Connectivity Across Networks and Locations A defining characteristic of SITA Connect Fly is its flexibility in delivering connectivity across any transport layer, including ISP, MPLS, and 4G/5G networks, to any application regardless of location. This capability enables airlines to extend connectivity to even the most remote or regional airports, significantly accelerating deployment timelines to just a few weeks. The service’s comprehensive SASE features combine cloud-delivered Security Service Edge (SSE) with the benefits of software-defined wide area networking (SD-WAN), extending robust security protections to mobile endpoints, non-airport sites, and broader travel industry operations. The service is fully integrated with SITA’s common-use systems for check-in and self-service, including CUTE and CUSS, as well as SITA Flex. This integration facilitates real-time data processing across SITA’s digital ecosystem, supporting airlines and airports in delivering more connected, efficient, and reliable services to travelers. Challenges and Market Implications Despite its promise, the rollout of AI-enhanced SASE connectivity presents challenges. Integrating advanced AI security features into existing airline systems and ensuring seamless interoperability with current networks will require meticulous planning. Additionally, the rapidly evolving cybersecurity landscape necessitates ongoing vigilance from both SITA and Versa to counter emerging threats. Market analysts anticipate a strong response to the launch, as airlines increasingly demand robust, future-proof security solutions. The introduction of SITA Connect Fly is likely to prompt competitors such as Cato Networks and Netskope to accelerate enhancements to their own AI-driven SASE offerings. Industry observers expect rivals to respond with competitive pricing strategies or new feature developments to maintain their positions in this fast-evolving sector. Martin Smillie, Senior Vice President for Communications and Data Exchange at SITA, underscored the urgency for modernization: “Airlines across the world are telling us the same thing: They need faster, more resilient systems to keep up with growing passenger volumes and increased cloud services. SITA Connect Fly provides a managed secure connectivity service for pre-flight operations worldwide, helping reduce the risk of outages and keeping network and security policies consistent across airports.” For passengers, these technological advancements promise smoother check-in processes, more reliable boarding, and a less stressful travel experience, aligning with the industry’s objective of delivering seamless, secure, and efficient journeys.

eVTOL Air Taxis Aim to Reduce Wait Times at Orlando International Airport Orlando International Airport (MCO) is exploring innovative solutions to alleviate the stress and delays commonly experienced by travelers. Lengthy lines at check-in counters, security checkpoints, and crowded terminals often complicate the journey well before boarding. To address these challenges, MCO is embracing electric vertical takeoff and landing (eVTOL) air taxis, a technology poised to transform airport access and streamline passenger flow. MCO’s Vision for Enhanced Airport Access In partnership with the Federal Aviation Administration (FAA), Orlando International Airport is investigating how eVTOL aircraft could be integrated into the National Airspace System (NAS) to provide faster, more direct transportation options for travelers. In 2025, the airport completed a three-day simulation with the FAA to test the operational feasibility of eVTOL air taxis alongside traditional commercial flights. The initiative aims to enable passengers to bypass conventional bottlenecks by flying directly from city-center vertiports to the airport, significantly reducing travel time and congestion. These electric aircraft, capable of vertical takeoff and landing, offer the potential to revolutionize the airport journey by providing swift, point-to-point connections. This approach could minimize the time passengers spend navigating terminals and waiting in queues, thereby enhancing the overall travel experience. FAA Simulation and Operational Testing The FAA’s simulation took place at the William J. Hughes Technical Center in New Jersey, employing Human-in-the-Loop (HITL) modeling to replicate real-world scenarios for eVTOL integration. The exercise evaluated potential flight routes, air traffic control procedures, and the interaction of eVTOLs with existing commercial air traffic. Ensuring safety and operational efficiency was paramount, with the goal of harmonizing these new aircraft within the current airspace infrastructure without causing disruptions. Successful integration of eVTOLs could lead to a significant reduction in passenger wait times and a more streamlined airport access process, marking a critical milestone in the advancement of urban air mobility. Challenges and Industry Outlook Despite the promising outlook, several obstacles remain before eVTOL air taxis can be widely adopted. Regulatory approval processes are complex and ongoing, while the high costs associated with development and operation present financial challenges. Technical issues related to the safe and reliable deployment of urban air mobility solutions continue to require resolution. Market responses to eVTOL technology have been mixed. While some investors have realized substantial gains, others caution against premature optimism. The competitive landscape is varied: some companies have discontinued their eVTOL projects, others are concentrating on specialized commercial uses, and many remain in early production phases. Nonetheless, the sector continues to garner significant interest from startups and government programs. The White House’s eVTOL Integration Pilot Program exemplifies federal support aimed at accelerating the commercialization of these technologies, underscoring ongoing commitment to advancing advanced air mobility. Looking Forward If regulatory, technical, and market challenges can be addressed, eVTOL air taxis have the potential to transform airport travel by reducing wait times and easing congestion at hubs like Orlando International Airport. While the vision is compelling, the timeline for widespread adoption remains uncertain and contingent on continued progress across multiple fronts. Orlando’s current initiatives represent a meaningful step toward this future, signaling the beginning of a new era in air transportation.

Flux Power and Averest Present Advanced Energy Management Solutions at GSE Expo Flux Power Holdings Inc., a prominent provider of advanced lithium-ion energy storage and software solutions for airport ground support equipment (GSE), is collaborating with strategic partner Averest to unveil integrated energy management innovations at the International GSE Expo in Las Vegas, held from September 16 to 18. This event is widely regarded as the foremost global gathering for the GSE industry, attracting manufacturers, suppliers, and service providers who showcase technologies aimed at enhancing operational efficiency, safety, and sustainability on airport tarmacs. Innovations in Lithium-Ion Energy Management At Booth 6063, Flux Power and Averest will demonstrate a comprehensive range of lithium-ion battery products and energy management software designed to improve performance, reduce operating costs, and minimize environmental impact for GSE fleets. Among the key solutions featured are the M24 charger, which facilitates in-field recovery charging; the G80 420, a redesigned battery offering enhanced performance and simplified maintenance; and the G96 4P, a new high-voltage, high-capacity energy solution tailored for tractors and other heavy equipment. Complementing these hardware offerings is SkyEMS 2.0, a next-generation energy management system that provides real-time monitoring, predictive maintenance capabilities, and fleet-wide optimization. Kelly Frey, Chief Revenue Officer of Flux Power, emphasized the industry’s shift toward cleaner and smarter ground operations, stating, “By combining Flux Power’s advanced lithium-ion technology with Averest’s expertise, we deliver comprehensive energy solutions that empower operators to achieve efficiency and sustainability goals.” Mike Hole, Director of Global Sales & Marketing at Averest, highlighted the benefits of the SkyEMS platform, noting that it offers operators unprecedented visibility into fleet performance, charging behavior, and maintenance needs, enabling data-driven decisions that maximize uptime, extend asset life, and reduce costs. Competitive Landscape and Industry Trends The energy management sector for GSE is becoming increasingly competitive, with companies such as Plug Power expanding aggressively in the green hydrogen market. This development has prompted industry analysts to assess the long-term growth potential of hydrogen-based solutions relative to eco-friendly lithium-ion storage technologies. Plug Power’s recent investments in hydrogen production facilities signal a strategic push that could influence the market’s trajectory, while Flux Power continues to advance its lithium-ion product portfolio to maintain a competitive advantage. Broader trends in the energy sector, including rising power prices and grassroots opposition to increasing energy demand and costs, are also influencing market dynamics and investor sentiment. As airports and ground operators seek reliable, cost-effective, and sustainable energy solutions, competition between hydrogen and lithium-ion technologies is expected to intensify. This rivalry may drive further innovation and strategic investment across the sector. Attendees at the International GSE Expo will have the opportunity to engage directly with experts from Flux Power and Averest, gaining insight into how advanced energy management solutions are set to shape the future of ground support operations amid a rapidly evolving energy landscape.

China Advances Ambitions in the Low-Altitude Economy At the China International Supply Chain Expo held in Beijing this July, an electric vertical take-off and landing (eVTOL) air taxi was prominently displayed, underscoring the rapid transition of air taxis and drone-based delivery services from conceptual stages to operational reality within China. The country’s low-altitude economy, encompassing civil piloted and unpiloted aviation activities up to 3,000 meters, is emerging as a strategic sector poised for significant expansion. Experts anticipate robust growth fueled by commercial applications across passenger transport, tourism, agriculture, and logistics. Market Growth and Industry Drivers The Civil Aviation Administration of China projects the market value of the low-altitude economy to reach 1.5 trillion yuan (approximately $210 billion) by 2025, with expectations to more than double to 3.5 trillion yuan by 2035. This growth trajectory is supported by proactive government policies and a surge in innovation from domestic unmanned aerial vehicle (UAV) manufacturers. These companies are diversifying drone applications to include aerial tourism, mapping, agricultural monitoring, public security, logistics, and disaster relief operations. Urban air mobility firms such as EHang Holdings are at the forefront of commercializing eVTOL aircraft, which offer vertical takeoff and landing capabilities without the need for traditional runways. These air taxis are designed to alleviate urban congestion and provide novel experiences in city travel and sightseeing. EHang recently achieved a regulatory milestone by securing one of the first air operator certificates for civil, human-carrying pilotless aerial vehicles in China. This certification paves the way for consumers in cities like Guangzhou and Hefei to purchase tickets for urban sightseeing and tourism flights in the near future. Hu Huazhi, founder and CEO of EHang, characterized the low-altitude economy as a significant market opportunity and a new engine for China’s economic growth. The company is committed to delivering safe, autonomous, and environmentally friendly air mobility services, as evidenced by a recent order for 50 eVTOL units that signals increasing commercial demand. Challenges and Global Context Despite the promising outlook, the sector faces notable challenges. Industry experts stress the urgent need for clearer regulatory frameworks and stringent safety standards governing unmanned aerial vehicles and low-altitude operations. The development of essential ground infrastructure—including takeoff and landing sites as well as maintenance facilities—remains a critical priority to support the sector’s expansion. China’s ambitions in the low-altitude economy also mirror broader global trends where regulatory changes and shifting market dynamics can introduce complexities. Competitive pressures, such as China’s leadership in uncrewed logistics, may alter market landscapes, while strategic recalibrations akin to ABB India’s portfolio adjustments could become necessary as the industry matures. Furthermore, sectors indirectly linked to the low-altitude economy, including renewable energy and digital infrastructure, may experience vulnerability to global market fluctuations, as recent regional economic analyses have indicated. As China intensifies its focus on developing the low-altitude economy, the interplay between technological innovation, regulatory evolution, and competitive market forces will be pivotal in unlocking the sector’s full potential and establishing new drivers for sustained economic growth.

Vietjet Expands Australian Operations with New Widebody Aircraft Vietjet has strengthened its Australia-Asia network by introducing an Airbus A330 widebody aircraft (VN-A820) to its fleet, a strategic response to heightened year-end travel demand. This addition increases the airline’s total fleet to 121 aircraft, underscoring Vietjet’s ongoing growth strategy and its commitment to accommodating rising passenger and cargo volumes during the peak holiday season. Increased Flight Frequencies and Route Adjustments In the coming months, Vietjet plans to enhance its service frequency, offering daily flights between Melbourne and Sydney to Ho Chi Minh City. The Brisbane–Ho Chi Minh City route will also see an increase to five weekly flights starting in early December, providing Australian travellers with greater flexibility and more travel options. These adjustments follow the recent suspension of the Sydney–Hanoi and Melbourne–Hanoi routes, launched only a year prior, as Vietjet refocuses on routes demonstrating the strongest demand. The airline’s emphasis remains on connecting Melbourne, Sydney, and Brisbane with Ho Chi Minh City, reflecting a strategic realignment to optimize network efficiency. Operational Challenges and Market Competition The deployment of the larger A330 aircraft introduces operational complexities, including higher costs and increased maintenance requirements. To support this expansion, Vietjet has invested in a new Maintenance, Repair, and Overhaul (MRO) facility designed to enhance its service capabilities. However, scaling up operations at the facility may present logistical and operational challenges in the near term. Vietjet’s expansion occurs within a highly competitive Australian aviation market. The airline’s increased capacity and frequency could trigger competitive responses from rival carriers, particularly those operating narrowbody fleets. These competitors may adjust flight schedules, pricing, or introduce new routes to protect their market share, potentially intensifying competition and altering market dynamics. Furthermore, regulatory requirements at key airports, including Long Thanh International, may pose additional operational hurdles as Vietjet continues to expand its regional presence. Despite these challenges, Vietjet’s latest fleet enhancement and network realignment highlight its ambition to capture a larger share of the Australia–Vietnam travel market, positioning the airline as a significant player during one of the busiest travel periods of the year.

Trump Administration Advances Public-Private Partnerships to Foster Air Taxi Industry The Trump administration has launched a strategic effort to accelerate the development of electric flying taxis in the United States through new public-private partnerships. On Friday, the Federal Aviation Administration (FAA) unveiled the Electrical Takeoff and Landing Integration Pilot Program, inviting collaboration between state, local, and tribal governments and private companies to advance projects in the emerging field of advanced air mobility (AAM). Program Objectives and Industry Potential The initiative aims to select at least five pilot projects over the next three years, focusing on the deployment of electric vertical takeoff and landing (eVTOL) aircraft designed to transport passengers and cargo. These projects will also facilitate the development of essential supporting infrastructure, including vertiports and charging stations. The FAA emphasizes that advanced air mobility has the potential to enhance connectivity in rural areas, alleviate urban traffic congestion, and improve emergency and medical transport services. FAA Administrator Bryan Bedford highlighted the significance of the program, stating, “This pilot program gives us another opportunity to advance the administration’s plan to accelerate safe eVTOL and advanced air mobility operations across the United States.” He further noted that insights gained from these pilot projects will inform the safe and scalable expansion of AAM operations nationwide. Infrastructure, Funding, and Industry Response The program emerges amid increasing interest from municipalities, states, and airports in integrating highly automated, electrically powered aircraft into existing aviation frameworks. A 2024 Government Accountability Office (GAO) report underscores the substantial infrastructure requirements for the sector, with proposals to situate vertiports at airports, logistics hubs, hospitals, and atop parking garages. Initial operations, anticipated between 2025 and 2028, are expected to primarily utilize existing airports and heliports. Financing for these initiatives may draw from municipal bonds, state infrastructure banks, and public-private partnerships. The FAA has indicated that grants from the Airport Improvement Program could also support the development of AAM infrastructure. States such as Utah have already explored diverse funding mechanisms for vertiports, reflecting growing momentum within the industry. Industry leaders have responded positively to the pilot program. Companies including Archer Aviation and Joby Aviation have expressed strong support and signaled their intent to participate. Archer Aviation, designated as the “official air taxi provider” for the Los Angeles 2028 Olympics, described the initiative as a “landmark moment” for the sector. CEO Adam Goldstein remarked, “This is a landmark moment for our industry.” Challenges and Future Outlook Despite the enthusiasm, significant challenges remain. Regulatory complexities, safety concerns, and technological limitations continue to pose obstacles to widespread adoption. The pilot program is expected to play a critical role in identifying and addressing these issues, thereby facilitating broader implementation. As the market responds, competitors are likely to intensify their development and regulatory compliance efforts to remain competitive. The FAA’s initiative represents the first federal program specifically designed to integrate electric air taxi operations into real-world use in the United States, marking a pivotal step toward a new era of urban and regional air mobility.

Verge Aerospace Introduces AI-Driven Tools to Transform Drone Show Production Verge Aerospace, a prominent developer of comprehensive drone show systems, has unveiled a suite of artificial intelligence tools aimed at revolutionizing the creation of unmanned aerial vehicle (UAV) performances. Integrated within Verge Aerospace’s Design Studio software, these AI capabilities enable users to convert simple text prompts into fully realized, flight-ready drone shows in a matter of minutes. This advancement represents a significant leap forward in the field of drone entertainment technology. Enhancing Creativity and Efficiency Through AI The newly introduced AI tools offer a range of functionalities designed to streamline the creative process. By inputting a text prompt along with the desired number of drones, users can generate an entire show sequence, substantially reducing the time traditionally required for planning and choreography. The system also supports dynamic manipulation of show elements, allowing for the rapid addition, removal, or modification of components through text or image prompts. These AI-generated elements are seamlessly integrated into Verge Aerospace’s Design Studio, where they can be further animated and refined to ensure precise execution during live performances. Chris Franzwa, Chief Technical Officer at Verge Aerospace, emphasized that the technology is intended to augment rather than replace artistic input. He noted that for newcomers, designing drone shows in-house can be a complex and intimidating task. The new AI tools democratize this process, enabling anyone to create sophisticated drone shows fully integrated within the company’s software ecosystem, starting from a simple textual description. Industry Context and Competitive Dynamics Verge Aerospace’s innovation emerges amid rapid technological progress in the drone and robotics sectors. While the integration of advanced AI into drone show production presents challenges—particularly in maintaining compatibility with existing drone hardware and infrastructure—the potential benefits in operational efficiency and safety have been met with cautious optimism by industry observers. The competitive environment is intensifying, with companies such as AeroVironment investing heavily in research and development to secure significant contracts, including those with the U.S. Army. Meanwhile, firms like Runway AI are advancing the frontiers of AI-driven automation. High-profile industry events, including TechCrunch Disrupt 2025, highlight the vigorous competition for technological leadership within robotics and artificial intelligence. Verge Aerospace’s introduction of AI-powered design tools may accelerate innovation across the sector, as the ability to rapidly conceive and deploy complex drone shows becomes a critical differentiator. By lowering barriers to entry, these tools empower creative teams to concentrate on storytelling and visual artistry, potentially raising the standard and scope of drone-based entertainment. Franzwa remarked, “This is just the beginning of what this technology can bring to the drone show industry. AI frees creators to focus on high-level storytelling and pioneering new effects, helping to elevate their shows to an entirely new level.” About Verge Aerospace Established in 2016, Verge Aerospace is globally recognized by regulatory bodies such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). Its fully integrated drone show system is employed by professional production teams worldwide. Further details about Verge Aerospace and its latest AI innovations are available on the company’s official website.

Silk Way West Airlines Renews Service Agreement with GE Aerospace Silk Way West Airlines has extended its service agreement with GE Aerospace to support its growing fleet of widebody Boeing aircraft. The renewed contract encompasses maintenance and support for five Boeing 747-8 freighters powered by GEnx-2B engines, six Boeing 777 freighters equipped with GE90-115B engines, and up to four Boeing 777-8 freighters featuring the latest GE9X engines. These aircraft are integral to Silk Way West’s ongoing fleet modernization, following orders placed in 2021 and 2022 for Boeing 777-8 and 777 freighters. Expanding Operations and Strategic Partnership Operating over 40 routes across Europe, the Commonwealth of Independent States (CIS), the Middle East, Central and Eastern Asia, and the Americas, Silk Way West Airlines manages an annual cargo turnover exceeding 500,000 tonnes. The airline regards its partnership with GE Aerospace as a cornerstone of its long-term strategy aimed at sustainable growth and operational excellence. Onno Pietersma, Chief Operating Officer of Silk Way West Airlines, emphasized the significance of the renewed agreement, stating, “We are pleased to announce this extension of our partnership. It will continue to help us deliver on our long-term strategy of sustainable growth and allow us to continuously improve the services we provide to our valuable customers.” Russell Stokes, President and CEO of Commercial Engines and Services at GE Aerospace, highlighted the technological edge of the collaboration: “We are proud to continue building our relationship with Silk Way West Airlines as they modernise their fleet. GE Aerospace widebody engines represent the pinnacle of aviation technology, designed to lower operating costs and reduce environmental impact.” Technological Advancements and Industry Context Silk Way West’s fleet is powered by GE Aerospace’s GEnx, GE90, and GE9X engines. The GE9X, exclusive to the Boeing 777X family, is recognized as the most fuel-efficient engine in its class. All GE Aerospace commercial engines are certified to operate on sustainable aviation fuel blends, reflecting the company’s commitment to environmental responsibility. The renewal coincides with a critical period for GE Aerospace, which recently reached a tentative agreement with the United Auto Workers union on September 12, 2025, amid ongoing labor negotiations. This development underscores the company’s efforts to address workforce concerns during a time of significant industry transformation. Furthermore, GE Aerospace’s strategic partnership with BETA Technologies to advance hybrid electric aviation demonstrates a broader commitment to sustainable aviation technologies. These initiatives are likely to influence market dynamics, prompting competitors to enhance their own engine offerings in response to GE Aerospace’s technological progress. As Silk Way West Airlines continues to modernize its fleet and expand its global footprint, the extended partnership with GE Aerospace positions both companies to meet evolving industry demands and sustainability objectives.

Aero Contractors Highlights Enhanced MRO Capabilities at Aviation Africa Summit Aero Contractors, Nigeria’s oldest aviation company, emphasized its expanding role in Africa’s aviation maintenance sector at the recent Aviation Africa Summit and Exhibition held in Kigali, Rwanda. The event convened industry leaders, airlines, regulators, and Original Equipment Manufacturers (OEMs) from across the continent, providing a strategic platform for Aero to showcase its upgraded Maintenance, Repair, and Overhaul (MRO) capabilities. Showcasing Advanced Maintenance Services Engr. James Ominyi, head of Aero’s Approved Maintenance Organization (AMO) Division, reported strong interest from both regional and international operators. He noted that the company’s enhanced capabilities and ongoing facility upgrades are attracting significant attention from airlines seeking to reduce costs and turnaround times by conducting heavy maintenance checks within Africa. This development reflects a growing trend among carriers to localize maintenance operations, thereby improving efficiency and fostering regional expertise. Aero’s delegation to the summit included senior management figures such as Chief Financial Officer Charles Grant, Technical Director Engr. Emmanuel Adeyeye, General Manager Rotary Wing Engr. Garba Mouktar, and MRO Business Development Manager Adeyemi Adewojo. The company’s recent advancements have been supported by the Asset Management Corporation of Nigeria (AMCON), which continues to back Aero’s ambition to establish itself as a continental MRO hub. Based in Lagos, Aero’s MRO facility ranks among the most advanced in West and Central Africa. It offers comprehensive line and base maintenance services for Boeing 737 Classic and Next Generation aircraft, regional jets, and turboprops. The facility also provides helicopter maintenance for scheduled and unscheduled checks, including the AW139 and other rotary platforms. Additionally, Aero operates specialized workshops covering wheels and brakes, batteries, upholstery, structural repairs, and avionics. These workshops are currently undergoing upgrades to meet international standards in preparation for European Union Aviation Safety Agency (EASA) certification. The facility holds certification from the Nigerian Civil Aviation Authority (NCAA) and is recognized by international regulators in countries such as Ghana, Mongolia, and Senegal. This recognition underscores Aero’s compliance with global aviation maintenance standards and its commitment to quality and safety. Expanding Client Base and Market Challenges Aero’s MRO division serves a diverse clientele, including domestic and regional airlines such as PassionAir in Ghana, Transair in Senegal, and several Nigerian carriers. The company also provides line maintenance services for Royal Air Maroc and supports offshore oil and gas operators through its rotary-wing MRO capabilities, demonstrating a broad technical versatility. Despite these strengths, Aero faces significant challenges as it seeks to compete with established MRO providers in a rapidly growing market. The African MRO sector is projected to require over 21,000 technicians by 2044, raising questions about whether Aero’s enhanced capabilities will be sufficient to meet this increasing demand. Industry analysts suggest that competitors may respond by forming strategic partnerships or making substantial investments to bolster their own MRO offerings, as the continent’s aviation maintenance market approaches a critical inflection point. Reflecting on Aero’s legacy and future ambitions, CFO Charles Grant stated, “With over six decades of aviation heritage, Aero is building on its legacy to serve the next generation of African operators. Our upgraded MRO is a clear signal that Africa has the expertise and infrastructure to sustain its aviation industry locally, while saving costs, creating jobs, and retaining value on the continent.”

Hassana Investment Company and AviLease Establish Aircraft Leasing Joint Venture **Riyadh, Saudi Arabia** – Hassana Investment Company (Hassana) and AviLease, a global aircraft lessor and subsidiary of the Public Investment Fund (PIF), have announced the formation of a strategic joint venture (JV) focused on aircraft leasing. This partnership underscores the growing engagement of Saudi institutional investors in the aviation sector, supporting the expansion of domestic carrier fleets and aligning with the Kingdom’s National Aviation Strategy. Structure and Strategic Objectives Under the terms of the agreement, Hassana will hold a majority stake in the joint venture, while AviLease will contribute its technical expertise and operational capabilities as the aircraft service provider. The collaboration is designed to facilitate access to aviation financing for both local and international investors, thereby bolstering the development and performance of Saudi Arabia’s aviation infrastructure. The JV’s inaugural transaction involves the acquisition of a portfolio comprising ten new technology, fuel-efficient aircraft from AviLease. These aircraft are currently leased to Saudi-based airlines, reflecting the nation’s commitment to enhancing efficiency and sustainability within its rapidly evolving aviation sector. Hani Aljehani, Acting CEO and Chief Investment Officer of Hassana, emphasized the strategic nature of the partnership, stating, “This strategic partnership underscores our commitment to investing in resilient assets that generate sustainable, long-term cash flows supported by strong fundamentals. Through our collaboration with AviLease, we aim to strengthen our exposure to the aviation leasing sector while advancing the Kingdom’s broader aviation aspirations. This initiative is fully aligned with our mandate to pursue compelling investment opportunities that contribute to the achievement of our portfolio objectives.” Edward O’Byrne, CEO of AviLease, highlighted the significance of the venture for the company’s growth, noting, “Partnering with Hassana reinforces our role as a PIF company delivering long-term value through best-in-class asset management and origination. The proposed joint venture is a foundational step in building a scalable platform that supports the growth of Saudi Arabia’s aviation ecosystem. We look forward to further developing this partnership through future transactions and expanding our footprint in the global aircraft leasing market.” Market Context and Challenges The joint venture enters a highly competitive aircraft leasing market, where managing financial risks, ensuring regulatory compliance, and maintaining investor confidence will be critical. The sector is witnessing intensified competition, exemplified by major players such as SMBC Aviation Capital, which recently acquired Air Lease Corporation, potentially increasing pressure on the new JV. Additionally, airlines may seek to leverage any operational disruptions as the venture establishes itself. Despite these challenges, the partnership between Hassana and AviLease represents a significant commitment to advancing Saudi Arabia’s aviation sector. By attracting broader investment into aviation financing, the joint venture is positioned to become a key player in the region’s evolving aviation landscape.