Safran Exceeds First-Quarter Jet Engine Revenue Estimates, Affirms Outlook

Boeing and Airbus Sell More Than Jets: The Cockpit Experience Airlines invest billions in advanced technologies such as winglets, lightweight carbon-fiber wings, and ultra-efficient engines to enhance fuel efficiency and aerodynamics. However, the most significant financial considerations influencing fleet decisions often lie within the cockpit. Beyond the physical aircraft, airlines place considerable emphasis on cockpit design because the flight deck interface can substantially reduce pilot training costs and improve staffing flexibility, frequently outweighing minor differences in fuel consumption. The Cost and Complexity of Pilot Training Pilot training represents one of the largest fixed expenses for major carriers. Introducing a new aircraft type entails substantial investments in simulator leases, classroom instruction, and practical flight training. Obtaining a new type rating is a rigorous process, typically requiring eight to eleven weeks of dedicated study and simulator time. High-fidelity simulators, which can cost hundreds of dollars per hour to operate, contribute significantly to these expenses. Additionally, the salaries of pilots who are temporarily removed from active duty during training further increase costs. Compounding these challenges, approximately 60% of pilots fail simulator training at major airlines, resulting in lost investments and operational disruptions. Cockpit Commonality as a Strategic Advantage Given these factors, cockpit commonality has emerged as a critical competitive arena for aircraft manufacturers. Boeing and Airbus strive to design flight decks that maintain consistent functionality and feel across different models, whether narrowbody or widebody. This approach enables airlines to consolidate type rating programs, reducing the need for separate pilot pools and fostering a more flexible, cross-functional workforce. Consequently, the cockpit interface serves as a powerful tool for customer retention, as pilots represent the largest source of both expenditure and operational risk for airlines. Challenges and Market Outlook Expanding cockpit commonality offerings presents notable challenges. Boeing, for instance, faces financial constraints and requires several more years to strengthen its balance sheet before launching a new jet program. Meanwhile, airlines remain focused on fulfilling existing fleet orders rather than investing in new models. Airbus plans to introduce a next-generation single-aisle aircraft around 2030, but market reactions remain uncertain as many carriers prioritize current deliveries over future innovations. As both manufacturers look ahead, competition in the narrow-body market is expected to intensify. Airlines will continue to balance the operational and financial advantages of cockpit commonality against their budgetary constraints and delivery schedules. While the battle for market share unfolds in the skies, the decisive factors shaping airline profitability are determined in simulator bays—where training timelines, staffing flexibility, and cockpit design converge long before the first passenger boards.

Liability Issues in Aviation AI Panel Discussion at the 13th Air Law Conference In June 2026, Clifford Law Offices Partner Tracy A. Brammeier participated as a panelist at the 13th Air Law Conference held in Rome, Italy. The event, organized by Pierallini Studio Legale in collaboration with the Institute of Air and Space Law at McGill University, LUISS University, and the Italian Civil Aviation Authority (ENAC), is a leading international forum dedicated to the evolving challenges in aviation law. Brammeier contributed to the session titled “Focus on Artificial Intelligence in Aviation: Regulation, Operations and Liability,” which explored the transformative impact of artificial intelligence on aviation, particularly in regulatory frameworks, operational practices, and liability concerns. Challenges of AI Integration in Aviation The panel addressed the increasing integration of AI technologies within aviation systems and the complex legal challenges that arise as a result. A central issue discussed was the difficulty in assigning accountability when AI systems err or contribute to accidents. Brammeier highlighted the utility of AI as a tool for legal practitioners, noting its ability to organize extensive records, construct timelines, summarize deposition transcripts, compare document versions, and assist in compliance reviews. However, she cautioned that AI does not provide definitive answers and cannot replace the nuanced judgment required in legal analysis. Drawing on her extensive experience in aviation litigation, Brammeier referenced her role as court-appointed Liaison Counsel for plaintiffs in the litigation following the 2019 Ethiopian Airlines Flight 302 crash, as well as her involvement in cases related to Malaysian Airlines Flight 370, Colgan Air Flight 3407, and the January 2025 crash of American Eagle Flight 5342 in Washington, D.C. Her insights underscored the critical balance between leveraging AI’s capabilities and maintaining rigorous human oversight in legal proceedings. Regulatory and Industry Implications The panel further examined the broader implications of AI’s rapid advancement in aviation, noting that technological progress often outpaces the development of regulatory safeguards. This regulatory lag complicates the establishment of clear liability frameworks, raising pressing questions about responsibility when AI-driven systems malfunction. In response, aviation industry competitors are investing in enhanced safety protocols and transparent AI governance structures. Concurrently, some stakeholders are advocating for regulatory measures that explicitly define liability boundaries to address these emerging challenges. Market reactions have mirrored these concerns, with investors and customers exhibiting increased scrutiny and skepticism toward AI-driven aviation technologies. This heightened vigilance underscores the urgent need for transparent safety measures and accountability mechanisms. As artificial intelligence continues to reshape the aviation sector, sustained dialogue among legal experts, regulators, and industry leaders remains vital to uphold safety, accountability, and public trust alongside ongoing technological innovation.

Farnborough Day Three Deals Total $5.2 Billion, Led by Airbus Orders On the third day of the Farnborough International Airshow, announced deals reached a total value of $5.2 billion (£3.8 billion) at list prices, driven predominantly by firm orders for 35 Airbus aircraft. This strong performance by the European manufacturer highlights its prominent position at the event. According to the ADS Group, these agreements are estimated to contribute approximately $1 billion (£765 million) to the UK aerospace sector, underscoring the domestic industry's significant involvement. Market Activity and Competitive Dynamics The third day’s transactions followed two particularly active opening days, with the first three days collectively generating deals valued at $84.4 billion (£62.7 billion), including $14.6 billion (£10.8 billion) linked to UK content. These figures, compiled by ADS Group—the UK trade association for aerospace, defence, security, and space—are based on publicly announced aircraft and engine orders and calculated using an exchange rate of £0.743 to $1. It is important to recognize that list prices often exceed actual transaction values, as commercial aircraft sales typically involve confidential discounts. While Airbus dominated Day Three, the competitive environment remains fluid. Boeing, currently under scrutiny for production and delivery challenges with its early 777-9 models—sometimes referred to as the "terrible teens"—faces potential impacts on market confidence. In response, Boeing, alongside competitors such as Embraer, is actively pursuing new orders to strengthen its market position. During the show, Boeing secured contracts with AerCap, Luxair, MSC Air Cargo, and Uganda Airlines, reflecting ongoing rivalry within the commercial aircraft sector. Shifting Strategies Among Airlines and Manufacturers Market reactions to the evolving landscape have been varied. Some airlines are reaffirming their commitments to Airbus, while others are exploring opportunities in regional markets through partnerships with manufacturers like ATR and Embraer. This dynamic underscores the strategic adjustments being made by major industry players as they compete for market share amid changing airline priorities and broader market uncertainties. Farnborough International Limited, the event organizer wholly owned by ADS, continues to serve as a focal point for industry developments. As the airshow progresses, attention remains fixed on how manufacturers will navigate the challenges posed by competitive pressures and shifting market conditions.

Compensation of Air Force One Pilots and Major Airline Captains Military Pay Structure for Air Force One Pilots Pilots operating the United States Air Force’s VC-46A and VC-25B aircraft, commonly known as Air Force One, are highly trained commissioned officers assigned to the 89th Airlift Wing. Their salaries adhere strictly to the standard military pay scales, with no additional compensation specifically for piloting the President’s aircraft. Pay is determined by rank and years of service, consistent with other branches such as the Army, Coast Guard, and Space Force. Despite the prestige and immense responsibility associated with flying Air Force One, the Air Force has limited capacity to offer special pay incentives. For example, a Lieutenant Colonel (O-5) with less than two years of service earns a base monthly salary of $7,295, which increases to $9,250 after six years. Colonels (O-6) receive between $8,751 and $10,284 per month depending on their tenure. Typically, Air Force One pilots have significantly longer service records, with Lieutenant Colonels often serving 15 to 17 years and Colonels 21 to 24 years, resulting in higher actual earnings. When accounting for base pay, Basic Allowance for Housing (BAH), Aviation Retention Bonuses, and other benefits, a Lieutenant Colonel piloting VC-46 aircraft in 2026 can expect total annual compensation ranging from $200,000 to $250,000. Colonels may earn between $235,000 and $285,000 annually. These figures reflect the Air Force’s efforts to remain competitive with commercial airlines, which frequently attract experienced pilots with higher salaries and more favorable work-life balance. Retention bonuses are one of the military’s tools to address this challenge, though their effectiveness is limited given that commercial airlines offer similar incentives. Comparison with Major Airline Captains In comparison to their civilian counterparts, Air Force One pilots’ compensation remains competitive. Data from Yahoo Finance indicates that airline pilots, copilots, and flight engineers rank among the highest-paid professionals in the United States outside of the healthcare sector, with an average salary of approximately $288,650. While major airline captains command substantial salaries, their total compensation generally does not surpass that of Air Force One pilots when military benefits and bonuses are included. The specialized nature of the Air Force One role, combined with stringent security requirements, further enhances the value of these pilots’ compensation packages. This is particularly true for those who transition to high-security aviation roles following military retirement, where their experience commands a premium. Challenges in Pilot Recruitment and Retention The disparity in pay and benefits underscores ongoing challenges faced by both the military and commercial airlines in attracting and retaining elite pilots. Differences in compensation and work conditions significantly influence career choices and market dynamics. As demand for skilled pilots continues to rise, both sectors must navigate these competitive pressures to maintain a cadre of highly qualified aviators capable of meeting their respective operational demands.

Farnborough Airshow Day 3: Airbus Dominates Commercial Orders Amid Industry Evolution The third day of the Farnborough Airshow unfolded under warm and humid conditions, with Airbus emerging as the sole recipient of new commercial aircraft orders. This development highlights a significant shift in the aerospace sector, as the event’s traditional emphasis on commercial jetliner sales gives way to growing interest in defense, regional aviation, and cutting-edge technologies. Airbus Secures Key Commercial Deals The most substantial commercial order of the day was placed by Saudi Arabia’s low-cost carrier flynas, which confirmed firm commitments for 20 additional A321neos alongside five A330-900 widebody aircraft. This transaction represents the first—and only—order for the A330-900 variant at this year’s show. The Saudi delegation conducted a private signing ceremony at the Airbus chalet, eschewing media coverage. These new orders convert previously held purchase rights, increasing flynas’s total A330-900 commitment to 20 aircraft and bringing its overall A320neo family orders to 215. Operating a fleet of 67 aircraft across six Saudi bases, flynas intends to deploy the new jets to support its ongoing expansion strategy, including potential new routes to Syria as commercial air travel resumes in the region. In addition, Airbus secured a fresh customer for its A220 model when BermudAir confirmed an order for 10 A220-300 aircraft, with options for an additional 10. This order, previously undisclosed and once attributed to Odessey for the smaller A220-100 variant, underscores Airbus’s growing footprint in the regional jet market. Broader Industry Trends and Leasing Activity While Airbus led the day in commercial aircraft orders, the broader airshow atmosphere reflected a marked shift in industry priorities. Market sentiment increasingly favors defense and security sectors, with heightened demand for drones, artificial intelligence systems, and advanced weaponry. This evolving focus has somewhat eclipsed the longstanding Airbus-Boeing rivalry in commercial aviation, although Boeing continued to secure notable deals. Among these, Vietnam Airlines arranged leases for 10 Boeing 737 MAX 8 aircraft from SMBC and an additional eight from Avolon. Leasing activity remained vigorous, with China Aircraft Leasing Company (CALC) placing seven A321neos with Turkish Airlines, and Aviation Capital Group signing lease agreements for seven Boeing 737 MAX 10s with Japan’s Skymark Airlines. On the propulsion front, CFM International received a memorandum of understanding from FlyOne Armenia to supply engines for two A321neos. Rolls-Royce also secured contracts to power two Boeing 787s for Somon Air and signed an MoU with Philippine Airlines for its XWB-97 engines to equip nine Airbus A350-1000s. Innovation and Sustainability in Regional Aviation Beyond headline commercial orders, the Farnborough Airshow has witnessed significant interest in regional aviation markets, particularly for twin-turboprop commuter aircraft and electric-powered planes. This trend reflects the industry’s broader commitment to innovation and sustainability, as manufacturers and operators seek to address environmental concerns and evolving market demands. To date, the airshow has generated firm orders, options, memoranda of understanding, purchase rights, and letters of intent totaling 434 aircraft, including 193 previously undisclosed commitments. As the aerospace sector adapts to emerging security challenges and technological advancements, the evolving focus of the Farnborough Airshow signals a transformative period in global aerospace priorities.

Air Seychelles to Expand Long-Haul Network with Leased Airbus A321XLRs Air Seychelles has taken a decisive step towards expanding its long-haul operations by signing a lease agreement for two Airbus A321XLR aircraft. The deal, concluded with SMBC Aviation Capital during the Farnborough International Airshow, marks a pivotal moment in the national carrier’s growth strategy. The new aircraft are scheduled for delivery beginning in 2028, a development underscored by the presence of Seychelles’ transport minister, Veronique Laporte, alongside senior airline officials at the signing ceremony. Enhancing Connectivity with Extended-Range Aircraft The Airbus A321XLR, Airbus’s latest extended-range narrow-body model, boasts a maximum range of approximately 4,700 nautical miles and can accommodate up to 244 passengers. This enhanced capability will enable Air Seychelles to inaugurate non-stop services to major international hubs such as London Heathrow, Paris Charles de Gaulle, and Perth, Australia—destinations previously beyond the airline’s operational scope. Currently, Air Seychelles operates a modest fleet comprising two Airbus A320neos and five De Havilland Canada DHC-6-400 Twin Otters, none of which are suited for true long-haul flights. Although the airline has historically operated wide-body aircraft like the Boeing 767 and Airbus A330, its present fleet limits it to mid-range routes. The introduction of the A321XLRs is therefore expected to significantly broaden the airline’s reach. Strategic Implications and Market Impact The acquisition aligns with Seychelles’ broader economic goals, particularly its reliance on tourism. By improving direct connectivity to key source markets in Europe, India, and the Middle East, Air Seychelles aims to bolster the country’s appeal as a global travel destination. Sandy Benoiton, CEO of Air Seychelles, emphasized the strategic importance of the agreement, stating that the new aircraft will provide the range and flexibility necessary to extend the airline’s network beyond its traditional regional footprint. Industry analysts have responded positively to the announcement, highlighting the potential for increased tourism and business travel. However, the expansion is not without risks. Operational challenges such as potential delays in aircraft delivery, fluctuating leasing costs, and uncertain passenger demand on new long-haul routes could affect the airline’s growth trajectory and profitability. While competitor reactions remain uncertain, the move may prompt other regional carriers to reconsider their long-haul strategies in order to remain competitive within the Indian Ocean market. Looking Ahead: A Milestone for Air Seychelles The lease agreement coincides with Air Seychelles’ preparations to celebrate its 50th anniversary in 2027. Benoiton underscored the broader significance of the deal, highlighting the airline’s commitment to delivering a modern travel experience characterized by enhanced comfort, improved efficiency, and adherence to international standards. He framed the acquisition as a reflection of the airline’s dedication to responsible growth, stronger global connectivity, and long-term value creation for both the people and economy of Seychelles. Barry Flannery, chief commercial officer of SMBC Aviation Capital, expressed confidence in Air Seychelles’ growth strategy, noting the critical role the A321XLR will play in extending the airline’s operational reach. With the introduction of the Airbus A321XLRs, Air Seychelles is positioned to transform its network and reinforce Seychelles’ status as a globally connected island destination.

Lycoming Extends Overhaul Interval to 2,600 Hours for Multiple Piston Engines Lycoming Engines has announced a substantial increase in the recommended time between overhauls (TBO) for a broad range of its piston aircraft engines. The company has raised the base TBO for most factory-new and rebuilt fixed-wing models from 2,200 to 2,600 hours, representing a 400-hour extension. This adjustment aims to reduce operating costs and enhance aircraft availability by allowing engines to remain in service longer before undergoing major maintenance. Scope and Eligibility of the New TBO The revised 2,600-hour TBO applies to several of Lycoming’s most widely used engine families, including the O-320, IO-320, O-360, IO-360, IO-390, O-540, and IO-540 series. However, eligibility depends on the specific engine model as well as its maintenance and operational history. Operators are required to continue following Lycoming’s technical publications and comply with all Federal Aviation Administration (FAA) airworthiness standards. Jim Wright, senior vice president of Lycoming Engines, emphasized that the updated TBO schedule reflects the company’s commitment to delivering maximum value, reliability, and performance to aircraft owners, operators, and maintenance providers. He noted that the extension is grounded in decades of engineering expertise combined with the latest fleet data analysis. It is important to note that the 2,600-hour interval does not apply universally across all Lycoming engines. Certain turbocharged, high-speed, and higher-horsepower models remain excluded from this extension. Operators are advised to verify the eligibility of their specific engines through authorized Lycoming distributors to ensure compliance. Industry Context and Implications Lycoming’s decision to extend overhaul intervals comes amid increasing competition in the piston engine market and shifting operator requirements. The move is expected to undergo regulatory review and will require acceptance from both aviation authorities and the broader market. Industry analysts anticipate that competitors may respond with similar TBO adjustments or alternative measures to maintain their market positions. This change is also likely to impact operators’ strategies for spare engine availability. Recent developments, such as BeauTech’s new decade-long agreement for spare engines, highlight the critical role of long-term planning in fleet management. With engines now able to remain in service for longer periods, operators may reconsider their approaches to spare engine inventories and maintenance scheduling. Lycoming’s extension of the TBO signals a broader industry trend toward maximizing engine lifecycle value. It may also stimulate further innovation and competitive responses within the piston engine sector as manufacturers seek to balance performance, reliability, and cost-efficiency.

Flynas Expands Fleet with 25 Additional Airbus Aircraft, Total Firm Orders Reach 235 Saudi Arabian low-cost carrier Flynas has confirmed an order for 25 more Airbus aircraft, reinforcing its strategic expansion within the rapidly evolving Middle Eastern aviation sector. This latest acquisition increases Flynas’ total firm orders with Airbus to 235 aircraft, underscoring the airline’s commitment to growth aligned with Saudi Arabia’s broader objectives of tourism development and economic diversification. Composition of the New Order The agreement comprises five Airbus A330-900 widebody jets alongside 20 A321neo narrowbody aircraft. This order elevates Flynas’ total commitment to the A330neo model to 20 units, while its A321neo order book now stands at 56 aircraft. Currently, Flynas operates a fleet of 67 Airbus planes, including two A330-300s, four A320ceos, and 61 A320neos, reflecting a strong preference for Airbus products in its operational strategy. Strategic Implications and Market Dynamics Flynas’ fleet expansion occurs amid a broader surge in aircraft acquisitions by Saudi carriers, driven by the kingdom’s ambition to increase passenger traffic and enhance global connectivity. Notably, Riyadh Air recently placed an order for 34 widebody aircraft from both Airbus and Boeing, intensifying competition within the region’s aviation market. The addition of these 25 Airbus jets positions Flynas to strengthen its competitive stance against regional rivals such as Riyadh Air and Scandinavian Airlines (SAS). Nevertheless, the airline’s aggressive growth trajectory may encounter challenges, including potential supply chain constraints, escalating production costs, and heightened competition from both regional and international carriers. Industry Response and Future Outlook The significant influx of orders from Saudi airlines is expected to prompt strategic responses from major aircraft manufacturers. Airbus and Boeing are likely to increase production capacity, offer competitive pricing structures, and introduce advanced technological features to secure and expand their market shares amid rising demand. As Saudi Arabia continues to emerge as one of the fastest-growing aviation markets globally, Flynas’ expanded fleet exemplifies the kingdom’s dedication to transforming its aviation industry in support of its Vision 2030 economic reform agenda.

Embraer Expands Innovation Partnership with the UK Brazilian aerospace manufacturer Embraer has formalized an expanded collaboration with the United Kingdom through a newly signed Memorandum of Understanding (MoU) with the UK Department for Business, Innovation, Science and Trade (BIST). The agreement, announced at the Farnborough International Airshow, aims to deepen Embraer’s longstanding engagement with the UK aerospace sector by enhancing cooperation in research and development, innovation, aviation capabilities, and supply chain development. This initiative builds upon Embraer’s more than 45 years of operational presence and partnership within the UK. Strengthening Longstanding Ties Embraer’s relationship with the UK has historically encompassed the supply of both commercial and defence aircraft, alongside collaborative research and development projects with British suppliers. The company’s existing partnership with UK Export Finance (UKEF) has already contributed to a significant increase in the number of UK-based suppliers involved in Embraer’s operations, nearly doubling the volume of business conducted with these partners. The new MoU with BIST establishes a structured framework for ongoing engagement between Embraer and key UK stakeholders. Its primary objective is to identify and cultivate new opportunities in innovation, engineering, and supply chain partnerships, while supporting projects that generate economic value for both parties. Francisco Gomes Neto, president and CEO of Embraer, emphasized the strategic importance of the UK to the company’s global ambitions. He stated, “The United Kingdom is a strategic partner for Embraer, and we see significant opportunities to deepen our collaboration in innovation, technology and industrial development. We share a common vision of aviation as a driver of economic growth, technological advancement and connectivity. Building on the work we’ve been developing with the UKEF, this MoU marks an important step in further expanding our partnership and supporting sustainable growth across the global aerospace sector.” Jonathan Reynolds, the UK’s trade secretary for business, innovation and science, also welcomed the agreement, highlighting its potential to foster economic growth across the country. He remarked, “The UK needs better growth in every postcode, and for business and government to work in partnership to raise living standards. This agreement is a strong vote of confidence in the UK’s world-leading aerospace sector and builds on our longstanding partnership with Embraer. By strengthening collaboration on innovation, engineering and supply chains, we can create new opportunities, support high-skilled jobs, and drive growth in communities across the UK.” Navigating Challenges Ahead Despite the promising outlook, Embraer’s expanded partnership with the UK faces several challenges. The company must navigate complex regulatory and compliance frameworks across multiple international markets, which could affect the speed and effectiveness of joint initiatives. Market responses have been mixed, with investors closely monitoring how the partnership will influence Embraer’s competitive positioning within the global aerospace industry. Additionally, competitors may respond by accelerating their own strategic alliances or investments to safeguard market share. The ultimate success of this partnership will depend on Embraer and its UK collaborators’ ability to overcome these obstacles and deliver measurable advancements in innovation and economic growth.

Florida Advances Electric Air Taxi Testing in Partnership with Eve Air Mobility Preparing for the Future of Advanced Air Mobility The Florida Department of Transportation (FDOT) has entered into a strategic partnership with Eve Air Mobility to advance the testing and integration of electric air taxis within the state. This collaboration leverages SunTrax Air, FDOT’s dedicated research and testing facility in Auburndale, Florida, to evaluate the infrastructure and operational frameworks necessary for electric vertical takeoff and landing (eVTOL) aircraft to become a functional component of Florida’s transportation network. eVTOL aircraft, which utilize electric propulsion to take off and land vertically, are widely regarded as a transformative solution for urban mobility challenges. Despite their potential, the widespread adoption of eVTOLs faces significant obstacles, including regulatory approval, infrastructure development, and safety assurance. The U.S. Federal Aviation Administration (FAA) is currently conducting a pilot program aimed at certifying eVTOL aircraft for commercial operations. However, real-world testing and the seamless integration of these vehicles into existing transportation systems remain critical challenges. Assessing Operational and Infrastructure Readiness The partnership between FDOT and Eve Air Mobility will focus on a comprehensive assessment of several key factors. These include operational feasibility, infrastructure readiness, airspace navigation, passenger experience, and adherence to safety and regulatory standards. Johann Bordais, CEO of Eve Air Mobility, emphasized Florida’s strategic position in shaping the future of advanced air mobility, noting the state’s proactive efforts to build the necessary ecosystem to support this emerging technology. Eve Air Mobility, supported by the aircraft manufacturer Embraer, is not only developing eVTOL aircraft but also advancing support services and air traffic management technologies essential for the sector’s growth. Addressing the critical infrastructure component, Eve Air Mobility has also formed a partnership with Hitachi Energy to develop electric charging and landing facilities tailored to eVTOL operations. This collaboration highlights the importance of establishing a robust support network to facilitate the widespread deployment of electric air taxis. Industry Context and Florida’s Role The competitive landscape for electric air taxis is intensifying, with companies such as Joby Aviation and Wisk Aero accelerating their efforts to obtain FAA certification and capture market share. The industry is also navigating complex legal disputes concerning safety standards, underscoring the high stakes involved in bringing eVTOL technology to commercial viability. FDOT Secretary Jared Perdue underscored the significance of SunTrax as a critical asset in supporting research and testing initiatives aimed at safely integrating eVTOL aircraft into Florida’s transportation system. The announcement of this partnership at the Farnborough International Airshow in the United Kingdom signals Florida’s commitment to positioning itself at the forefront of the advanced air mobility industry.