SR Technics launches its new brand STRADE

Swiss maintenance provider SR Technics has spun out its component support business into a separate entity under new branding, as part of a wider company restructuring. The new operation, branded “STRADE powered by SR Technics”, will operate as an independent unit inside the Group. STRADE provides component sale, lease, loan and exchange services on all major aircraft platforms. It will benefit from SR Technics’ legacy in aircraft know-how and product reliability to offer 24/7 quality rotable services to customers worldwide. “We respond to a clear market demand for a more flexible and dynamic approach to component support,” said Stephen Fer, General Manager of STRADE.

Volocopter working towards FAA approval of Volo City eVTOL

Volocopter, the German air taxi start-up, announced last week that the FAA has positively accepted their application for concurrent Type Certificate validation on 22 December 2020. This sets the basis for Volocopter to bring their electric air taxi services to the American market. Volocopter is the first and only electric vertical take-off and landing (eVTOL) company in the world with Design Organization Approval (DOA), the license to develop and build certified aircraft, from the EASA. The company is currently in the process of receiving EASA Type Certification for their VoloCity aircraft.

Volocopter boasts ten years of full-scale aircraft testing experience, substantial international partnerships and investors, and an electric air taxi design fit for intra-city transport and certification. Compared to other eVTOL players in the UAM industry, Volocopter is focused on promoting 100% electric mobility within congested cities. In 2011, Volocopter performed the first-ever manned flight of a purely electric multicopter and has since completed well over 1000 test flights, including numerous public flights with its full-scale aircraft. The most notable have been the public test flights at Singapore’s Marina Bay in October 2019 and the world’s first autonomous eVTOL flight in Dubai 2017.

Liquid hydrogen

Arena Aviation Capital announced that the company engaged in a partnership agreement with AeroDelft to support the team in developing the world’s first liquid hydrogen-powered aircraft, also known as Project Phoenix. According to AeroDelft’s ambitious timeline, a full-scale gaseous hydrogen-powered aircraft is set to fly in 2022, followed by its liquid hydrogen successor in 2024. If successful, the project would be a huge step towards hydrogen-powered commercial flight. Under the partnership, Arena Aviation Capital will not only support AeroDelft financially, but will also collaborate on some of the technical and business aspects of the project, while providing access to its extensive network in the aviation industry.

Arena Aviation Capital expects that other players in the aviation finance industry will follow their example in pursuing sustainability, by investing in projects and initiatives such as Project Phoenix.

Wheels up acquires Mountain Aviation

US charter company Wheels Up announced the acquisition of Mountain Aviation, the largest and growing Part 135-operated Citation X fleet in the United States, with bases in Denver, Teterboro, and Southern California. Wheels Up will add 59 total aircraft, most of which are Citation X aircraft, to its fleet and also plans to further expand the Citation X fleet in 2021. Mountain Aviation's wholesale business will continue to operate independently. Gregg Fahrenbruch will take on the new title of Senior Vice President, Operations Strategy and will continue to run the Mountain Aviation business together with the Mountain Aviation leadership team. Mountain Aviation's team of approximately 300 employees will continue to operate out of its current locations in Broomfield, CO and its additional locations in Colorado, Teterboro, NJ, Anchorage, AK and Thermal, CA.

People: Appointments of business development and commercial executives at SR Technics

SR Technics, a world leading MRO service provider in the civil aviation industry, is pleased to announce new appointments of top business development and commercial executives, reporting directly to the Senior Vice President Caroline Vandedrinck.

David Settergren (pictured on the left) started with SR Technics as Vice President Asia mid November 2020. A seasoned aviation professional, Mr. Settergren has over 25 years of experience in the Asia Pacific/Oceania region and had demonstrated success in both commercial and business jet sectors. While honing his expertise in areas like marketing, sales, contract negotiation, business development and customer management, he held a range of posts at GE Aviation, GECAS, AerSale Inc. and Global Jet Capital before founding and serving as CEO of DS Aviation Consulting.

Jay Aiken commenced his duties as Vice President Americas in January 2021, brings 30 years of experience in aircraft and engine aftermarket commercial MRO sales, leasing and maintenance. Before joining SR Technics, he held numerous roles of increasing responsibilities with Aero Capital Solutions, where he was responsible for sales and leasing in the Americas, and StandardAero, where he led the Americas engine MRO sales team. Prior to that, he held a range of posts at Delta Airlines including TechOps MRO sales, maintenance supervision, project management, flight operations and supply chain.

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