Source: SITA Patrik Svensson Gillstedt joins SITA as the company continues to help drive the growth and digital transformation of the air transport industry SITA, the leading IT provider to the air transport industry, has announced the appointment of Patrik Svensson Gillstedt as Senior Vice President of Strategy and Growth Enablement. Patrik will oversee SITA’s strategy for growth, as the company continues to help the air transport industry’s return to the skies, supported by the ongoing digital transformation of the industry’s travel processes. His responsibilities include driving SITA’s corporate growth strategy, value proposition, brand development, and innovation and ESG activities. He comes to his new role with over 19 years of consulting and corporate experience gained in a variety of [...]

Source: H55 Collaboration Enabling Vmo and H55 to Pursue Fast-growing Business Opportunities in Clean Aviation Technologies Vmo Aircraft Leasing ("Vmo") and H55, an innovator in the field of electric propulsion technology for aviation, announced against the backdrop of the Revolution.Aero Dublin 2023 conference their commitment to working together to develop leasing solutions for new clean aviation products. As part of the envisaged collaboration, teams from both companies are engaged in providing leasing programs targeted to support the nascent market for financing electric aircraft, battery storage energy and management systems. Vmo and H55 share the same vision: reducing the air transport industry's environmental footprint and enabling it to reach net zero emissions by 2050. Vmo provides liquidity and fleet solutions to airlines, [...]

Source: Rolls-Royce Rolls-Royce (LSE: RR., ADR: RYCEY) today announces changes to the Board and Executive Team, adding leaders with proven track records of delivering success and a strong commitment to creating a high-performing, competitive, resilient and growing business. This follows the launch by Chief Executive Tufan Erginbilgic, on 23 February 2023, of a transformation programme requiring a winning culture and shared determination to deliver sustainable earnings growth and cash generation. The changes announced today include the addition to senior leadership of extensive multinational experience in finance and performance management, and the appointment of presidents with substantial industry experience in both Civil Aerospace and Defence. Helen McCabe will be joining the Board of Rolls-Royce later this year as Chief Financial Officer, [...]

Source: Pratt & Whitney Pratt & Whitney, a Raytheon Technologies business, tannounced its plans to invest $255 million through 2028 in a world-class sustainment facility in Oklahoma City, Okla. The new 845,000-square-foot facility will act as a hub for depot operations for all Pratt & Whitney military engines, including those for the F-35, C-17, F-22, F-15, F-16, B-52, and E-3 AWACS. "This is an exciting announcement for Oklahoma and our growing international dominance in the aerospace and defense industry," said Oklahoma Governor Kevin Stitt. "This $255 million investment in a world-class sustainment center helps strengthen Oklahoma's position as the MRO capital of the world and I am thrilled for Pratt & Whitney to continue to invest and expand in our [...]