GoProto, Inc. awarded ITAR Certification

Jan 30, 2018

GoProto, Inc. awarded ITAR Certification

SAN DIEGO, Jan. 30, 2018 (GLOBE NEWSWIRE) — GoProto, Inc., an innovation and quality-focused Rapid Prototyping and Custom Manufacturing company out of San Diego announces that it has received International Traffic in Arms Regulations (ITAR) certification. ITAR is a set of United States government regulations that control the export and import of defense-related articles and services on the United States munitions list. This certification enables GoProto to manufacture products and take on projects that are marked to be under ITAR control.

“We have immersed ourselves in the metrology and quality control of the latest additive manufacturing processes, such as HP’s Multi Jet Fusion, explained Tony Moran, CEO of GoProto.  “This new technology, along with Multi-Material Fused Deposition Modeling and the more traditional SLA processes are ideally suited for custom manufacturing in the Aerospace and Defense sector.  The increases in strength & precision and reduction in lead time are making legacy processes like SLS a thing of the past.”

Jesse Lea, President, continues: “Our deep focus on these technologies has created un-matched expertise, allowing us to develop strong partnerships across diverse industries and deliver the highest quality prototype and short-run production parts.

The completion of ITAR certification has opened numerous channels for GoProto, expanding production capability into government, military & aerospace projects.  Lea adds, “ITAR certification increases our ability to better serve our customers, building on our broad technology and industry base to truly be a one-stop shop that companies are continually seeking”.

About GoProto, Inc.

GoProto is a technology-enabled company that uses advanced 3D printing, CNC machining and injection molding technologies to produce prototypes and production parts within days. The result is an unprecedented speed-to-market value for designers and engineers and an on-demand resource throughout a product’s life cycle.

ITAR-related products are manufactured in GoProto’s new state-of-the-art facility in San Diego, California. GoProto will be exhibiting at Solidworks World and the MDM West Show in Southern California in early February. For more information or to schedule an appointment, contact GoProto at 888.467.7686. Send files and/or questions to, or visit our website at

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Sciaky Posts Record December with the Sale of Four EBAM® Metal 3D Printing Systems

Jan 29, 2018

Sciaky Posts Record December with the Sale of Four EBAM® Metal 3D Printing Systems

CHICAGO, Jan. 29, 2018 (GLOBE NEWSWIRE) — Sciaky, Inc., a subsidiary of Phillips Service Industries, Inc. (PSI) and leading provider of metal additive manufacturing (AM) solutions, announced today that it has posted record machine sales in the month of December with the sale of four state-of-the-art Electron Beam Additive Manufacturing (EBAM®) systems. The buyers will use the machines to 3D print titanium structures for aerospace applications, as well as to produce large parts for ground-based military vehicles, and warships. Three of the four machines will be the popular EBAM 110 model. The fourth machine will be an EBAM 150 model, which has a nominal part envelope of 146” (3708 mm) x 62” (1575 mm) x 62” (1575 mm), allowing the customer to 3D print the industry’s largest metal parts in-house. All four systems will be delivered around mid-2018.    

“Sciaky is proud to deliver more best-in-class EBAM metal 3D printing systems to the marketplace, which will be leveraged in a wide range of land, sea, air and space applications,” said Scott Phillips, President & CEO of Sciaky, Inc. “Now, more than ever, manufacturers are looking for ways to reduce time and cost associated with producing large, high-value parts, and Sciaky EBAM systems have a proven track record of helping manufacturers achieve these business-critical goals.”

Bob Phillips, Sciaky’s Vice President of Marketing, added, “January is shaping up to be another great month for EBAM machine sales, and there will be more exciting industry news coming from Sciaky in the near future.”

As the most widely scalable, metal additive manufacturing solution in the industry (in terms of work envelope), Sciaky’s EBAM systems produce parts ranging from 8 inches (203 mm) to 19 feet (5.79 meters) in length. EBAM is also the fastest deposition process in the metal additive manufacturing market, with gross deposition rates up to 20 lbs. (9.07 kg) of metal per hour. EBAM brings quality and control together with IRISS® – the Interlayer Real-time Imaging and Sensing System, which is the only real-time monitoring and control system in the metal 3D printing market that can sense and digitally self-adjust metal deposition with precision and repeatability. This innovative closed-loop control is the primary reason that Sciaky’s EBAM 3D printing process delivers consistent part geometry, mechanical properties, microstructure, and metal chemistry, from the first part to the last.

For more information on Sciaky, visit You can also follow Sciaky on Twitter, Facebook, Google+, YouTube and LinkedIn.

About Sciaky, Inc.

Sciaky, Inc., a subsidiary of Phillips Service Industries, is a world leader in metal 3D printing solutions. Our exclusive Electron Beam Additive Manufacturing (EBAM®) process is the fastest, most cost-effective 3D printing process in the market for large-scale metal parts, allowing manufacturers to save significant time and money over traditional manufacturing and rapid prototyping processes. Sciaky also provides industry-leading electron beam (EB) and advanced arc welding systems, as well as the most robust EB job shop welding services in the world, for the aerospace, defense, automotive, healthcare and other manufacturing industries. Our welding equipment meets rigid military specifications to manufacture items such as airframes, landing gear, jet engines, guided missiles and vehicle parts.

About Phillips Service Industries, Inc.

Established in 1967, Phillips Service Industries, Inc. (PSI) is a privately held global manufacturing and services holding company, which oversees a diverse collection of innovative subsidiaries: Beaver Aerospace & Defense, Inc., Mountain Secure Systems, POWERTHRU, PSI Repair Services, Inc., PSI Semicon Services, and Sciaky, Inc. We serve a wide range of high-tech industries like aerospace, defense, automotive, alternative energy, healthcare, security and semiconductor. Our award-winning products and services help reduce costs and maximize efficiency for many Fortune 500 companies around the globe, as well as the U.S. Military. We push the boundaries of technology on critical programs like Homeland Security, Defense research and space exploration, delivering innovative solutions for land, sea, air and space. We’re PSI: Always innovating. Everywhere.™

Jay Hollingsworth
Public Relations Director
Phillips Service Industries (PSI)
(734) 853-5211

A photo accompanying this announcement is available at

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Acorn Energy Agrees to Sell DSIT Interest for $5.8M to Focus Resources on Growing its OmniMetrix Remote Monitoring and Control (IoT) Business

Jan 19, 2018

Acorn Energy Agrees to Sell DSIT Interest for .8M to Focus Resources on Growing its OmniMetrix Remote Monitoring and Control (IoT) Business

WILMINGTON, Del., Jan. 19, 2018 (GLOBE NEWSWIRE) — Acorn Energy, Inc. (OTCQB:ACFN), announced today that it has reached an agreement to sell its remaining 41.15% interest in DSIT Solutions Ltd. for $5.8 million, before fees and taxes, to an Israeli investor group. The sale of the DSIT stake represents one of the final steps in refocusing Acorn on the long-term growth potential of its OmniMetrix wireless remote monitoring and control services for gas pipelines and stand-by generators for cell towers, medical facilities, data centers, public transportation systems and other facilities. The transaction is expected to close within about 30 days, subject to specific closing conditions, including approval of the Israeli Antitrust Authority. 

DSIT Solutions provides underwater sonar and acoustic detection systems and is 50% owned by Israel-based Rafael Advanced Defense Systems Ltd. DSIT generated revenues of $17.9 million in the latest-twelve-month period ended September 30, 2017.

Acorn CEO Jan Loeb commented, “Concluding a two-year restructuring effort, we have executed an agreement to complete Acorn’s transformation from an undercapitalized, diversified holding company with negative operating cash flow, to a focused leader in the growing market for the remote monitoring and control of industrial assets with a solid balance sheet.

“Proceeds from the sale will be used to eliminate Acorn’s debt, satisfy liabilities and provide working capital. Following the transaction, we expect to have approximately $2 million of cash, which we believe is sufficient to fund the operations of Acorn and OmniMetrix for the foreseeable future. We plan to update our shareholders in greater detail on our financial positon and growth strategy following the closing of the DSIT sale.”

About Acorn (
Acorn Energy, Inc. is a holding company with investments in two portfolio companies:

OmniMetrix™, Inc. ( – is a leader and pioneer in machine-to-machine (M2M) and Internet of Things (IoT) wireless remote monitoring and control for stand-by generators, gas pipelines, cell towers, medical facilities, data centers, public transportation systems, and other critical equipment, including at federal, state and municipal government facilities. OmniMetrix is a proven solution for making critical systems more reliable with thousands of monitored assets and many Fortune 500 customers. Acorn has an 80% equity stake in OmniMetrix and consolidates its assets, liabilities and results of operations.

DSIT Solutions Ltd. ( – develops and produces sonar applications for defense, HLS, energy and commercial markets. DSIT employs a world-class multi-disciplinary professional team skilled in the latest sonar and real-time technologies. Products include: The Shield family of Diver Detection Sonars, Anti-Submarine Warfare and Hull Mounted Sonar systems, Portable Acoustic Ranges, Underwater Acoustic Signal Analysis applications and sonar simulators and trainers. Acorn has a 41.15% equity stake in DSIT that it accounts for under the equity method.

Safe Harbor Statement
This press release includes forward-looking statements, which are subject to risks and uncertainties. There is no assurance that Acorn will be successful in completing this transaction; growing its business; reaching profitability; or maximizing the value of its operating companies and other assets. A complete discussion of the risks and uncertainties, which may affect Acorn Energy’s business, including the businesses of its subsidiaries is included in “Risk Factors” in the Company’s most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.

Investor Relations Contacts:
William Jones, 267-987-2082
David Collins, 212-924-9800
Catalyst IR

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Bourbon Street or Bust! Spirit Airlines Adds New Service Between Atlantic City and New Orleans

Jan 18, 2018

Bourbon Street or Bust! Spirit Airlines Adds New Service Between Atlantic City and New Orleans

MIRAMAR, Fla., Jan. 18, 2018 (GLOBE NEWSWIRE) — Hey, Jersey! Is the Big Easy calling your name? Spirit Airlines (NYSE:SAVE) has you covered with new nonstop service connecting Atlantic City International Airport (ACY) to Louis Armstrong New Orleans International Airport (MSY). Beginning April 13, 2018, Spirit will operate 4 flights per week between the two popular vacation destinations. So if you’re ready for some live jazz, delicious Creole cuisine and a stroll down Bourbon Street, check out Spirit’s ultra-low fares on sale today.

“Spirit is proud of its strong history at Atlantic City International Airport, and we’re very excited to bring more ultra-low fares to the market,” said Mark Kopczak, Spirit Airlines’ Vice President of Network Planning. “With this new service to New Orleans, we know more travelers will take advantage of New Jersey’s most convenient airport, whether it’s a spontaneous trip with friends or the ultimate family vacation.”

Spirit Airlines has been providing nonstop flights and low fares from Southern New Jersey for more than 27 years at Atlantic City International Airport. From Atlantic City, Spirit currently operates 10 flights per day to 6 cities, including Fort Lauderdale, Fort Myers, Myrtle Beach, Orlando, Tampa, and West Palm Beach. On April 12, 2018, Spirit will also resume its daily seasonal service to Atlanta.

“We are excited Spirit Airlines is adding nonstop service between Atlantic City and New Orleans, a premier destination known for its culture, cuisine, jazz music, and Mardi Gras,” said Airport Director, Tim Kroll. “This year-round route is another result of the strong partnership between Spirit Airlines and the Atlantic City International Airport. Together, we are dedicated to promoting the convenience of our facility.”

In New Orleans, Spirit will begin seasonal nonstop service from Columbus, OH, beginning on March 22, 2018. Spirit also recently started service to New Orleans from Boston, Newark/New York, Tampa and Minneapolis-St. Paul. Spirit now operates 19 daily flights from New Orleans to 17 destinations.

“Spirit has been an outstanding partner to MSY, and we appreciate their confidence in the New Orleans market to launch their 17th nonstop route from our city,” said Kevin Dolliole, Director of Aviation for the New Orleans Aviation Board.  “Atlantic City has been unserved from MSY, and with today’s announcement, ACY marks our 57th nonstop destination.  It will now be easier than ever for New Jersey travelers to experience the unique culture of New Orleans with Spirit’s ultra-low fares.”

Guests can check out the crazy-low fares and vacation packages available to all of Spirit’s destinations at, where they can also sign up to receive alerts on Spirit’s email deals and offers.

About Spirit Airlines:
Spirit Airlines (NYSE:SAVE) is committed to offering the lowest total price to the places we fly, on average much lower than other airlines, on average more than 30% less*. Our customers start with an unbundled Bare Fare™ and get Frill Control™ which allows them to pay only for the options they choose – like bags, seat assignments and refreshments – the things other airlines bake right into their ticket prices. We help people save money and travel more often, create new jobs and stimulate business growth in the communities we serve. Our Fit Fleet is one of the youngest, most fuel-efficient in the U.S.  We operate more than 450 daily flights to 60 destinations in the U.S., Latin America and the Caribbean. Come save with us at

*U.S. Department of Transportation statistics

MEDIA NOTE:  Spirit aircraft photos and video b-roll are available in the press room section of at

CONTACT: Contact: Stephen Schuler

En Español: Manuel Jaquez

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Jan 17, 2018


Mexico City, Jan. 17, 2018 (GLOBE NEWSWIRE) — Aeromexico, Mexico’s global airline, celebrates its fifth anniversary operating the Mexico City-London route. In 2017 the carrier was recognized as the airline with the best on-time performance at the London Heathrow Airport for six months in a row, in addition to carrying more than 127,000 passengers during the year which represents a 19.88% increase over 2016.

For more than 60 years, Mexico’s global airline has positioned itself in the European market by serving different destinations such as Madrid, Paris, Amsterdam and London. Aeromexico currently serves these destinations by offering 35 flights with 17,800 seats per week.

For several years now, Mexico and the United Kingdom have maintained the strongest bilateral relationship in their history. The UK is the sixth largest trade partner in the Latin America region and the 18th largest trade partner worldwide. It is also the fourth nation in the European Union that most invests in Mexico, holding the sixth place worldwide. Having a bridge in the skies that facilitates the relationship between both countries was fundamental to consolidating these ties, and currently serves to create new investment opportunities.

Aeromexico’s service quality has also made it the customers’ airline of choice. In 2012 Aeromexico started serving the market with three nonstop flights per week. In May 2017 it added new frequencies to offer seven flights with more than 3,200 seats on the route per week, where it expects to increase its capacity by 7% this year.

London -Mexico City* AM 8 22:30 p.m. 4:20 a.m. (+1) Daily
Mexico City-London* AM 7 23:25 p.m. 15:55 a.m. (+1) Daily
*Times are published in local time and are subject to changes without notice.

Aeromexico operates the Mexico City-London route with its Boeing 787-8 Dreamliner, one of the most modern commercial aircraft in the skies with 243 passenger seats –32 in Clase Premier, Aeromexico’s Business Class cabin, featuring more space between seats, larger touch-sensitive windows, individual touchscreens and Sky Interiors LED lighting.

Thus, Aeromexico reaffirms its commitment to building bridges in the sky that not only increase connectivity but also promote commercial, tourist and cultural exchanges between Mexico and the world.


About Grupo Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries provide commercial aviation services and promote passenger loyalty programmes in Mexico. Aeromexico, Mexico’s global airline, offers more than 600 daily flights and operates its main hub out of Terminal 2 at the Mexico City International Airport. Its route network spans more than 90 cities on three continents including 43 in Mexico, 23 in the United States, 15 in Latin America, four in Canada, four in Europe and three in Asia.

Grupo Aeromexico’s fleet of 126 aircraft includes Boeing 787, 777 and 737 jet airliners and next generation Embraer 170 and 190 models. In 2012 the airline announced the most significant investment strategy in aviation history in Mexico, to purchase up to 100 Boeing aircraft including 90 MAX 737 airliners and 10 B787-9 Dreamliners.

As a founding member of the SkyTeam airline alliance, which is celebrating its 17th anniversary, Aeromexico offers customers more than 1,000 destinations in 177 countries served by the 20 SkyTeam airline partners rewarding passengers with benefits including access to 672 premium airport lounges around the world. Aeromexico also offers travel options with its codeshare partners Delta Air Lines, Alaska Airlines, Avianca, Copa Airlines and WestJet with extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru.



A photo accompanying this announcement is available at

CONTACT: Barbrha Ibañez

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Singapore Airlines to fly A380 with new cabins to London and Hong Kong

Jan 15, 2018

Singapore Airlines has today announced that London and Hong Kong will be the next destinations to be served by its newest Airbus A380 aircraft, featuring its recently unveiled new cabin products. The airline has always been seen as providing a high quality inflight service and these new cabins continue to offer incredible comfort and service for long haul flights.

Singapore Airlines food Roasted Chicken with RiceThe New A380 Schedule

Starting from the 16th February 2018, the aircraft will operate as SQ322 (Singapore-London) on Wednesdays, Fridays and Sundays. From the 17th February 2018 to the 5th April 2018, it will operate as SQ305 (London-Singapore). With effect from the 7th April 2018, the new aircraft are scheduled to operate as SQ317 (London-Singapore) on Mondays, Thursdays and Saturdays.

Singapore Airlines Nasi Lemak with Fried ChickenFrom the 18th February 2018 to the 6th April 2018, the new A380 aircraft will also be deployed on services to Hong Kong, operating on Tuesdays, Wednesdays, Fridays and Sundays as SQ860 (Singapore-Hong Kong) and SQ863 (Hong Kong-Singapore). With effect from the 8th April 2018, the aircraft are scheduled to operate on Tuesdays, Wednesdays, Fridays and Sundays as SQ856 (Singapore-Hong Kong) and SQ861 (Hong Kong-Singapore).

These new cabin products were publicly unveiled last year in November and debuted on the 18th December 2017 to Sydney following the delivery of the first of five new A380 aircraft from Airbus.

Singapore Airlines First Class Suites

In the Double Suites, the centre divider between rooms makes way for a luxurious double bed. At a touch, the mood lighting in these private bedrooms change to one of five settings. Or, you can individually finetune all 10 light sources from your control panel to suit the time of day or the activity. You can even save your personal settings through your KrisWorld account and they’ll even greet you automatically on your next flight.

Singapore Airlines A380 Single SuiteSingapore Airlines Airbus A380 SuiteSingapore Airlines Airbus A380 Suites

Singapore Airlines A380 Suite BathroomSingapore Airlines A380 Suite LavatoryThe new cabin products will initially be fitted to the five new A380 jets, following which retrofit work will commence on 14 aircraft that are already in service.

First Class Food

In First Class you’ll find bone china tableware from Wedgwood laid out on crisp linen on your personal dining table. This provides a supurb location to enjoy the sumptuous meal from the inflight menu. Or, you can get a main course crafted by the airline’s acclaimed International Culinary Panel of chefs from around the world.

Singapore Airlines First Class food Bak-kut-tehSingapore Airlines First Class food Lobster ThermidorSingapore Airlines First Class food Nut Crushed Veal FilletSingapore Airlines First Class food Prawn and Chicken LaksaThe new A380 cabin products seat up to 471 customers in four classes, with six in Suites, 78 in Business Class, 44 in Premium Economy Class and 343 in Economy Class.

New A380 Business Class Cabin Seats

Singapore Airlines new A380 Business Class seatSingapore Airlines Business Class seats make into a double bedNew Singapore Airlines Business Class seat

New A380 Business Class Food

Business Class food NarumiNew A380 Premium Economy Cabin

Singapore Airlines A380 Premium Economy Class SeatSingapore Airlines A380 Premium Economy Class Cabin Singapore Airlines A380 Economy Class

Singapore Airlines IFE KrisWorldSingapore Airlines latest Economy Class IFE on new A380Singapore Airlines Economy Class Seats on latest A380 fleetSingapore Airlines A380 new Economy Class seatsNew Singapore Airlines A380 Economy Class seats

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Kenya Airways starts ticket sales for its non-stop daily flight to New York

Jan 11, 2018

Kenya Airways starts ticket sales for its non-stop daily flight to New York

NAIROBI, Kenya, Jan. 11, 2018 (GLOBE NEWSWIRE) — Kenya Airways ( today marks a great milestone with the launch of a non-stop flight from Nairobi to New York. The national carrier starts selling today tickets for the inaugural flight which is scheduled for October 28th this year.

Copyright free broadcast-quality footage, pre-recorded interviews, shot list and dope sheet are available for media to download here:

Multimedia content:

Kenya Airways becomes the first airline to offer a non-stop flight between East Africa and the United States of America.

The airline already serves Africa, Europe, Middle-East, Indian sub-continent and Asia. The opening of the US destination completes an essential piece for Kenya Airways’ network, cementing its position as one of the leading African carriers.

“This is an exciting moment for us. It fits within our strategy to attract corporate and high-end tourism traffic from the world to Kenya and Africa. We are honored to contribute to the economic growth of Kenya and East Africa,” said Kenya Airways Group Managing Director and CEO Sebastian Mikosz.

With over 40 American multinationals located in Nairobi and many more across Africa, the launch of daily flights is expected to further spur trade between America and Africa.

Kenya Airways will offer its customers a unique travel experience between two great gateways. It will be the fastest connection from East Africa to New York, with a 15 hour duration eastbound and 14 hours westbound. The ultra-long-haul flight, unique to Kenya Airways network, will require 4 Pilots and 12 Flight attendants as well as 85 tons of fuel each way, making it an exceptional operation.

The airline will operate its state of the art Boeing 787 Dreamliner with a capacity of 234 passengers. The flight will depart every day from Jomo Kenyatta International Airport hub in Nairobi at 23:25 arriving at JFK airport in New York at 06:25 the following day. From New-York it will depart at 12:25 landing at JKIA at 10:55 the following day. Its duration will be 15 hours east bound and 14 hours west bound.

This convenient schedule will allow connections to and from over 40 African destinations through Kenya Airways hub in Nairobi.

Distributed by APO Group for Kenya Airways.

About Kenya Airways
Kenya Airways (, a member of the Sky Team Alliance, is a leading African airline flying to 51 destinations worldwide, 42 of which are in Africa and carries over three million passengers annually. It continues to modernize its fleet with its 32 aircrafts being some of the youngest in Africa. This includes its flagship B787 Dreamliner aircrafts. The on-board service is renowned and the lie-flat business class seat on the wide-body aircraft is consistently voted among the world’s top 10. Kenya Airways takes pride for being in the forefront of connecting Africa to the World and the World to Africa through its hub at the new ultra -modern Terminal 1A at the Jomo Kenyatta International Airport in Nairobi. Kenya Airways celebrated 40 years of operations in January 2017 and was named Africa Leading Airline 2017 by the World Travel Awards. For more information, please visit or call our 24HR Contact Center: +254 20 327 4747, Twitter: @KenyaAirways, Facebook: KenyaAirways, Instagram: OfficialKenyaAirways

Media contact: Olivia Nloga

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Malaysia Airlines to re-start Brisbane flights from June

Jan 9, 2018

Malaysia Airlines has today announced that it will be reinstating direct flights between Kuala Lumpur and Brisbane, Australia. Their Brisbane flights will take-off from the 6th June 2018.

Brisbane Flights

The new Brisbane flights will run four times a week, providing 120,000 seats to and from Brisbane airport. Malaysia Airlines will flying Airbus A330-300 aircraft on the route, operating every Monday, Wednesday, Thursday and Saturday.

Brisbane Flights to start in June 2018

Adrian Keating, Malaysia Airlines’ Regional Manager for the UK, Ireland, Europe & North America, said: “We are delighted to be returning to Brisbane and to offer our customers the best service and connectivity within Asia-Pacific. We have enjoyed a historic link with Queensland which boasts some of Australia’s leading tourist attractions.”

Currently Malaysia Airlines operates between Kuala Lumpur and Australia with routes to Sydney (twice daily), Melbourne (twice daily), Perth (daily) and Adelaide (four times a week).

Tickets to Brisbane will go on sale from today, the 9th January 2018. To take advantage of Malaysia Airline’s great prices passengers can book their tickets at Malaysia Airlines’ participating travel agents or visit Malaysia Airlines’ website.

Upgrade Brisbane Flights

When you do book an economy seat with Malaysia Airlines you can also use the airline’s MHUpdate bid for an upgrade to Business Class. We’ve not seen how much theses spare seats go so do let us know if you’ve been successful on Twitter.

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Boeing 787-10 continues performance testing in California

Jan 9, 2018

The Boeing test team has put on quite the performance recently while putting the 787-10 Dreamliner through a series of flight tests. These flight tests are used to check out the Dreamliner’s performance and handling.

Boeing 787-10 Take-Off Flight Tests

During the take-off performance testing in California, the team assessed how the aircraft would behave during high speed and low speed take-off. They needed perfectly calm wind conditions for this testing, and that’s what they found at Edwards Air Force Base.

Perhaps one of the more thrilling tests for the pilots is ground effect testing, which measures the aircraft’s aerodynamic behavior low to the ground.

“We’re flying very low, just above the runway” said 787-10 chief model pilot Tim Berg.

“It’s fun and exciting for the flight test team because it’s a very dynamic environment.”

Currently the 787-10 has a range of 6430 nautical miles, 1205 less than the 787-9 although it has the capacity to carry an additional 40 passengers.

The 787-10 Dreamliner is the newest and longest member of the super-efficient 787 family. As a stretched version of the 787-9, the 787-10 leverages the family’s proven technology, long range and preferred passenger experience and with unprecedented efficiency. It has 10 percent better fuel and emissions than the best on offer by the competition and 25 percent better than the airliners it will replace.

Boeing 787 Technical Specs

Seats (2-class)242290330
Range nm (km)7,355 nmi (13,620 km)7,635 nmi (14,140 km)6,430 nmi (11,910 km)
Length57 m (186 ft)63 m (206 ft)68 m (224 ft)
Wingspan60 m (197 ft)
Height17 m (56 ft)
EngineGEnx-1B / Trent 1000GEnx-1B / Trent 1000GEnx-1B / Trent 1000
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Air Lease Corporation Announces Pricing of Public Offering of $550 Million of 2.50% Unsecured Senior Notes due 2021 and $700 Million of 3.25% Unsecured Senior Notes due 2025

Jan 9, 2018

Air Lease Corporation Announces Pricing of Public Offering of 0 Million of 2.50% Unsecured Senior Notes due 2021 and 0 Million of 3.25% Unsecured Senior Notes due 2025

LOS ANGELES, Jan. 08, 2018 (GLOBE NEWSWIRE) — Air Lease Corporation (NYSE:AL) (the “Company”) announced the pricing on January 8, 2018 of its public offering of $550 million aggregate principal amount of 2.50% unsecured senior notes due 2021 (the “2021 Notes”) and $700 million aggregate principal amount of 3.25% unsecured senior notes due 2025 (the “2025 Notes” and, together with the 2021 Notes, the “Notes”). The 2021 Notes were offered to the public at a price of 99.381% of their face amount and the 2025 Notes were offered to the public at a price of 98.717% of their face amount. The sale of the Notes is expected to close on January 16, 2018, subject to satisfaction of customary closing conditions.

The 2021 Notes will mature on March 1, 2021 and will bear interest at a rate of 2.50% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2018. The 2025 Notes will mature on March 1, 2025 and will bear interest at a rate of 3.25% per annum, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2018.

The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.

J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SG Securities Americas, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering of the Notes.

The Notes are being offered pursuant to an effective shelf registration statement that the Company previously filed with the Securities and Exchange Commission (the “SEC”). The offering of the Notes is being made only by means of a prospectus supplement and accompanying base prospectus. Before you invest, you should read the base prospectus and prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at Alternatively, copies may be obtained from: (i) J.P. Morgan Securities LLC at 383 Madison Ave., New York, New York 10179 or by calling collect at 1 (212) 834-4533; (ii) Merrill Lynch, Pierce, Fenner & Smith Incorporated, at NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department, or by calling 1 (800) 294-1322; (iii) SG Americas Securities, LLC, at 245 Park Avenue, New York, New York 10167 , or by calling 1 (855) 881-2108; or (iv) Wells Fargo Securities, LLC, at 608 2nd Avenue, South Minneapolis, Minnesota 55402, Attn: WFS Customer Service, or by calling 1 (800) 645-3751. 

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the expected closing of the offering and the intended use of proceeds. Such statements are based on current expectations and projections about the Company’s future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including but not limited to, unexpected delays in the closing process for the Notes, unanticipated cash needs, and those risks detailed in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016. 


Mary Liz DePalma
Director of Investor Relations

Laura Woeste
Manager, Media and Investor Relations

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