New Adient, Boeing company to design and build airplane seats



Adient, plc (NYSE: ADNT) and Boeing (NYSE: BA) have announced the formation of Adient Aerospace, a joint venture that will develop, manufacture, and sell a portfolio of seating products to airlines and aircraft leasing companies, the company said.

The seats will be available for installation on new airplanes and as retrofit configurations for aircraft produced by Boeing and other commercial airplane manufacturers.

The joint venture between Adient, the global provider of automotive seating, and Boeing, the world´s largest aerospace company, addresses the aviation industry´s need for more capacity in the seating category, superior quality and reliable on-time performance. Adient Aerospace will benefit from the world-class engineering teams and innovative cultures at both companies, as well as shared expertise in managing complex, global supply chains.

Adient Aerospace´s headquarters, technology center and initial production plant will be located in Kaiserslautern, Germany, near Frankfurt. The joint venture´s initial customer service center will be based in Seattle, Washington. Adient Aerospace aftermarket spare parts distribution will be performed exclusively through Aviall, a wholly owned subsidiary of Boeing.

Adient is the majority stakeholder in the new company (50.01 percent share) and expects the joint venture to be included in its consolidated financial statements. Boeing (as 49.99 percent partner) will receive a proportionate share of the earnings and cash flow. Both will have representation on Adient Aerospace´s board of directors.

Adient is the global provider of automotive seating. With 85,000 employees operating 238 manufacturing/assembly plants in 34 countries worldwide, we produce and deliver automotive seating for all vehicle classes and all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat making process.

Boeing is the world´s largest aerospace company and manufacturer of commercial airplanes and defense, space and security systems. Boeing is also the world provider of combined commercial airlines and government services with customers in more than 150 countries. The company´s products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. Boeing employs approximately 140,000 people across the United States and in more than 65 countries.

Copa Holdings releases December traffic statistics



Copa Holdings, S.A. (NYSE: CPA) has released preliminary passenger traffic statistics for December 2017, the company said.

For the month of December 2017, Copa Holdings´ system-wide passenger traffic (RPMs) increased 9.9% year over year, while capacity (ASMs) increased 7.8%. As a result, system load factor for the month was 82.6%, a 1.6 percentage point increase when compared to December 2016.

Copa Holdings is a Latin American provider of passenger and cargo services. The company, through its operating subsidiaries, provides service to 75 destinations in 31 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 100 aircraft: 80 Boeing 737NG aircraft and 20 EMBRAER-190s. For more information visit www.copa.com.

Burnham Sterling advises Avianca Holdings on aircraft financing



Burnham Sterling & Co. LLC (Burnham Sterling), a financial advisory firm specializing in transportation assets, announced it acted as sole financial and placement advisor in a Japanese Operating Lease with Call Option (JOLCO) for Avianca, Latin America´s second-largest airline, the company said.

The transaction financed three aircraft, including one Boeing 787 and two Airbus A320s. It was Avianca´s first JOLCO transaction and the first JOLCO closed on an FAA-registered aircraft using a tokumei kumiai (TK) owner, a type of Japanese limited partnership, which is the preferred investment vehicle for Japanese investors. The transaction offered Avianca 100 percent financing at attractive rates with a fixed price early buyout option at approximately 10 years.

Burnham Sterling structured and placed the transaction with four institutional investors in Europe and Japan. Burnham Sterling and its affiliates have now financed 17 new narrow-body and wide-body aircraft for Avianca valued at over USD1.0 billion.

Burnham Sterling is a specialized financial advisor focused on the transportation and leasing industries that has closed billions of dollars in equipment financings for clients such as Airbus, Avianca, Delta Air Lines, SAS, United Technologies Corporation, and many more. Transactions include debt placements, tax-subsidized leases and operating leases. Burnham Sterling is affiliated with Greenwich Aircraft Leasing, a lessor/manager of 32 commercial aircraft on lease to major airlines in Europe and the Americas. For more information visit the company´s website at www.burnhamsterling.com.

Solekai Systems merges with Fairway Technologies

Fairway Technologies, Inc., experts in software development, integration, and design, has announced the merger with Solekai Systems Corporation, a provider of custom software development, integration and testing, the company said.

Both are headquartered in San Diego, CA. The combined companies will continue operations under the Fairway and Solekai banners.

With this merger, the combined companies have over 80 engineers and a range of skillsets able to address the software development needs of a wider array of customers. Additionally, the companies will have the agility and financial strength to drive software innovation across multiple vertical markets.

Fairway Technologies is a premier provider of expert technology consulting and software development that helps firms convert requirements into top-quality results. Fairway´s expertise ranges from custom software development to business technology integration and solution architecture, in addition to next-generation innovations such as mobile computing, cloud computing, data analytics, AI and machine learning, and open source.

Fairway Technologies is a premier provider of expert technology consulting and software development services that help firms convert requirements into top-quality results. Founded in 2002, Fairway´s unique business model successfully delivers the high-end technology resources needed to solve tough problems, without the frustration and costly overhead typically associated with large enterprise or staffing agencies. Headquartered in La Jolla, California, Fairway Technologies boasts a dramatically high referral and retention rate, and thrives on helping mid-size and enterprise organizations reduce risk, gain competitive advantage, and ensure project success.

Solekai is a software design services and technology integration company based in San Diego, CA. Founded in 2002, Solekai rapidly enables its technology partners and customers to increase revenue, reduce cost, and improve customer satisfaction by accelerating the design, development, test, delivery and support of exceptional, mission-critical software. Solekai provides valuable domain expertise in selected vertical markets for digital video, digital wireless, digital medical, and utility information systems. Solekai content is already at work enabling more than 100 million deployed consumer and industrial products you already use at home, at work, and at play. Solekai resolves the most difficult software development, integration, and test challenges with “insourced” developers and project managers which permit Solekai clients to side-step the costs of on-boarding and off-boarding expert development and integration teams.

Sentient Energy shipments exceed 55,000 units

Sentient Energy, Inc., a provider of advanced grid monitoring and analytics for electric utilities, has announced that shipments of its intelligent distribution line monitors have now exceeded 55,000 units, the company said.

Sentient Energy line monitors are designed to detect, capture, analyze and communicate faults and non-fault disturbances in real time over both AMI/DA mesh networks and cellular networks.

Sentient Energy makes power delivery safe, reliable and DER ready. The company provides the industry´s only Grid Analytics System that covers the entire distribution network with quickly deployed intelligent sensors and analytics that identify and analyze potential faults and other grid events. Sentient Energy leads the market with the largest mesh network line sensor deployments in North America, and partnerships with utility network providers including Silver Spring Networks, Landis + Gyr, and AT&T. For more information, visit www.sentient-energy.com.


AerSale to provide MRO services for Orbis Flying Eye Hospital



AerSale, a global supplier of mid-life aircraft, engines, used serviceable material (USM), and MRO services, is pleased to announce it is servicing the Orbis Flying Eye Hospital at its Goodyear, Arizona, MRO facility, the company said.

The aircraft will undergo a routine maintenance C check, which requires a large majority of an aircraft´s components to be inspected.

The Orbis Flying Eye Hospital, a high-profile aircraft housing a state-of-the-art teaching facility complete with operating room, classroom, and recovery room, travels the world in a global effort to end avoidable blindness. The working hospital flies to low- and middle-income countries, provides specialist training for local doctors and nurses, and performs sight-saving surgeries.

Orbis is a global non-governmental organization that has been a pioneer in the prevention and treatment of blindness for over 30 years. Orbis transforms lives by delivering the skills, resources and knowledge needed to deliver accessible quality eye care. Working in collaboration with local partners including hospitals, universities, government agencies and ministries of health, Orbis provides hands-on ophthalmology training, strengthens healthcare infrastructure and advocates for making eye health a priority. Orbis operates the world´s only Flying Eye Hospital, a fully accredited ophthalmic teaching hospital on board an MD-10 aircraft. To learn more, visit orbis.org.

A global aviation leader, AerSale specializes in the sale, lease, and exchange of used aircraft, engines, and components, in addition to providing a broad range of maintenance, repair, and overhaul (MRO) services for commercial aircraft and components. AerSale also offers asset management services to owners of end-of-life aircraft and engine portfolios. Headquartered in Coral Gables, Florida, AerSale maintains offices and operations in the United States, Europe, and Asia.

For more information, visit www.aersale.com

Centina Systems hires global development exec

Centina Systems, a provider in network performance management and strategic assurance solutions for communications service providers (CSPs) worldwide, has announced it has expanded its leadership team to help accommodate the company´s significant growth, the company said.

This announcement comes on the heels of the company´s new Tier 1 wins and expansion into Europe news that was released in October.

Srinivasarao Channamsetti joins Centina as the new Vice President of R&D. His responsibilities include driving innovation and solutions delivery, as well as managing a rapidly growing team. Srinivasarao was formally a Vice President, Communications, Media and Technology at Accenture delivering digital solutions and has 25 years of experience in IT Delivery, Sales, and Relationship Management.

Centina Systems is the market provider of service assurance analytics and network performance management solutions, partnering with operators globally as they undergo digital transformation. To learn more how Centina Systems is assuring operators make the best decisions on the road to network virtualization, visit www.centinasystems.com.

Flexjet partners with Go Rentals



Flexjet LLC, offering travelers access to private jets, has announced its partnership with Go Rentals, an elite car rental service company that exclusively serves the private jet industry, the company said.

Starting this year, Flexjet and Go Rentals will surprise and delight Flexjet Owners at some of the most exciting events across the country by providing high quality, reliable transportation that would otherwise be in short supply. In addition, the partnership will enhance the experiences of Flexjet Owners attending events from The Masters in Augusta, Georgia to the Concours d´Elegance at Pebble Beach, California, to name just a few.

Go Rentals is an elite car rental service company, with special emphasis on service. The company is also the only one specializing in the private jet industry since 1995. Still a family owned and operated business, Go Rentals has locations in Arizona, California, Colorado, Nevada, Texas, Massachusetts, Utah, Florida and New Jersey, and service to over 50 airports and various fine hotels and resorts. Further information about Go Rentals is available online at GoRentals.com.

Flexjet first entered the fractional jet ownership market in 1995. Flexjet offers fractional jet ownership and leasing. Flexjet´s fractional aircraft program is the first in the world to be recognized as achieving the Air Charter Safety Foundation´s Industry Audit Standard, is the first and only company to be honored with 18 FAA Diamond Awards for Excellence, upholds an ARG/US Platinum Safety Rating and is IS-BAO compliant. For more details on innovative programs and flexible offerings, visit www.flexjet.com or follow on Twitter @Flexjet and on Instagram @FlexjetLLC.

Xfinity Mobile introduces BYOD at Xfinity stores nationwide

Comcast has announced that Xfinity Internet customers can now bring their own device (BYOD) to Xfinity Mobile by visiting Xfinity Store locations across the country, the company said.

Select, unlocked iPhone models can be activated on the Xfinity Mobile network, and devices that don´t qualify may be eligible to be traded in for a gift card equal to the value of the phone, which can be used to bring down the cost of upgrading to a new device.

Customers are encouraged to visit www.xfinity.com/mobile/byod for additional details and to determine if their device is eligible to bring to Xfinity Mobile. Comcast expects to be able to activate devices from additional manufacturers on the Xfinity Mobile network in stores later in 2018.

Xfinity Mobile is the nation´s first wireless service combining America´s largest and most reliable 4G LTE network with 18 million Xfinity WiFi hotspots to deliver a great wireless experience, for less money, on the most popular devices. For more information on Xfinity Mobile, go to XfinityMobile.com.

Comcast (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Visit www.comcastcorporation.com for more information.

FedEx gets spot on Most Admired Companies list



FedEx Corp. (NYSE: FDX) is once again ranked among the most admired companies in the world, according to a survey published in FORTUNE magazine, the company said.

The annual “World´s Most Admired companies” report lists FedEx as the No. 9 ranked company overall. The survey measures nine attributes related to financial performance and corporate reputation.

This is the 18th consecutive year that FedEx has ranked among the top 20 in the FORTUNE Most Admired companies List, with 14 of those years ranking among the top 10.

FORTUNE collaborated with partner Korn Ferry on this survey of corporate reputation. They began with a universe of about 1,500 candidates: the 1,000 largest US companies ranked by revenue, along with non-US companies in FORTUNE´s Global 500 database that have revenues of USD 10 billion or more.

To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors, and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. A company´s score must rank in the top half of its industry survey to be listed.

Results were not published in the following categories owing to insufficient response rates: Cable and Satellite Providers, Petroleum Refining, Pipelines, and US Energy.

FedEx provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD 62 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world´s most admired and trusted employers, FedEx inspires its more than 400,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, visit about.fedex.com.