ACG signs lease agreement with EL AL Israel Airlines 4 Boeing aircraft

Aviation Capital Group LLC (ACG) has signed long-term lease agreements with EL AL Israel Airlines for two new B787-9s aircraft from ACG´s order book commitment with Boeing (NYSE: BA) and two new B787-8s on a sale and lease-back agreement, the company said.

The first aircraft is expected to be delivered in February 2018.

The 787 Dreamliner is creating opportunities for airlines and improving the air travel experience.

The 787´s fuel efficiency and range flexibility enables carriers to profitably open new routes as well as optimize fleet and network performance.

ACG is a full service aircraft asset manager with approximately 413 owned, managed, and committed aircraft, which are leased to approximately 100 airlines in roughly 45 countries.

ACG, founded in 1989, is an indirect wholly owned subsidiary of Pacific Life Insurance Company.

A4A representative testifies that US airlines are taking steps to improve customer service

Senior vice president for legislative and regulatory policy at Airlines for America (A4A), Sharon L. Pinkerton, testified before the Senate Commerce Committee that carriers are taking action to improve the travel experience for all passengers, the organization said.

In her testimony, Pinkerton addressed the recent unacceptable failures in customer service, and how the US airline industry is ready to deliver on its responsibility to implement meaningful solutions to ensure such incidents never happen again.

Steps being taken by A4A member airlines to improve customer service include completely eliminating or reducing overbooking; prohibiting use of law enforcement to remove passengers from a flight, except in cases of safety or security; giving gate agents the discretion to offer higher amounts of money as an incentive for customers to voluntarily take a different flight.

Airlines are renewing their focus on training for all customer-facing staff, and
efforts are underway to provide passengers more transparency and understanding about what their rights are as consumers.

A4A advocates on behalf of the American airline industry as a model of safety, customer service, and environmental responsibility. The organization works collaboratively with the airlines, labor groups, Congress, and the Administration to improve air travel for everyone.

Gogo reports quarterly revenue of USD 165m for 1Q 2107, up 17% YoY

Gogo (NASDAQ: GOGO), a global provider of broadband connectivity products and services for aviation, has announced its financial results for the quarter ended March 31, 2017, the company said.

For the first quarter 2017, revenue increased to USD 165.4m, up 17% from Q1 2016. Service revenue increased to USD 146.5m, up 23% from Q1 2016, driven by a 9% increase in commercial aircraft online to 2995, an 18% increase in ATG business aircraft online to 4341, and increased customer usage across all segments.

Net loss increased to USD 41.4m, a 72% increase from Q1 2016, and Adjusted EBITDA decreased to USD 10.7m, down 26% from Q1 2016. Both net loss and Adjusted EBITDA in Q1 2017 included USD 9.4m of expense related to the development of Gogo´s next generation ATG solution.

Capital expenditures increased to USD 71.6m from USD 37.4m in Q1 2016 and Cash CapEx increased to USD 58.7m from USD 24.2m in Q1 2016, primarily due to increased airborne equipment purchases for 2Ku installations.

Gogo provides in-flight connectivity and wireless entertainment services for commercial and business aircraft around the world. It has partnerships with 17 commercial airlines and is now installed on more than 3,000 commercial aircraft. The Chicago, Illinois-based company has more than 1,100 employees, with additional facilities in Broomfield, Colorado, and various locations overseas.

Cable ONE approves USD 1.50 dividend

The board of directors of Cable One, Inc. (NYSE: CABO) has declared a quarterly cash dividend of USD 1.50 per share, the company said.

The dividend is payable on June 2, 2017, to stockholders of record at the close of business on May 16, 2017.

Cable One is the seventh-largest cable company in the United States. Serving more than 800,000 customers in 21 states with high-speed Internet, cable television and telephone service, Cable ONE provides consumers with a wide range of the latest products and services, including wireless Internet service, high-definition programming and phone service with free, unlimited long-distance calling in the continental US.

Twilio Q1 total revenue up 47% YoY

Twilio Inc. (NYSE: TWLO), a cloud communications platform company, has reported total revenue of USD 87.4m for the first quarter of 2017, up 47% from the first quarter of 2016 and 7% sequentially from the fourth quarter of 2016, the company said.

Base revenue was USD 80.6m for the first quarter of 2017, up 62% from the first quarter of 2016 and 7% sequentially from the fourth quarter of 2016.

GAAP loss from operations of USD 14.8m for the first quarter of 2017, compared with GAAP loss from operations of USD 6.4m for the first quarter of 2016. Non-GAAP loss from operations of USD 3.7m for the first quarter of 2017, compared with non-GAAP loss from operations of USD 3.2m for the first quarter of 2016.

Twilio´s mission is to fuel the future of communications. Developers and businesses use Twilio to make communications relevant and contextual by embedding messaging, voice, and video capabilities directly into their software applications. Founded in 2008, Twilio has over 800 employees, with headquarters in San Francisco and other offices in Bogotá, Dublin, Hong Kong, London, Madrid, Malmö, Mountain View, Munich, New York City, Singapore and Tallinn.

EDM to manufacture two door trainers for UK airline

EDM, a global provider of training simulators to the civil aviation and defence sectors, has won an order to supply a major UK airline with two new door trainers, the company said.

The A320 door trainer will be used to train the airline´s cabin crew to become proficient in the safe operation of A320 aircraft emergency exits and doors including procedures for normal, abnormal, and emergency scenarios.

The flight deck door trainer will enable cabin crew to learn the correct procedures for entering the flight deck during normal and emergency situations.

After being manufactured at EDM´s facility in Manchester, both door trainers will be shipped and installed at the airlines´ cabin crew training facility in the UK.

EDM is a global provider of training simulators to the civil aviation, defence, rail, and other industries. The company provides airlines with door trainers, cabin service trainers, cabin emergency evacuation trainers and full size mockups and defence organisations with procedure trainers, maintenance trainers, ejection seats, simulators and full size replicas.

CSG provides platform for rising content provider to grow new revenues in emerging markets

CSG Systems International, Inc.´s (NASDAQ: CSGS) Ascendon digital services platform will consolidate and manage a myriad of payment options for approximately three million consumers of iflix, a subscription video-on-demand service for emerging markets, the company said.

iflix offers thousands of TV shows, movies and more from around the world which can be streamed or downloaded to multiple devices.

To enable convenient payment options that are relevant and accessible to iflix customers, the company will tap Ascendon´s Digital Services capabilities to create a centralized eWallet that consolidates all payment options, including credit card, PayPal, Google in-app purchasing, gift cards, vouchers and payments made through direct operator billing, which allows customers to pay for digital services by charging the transaction to their monthly mobile phone bill.

Using Ascendon´s aggregated biller framework, iflix can consolidate multiple integrations to multiple payment systems, centralizing processes and integrations into one efficient, cloud-based eWallet.

CSG leverages 30 years of experience and expertise in voice, video, data and content services to deliver market-leading revenue management and customer interaction solutions in licensed and managed service models.

EAG subsidiary E360 acquires Esoteric

Elite 360 Technologies (E360), a subsidiary of the Elite Aerospace Group (EAG), has completed the acquisition of inflight entertainment (IFE) innovator Esoteric, the company said.

The acquisition of Esoteric, which offers an array of solutions from USB charging devices to inflight entertainment and infotainment systems, bolsters E360´s suite of IFE solutions, and significantly enhances its value proposition.

To immediately enrich its current product offering, E360 will be introducing custom fabricated USB cover plates, bezels, flip up covers, and a new line of iPad and tablet armrest and side ledge tablet holders.

Elite 360 Technologies is a wholly owned subsidiary of the Elite Aerospace Group.

EAG is an advanced design, engineering, manufacturing, and technology leader within the aerospace industry.

Ipswitch helps businesses meet impending GDPR compliance

Ipswitch, a provider of file transfer and network management software, recently polled European IT professionals from the UK, France and Germany with survey results revealing that one in three businesses do not know how the European Union´s General Data Protection Regulation (GDPR) will impact them, a concern with the May 25, 2018 deadline a year away, the company said.

Businesses sharing, transferring or storing data belonging to anybody in the EU need to be in compliance with GDPR or hefty fines can be expected — up to 20,000,000€ or 4 percent of annual company turnover, whichever is greater.

According to the survey, more than half recognized that GDPR will impact their business (53 percent), though 70 percent are not sure about the financial impact of GDPR. Investment in new technologies offering security is being highly considered by 55 percent of survey respondents, including encryption (50 percent), mobile device management (42 percent) and secure file sharing/transfer (30 percent) solutions.

Additionally, more than a third of respondents (37 percent) have no idea how the GDPR will impact their business or collaboration with the US

Galway, Ireland is home to Ipswitch´s EMEA Centre of Excellence which includes research and development, sales and technical support teams. The office provides technical and sales support to in-country partners and customers across Europe as well as central support for the company´s in-country teams across Germany, U.K., France, Italy and the Middle East. The centre hosts a dedicated partner and customer demonstration suite for sales which facilitates events and training.

Ipswitch IT and network management software helps them succeed by enabling secure control of business transactions, applications and infrastructure. Ipswitch software is powerful, flexible and easy to try, buy and use. The company´s software helps teams shine by delivering 24/7 performance and security across cloud, virtual and network environments.

Ethiopian Airlines takes delivery of Airbus A350-900XWB from Ping An Leasing

Ping An International Financial Leasing Co. Ltd subsidiary, Ping An Aircraft Leasing, has delivered an Airbus A350-900XWB wide-body aircraft on sale and leaseback to Ethiopian Airlines, the company said.

The transaction represents the first wide-body aircraft in its portfolio and also its first sale and leaseback in Africa.

The aircraft is the first delivery from sale and lease back arrangement for two A350-900 delivering in 2017 between Ping An Aircraft Leasing and Ethiopian Airlines.

Dublin-based Ping An Aircraft Leasing is a wholly-owned subsidiary of Ping An International Financial Leasing Co., Ltd.

Ping An International Financial Leasing Co. is a wholly-owned subsidiary of the Ping An Insurance Group, specializing in leased assets. The company is headquartered in Shanghai´s Pu Dong financial district and its business networks extend throughout the whole of China. The business has developed rapidly since it was established and as of the end of March 2017, had total assets of RMB 120bn (USD 17.4bn).