Latest news with #AcronAviation
Techday NZ
19 hours ago
- Business
- Techday NZ
Acron Aviation launches Astra app to boost airline efficiency
Acron Aviation has announced the launch of its new iOS application, Astra, which is designed to provide pilots and management teams with personalised performance data and insights before and after each flight. The app is described as a tool for transforming how flight performance data is accessed and used by pilots and airline operators. Astra incorporates modules that focus on safety and efficiency, making use of advanced data analytics and machine learning algorithms to deliver tailored intelligence to end-users. Designed to be customisable, Astra integrates with both Acron Aviation's own Flight Data Monitoring platform and third-party systems, enabling seamless adoption across fleets. Data-driven flight operations Astra's safety module offers pre- and post-flight insights, prioritising safety and fostering continuous improvement for pilots and operations teams. Key features include the monitoring of fuel consumption, aircraft wear-and-tear, and performance metrics, all available through an intuitive dashboard that provides management teams with comprehensive oversight at fleet level. Mitesh Patel, Vice President and General Manager Flight Data Intelligence at Acron Aviation, commented on the launch: "With Astra, we're closing the gap between Standard Operating Procedures (SOPs) and actual flight performance." Patel continued, "by leveraging Machine Learning algorithms and our database of 45 million flights, we're delivering personalised, timely, and engaging feedback directly to pilots. Astra represents a significant advancement in how airlines can monitor and optimise fuel consumption and reduce wear-and-tear. This approach not only enhances safety it also improves operational effectiveness and reduces costs." The comprehensive information provided by Astra empowers both pilots and management. For pilots, critical data is consolidated in one application, aiming to reduce the burden of switching between tools while in the cockpit or during pre-flight preparation. Efficiency partnership Astra was developed through a strategic partnership between Acron Aviation and FuelVision, a company with a focus on flight efficiency and data-driven performance. Elena Escrivá de Romaní Pérez, Chief Executive Officer of FuelVision, explained: "Astra increases awareness and engagement with efficiency programs by providing pilots with individual feedback and coaching, as well as providing detailed analytics on fuel consumption patterns, identifies potential savings opportunities, and offers actionable recommendations to optimise flight operations." She continued, "FuelVision was founded by pilots, which means we do things in a fundamentally different way and our starting point is always through the lens of a pilot." The Efficiency module in Astra enables airlines to benchmark performance, track adherence to Standard Operating Procedures, and tailor training programmes based on observed areas for improvement. Customisable parameters also make it possible to inform and adapt fleet-wide pilot training aligned to the latest performance data and trends. Key features Astra processes over 25,000 flights daily, ensuring that debriefs and feedback are delivered to pilots within 15 minutes of landing. Its features include a dashboard for monitoring fuel usage and wear indicators, machine learning-driven analysis of operational effectiveness, unified performance views covering safety and efficiency metrics, and the development of individualised training plans targeted at specific needs. The app can provide pre-flight briefings to pilots with route-specific operational data, enhancing preparation and situational awareness. Following each flight, pilots receive a debrief based on rapid analysis of flight data. Comparative benchmarking allows crew members to measure performance relative to peers within their fleet, reflecting a commitment to continuous improvement and team-based oversight. For management, Astra adds value by highlighting both strong performance and areas that require additional support or intervention. The ability to monitor adherence to company procedures and assess return on investment is designed to support both efficiency and risk management objectives. Industry integration Astra is compatible with Acron Aviation's Flight Data Connect platform, which processes large volumes of flight information in a matter of minutes. This integration supports broader safety and operational initiatives, including contributions to IATA's Flight Data eXchange programme. The application is available for further demonstrations at key industry events, with Acron Aviation continuing to showcase Astra's capabilities to prospective users from the global aviation community.
Yahoo
05-05-2025
- Business
- Yahoo
Ares Management Announces First Quarter 2025 U.S. Direct Lending Origination Activity
$11.5 Billion in New Commitments Closed in the First Quarter, Reaching a Record of $50.4 Billion Closed in the 12 Months Ended March 31, 2025 NEW YORK, NY / / May 5, 2025 / Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $11.5 billion in U.S. direct lending commitments across 81 transactions during the first quarter of 2025 and approximately $50.4 billion in direct lending commitments across 351 transactions in the 12 months ended March 31, 2025. The $50.4 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business. Below is a description of selected transactions that Ares closed during the first quarter of 2025. Acron Aviation / TJC Ares served as an administrative agent and lead arranger for a senior secured credit facility to support TJC's acquisition of Acron Aviation, a carve-out of the Commercial Aviation Solutions Business of L3Harris Technologies. Acron Aviation is a manufacturer of mission critical, IP-driven avionics products and provider of an integrated suite of aircraft training solutions. Anaqua / Nordic Capital Ares served as an administrative agent, lead arranger and bookrunner for a senior secured credit facility to support Nordic Capital's acquisition of Anaqua. Anaqua is a provider of intellectual property management software that allows companies to manage their intellectual property ("IP") across the IP lifecycle. BVI Medical / TPG Growth Ares served as an administrative agent and joint lead arranger for a senior secured credit facility to support TPG Capital's continued growth plans for BVI Medical. BVI Medical is a leading, global developer, manufacturer, and distributor of a broad range ophthalmic surgical products, including consumables, intraocular lenses, equipment, and surgical fluids, serving customers across the globe. Cambrex / Permira Ares served as a joint lead arranger for a senior secured credit facility to support Permira's continued growth plans of Cambrex. Cambrex is a leading western-based pharmaceutical contract development and manufacturing organization that provides drug substance and analytical services across the entire drug lifecycle. Clario / Astorg & Nordic Capital Ares served as a joint lead arranger for a senior secured credit facility to support Astorg and Nordic Capital's continued growth plans for Clario. Clario is a leading provider of endpoint data solutions to the clinical trials industry, generating high-quality clinical evidence for their pharmaceutical, biotech, and medical device partners, offering comprehensive evidence generation solutions that combine eCOA, cardiac solutions, medical imaging, precision motion, and respiratory endpoints. Encore Fire Protection / Permira Ares served as an administrative agent and joint lead arranger for a senior secured credit facility to support Permira's acquisition of Encore Fire Protection. Encore Fire Protection is a leading provider of fire & life safety solutions including maintenance, inspection, repair, replacements and installation for alarm systems, sprinklers, and suppression equipment. Foundation Risk Partners / Partners Group Ares served as an administrative agent, sole lead arranger, and sole bookrunner for a senior secured credit facility to support Partner Group's continued growth plans for Foundation Risk Partners. Foundation Risk Partners is a leading national insurance broker, providing diversified insurance products and solutions to its customers through partnering with growth-oriented agencies. Frontline Road Safety Holdings / Bain Capital Ares served as a lead arranger and bookrunner for a senior secured credit facility to support Bain Capital's acquisition of Frontline Road Safety Holdings. Frontline Road Safety Holdings is a leading national provider of pavement marking services to roadways and airports across the U.S. Ground Penetrating Radar Services ("GPRS") / Roark Capital Ares served as an administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Roark Capital's acquisition of Ground Penetrating Radar Services. GPRS is a leading national provider of private locating services with a complementary suite of service offerings such as video pipe inspection, leak detection, and laser scanning services. Ares served as administrative agent and sole lender for a senior secured credit facility to support continued growth plans. is a leading provider of digital identity verification for federal and state agencies, as well as enterprises, with a network of 139+ million verified members. SageSure Ares served as an administrative agent for a senior secured credit facility to support SageSure's acquisition of GeoVera. SageSure is one of the largest managing general underwriters focused on catastrophe-exposed property markets in the US. Vantive Health / Carlyle Ares served as an administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Carlyle's acquisition of Baxter International's Kidney Care segment, Vantive. Vantive is a global leader in kidney and acute care, manufacturing at-home and in-clinic dialysis products for patients. The Company has a 70-year legacy as a pioneer in kidney disease and vital organ therapies. Vitu / Accel-KKR Ares served as an administrative agent, joint lead arranger, and joint bookrunner for a senior secured credit facility to support Vitu, a portfolio company of Accel-KKR, in its acquisition of the Dealertrack registration and titling business from Cox Automotive. Vitu offers a comprehensive technology platform that automates vehicle registration and other traditionally manual processes for automotive state agencies and car dealerships. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit Investor Relations:irares@ Media:media@ SOURCE: Ares Management Corporation View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
L3Harris' Commercial Aviation Solutions (CAS) Business, now known as Acron Aviation
Acron Aviation ST. PETERSBURG, Fla., March 31, 2025 (GLOBE NEWSWIRE) -- Today, L3Harris Commercial Aviation Solutions (CAS) will be known as Acron Aviation to reflect its new brand following the acquisition of the business by TJC LP. The new name is adapted from the Greek word άkron which means peak, or highest point and aptly symbolizes the ambition and mission the company has for the future. Located in the UK, US, Thailand and India, Acron Aviation continues the mission that embodies its enterprising spirit: innovate to create safer skies. Drawing on its rich heritage, Acron Aviation aims to establish itself as an unconventional, top tier, partner of choice for our customers in avionics, airline training solutions, and flight data intelligence. With its integrated portfolio of products, services, and aftermarket solutions the company supports the entire life cycle of a platform, offering flexible solutions to meet diverse customer needs. Avionics: Original Equipment Manufacturer (OEM) certified products that enhance safety and situational awareness. Training Systems: a portfolio of pilot simulation devices and training solutions that delivers the development and supply of flight crew to support the future growth plans of our airline customers. Training Services: a global training center and academy footprint offering specialized training partnerships to airlines and future pilots who aspire to achieve world class professional pilot standards in state-of-the-art facilities. Flight Data Intelligence: empowering safer, more efficient flight operations through end-to-end data services that unlock real business intelligence. As Acron Aviation, the company is ideally positioned to serve its fixed-wing and rotary customers in the commercial, business jet, military and Advanced Air Mobility (AAM) markets and proactively offer data-led solutions to top-tier and forward-thinking aviation customers who recognise our value. Alan Crawford, Chief Executive Officer, Acron Aviation says: 'Since our inception, we've been at the forefront of aviation excellence, from pioneering the first flight simulator in the 1920s to delivering top-tier avionics technology. As we embark on this new exciting chapter, our identity will be founded on a culture of continuous innovation and guided by our core values of putting our customers first, moving fast, owning our actions, and speaking candidly - to power our mission of better, safer flight for operators and their customers.' Effective today, L3Harris CAS will become Acron Aviation bringing together a team of forward-thinking aviation colleagues and experts committed to future growth with all websites, premises, and products adopting the Acron Aviation brand. To embrace the future of flight and find out more about Acron Aviation's services and expertise, click here [ NOTES TO EDITORS For high-res imagery and logos click here [ ABOUT ACRON AVIATION Acron Aviation is strategically aligned to deliver world-leading commercial aviation solutions designed to serve aircraft operators and airframe manufacturers across the globe. Our expertise extends to multiple facets of commercial aviation from OEM certified avionics to state-of-the-art simulation devices, best-in-class pilot training and market-leading flight data analytics. With a global footprint, we are uniquely positioned to deliver comprehensive, cutting-edge solutions that enhance our customers operations and further our mission of innovating to create safer skies. For more information visit ABOUT TJC TJC LP, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Consumer & Healthcare, Diversified Industrials, Industrial Technology, Logistics & Supply Chain and Technology & Infrastructure. With $32.1 billion of assets under management as of September 30, 2024, TJC is managed by a senior leadership team that has invested together for over 23 years on over 85 investments. TJC has offices in New York, Chicago, Miami and Stamford. For more information, please visit ABOUT L3HARRIS TECHNOLOGIES L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers' mission-critical needs always in mind, our nearly 50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Media Contacts: Simon Ayling Julianna Permitin Acron Aviation The Think Tank juliannap@ +44 (0)7741 626708 +44 (0)20 8163 2114 A photo accompanying this announcement is available at in to access your portfolio
