ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Xwing Expands its Commercial Air Cargo Operations to 400 Weekly Flights

By: WebWire

Autonomous aviation company Xwing, today announces significant milestones, including the expansion of its commercial cargo operations under FAA CFR Part 135 Air Carrier certificate, the addition of FAA CFR Part 145 certificates and rapid company growth. Over the last twelve months, Xwing has more than tripled its team to 180 employees.

Xwing has completed the acquisition of Martinaire Aviation, a Texas-based FAR Part 135 air cargo carrier with over 40 years of experience throughout the United States. This acquisition comes on the heels of last year's successful acquisition of AirPac Airlines, another feeder cargo operator based in the Pacific Northwest.

These acquisitions, combined with organic growth, now bring Xwing's total cargo fleet to 35 aircraft flying more than 400 weekly commercial flights across the U.S., making the company one of the larger Cessna 208B operators in the cargo feeder market. To date, Xwing has completed close to 10,000 flights, carrying 4.9 million pounds of cargo over 1 million miles. These operations have been done within global logistics leader UPS' (United Parcel Service) regional air cargo network.

As the company continues to build up the set of regulatory approvals needed for autonomous flight operations, in addition to Xwing's Part 135 Air Carrier Certificate, Xwing now also operates two Part 145 certified aircraft maintenance facilities, significantly expanding its capabilities beyond flight operations to maintenance, inspection and aircraft modification services.

“Our commercial cargo operations are key to our certification approach. When it comes to integrating unmanned aircraft in the airspace, the FAA operational approvals are just as important as certification of the technology on board the aircraft,” said Marc Piette, CEO and founder at Xwing. “Using data gathered from our commercial cargo routes, we can continuously optimize and refine our system end to end, and get to the best solution for our customers.”

Xwing began commercial cargo operations in 2020, flying peak season routes out of Phoenix, AZ. While Xwing continues its work towards certifying autonomous flight technology with the FAA, the company's commercial cargo flights have been conducted by pilots flying standard, unmodified Cessna Caravan airplanes under its Part 135 certificate. These operations now occur at 58 airports across 14 U.S. states, including North Carolina, Texas, Michigan, Oregon and Washington.

Xwing's primary goal for expanding its commercial air cargo operations is to continue sharpening its operational capabilities across all aspects of air cargo and to streamline the rollout of its autonomous technologies within its fleet once certified. The company has demonstrated fully autonomous gate-to-gate capabilities since February 2021, including the ability to autonomously taxi on and off the runway successfully while navigating various obstacles and operations on the ground. Xwing's technology can lead to fuel savings through improved routing and optimized ground and air operations. 

From two routes in 2020, expanding to nine routes and adding North Carolina and the Pacific Northwest in 2021, to now operating over 33 daily routes across the U.S., Xwing continues to be a leader in the regional air mobility market. 

These milestones come on the heels of Xwing's recent placement on Fast Company's World Changing Ideas list within the transportation category, and the appointment of former FAA executive Earl Lawrence to the company's c-suite to lead its certification efforts. 

About Xwing

Xwing is the first company to introduce autonomous technology on a regional air cargo aircraft. With the goal of meeting growing unmet logistics demand, Xwing's human-operated software stack seamlessly integrates with existing aircraft to enable regional pilotless flight. The company is headquartered in San Francisco, CA. To learn more, please visit xwing.com. For media inquiries, email xwing@vsc.co.

— WebWireID292271 —


Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.