Latest news with #BombardierGlobal5000
Web Release
09-05-2025
- Business
- Web Release
Falcon Technic Welcomes First Third-Party Maintenance Client: Bombardier Global 5000
By Editor_wr Last updated May 8, 2025 Falcon, part of Alex Group Investment, is excited to announce a major development for Falcon Technic, our MRO division (Maintenance, Repair, and Overhaul): we have welcomed our first third-party maintenance client, a Bombardier Global 5000 aircraft. This marks a key step in expanding our services and growing as a trusted partner in aviation maintenance. By delivering high-quality, cost-effective support, we've reduced our fleet's maintenance costs by 50% through smart planning and efficient operations. Now, we're extending these benefits to third-party clients, offering the same level of care and value. Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investment, stated, 'This is a proud moment for us as we expand Falcon's capabilities. Our focus has always been on quality and customer satisfaction. Welcoming our first third-party maintenance client is a key step toward establishing Falcon Technic as a trusted partner for aviation maintenance in the region.' At Falcon Technic, we know how critical it is to keep aircraft in peak condition with minimal downtime. That's why we offer 24/7 MRO services, ready to exceed expectations. Soon, our offering will include minor modifications, giving clients more reasons to choose Falcon Technic. Our 13,705 sq.m. MRO facility, located at the Mohammed Bin Rashid Aerospace Hub in Dubai, is equipped with advanced technology to support a wide range of aircraft, including models as large as the Airbus A380. Clients can count on skilled professionals and state-of-the-art infrastructure for all their aviation maintenance needs. We look forward to building lasting partnerships with our third-party clients, delivering consistent, high-quality service that keeps aircraft operating at their best. For more information about Falcon Technic MRO services please visit Falcon Technic | Expert Aircraft Maintenance & MRO Services Comments are closed.
Yahoo
07-05-2025
- Business
- Yahoo
Falcon Technic Welcomes First Third-Party Maintenance Client: Bombardier Global 5000
Falcon Falcon_Technic_PR DUBAI, United Arab Emirates, May 07, 2025 (GLOBE NEWSWIRE) -- Falcon, part of Alex Group Investment, is excited to announce a major development for Falcon Technic, our MRO division (Maintenance, Repair, and Overhaul): we have welcomed our first third-party maintenance client, a Bombardier Global 5000 aircraft. This marks a key step in expanding our services and growing as a trusted partner in aviation maintenance. By delivering high-quality, cost-effective support, we've reduced our fleet's maintenance costs by 50% through smart planning and efficient operations. Now, we're extending these benefits to third-party clients, offering the same level of care and value. Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investment, stated, 'This is a proud moment for us as we expand Falcon's capabilities. Our focus has always been on quality and customer satisfaction. Welcoming our first third-party maintenance client is a key step toward establishing Falcon Technic as a trusted partner for aviation maintenance in the region.' At Falcon Technic, we know how critical it is to keep aircraft in peak condition with minimal downtime. That's why we offer 24/7 MRO services, ready to exceed expectations. Soon, our offering will include minor modifications, giving clients more reasons to choose Falcon Technic. Our 13,705 sq.m. MRO facility, located at the Mohammed Bin Rashid Aerospace Hub in Dubai, is equipped with advanced technology to support a wide range of aircraft, including models as large as the Airbus A380. Clients can count on skilled professionals and state-of-the-art infrastructure for all their aviation maintenance needs. We look forward to building lasting partnerships with our third-party clients, delivering consistent, high-quality service that keeps aircraft operating at their best. For more information about Falcon Technic MRO services please visit Falcon Technic | Expert Aircraft Maintenance & MRO Services About Falcon Falcon is a premier aviation service provider, offering a one-stop-shop for all your aviation needs. Discover more at Instagram and LinkedIn. Media Inquiries Ines Nacerddine Director of Marketing - Aviation Alex Group Investment Email: A photo accompanying this announcement is available at
Newsweek
07-05-2025
- Business
- Newsweek
Private Aviation Charter Company Using AI to Enable High-End Client Service
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Craft, a private aviation charter company launched in 2020, is changing the way the aviation industry approaches private air travel. The company has introduced artificial intelligence into its operations and rolled out a novel 721 exchange fund designed to "provide investors with a meaningful way to diversify their portfolio while enjoying the unique benefits of access to private aviation." The company's new exchange fund works similarly to traditional exchange funds. Investors can contribute their stock to the private fund in exchange for a share of the fund's portfolio. This decision can be beneficial for investors as it defers the need to pay capital gains taxes. Unlike other funds, Craft holds private aircraft as assets. When an investor diversifies with the fund, they essentially own a part of a private aircraft. What makes the investment unique is that Craft allows investors to access and use the aircraft they've invested in. This allows individuals to enjoy the benefits of private air travel without the responsibilities of upkeep, licensing, insurance and storage that come with private airplane ownership. Craft's fleet features Bombardier Challenger 300 mid-size business jets and Bombardier Challenger 350 super mid-size business jets. Craft's fleet features Bombardier Challenger 300 mid-size business jets and Bombardier Challenger 350 super mid-size business jets. Craft "Historically, the aviation industry has been slower than other industries to innovate. But, at Craft, we have always seen tremendous potential to bring new ideas to the marketplace. Our 721 exchange fund is one such innovation, and we're excited to be combining private aircraft with this unique investment opportunity," said Israel Slodowitz, CEO of Craft, told Newsweek. "Investors are increasingly looking for new and exciting ways to diversify their portfolios. Craft's exchange fund offers the perfect opportunity for diversification, and offers investors the unique benefit of access to private aircraft for their own use," he said. Craft owns a fleet of Bombardier Challenger 300 mid-size business jets and Bombardier Challenger 350 super mid-size business jets. Both planes have a range of over 3,000 miles and can seat nine passengers. Plans to purchase Bombardier Global 5000 long-range business jets and Embraer Phenom 300 light business jets are forthcoming. Craft private jet with passengers. Craft private jet with passengers. Craft Craft has already begun using artificial intelligence (AI) to streamline and maximize its business operations. "Craft has begun to implement AI into the company's operation, beginning with sales. Aircraft and crew are a limited resource," Slodowitz said. "Given this constraint, Craft is using AI to recognize patterns in the thousands of flight requests the company receives each week, to help determine the best usage of the limited aircraft and crew (i.e. the best and most efficient flights to sell). Humans are still involved in the process, but are able to focus on different aspects of the flight sales process." Fleet efficiency may be where Craft sees the most results from AI use. "Craft believes that this use of AI will allow the company to see a significant increase in the efficient use of their limited fleet – which, in turn, will ultimately benefit members of the company's exchange fund, through growth of their invested capital," Slodowitz said.
