San Francisco Archives | Corporate Jet Investor https://www.corporatejetinvestor.com/place/san-francisco/ Events | News | Opinions Tue, 14 May 2024 16:12:20 +0000 en-US hourly 1 Signature Aviation makes LAX FBO 100% sustainable with blended SAF https://www.corporatejetinvestor.com/news/signature-aviation-makes-lax-fbo-100-sustainable-with-blended-saf https://www.corporatejetinvestor.com/news/signature-aviation-makes-lax-fbo-100-sustainable-with-blended-saf#respond Tue, 14 May 2024 15:36:00 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=150381 World’s largest operator of private jet terminals Signature Aviation announced that it has replaced all their jet fuel with a 30% blend of eco-friendly sustainable aviation fuel (SAF) made by Neste at its Los Angeles facility (KLAX). The Los Angeles facility joins Signature’s San Francisco FBO which has already made the switch to 100% SAF. ... Signature Aviation makes LAX FBO 100% sustainable with blended SAF

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World’s largest operator of private jet terminals Signature Aviation announced that it has replaced all their jet fuel with a 30% blend of eco-friendly sustainable aviation fuel (SAF) made by Neste at its Los Angeles facility (KLAX).

The Los Angeles facility joins Signature’s San Francisco FBO which has already made the switch to 100% SAF.

“This is a transformative time for Signature, and our partnership with Neste is helping us take another significant step towards net zero by providing a 100% supply of blended SAF at our Los Angeles location,” said Derek DeCross, company’s chief commercial officer.

“This collaboration exemplifies how we’re working together with both our guests and our partners to accelerate the adoption of environmentally friendly practices and paving the way for a more sustainable future in aviation.”

Signature said that customers who don’t want to pay the SAF price that it won’t affect them as the premium will be transferred to the book and claim system.

The system allows customers to buy SAF credits at any Signature location globally, paying the price difference. They’ll get environmental credit, but the actual eco-friendly fuel will be used by another plane elsewhere, like in Los Angeles where it’s available.

The operator recently passed the 30m gallon mark in terms of total SAF delivered throughout its network.

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Aero raises $65m for expansion https://www.corporatejetinvestor.com/news/aero-raises-65m-for-expansion https://www.corporatejetinvestor.com/news/aero-raises-65m-for-expansion#respond Fri, 19 Aug 2022 11:55:34 +0000 https://www.corporatejetinvestor.com/?post_type=news&p=139700 Semi-private charter company Aero Technologies, based in San-Francisco, has raised $65m in capital, taking it up to a $300m valuation.

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Semi-private charter company Aero Technologies has raised $65m in capital, taking it up to a $300m valuation.

The San-Francisco-based company, which offers aircraft that can be booked exclusively by a group or per seat, raised $50m in Series B funding and $15m in convertible notes. The funding round was co-led by European alternate investment firm AlbaCore Capital Group and returning investors Expa and Keyframe Capital, with new investment from Capital One Ventures.

The group said the Series B funding will be used to drive the company’s global market expansion and to meet increased demand on existing routes. Currently, clients can fly from Los Angeles and San Francisco to destinations like Aspen, Sun Valley and Colorado and from London Farnborough to the Greek island Mykonos, Ibiza and Nice.

With a fleet of ERJ135 16-seater jets and 13-seater Legacy 600s, Aero allows customers to travel with a dedicated concierge service in direct, premium flights via private terminals, offering quicker journeys to popular leisure destinations.

“Aero’s success over the last few years highlights that customers in both the US and Europe have been waiting for the Aero travel experience,” said Uma Subramanian, CEO, Aero. “Aero is growing fast and we look forward to bringing the Aero experience to new markets in the coming months.”

“Aero has consistently delivered an unforgettable flying experience and proven to be a leader in the next chapter of premium air travel,” said John Rapaport, chief investment officer, Keyframe Capital. “Aero has built a recognisable brand and a thoughtful jet service that customers love. We are excited to continue building upon Aero’s successes and to be by their side to develop next-level global air travel experiences.”

Aero, which was launched in Europe in 2019 and in the US in 2021, claims all its seats on its bespoke black jets are “first-class seats”. The company has a range of partners including W Hotel Aspen, Black Tie Ski Rentals and Wally’s Wine and Spirits.

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Air Charter Service further strengthens its West Coast presence with new San Francisco office https://www.corporatejetinvestor.com/news/air-charter-service-further-strengthens-its-west-coast-presence-with-new-san-francisco-office Wed, 04 Jul 2018 14:36:23 +0000 http://192.168.192.229/corporate-live/?p=110282 Leading aircraft charter specialist, Air Charter Service, has opened a new office in San Francisco this week, its second in the state and sixth in the US in total. Richard Thompson, President of Air Charter Service Americas, said: “We opened our LA office seven years ago and it has steadily risen into one of our ... Air Charter Service further strengthens its West Coast presence with new San Francisco office

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Leading aircraft charter specialist, Air Charter Service, has opened a new office in San Francisco this week, its second in the state and sixth in the US in total.

Richard Thompson, President of Air Charter Service Americas, said: “We opened our LA office seven years ago and it has steadily risen into one of our fastest growing offices, and so far this year we are 30% up on 2017’s numbers.”

“Some of our best clients are located in the San Francisco Bay area and we wanted to move here to better service them. We also felt that it was the next logical step in our US expansion plan, following on from opening our new Manhattan office earlier this year. The new operation will be headed up by Loretta Mendelovits, who joined us more than four years ago and has shown great leadership skills, which will be put to good use in her new role as she takes on the San Francisco market.”

Thompson concluded: “California has the world’s fifth largest economy and is larger in area than Germany and many other European countries. Almost 10% of all private jet traffic in the US departs from California, so the demand is certainly enough to have two offices in the state.”

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