Daily Archives: September 11, 2018

Thomas Flohr Launches Vista Global to Consolidate Fragmented Business Aviation Market, Supported by a Further $200m Investment

  • Vista Global Holding is set to consolidate the business aviation industry
  • Endorsed by further $200m investment from global private equity firm Rhône Group
  • Headquartered at the Dubai International Financial Centre (DIFC)
  • The fully integrated group will offer global, all-encompassing, asset-lite services for every customer:
    • For guaranteed access to aircraft: VistaJet’s Program, available anytime, anywhere around the globe, clients only buy the hours they need;
    • For dedicated aircraft: Vista Global’s leasing and trade-in solutions for business aviation;
    • For the On Demand market: simple and efficient technology-based fleet solutions, where clients get instant online access to aircraft;
    • For the marketplace and operators: proprietary technology upgrading and automating the entire communication flow between end client and aircraft operators.

DUBAI, Sept. 11, 2018 (GLOBE NEWSWIRE) — Today Thomas Flohr launches Vista Global Holding (“Vista Global”), a revolutionary aviation group headquartered at the DIFC which will spearhead the consolidation of the fragmented and expanding business aviation market. Vista Global is the world’s most comprehensive business aviation group and is built on four pillars with complementary services for consumers and trade. It is the first group that has built the scale and the know-how to offer the entire set of private flying solutions for its clients, setting a new global benchmark for the industry.

Vista Global’s fleets will provide every customer with asset-lite solutions to fly point to point anytime, anywhere at a moment’s notice – either with guaranteed aircraft availability or On Demand. In addition, Vista Global will offer the very first worldwide leasing and financing service for customer looking to purchase a dedicated aircraft. Complementing its consumer and trade offer, Vista Global will also support aviation companies looking to improve services to their clients through the most advanced technology, providing an end to end platform in a very fragmented global operator marketplace.vistaglobal-17

The Group is headquartered at the DIFC, the leading financial center that serves global clients from all destinations as well as its exceptionally strong connection to business aviation travelers in the whole world.

“Vista Global has been my vision ever since I started VistaJet in 2004. I wanted to create something truly new, something that would industrialize and consolidate the fragmented business aviation market across the entire range of flight service offerings,” Thomas Flohr said. “It is a historic moment for aviation and is the first of its kind. Vista Global is unrivalled in its service to offer all clients the full range of business aviation services on a global scale – flights, technology, finance.”

In order to serve each pillar of customer needs, three companies are part of Vista Global today, and the group is well positioned to make further acquisitions going forward:

  • VistaJet, the leading global business aviation solution with a fully dedicated fleet for premium fliers offering guaranteed availability anytime and anywhere around the globe
  • Vista Lease, the global aircraft leasing and financing company for client dedicated aircraft solutions;
  • TechX, the cutting-edge aviation technology firm offering end to end solutions for both customers and operators

The launch of Vista Global is backed by longstanding supporters of Thomas Flohr’s enterprises, the global private equity firm Rhône Group. The financial group is investing an additional $200 million, strengthening Vista Global’s balance sheet as it looks to take advantage of future acquisition opportunities.

Steven Langman, Chairman and Co-Founder of Rhône Group, said: “Our investment in Vista Global builds on the relationship with Thomas Flohr and the support for VistaJet we announced last year. In Vista Global we see the organization that will transform the nature of the business aviation sector and the one that is best-placed to take advantage of the changes of the industry. Vista Global’s business model and strategy give it a superior position in the market place. We could not be more pleased to have invested in such a dynamic industry pioneer.”

Vista Global’s premier flight service offer is VistaJet, the market-leading aviation operator founded in 2004. The company pioneered an innovative business model where customers have access to an entire global fleet whilst paying only for the hours they fly, free of the responsibilities and asset risk linked to aircraft ownership. VistaJet provides members the ultimate service on its fleet of over 70 branded silver with red stripe jets and with guaranteed availability to service over 96% of the world.

Vista Lease will start operations in 2019. Thomas Flohr and his team from a former aircraft leasing and trading business have developed substantial experience and reputation in the space, with the prior company having ordered, financed and delivered a book of over $1.5bn of fixed assets between 2012 through 2017. Vista Lease will hold several options for Global 7500 aircraft, as well as having the capitalization to act as principal buyer in the pre-owned segment and then offer its inventory for lease directly to its customers, who seek a dedicated aircraft solution. The company will disrupt an unnecessary and dated process which involves customers being forced through a broker to broker chain and will look after an addressable market of over 7,000 super midsized and ultralong range jet aircraft.

TechX is the aviation technology pillar, with 50 technology specialists and will build off and further enhance existing proprietary technology. The company’s mission is to create end-to-end services to allow companies to find customers, manage bookings, track flights and plan trips directly with operators, all on one platform. Furthermore, TechX provides its partners with technology and data science to deliver a personalized service to their customers, effortlessly. TechX addressable market are all 40,000 fix and rotor wing business aircraft in use around the globe.

Vista Global plans to expand its fleet within the next 3 years, further strengthening its current global coverage and infrastructure to serve every customer’s needs around the globe.

View launch video here.

About Vista Global Holding
Vista Global Holding is the world leader in business flight solutions. A global group headquartered in Dubai, Vista Global integrates a unique portfolio of companies offering innovative solutions to cover all key aspects of business aviation: global flight coverage, aircraft leasing and finance, and technology infrastructure innovation.

Founded by Thomas Flohr, the group’s mission is to further industrialize and consolidate the fragmented industry of business aviation and lead the change to provide customers with the most advanced flying solutions and very best value, anywhere, anytime around the globe. The group owns VistaJet, Vista Lease and Tech X, whose joint knowledge and understanding of all the facets of the industry delivers the best end-to-end offering, service and technology to any business aviation customer or platform.

About Rhône Group
With over 20 years of investing experience, Rhône Group and its affiliates comprise a global alternative investment management firm with approximately $5.5 billion in assets under management. The firm focuses its private equity investments in market leading businesses with a pan-European or transatlantic presence and global growth opportunities. Rhône has invested in a diversified portfolio of companies including those in the chemical, consumer product, food, packaging, specialty material, business services and transportation sectors.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e886b8da-01a4-4162-af4e-13afabfcc97b

Contact
James Leviton | +44 207 251 3851       | VistaGlobal@Finsbury.com

Dubai Airports CEO Half-Year Update

Get a tour of the exciting new developments at DXB from Dubai Airports CEO Paul Griffiths

DUBAI, United Arab Emirates, Sept. 11, 2018 (GLOBE NEWSWIRE) — Dubai International (DXB) retained its position as the world’s number one international airport for the fourth consecutive year in 2017 with annual traffic exceeding 88.2 million passengers. The airport connects 240 destinations around the world through 75 international airlines and is expected to serve 90.2 million passengers in 2018. Dubai Airports’ CEO Paul Griffiths provides an update on the first half of 2018.

You can access the video update by clicking or copying and pasting this link in your internet browser: https://youtu.be/1V5UAJWOUIk

Contact:
Hannah Burden Hamer
Dubai Airports
corporate.communications@dubaiairports.ae
+97145044394

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0047642e-d635-4f63-8587-a152622a14cd
A video accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/0c357afd-515d-4dc0-90dc-a3f1993a78c7

Ride-Sharing Leader Grab Selects Axonify Microlearning Platform for Millions of Driver-Partners Across Southeast Asia

Axonify Helps Grab Onboard New Drivers and Make Critical Ongoing Training Available on Mobile Devices

WATERLOO, Ontario, Sept. 11, 2018 (GLOBE NEWSWIRE) — Axonify, the world’s leading corporate microlearning platform, today announced that Grab Inc. (Grab), the leading online-to-offline (O2O) platform in Southeast Asia, has implemented the Axonify Microlearning Platform to provide comprehensive driver-partner onboarding and continuous learning for millions of driver-partners across the region.

Grab selected Axonify based on its scalable solution and dynamic, interactive and gamified approach to training and to support its ‘Better 365’ driver-partner welfare campaign. Through Axonify, Grab will be able to seamlessly incorporate new driver training and assessment into the online driver acquisition process.

Additionally, Grab driver-partners have access to an on-demand content hub where Grab will be able to deliver training modules and learning reinforcement activities based on the specific driver’s needs and profile.

“As we continue to grow rapidly, Axonify helps us to deliver onboarding training to new driver-partners as well as refresher training to current driver-partners in a more scalable and consistent way. It enables us to focus on continuously improving driver efficiency and satisfaction, as well as safety and service levels to passengers,” said Russell Cohen, Head of Regional Operations for Grab. “We want to provide driver-partners with continuous learning and upskilling opportunities. Axonify’s bite-sized, engaging training modules does just that by helping our driver-partners to easily consume the training sessions at their convenience.”

Reducing significant training costs, interactive training videos and short assessments can be completed on mobile devices instead of at an on-site location and Grab driver-partners will be alerted by Axonify when new training content is available.

“We are pleased to team up with a transformative tech leader like Grab to support their driver-partners across Southeast Asia,” said Christine Tutssel, Senior Vice President of Strategic Initiatives for Axonify. “Onboarding and continuous training on topics such as English and financial literacy will help create an educated and skilled team of drivers. Improving overall driver satisfaction at scale is mission critical for Grab and we look forward to helping ease that process.”

Grab currently operates in Indonesia, Cambodia, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. Used by more than 6 million people daily, Grab provides Southeast Asia consumers with safe and affordable transport, food and package delivery, mobile payments and financial services.

For more information, visit Axonify.com.

About Axonify

Axonify is the only microlearning platform trusted by global business leaders to drive performance. With a proven approach that’s based in brain science, and uses adaptive microlearning and gamification to make employee learning effective and engaging, our platform ingrains knowledge deep enough to change employee behavior at work. With more than 150 Fortune 5000 customers in 95 countries around the world, including Walmart, Bloomingdale’s, and John Hancock, Axonify makes learning personal to the individual, and impactful for the business. Founded in 2011, Axonify is headquartered in Waterloo, ON Canada. For more information, please visit www.axonify.com

Media Contact:
Jennifer Mirabile
Young & Associates
724-772-2038
jenniferlm@yapr.com

Sundance Energy Announces Participation in Upcoming Investor Conferences

DENVER, Sept. 10, 2018 (GLOBE NEWSWIRE) — Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas today announced the details of its participation in three upcoming investor conferences during the month of September.

Eric P. McCrady, Chief Executive Officer, is scheduled to present at The Oil & Gas Council’s North American Assembly on Thursday, September 13th, 2018 at 10:40am CT in Houston, TX.

Mr. McCrady is additionally presenting at the DUG Eagle Ford Conference on Thursday, September 20th at 3:40pm CT in San Antonio, TX. His presentation will be followed by a breakout question and answer session.

Sundance management will also be participating in the Johnson Rice 2018 Energy Conference in New Orleans, Louisiana on Wednesday, September 26th.

For more information, please contact:

United States:
John Roberts
VP Finance & Investor Relations
Tel: +1 (720) 638-2400
Eric McCrady
CEO and Managing Director
Tel: +1 (303) 543-5703

Australia:
Mike Hannell
Chairman
Tel: +61 8 8363 0388


About Sundance Energy Australia Limited


Sundance Energy Australia Limited (“Sundance” or the “Company”) is an Australian-based, independent energy exploration company, with a wholly owned US subsidiary, Sundance Energy Inc., located in Denver, Colorado, USA.

The Company is focused on the acquisition and development of large, repeatable oil and natural gas resource plays in North America. Current activities are focused in the Eagle Ford where the company has a position of approximately net 56,600 net acres. A comprehensive overview of the Company can be found on Sundance’s website at www.sundanceenergy.net

Summary Information

The following disclaimer applies to this document and any information contained in it. The information in this release is of general background and does not purport to be complete. It should be read in conjunction with Sundance’s periodic and continuous disclosure announcements lodged with ASX Limited that are available at www.asx.com.au and Sundance’s filings with the Securities and Exchange Commission available at www.sec.gov.

Cautionary Note Regarding Forward Looking Statements

This release may contain forward-looking statements. These statements relate to the Company’s expectations, beliefs, intentions or strategies regarding the future. These statements can be identified by the use of words like “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “plan”, “project”, “will”, “should”, “seek” and similar words or expressions containing same.

These forward-looking statements reflect the Company’s views and assumptions with respect to future events as of the date of this release and are subject to a variety of unpredictable risks, uncertainties, and other unknowns. Actual and future results and trends could differ materially from those set forth in such statements due to various factors, many of which are beyond our ability to control or predict. These include, but are not limited to, risks or uncertainties associated with the discovery and development of oil and natural gas reserves, cash flows and liquidity, business and financial strategy, budget, projections and operating results, oil and natural gas prices, amount, nature and timing of capital expenditures, including future development costs, availability and terms of capital and general economic and business conditions. Given these uncertainties, no one should place undue reliance on any forward looking statements attributable to Sundance, or any of its affiliates or persons acting on its behalf. Although every effort has been made to ensure this release sets forth a fair and accurate view, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

XResearch (XRES), A Crypto Investment Research Fund And Media Platform, Announces Token Holder Equity And Regulation S ICO In Q4 2018

Read about XResearch at www.xres.io

NEW YORK, Sept. 10, 2018 (GLOBE NEWSWIRE) — XResearch (XRES), a cryptocurrency, blockchain startup, and ICO investment research fund and media portal, has just announced that its Regulation S* securities token offering (STO) will begin in Q4 2018.

What is XResearch?

XResearch is the world’s first crypto-, blockchain-, and ICO-focused investment research fund and media portal for institutional and retail investors around the world.

The team is building a crypto community commons for crypto investors worldwide by offering institutional-quality research services and content as well as a decentralized application (DApp) that allows XRES token holders to:

  • Subscribe to institutional-quality research at a discounted rate
  • Contribute independent analyses to the media platform, where contributions will be ranked by a network of validating nodes on metrics such as traffic and engagement
  • Become verified contributors who can begin charging a subscription fee for their research, just like the core XResearch team
  • Share in 5% of the equity of the company (all XRES tokenholders in aggregate)

The long-term vision of XResearch is to build a decentralized autonomous organization (DAO), that identifies, empowers, and incentivizes the best research talent worldwide to contribute to and participate in the XResearch ecosystem.

The Team Behind XResearch

XResearch is led by Mr. Charles Wyman, Chief Investment Officer and former Head of Global Credit Research at PIMCO. Mr. Wyman is joined by a veteran team of Wall Street analysts and investment professionals, including Principal Steven Wasserman, Senior Advisor to a $4 billion NYC-based hedge fund; Chief Operating Officer Barry Cohen, former Portfolio Manager in the GMI/Strategic Investment Group at Merrill Lynch; and Chief Blockchain Officer Neil Benedict, former Head of Product Development at BANKEX. Advisors to the team include Leonard Seelig, Executive Director of BABB and Serg Gulko, CEO of XTRD.

To learn more about XRES, join the Telegram community (https://t.me/XResearch), follow them on Twitter @XResearchICO, connect with the team on LinkedIn (www.linkedin.com/company/xresearch), or email info@xres.io.

____________________
*XRES Tokens will only be offered by XResearch, Crypto Online Media to non-US persons in compliance with the registration provided by Regulation D and Regulation S of the United States Securities Exchange Act.

About XResearch, Crypto Online Media
XResearch, Crypto Online Media is a decentralized cryptocurrency, blockchain startup, and ICO investment research firm and media portal for investors worldwide. By decentralizing investment research content, XResearch seeks to identify, empower, and incentivize the best research talent worldwide to contribute independent analyses to the XResearch crypto community commons. All XRES token holders will, in aggregate, own 5% equity in the company.

Contact
Charles Wyman, Chief Investment Officer info@xres.io

Sonos Releases Third Fiscal Quarter 2018 Financial Results

SANTA BARBARA, Calif., Sept. 10, 2018 (GLOBE NEWSWIRE) — Sonos, Inc. (“Sonos”) (Nasdaq: SONO) has released its financial results for the third fiscal quarter 2018 in a letter to shareholders available on the investor relations section of its website. To view the letter, please visit: https://investors.sonos.com/investors/default.aspx

As previously announced, Sonos will host a conference call and Q&A to discuss the results at 5:00 p.m. Eastern Time today. A live webcast and replay of the conference call and Q&A will be accessible at: https://investors.sonos.com/news-and-events/default.aspx. The replay will be available for at least one year following completion of the call.

The conference call may also be accessed by dialing (866) 393-4306, with conference ID 6098946. Participants outside the U.S. can dial toll-free (734) 385-2616.

About Sonos
Sonos is the leading multi-room wireless smart home sound system. As the inventor of multi-room wireless home audio, Sonos innovation helps the world listen better by giving people access to the content they love and allowing them to control it however they choose. Known for delivering an unparalleled music listening experience, thoughtful home design aesthetic, simplicity of use and an open platform, Sonos makes the breadth of sonic content available to anyone. Sonos is headquartered in Santa Barbara, California. Learn more at www.sonos.com.

Source: Sonos

Contacts
For Investors:
IR@sonos.com

For Media:
PR@sonos.com

Biman Signs Order for Three New Bombardier Q400 Aircraft

TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) — Bombardier Commercial Aircraft announced today that Biman Bangladesh Airlines Ltd. has ordered three new Q400 turboprops by signing a purchase agreement with the Canadian Commercial Corporation (CCC).

Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$106 million.

“We are very pleased that Biman is expanding its Q400 fleet with this order for three new aircraft,” said François Cognard, VP, Sales, Asia Pacific. “The Q400’s greater seating and cargo capacity really set it apart from the competition. Furthermore, the Q400’s mix of turboprop economics and jet like performance were the best match for Biman’s mix of short and long-range routes. Operators coming back for more Q400 aircraft really validates the benefits of the aircraft’s unique characteristics.”

“We are very excited about adding these Q400s to our fleet. We currently operate two Q400s and without hesitation, we can say that these aircraft are ideal for our domestic and regional operations,” said Mr. A M Mosaddique Ahmed, Managing Director and CEO, Biman Bangladesh Airlines. With its outstanding economics, comfort and operational flexibility, the Q400 will allow us to offer high frequency services within Bangladesh and neighboring countries.”

“We are extremely pleased to be supporting Bombardier in selling their Q400 aircraft to Biman Bangladesh Airlines Ltd.,” said Ian McLeod, Vice-President of Business Development and Sales for the Canadian Commercial Corporation. “Canada and Bangladesh enjoy strong bi-lateral ties through trade and investment, development cooperation, and people-to-people links. Increasing the capacity of the national carrier supports these efforts and the economic growth of the country; improving their lives of Bangladeshis by increasing their access to domestic and international destinations.”

About Biman
Biman Bangladesh Airlines is the National Flag Carrier airline of Bangladesh. Its main hub is at Hazrat Shahjalal International Airport in Dhaka and it also operates flights from its secondary hubs at Shah Amanat International Airport in Chittagong and Osmani International Airport in Sylhet. The airline provides international passenger and cargo services to Asia and Europe, as well as all domestic routes inside Bangladesh. Biman currently flies to 15 international and seven domestic routes.

About the Canadian Commercial Corporation
The Canadian Commercial Corporaiton (CCC) is the Government of Canada’s international government-to-government contracting organization. A Canadian Crown corporation, CCC helps Canadian exporters sell goods and services to foreign governments around the world using a government-to-government contract mechanism. In 2017-18, the Canadian Commercial Corporation was active in 78 countries around the world, working with 182 Canadian companies, to sign export contracts worth over $1.3 billion.

About Bombardier
With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to Editors
An image of the Q400 aircraft in the livery of Biman Bangladesh Airlines is posted with this news release at bombardier.com

The Q400 aircraft backgrounder is available in the BCA Media Hub.

For information about Biman Bangladesh Airlines https://www.biman-airlines.com/about

Follow @BBD_Aircraft on Twitter to receive the latest news and updates from Bombardier Commercial Aircraft.

To receive our press releases, please visit the RSS Feed section of Bombardier’s Website.

Bombardier, Q400 and Q Series are trademarks of Bombardier Inc. or its subsidiaries.

For Information

Nathalie Siphengphet
Head of Communications and Public Relations
Bombardier Commercial Aircraft
+1 416-375-3030
nathalie.siphengphet@aero.bombardier.com
www.bombardier.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/60ed20dd-1a55-44d2-b4aa-53dc99f71175