The 10 Most Influential Leaders in the Aviation & Aerospace Industry

VOL 03 I ISSUE 18 I 2024 The 10 Most Influen?al LEADERS in the Aviation & Aerospace Resurrec?ng the Industry Concorde Era The Race for Supersonic Travel Green Skies Victor Pacheco Chief Executive Sustainable Innova?ons in Avia?on Fuel Officer Arajet Navigating the Skies: Navigating the Skies: Navigating the Skies: Victor Victor Victor Pacheco’s Pacheco’s Pacheco’s Approach to Leadership Approach to Leadership Approach to Leadership in Aviation in Aviation in Aviation

Aviation is Proof that Given the will, Aviation is Proof that Given the will, we have the Capacity to Achieve we have the Capacity to Achieve the Impossible. the Impossible.

Approaching in Flight to Innovations n the vast expanse of the sky, where dreams take By investing in eco-friendly technologies and flight and innovation knows no bounds, leaders in practices, they are not only safeguarding the planet I the aviation and aerospace industry stand as the but also future-proofing their businesses against architects of tomorrow's possibilities. Their vision, regulatory pressures and consumer demands. determination, and relentless pursuit of excellence are shaping the industry's future, propelling humanity However, perhaps their greatest contribution lies in towards new horizons and beyond. their commitment to fostering talent and diversity within the industry. Recognizing that innovation At the heart of this sector, these leaders are not thrives on diversity of thought and perspective, they merely pilots of their respective companies; they are are championing initiatives to attract and retain a pioneers, pushing boundaries and challenging diverse workforce. By breaking down barriers and conventions. Their influence extends far beyond promoting inclusivity, they are ensuring that the boardrooms and hangars, reaching into the realms of aviation and aerospace sector remains a vibrant and technology, sustainability, and global connectivity. inclusive ecosystem where everyone has the opportunity to soar. Innovation lies at the core of their ethos. From revolutionary aircraft designs to cutting-edge As we look to the skies of tomorrow, let us take a propulsion systems, these leaders are driving the moment to appreciate The 10 Most Influential industry towards extraordinary levels of efficiency, Leaders in the Aviation & Aerospace Industry who safety, and performance. They understand that are shaping the future of the industry. Their stagnation is not an option in the advancing time. dedication, ingenuity, and passion are transforming Thus, they foster a culture of creativity and the way we travel and explore and are inspiring experimentation, encouraging their teams to think generations to come. In their hands, the sky is not the boldly and embrace the unknown. limit—it's just the beginning of a new chapter in humanity's journey towards progress and discovery. Moreover, sustainability is not just a buzzword for these leaders-it's a moral imperative. Recognizing the Flip through the pages and have a delightful read! environmental impact of aviation, they are spearheading initiatives to reduce carbon emissions, minimize waste, and embrace renewable energy sources. Editor's Anish Miller Note

PROFILE PROFILE PROFILE 14 18 28 Navigating the Skies Victor Pacheco’s Approach to Leadership in Aviation Giuseppe Carusi Claus Grunow Tim Barber Redefining Aircraft Driving Innovation in Corporate Pioneering the Future Acquisition Strategies of Underwater Exploration Strategy and Digitalization in the Aviation industry C X O 08 COVER STORY 26 The Story of Sonja Kohn A R T I C L E S 22 32 Resurrec?ng the Green Skies CONTENTS Concorde Era Sustainable Innova?ons The Race for Supersonic Travel in Avia?on Fuel

Featured Person Company Name Brief Antoine Rostworowski Antoine plays a pivotal role in driving strategic initiatives and Senior Vice President, Airport council International overseeing commercial operations for the organization. Programmes and aci.aero Commercial Services Bob Criner Bob is a visionary entrepreneur and business leader, known for Stralis Aircraft (YC W23) Pooja M Bansal Co-founder and his strategic acumen and passion for innovation. stralis.aero CEO Editor-in-Chief CONTENT Claus Grunow Claus has been dedicated to driving organizational success FOLLOW US ON Fraport AG VP, Corporate Strategy through effective strategic planning and execution Deputy Editor Anish Miller fraport.com www.facebook.com/ciolook & Digitalization Managing Editor Katherine Debora www.twi?er.com/ciolook WE ARE ALSO AVAILABLE ON Under Giuseppe's leadership, the company has achieved Giuseppe Carusi iSpace2o Srl significant milestones and garnered recognition for its DESIGN Founder and CEO ispace2o.com groundbreaking solutions and services. Visualizer Dave Bates Art & Design Director Davis Mar?n Mohamed Rahma Mohamed's dedication to excellence and commitment to International Civil Aviation CONTACT US ON innovation have earned him recognition as a trusted authority in Associate Designer Jameson Carl Director of Air Organization air transport management. Transport Bureau icao.int Email info@ciolook.com SALES For Subscrip?on Senior Sales Manager Wilson T., Hunter D. Sonja emerges as a pivotal figure with a rich history of Sonja Kohn BESTFIT Ltd. www.ciolook.com pioneering contributions. Founder bestfithi.com Customer Success Manager Tim Walsh Copyright © 2024 CIOLOOK, All rights reserved. The content and Sales Execu?vesTim, Smith images used in this magazine should Steve has been dedicated to driving positive change through Steve Armitage not be reproduced or transmi?ed in Heathrow technology, with a focus on delivering impactful solutions that Head of Technology TECHNICAL any form or by any means, heathrow.com address real-world challenges. Design & Innovations electronic, mechanical, Technical Head Peter Hayden photocopying, recording or otherwise, without prior permission Technical Consultant Victor Collins Sue-anne Munckton Sue's collaborative approach and focus on employee from CIOLOOK. Civil Aviation Reprint rights remain solely with development have earned her recognition as a trusted leader CEO and Business and Academy Pty Ltd SME-SMO CIOLOOK. and mentor in the organization. Training Manager caaa.com.au Research Analyst Eric Smith SEO Execu?veAlen Spencer From market analysis and valuation to negotiation and closing, Tim Barber Duncan Aviation Tim is dedicated to ensuring a seamless and successful Aircraft Sales and duncanaviation.aero experience for his clients. Acquisition sales@ciolook.com Víctor continues to lead the organization with integrity, passion, and a relentless drive for success, positioning it for Victor Pacheco Arajet March, 2024 continued growth and excellence in the years to come. CEO arajet.com

Cover Story Navigating the Skies Victor Pacheco Chief Executive Officer V Viic ct to or r P Pa ac ch he ec co o’ ’s s Arajet Approach to Leadership in Aviation My influence in the aviation industry is centered on encouraging the democratization of the skies in the whole American continent while also promoting a culture of innovation, safety and excellence at the best market prices.

ictor Pacheco stands as a pioneer in the announced a strategic partnership with Bain Capital poised to set a new benchmark for excellence in the industry. aviation industry’s ongoing mission for and Griffin Global Asset Management, reinforcing V accessibility and affordability. Nearly a decade Arajet’s mission to revolutionize air travel in the ago, confronted with sky-high airfares and limited Dominican Republic and beyond. Through firm dedication to their lofty standards, Arajet is primed to lead by example, setting a course for travel options for Dominicans, Victor embarked on a bold quest to reshape the landscape of air travel. His Join the tale of leadership that exemplifies resilience, unparalleled service in the aviation sector. With determination stemmed from the stark reality of pricey innovation and a relentless pursuit of democratizing air Victor’s vision at the helm, Arajet isn’t just flying planes; they’re shaping the future of air travel. tickets and his family’s deep-rooted ties to financial travel for millions of travelers! services within the Dominican diaspora. Shared Leadership Strategies Safety First Despite facing initial doubts from investors even within his own family, Victor pressed on undeterred. Fueled by Approaching leadership in the aviation and aerospace The aviation realm requires navigating complexity meticulous research and resolve, his vision for a sector demands a nuanced perspective. Victor reflects, demands transparency and clear communication. Victor asserts, “Every team member at Arajet plays a budget-friendly connecting airline in the Dominican “In my experience, it’s about fostering a top-tier team to Republic persisted. accomplish our objectives.” He acknowledges the crucial role in ensuring passenger safety and our company’s multifaceted nature of the industry and recognizes the success.” He champions an open office format at headquarters fostering a familial atmosphere where To be precise, his efforts bore fruit in August 2015, impossibility for any individual to possess every when Victor received certifications from the Instituto requisite skill. connections flourish. Dominicano de Aviación Civil (IDAC) and the Junta de Victor’s emphasis on transparency underscores his Aviación Civil (JAC) to launch flying operations. This “Shared leadership is my mantra,” he emphasizes. “I milestone marked the beginning of his journey as a believe in assembling a talented team, each proficient in commitment to inclusivity and collaboration, vital resolute leader in the Dominican aviation sector. By their respective roles, to collectively propel us towards components in the aviation industry’s intricate June 28, 2017, Victor took on the role of Chief landscape. By prioritizing direct and open success.” Victor’s approach underscores the Executive Officer at Arajet, pioneering the collaborative essence essential for navigating the communication, he cultivates a sense of shared establishment of the country’s first low-cost carrier. complexities of aviation. It’s not merely about responsibility and purpose among team members. In individual prowess but harnessing collective expertise Victor’s vision, every individual contributes to the In November 2021, Victor expanded his influence towards common goals. collective mission ensuring Arajet’s continued beyond Arajet, taking on the role of Chairman at Laytrip, dedication to safety and excellence in the skies. Inc.—a global layaway travel provider facilitating real- His philosophy resonates beyond aviation and time flight and hotel bookings worldwide. advocates for inclusive leadership styles adaptable to Curiosity Fuels Progress diverse fields. Victor epitomizes the essence of Throughout his career, Victor’s commitment to collaborative leadership, steering his team towards Innovation thrives on curiosity. Victor affirms, “At innovation and growth has remained untiring. During excellence in the skies and beyond. Arajet, we foster a culture where every team member is Arajet’s launch ceremony on March 14, 2022, he empowered to contribute ideas.” Through collaborative Connecting Continents efforts including brainstorming sessions and partnerships, Arajet remains at the forefront of “At Arajet, our mission transcends mere business emerging technologies and trends. objectives,” Victor affirms. “We’re dedicated to As a leader, I bet on democratizing the skies across the American continent.” Victor’s emphasis on continuous learning and transparency and direct With fervor, he speaks of instilling a culture marked by adaptation ensures their business model evolves to and open innovation, safety and excellence, all while maintaining meet the needs of the ever-changing aviation communication to ensure competitive prices. This aspiration, once his personal landscape. By embracing a mindset of curiosity and that every team member dream, now galvanizes the entire Arajet team. “We’re encouraging staff involvement at all levels, Arajet is committed to making travel accessible to everyone,” he introducing innovative solutions and sustainable understands how declares. growth in the industry. important their roles are to our passenger’s safety Victor envisions transforming the Dominican Republic Mutual Success and the success of Arajet. into the premier connecting hub of the Americas. It’s not just about strategic geography—it’s about the Effective stakeholder relationships hinge on proactive warmth, professionalism and exceptional customer engagement and mutual respect. Victor notes, experience offered by the people. He believes Arajet is

“Our focus is on shared goals and a commitment to mutual measures for operational efficiency, including daily success.” He stresses the importance of trust and long- flight plans based on updated data to minimize term rapport in the aviation sector. emissions. “Partnerships must be built on integrity and accountability,” Through these initiatives, Arajet not only reduces its he emphasizes. Victor’s approach underscores the environmental footprint but also promotes sustainable significance of transparent and principled interactions tourism internationally. Victor’s commitment to with stakeholders. By prioritizing trust and mutual sustainability underscores Arajet’s role as a responsible benefit, Arajet cultivates enduring relationships vital steward in the aviation industry, setting a precedent for for navigating the complexities of the aviation industry. eco-friendly practices that benefit both passengers and the planet. Flying Green Cultivating Talent, Elevating Aviation “Sustainability is ingrained in Arajet’s identity,” Victor asserts. “From naming our aircraft after natural parks to Arajet is revolutionizing aviation in the Dominican investing in fuel-efficient technology, we prioritize eco- Republic. Led by seasoned professionals from top conscious practices.” Arajet boasts one of Latin America’s airlines worldwide, we foster a culture of knowledge most efficient fleets, with Boeing 737 8 MAX aircraft transfer and opportunity. Victor envisions a virtuous equipped with ultra-quiet CFM LEAP-1B engines. cycle wherein aviation becomes an example of opportunity in the Dominican Republic. Victor highlights the substantial environmental benefits: “Our new fleet emits 350,000 metric tons less “Our goal is to empower Dominican professionals to rise CO2 and saves over 250 million pounds of fuel annually.” through the ranks,” he affirms. Arajet’s commitment to Continuous improvement is key—Arajet implements nurturing local talent ensures that the aviation sector not only thrives but also becomes a vehicle for upward Communication in the Clouds mobility and success. By investing in its people, Arajet not only elevates the industry but also paves the way Victor reflects. “I’m a leader in progress, always seeking for a brighter future for aviation in the Dominican challenges and learning opportunities.” He underscores the importance of effective communication in the Republic. safety-focused aviation industry. He asserts that Weathering the Storm openness, empathy and transparency are crucial. “Resilience is the name of the game,” Victor asserts. Victor’s commitment to continuous growth and clear “Building Arajet over nine years instilled in us a communication ensures a strong foundation for leadership in the aviation sector. By prioritizing these commitment to overcoming challenges.” He highlights the My dream is to generate a team’s resilience and adaptability in navigating qualities, he fosters trust and collaboration within his virtuous cycle of knowledge uncertainties. Victor emphasizes, “We prioritize scenario team driving success and safety in the skies. transfer in the Dominican planning and risk management to minimize disruptions.” Republic, transforming aviation Arajet’s culture fosters cost efficiency without The Sky’s the Limit compromising quality, laying a robust foundation to into a sector synonymous with “Democratizing the skies is my goal,” Victor reiterates. weather potential downturns. opportunity. “Making air travel accessible and safe across America.” This Victor’s dedication to surpassing obstacles underscores succinctly captures his overarching mission in the aviation sector—to expand access to safe and reliable Arajet’s steadfastness in the volatile aviation sector. By embracing resilience and proactive measures, Arajet air travel for all. not only survives but thrives amidst complexity. This resilience is a guiding principle that ensures Arajet’s longevity and success in the face of adversity.

Claus Grunow Driving Innovation in Corporate Strategy and Digitalization in the Aviation industry ntering the realm of corporate strategy and significant international presence with investments and transformation, Claus Grunow, VP of Corporate operations in 30 airports around the world. Fraport AG E Strategy & Digitalization at Fraport AG, brings a also provides a range of airport-related services, wealth of experience carved from years of dynamic including ground handling, retail and real estate Claus Grunow roles within the transportation industry. Commencing management, along with security services. With VP of Corporate Strategy his journey at Deutsche Bahn AG in 2005, he quickly Frankfurt Airport, Fraport operates one of the busiest & Digitaliza?on ascended through the ranks by spearheading pivotal and most important airports in Europe. Fraport is projects in quality and innovation management. known for its focus on sustainable and environmentally Fraport AG friendly airport operations and is committed to By 2010, his strategic acumen led him to the helm of delivering high-quality services to passengers and Deutsche Bahn’s global growth strategy heading major airlines. Only recently, we introduced our new M&A endeavors and overseeing the realignment of corporate strategy named ‘Fraport.2030.’ substantial business units. The realignment of our group strategy includes the Transitioning to Deutsche Bahn Connect GmbH in introduction of a new corporate slogan—Connecting the 2014, Claus embarked on a transformative mission of world with tomorrow. It reflects the shift in our group revitalizing the new mobility sector with innovative strategy and provides a new emotional umbrella for the strategies and initiatives. Under his leadership, the same. Serving as a mission statement, the slogan division reversed its financial trajectory and also constitutes a pledge that clearly and memorably birthed two successful spin-offs propelling the com- reflects our commitment. Its language, message and pany into new realms of success and influence. visual design highlight the Fraport Group’s values and international identity. In 2019, Fraport welcomed Claus into its fold, entrust- ing him with the monumental task of fortifying the company’s digital maturity amidst the challenges of the COVID-19 pandemic. With firm determination, Claus and his team have fostered a robust ecosystem of over 800 partners, driving rapid innovation across all facets In the future, we will see of Fraport’s global operations. Additionally, he has ourselves even more championed a cultural shift towards agile corporate strongly as a large management while nurturing talent within his team and paving the way for a future brimming with strategic community that is united foresight and innovation. by a common understanding—At On a mission of strategic innovation and digital transforma- support each other.““ tion, let’s dive into an exclusive interview with Claus Fraport, we s?ck together uncovering the future of transportation and corporate across all divisions and strategy! Group companies and Tell us more about your company and its mission and vision. Fraport AG is a leading global airport operator and service company based in Germany. The company has a 14 15 www.ciolook.com | March 2024 | www.ciolook.com | March 2024 |

In response to political, economic, and societal trends, roles. The goal is to appoint a minimum proportion of From a customer perspective, the use of Artificial Intelligence is likely to significantly change the travel the aviation industry is evolving more than ever before. 30 percent of women to senior management roles. The Customers now expect airport operators to maintain current figures show that we ended the 2021 fiscal year experience at the airport. It is quite conceivable that a outstanding infrastructure with exacting standards of with 27.1% of women at the first and second reporting completely contactless and touchless travel process will be possible in the future. Biometric baggage drop- security, efficient and digitalized processes, along with levels of the Group (at Frankfurt Airport), meaning that convincing products and services. Society, investors we have not yet achieved our target. off and biometric passage through certain checkpoints and policymakers are also stepping up their demands are already possible today. Further, technical innovations will help to initially reduce waiting times for our industry to make tangible contributions to To promote gender diversity, an extended package of measures and the new Group-wide program and eventually eliminate waiting times altogether. The protecting the climate and environment. ‘Empowering Leaders’ are shining a light on female customer experience can thus be individualized and raised to a new level. Last but not least, there is a shortage of workers across employees in particular, to encourage them to apply for executive roles. Male employees and fathers in all roles and qualifications, particularly—airport operators are impacted by this. The resulting strategic management are also being supported—for instance, if With this course of action, we are making Fraport ready for a successful future! challenges make it necessary to update the group’s they want to take on more family responsibility. These initiatives promote and strengthen not just diversity at strategy. With Fraport.2030, we are therefore laying the groundwork for addressing future strategic Fraport AG, but our entire corporate culture. Where do you envision yourself to be in the long run and what are your future goals for your company? challenges, seizing opportunities and ensuring our Within the Corporate Strategy team, we are committed enterprise’s future viability. to diversity and have a female quota of 50%. I am also In 2030, we will impress our customers across all categories with our products, services and effective What methodologies do you implement that personally involved as a mentor in various programs that serve to promote young female employees. innovations while ensuring that passengers at all of our contribute to new growth opportunities? airports are delighted with our excellent service and quality. Our operations will be characterized by Our corporate group’s Fraport.2030 strategy contains What values do you incorporate to enhance the work culture of your company? smooth, frictionless processes allowing us to work fundamental decisions on the direction in which we want to head. It is aimed at sustainably safeguarding much more efficiently. the future and profitably growing our business. In For us, it is all about our values—Competence and addition to pointing the way for the long-term reliability, in combination with commitment, openness, Additionally, we will have evolved into a truly development of our business, the new Fraport.2030 courage, and trust mark the heart of our work and international group with a culture, mindset and opportunity to present their ideas and use cases for our group strategy also addresses the changed success. Strong cooperation is the most important knowledge-sharing that reflect our global reach. In the Fraport airports. The format was developed to drive expectations that customers have regarding the lever. The successful implementation of the new Group future, we will also be recognized as one of the most forward future innovations in all areas of the company products and services of a globally leading airport strategy Fraport.2030 also requires further attractive employers in the aviation industry fostering a and thus improve our competitive position. operator. We therefore regard it as a shared and development of our working methods as part of our management culture based on mutual trust, curiosity overarching task to ensure a pleasant passenger corporate culture. and performance recognition. The winning technologies from the Open Pitch Day will journey for our customers. begin a project with Fraport AG’s Digital Factory. The In the future, we will see ourselves even more strongly Furthermore, we will be the company with the world’s Digital Factory is a virtual organizational unit This goal is reflected in our three main strategic as a large community that is united by a common best know-how for operating climate-friendly airports comprised of digitalization and technical experts. It priorities—growth and sustainability, innovation and understanding—At Fraport, we stick together across all achieving financial success, robustness and stability works to further develop digitalization at Fraport and efficiency, and being an employer of choice. Our group’s divisions and Group companies and support each other. while growing profitably. We will have successfully to promote digital transformation throughout all of our expanded our international business, acting sustainably further cultural evolution will also play an important Only by working together, we can achieve our customer processes. Using our knowledge in and considering ourselves as part of each region in role in attaining our strategic aims while emphasizing aspirations and goals! combination with new solutions and opportunities to the strategic dimension of working together within our which we operate. create the future of aviation, we hope to successfully mission. By defining these focuses for our long-term What, according to you, could be the next significant contribute to new growth opportunities. corporate development, we are making it clear that we change in your sector? How are you preparing for the don’t regard growth and sustainability as contradictory change? What strategies do you implement to promote gender aims but rather as inseparable prerequisites for our diversity for various leadership positions at your future success. The most important strategic challenges in the aviation company? industry are growing customer expectations , increased To further contribute to the group’s growth, Fraport is relevance of sustainability and a tense labor market Numerous studies have shown that mixed male and also sticking with proven methodologies like our Open situation . Fraport will embrace these challenges and female management teams benefit businesses, Fraport Pitch Day which serves as a public application and promote commitment to change, especially therefore aims to appoint more women to executive pitching project to give various providers the demographic change can be a catalyst for innovation . 16 17 www.ciolook.com | March 2024 | www.ciolook.com | March 2024 |

Don’t shy away from chalenges. Giuseppe Carusi Embrace them as opportunities for Pioneering the Future of Underwater Exploration growth and learning. Overcoming obstacles will only iuseppe Carusi—Founder & CEO at iSpace2o, is What methodologies do you implement that make you more rising above the crowd with a profound contribute to new growth opportunities? resilient and Giuseppe Carusi G connection to the sea and a relentless drive for Founder & CEO capable. innovation amidst the vast expanse of the maritime iSpace2o is implementing robotic technology as 3D iSpace2o industry. Hailing from the coastal town of Marina di printers for prototyping parts and 6-axis Carrara, Italy, where his fascination with the ocean took anthropomorphic robots to carve models and build root, Carusi’s journey into the depths of maritime molds. Also, the latest CNC machinery and 3D innovation began early. From his youth spent sailing the modeling software will help us in our creations. waves to exploring its depths as a diver, Carusi developed a keen awareness of the limitations plaguing First of all, iSpace2o is an R&D company dedicated to marine technologies. implementing high-tech solutions from other fields, like automotive and aerospace into marine craft In 1992, while in California, he embarked on a ground- engineering as well as using eco-sustainable materials breaking endeavor with a friend, contributing to the like Paulownia wood for decks and onboard furniture as development of the pioneering Bionic Dolphin—the well as recyclable materials in construction. world’s first submersible hydrofoil. Hindered by the technological constraints of the era, the project lay iSpace2o wants to be a think tank for young talents dormant until the advent of electric powertrains and willing to share their creativity in designing and Ion Lithium batteries. With renewed vigor in 2015, building the marine crafts and technologies of Carusi resurrected his vision culminating in the design tomorrow with an eye towards sustainability and lower of the DeepSeaker—a revolutionary underwater craft. carbon footprint. We have a plan to become net zero carbon by planting a number of Paulownia trees—with Today, as the visionary leader behind iSpace2o, Carusi the ability to absorb 10 times the CO2 of any other remains steadfast in his mission to propel the maritime tree—to compensate for the carbon footprint of every sector into a new era of sustainable innovation. boat that we will produce. Let’s discover the depths of innovation with Carusi as he We are also keeping an eye towards the future by shares his journey of revolutionizing the maritime industry experimenting with hybrid hydrogen technology on our in an exclusive interview! powertrains to be able to transition our boats to the cleanest available fuel nature offers in the near future. Tell our audience more about your company and its mission and vision. Please share your learning of the business world. In 2019, I founded iSpace2o as an innovative startup to I have been in marketing for years in various field develop the DeepSeaker to which a series of electric applications related to industrial production boats and water toys were recently added. Today, we equipment. The boating industry has experienced are in the process of acquiring a production facility in various trends, including a growing demand for Sardinia to carry out prototyping and aim to having the recreational boating. There has been a rise in the first e-boats ready for the market before end of 2024. popularity of smaller, more affordable boats driven by younger consumers and those new to boating. 18 19 www.ciolook.com | March 2024 | www.ciolook.com | March 2024 |

Advancements in technology have influenced the I think the boating industry in general is becoming more design and manufacturing of boats with a focus on fuel and more focused on low environmental impact so efficiency, automation and smart technologies. Electric cleaner energy propulsion systems and to a certain and hybrid propulsion systems have gained attention as extent also self-generation of energy by solar, wind and the industry explores more sustainable options. This hydrogen will be key. has prompted the development of eco-friendly technologies and materials. Where do you envision yourself to be in the long run and what are your future goals for your company? Recreational boating is a significant driver of the industry. Key segments include powerboats, sailboats, I hope that iSpace2o will set a new standard in the eco- yachts, and personal watercraft. Consumer preferences sustainable marine ecosystem as well as lead the way in are diverse and understanding as well as adapting to sustainable energy powertrain innovation and changing preferences is vital for success. innovative applications to obsolete marine technologies. I hope to bring iSpace2o to the forefront What strategies do you implement to promote gender of the industry and expand to world markets. diversity for various leadership positions at your company? What advice would you give to the next generation of women leaders willing to venture into the modern In iSpace2o, we advocate for diversity and inclusion in business arena? the workplace. We recognize the value of diverse perspectives and work towards creating an inclusive Have confidence in your abilities and believe that you environment for everyone. iSpace2o will establish and deserve a seat at the table. Trusting yourself is the first communicate clear equal opportunity policies to ensure step towards gaining the confidence of others. Stay that all employees have an equal chance of curious and commit to continuous learning, the advancement regardless of gender. business world evolves rapidly and therefore being adaptable and open to acquiring new skills will serve We will offer leadership development programs you well. specifically designed to identify and nurture the talents of women within the organization. This may include Don’t shy away from challenges. Embrace them as mentorship programs and skill-building initiatives. opportunities for growth and learning. Overcoming obstacles will only make you more resilient and capable. What values do you incorporate to enhance the work Be assertive in communicating your achievements and culture of your company? aspirations. Don’t Fear Failure—Failure is a natural part of the learning process. Don’t let the fear of failure hold In iSpace2o, it is the results that count and we believe you back. Instead, view it as an opportunity to learn, that the wellbeing of our workforce is paramount. To grow and refine your approach. this extent, we will provide flexible work arrangements, such as remote work options or flexible schedules to Embrace your unique qualities and use them to your accommodate the needs of both men and women advantage in leadership. As you progress in your career, particularly those with caregiving responsibilities. This use your influence to advocate for other women. includes creating an environment where all employees Support initiatives that promote gender equality and feel respected, included and have a sense of belonging. create opportunities for women in the workforce. What, according to you, could be the next significant Remember that every leader’s journey is unique and change in your sector? How are you preparing for the there is no one-size-fits-all approach. Adapt these change? pieces of advice to your personal circumstances and aspirations. Always stay true to your authentic self. We are keeping an eye towards the future by experimenting with hybrid hydrogen technology on our powertrains to be able to transition our boats to the cleanest available fuel nature offers in the near future. 20 www.ciolook.com | March 2024 |

Green Skies Sustainable Sustainable Innovations in Aviation Fuel Aviation Fuel 22 23 www.ciolook.com | March 2024 | www.ciolook.com | March 2024 |

he aviation industry is increasingly embracing produce hydrogen and synthetic hydrocarbons, offer a Certification and Standards Compliance emissions and noise pollution in aviation. Electric sustainable innovations in aviation fuel as part of scalable and sustainable solution for aviation fuel aircraft utilize battery-powered electric motors or T efforts to mitigate its environmental impact and production. PtL technologies enable the use of Ensuring the safety, performance, and sustainability of hybrid systems combining traditional engines with transition towards a greener future. This article renewable energy sources, such as solar and wind sustainable aviation fuel requires adherence to electric propulsion to achieve lower fuel consumption, explores the latest developments in sustainable power, to decarbonize the aviation sector. rigorous certification standards and regulatory quieter operation, and reduced environmental impact. aviation fuel (SAF), highlighting initiatives aimed at frameworks. Certification bodies, such as the reducing carbon emissions, enhancing energy Hydrogen Aviation Roundtable on Sustainable Biomaterials (RSB) and the Carbon Capture and Utilization (CCU) efficiency, and promoting environmental stewardship in International Sustainability and Carbon Certification the skies. Hydrogen-powered aircraft represent a cutting-edge (ISCC), verify the sustainability credentials of aviation Carbon capture and utilization (CCU) technologies innovation in sustainable aviation, offering zero- fuel feedstocks and production processes. capture CO2 emissions from industrial processes or Rise of Sustainable Aviation Fuel (SAF) emission flight with only water vapor as a byproduct. directly from the atmosphere and convert them into Research and development efforts are underway to Investment in Research and Development valuable products, including synthetic fuels, chemicals, Sustainable aviation fuel, derived from renewable and building materials. CCU offers a pathway to develop hydrogen fuel cells, hybrid-electric propulsion feedstocks such as biomass, waste oils, and synthetic decarbonize aviation by offsetting emissions from jet systems, and liquid hydrogen storage solutions for Continued investment in research and development is fuels, offers a promising alternative to conventional jet commercial aviation applications. essential for accelerating the development and fuel combustion and promoting circular economy fuel derived from fossil sources. SAF has the potential commercialization of sustainable aviation fuel principles. to significantly reduce greenhouse gas emissions and Carbon Offsetting and Emission Reduction Strategies technologies. Funding for research initiatives, pilot contribute to the aviation industry's sustainability projects, and demonstration facilities supports Renewable Aviation Fuels Certification and Standards goals. In addition to sustainable fuel alternatives, the aviation innovation in feedstock cultivation, fuel production, industry is implementing carbon offsetting and distribution infrastructure, and aviation biofuel testing. Establishing robust certification schemes and Biofuels and Biomass-to-Liquid (BTL) Technologies emission reduction strategies to mitigate its sustainability standards for renewable aviation fuels is environmental impact. Carbon offset programs, crucial to ensure their environmental integrity and Biofuels and Sustainable Feedstocks Biofuels produced from biomass sources, including sustainable aviation partnerships, and operational market acceptance. Industry initiatives such as the algae, plant oils, and agricultural residues, are being efficiency measures help airlines and airports minimize Aviation biofuels derived from sustainable feedstocks Roundtable on Sustainable Biomaterials (RSB) and the developed as sustainable alternatives to traditional jet their carbon footprint and support global climate goals. such as algae, waste oils, agricultural residues, and non- Sustainable Aviation Fuel Certification Program (SAF- fuel. Biomass-to-liquid (BTL) technologies convert food crops offer a renewable alternative to Cert) are working to develop criteria for verifying the organic waste materials into high-quality synthetic Government Incentives and Policy Support conventional jet fuel. These biofuels have the potential sustainability and traceability of biofuels. fuels, providing a renewable and carbon-neutral to significantly reduce greenhouse gas emissions and solution for aviation fuel production. Government incentives, subsidies, and policy dependence on fossil fuels while promoting agricultural frameworks play a crucial role in promoting the sustainability and rural development. Waste-to-Energy Initiatives adoption of sustainable aviation fuel and driving innovation in the aviation sector. Tax incentives, grants Hydrogen-Powered Aircraft Waste-to-energy initiatives are harnessing organic for research and development, and carbon pricing waste streams, such as municipal solid waste, mechanisms encourage investment in sustainable Hydrogen-powered aircraft represent a promising agricultural residues, and food waste, to produce aviation technologies and infrastructure. avenue for sustainable aviation. They leverage renewable fuels for aviation. By diverting waste from hydrogen fuel cells or combustion engines to generate landfills and incineration, these initiatives reduce Collaboration and Industry Partnerships clean energy for propulsion. Hydrogen offers high greenhouse gas emissions and promote circular energy density and emits only water vapor when economy principles in the aviation sector. Collaboration between industry stakeholders, including burned, making it an environmentally friendly airlines, aircraft manufacturers, fuel suppliers, and alternative to traditional jet fuel. Synthetic Fuels and Power-to-Liquid (PtL) government agencies, is essential for advancing Technologies sustainable innovations in aviation fuel. Public-private Electric Propulsion and Hybrid Technologies partnerships, industry consortia, and research alliances Synthetic fuels produced through power-to-liquid (PtL) facilitate knowledge sharing, technology transfer, and Electric propulsion systems and hybrid-electric aircraft processes, which utilize renewable electricity to market deployment of sustainable aviation solutions. are gaining traction as viable solutions for reducing 24 25 www.ciolook.com | March 2024 | www.ciolook.com | March 2024 |

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Tim Barber Redefining Aircra? Acquisi?on Strategies im Barber, presently positioned as Aircraft Sales MISSION and Acquisition at Duncan Aviation is a T distinguished figure, bearing a career trajectory Provide industry-leading business aviation products rich with diverse experiences. Unlike many in his field, and services through the engagement and development Tim’s journey transcends the realms of conventional of our team members while investing in equipment, brokerage. From being a part of the leadership team in facilities, new capabilities, and technologies to further a management buyout to navigating the intricacies of extend our leading position and enduring legacy. the London Stock Exchange, he wielded his expertise as a PLC Director, responsible for 2,000 personnel and a VISION staggering GBP 200 million in turnover. Connect with people and build relationships worldwide Venturing into the entrepreneurial sphere, Tim Co- by expanding and empowering our aviation family to founded JetBrokers Europe, a venture that burgeoned provide safe, efficient and high-quality products as well into JetBrokers Inc. marking his exit in 2015. His tenure as services while promoting personal growth and a with Air Partner offered a brief interlude before the healthy life balance. allure of Duncan Aviation beckoned. Tim’s career is marked by a distinct departure from the corporate What methodologies do you implement that tumult he once inhabited. Stepping away from the contribute to new growth opportunities? confines of boardroom politics and mass employment dynamics, he embraced the realm of aircraft brokerage I am constantly networking within the business aviation with fervor. sector as well as amongst ultra-high-net-worth advisors. Much of my business comes from Family For Tim, professional fulfillment transcends the mere Offices and other advisors, so ensuring I’m visible both transactional bounds. He is one with deliberate choices, physically and online is important. In terms of online eschewing the conventional for the bespoke, where presence, my primary focus is on LinkedIn, where I post each aircraft sale exemplifies his ethos. a few times each week but only ever on Business Aviation, and 99% of these posts are related to the sale Let’s delve into a conversation with the paragon of of business jets. I don’t watch the countless self- seasoned expertise, offering a bespoke touch in an industry promotional videos that are constantly on my timeline, pulsating with transactions! quite simply because I’m too busy. Tell us more about your company and its mission and What strategies do you implement to promote gender vision. diversity for various leadership positions at your company? Duncan Aviation is the largest, privately owned service provider in business aviation worldwide. Started in At Duncan Aviation, fostering diversity is not just a 1956 as an aircraft sales business it has grown and value, but a commitment deeply ingrained in our ethos. diversified and now employs close to 3,000 team We recognize the profound impact that a diverse team members, with most of these being focused on the brings, amplifying creativity and enhancing problem- maintenance, repair and overhaul (MRO) operations of solving capabilities. Our dedication to diversification the most popular business jets in use today. Our extends beyond traditional boundaries, reaching out to mission and vision are clearly and publicly stated: communities where awareness of business aviation as a viable career path may be lacking. 28 29 www.ciolook.com | March 2024 | www.ciolook.com | March 2024 |

What, according to you, could be the next significant change in your sector? How are you preparing for the change? The Business Aviation sector is always at the forefront of technology in the aviation sector and not surprisingly the emergence of new, low-carbon technologies will be I think the opportunities are pioneered within the sector. Whilst there was much “ media coverage of the first flight across the Atlantic by there to be seized and most of a Virgin airliner flying entirely on SAF (Sustainable the prejudices that have Aviation Fuel), the reality is that it was a Gulfstream aircraft that completed it first. existed throughout my career have now either disappeared We’re seeing e-VTOL (Electric Vertical Take Off and fortunately. “ Landing) aircraft being developed at a phenomenal or been significantly reduced, pace as well as electric aircraft. What’s more, research into the use of hydrogen for business aviation is also advancing well. Where do you envision yourself to be in the long run and what are your future goals for your company? I’m closer to the end of my career than the beginning, so How do you approach mentoring and sharing your my future is very much more about supporting others in business insights with younger individuals interested the sector to achieve greater results. I have a fantastic in aircraft brokerage or entering the business aviation network that I want to continue to work with for the sector? benefit of my colleagues. I am often contacted by younger people seeking upheld by every member of our organization, endorsed Through partnerships with educational institutions The company will continue to develop and grow as the guidance on how to become an aircraft broker or how by leadership at all levels. Rooted in a culture of spanning middle and high schools, trade schools, sector evolves. Over recent years we have expanded to break into business aviation and I’m always happy to listening, learning and proactive action, our approach to universities, and cultural centers, we endeavor to our operations and now have a manufacturing division. offer some guidance. I’ve been a mentor to students at diversity, equity and inclusion at Duncan Aviation is introduce a broader demographic to the opportunities We also continue to invest in additional hangarage and one of my former universities, and that is something steadfast. within our industry. Our Apprenticeship Programs new paint facilities. No doubt one of the big changes that has proven mutually beneficial. However, despite exemplify this commitment, offering hands-on skill will see Duncan Aviation supporting the new my broad business career, I’ve never been motivated to What values do you incorporate to enhance the work development and clear pathways to obtaining vital technologies as they come online. lecture others on how it should be done or offer culture of your company? certifications. lifestyle advice. On the corporate side, here are Duncan Aviation’s Our Diversity, Equity and Inclusion (DEI) statement What advice would you give to the next generation of stated values. We: articulates our unwavering stance on these principles. women leaders willing to venture into the modern Ÿ Deliver the highest-quality products and services. We define diversity not merely as a surface-level business arena? Ÿ Communicate with transparency. attribute, but as a holistic amalgamation of individual Ÿ Charge fair prices and provide efficient turn-times. differences encompassing characteristics, values, As a father of 3 daughters, I think it’s an exciting time Ÿ Lead through action, innovation and continuous beliefs, and experiences. Equity is not just a buzzword for women in the workplace. I think the opportunities improvement. but a practice embedded in our hiring, evaluation and are there to be seized and most of the prejudices that Ÿ Focus on solutions and act as trusted advisors. promotion processes, ensuring equal access to have existed throughout my career have now either Ÿ Respect others and are accountable for our actions. opportunities for all team members. disappeared or been significantly reduced, fortunately. Ÿ Maintain an inclusive team approach. It’ll perhaps take some more years for all of the Ÿ Value honesty, integrity, loyalty, and trust. Inclusion, for us, is intentional; it’s about fostering a misogynistic dinosaurs to disappear from business but Ÿ Promote safety, health and wellness. culture where every voice is heard, respected and the days where it was the ‘norm’ are behind us, which is Ÿ Support our communities and respect the empowered. Our commitment to DEI is not a a good thing. environment. standalone initiative but a collective responsibility Ÿ Are proud to be the best at what we do. 30 31 www.ciolook.com | March 2024 | www.ciolook.com | March 2024 |

Resurrecting the Concorde Era he dream of supersonic travel, once epitomized by the iconic Concorde, is experiencing a resurgence as T aerospace companies and startups embark on a new race to reinvent high-speed air travel. This article delves into the latest developments in the quest for supersonic flight, exploring the technologies, challenges, and potential impact of resurrecting the Concorde era in the 21st century. Revolutionizing Air Travel: Supersonic travel promises to revolutionize air travel by drastically reducing flight times and opening new possibilities for global mobility. With speeds exceeding Mach 1, supersonic aircraft can cut transcontinental travel times in half, enabling passengers to reach their destinations faster and more efficiently. The Legacy of the Concorde: The Concorde, a symbol of engineering marvel and luxury air travel, captured the world's imagination with its sleek design and blistering speed. Despite its retirement in 2003, the Concorde's legacy continues to inspire a new generation of aerospace innovators seeking to revive supersonic commercial flight. Technological Advancements: Advances in aerodynamics, materials science, and propulsion technology have paved the way for the development of next-generation supersonic aircraft. Companies like Boom Supersonic, Aerion Supersonic, and Spike Aerospace are leveraging cutting-edge technologies to design and build faster, quieter, and more fuel-efficient supersonic jets. Sustainability Challenges: While supersonic travel offers unparalleled speed and convenience, concerns about environmental impact and sustainability loom large. Supersonic aircraft produce sonic booms, consume The Racefor Supersonic Travel 32 33 www.ciolook.com | March 2024 | www.ciolook.com | March 2024 |

From the Wright Brothers to Beyond significant fuel, and emit greenhouse gases, raising Collaboration with Aviation Stakeholders: questions about noise pollution, carbon footprint, and Collaboration between aerospace companies, the stars, Aviation and Aerospace continue regulatory compliance in an era of growing climate regulatory agencies, airlines, and airport authorities is consciousness. essential for the successful reintroduction of to Redefine what's Possible. supersonic travel. Industry partnerships and Regulatory Hurdles: The reintroduction of supersonic stakeholder engagement initiatives facilitate knowledge sharing, regulatory alignment, and commercial flight faces regulatory hurdles and certification challenges, as aviation authorities grapple coordinated efforts to address technical, operational, with safety standards, noise regulations, and and infrastructure challenges associated with community concerns. Addressing regulatory supersonic flight. requirements and securing airworthiness certifications are critical milestones for bringing supersonic aircraft Infrastructure Readiness and Airport Upgrades: The to market. reintroduction of supersonic travel requires upgrades to airport infrastructure, including runway lengthening, Market Demand and Viability: The success of noise mitigation measures, and terminal enhancements supersonic travel hinges on market demand, to accommodate supersonic aircraft. Investing in commercial viability, and competitive pricing relative to infrastructure readiness ensures that airports can subsonic alternatives. While there is significant interest support the safe and efficient operation of supersonic from high-net-worth individuals, business travelers, flights and deliver a seamless passenger experience. and premium passengers, the long-term sustainability of supersonic air travel depends on achieving Safety and Reliability Assurance: Ensuring the safety economies of scale and widespread adoption. and reliability of supersonic aircraft is paramount to gaining public trust and regulatory approval. Aerospace Economic and Business Implications: The revival of companies prioritize rigorous testing, certification supersonic travel has far-reaching economic and processes, and quality assurance protocols to business implications, from aerospace manufacturing demonstrate the airworthiness and operational and supply chain logistics to tourism, hospitality, and integrity of supersonic jets, instilling confidence in urban development. Supersonic flight could reshape passengers, operators, and regulatory authorities. global travel patterns, stimulate economic growth, and catalyze innovation in related industries, creating new Luxury and Premium Travel Experiences: Supersonic opportunities for investment and job creation. flight offers a unique opportunity to redefine luxury and premium travel experiences, catering to discerning Future Prospects and Challenges: Despite the passengers who value speed, comfort, and exclusivity. technological and regulatory challenges, the race for Premium cabin amenities, personalized services, and supersonic travel continues unabated, fueled by a bespoke travel experiences enhance the allure of vision of faster, more connected, and more accessible supersonic travel, attracting affluent travelers and air transportation. As companies push the boundaries driving demand for high-end aviation services. of innovation and collaboration, the future of supersonic flight holds promise for a new era of high- The resurgence of interest in supersonic travel speed air travel, rekindling the spirit of adventure and represents a bold leap forward in the quest for faster, exploration that defined the Concorde era. more efficient air transportation. While the road ahead is fraught with challenges, from technological hurdles Noise Reduction Technologies: Addressing the issue of and regulatory complexities to environmental concerns sonic booms and noise pollution is paramount for the and market dynamics, the allure of supersonic flight reintroduction of supersonic flight. Aerospace remains undiminished. As aerospace pioneers strive to companies are investing in innovative noise reduction resurrect the Concorde era and usher in a new age of technologies, such as shaped sonic boom signatures high-speed air travel, the race for supersonic and advanced engine designs, to minimize the supremacy promises to captivate imaginations, inspire disruptive effects of supersonic travel on communities innovation, and reshape the future of aviation in the and the environment. 21st century. 34 www.ciolook.com | March 2024 |

Exploring the skies Exploring the skies Exploring the skies and beyond: where courage and beyond: where courage and beyond: where courage meets engineering in the world meets engineering in the world meets engineering in the world of aviation and aerospace. of aviation and aerospace. of aviation and aerospace.

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The 10 Most Influential Leaders in the Aviation & Aerospace Industry

The 10 Most Influential Leaders in the Aviation & Aerospace Industry

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