GLX Update from LinkedInUpdate from GLX: FAA 121 Certification continues to progress as the aircraft conformity review (a major phase 4 event) has started- this is a full nose to tail review by the FAA of every aspect of our first A320 aircraft- all maintenance records, on board equipment, software systems, avionics, etc. are reviewed line by line as a test of our tracking capabilities and our manuals design. Other milestone events including the Mini-evac drill and tabletops are scheduled with all crew and management staff now practicing tabletop scenarios to be fully prepared. We expect the final proving run flight schedule, the last certification hurdle, to be FAA initially approved next week with proving run flights expected to start as soon as tabletops and mini evac are completed and subject to FAA resource availability.
On the revenue flying contracts front, in addition to the major LOIs already signed for South American flying from the US, we have agreed to LOI terms with a major California based resort casino group for a minimum of 50 hours per month, and signed LOI’s for an additional 160 hours per month of flying with major Caribbean and Mexico destinations.
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