December 6, 2021

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Xwing Hires Seasoned Aviation Executive From Bombardier, International Lease Finance Corporation, as Chief Financial Officer

3 min read

Fred Cromer brings above 25 yrs of aviation experience to the firm accelerating the introduction of autonomous flight
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SAN FRANCISCO, CA – WEBWIRE


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Xwing, the company revolutionary autonomy for aviation, now announces the addition of Fred Cromer to its govt team. Cromer joins Xwing as its Main Economic Officer, creating a finance group to assist the company as it prepares to enter the industrial cargo industry.

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Cromer delivers about 25 years of working experience in the aviation sector, which includes President positions at Bombardier Professional Aircraft and International Lease Finance Corporation and Chief Money Officer roles at ExpressJet Holdings and Continental Categorical. Cromer facilitated monetary expansion for these corporations producing intricate know-how and will do the identical at Xwing, which has been identified for its transformative autonomous aviation systems that can be built-in with current plane hardware to meet shortages inside of the increasing air cargo field while bettering protection.

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As a result of the ongoing Covid-19 pandemic, world wide e-commerce product sales jumped to an astounding $26.7 trillion, accelerating the industry’s progress by involving four to 6 decades. Currently challenged by a sequence of shortages, Xwing, via its business air carrier subsidiaries, is serving to the aviation marketplace retain tempo with demand. 

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“My complete vocation to date has been in aviation. At Xwing, I have the opportunity to be a portion of a crew that will revolutionize regional air mobility by producing and utilizing modern and transformative engineering to substantially decreased the cost of transporting cargo and sooner or later passengers,” said Fred Cromer, CFO at Xwing. “I’m previously incredibly inspired by the expertise and ambition I’ve witnessed on the team and glance ahead to actively playing a section in the potential of Xwing and autonomous aviation.”

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Cromer joins a fast-escalating staff at Xwing. His appointment as the company’s CFO arrives on the heels of the company’s addition of Jesse Kallman as Vice President of Commercialization and Approach and addition of essential advisors, comprising of Greg Hall, former CEO of Global Air Functions at FedEx, Jeff Martin, previous COO at WestAir, and Allan McArtor, Chairman and CEO of Airbus Americas. This calendar year, the company has also announced a $40M funding spherical, $400M valuation, and partnerships with Inmarsat and Textron Aviation. 

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”Fred is a nicely-respected member of the aviation market and has been a vital participant in major developments in the area more than the earlier two many years,“ mentioned Marc Piette, CEO at Xwing. ”We’re enthusiastic to have Fred on our aspect as we develop new monetary styles by this significant interval of progress”

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As CFO, Cromer is accountable for crafting a finance purpose that evolves with the organization to facilitate somewhat than hinder expansion. This is primarily critical in an business as regulated and elaborate as aviation. Cromer’s addition to the company’s government workforce will be central to Xwing’s path from the improvement section into long-time period profitability. This economical function reflects the company’s development toward applying autonomous gate-to-gate flight technologies throughout the commercial cargo market in accordance with FAA regulation. 

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For extra information on Xwing, go to https://xwing.com/. 

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About Xwing

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Xwing is the 1st firm to introduce autonomous technology for regional air cargo. With the aim of conference increasing unmet logistics need, Xwing’s human-operated software stack seamlessly integrates with present aircraft to allow regional pilotless flight. The company is headquartered in San Francisco, CA. To study additional, make sure you take a look at xwing.com. For media inquiries, email [email protected]

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