Fred Cromer brings over 25 years of aviation experience to the company, accelerating the introduction of autonomous flight
Xwing, the pioneering aviation autonomy company, today announced the arrival of Fred Cromer to its management team. Cromer joins Xwing as CFO, creating a finance organization to support the company as it prepares to enter the commercial freight market.
Cromer has over 25 years of experience in the aviation industry, including President positions at Bombardier Commercial Aircraft and International Lease Finance Corporation and Chief Financial Officer positions at ExpressJet Holdings and Continental Express. Cromer has facilitated the financial growth of these organizations developing complex technology and will do the same at Xwing, which has been recognized for its transformative autonomous aviation technologies that can be integrated into existing aircraft hardware to meet industry shortages. growth in air freight while improving safety.
In the wake of the current Covid-19 pandemic, global e-commerce sales have jumped to a staggering $ 26.7 trillion, accelerating the industry’s growth in four to six years. Already facing a series of shortages, Xwing, through its commercial air carrier subsidiaries, is helping the aviation industry keep pace with demand.
“My entire career to date has been in aviation. At Xwing, I have the opportunity to be part of a team that will revolutionize regional air mobility by developing and implementing innovative and transformative technology to dramatically reduce the cost of transporting freight and possibly passengers? said Fred Cromer, CFO of Xwing. ?? I am already incredibly inspired by the talent and ambition I have witnessed within the team and look forward to playing a role in the future of Xwing and autonomous aviation. ??
Cromer joins a growing team at Xwing. His appointment as Chief Financial Officer of the Company follows the addition of Jesse Kallman as Vice President of Marketing and Strategy and the addition of key advisors, including Greg Hall, former CEO of Global Air Operations at FedEx, Jeff Martin, former COO of WestAir, and Allan McArtor, CEO of Airbus Americas. This year, the company also announced a funding round of $ 40 million, a valuation of $ 400 million, and partnerships with Inmarsat and Textron Aviation.
?? Fred is a highly respected member of the aviation industry and has been a key player in significant developments in space for the past two decades, ?? said Marc Piette, CEO of Xwing. “We are delighted to have Fred by our side as we develop new financial models throughout this period of significant growth”
As CFO, Cromer is responsible for designing a finance function that evolves with the organization to facilitate rather than hinder growth. This is particularly critical in an industry as regulated and complex as aviation. The addition of Cromer to the company’s management team will be at the heart of Xwing’s journey from development to long-term profitability. This finance function reflects the company’s progress towards implementing autonomous door-to-door flight technology in the commercial cargo market in accordance with FAA regulations.
For more information on Xwing, visit https://xwing.com/.
Xwing is the first company to introduce stand-alone technology for regional air cargo. In an effort to meet the growing demand for unmet logistics, Xwing’s human-managed software stack seamlessly integrates with existing aircraft to enable unmanned regional flight. The company is headquartered in San Francisco, California. To learn more, please visit xwing.com. For media inquiries, email [email protected]
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