Fred Cromer brings over 25 years of aviation experience to the company accelerating the introduction of autonomous flight
Xwing, the company pioneering autonomy for aviation, today announces the addition of Fred Cromer to its executive team. Cromer joins Xwing as its Chief Financial Officer, creating a finance organization to support the business as it prepares to enter the commercial cargo market.
Cromer brings 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 roles at ExpressJet Holdings and Continental Express. Cromer facilitated financial growth for 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 with existing aircraft hardware to meet shortages within the growing air cargo industry while improving safety.
As a result of the ongoing Covid-19 pandemic, global e-commerce sales jumped to an astounding $26.7 trillion, accelerating the industrys growth by between four to six years. Already challenged by 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 a part of a team that will revolutionize regional air mobility by developing and implementing innovative and transformative technology to dramatically lower the cost of transporting cargo and eventually passengers, said Fred Cromer, CFO at Xwing. Im already incredibly inspired by the talent and ambition Ive witnessed on the team and look forward to playing a part in the future of Xwing and autonomous aviation.
Cromer joins a fast-growing team at Xwing. His appointment as the companys CFO arrives on the heels of the companys addition of Jesse Kallman as Vice President of Commercialization and Strategy and addition of key advisors, comprising of Greg Hall, former CEO of Global Air Operations at FedEx, Jeff Martin, former COO at WestAir, and Allan McArtor, Chairman and CEO of Airbus Americas. This year, the company has also announced a $40M funding round, $400M valuation, and partnerships with Inmarsat and Textron Aviation.
Fred is a well-respected member of the aviation industry and has been a key player in significant developments within the space over the past two decades, said Marc Piette, CEO at Xwing. Were excited to have Fred on our side as we develop new financial models through this significant period of growth”
As CFO, Cromer is responsible for crafting a finance function that evolves with the organization to facilitate rather than hinder growth. This is especially critical in an industry as regulated and complex as aviation. Cromers addition to the companys executive team will be central to Xwings path from the development phase into long-term profitability. This financial function reflects the companys progress toward implementing autonomous gate-to-gate flight technology across the commercial cargo market in accordance with FAA regulation.
For more information on Xwing, visit https://xwing.com/.
Xwing is the first company to introduce autonomous technology for regional air cargo. With the goal of meeting growing unmet logistics demand, Xwings human-operated software stack seamlessly integrates with existing aircraft to enable regional pilotless flight. The company is headquartered in San Francisco, CA. To learn more, please visit xwing.com. For media inquiries, email [email protected]
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