Category: News (Page 13 of 138)

Azul announces $200M credit facility to finance engine maintenance

December 28, 2023 / WIL BALDWIN

Sao Paulo, Brazil, December 26, 2023 – Azul S.A. (NYSE: AZUL), the largest airline in Brazil by number of flights and cities served, announces that its subsidiaries Azul Linhas Aereas Brasileiras S.A. (“ALAB”) and Azul Investments LLP have received approval to access a new US$ 200 million secured credit facility. The facility will be used to finance engine maintenance of ALAB’s Embraer and Airbus fleet, performed by GE Celma Ltda. (a subsidiary of GE Aerospace). The Brazilian Guarantees Agency – ABGF (Agencia Brasileira Gestora de Fundos Garantidores e Garantias) was the rapporteur. The Export Financing and Guarantee Committee – COFIG (Comite de Financiamento e Garantia das Exportacoes) approved the transaction under the conditions presented by ABGF.

About Azul

Azul S.A. offers 1,000 daily flights to over 160 destinations. With an operating fleet of over 180 aircraft and more than 16,000 Crewmembers, the Company has a network of 300 non-stop routes as of September 2023. Azul was named by Cirium (leading aviation data analysis company) as the most on-time airline in the world in 2022, being the first
Brazilian airline to obtain this honor. In 2020, Azul was awarded best airline in the world by TripAdvisor, first time a Brazilian Flag Carrier earns number one ranking in the Traveler’s Choice Awards. For more information, please visit www.voeazul.com.br/ir

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Maersk signs MoU with City of Yokohama and Mitsubishi Gas Chemical

December 28, 2023 / WIL BALDWIN

Yokohama, Japan, December 27 – AP Moeller – Maersk A/S B (London: 0O77) announced today that the company has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC). This collaborative agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024. It also highlights the parties’ shared commitment to sustainable initiatives and the transition towards a greener future.

Maersk has an ambitious target of achieving net-zero emissions by 2040 throughout its entire business. For shipping, it will equip its 25 container vessels with dual-fuel engines capable of sailing on green methanol. The successful implementation of this initiative heavily relies on the establishment of port bunkering infrastructure for methanol worldwide.

The City of Yokohama oversees the Port of Yokohama, which includes the Minami-Honmoku container terminal operated by APM Terminals Japan. The port stands as Japan’s deepest water berth, boasting a total length of 1,600 meters and a draft of 18 meters. It features advanced STS cranes, capable of reaching out up to 24 rows. Since the opening of Yokohama Port in 1859, it has served as a pivotal gateway to Japan and Asia. As part of its commitment to achieving carbon neutrality by 2050, Yokohama is at the forefront of developing Japan’s green shipping corridors.

The collaboration will focus on examining operational feasibility and developing port facilities required for green methanol bunkering at the Port of Yokohama. Through joint efforts, the partners seek to drive innovation, foster safety, and accelerate the adoption of sustainable methanol solutions in the maritime industry in Japan.

Forward-Looking Statements

Airbus delivers first aircraft from new final assembly line in Toulouse, France

December 28, 2023 / WIL BALDWIN

Toulouse, France, December 27, 2023 – Airbus Group SE (Paris: AIR) has successfully delivered its first Airbus A321neo assembled at its newest A320 Family Final Assembly Line (FAL) in Toulouse.

The A321neo, which will be operated by Pegasus Airlines, the leading low-cost carrier (LCC) in Turkey, is the first delivery from Airbus’ latest state-of-the-art production facility. Located in the former A380 “Jean-Luc Lagardere” building, the assembly line reflects Airbus’ commitment to modernise and meet the growing global demand for the A321neo, which now accounts for nearly 65% of Airbus’ A320 Family order backlog.

Pegasus Airlines’ current Airbus fleet stands at 93 aircraft, including 6 A320ceo, 46 A320neo and 41 A321neo. The airline also has 68 A321neo’s on order.

The delivery of the aircraft to Pegasus Airlines marks the start of the ramp-up of the new Toulouse FAL, which together with the other A320 Family FALs in Hamburg, Germany, Mobile, Alabama, USA, and Tianjin, China will contribute to Airbus’ objective of producing 75 A320 Family aircraft per month in 2026.

Forward-Looking Statements

South African Airways expands partnership with SunExpress

December 26, 2023 / WIL BALDWIN

Johannesburg, South Africa – South African Airways (SAA) has signed a memorandum of understanding (MoU) with SunExpress (a joint venture of Lufthansa and Turkish Airlines), to support the national carrier’s operations with four aircrafts in the 2024/2025 financial year.

The MoU is an add-on to the current six-month damp lease agreement, which was started in October this year and include the lease of two Boeing 737-800’s as well as maintenance and cockpit crew. The MoU was signed by SunExpress CEO Max Kownatzki and SAA CEO Prof. John Lamola at a joint press event in Johannesburg, on Thursday, 14^th December 2023.

In addition to plans to increase the number of damp lease aircraft, SAA and SunExpress are currently exploring options for a multi-year reciprocal capacity support and further cooperation with regards to maintenance, training and commercial support.

Bombardier announces firm order for 12 Challenger 3500 jets

December 26, 2023 / WIL BALDWIN

Bombardier Inc (OTC: BDRBF) has announced that the company received a firm order for 12 Challenger 3500 aircraft. The transaction for the firm order is valued at US$326.4 million based on list prices. The customer has chosen the super-midsize market leader for its outstanding performance, refined cabin and sustainably minded features.

The Challenger 3500 jet offers an unmatched in-flight experience to meet and exceed the expectations of the most discerning travelers. The aircraft’s flawless design provides an unparalleled cabin experience and elevates passengers’ comfort with Bombardier’s revolutionary Nuage seats and cutting-edge cabin technology. With an industry-leading dispatch reliability of over 99.8%, as well as outstanding range and runway performance, the Challenger 3500 aircraft offers the ultimate package, with access to the most remote locations while delivering Bombardier’s signature smooth ride from takeoff to landing.

Deliveries are set to begin in the second half of 2025.

Forward-Looking Statements

Hyatt Unbound Collection debuts Hotel Fluela Davos in the Swiss Alps

December 25, 2023 / WIL BALDWIN

Chicago, Illinois – Hyatt Hotels Corporation (NYSE: H), one of the world’s fastest-growing hospitality brands, announced today the opening of Hotel Flüela Davos, marking the latest development in Hyatt’s portfolio growth in Europe, Africa and the Middle East, and the newest addition to The Unbound Collection by Hyatt brand. Hotel Flüela Davos joins three existing Hyatt hotels in Switzerland and signals Hyatt’s continued commitment to growing its luxury brands in sought-after destinations in Europe.

Located in the heart of Davos, and against the backdrop of the majestic “Magic Mountain,” the hotel is a story-worthy symbol of Swiss heritage. Built at a time when stagecoaches were the primary mode of travel for merchants and postal services, Hotel Flüela extended its hospitality to weary travelers – a tradition that endures to this day. For 155 years, this cherished landmark has been an essential part of Davos’ journey from a secluded Alpine village to a world-renowned mountainside health resort and spa town, and eventually to a thriving global hub for business and leisure. Today, Hotel Flüela Davos offers worldly independent travelers Swiss Alpine comfort in a captivating luxury setting.

Forward-Looking Statements

Hahn Air partners with Air Moana

December 25, 2023 / WIL BALDWIN

Hahn Air welcomes Air Moana in its leading partner portfolio. Its flights are available in major GDSs under the Hahn Air Technologies X1 code. Travel agents in 190 markets worldwide can book the domestic airline from French Polynesia via the standard reservation process and issue tickets on the insolvency-safe HR-169 document.

Air Moana is a domestic carrier based at Papeete Faa’a Airport (PPT) in French Polynesia. It was founded in 2021 and it currently serves seven destinations with a fleet of two ATR72-600 aircraft.

More information about Air Moana and other Hahn Air partners is available under Partner Carriers.

Boom Supersonic selects Honeywell Anthem integrated flight

December 25, 2023 / WIL BALDWIN

Boom Supersonic, the company building the world’s fastest airliner, has selected the Honeywell International (Nasdaq: HON) Anthem integrated flight deck for its Overture aircraft. As part of the agreement between the two companies, Honeywell’s next-generation flight deck and its modular avionics platform will be incorporated into Overture.

The Honeywell Anthem flight deck will be tailored for Overture’s specific mission requirements, helping to enable exceptional situational awareness and enhanced safety. The advanced avionics interface provides continuity to Overture pilots from initial simulator-based flight training through to actual flights. Honeywell successfully completed the first flight of its Anthem integrated flight deck using its Pilatus PC-12 test aircraft in May 2023, paving the way for Federal Aviation Administration certification.

As a pioneer in integrated modular avionics, Honeywell has successfully matured multiple generations of flight deck technology. Honeywell’s unmatched expertise in the development and certification of large and complex avionics systems provides a foundation for the development and certification of a new generation of integrated avionics onboard Overture.

Forward-Looking Statements

Ethiopian Airlines and Citigroup Sign $450M Loan Agreement

December 25, 2023 / WIL BALDWIN

Ethiopian Airlines, Africa’s largest carrier, today announce a landmark USD $450 million loan agreement that will finance five new Boeing (NYSE: BA) aircraft: three Boeing 737-8 and two Boeing 777F Cargo.

The loan will be secured against the value of the five planes and has been arranged exclusively by Citigroup (NYSE: C) Corporate Banking and Export Agency and Finance teams. It is guaranteed by the Export-Import Bank of the United States (EXIM).

The five new aircraft will bolster Ethiopian Airline’s fleet to 150 in total and delivery of all the aircraft will be completed in the U.S. state of Washington in December. The new arrivals will help Ethiopian serve all its destinations by accelerating its expansion throughout the world and will further bolster Ethiopian Cargo & Logistics Services’ position as Africa’s largest cargo network operator. Ethiopian Airlines has ambitions to grow its fleet to over 270 aircraft by 2035.

Forward-Looking Statements

Norse Atlantic Airways extending flights from Oslo to Bangkok

December 23, 2023 / WIL BALDWIN

Norse Atlantic Airways ASA (Oslo: NORSE) is pleased to announce the continuation of its highly successful direct flights from Oslo to Bangkok in the upcoming summer 2024 season. Following a highly anticipated launch in the winter of 2023, this route has quickly become a traveller favourite, connecting two vibrant cities and catering to the increasing demand for affordable direct flights to Thailand.

Fares start from NOK 3869 one way including all fees and taxes and are available to book now on www.flynorse.com

Norse Atlantic exclusively operates modern Boeing 787 Dreamliner aircraft. The cabin offers passengers a relaxed and comfortable travel experience with each seat including a personal, state-of-the-art entertainment experience. Our Norse Premium cabin offers an industry leading 43” seat pitch and 12” recline, allowing passengers to arrive at their destination feeling refreshed and ready to explore their destination.

Norse Atlantic offers two cabin choices: Economy and Norse Premium. Passengers can choose from a simple range of fares, Light, Classic and Flextra, that reflect the way that they want to travel, and which options are important to them. Light fares represent Norse’s value option, while Flextra fares include the maximum baggage allowance, two meal services and increased ticket flexibility.

Forward-Looking Statements

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