Category: stock (Page 12 of 109)

Air Lease delivers first of seven Airbus A321-200neo aircraft to Transavia

December 15, 2023 / WIL BALDWIN

Los Angeles, California, December 15, 2023, Business Wire – Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to Transavia Airlines, a subsidiary of Air France KLM SA (Paris: AIRF). This aircraft is the first of seven new Airbus A321s confirmed to deliver to Transavia on long-term lease from ALC’s order book with Airbus and the first A321-200neo to join the Dutch carrier’s fleet.

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.

Ryanair announces corporate travel agreement with SAP Concur

December 15, 2023 / WIL BALDWIN

Dublin, Ireland, December 15, 2023 – Ryanair Holdings PLC (Dublin: RYA), Europe’s No. 1 airline, has today announced a ground-breaking new agreement with SAP Concur (NYSE: SAP), the world’s leading brand for travel, expense, and invoice management, to integrate Ryanair’s low fares and unrivalled network of over 3,300 daily flights to over 230 destinations across 36 countries directly with Concur Travel, further expanding access to Ryanair’s fares and network for corporate travellers.

This exciting new partnership means that corporate customers can now access Ryanair’s industry leading low fares, network of key city connections across Europe with regular morning and evening flights to ensure convenient low-cost corporate travel conveniently through the market-leading Concur Travel online booking tool as well as a dedicated Concur TripLink booking flow on Ryanair’s website/app.

Corporate customers who book Ryanair flights directly through this state-of-the-art travel solution will benefit from significant efficiencies, including automated expense management and the convenience of their booking details being fed into SAP Concur solutions, reducing any unnecessary admin. Through this agreement, registered users will not have to complete Ryanair’s customer verification making their travel experience even more seamless.

Forward-Looking Statements

Lufthansa Group completes sale and leaseback of twelve aircraft

December 15, 2023 / WIL BALDWIN

Deutsche Lufthansa AG (Xetra: LHAG) has entered into an agreement for a sale and lease back of twelve short-haul aircraft. The transaction reflects the Group’s strategy to finance investments in new aircraft through a mix of cash, Japanese Operating Leases (JOLCO’s) and operating leases. The sale and lease back supports the modernization of the fleet of the Lufthansa Group Airlines. New and modern aircraft lower fuel consumption, reduce emissions, and improve ex fuel unit costs.

The transactions were executed with two counterparties, Clover Aviation Capital and long-term business partner BBAM (Babcock & Brown Aircraft Management), for the sale and lease back of twelve Airbus A320 family aircraft at favorable commercial terms. The aircraft are up to two years old and are currently operated by Lufthansa Airlines, Lufthansa CityLine and Eurowings. The sale generates proceeds of 600 million EUR in the fourth quarter of 2023, with the aircraft leased back for a term of 72 months. The resulting lease obligation is recognized as debt under IFRS 16 and amounts to 200 million EUR.

A book gain of 100 million EUR resulting from the sale will be recognized in EBIT. The book gain will not be included in Adjusted EBIT, with the transaction already included in Lufthansa Group’s financial outlook. This assumes net capex to amount between 2.5 and 3 billion EUR in 2023.

Forward-Looking Statements

Turkish Airlines ordering 220 more Airbus aircraft

December 15, 2023 / WIL BALDWIN

Toulouse, France, December 15, 2023 – Turkey’s national carrier, Turkish Airlines (Istanbul: THYAO), will expand its fleet with an order for 220 Airbus Group SE (Paris: AIR) aircraft. The order consists of 150 Airbus A321’s and 70 A350 widebody aircraft. The A350 order consists of 50 A350-900’s, 15 A350-1000’s and 5 A350F reighters. This follows two orders from the airline for 10 A350-900’s in September and four A350-900’s in July 2023. This latest order will take Turkish Airlines’ total orderbook for Airbus aircraft to 504, of which 212 are already delivered.

Forward-Looking Statements

Japan Airlines takes delivery of its first A350-1000

December 14, 2023 / WIL BALDWIN

Toulouse, France, December 14, 2023 – Japan Airlines Co Ltd (Tokyo: 9201) has taken delivery of its first A350-1000 from the Airbus Group SE (Paris: AIR) delivery centre in Toulouse. The A350-1000 is set to become the airline’s new international aircraft, initially flying on the prestigious Tokyo Haneda – New York JFK route.

JAL’s A350 is configured in four classes. The First Class features six Suites, each with a choice of three modes: sofa, seat and single bed or double bed. The Business Class also offers Suites, with 54 seats and privacy doors. Meanwhile, the Premium Economy Class (24 seats) and Economy Class (155 seats) both feature more personal space and comfort in their respective categories. JAL’s A350-1000 cabin has been designed to make passengers immerse in the elegance of Japanese aesthetics and tranquillity. Meanwhile, a serene ambiance highlights the beauty of Japan. The cabin’s stylish interior is tailored to a high quality, high comfort passenger experience which echoes JAL’s renowned service.

JAL has ordered 31 A350 aircraft, comprising 18 A350-900’s and 13 A350-1000’s. The carrier has been operating the A350-900 on high density Japanese domestic routes since 2019. The A350’s unique Airspace cabin is the quietest of any twin-aisle in the sky. It offers passengers and crews the latest modern in-flight products for the most comfortable flying experience. The aircraft’s new generation engines and use of lightweight materials make it the most fuel efficient large widebody aircraft. The A350 is the quietest aircraft in its class featuring a 50 percent noise footprint reduction versus the previous generation aircraft, making it a good airport neighbour wherever it flies.

DHL supply chain deploys first class 8 electric trucks in North America

December 13, 2023 / WIL BALDWIN

DHL Supply Chain (Xetra: DHLn), the Americas leader in contract logistics, announced the deployment of its first Class 8 electric trucks, marking a significant milestone in the company’s commitment to clean and efficient trucking operations. The company currently has two trucks in operation in California and in the coming weeks will take delivery of an additional 11 units to be deployed across Ohio, North Carolina, Pennsylvania, and California.

The deployment represents a significant step forward in the company’s commitment to decarbonizing the transportation sector, one of the largest global contributors to greenhouse gas emissions.

The cutting-edge electric truck boasts impressive capabilities, including:

Zero tailpipe emissions: Electric vehicles (EVs) are considered zero-emission technology (ZET), which means they do not produce any tailpipe carbon dioxide (CO2e) or nitrogen oxide emissions. Each EV that replaces a diesel truck saves, on average, 100 tons of CO2e annually.
Energy conservation: A six month DHL Supply Chain-led pilot of a class 8 EV truck revealed that the truck consumed on average 50% less energy for the same job compared to its diesel counterpart.
Extended range: The EV trucks get up to 250 miles on a single charge, covering the needs of many regional haul routes.
Right-sized charging: Equipped with fast-charging technology and remote monitoring capabilities, the EV trucks enable turnaround times that are aligned with the operational requirements.
Powerful performance: The EV trucks deliver superior horsepower and torque to their diesel counterparts, ensuring seamless integration into existing operations.
Improved driver satisfaction: During the pilot drivers shared a preference for EV over diesel due to its ‘quietness’ and low to no vibrations, leading to less fatigue.

Forward-Looking Statements

Air Canada cargo certifies Opticooler Containers from DoKaSch Temperature Solutions

December 13, 2023 / WIL BALDWIN

Montreal, Quebec, Canada, December 13, 2023 – Shippers and forwarders using Air Canada Cargo (Toronto: AC) can now rely on DoKaSch Temperature Solutions’ Opticooler RKN anywhere serviced by Air Canada’s widebody fleet or dedicated freighters following its certification by Air Canada Cargo. In additional, the Opticooler RAP is also available to shippers, providing reliable packaging of temperature-sensitive products such as vaccines and other pharmaceuticals.

Through Air Canada’s vast international passenger network, in addition to the routes served by its fleet of dedicated freighters, Air Canada Cargo has access to over 300 cities on six continents. Air Canada Cargo’s self-handled hubs in Toronto, Montreal, Vancouver, Chicago, London and Frankfurt provide optimal global connections, and allow for the continuous shipment of goods to and from anywhere in Air Canada’s network.

The Opticooler is a temperature-controlled active packaging solution and comes in two sizes: the RAP containers hold up to five euro-pallets, while the smaller RKN version provides space for one pallet. Both containers are battery-powered, can easily be adapted to any transport scenario, and enable customers to always keep the temperatures of their pharmaceutical products in an internal range between two and thirty degrees at all times.

Forward-Looking Statements

Second successful live fire for RTX Raytheon Lower Tier Air & Missile Defense Sensor

December 13, 2023 / WIL BALDWIN

White Sands Missile Range, New Mexico, December 13, 2023, PRNewswire – Raytheon, an RTX (NYSE: RTX) business, completed another successful live-fire demonstration of the advanced, 360-degree Lower Tier Air and Missile Defense Sensor, known as LTAMDS. This tactical ballistic missile live fire represents the latest in a series of test event successes, closely following the cruise missile live fire test and the recently completed contractor verification testing. All milestones validate the radar’s performance and progression through developmental testing.

For this test event, conducted in partnership with the U.S. Army, a tactical ballistic missile surrogate was launched, flying a threat-representative trajectory. The target was acquired and tracked by LTAMDS, its track data was passed to the Integrated Battle Command System (IBCS) for launch command, and LTAMDS guided a PAC-3, Cost Reduction Initiative (CRI), missile to intercept.

Six LTAMDS radars are currently progressing through integration and test activities simultaneously at multiple government and Raytheon test sites. Formal testing will continue in 2024.

Forward-Looking Statements

An exciting new chapter for Rolls-Royce’s Trent 1000 engine

December 13, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC (London: RR) Trent 1000 engine fleet has surpassed 17 million in service flying hours on the Boeing 787 Dreamliner aircraft family, carrying more than 250 million passengers around the globe since its entry into service in 2011. During that time, the engine has consistently delivered world-class levels of reliability and availability, with more than 99.9% of flights taking off on time. But the journey for the Trent 1000 doesn’t end there.

Our engineers continually explore opportunities to improve the engine and in-service support, to ensure we always deliver value to our customers. We are therefore pleased to announce an exciting new chapter for the Trent 1000. So, what is new?

A new Durability Enhancement package

We are making great progress on a new Durability Enhancement package, due to be available in the third quarter of 2024, which will increase engine time on-wing (TOW) whilst also reducing emissions. A key element of this Durability Enhancement package is a re-engineered high-pressure turbine blade (HPTB) to improve durability. The package also includes improvements to reduce the emissions, which together with the exceptionally low fuel burn of the Trent 1000 TEN, is future proofing the engine for a more sustainable world.

A comprehensive testing program

We have successfully completed a rigorous engine ground test programme and pushed the engine beyond the certification requirements for the new HPTB to validate and gain confidence in our predictions of the benefits it will deliver in service. Our focus has now moved to aircraft-level certification in collaboration with Boeing, and flight testing is underway on a Boeing 787 flight test aircraft. Stay tuned for regular updates!

More about the Trent 1000

Capitalising on the three-shaft architecture of the Trent engine family and incorporating the latest in materials, component and subsystem design and technology, the Trent 1000 was specifically designed and optimised to power the more-electric 787 Dreamliner. It has the highest bypass ratio of any engine in the Trent family and is recognised for being one of the quietest widebody engines in service today.

Since entry into service in 2011, we have been continuously improving both the fuel efficiency and the capability of the Trent 1000.

Forward-Looking Statements

Alaska Air adds Porter Airlines as 30th global airline partner

December 13, 2023 / WIL BALDWIN

Alaska Airlines Group Inc (NYSE: ALK) is welcoming a new global airline partner: Porter Airlines, a growing Canadian carrier that begins its inaugural nonstop service between Toronto and both Los Angeles and San Francisco in January. Those flights, along with flights connecting on Alaska across our West Coast network, can be purchased later today at alaskaair.com. Mileage Plan members who buy Porter flights on our website also earn at least 100% of the miles flown and 100% elite-qualifying miles.

Porter’s new routes will link Los Angeles and San Francisco to Canada’s largest city and beyond with connections to destinations across Eastern Canada including Montreal, Ottawa and Halifax. Porter will fly the Embraer E195-E2 aircraft between California and Toronto, which is known for its quieter flying and greater fuel efficiency than previous generation technology.

Porter is Alaska’s 30^th global partner airline. Porter’s daily nonstop service between Los Angeles-Toronto begins on Jan. 16 with the airline’s operations conveniently located alongside Alaska’s gates at Terminal 6 at LAX. Porter’s San Francisco-Toronto service will launch the following week on Jan. 25. Porter is now selling flights with Alaska connections on its website.

Alaska and Porter will continue to strengthen our partnership next year. Coming in 2024, Mileage Plan and VIPorter members will earn miles in their respective loyalty programs no matter where they book their flights. Next year will bring even more benefits with access to mileage redemptions with enhanced availability for both Mileage Plan and VIPorter members on each other’s airline.

Forward-Looking Statements

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