Category: stock (Page 14 of 109)

ATP Flight School accelerates growth with purchase of 40 additional Cessna Skyhawk aircraft

December 8, 2023 / WIL BALDWIN

Wichita, Kansas, Business Wire – Textron Aviation (NYSE: TXT) today announced an agreement with ATP Flight School for the purchase of an additional 40 Cessna Skyhawk aircraft to be delivered beginning in 2026. This addition to ATP’s existing fleet of nearly 225 Skyhawks, deployed across more than 85 training centers nationwide, will provide students with access to a modern and advanced fleet in support of their pilot career aspirations.

This agreement marks the fourth fleet purchase, amounting to a total of 135 of Cessna Skyhawks, for ATP’s Airline Career Pilot Program in just over a year, as the flight school scales to train 20,000 airline pilots by 2030.

The Cessna Skyhawk is renowned as the go-to training aircraft in the industry. Its steady flight dynamics, cutting-edge avionics and reliable dispatch history have made it ATP’s trusted training platform for the past three decades.

Cathay Group orders Airbus A350F freighter

December 8, 2023 / WIL BALDWIN

Toulouse, France, December 2023 – Hong Kong’s Cathay Pacific Airways Limited (Hong Kong: 0293) has become the latest carrier to order the all-new Airbus Group SE (Paris: AIR) A350F, following the signature of a purchase agreement for six aircraft. The A350F will join the airline’s cargo division, Cathay Cargo, and will become a central element in its future fleet, bringing new levels of efficiency across its extensive network.

Currently under development, the A350F can carry a payload of up to 111 tonnes and can fly up to 4,700 nautical miles / 8,700 kilometres at significantly lower cost than any other freighter available today. This will enable it to serve all heavy cargo markets, including the world’s biggest freight route between Hong Kong and Anchorage.

Powered by latest technology Rolls-Royce Trent-XWB97 engines, the aircraft will bring a reduction in fuel consumption and carbon emissions of up to 40% when compared with the older 747F and is at least 20% more efficient than its competitor.

The A350F features the largest main deck cargo door in the industry, with fuselage length and capacity optimised around the industry’s standard pallets and containers. Over 70% of the airframe is made of advanced materials, resulting in a 46 tonne lighter take-off weight than the competing derivative. The A350F is also the only freighter aircraft that will fully meet ICAO’s enhanced CO₂ emissions standards, coming into effect in 2027.

Air New Zealand announces BETA’s ALIA launch aircraft for Next Gen Aircraft program

December 7, 2023 / WIL BALDWIN

Air New Zealand (NZX: AIR) has today announced the ALIA as the airline’s first purchase of a next generation aircraft in its Mission Next Gen Aircraft program.

Designed by electric aerospace company BETA Technologies, the battery-powered all-electric aircraft is expected to join Air New Zealand’s fleet in 2026. Air New Zealand is purchasing the conventional take-off and landing version of the ALIA.

The announcement follows an 18-month period of evaluation and diligence by Air New Zealand. Through the airline’s Mission Next Gen Aircraft program, it sought and received ideas and insights from 30 organisations, selecting four partners to work closely with on its goal of launching commercial flights using next generation aircraft in 2026. BETA’s ALIA is the first commercial order in the program.

Air New Zealand will initially operate the aircraft as a cargo only service in partnership with New Zealand Post, on a route being selected through an expressions of interest (EOI) process with airports across Aotearoa.

JetBlue Flights Take Off for Belize Today

December 6, 2023 / WIL BALDWIN

New York, N.Y., December 6. 2023, Business Wire – JetBlue (NASDAQ: JBLU) today announced it has officially launched service between New York John F. Kennedy International Airport (JFK) and Philip S. W. Goldson International Airport (BZE) in Belize City, Belize, with the first flight arriving in Belize this afternoon. JetBlue’s new Belize City service will operate Mondays, Wednesdays, and Saturdays, introducing the airline’s award-winning service and low fares to customers looking to fly directly from New York.

Belize is one of Central America’s most biodiverse countries. It is home to mystical Mayan caves, wondrous aquatic habitats, and lush national parks, touting tropical jungles, wildlife reserves, and cascading flora and fauna. Located along the Caribbean Sea, Belize offers over 185 miles of barrier reef – the largest in the northern hemisphere – family-friendly attractions, romantic escapes, and many other adventures.

With JetBlue’s entrance into Belize City, JetBlue becomes the only airline to offer nonstop service from New York’s JFK to Belize. Belize City will build on JetBlue’s success in the broader region, where it offers service to 26 countries within Latin America and the Caribbean. In recent years, the airline’s network strategy has focused on enhancing international markets, which has translated into current service to 40 international destinations. As a leader at New York’s JFK, JetBlue’s new route to Belize allows JetBlue to continue to grow in under-served geographies while bringing more choices and options to our customers.

Schedule between New York (JFK) and Belize City (BZE)
Operating Mondays, Wednesdays, and Saturdays

JetBlue will operate the Belize City route using its Airbus A320 aircraft, offering the airline’s award-winning service featuring the most legroom in coach^(a); fast, free and unlimited broadband Fly-Fi^(b); complimentary name-brand snacks and drinks; and seatback entertainment at every seat.

(a) – JetBlue offers the most legroom in coach based on average fleet-wide seat pitch for U.S. airlines.

(b) – Fly-Fi® and live television are available on all JetBlue-operated flights. Coverage area may vary by aircraft. Details on inflight wi-fi and entertainment: https://www.jetblue.com/flying-with-us

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.

Rolls-Royce appoints VeraLinn “Dash” Jamieson to North American Board

December 6, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC ((London: RR) announced the appointment of Lt. Gen. VeraLinn ‘Dash’ Jamieson, USAF (ret) to its Board of Directors for Rolls-Royce North America (RRNA).

Lt. Gen. Jamieson served 37 years in the U.S. Air Force, most recently as Director of the Intelligence Surveillance, Reconnaissance and Cyber Effects Operations. She is combat experienced, an operational expert, and an adept air, space and cyber strategist. During her distinguished career, Lt. Gen. Jamieson directed intelligence operations for multiple contingencies to include operations Desert Storm, Allied Force, Unified Response, Enduring Freedom and Iraqi Freedom.

Lt. Gen. Jamieson officially joined the Board on November 30. She will also serve on the Board’s Government Security Committee as part of the RRNA Special Security Agreement with the U.S. Department of Defense.

Forward-Looking Statements

Walmart+ takes flight with Delta Air Lines

December 6, 2023 / WIL BALDWIN

Making your holiday shopping list? No need to check it twice – customers traveling with Delta Air Lines Inc (NYSE: DAL) this holiday season never have to worry about forgetting to pack something again.

Beginning this month, Delta is teaming up with Walmart Inc (NYSE: WMT) and its Walmart+ service on Delta Sync Wi-Fi to offer customers the power and convenience of shopping from the air, with their preferences, all before they land. The convenience to buy while you fly while accessing fast, free Wi-Fi is another example of how Delta is giving SkyMiles Members even more ways to make the most of their time onboard and beyond.

This holiday travel season, SkyMiles Members have even more ways to enjoy their time on board and beyond. With Delta Sync Wi-Fi, customers can shop holiday sales with an exclusive Walmart+ promotion, play new games from New York Times Games, explore new destinations from Atlas Obscura and more.

Walmart+ is the premier retailer of Delta Sync Wi-Fi and the first brand to join the platform since launch in April. Walmart+ joins Paramount+, T-Mobile, New York Times Games, Resy, Atlas Obscura and more as mainstay brands helping to elevate the in-flight experience.

“By teaming up with Walmart+, we’re not only providing our SkyMiles Members with the convenience of shopping from the air, but also ensuring they have access to even more before they touch down,” said Ranjan Goswami, S.V.P. – Customer Experience Design. “The collaboration epitomizes Delta’s commitment to delivering an exceptional experience to our customers.”

Beginning this month, SkyMiles Members can log in to Delta Sync Wi-Fi to join Walmart+ for $98 and earn 2,500 bonus miles plus $10 off their first Walmart.com order. Once they join, customers can maximize their time on board by browsing everything Walmart’s comprehensive membership has to offer: early access to holiday deals, free shipping, free delivery from Walmart stores, an included Paramount+ subscription, savings on fuel and more.

Forward-Looking Statements

American Airlines debuts record schedule for Cancun Mexico

December 6, 2023 / WIL BALDWIN

American Airlines Group (Nasdaq: AAL) is ready to help customers escape winter weather with more flights than any other U.S. carrier to the white sand beaches, impressive archaeological sites and vibrant culture of Cancun, Mexico (CUN). With 40 peak-day flights this winter, American provides plenty of options for customers to take in all that Cancun and the Riviera Maya has to offer this winter.

Starting Dec. 9, American will launch new nonstop flights to CUN from Cincinnati (CVG), Nashville, Tennessee (BNA), and Pittsburgh, Pennsylvania (PIT). This new flying joins the airline’s winter network, growing to 18 nonstop routes to CUN from around the country.

As the largest U.S. airline serving the Yucatan, American will also operate six peak-day flights to Cozumel (CZM) and two daily flights to Merida (MID) this winter, offering customers the most convenient schedule to plan a winter getaway. Starting March 28, American will also launch four daily nonstop flights to Tulum, Mexico (TQO), adding more nonstop service to the region.

Forward-Looking Statements

Nestle cuts ocean transport emissions with Maersk ECO Delivery solution

December 6, 2023 / WIL BALDWIN

Copenhagen, Denmark/Vevey, Switzerland, December 6, 2023 – Nestle SA (SIX Swiss: NESN), the world’s largest food and beverage company, is cutting its ocean logistics greenhouse gas (GHG) emissions by using the Maersk AS (OTC: AMKBY) ECO Delivery solution for 100% of its ocean containers shipped by Maersk in 2023, with an option to extend this agreement into 2024 and beyond. The seaborne emissions of these transports are being reduced by over 80% compared to the usage of conventional fossil fuels.

With ECO Delivery, Maersk customers can handle ocean transports completely with certified green fuels* like second generation biofuel based on waste feedstocks. These fuels are replacing conventional fossil fuels on container ships in Maersk’s fleet. The corresponding GHG emission savings are confirmed to the customers with a certificate.

Nestlé’s goal is a 50% reduction of its total emissions by 2030 and to be net zero by 2050. With scope 3 emissions being the major part of the overall emissions, ECO Delivery is an effective solution for abatement of scope 3 emissions caused by ocean transports. Nestlé’s water beverages and Nespresso have been two pioneering brands using ECO Delivery since 2021.

Today many more of Nestlé’s up to 2,000 brands are reaching the end consumers with a much smaller GHG footprint thanks to Maersk’s ECO Delivery. Furthermore, Nestlé is one of Maersk’s partners in piloting also low GHG emission landside transports, e.g. by rail or electric trucks.

Forward-Looking Statements

Rolls-Royce extends sponsorship of Technology Lab in Friedrichshafen

December 6, 2023 / WIL BALDWIN

Friedrichshafen, Germany, December 6, 2023 – Rolls-Royce Holdings PLC (London: RR) is to prolong its sponsorship of the Friedrichshafen Wissenswerkstatt e.V. (technology lab) and has committed to continuing funding for another five years. That means that the Wissenswerkstatt Friedrichshafen will benefit from a total of 250,000 euros up to 2028. It offers technology courses for children and teenagers from the age of five to eighteen at two locations in Friedrichshafen.

The courses given in the Wissenswerkstatt are not just designed to impart knowledge, but to highlight the enjoyable side of technology. In a relaxed atmosphere, the participants, working in groups of up to 14 or individually, engage in practical projects such as ‘Voltage from Veg – the Potato Battery’, or ‘The Internal Combustion Engine’s, or ‘Robotics – When Machines Do What I Say’.

One contribution Rolls-Royce Power Systems already made to the Wissenswerkstatt is an mtu Series 1600 engine on which participants learn about how an internal combustion engine is structured and works.

The general members’ meeting of the Wissenswerkstatt voted for Martin Stocker, head of training at Rolls-Royce Power Systems, to take up a seat on the board of the organization, which he will be retaining voluntarily in the future.

Forward-Looking Statements

Airbus and BMW Group launch Quantum Computing Competition

December 6, 2023 / WIL BALDWIN

Santa Clara, California, December 6, 2023 – Airbus Group SE (Paris: AIR) and BMW Group (Xetra: BMWG) launch a global Quantum Computing Challenge entitled “The Quantum Mobility Quest” to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers. This challenge is the first-of-its-kind, bringing together two global industry leaders to harness quantum technologies for real-world industrial applications, unlocking the potential to forge more efficient, sustainable and safer solutions for the future of transportation.

Quantum computing has the potential to significantly enhance computational power and to enable the most complex operations that challenge even today’s best computers. In particular, for data-driven industries like the transportation sector, this emerging technology could play a crucial role in simulating various industrial and operational processes, opening up opportunities to shape future mobility products and services.

Challenge candidates are invited to select one or more problem statements: improved aerodynamics design with quantum solvers, future automated mobility with quantum machine learning, more sustainable supply chain with quantum optimisation, and enhanced corrosion inhibition with quantum simulation. Additionally, candidates can put forward their own quantum technologies with the potential to develop native apps yet to be explored in the transportation sector.

The challenge is hosted by The Quantum Insider (TQI) and divided into two parts, a four-month phase where participants will develop a theoretical framework for one of the given statements, and a second phase during which selected finalists will implement and benchmark their solutions. Amazon Web Services (AWS) provides candidates with an opportunity to run their algorithms on their Amazon Braket quantum computing service.

A jury composed of world-leading quantum experts will team up with experts from Airbus, BMW Group, and AWS to evaluate submitted proposals and award one winning-team with a €30,000 prize in each of the five challenges, by the end of 2024.

Registration opens today, and submissions will be accepted from mid-January through April 30, 2024 here: www.thequantuminsider.com/quantum-challenge.

Forward-Looking Statements

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