Category: stock (Page 4 of 109)

Lufthansa equips more short and medium haul aircraft with broadband Internet

January 24, 2024 / WIL BALDWIN

Chat with your loved ones at an altitude of 10,000 meters, shop online while travelling or use the company VPN above the clouds without limits: In future, all passengers travelling on European routes will have the reliable option of using Wi-Fi on board. Deutsche Lufthansa AG (Xetra: LHAG) will therefore continue to equip its short and medium-haul aircraft with broadband Internet on three of its airlines this year. The plan is to fully equip all aircraft in the Airbus A220/320 family (A220, A319, A320ceo, A320neo, A321ceo, A321neo) operated by Lufthansa, Austrian Airlines and now also SWISS, in total more than 150 aircraft.

The installation of the system will begin at all airlines from the fourth quarter of 2024 and will be completed after around two years. After Lufthansa, Austrian Airlines and Eurowings, SWISS will thus be the next airline in the Lufthansa Group to introduce in-flight internet for its passengers on short- and medium-haul aircraft. Lufthansa, Austrian Airlines and Eurowings have been offering their passengers broadband internet on many short- and medium-haul flights since 2017.

New is that Lufthansa and Austrian Airlines are now offering their guests unlimited free messaging on aircraft already equipped with internet access. Travellers can send and receive as many messages as they like on their own smartphone or tablet free of charge during the flight. The prerequisite for using this service is logging into FlyNet with a Miles & More service card number or with an e-mail address registered with the Lufthansa Group Travel ID. For all other onboard Internet packages, such as the faster Premium access, now available from just six euros, the price was reduced by almost 50 per cent at the beginning of the year.

The use of the Lufthansa Group Airlines apps and many services in the FlyNet portal of Lufthansa and Austrian Airlines, in the Wings Connect portal of Eurowings and in future also in the SWISS Connect portal are generally free of charge in all Airbus A220/A320 aircraft equipped with broadband Internet. Depending on the airline, guests can follow their flight live on the moving map, for example, receive information on connecting flights, use the chat assistant for service questions, download e-journals, browse the Worldshop or view the onboard menu.

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.

French Ministry of Interior orders 42 Airbus H145 helicopters

January 24, 2024 / WIL BALDWIN

Marignane, France, January 24, 2023 – The French Armament General Directorate (DGA) ordered 42 new Airbus Group SE (Paris: AIR) H145 helicopters at the end of 2023, on behalf of the Ministry of Interior, with deliveries set to start in 2024. Of these 42 helicopters, 36 are destined for the French rescue and emergency response agency, Securite Civile, while the French law enforcement agency, Gendarmerie Nationale, will use six. The contract includes an option for a further 22 H145’s for the Gendarmerie Nationale and a range of support and service solutions from training to spare parts, as well as a complete initial support package for the aircraft.

The Securite Civile currently operates four five-bladed H145’s that were ordered in 2020 and 2021. The 36 H145’s will progressively replace the 33 EC145’s currently in operation for rescue and air medical transport services throughout France.

The six H145’s will initiate the renewal of the Gendarmerie’s fleet, composed of Ecureuils, EC135’s and EC145’s. They will be equipped with an electro-optical system and a mission computer to perform the most demanding law enforcement missions.

Forward-Looking Statements

Joby to install first electric air taxi charger in New York City region

January 23, 2024 / WIL BALDWIN

Santa Cruz, CA, Jan 23, 2024 — Joby Aviation, Inc. (NYSE: JOBY), a company developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, today announced it has signed a definitive agreement with Helo Holdings, Inc., (“HHI”), to install the first air taxi charger in the greater New York City region at the company’s heliport in Kearny, New Jersey, located just a two minute flight from Manhattan.

The agreement, which provides Joby with an operational base for its electric air taxi in the NYC region, builds on the partnership already established between Joby and HHI in November 2023, when Kearny served as a temporary home base for Joby’s aircraft. Joby completed several flights at Kearny in preparation for the Company’s exhibition flight in New York City at an event hosted by the New York City Economic Development Corporation and Mayor Eric Adams. The city has committed to electrify the Downtown Manhattan Heliport to enable electric air taxi operations.

First opened in 2011, the Kearny heliport is the largest vertical-lift facility on the east coast with 27 parking spots for helicopters and plans to expand to 32. The heliport provides ground services as well as hangar space for maintenance operations to helicopter operators in the NYC region, one of the busiest low-altitude corridors in the world.

As part of the agreement, HHI will upgrade its electrical infrastructure to support the installation of Joby’s Global Electric Aviation Charging System (“GEACS”), designed to support the safe and efficient operation of all electric aircraft under development today, including Joby’s quiet, emissions-free air taxi.

Forward-Looking Statements

Saab receives Boeing order to produce T-7A fuselage systems

January 23, 2024 / WIL BALDWIN

Saab has received an award from Boeing to produce T-7A aft fuselage systems. The order value for Saab is USD 101.7 million (approximately SEK 1 billion) and the order was booked in the fourth quarter 2023.

The T-7A aft fuselage systems will be produced at Saab’s advanced manufacturing facility in West Lafayette, Indiana.

The order from Boeing comes after the first two T-7A Red Hawks successfully arrived at U.S. Air Force bases for developmental flight tests. The first T-7A went to Edwards Air Force Base and the second went to Eglin Air Force Base.

Airbus Helicopters sign services contract with Heligo for H145 fleet

January 22, 2024 / WIL BALDWIN

Hyderabad, India, January, 2024 – Airbus Group SE (Paris: AIR) has signed an HCare Initial contract, a comprehensive by-the-hour services contract with Heligo Charter Private Limited for six Airbus H145 helicopters deployed for offshore and onshore operations in India.

Under this five-year contract, Heligo will benefit from Airbus’ HCare Initial program, which will give the operator the freedom to replace scheduled and unscheduled components within 24 hours and pay a fixed rate per hour of helicopter flown. This will help Heligo to bring down their maintenance costs and the need to keep a regular inventory, thereby providing them with enhanced fleet availability for streamlined operations.

The H145 is the latest member of the company’s twin-engine rotorcraft product range – with designed-in mission capability and flexibility, especially in high and hot operating conditions. Compact in size, this helicopter’s small footprint and large, flexible cabin enables maneuvering in complex environments, such as oil and gas helidecks.

Forward-Looking Statements

Lockheed Martin delivers first C-130J-30 Super Hercules to the Georgia Air National Guard

January 22, 2024 / WIL BALDWIN

Marietta, Georgia, January 22, 2024, PRNewswire – Lockheed Martin (NYSE: LMT) delivered the first of eight C-130J-30 Super Hercules tactical airlifters to the Georgia Air National Guard during a ceremony today, commemorating a new era in Hercules operations for this longtime C-130 Hercules operator.

The 165th Airlift Wing, the first C-130 operator in the state of Georgia, received its initial Hercules in 1975 and has operated several variants over the years. The Savannah-based unit will now operate the C-130J-30 Super Hercules, which offers unprecedented power, space, integration and versatility.

This delivery marks the first U.S. Air Force C-130J-30 aircraft to receive the Block 8.1 configuration during its initial production. The Block 8.1 configuration improves interoperability across the fleet with features such as a new flight management system, enhanced navigation and inter-communication systems and updated friend-or-foe identification.

Forward-Looking Statements

Southwest Airlines pilots approve new contract

January 22, 2024 / WIL BALDWIN

Dallas, Texas, January 22, 2024 – Southwest Airlines Co. (NYSE: LUV) announced today its Pilots, represented by the Southwest Airlines Pilots Association (SWAPA), overwhelmingly approved a new collective bargaining agreement.

The five-year agreement covers nearly 11,000 Southwest® Pilots, and provides them with industry-leading compensation, modified scheduling practices, and quality-of-life enhancements, including paid maternity and parental leave, with an opportunity for an additional extended bonding leave. In addition, the contract maintains Southwest’s operational advantages, including a new process for recovering our Pilot network, if needed.

Since October 2022, nine union-represented workgroups have ratified new agreements:

Appearance Technicians
Customer Service Agents, Customer Representatives, and Source of Support Representatives
Dispatchers
Facilities Maintenance Technicians
Flight Instructors
Material Specialists
Mechanics and Related Employees
Meteorologists
Pilots

Southwest remains in negotiations with two union-represented workgroups and is committed to reaching agreements that reward those Employees for their Southwest contributions.

Forward-Looking Statements

Airbus and Air India to launch pilot training center

January 22, 2024 / WIL BALDWIN

Hyderabad, Telangana, India, January, 2024 – Delivering on its commitment to ‘Skill India’, Airbus Group SE (Paris: AIR) has entered into a 50:50 joint venture with the Tata-owned Air India to launch a world-class pilot training centre in Gurugram, Haryana. The Tata Airbus Training Center will offer A320 and A350 flight training to some 5,000 new pilots over 10 years. The sprawling 3,300 sq.mt. centre will be equipped with 10 Full Flight Simulators (FFS), flight training classrooms and briefing and debriefing rooms as part of the complete Airbus Flight Training Device setup.

The training centre is due to be operational starting early 2025 with the initial installation of four A320 FFS. The Tata Airbus Training Centre will offer courses approved by Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA).

Airbus has also partnered with GMR Aero Technic to offer Aircraft Maintenance Engineering training courses at the latter’s facility in Hyderabad. Airbus will provide training material such as trainee handbooks, examination database, online access to Airbus customised training modules and Airbus Competence Training (ACT) for Academy media package. Airbus will also train GMR instructors and provide continual assessment of the training center.

Forward-Looking Statements

Pratt & Whitney Canada unveils mobile charging for hybrid-electric flight

January 22, 2024 / WIL BALDWIN

Longueuil, Quebec, Canada, January 22, 2024, PRNewswire – Pratt & Whitney Canada today announced the development of an advanced mobile charging unit (MCU) capable of charging high-power batteries at up to 1500 volts, making it compatible with Megawatt Charging System standards the industry is advancing for high voltage power applications. Pratt & Whitney is an RTX (NYSE: RTX) business.

The MCU was developed in collaboration with the National Research Council of Canada (NRC) and the Innovative Vehicle Institute (IVI) as part of the RTX hybrid-electric flight demonstrator project.

The MCU is assembled from commercially available components and can deliver up to 280 kW and 1500 volts. In collaboration with IVI, Pratt & Whitney Canada developed a distributed control and protection strategy. The NRC focused on the hardware design, assembly, testing and delivery of two charger units, which will be used on the hybrid-electric flight demonstrator project. The charger’s bidirectional capability enables it to both charge and discharge batteries, which creates opportunities to recycle unused energy back into the electrical grid.

Forward-Looking Statements

Turkish Airlines adding new service to Melbourne, Australia

January 21, 2024 / WIL BALDWIN

Turkish Airlines, which consistently expands its unique flight network as one of the most significant cornerstones of its growth strategy, is strengthening this performance by adding Australia, a destination of considerable interest and long on its agenda, to its flight network.

The flag carrier, which will schedule 3 flights a week to Melbourne, its 346th destination in 130 countries starting from 15 March 2024, will thus contribute to the tourism and trade volumes of both countries by carrying thousands of visitors on the Istanbul – Melbourne route every year. With the flights relayed via Singapore, Turkish Airlines will also have the distinction of being the only European airline to currently operate flights to Melbourne Airport.

Supported by the Victorian Government and Melbourne Airport, the new route will connect Turkey with Australia’s largest Turkish community and one of largest trading centers of Victoria, fastest-growing state of the country.

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