Category: e-commerce (Page 14 of 55)

Virgin Australia is pleased to have reached in-principle cabin crew agreement

December 17, 2023 / WIL BALDWIN

Virgin Australia is pleased to have reached an in-principle agreement with the FAAA and TWU on the Cabin Crew Enterprise Agreement. This is great news for our teams and our customers.

Under the new Enterprise Agreement, cost of living pressures will be easier for crew to manage, and lifestyle challenges will be easier to navigate. The agreement will deliver 15%+ salary increases over three years, depending on the skill and tenure of the crew member.

And the overall cost of this agreement is in line with the agreements we have reached with other work groups. Today’s outcome is the result of constructive negotiations with both unions, and facilitated by the Fair Work Commission. It will ensure our people are appropriately rewarded for their work and that Virgin Australia is set up for long-term success.

Air Canada adds Tulum and Charleston to route network

December 15, 2023 / WIL BALDWIN

Montreal, Quebec, Canada, December 14, 2023, CNW – Air Canada (Toronto: AC) today announced it is boosting its North American network capacity for summer 2024 with the addition of two new destinations, five new routes, increased flight frequencies on key routes, and earlier resumption of popular seasonal routes in response to projected demand. Air Canada becomes the first Canadian airline to offer service to Tulum*, with flights from Toronto and Montreal to the newest airport in Mexico’s Yucatan peninsula, and to Charleston, SC from Toronto. Seats are now available for purchase at aircanada.com, via the Air Canada app, Air Canada’s contact centres and through travel agents. Flights to Tulum will be available for sale on December 15.

*subject to government approval

For summer 2024, Air Canada will be serving 120 destinations in Canada, the US and the Caribbean with up to 520 flights every day, translating to approximately 66,000 seats being dispatched, representing an increase of 5% percent North America and Caribbean seat capacity from 2023.

New destination: Tulum*, Mexico

“I celebrate this great announcement from Air Canada. Without connectivity there is no tourism, and the two new routes to the new Tulum International Airport, which is ready to receive five million passengers, will boost the arrival of tourists from our second most important source market for international tourists,” stated Lic. Miguel Torruco Marqués, Secretario de Turismo, Mexico.

Flight	From	To	Departs	Arrives	Days of Operation	Operation
AC1854	Toronto (YYZ)	Tulum (TQO)	08:15	11:20	Fri, Sun	Year-round, begins May 3
AC1855	Tulum (TQO)	Toronto (YYZ)	12:30	17:35	Fri, Sun	Year-round, begins May 3
AC1874	Montreal (YUL)	Tulum (TQO)	08:15	12:00	Sat	Year-round, begins May 4
AC1875	Tulum (TQO)	Montreal (YUL)	13:10	18:45	Sat	Year-round, begins May 4

New destination: Charleston, SC

“Charleston International Airport is delighted to welcome the addition of Toronto as an international destination, made possible by the introduction of Air Canada’s daily flights providing a seamless link between Canada’s largest metropolitan area and the Charleston Lowcountry. Not only does the new service connect two of the top cosmopolitan destinations worldwide, renowned for their extraordinary landmarks, rich culture, entertainment and leisure adventures, this route offers customers unmatched travel options and conveniences, whether travelling for leisure, visiting friends and family, or for business,” said Elliott Summey, Executive Director and CEO at Charleston International Airport.

“Air Canada’s announcement is a major milestone for our industry, the Charleston region and beyond. International visitation is integral to a healthy and sustainable tourism economy. While Canada is consistently our top country of origin for international visitors, we know there is tremendous untapped potential in the market. Beyond increasing access for leisure travelers, the daily, nonstop service creates more opportunity to recruit group business and provides improved connectivity for Charleston area residents traveling to Canada and other international destinations served through Air Canada’s Toronto hub,” said Helen Hill, CEO of Explore Charleston and Chair of the Aviation Authority Board.

Flight	From	To	Departs	Arrives	Days of Operation	Operation
AC8629	Toronto (YYZ)	Charleston (CHS)	18:40	20:58	Daily	Year-round, begins March 28
AC8628	Charleston (CHS)	Toronto (YYZ)	10:00	12:21	Daily	Year-round, begins, March 29

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.

Turkish Airlines to become largest operator of Rolls-Royce Trent XWB engines

December 15, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC (LSE: RR, ADR: RYCEY) today announces Turkish Airlines will order 100 Trent XWB-84 engines and 40 Rolls-Royce Trent XWB-97 engines. This will make Turkish Airlines the world’s largest operator of Trent XWB engines.

The Trent XWB-84 powered A350-900’s, Trent XWB-97 powered A350-1000’s and Trent XWB-97 powered A350F will be delivered between 2025 and 2033. The engines health and maintenance will be covered by the Rolls-Royce comprehensive TotalCare service.

This substantial order will complement the airline’s existing fleet, adding to the 40 Rolls-Royce Trent XWB-84 A350-900’s already in service and on order, and 26 Trent 700 powered A330’s.

Forward-Looking Statements

Virgin Atlantic increases capacity to the USA for summer 2024

December 15, 2023 / WIL BALDWIN

Virgin Atlantic is delighted to announce plans to increase capacity to its heartland in the USA, adding frequencies from London Heathrow to both New York JFK and Boston for summer 2024. These new services complement the airline’s recent announcements of increasing Miami services from 11 flights per week to twice daily year-round and a new seasonal summer service from Manchester to Las Vegas.

Next summer, the airline will offer a record number of flights between London and New York, with a seventh daily flight to JFK, and together with Joint Venture partner Delta, will offer ten daily services to the Big Apple, an increase of 11% compared to summer 2023.

In a further boost to its East Coast flying, Virgin Atlantic will also operate a second daily flight to Boston. Complementing Delta’s daily service, Boston will be served with three flights a day.

Customers on both Virgin Atlantic departures will experience flying on the airline’s newest aircraft, the A330-900neo, and A350-1000, increasing the number of Upper and Premium seats by 23%. Upper-Class passengers looking to treat themselves can also benefit from booking the A330-900neo innovative Retreat Suite, which comprises of two spacious exclusive suites at the front of the Upper Class cabin. Elsewhere, passengers travelling with Joint Venture partner Delta will be able to enjoy its new and enhanced Delta One product.*

*There may be occasions that some ad-hoc Boston and New York services are substituted for an alternate aircraft type.

Union Pacific announces fourth quarter 2023 earnings release date

December 15, 2023 / WIL BALDWIN

Omaha, Nebraska, December 15, 2023 – Union Pacific Corporation (NYSE: UNP) will release fourth quarter 2023 financial and operating results on Thursday, Jan. 25, 2024, at 7:45 a.m. ET. The company’s management team will host a conference call and live webcast at 8:45 a.m. ET.

Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Union Pacific’s website at www.up.com/investor. A replay of the audio webcast will be available shortly thereafter.

Forward-Looking Statements

Azul Linhas Aereas discloses order for four A330neo’s

December 15, 2023 / WIL BALDWIN

Sao Paulo, Brazil, December 15, 2023 – Azul Airlines SA (NYSE: AZUL) discloses a firm order for four additional A330-900 from a purchase agreement signed in June 2023. With these aircraft, the airline will expand its fleet and international route offering.

The A330neo is powered by the latest generation Rolls-Royce Trent 7000 engines, with a range of 7,200 nautical miles / 13,300 kilometers non-stop. Azul Linhas Aereas launched operations in 2008 and has since grown to become one of the largest airlines in Brazil by servicing more than 160 destinations within Brazil, the United States, Europe and South America. Azul received the Americas’ first A330neo in 2019 and operates 12 A330 Family aircraft.

Forward-Looking Statements

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

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

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