Category: low cost carrier (Page 4 of 19)

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

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.

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

easyJet collaborates with RTX to enhance operations

December 4, 2023 / WIL BALDWIN

Toulouse, France, December 4, 2023, PRNewswire – Collins Aerospace, an RTX (NYSE: RTX) business, is working with EasyJet PLC (London: EZJ) to activate GlobalConnect^SM connected aircraft services on more than 330 Airbus aircraft in its fleet. easyJet will become the largest A320 operator in the world to deploy GlobalConnect. This new capability enhances safety oversight, pilot training and operational efficiencies.

The Collins GlobalConnect solution enables the already-installed Flight Operations and Maintenance Exchanger system (FOMAX), jointly developed with Airbus, to provide easyJet valuable insights into its fleet operations, enabling proactive decision-making and more efficient airline operations.

The adoption of this data exchange and analytics capability also brings the potential to simplify the avionics architecture, leading to further fuel efficiency gains through the gradual removal of quick access recorders. The airline projects that cutting this additional weight could save up to 500 tonnes of carbon per year when rolled out fleet-wide.

GlobalConnect services across easyJet’s fleet will be progressively activated in the coming months, starting before year-end 2023. This marks a significant milestone in easyJet’s digital transformation journey and underscores the airline’s dedication to embracing cutting-edge technologies that benefit its passengers and the environment.

Forward-Looking Statements

Norse Atlantic Airways celebrates inaugural flights from London Gatwick Airport

December 1, 2023 / WIL BALDWIN

Friday, December 1, 2023 – Norse Atlantic ASA (Oslo: NORSE) is delighted to announce the successful commencement of its inaugural services from London Gatwick to the sun-soaked destinations of Montego Bay and Barbados.

Flights to Barbados from London operate up to five times a week with fares starting from £449 return. Flights to Montego Bay from London operate up to four times a week with fares starting from £540 return.

Norse Atlantic exclusively operates Boeing 787 Dreamliner aircraft with two cabin choices, Economy and Norse Premium. The cabin offers passengers a relaxed and comfortable travel experience with each seat including a personal state of the art entertainment experience. Our 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. 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 an enhanced airport and onboard experience and increased ticket flexibility.

For more information and to book visit www.flynorse.com

Forward-Looking Statements

Porter Airlines orders 25 Embraer E195-E2 aircraft

December 1, 2023 / WIL BALDWIN

Sao Jose Dos Campos, Brazil, 29th November 2023 – Porter Airlines has exercised purchase rights to place a firm order for 25 Embraer SA ADR (NYSE: ERJ) E195-E2 passenger jets, adding to their 50 existing firm orders. Porter will use the new aircraft to extend its award-winning service to destinations throughout North America. The deal, valued at US$2.1bn at list price, will be added to the Q4 backlog, and brings Porter’s orders with Embraer to 75 firm, with 25 purchase rights remaining.

Porter, the North American launch customer for Embraer’s E195-E2, has already taken delivery of 24 E195-E2’s, and recently announced new destinations including Las Vegas, Miami, San Francisco, and Los Angeles; with destinations in Mexico and the Caribbean also planned. The aircraft are currently deployed from Eastern Canada, with a focus on Toronto Pearson International Airport and Ottawa. Halifax and Montreal are also seeing new services with the E195-E2. Porter has chosen to configure the 146-seat aircraft in a comfortable 132-seat all-economy configuration, with a variety of seat pitches on offer for their guests: 36, 34, and 30 inches.

About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.

Forward-Looking Statements

airBaltic to become largest Airbus A220 customer in Europe

November 13, 2023 / WIL BALDWIN

Dubai Air Show, November 13, 2023 – airBaltic will become the largest Airbus Group SE (Paris: AIR) A220 customer in Europe after confirming an incremental order for an additional 30 A220-300s. This new order will take the airline’s total firm orderbook to 80 aircraft.

Already operating a 44 strong fleet of A220-300s, airBaltic is currently the largest A220-300 operator in the world.

The airline’s history with the Airbus A220-300 dates back to 2016 where it was the launch customer, and in 2020, it refreshed its fleet to solely operate this aircraft type.

Forward-Looking Statements

This press release 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.

Fiji Airways wins APEX award for best entertainment & best seat comfort in South Pacific

November 12, 2023 / WIL BALDWIN

November 10, 2023 – Fiji Airways is closing off the airline award season on a high with two prestigious accolades in the APEX Passenger Choice Awards for 2024.

The National Airline has been honoured with the coveted awards;

Best Entertainment in the South Pacific
Best Seat Comfort in the South Pacific

This is the first time that Fiji Airways’ inflight entertainment offerings have been recognised, while the airline has won Best Seat Comfort for the second year in a row.

The company has recently added award-winning blockbuster titles from Disney and HBO to its inflight entertainment content providing more than 840 hours of content, offering guests the most comprehensive and immersive experience in the South Pacific region.

In addition, Fiji Airways has also introduced wellness content such as meditation and breath work to help guests arrive at their destination relaxed and rejuvenated.

Moreover, the airline also offers complimentary full flight Wi-Fi browsing in Business Class, 15 minutes complimentary text Wi-Fi in Economy Class, and more attractive Wi-Fi purchase plans on their A350 and 737 MAX fleet. Which means that passengers flying between the United States and Australia/New Zealand via Nadi, will have the most comprehensive Inflight Entertainment and Connectivity experience offered by any airline flying the region.

The company attributes its recognition for Best Seat Comfort in the South Pacific for two years running to the fact that it has one of the youngest and most modern fleet in the world.

The four flagship Airbus A350’s, which service medium and long haul flights, feature Collins Aerospace Super Diamond full lie-flat seats, offering extra comfort with generous bedding and amenities for Business Class guests. A turn down service which includes a mattress, duvet, blanket and pillow is a favourite for guests on long haul flights.

The airline remains focused on inspiring and motivating travellers by offering unparalleled service, ensuring passenger satisfaction, and creating unforgettable moments.

Rex Airlines wins APEX Award for best cabin service in the South Pacific

November 12, 2023 / WIL BALDWIN

Rex Airlines has been recognised as having the South Pacific’s Best Cabin Service in the 2024 Airline Passenger Experience Association (APEX) Awards. The award was presented in Singapore last night where Rex’s Executive Chairman, Lim Kim Hai, accepted it on behalf of the airline.

The award ceremony was part of the FTE APEX Asia Expo, the air transport industry’s largest passenger experience and business performance event. APEX said nearly one million flights were anonymously rated by passengers across more than 600 airlines from around the world using a five-star scale.

Rex is Australia’s largest independent regional and domestic airline operating a fleet of 58 Saab 340 and 9 Boeing 737-800NG aircraft to 56 destinations throughout all states in Australia. In addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation (air freight, aeromedical and charter operator), the Australian Airline Pilot Academy with campuses in Wagga Wagga and Ballarat, and propeller maintenance organisation, Australian Aerospace Propeller Maintenance. Rex is also a 50% shareholder of National Jet Express (NJE), a premier Fly-In-Fly-Out (FIFO), charter and freight operator.

ITA Airways receives its first Airbus A321neo

November 11, 2023 / WIL BALDWIN

Hamburg, Germany, November 10, 2023 – ITA Airways has taken delivery of its first Airbus Group SE (Paris: AIR) A321neo on lease from Air Lease Corporation (NYSE: AL) from Airbus’ Hamburg production facilities.

This latest addition further consolidates ITA Airways’ all-Airbus fleet strategy, which currently stands at 81 aircraft, and includes latest generation A220, A320neo, A330neo and A350 aircraft.

ITA Airways’ A321neo, which will serve the airline’s medium haul routes, is fitted with a three class configuration including 12 Business Class full flat beds with direct aisle access, 12 Premium Economy seats in 4-abreast, and 141 Economy seats of which 12 are dedicated to Comfort Economy.

ITA Airways’ A321neo aircraft features Airbus’ Airspace cabin design, which includes new XL overhead bins and customised interior lighting based on the latest full-LED technologies to help reduce jet lag. In addition, to enhance the passenger experience, each seat is equipped with the latest generation in-flight entertainment system with individual screens and on-demand content.

Forward-Looking Statements

Eve names avionics, flight controls and thermal management system suppliers

November 6, 2023 / WIL BALDWIN

Melbourne, Florida, November 6, 2023 – Eve Air Mobility (NYSE: EVEX) named three new suppliers for its electric vertical takeoff and landing (eVTOL) aircraft. Garmin (NYSE: GRMN), will supply the avionics for the aircraft while Liebherr-Aerospace will supply the flight controls actuators. Intergalactic will provide the thermal management system.

Garmin will supply the G3000 Integrated Flight Deck for Eve’s eVTOL which features large-format, light weight, high-resolution glass displays integrating seamlessly with Eve’s vehicle management and flight control systems. Tailored for the needs of eVTOL aircraft, the flight deck’s intuitive touchscreen interface reduces pilot workload by providing direct access to a full suite of avionics capabilities including an integrated flight management system, NAV/COM radios, transponder, audio management and access to a breadth of applications including checklists, charts, synoptics, and full-featured maps.

Liebherr will develop electromechanical actuators (EMA) for the fly-by-wire flight controls of Eve’s eVTOL. Liebherr is well known for their expertise in the manufacturing of precision gears and dependable actuation, crucial for this type of technology. The actuators will be powered by the aircraft’s electrical system and the technology will ensure high performance, configurability and easier maintenance.

Intergalactic will provide the thermal management system which will maintain an optimal temperature range for equipment including batteries and other electronic components. The system will also help ensure a comfortable temperature inside the cabin of the aircraft.

Forward-Looking Statements

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