Category: Manufacturing & Assembly News (Page 8 of 51)

Azul announces $200M credit facility to finance engine maintenance

December 28, 2023 / WIL BALDWIN

Sao Paulo, Brazil, December 26, 2023 – Azul S.A. (NYSE: AZUL), the largest airline in Brazil by number of flights and cities served, announces that its subsidiaries Azul Linhas Aereas Brasileiras S.A. (“ALAB”) and Azul Investments LLP have received approval to access a new US$ 200 million secured credit facility. The facility will be used to finance engine maintenance of ALAB’s Embraer and Airbus fleet, performed by GE Celma Ltda. (a subsidiary of GE Aerospace). The Brazilian Guarantees Agency – ABGF (Agencia Brasileira Gestora de Fundos Garantidores e Garantias) was the rapporteur. The Export Financing and Guarantee Committee – COFIG (Comite de Financiamento e Garantia das Exportacoes) approved the transaction under the conditions presented by ABGF.

About Azul

Azul S.A. offers 1,000 daily flights to over 160 destinations. With an operating fleet of over 180 aircraft and more than 16,000 Crewmembers, the Company has a network of 300 non-stop routes as of September 2023. Azul was named by Cirium (leading aviation data analysis company) as the most on-time airline in the world in 2022, being the first
Brazilian airline to obtain this honor. In 2020, Azul was awarded best airline in the world by TripAdvisor, first time a Brazilian Flag Carrier earns number one ranking in the Traveler’s Choice Awards. For more information, please visit www.voeazul.com.br/ir

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.

Maersk signs MoU with City of Yokohama and Mitsubishi Gas Chemical

December 28, 2023 / WIL BALDWIN

Yokohama, Japan, December 27 – AP Moeller – Maersk A/S B (London: 0O77) announced today that the company has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC). This collaborative agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024. It also highlights the parties’ shared commitment to sustainable initiatives and the transition towards a greener future.

Maersk has an ambitious target of achieving net-zero emissions by 2040 throughout its entire business. For shipping, it will equip its 25 container vessels with dual-fuel engines capable of sailing on green methanol. The successful implementation of this initiative heavily relies on the establishment of port bunkering infrastructure for methanol worldwide.

The City of Yokohama oversees the Port of Yokohama, which includes the Minami-Honmoku container terminal operated by APM Terminals Japan. The port stands as Japan’s deepest water berth, boasting a total length of 1,600 meters and a draft of 18 meters. It features advanced STS cranes, capable of reaching out up to 24 rows. Since the opening of Yokohama Port in 1859, it has served as a pivotal gateway to Japan and Asia. As part of its commitment to achieving carbon neutrality by 2050, Yokohama is at the forefront of developing Japan’s green shipping corridors.

The collaboration will focus on examining operational feasibility and developing port facilities required for green methanol bunkering at the Port of Yokohama. Through joint efforts, the partners seek to drive innovation, foster safety, and accelerate the adoption of sustainable methanol solutions in the maritime industry in Japan.

Forward-Looking Statements

Airbus delivers first aircraft from new final assembly line in Toulouse, France

December 28, 2023 / WIL BALDWIN

Toulouse, France, December 27, 2023 – Airbus Group SE (Paris: AIR) has successfully delivered its first Airbus A321neo assembled at its newest A320 Family Final Assembly Line (FAL) in Toulouse.

The A321neo, which will be operated by Pegasus Airlines, the leading low-cost carrier (LCC) in Turkey, is the first delivery from Airbus’ latest state-of-the-art production facility. Located in the former A380 “Jean-Luc Lagardere” building, the assembly line reflects Airbus’ commitment to modernise and meet the growing global demand for the A321neo, which now accounts for nearly 65% of Airbus’ A320 Family order backlog.

Pegasus Airlines’ current Airbus fleet stands at 93 aircraft, including 6 A320ceo, 46 A320neo and 41 A321neo. The airline also has 68 A321neo’s on order.

The delivery of the aircraft to Pegasus Airlines marks the start of the ramp-up of the new Toulouse FAL, which together with the other A320 Family FALs in Hamburg, Germany, Mobile, Alabama, USA, and Tianjin, China will contribute to Airbus’ objective of producing 75 A320 Family aircraft per month in 2026.

Forward-Looking Statements

Bombardier announces firm order for 12 Challenger 3500 jets

December 26, 2023 / WIL BALDWIN

Bombardier Inc (OTC: BDRBF) has announced that the company received a firm order for 12 Challenger 3500 aircraft. The transaction for the firm order is valued at US$326.4 million based on list prices. The customer has chosen the super-midsize market leader for its outstanding performance, refined cabin and sustainably minded features.

The Challenger 3500 jet offers an unmatched in-flight experience to meet and exceed the expectations of the most discerning travelers. The aircraft’s flawless design provides an unparalleled cabin experience and elevates passengers’ comfort with Bombardier’s revolutionary Nuage seats and cutting-edge cabin technology. With an industry-leading dispatch reliability of over 99.8%, as well as outstanding range and runway performance, the Challenger 3500 aircraft offers the ultimate package, with access to the most remote locations while delivering Bombardier’s signature smooth ride from takeoff to landing.

Deliveries are set to begin in the second half of 2025.

Forward-Looking Statements

Boom Supersonic selects Honeywell Anthem integrated flight

December 25, 2023 / WIL BALDWIN

Boom Supersonic, the company building the world’s fastest airliner, has selected the Honeywell International (Nasdaq: HON) Anthem integrated flight deck for its Overture aircraft. As part of the agreement between the two companies, Honeywell’s next-generation flight deck and its modular avionics platform will be incorporated into Overture.

The Honeywell Anthem flight deck will be tailored for Overture’s specific mission requirements, helping to enable exceptional situational awareness and enhanced safety. The advanced avionics interface provides continuity to Overture pilots from initial simulator-based flight training through to actual flights. Honeywell successfully completed the first flight of its Anthem integrated flight deck using its Pilatus PC-12 test aircraft in May 2023, paving the way for Federal Aviation Administration certification.

As a pioneer in integrated modular avionics, Honeywell has successfully matured multiple generations of flight deck technology. Honeywell’s unmatched expertise in the development and certification of large and complex avionics systems provides a foundation for the development and certification of a new generation of integrated avionics onboard Overture.

Forward-Looking Statements

Ethiopian Airlines and Citigroup Sign $450M Loan Agreement

December 25, 2023 / WIL BALDWIN

Ethiopian Airlines, Africa’s largest carrier, today announce a landmark USD $450 million loan agreement that will finance five new Boeing (NYSE: BA) aircraft: three Boeing 737-8 and two Boeing 777F Cargo.

The loan will be secured against the value of the five planes and has been arranged exclusively by Citigroup (NYSE: C) Corporate Banking and Export Agency and Finance teams. It is guaranteed by the Export-Import Bank of the United States (EXIM).

The five new aircraft will bolster Ethiopian Airline’s fleet to 150 in total and delivery of all the aircraft will be completed in the U.S. state of Washington in December. The new arrivals will help Ethiopian serve all its destinations by accelerating its expansion throughout the world and will further bolster Ethiopian Cargo & Logistics Services’ position as Africa’s largest cargo network operator. Ethiopian Airlines has ambitions to grow its fleet to over 270 aircraft by 2035.

Forward-Looking Statements

Saab receives order from NATO for RBS 70 Bolide missiles

December 23, 2023 / WIL BALDWIN

SAAB AB ser. B (London: 0GWL) has received an order for RBS 70 Bolide missiles from the NATO Support and Procurement Agency (NSPA). The order value amounts to SEK 350 million and deliveries will take place during 2027.

The RBS 70 system has an installed base in more than 19 countries, with 1,600 RBS 70 systems and more than 18,000 missiles delivered. The Bolide missile is the 3rd generation, all-target, short-range air defence missile from Saab. With the Bolide missile, the RBS 70 system targets a complete threat spectrum: from fixed and rotary wing aircraft, down to small targets such as cruise missiles and UAVs, with a range of more than 9 kilometres and with altitude coverage in excess of 5,000 metres.

Forward-Looking Statements

Boeing delivers first Orca undersea vehicle to U.S. Navy

December 23, 2023 / WIL BALDWIN

Huntington Beach, California, December 20, 2023— Boeing (NYSE: BA) has delivered the first Orca Extra Large Uncrewed Undersea Vehicle (XLUUV) to the U.S Navy following acceptance testing completion this month. The XLUUV, designated by the Navy as “Orca,” is a new class of autonomous submarine that can perform long duration critical missions to achieve undersea maritime dominance in changing environments and contested waters.

With the partnership of the Navy, Orca has undergone several phases of at-sea testing, including above and below surface maneuvers to demonstrate the vehicles’ unique capabilities.

Orca is the result of more than 50 years of Boeing experience building and operating undersea vehicles. In 2012 Boeing initiated the design and development of Echo Voyager, a proof-of-concept XLUUV that began at-sea testing in 2017 and was a precursor to the US Navy’s Orca XLUUV competition. Echo Voyager – the world’s only vehicle of its size and capability – has spent over 10,000 hours operating at sea and transited hundreds of nautical miles autonomously.

Forward-Looking Statements

Maersk launches new weekly service to the Port of Rades, Tunisia

December 20, 2023 / WIL BALDWIN

Port of Rades, Tunis, 20 December 2023 – AP Moeller – Maersk A/S (Copenhagen: MAERSKb) is proud to announce a new transport solution connecting the growing Tunisian market to its mainliner services to and from Europe, Middle East and Asia. The new weekly service started recently and is operated with a dedicated ro-ro vessel between the Port of Rades and the connecting hub port of Cagliari in Italy. Furthermore, the weekly service offers the best connection between Morocco and Tunisia.

The ro-ro vessel is leaving the port of Tunis Rade, Tunisia every Friday evening, calling the Cagliari, Italy on Saturday and connecting with our hub port in Tangier, Morocco on Thursday.

To ensure seamless and reliable logistics in Tunisia, Maersk has established a wide range of value adding services for customers including the availability of a bounded warehouse, airfreight, less than container load cargo (LCL) as well as supply chain and 4PL solutions. Other integrated logistics services enhancing customer satisfaction include customs service, inland transportation, insurance, depot services and cold chain logistics.

Forward-Looking Statements

Embraer doubles service center capacity by expanding maintenance and customer support

December 20, 2023 / WIL BALDWIN

Embraer is expanding with 3 additional MRO facilities in Texas, Ohio, and Florida

Melbourne, Florida, December 20, 2023 – Embraer (NYSE: ERJ) announced today that it is doubling its maintenance service capacity in the United States, to support the continued growth of its executive jets’ customer base through the addition of three Executive Aviation Maintenance, Repair and Overhaul (MRO) facilities in Dallas Love Field, TX, Cleveland, OH, and Sanford, FL.

Embraer will also substantially increase its Mobile Response network by 28 teams, and enlarge its capabilities including access to interior services, paint, and component repairs as part of this expansion. Service at these locations is set to begin in the second quarter of 2024. Embraer currently has three owned U.S.-based service centers dedicated to its executive jet customers located in Mesa, AZ, Melbourne, FL, and Fort Lauderdale, FL. Further, the company has 24 authorized service centers for its executive jets across the USA.

Forward-Looking Statements

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