Category: stock news (Page 13 of 186)

Philippine Airlines and American Airlines launch new codeshare partnership

December 13, 2023 / WIL BALDWIN

Travelers gain seamless connections between the Philippines and the United States

Manila, Philippines & Fort Worth, Texas — Philippine Airlines parent PAL Holdings, Inc (Philippines: PAL) and American Airlines Group (Nasdaq: AAL) have launched a codeshare partnership that introduces the first marketed flights by a Philippine carrier to several U.S. destinations and allows American’s customers to travel to the Pearl of the Orient, Manila, and the beautiful beaches of Cebu.

American’s customers are now able to book tickets on aa.com for codeshare flights operated by Philippine Airlines to Manila and Cebu via Tokyo. Additionally, customers will be able to fly to Manila from Honolulu and Guam.

Philippine Airlines has placed its “PR” code on American’s flights between Los Angeles and seven U.S. cities: Atlanta, Denver, Houston, Las Vegas, Miami, Orlando and Washington, D.C., enabling excellent connectivity with PAL’s trans-Pacific service.

Philippine Airlines operates twice-daily nonstop flights to Los Angeles, daily flights to San Francisco and multiple weekly flights to New York, Honolulu and Guam.

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.

British Airways returns to Stansted Airport, Agadir joins route network, and more!

December 12, 2023 / WIL BALDWIN

British Airways to return to London Stansted Airport for Summer 2024

Travellers choosing to fly from London Stansted next summer have a new premium airline option, International Consolidated Airlines Group S.A. (London: ICAG) member British Airways returns to the north-east London airport. Launching on May 18, 2024, weekend flights from London Stansted to Florence, Ibiza and Nice will join BA Cityflyer’s operations for the summer season on its Embraer 190 aircraft. BA Cityflyer is a subsidiary of British Airways, which operates from London City Airport during the week to nearly 30 short-haul destinations. The new Stansted services will complement the existing weekday services from London City, plus recently added weekend services from Edinburgh to San Sebastian, Spain and Olbia, Sardinia.

This will be the first time that British Airways has offered scheduled flights from Stansted since before the global pandemic, and it will become the fourth London airport to be served by the flag carrier. Each flight will offer two cabins: Club Europe (business class) and Euro Traveller (economy). Customers in Club Europe are offered a full meal service with drinks from the bar, priority board and additional baggage allowance. Flights will be available from £41 each way to Florence, £36 each way to Ibiza and £43 each way to Nice. Flights are now live.

Agadir joins British Airways’ short-haul network from London Gatwick

Agadir has become the latest destination to join British Airways’ route network from London Gatwick.

The four-times weekly flight will be operated by British Airways’ Gatwick short-haul subsidiary, BA Euroflyer, from 31 March 2024.

On sale now, Agadir joins Marrakech to become the second Moroccan destination on British Airways’ route map. This will be the first time in more than a decade that Agadir has been available to British Airways customers.

Tom Stoddart, CEO of BA Euroflyer, said: “Agadir is a coastal destination that enjoys 300 days of sunshine per year, so we know it will see strong demand from our leisure customers and particularly those seeking holiday packages. It offers beaches, golf courses and water sports alongside the opportunity to experience cultural landmarks, such as Agadir Kasbah.”

Customers will have the choice of two cabins on every flight: Club Europe (business class) and Euro Traveller (economy). Euro Traveller customers enjoy a complimentary drink and snack, while Club Europe customers will have lounge access, a full meal service with drinks from the bar, priority boarding and additional baggage allowance is included in their ticket.

Return flights from London Gatwick to Agadir start from £138. Visit www.ba.com/morocco

First ever long-haul Avios-Only flights go on sale for October half term 2024

British Airways has announced that Dubai will be the destination of its next Avios-Only flight, offering more than 200 half term return Reward Seats from just £100 + 60,000 Avios. The flight is available to book now. The BA105 from London Heathrow to Dubai will offer 214 Reward Seats across three cabins on 26 October 2024. The BA108 will return a week later on 2 November 2024 with 256 up for grabs across four cabins, perfectly in time for a half term getaway. This is the first time that the airline has offered a long-haul Avios-Only flight, and it brings the total number to more than 30, including Geneva, Nice, Ibiza and Corfu. Avios-Only flights were launched earlier this year, on which 100% of the seats are exclusively available to British Airways Executive Club Members as Rewards Seats.

Avios only seats are sold as normal Reward Seats, which means that customers with British Airways American Express Credit Cards will also have the option to use their Companion Vouchers. These entitle Members to a second seat for just the taxes and charges, or one seat for half the amount of Avios. Reward Seats are those that can be purchased using Avios at static rates. British Airways guarantees a minimum of 12 and 14 Reward Seats on standard short and long-haul flights respectively, whereas Avios-Only flights mean that every seat is available to purchase using Avios. Members booking the Avios-Only flight can do so in any cabin as they normally would through ba.com.

New British Airways lounge set to open in Miami

British Airways is set to open a brand-new lounge for its customers travelling from Miami International Airport. Due to open in the first half of 2025, the lounge will feature a brand-new design concept, and will join more than 20 dedicated British Airways airport lounges around the globe. The lounge will be open to those travelling in the Club World (business class) of First cabin, plus Executive Club Members who hold at least Silver status, and those who hold at least Sapphire oneworld status.

Further details will be announced in 2024.

Forward-Looking Statements

Boeing and Avolon sign new order for 40 737 MAX aircraft

December 12, 2023 / WIL BALDWIN

Seattle, Washington, December 12, 2023, PRNewswire – Boeing (NYSE: BA) and Avolon announced the Ireland-based lessor intends to purchase 40 more 737-8 airplanes to expand the lessor’s 737 MAX portfolio – consisting of 737-8 and 737-10 variants – to more than 110 jets. Avolon also ordered 40 737-8’s in June.

The new order is subject to shareholder approval by Bohai Leasing Co, Ltd (Shenzhen: 000415), Avolon’s main shareholder, and will be posted to Boeing’s Orders and Deliveries website when finalized.

The 737 MAX provides Avolon’s customers with greater flexibility across their network, while reducing fuel use and emissions by up to 20%. On average each airplane will save up to 8 million pounds of CO₂ annually compared to airplanes it replaces.

The 737-8, with seating for 162 to 210 passengers depending on configuration anda range of up to 3,500 nautical miles, is the market’s most versatile single-aisle airplane, capable of operating profitably on both short and medium haul routes.

Forward-Looking Statements

Avolon orders another 100 Airbus A321neo aircraft

December 12, 2023 / WIL BALDWIN

Toulouse, France, December 12, 2023 – Avolon, the international leasing company, has signed a firm order for another 100 Airbus Group SE (Paris: AIR) A321neo aircraft, taking its total order for the A321neo to 190 aircraft. The agreement secures Avolon’s delivery pipeline for the world’s preferred single aisle Family.

With this latest agreement, Avolon’s total firm order-tally directly from Airbus rises to 632 aircraft, and includes A320, A330 and A350 Families. In September, Avolon ordered 20 A330neo aircraft to take advantage of growing global widebody demand.

The A321neo is the largest member of the Airbus A320neo Family, offering unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50% noise reduction and more than 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft, while maximizing passenger comfort in the widest single-aisle cabin in the sky. To date more than 5,600 A321neo’s have been ordered by more than 100 customers across the globe.

Forward-Looking Statements

Belgium And Lockheed Martin Celebrate Rollout Of First F-35A

December 11, 2023 / WIL BALDWIN

Fort Worth, Texas, December 10, 2023, PRNewswire – Lockheed Martin (NYSE: LMT) presented Belgium’sfirst F-35A Lightning II to the Belgian government during a rollout ceremony at Lockheed Martin’s F-35 production facility. This event marks a significant milestone in the Belgian Air Force’s history and strengthens the alliance between the United States and Belgium, a key NATO ally.

Building on the strong legacy of the F-16, the F-35 will provide the next generation of air power to ensure the Belgian Air Force can fulfill its NATO missions and protect the alliance’s key interests. By serving as the most advanced 21st Century Security solution, the F-35 will connect assets across domains to increase situational awareness for Belgium and its key European partners.

Senior government and military leaders from Belgium and the United States attended the ceremony. Belgium’s program of record calls for 34 F-35As. The first aircraft, designated AY-01, will be delivered to the Belgian Air Force next year and will be based at Luke Air Force Base, Arizona, where international F-35 pilot and maintainer training takes place.

The F-35 also creates high-quality, long-term employment opportunities for Belgium. Through the Essential Security Interest (ESI) program, Lockheed Martin will bring cutting-edge manufacturing techniques and benefits, expanding Belgian industry’s skills and knowledge and providing high-tech jobs for Belgians for decades to come.

F-35s are now operating from 31 bases worldwide. To date, Lockheed Martin has delivered more than 980 F-35s, trained more than 2,250 pilots and 15,125 maintainers, and the F-35 fleet has surpassed 768,000 cumulative flight hours. Lockheed Martin continues to work side by side with F-35 operators to ensure allies remain ahead of the evolving threat.

Forward-Looking Statements

Boeing names Stephanie Pope as Chief Operating Officer

December 11, 2023 / WIL BALDWIN

Arlington, Virginia, December 11, 2023, PRNewswire – Boeing (NYSE: BA) today announced Stephanie Pope as executive vice president and chief operating officer of The Boeing Company. In this newly created position, effective January 1, 2024, Pope will report to Boeing President and Chief Executive Officer Dave Calhoun.

As Boeing COO, Pope will oversee the performance of the company’s three business units with responsibility for driving supply chain, quality, manufacturing and engineering excellence across the company. The business unit Chief Executive Officers, the Boeing Chief Engineer and the President of Boeing Global will report directly to Pope. Senior corporate functional leaders will continue reporting to Calhoun.

Pope’s successor to lead Boeing Global Services will be named at a later date.

Forward-Looking Statements

Saab announces Double Eagle sale to Kuwait Naval Force

December 11, 2023 / WIL BALDWIN

Saab AB ser. B (Stockholm: SAABb) announces that it has received a contract from the U.S. Navy for a Double Eagle Semi-Autonomous Remotely Operated Vehicle (SAROV) for the Kuwait Naval Force.

The Double Eagle family of undersea vehicles is a safe and operationally proven ROV system, used by navies around the world supporting mine countermeasure (MCM) missions. In the SAROV configuration the vehicle can be used both as an Autonomous Underwater Vehicle (AUV) for detection, classification and identification, and as an ROV for mine disposal. The U.S. Navy is procuring this system as a Foreign Military Sales (FMS) program for the State of Kuwait’s Naval Force.

Developed and produced at Saab in Linköping, Sweden, this sale represents a milestone in expanding the production of this Swedish technology to the U.S.

Saab, Inc.’s Autonomous and Undersea Systems Division will produce parts of this system in close collaboration with other production sites in Sweden, the United Kingdom and Denmark.

These highly manoeuvrable vehicles can be launched from any type of ship, from the shore, or from a craft of opportunity. All Double Eagle systems can be housed in a standard container, providing a deployable solution across a variety of platforms enabling rapid response to mine threats.

Forward-Looking Statements

RTX interceptor test successfully defeats ballistic missile target

December 11, 2023 / WIL BALDWIN

ARLINGTON, Va., Dec. 11, 2023 /PRNewswire/ — An Exoatmospheric Kill Vehicle, developed by Raytheon, an RTX (NYSE: RTX) business, successfully destroyed an Intermediate-Range Ballistic Missile during a recent test of the Ground-based Midcourse Defense System. The test was conducted today in the Pacific region by the U.S. Missile Defense Agency and the U.S. Northern Command.

This was the 13^th intercept for the program, which protects the U.S. by destroying incoming ballistic missiles while they are outside the Earth’s atmosphere.

With more than 30-years of experience in developing advanced interceptors and sensors, Raytheon is the leading provider of missile defense capabilities. This test further validates Raytheon’s expertise in supporting the Missile Defense Agency’s current fleet of ballistic missile defense sensors and interceptors. Raytheon is currently developing the next evolution of ballistic missile interceptors and kill vehicles that will provide warfighters with a more robust missile defense capability against current and future threats.

Raytheon’s EKV is developed in Tucson, Arizona and the AN/TPY-2 and X-Band Radar are developed in Andover, Massachusetts.

Forward-Looking Statements

Boeing secures contract for six MH-47G Block II Chinook helicopters

December 11, 2023 / WIL BALDWIN

Philadelphia, Pennsylvania, December 11, 2023 —The U.S. Army Special Operations Aviation Command (USASOAC) has awarded Boeing (NYSE: BA) a contract to produce six remanufactured MH-47G Block II aircraft as a part of the Army’s modernization efforts. With the deal valued at $271M, Boeing has 42 MH-47G aircraft under contract with USASOAC.

As special operations requirements have become increasingly complex, the heavy-lift helicopter has adapted to meet those changing needs. The MH-47G Block II program not only supports the warfighters needs today but enables the Chinook to be battle-relevant well into the future.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Forward-Looking Statements

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.

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