TOMORROWS TRANSPORTATION NEWS TODAY!

Category: stock news (Page 5 of 186)

Turkish Airlines adding new service to Melbourne, Australia

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.

Copy Translate

Alstom to supply DB Regio with new high capacity trains

18 January 2024 Alstom, global leader in smart and sustainable mobility, is supplying 18 modern Coradia Max electric multiple-unit trains to DB Regio AG. The order[2] comprises 9 three-car and 9 five-car trains, which will initially start operating on the highly popular regional express line RE1 between Hamburg and Rostock, in the Baltic Sea-Alster sub-network (OSTA) at the timetable change in December 2027. Following the electrification of the line between Bad Kleinen and Lubeck and the construction of a connecting curve, the trains will also run as far as Lubeck.

Compared to the vehicles currently in use in Schleswig-Holstein and Hamburg, the new trains offer passengers up to 50% more seating capacity between Buchen and Hamburg at peak times. In Mecklenburg-Western Pomerania, the new lines from Rostock and Schwerin to Lubeck will benefit from the three-car multiple-unit train with a total of 265 seats. The five-car multiple-unit train with two additional double-decker centre cars will have a total of 462 seats. The trains will be produced at the Alstom site in Salzgitter.

The vehicles have a maximum authorised speed of 160 km/h and are equipped for the European Train Control System (ETCS) ex works as well as a combination of high capacity and comfort. Two different access heights allow comfortable and ramp-free access for travellers with reduced mobility at almost all stations on the RE1, RE2 and RE4 lines. Thanks to the wide carriage profile on the upper floor, the vehicles also offer a generous feeling of space and more freedom of movement. In addition, free Wi-Fi provides fast internet and specially treated windows ensure better mobile phone reception while travelling.

The combination of single and double-decker carriages is the hallmark of the Coradia Max. This optimises capacity, flexibility, and accessibility. Passengers benefit from an impressive travelling experience on the Coradia Max, whether on short or long journeys. Over 500 trains of this type have been ordered across Europe.

[2] Order booked during third quarter of fiscal year 2023/24

Interior of the new Coradia Max trains – Non-contractual design for illustration purposes (©Alstom Advanced & Creative Design)

Copy Translate
Copy Translate

Akasa Air orders 150 more Boeing 737 MAX aircraft

Hyderabad, India, January 18, 2024 – Boeing (NYSE: BA) and Akasa Air announced today the Indian carrier has placed a follow-on 737 MAX order, confirming 150 more fuel-efficient jets in its order book. The purchase of 737-10 airplanes and additional 737-8-200 jets by India’s all-737 operator was revealed at the Wings India 2024 airshow.

Akasa Air will leverage the 737 MAX family to expand its domestic and international network in the coming years. Since launching operations in 2022, the airline has captured approximately 4% of India’s domestic market, serving 18 destinations with a fleet of 22 737 MAX jets. Both 737 MAX variants will provide Akasa Air with added capacity and range on new and existing routes, while reducing fuel use and carbon emissions by 20% compared to older-generation airplanes.

As Akasa Air looks to expand its network in India and South Asia, Boeing’s 2023 Commercial Market outlook forecasts delivery of 2,705 new commercial airplanes over the next 20 years for the region, of which nearly 90% will be single-aisle jets. This order finalized in December 2023 and was unidentified on the Boeing Orders & Deliveries website.

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.

Copy Translate
Copy Translate

Lufthansa launches direct flights from Hyderabad to Frankfurt

Furthering its commitment to India and enhancing its presence on the subcontinent, Deutsche Lufthansa AG (Xetra: LHAG) German Airlines is pleased to announce direct services from Hyderabad, capital of the Indian state of Telangana and Frankfurt, Germany.

Once known as the City of Pearls due to its historical significance in the pearl and diamond trade, Hyderabad has long been a hub for merchants and traders from all over the world. Today, Hyderabad is India’s 4th largest city, an emerging technological, aerospace and Indian pharma hub, with a strong presence of major multinational companies including Google & Microsoft as well as Boeing & Airbus. As a growing capital city in a prosperous state, both Hyderabad and the State of Telangana have contributed to the economic success of India today. An investment hub as well as a centre for innovation, Hyderabad combines the old-world charm of its rich history with the dynamism of 21st century India.

As the leading European carrier in India, Lufthansa now operates direct connections from Germany to 5 destinations in the country with Hyderabad-Frankfurt being the latest addition to its global network. As the fastest growing major market for Lufthansa globally, capacity growth in India exceeds pre-pandemic levels.

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.

Copy Translate
Copy Translate

QANTAS to fly from Darwin to Singapore

Qantas has announced it is launching a second international route from Darwin, with direct flights from the Northern Territory to Singapore.

Commencing in December, the new Qantas flights will add more than 60,000 seats on the route each year and provide visitors to Australia with a convenient gateway to access to some iconic Top End experiences.

The flights will provide Territorians with a direct Qantas option to Singapore and also a seamless connection to London on QF1, as well as other destinations across Europe or Asia with partner airlines. Qantas customers travelling from Darwin will save around five hours in flying time by no longer having to fly via other Australian capital cities to get to London.

Starting on December 9, 2024, flights will initially operate five days per week with the dual-class Embraer E190 aircraft. Service will increasing to daily starting in March of 2025.* The new route has been made possible by the establishment of the E190 base at Darwin Airport, with the size, range and economics of the aircraft opening up routes that that wouldn’t be viable with larger aircraft, including the launch of international flights to Dili in 2022.

Copy Translate

Lufthansa Group plans to hire 13,000 new people in 2024

Deutsche Lufthansa AG (Xetra: LHAG) plans to hire around 13,000 new employees for a wide range of professions in 2024. New colleagues for the cockpit and cabin, technicians and new colleagues in IT are particularly sought after. However, jobs are also being advertised in other areas, such as ground staff at the Lufthansa hubs in Frankfurt and Munich. It is planned to recruit more than 3,500 people in the cabin and around 1,000 for the cockpit. In addition, around 2,000 technicians, roughly 800 trainees and approximately 900 IT experts are to join the Lufthansa Group.

Lufthansa recruited more than 13,000 new employees in 2023. In total, over 95,000 people are currently working for the Lufthansa Group in more than 90 countries. Job vacancies and other career opportunities are available on the company career website www.lufthansagroup.careers.

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.

Copy Translate

Emirates and Azul expand partnership

Dubai, UAE, January 15, 2024 – Emirates and Azul Linhas Aereas Brasileiras S.A. (Azul) have taken their partnership to new heights with the launch of a reciprocal loyalty program offering. Emirates Skywards and TudoAzul frequent flyer members can now earn and redeem Miles across a joint network of more than 290 destinations worldwide. The two carriers launched a codeshare partnership in 2021 to provide customers enhanced connectivity to/from eight cities in Brazil to Emirates’ global network via Sao Paulo.

More opportunities to earn Miles

Under the agreement, Emirates Skywards members can earn Miles while traveling across Azul’s  network of more than 150 destinations. Skywards members earn up to 1 Skywards Mile per mile flown in Economy class, and up to 1.5 Skywards Miles per mile flown in Business Class. Members can also redeem flight rewards on Azul Economy Class on emirates.com (starting from 8,000 Miles for a one-way reward ticket) and Azul Business Class (starting from 17,500 Miles for a one-way reward ticket). The partnership will also enable TudoAzul members to earn Miles across Emirates’ global network of more than 130 destinations, across six continents. Azul members can also enjoy flight rewards on Emirates Economy and Business Class cabins.*

Connecting Brazil to the world

Emirates currently operates a daily A380 service to Sao Paulo, featuring its highly lauded Premium Economy cabin. The airline also operates a Boeing 777-300ER service between Dubai and Rio de Janeiro, which also connects travellers onwards to Buenos Aires. The codeshare agreement with Emirates and Azul allows customers to connect to/from Rio de Janeiro,  Santos Dumont (SDU), Belem (BEL) Belo Horizonte (CNF), Cuiaba (CGB), Curitiba (CWB), Juazeiro Do Norte (JDO), Porto Alegre (POA) and Recife (REC) airports on flights operated by Azul to Emirates flights from Sao Paulo (GRU) to Dubai and beyond with a single ticket.

Copy Translate
Copy Translate

Embraer delivers Ipanema agricultural airplane number 1,600

Botucatu, Brazil, January 15, 2024 — Embraer SA (ADR-NYSE: ERJ) Agricultural Aviation Division delivered 65 Ipanema airplanes in 2023, an increase of 18% compared to the previous year. As a result, in December, the company reached the milestone of 1,600 units produced and delivered over the aircraft’s five decades of uninterrupted production.

Since the launch of the new version of the EMB-203 model in 2020, the company has seen continuous growth in sales and plans to increase production to 70 planes this year.

As the leader in the Brazilian aerial applications market, the Ipanema brings innovations and improvements that increase robustness with low operating costs and carbon emissions. The Ipanema is the only agricultural airplane certified and produced in series to fly on ethanol, a renewable energy source that provides increased power to the aircraft’s engine.

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.

 

 

Copy Translate
Copy Translate

Signia by Hilton debuts flagship downtown Atlanta hotel

Atlanta, Georgia – Hilton Worldwide Holdings Inc. (NYSE: HLT) announced the highly anticipated opening of the 976-room Signia by Hilton Atlanta, marking the first new build and Georgia hotel for the Signia by Hilton brand, and Atlanta’s largest ground-up hotel development project in 40 years. Inclusive of the property’s debut, Atlanta represents Hilton’s largest market globally by number of hotels with a portfolio of 136 hotels across 13 brands welcoming travelers to the destination. In Atlanta, Hilton also has a pipeline of more than 40 hotels in various stages of design and construction.

Poised to become a signature landmark and economic catalyst on the city’s west side, Signia by Hilton Atlanta is owned by Georgia World Congress Center Authority (GWCCA) and forms part of the Authority’s Championship Campus, North America’s largest combined convention, sports, and entertainment destination, which also includes Georgia World Congress Center, Mercedes-Benz Stadium and Centennial Olympic Park. Built on the repurposed foundation of the Georgia Dome, the hotel features eight food and beverage experiences; a spa, beauty bar, rooftop pool and fitness center; more than 100,000 square feet of flexible meeting space, including the largest hotel ballroom in Georgia; a grand outdoor event deck and lawn; and Club Signia.

Signia by Hilton Atlanta was developed by Boston-based Drew Company, with Gensler as the architect and interior designer, and a joint venture between Skanska and SG Contracting as the general contractor. As the tallest building on the west side of Atlanta, the 42-story, 1.25 million square foot property is enveloped in wall-to-wall glass, offering panoramic views of downtown Atlanta, an inspiring and curated art collection, and inviting spaces.

All guest rooms at Signia by Hilton Atlanta offer spectacular floor-to-ceiling windows with panoramic views and reflect the warmth and refinement of Southern luxury, featuring a combination of earth toned-fabrics, rich wood and rattan textures, and brass finishes. The colors and materials are inspired by the building’s unique location in the city, paying homage to some of the most historically important and culturally significant neighborhoods in Atlanta. Shades of amber, deep brown, soft beige, and slate blue evoke a subtle sophistication, while black and metallic details bring an understated modern twist. Together, these design elements invite guests to celebrate the distinguished style of Southern hospitality through a timeless look that is both stylish and functional.

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.

 

Copy Translate
Copy Translate
Copy Translate

LATAM group presents special collection of aircraft in South American colors

Santiago, Chile, January 12, 2024 – With the aim of celebrating the local pride of the leading airline group in Latin America, LATAM group unveiled its latest project, which involves adorning five aircraft with the respective national flag colors of the countries where the affiliates operate domestic flights.

The idea, extending throughout 2024, is to gradually introduce the five painted aircraft into the domestic flights of the affiliates. It will begin on January 11 with LATAM Airlines Brasil, debuting an Airbus A320neo in green and yellow colors, followed by planes representing the colors of the affiliates in Colombia, Chile, Peru, and finally, Ecuador.

The special paint scheme, applied by 30 workers from the Brazilian affiliate, maintains the characteristics of the LATAM logo already present on its aircraft, with only the colors being modified. The design of the LATAM Airlines Brasil A320neo started this Monday at the São Carlos facility in Sao Paulo, the largest maintenance center of the LATAM group.

Currently, the airline group has 332 aircraft, including 56 Boeing passenger planes (models 767, 777, and 787) and 256 Airbus planes (models A319, A320, A320neo, A321, and A321neo).

Additionally, LATAM Cargo has 20 cargo planes.

Copy Translate
Copy Translate
Copy Translate
« Older posts Newer posts »