Category: Green Energy News (Page 5 of 47)

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

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.

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

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

LATAM orders five additional Boeing 787 aircraft

December 20, 2023 / WIL BALDWIN

LATAM Airlines Group SA (ADR: LTMAY) announces an order for five more Boeing (NYSE: BA) 787 Dreamliners to continue advancing its commitment to be more efficient and sustainable. The purchase ranks the South American airline group as the largest operators of Dreamliners in Latin America.

With this order, together with the already scheduled deliveries of this model in the upcoming years, LATAM group will reach a total of 46 Boeing 787 airplanes. Representing an increase of 20 airplanes of this model compared to the pre-pandemic fleet, this investment reinforces the group’s commitment to have one of the most modern and efficient fleets in South America.

Additionally, LATAM group has decided to equip the next Boeing 787s it receives with GEnx engines by General Electric (NYSE: GE) Aerospace Division, becoming the first airline in South America to have these engines known for their high performance and efficiency.

The GEnx engine family has more than 50 million flight hours since entry into service in 2011 and is the fastest-selling, high-thrust engine in GE history with nearly 3,000 engines in service and on backlog, including spares, according to data from its manufacturer.

Forward-Looking Statements

Lufthansa Group orders another 40 Airbus A220 aircraft

December 19, 2023 / WIL BALDWIN

Toulouse, France, December 19, 2023 – The Deutsche Lufthansa AG (Xetra: LHAG) Supervisory Board decided to place a firm order for an additional 40 Airbus Group SE (Paris: AIR) A220-300s for its short and medium-haul fleet. The A220 has been in service with the Group since 2016, when SWISS put the first aircraft into scheduled service.

With its latest order Lufthansa reinforces its long standing relationship with Airbus. Since the A300 in the 1970’s, Lufthansa Group has operated all members of the Airbus product family, from the A220, A320-Family, A330, A340, A350 and the A380.

Forward-Looking Statements

Rolls-Royce powers Europe’s first inland ferry

December 19, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC (London: RR) powers Europe’s first inland ferry using a high-speed mtu Series 4000 gas engine has just gone into operation on Lake Constance, Germany. The ferry, which was recently christened Richmond, will cross Lake Constance eight to nine times a day, carrying up to 700 passengers and 64 cars from Meersburg to Constance and back. It joins a fleet of five other ferries that are all powered by mtu engines.

The Richmond is the first inland ferry in the world to be powered by high-speed, gas-only engines. The two eight-cylinder mtu Series 4000 engines each provide 746 kilowatts of power and operate with less noise and vibration than a diesel engine, while keeping emissions below the current IMO III nitrogen oxide limits, even without exhaust gas aftertreatment.

A multipoint gas injection system ensures dynamic acceleration behaviour while the turbocharging system enables sufficient power reserves throughout the entire speed range for difficult driving manoeuvres.

In the future, the ferry operator hopes to run the ship on bio-liquified natural gas (LNG) and thus be completely climate-neutral.

Click the link to read the full story! – Lake Constance high-speed ferry!

Forward-Looking Statements

easyJet orders additional Airbus A320neo family aircraft

December 19, 2023 / WIL BALDWIN

Toulouse, France, December 19, 2023 – EasyJet PLC (London: EZJ) has confirmed a firm order for an additional157 Airbus Group SE (Paris: AIR) A320neo Family aircraft following shareholder approval. The firm order comprises 56 A320neo and 101 A321neo aircraft, and also includes the upsizing of an existing order for 35 A320neo into the larger A321neo. The agreement is part of easyJet’s fleet renewal and upgauging plan and is also bringing substantial sustainability improvements to its business.

Forward-Looking Statements

Lufthansa Group to buy up to 100 Boeing 737 MAX jets

December 19, 2023 / WIL BALDWIN

Seattle, Washington, December 19, 2023, PRNewswire – Boeing (NYSE: BA) and the Deutsche Lufthansa AG (Xetra: LHAG) today announced a landmark 737 MAX order for up to 100 jets that will see Europe’s largest airline group restore the Boeing 737 family into its fleet. The commitment includes a firm order for 40 737-8 airplanes with 60 options.

Boeing’s ongoing commitment to support the sustainability goals of its airline partners is reflected in the 737 MAX’s efficient design. The 737 MAX reduces CO₂emissions by 20% and has a 50% smaller noise footprint compared to older generation airplanes. 737-8 will help the Lufthansa Group meet those sustainability targets with significant improvements in fuel use, emissions, and community noise impacts, all while reducing costs for the airline.”

Lufthansa launched the Boeing 737 in 1967, taking delivery of the first of 146 737s until its final delivery of a 737-300 in 1995. The airline retired its last 737 in 2016 as it started its group wide fleet modernization program. The Lufthansa Group has placed a series of wide-body orders in recent years to accelerate replacement of older airplanes. Its current backlog include firm orders for 34 787 Dreamliners, seven 777-8 Freighters and 20 777-9 airplanes.

Forward-Looking Statements

Air Corsica adds two additional ATR 72-600 to regional fleet

December 18, 2023 / WIL BALDWIN

Toulouse, France, December 18, 2023 –ATR, the world number one regional aircraft manufacturer, and Air Corsica have confirmed a firm order for two more ATR 72-600 aircraft. Air Corsica has completed the full transition of its fleet of ATR -500 series to the latest generation of turboprop aircraft from its order initially at the Paris Air Show.

The two aircraft are scheduled for delivery in the first half of 2024, at which time Air Corsica will have fully harmonised its regional fleet. The airline will have seven ATR 72-600 aircraft, powered by the latest PW127XT engines, optimising the reliability, comfort, operating costs and CO2 emissions of its connecting flights between Corsica’s four airports and Nice and Marseille and providing a high-quality public service.

Air Corsica was the first operator to take delivery of an ATR 72-600 equipped with the new PW127XT engine at the end of 2022, which brought a 20% reduction in maintenance costs and at least a 3% reduction in fuel consumption compared with the PW127M. It generates CO2 emission savings of 45% compared with a similar-size regional jet, demonstrating its commitment to operational excellence, regional connectivity and sustainability.

Eve Air Mobility hosts customer advisory board

December 18, 2023 / WIL BALDWIN

Melbourne, Florida, December 18, 2023 – Eve Air Mobility (NYSE: EVEX) held its Customer Advisory Board meeting last week at its headquarters in Melbourne, Florida. Customers and partners from 12 companies and nearly every continent came together to discuss the aircraft, operations, ecosystem readiness and services and solutions.

Eve’s Customer Advisory Board includes a wide variety of operators including fixed-wing and rotorcraft operators and lessors, all with the objective of co-creating the Urban Air Mobility (UAM) ecosystem. The discussions included optional items and vehicle configuration and passenger cabin experience. In addition, attendees also received a program and product update from Eve´s leadership.

Eve also took the opportunity to highlight its worldwide sales and support network which includes a broad customer support infrastructure. Eve’s customers will also benefit from Embraer’s global service and support network which includes 10 existing services centers and 66 third-party service centers around the world.

Forward-Looking Statements

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