Category: Avionics (Page 8 of 43)

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

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.

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

Japan Air Lines launches web page to celebrate 70 years

December 17, 2023 / WIL BALDWIN

Tokyo, Japan – Japan Airlines Co Ltd (Tokyo: 9201) will commemorate the 70th anniversary of its first international flight on February 2, 2024. As the first Japanese airline to operate scheduled international flights, JAL has contributed to the exchange and trade of people and cultures between Japan and the world. And with its current extensive international network connecting 376 airports in 64 countries/regions, JAL is proud to serve a truly diverse mix of international customers.

To honor the memorable connections and stories created over the past 70 years, JAL is launching a special web page. Additionally, as a token of appreciation to its valued customers around the world, JAL is pleased to announce the launch of a special one month free in-flight Wi-Fi campaign on all international flights to celebrate the historic milestone.

【Specific Initiatives】
1. Launch of a Special Web page to Celebrate JAL’s 70th Anniversary of International Flights
A special web page will be launched on the JAL corporate website to celebrate the airline’s history and provide a digital destination for history enthusiasts to enjoy highlights, memories and stories covering the past 70 years of JAL’s international flight service. This page will include memorable stories from the past 70 years and the history of 70 years of international flight service.

2. Free Wi-Fi Campaign on International Flights
Introducing a special campaign for the first time, JAL will be offering complimentary Wi-Fi service on all international routes.
(1) Eligible travel period: Thursday, February 1 to Thursday, February 29, 2024
(2) Eligible routes/flights: All JAL-operated international flights (excluding code-share flights operated by other carriers).
*Details regarding the campaign, such as application procedures and instructions for connecting onboard, will be announced on the dedicated website at a later date.

Special Web page to Celebrate JAL’s 70th Anniversary of International Flights:
https://www.jal.com/en/jal-int-70th

Forward-Looking Statements

Turkish Airlines to become largest operator of Rolls-Royce Trent XWB engines

December 15, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC (LSE: RR, ADR: RYCEY) today announces Turkish Airlines will order 100 Trent XWB-84 engines and 40 Rolls-Royce Trent XWB-97 engines. This will make Turkish Airlines the world’s largest operator of Trent XWB engines.

The Trent XWB-84 powered A350-900’s, Trent XWB-97 powered A350-1000’s and Trent XWB-97 powered A350F will be delivered between 2025 and 2033. The engines health and maintenance will be covered by the Rolls-Royce comprehensive TotalCare service.

This substantial order will complement the airline’s existing fleet, adding to the 40 Rolls-Royce Trent XWB-84 A350-900’s already in service and on order, and 26 Trent 700 powered A330’s.

Forward-Looking Statements

Virgin Atlantic increases capacity to the USA for summer 2024

December 15, 2023 / WIL BALDWIN

Virgin Atlantic is delighted to announce plans to increase capacity to its heartland in the USA, adding frequencies from London Heathrow to both New York JFK and Boston for summer 2024. These new services complement the airline’s recent announcements of increasing Miami services from 11 flights per week to twice daily year-round and a new seasonal summer service from Manchester to Las Vegas.

Next summer, the airline will offer a record number of flights between London and New York, with a seventh daily flight to JFK, and together with Joint Venture partner Delta, will offer ten daily services to the Big Apple, an increase of 11% compared to summer 2023.

In a further boost to its East Coast flying, Virgin Atlantic will also operate a second daily flight to Boston. Complementing Delta’s daily service, Boston will be served with three flights a day.

Customers on both Virgin Atlantic departures will experience flying on the airline’s newest aircraft, the A330-900neo, and A350-1000, increasing the number of Upper and Premium seats by 23%. Upper-Class passengers looking to treat themselves can also benefit from booking the A330-900neo innovative Retreat Suite, which comprises of two spacious exclusive suites at the front of the Upper Class cabin. Elsewhere, passengers travelling with Joint Venture partner Delta will be able to enjoy its new and enhanced Delta One product.*

*There may be occasions that some ad-hoc Boston and New York services are substituted for an alternate aircraft type.

Azul Linhas Aereas discloses order for four A330neo’s

December 15, 2023 / WIL BALDWIN

Sao Paulo, Brazil, December 15, 2023 – Azul Airlines SA (NYSE: AZUL) discloses a firm order for four additional A330-900 from a purchase agreement signed in June 2023. With these aircraft, the airline will expand its fleet and international route offering.

The A330neo is powered by the latest generation Rolls-Royce Trent 7000 engines, with a range of 7,200 nautical miles / 13,300 kilometers non-stop. Azul Linhas Aereas launched operations in 2008 and has since grown to become one of the largest airlines in Brazil by servicing more than 160 destinations within Brazil, the United States, Europe and South America. Azul received the Americas’ first A330neo in 2019 and operates 12 A330 Family aircraft.

Forward-Looking Statements

Air Lease delivers first of seven Airbus A321-200neo aircraft to Transavia

December 15, 2023 / WIL BALDWIN

Los Angeles, California, December 15, 2023, Business Wire – Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to Transavia Airlines, a subsidiary of Air France KLM SA (Paris: AIRF). This aircraft is the first of seven new Airbus A321s confirmed to deliver to Transavia on long-term lease from ALC’s order book with Airbus and the first A321-200neo to join the Dutch carrier’s fleet.

Forward-Looking Statements

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

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