Category: Environmental News (Page 5 of 49)

Solaris to deliver 105 more electric buses in Milan, Italy

December 28, 2023 / WIL BALDWIN

Solaris, a subsidarary of Construcciones y Auxiliar de Ferrocarriles (Madrid: CAF), has concluded a new contract with the Italian transport operator ATM Milano for the supply of another 105 electric buses. The customer has in this occasion decided to purchase 18 metre long Urbino articulated units, to be delivered starting in the first half of 2025.

The relationship between Solaris and ATM in Milan began in 2014. Since then, the Italian operator has placed orders for some 500 vehicles. In fact, since 2018, Solaris has only supplied zero-emission vehicles to Milan, making the Milan-based company one of the European operators with the largest number of Solaris zero-emission vehicles. The success of this type of projects demonstrates the confidence of the Lombardy capital’s transport authorities in the CAF Group and confirms the Milanese operator’s intention to completely phase out diesel buses from its fleet by the end of 2030.

The chosen vehicle is the electric Urbino 18, a bus equipped with Solaris High Energy batteries with a total capacity of 700 kWh, which can be recharged either via pantograph or by plugging in. It should also be noted that the customer will be implementing a city infrastructure optimisation plan, which will allow the vehicles to be regularly recharged by means of chargers placed at strategic points along the route, thus guaranteeing virtually unlimited driving autonomy throughout the day.

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.

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

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

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

Norse Atlantic Airways extending flights from Oslo to Bangkok

December 23, 2023 / WIL BALDWIN

Norse Atlantic Airways ASA (Oslo: NORSE) is pleased to announce the continuation of its highly successful direct flights from Oslo to Bangkok in the upcoming summer 2024 season. Following a highly anticipated launch in the winter of 2023, this route has quickly become a traveller favourite, connecting two vibrant cities and catering to the increasing demand for affordable direct flights to Thailand.

Fares start from NOK 3869 one way including all fees and taxes and are available to book now on www.flynorse.com

Norse Atlantic exclusively operates modern Boeing 787 Dreamliner aircraft. The cabin offers passengers a relaxed and comfortable travel experience with each seat including a personal, state-of-the-art entertainment experience. Our Norse Premium cabin offers an industry leading 43” seat pitch and 12” recline, allowing passengers to arrive at their destination feeling refreshed and ready to explore their destination.

Norse Atlantic offers two cabin choices: Economy and Norse Premium. Passengers can choose from a simple range of fares, Light, Classic and Flextra, that reflect the way that they want to travel, and which options are important to them. Light fares represent Norse’s value option, while Flextra fares include the maximum baggage allowance, two meal services and increased ticket flexibility.

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

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