Category: Japan News (Page 2 of 10)

Boom selects Honeywell Anthem Integrated Flight Deck for Overture

January 3, 2024 / WIL BALDWIN

Today Boom announced it has signed a supplier agreement with tier-one aerospace leader Honeywell International Inc (NASDAQ: HON), joining a growing network of global suppliers for Overture. As part of the agreement between the two companies, Honeywell’s next-generation flight deck and its modular avionics platform will be incorporated into Overture.

As a pioneer in integrated modular avionics, Honeywell has successfully matured multiple generations of flight deck technology. Honeywell’s unmatched expertise in the development and certification of large and complex avionics systems provides a foundation for the development and certification of a new generation of integrated avionics onboard Overture.

The Honeywell Anthem flight deck will be tailored for Overture’s specific mission requirements, helping to enable exceptional situational awareness and enhanced safety. The advanced avionics interface provides continuity to Boom pilots from initial flight training in a simulator, through to physical test flights. Anthem empowers pilots with advanced and intuitive features and capabilities that dramatically improve aircraft operability, including:

Enabling display and control customization, allowing pilots to modify their flight path, review the changes, and initiate the new path with ease.
Prioritizing improved situational awareness, streamlining the pilot’s primary tasks of aviating, navigating, and communicating. The platform leverages proven technologies, like conformal Synthetic Vision, to further integrate the pilot with the flight deck avionics. From visualizing energy management to increasing terrain awareness, the high resolution displays combine flight symbology with perspective terrain to make flying easier and safer.
Next-generation touchscreen interfaces that grant ready access to features like the radio interface and graphical flight planning on the map.

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.

Fiery plane crash at Tokyo Haneda Airport kills 5 Coast Guard crew members

January 2, 2024 / WIL BALDWIN

Toulouse, France, January 2, 2023 – Airbus regrets to confirm that an A350-900 operated by Japan Airlines was involved in an accident during flight JAL516 from Sapporo New Chitose Airport to Haneda International Airport shortly after 17:47 (local time) on 02 January 2024. All 367 passengers and 12 crew members on-board evacuated the aircraft.

The A350 collided with a DHC-8 aircraft at landing in Haneda. The Japanese authorities have since confirmed that sadly five of the six people on board the DHC-8 did not survive. The exact circumstances of the event are still unknown. The aircraft involved in the accident, registered under the number JA13XJ, was MSN 538, delivered to Japan Airlines from the production line on 10 November 2021.

In line with International Civil Aviation Organization (ICAO) Annex 13 recommendations, Airbus will provide technical assistance to the Bureau d’Enquêtes et d’Analyses (BEA) of France and to the Japan Transport Safety Board (JTSB) in charge of the investigation. For this purpose, Airbus is presently dispatching a team of specialists to assist the Authorities.

JAL becomes first airline in Japan to register as TNFD adopter

December 29, 2023 / WIL BALDWIN

Tokyo, Japan, December 28, 2023 – Japan Airlines Co., Ltd. (President and Group CEO: Yuji Akasaka) has achieved an important milestone by becoming the first airline in Japan to register as the TNFD Adopter *2, an adopter of the Taskforce on Nature-related Financial Disclosures (TNFD) *1.
In March 2023, JAL participated in the TNFD Forum and in August 2023, became the first airline in Japan to disclose information based on the TNFD recommendations in advance. Moving forward, based on the final recommendations released in September of this year, JAL is committed to further enhancing its disclosure practices and accelerating efforts to realize Nature Positive *3 together with all other early adopters.

Click the link below to read the full story!

JAL TNFD adopter

*1 International initiative that provides a framework for assessing and disclosing information on impacts on the natural environment and biodiversity.

*2 Companies and organizations that have decided to make disclosures based on the final recommendations by fiscal year 2025 or 2026. The registered companies will be announced at the World Economic Forum Annual Meeting (Davos Meeting) in January 2024.

*3 To Stop the loss of biodiversity and put the natural environment on a recovery track.

NYK conducts trial use for full scale introduction of biofuels

December 29, 2023 / WIL BALDWIN

Starting in fiscal 2024, NYK line [Nippon Yusen Kabushiki Kaisha (Tokyo: 9101)] will conduct full-scale trials of long-term use of biofuels*, which are considered to have net-zero CO₂ emissions, in navigating its existing heavy oil-fired vessels. Moving forward from the previous short-term trials, NYK will comprehensively verify the safety and stable procurement of biofuels when used over a long period. Through this trial, NYK will establish a safe navigation system using biofuels and promote biofuel development to achieve the Group’s goal of a 45% reduction in greenhouse gas (GHG) emissions by fiscal 2030 compared to fiscal 2021.

In this trial, NYK will use biofuel continuously for three months on multiple vessel types. After that, NYK will gradually extend biofuel use for a longer period for further validation.

Since fiscal 2019, the NYK Group has conducted short-term biofuel trials on about 10 vessels. While NYK has confirmed the safety of short-term biofuel use, NYK has not verified the impact of biofuels on the ship’s main engine, generator, motor, fuel supply system, etc., and the quality of biofuels after a certain storage period. NYK also needed to ensure the stability of biofuel procurement when used in more vessels.

NYK announced the NYK Group ESG Story 2023 on November 6, declaring a new target to reduce the NYK Group’s GHG emissions by 45%** from the fiscal 2021 level by fiscal 2030. NYK will promote this trial to achieve the goal.

* Biofuels are produced from biological sources (biomass), such as waste cooking oil, and are considered to have net-zero CO₂ emissions during combustion. Biofuels, also usable in heavy oil–fired engines, are one of the critical solutions to reducing GHG emissions during the transition from heavy oil to zero-emission fuels.

** Reduction ratio on absolute corporate emissions for scope 1 and 2.

Forward-Looking Statements

Ocean Network Express (ONE) announce new Japan Taiwan Cat Lai service

December 29, 2023 / WIL BALDWIN

Ocean Network Express (ONE) is pleased to announce a newly launch service – Japan Taiwan Cat Lai (JTC) into ONE’s service network.

JTC will provide our customers with new direct connections as well as quicker transit-time with only 4 days from Tokyo to Taipei/Taichung.

The first sailing will commence with the MV INTERASIA PURSUIT V. S060 arriving at Tokyo on the 22nd January 2024 with the following details.

Port Rotation : Tokyo – Yokohama – Taipei – Taichung – Ho Chi Minh
Frequency : Weekly service

For more information, please refer to the attached advisory

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

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

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

Japan Airlines takes delivery of its first A350-1000

December 14, 2023 / WIL BALDWIN

Toulouse, France, December 14, 2023 – Japan Airlines Co Ltd (Tokyo: 9201) has taken delivery of its first A350-1000 from the Airbus Group SE (Paris: AIR) delivery centre in Toulouse. The A350-1000 is set to become the airline’s new international aircraft, initially flying on the prestigious Tokyo Haneda – New York JFK route.

JAL’s A350 is configured in four classes. The First Class features six Suites, each with a choice of three modes: sofa, seat and single bed or double bed. The Business Class also offers Suites, with 54 seats and privacy doors. Meanwhile, the Premium Economy Class (24 seats) and Economy Class (155 seats) both feature more personal space and comfort in their respective categories. JAL’s A350-1000 cabin has been designed to make passengers immerse in the elegance of Japanese aesthetics and tranquillity. Meanwhile, a serene ambiance highlights the beauty of Japan. The cabin’s stylish interior is tailored to a high quality, high comfort passenger experience which echoes JAL’s renowned service.

JAL has ordered 31 A350 aircraft, comprising 18 A350-900’s and 13 A350-1000’s. The carrier has been operating the A350-900 on high density Japanese domestic routes since 2019. The A350’s unique Airspace cabin is the quietest of any twin-aisle in the sky. It offers passengers and crews the latest modern in-flight products for the most comfortable flying experience. The aircraft’s new generation engines and use of lightweight materials make it the most fuel efficient large widebody aircraft. The A350 is the quietest aircraft in its class featuring a 50 percent noise footprint reduction versus the previous generation aircraft, making it a good airport neighbour wherever it flies.

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

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