Category: Joint Venture News (Page 14 of 34)

Alstom consortium picked to deliver Dominican Republic’s first monorail system

August 28, 2023 / WIL BALDWIN

August 28, 2023 – Alstom (OTC: ALSMY), a global leader in smart and sustainable mobility, announces that the Consortium SIF (led by Alstom and including Sofratesa) has been selected by Fideicomiso para el Desarrollo del Sistema de Transporte Masivo (FITRAM) of the Dominican Republic to deliver an integrated Innovia monorail system for the city of Santiago de los Caballeros. When completed, the 13-kilometre, 14-station Santiago de los Caballeros monorail system will be the first of its kind in the country and in the Caribbean. The system is dimensioned to carry up to 20,000 passengers per hour per direction (pphpd) and will provide faster and more efficient connections between the city’s northwest and southeast areas.

Alstom’s scope within the contract includes system integration, testing and commissioning of the full system and the supply of Innovia monorail trains as well as Cityflo 650 GOA4 driverless signalling, Hesop reversible power supply, conductor rail, high-speed interchange switch systems and depot equipment. Alstom’s share of the contract is worth approximately €370 million. This project is carried out with financing from the French government.

Alstom will deliver the 13 four-car automated Innovia Monorail 300 trains, which incorporate the design and operational features required for a high-capacity urban transport system. These features include automatic driverless operation, bi-directional operations, and compliance with international safety requirements and standards. Capitalising on Alstom’s strong leadership with over 30 years’ expertise in communications-based train control (CBTC), Alstom’s Cityflo 650 CBTC solution — the first driverless rail control system in the Dominican Republic— will support the highest grade of automation (GoA4), allowing for high reliability, shorter intervals between trains, flexible and safe operations, and reduced maintenance costs. To further increase the energy efficiency of the system, Alstom will install Hesop reversible power stations, which translates into not only building fewer substations along the alignment but also recovering and reinjecting up to 99% braking energy from the trains back into the network.

Repro Free Iarnród Éireann to make transformative investment in signalling to increase the capacity of Cork commuter rail network. Pictured at the announce meant at Kent Station, Cork city were Alstom Ireland Managing Director, Piers Wood; Minister for Finance Michael McGrath TD and Iarnród Éireann Chief Executive Jim Meade. Pic Daragh Mc Sweeney/Provision

Alstom chosen to provide Smartlock Interlocking & ETCS for Cork Area commuter rail

August 23, 2023 / WIL BALDWIN

August 23, 2023 – Alstom (OTC: ALSMY), the global leader in smart and sustainable mobility, has been awarded a groundbreaking contract by Irish Rail (Iarnród Éireann) to revolutionise rail travel and mobility on the Cork Area Commuter Rail (CACR) network. The project, set to enhance the rail service within the Cork metropolitan area, will feature Alstom’s cutting-edge signalling technologies – Smartlock Computer-Based Interlocking (CBI) system and European Train Control System (ETCS).

The CACR project aims to modernise and upgrade 62km of the rail network, stretching from Mallow to Cork, Cobh, and Midleton, creating a seamless, high-frequency unified suburban rail service for the people of Cork.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

At the core of this transformative initiative is Alstom’s Smartlock CBI system. This state-of-the-art technology will serve as the project’s primary foundation, offering a safe, simplified, and maintenance-friendly solution. By directly interfacing with axle counters and trackside objects through SmartIO, the Smartlock system eliminates the need for intermediate relays, ensuring a robust, efficient, and streamlined operation.

ETCS: Ensuring Continuous Train Protection and Efficiency

In addition to Smartlock interlocking, the project will also feature the European Train Control System (ETCS) Level 1 trackside technology. ETCS is a train protection system that guarantees enhanced safety, efficiency, and reliability throughout the Greater Cork area. The implementation of ETCS further strengthens the commitment to safety and ensures a smooth, secure, and eco-friendly rail network.

A.P. Moller–Maersk to strengthen distribution network in India with more than 500 Electric Vehicles

August 23, 2023 / WIL BALDWIN

Mumbai, India – A.P. Moller – Maersk (OTC: AMKBY) has the ambition to be Net Zero across business and provide customers with 100% green solutions by 2040. To achieve this goal, there is a strong need to decarbonise logistics at every stage. It is important not only for Maersk to achieve these sustainability goals but for the customers too, who are demanding environmentally friendly solutions that would decarbonise their supply chains.

In September 2022, Maersk unveiled its three-wheeler and four-wheeler EV’s in Mumbai, India and soon rolled them out for its first customer in the NCR region. Since then, the awareness around EV’s that can support distribution logistics in India has risen, and with that has come an unprecedented demand from several customers.

Maersk has recently tied up with a large e-Commerce platform in India to support its distribution requirements with a dedicated fleet of EV’s that range in the capacity of 550 to 700 Kgs with a driving range of over 120 km. Over 200+ vehicles have already been deployed across 15 cities, and more than 300 EV’s.

So far, Maersk’s EV fleet has covered more than 135,000 km. Maersk is also investing in creating a charging network for its fleet of EV’s, including the option to harness solar energy at its own facilities for warehouses across the country.

Amtrak Airo Trainsets Ordered to Meet Surging Demand

August 22, 2023 / WIL BALDWIN

Washington, D.C. – Amtrak executed a contract option to order 10 additional Amtrak Airo trainsets as demand for passenger rail travel exceeds expectations. This brings the total contract order to 83 trainsets. The first Amtrak Airo trainset is scheduled to debut in 2026 and these new trains will operate on routes throughout the country. The Amtrak Airo trainsets are being manufactured in California by Siemens (OTC: SIEGY) A.G. of Germany.

Currently in production, the new trains will elevate the customer journey. Features include:

💺 Spacious, Comfortable Seats: Loaded with features and improvements:
- Dedicated power, USB-C ports, seatback tablet and phone holders, bigger and sturdier tray tables and adjustable cup holders.
- Contoured seat cushions, enhanced leg room, individual arm rests and adjustable headrests – all with a focus on ergonomics.
🗺 Trip and Train Navigation: Bolder, color-coded signage to identify amenities and differentiate classes of service, both on board and on the platform.
🌍 Greener Impact:
- More fuel efficient, producing 90% less particulate emissions in diesel operations.
- Dedicated water stations on each trainset, providing chilled and filtered hydration, while reducing the need for disposable plastic bottles.
🤳 Modern Tech: New 5G Wi-Fi and digital information systems.
♿ Enhanced Accessibility:
- Spacious and accessible restrooms, vestibules and Café cars with integrated boarding equipment for customers with reduced mobility.
- Inductive hearing technology to assist with onboard announcements.
🍽 Café Car: Contemporary food service allows for a grab-and-go experience.
🚽 Restrooms: Touchless with spacious, accessible interiors.
💻 Business Class: Increased space between customers, offering double and single seats, wider arm rests, additional outlets, footrests and improved ambiance.
💡 Lighting: Enhanced lighting provides a softer yet functional interior with individual reading lights at each seat.
🧳 Luggage: Access to ample storage space for baggage.

Click the link below to watch the video!

Indonesia Ministry of Defense Visit, Republic of Indonesia; TNI Lieutenant General (Purn) Prabowo Subianto tours F-15EX Production in Building 101; F-15 Static Display in Building 75 and Ceremonial Statement Signing in Building 100 Prologue Room - St. Louis, MO. MSF23-036 Series.

Indonesia Announces Commitment to Acquire Boeing F-15EX

August 21, 2023 / WIL BALDWIN

ST. LOUIS, MISSOURI, August 21, 2023 – The Republic of Indonesia and Boeing (NYSE: BA) shared their commitment to finalize the sale of 24 F-15EX aircraft to Indonesia, subject to U.S. government approval, during a visit of Indonesia’s Minister of Defense Prabowo Subianto to the United States.

The signing of a Memorandum of Understanding (MoU) by Air Vice Marshal Yusuf Jauhari, Head of Defense Facilities Agency, Indonesia Ministry of Defense, and Mark Sears, Boeing Fighters vice president and program manager, took place today at the company’s St. Louis facility following a tour of the F-15EX production line.

The F-15EX is the most advanced version of the F-15 ever built, with digital fly-by-wire flight controls, a new electronic warfare system, an all-glass digital cockpit, and the latest mission systems and software capabilities, which will all be leveraged in delivering the new F-15IDN.

Boeing and Indonesia have worked in partnership for nearly 75 years to support the development of aerospace and defense capabilities in the country through training, supply chain development and collaborations. Today, Boeing’s presence in Indonesia covers commercial aviation, defense, space, supply chain, academia partnerships and talent development efforts across the local industry.

Currently the F-15 is operated by seven countries around the world.

JetBlue Announces Record and Payment Dates for Additional Prepayment to Spirit Stockholders of August 2023

August 15, 2023 / WIL BALDWIN

New York, NY, August 15, 2023 – (BUSINESS WIRE) – As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 the “Merger Agreement”, by and among JetBlue Airways Corporation (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (NYSE: SAVE), JetBlue has set August 25, 2023, as the record date for the August 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “August 2023 Additional Prepayment”), with payment of the August 2023 Additional Prepayment to occur on August 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the August 25, 2023, record date will be entitled to receive the August 2023 Additional Prepayment.

Leonardo lands new helicopter contracts in Latin America at LABACE 2023

August 13, 2023 / WIL BALDWIN

Sao Paulo, Brazil, August 10, 2023 – Leonardo (OTC: FINMY) confirms its leading position in the private helicopter transport market with new contracts in Latin America announced during official ceremonies held at LABACE 2023.

A distributor Agreement was signed at LABACE 2023 between Leonardo and Gruppomodena S.A. for the civil market in Uruguay and Argentina including, an order for two AW119Kx and an order for one AW109 GrandNew for a private operator in Brazil
Official distributor in Brazil for the AW09 latest generation single engine, Gualter Helicopters signs for three aircraft with private operators
Leonardo’s growth continues to leverage the Agusta brand’s exclusive solutions in the VIP/corporate market and through the new Service and Logistic Centre in Itapevi

Gruppomodena S.A. has been appointed official distributor of Leonardo helicopter types including the AW119Kx, AW109 legacy, AW169 and AW139 for the civil markets in Uruguay and Argentina. The distributor has also signed a contract for two AW119Kx single engine helicopters. A major player in Latin America for helicopter services, this partner is also an established operator of AW109 and AW139 helicopters for a range of roles including passenger transport, offshore transport, and rescue as well as an authorised service centre for the reference market. In addition, another private operator has placed an order for one AW109 GrandNew light twin engine helicopter, which will be operated in Brazil. All of these light helicopters announced at LABACE will feature customised VIP interiors and will be used for private/corporate transport in the relevant locations.

Furthermore, Leonardo’s distributor for the latest generation AW09 single engine model in Brazil, Gualter Helicopters (Aero Service Representação) has signed contracts for three aircraft for executive transport with three different end-users in the country. These latest achievements for the AW09 in Brazil come two months after the appointment of Gualter Helicopters, which had signed preliminary sales contracts for 20 units in March, providing evidence of the already anticipated strong interest from potential operators in acquiring the new type. Acquired three years ago by Leonardo, the AW09 perfectly complements Leonardo’s product range in the Long Light Single segment, introducing an all-new design aircraft to sustain long-term competitive positioning in this weight category.

With a 45% share over the last ten years, Leonardo is the world leader in the twin-engine VIP/corporate helicopter market including private, charter and VVIP/Government transport services, thanks to the most modern and largest product range. More than 900 Leonardo VIP/corporate helicopters are flying today globally, approximately 25% are based in Latin America. Leonardo is also leveraging the Agusta brand for today’s and future VIP market initiatives. This brand exemplifies the unique combination of best in class performance, latest technology, comfort and Italian style widely recognised in the market for Leonardo’s VIP-configured helicopters, delivering a unique service and flight experience. Moreover, operators benefit from the all new Service and Logistic Centre in Itapevi (São Paulo), which has allowed to further increase the level of quality localised technical assistance over the last two years, with the potential for a future expansion.

Hilton Plans to More Than Quadruple its Presence in Saudi Arabia

August 13, 2023 / WIL BALDWIN

Riyadh, Saudi Arabia – As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA). Hilton has accelerated its growth strategy in Saudi Arabia in recent years, announcing multiple signings as the company works towards its plans to increase its portfolio to more than 75 trading properties across the country.

The latest of these signings include Conrad Hotels & Resorts entry into the heart of the Saudi capital with Conrad Riyadh Laysen Valley, which is set to open in 2025. Hilton’s growth continues in secondary cities, with the recent signings in Abha, Hilton The Point Residences and Canopy by Hilton The Point, both due to open in 2026.

Conrad Riyadh Laysen Valley

In partnership with Mashareq Investment, Hilton plans to bring its second Conrad Hotels & Resorts property to Saudi Arabia. The 170-key Conrad Riyadh Laysen Valley will bring the brand’s bold design, impactful experiences, and curated contemporary art to inspire travellers throughout their stay. Featuring world-class amenities, purposeful service and guest facilities, the modern, luxury hotel is expected to open in 2025 opposite the city’s diplomatic quarter at the heart of the Laysen Valley development, one of Riyadh’s most prominent high-end, mixed-use real estate projects.

Latest Hotel Signings for Saudi Arabia include:

Waldorf Astoria Riyadh Diriyah – the iconic 200-room hotel, expected to open in 2028, will be located in a prime position within Diriyah, surrounded by high-end restaurants, luxury retail stores, residences, art galleries and museums.
Wadi Hanifah, LXR Hotels & Resorts – this secluded retreat, expected to open in 2026, will house 80 immaculately designed guest rooms and enchanting villas, offering Diriyah visitors a lush escape of tranquility and relaxation.
Canopy by Hilton Al Khobar Ajdan Waterfront – The 120-guest room hotel, expected to open in 2026, is ideally located on the corniche, adjacent to Boulevard Ajdan, the high-end shopping and entertainment destination.
DoubleTree by Hilton Jeddah Al Andalus Mall – the 164–guest room hotel attached to the Jeddah Al Andalus Mall is due to open next year.
DoubleTree by Hilton Jeddah Al Marwah – this 178-guest room hotel will be located within close proximity to the King Abdulaziz International Airport, and on the corner of the bustling Hira Street.
Hampton by Hilton NEOM Community – expected to open later this year, Hampton by Hilton NEOM Community will feature 201 guest rooms.
Hampton by Hilton Hafr al-Batin – will feature 150 guest rooms and is due to open in 2026.

Hilton currently operates 16 hotels in Saudi Arabia, including Waldorf Astoria Jeddah – Qasr Al Sharq, Conrad Makkah, and Hilton Riyadh Hotel & Residences. Its development pipeline of more than 50 properties includes the introduction of new brands like LXR Hotels & Resorts, Canopy by Hilton, Embassy Suites by Hilton, and Hampton by Hilton.

United to resume flights to Beijing Flying and reintroduces daily service to Shanghai

August 11, 2023 / WIL BALDWIN

Chicago, Illinois, August 11, 2023 /PRNewswire/ – United Airlines (Nasdaq: UAL) today announces it will resume daily flying between San Francisco and Beijing this November and will increase flying to Shanghai with daily flights from San Francisco, starting October 1, 2023. These enhancements to United’s Asia Pacific schedule are enabled by agreement between the governments of the U.S. and China to increase flights between the two countries.

Shanghai flights are currently available on United.com and on the United app, while the Beijingschedule will be updated in the next week.*

* Flights pending government approval.

Texas Central and Amtrak Seek to Explore High-Speed Rail Service Opportunities

August 9, 2023 / WIL BALDWIN

Washington, D.C. – Texas Central Partners (“Texas Central”) and Amtrak are seeking opportunities to advance planning and analysis work associated with the proposed Dallas-Houston 205-mph high-speed rail project to further determine its viability. Amtrak has cooperated with Texas Central on various initiatives since 2016 and the two entities are currently evaluating a potential partnership to further study and potentially advance the project.

The proposed approximately 240-mile route would offer a total travel time of less than 90 minutes between two of the top five major U.S. metropolitan areas and would complement future, new and improved corridor and long-distance service in the southern region.

Texas Central and Amtrak have submitted applications to several federal programs in connection with further study and design work for the potential Dallas to Houston segment, including the Consolidated Rail Infrastructure Safety and Improvements (CRISI) grant program, the Corridor Identification and Development program, and the Federal-State Partnership for Intercity Passenger Rail (FSP-National) grant program.

Amtrak has worked with Texas Central since 2016 when it entered into agreements to provide through-ticketing using the Amtrak reservation system and other support services for the planned high-speed rail line.

In addition to current Amtrak service in Texas and planned station improvements, Amtrak submitted grant applications for daily Sunset Limited service and the extension of the Crescentfrom Mississippi through Louisiana and Texas. Amtrak supports Kansas DOT’s Heartland FlyerExtension Corridor Identification and Development (Corridor ID) application that will connect Wichita and communities across Kansas, Oklahoma, and Texas to the Amtrak network. Amtrak also supports Texas DOT’s applications for the Texas Triangle (Dallas – Fort Worth – Houston – San Antonio) routes.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

ETCS: Ensuring Continuous Train Protection and Efficiency

Conrad Riyadh Laysen Valley

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