Category: Joint Venture News (Page 16 of 34)

Lufthansa and HCS Group sign Letter of Intent on production & supply of Sustainable Aviation Fuel Made in Germany

August 1, 2023 / WIL BALDWIN

The Lufthansa Group (OTC: DLAKY) and the HCS Group have signed a Letter of Intent (LoI) to partner on the production and supply of Sustainable Aviation Fuel (SAF). From the beginning of 2026, the HCS Group could supply the Lufthansa Group with SAF produced in the so-called Alcohol-to-Jet (AtJ) technology. The SAF, made from biogenic residues from agriculture and forestry, will be produced at the HCS Group production site in Speyer, operated by Haltermann Carless. SAF is a key element for more sustainable flying and thus for decarbonization in aviation.

With its engagement in the HCS Group the Lufthansa Group could support SAF ‘Made in Germany’, compliant with Europe’s Renewable Energy Directive RED II. The production site is logistically favorably located near the Lufthansa Group’s Frankfurt hub. The HCS Group offers sustainable hydrocarbon solutions to its customers. With the planned initial production volume of 60,000 metric tons of SAF per year, the chemical company aims to become the first large-scale producer of biogenic SAF in Germany.

The LoI with the HCS Group underpins the Lufthansa Group’s goal of driving forward the market ramp-up and use of Sustainable Aviation Fuels as a core element of its sustainability strategy. Today, the Lufthansa Group is one of the five largest SAF customers worldwide and is investing up to USD 250 million in the procurement of SAF for the coming years. In addition, the Lufthansa Group is working on numerous projects worldwide to increase SAF availability and is continuously examining further options for long-term purchase agreements.

Akiem orders 15 locomotives from Siemens increasing fleet to 100 Vectrons

July 31, 2023 / WIL BALDWIN

Akiem, a leading European rolling stock leasing company, has ordered an additional 15 Siemens (OTC: SIEGY) Vectron AC and Vectron MS locomotives from Siemens Mobility. The order was placed as part of a framework agreement for the purchase of locomotives that was signed in December 2021. Locomotives from this new call will be delivered between 2025 and 2027. Akiem previously ordered 20 Vectron locomotives from Siemens Mobility in December 2021 and an additional 65 units last August.

The ordered locomotives have a maximum power of 6.4 megawatts and can be delivered with a top speed of either 160 or 200 km/h. They can be used for cross-border freight transport as well as fast passenger service in a number of European countries.

To date, Siemens Mobility has sold more than 1,800 Vectron locomotives to 66 customers in 16 countries, and the fleet has covered over 750 million kilometers in service. Locomotives based on the Vectron platform have been approved for operation in 20 European countries.

Air New Zealand toasts to New Zealand’s finest wines onboard

July 31, 2023 / WIL BALDWIN

The airline has invited 125 New Zealand wineries to bring their best drops for consideration onboard the airline’s Business Premier cabins and in its Tier One Lounges. Next month, some of New Zealand’s most respected and discerning wine connoisseurs will come together to choose their much-awaited list of the country’s finest wines for 2024.

Air New Zealand Chief Customer and Sales Officer Leanne Geraghty says more than 500 wines will go through a rigorous blind taste testing where wine experts will uncork bottles and sip, swirl and savour wines from across New Zealand vineyards.

The selection of wines, carefully curated by a Master of Wine and a Wine Consultant is a celebration of New Zealand’s diverse and exceptional winemaking and Air New Zealand’s commitment to serving and sharing the best of New Zealand wine onboard.

Across all its flights and lounges, Air New Zealand serves up roughly 62,000 litres of Sauvignon Blanc, 53,000 Litres of Chardonnay and 59,000 litres of Pinot Noir of wine each year – all of which is New Zealand grown and made.

“Here’s to the best of New Zealand, celebrated with every sip, on board Air New Zealand!”

Saab offers four Expeditionary Submarines to the Netherlands

July 28, 2023 / WIL BALDWIN

July 28, 2023 – Supported by Sweden and the United Kingdom, Saab (OTC: SAABF) has today submitted its proposal for the replacement of Netherland’s current submarines. The proposal comprises four advanced Expeditionary Submarines with the latest innovations and technologies and includes a cooperation with Dutch shipbuilder Damen Shipyards Group.

Saab’s offered solution is based on a successful, proven and future-proof design. It will incorporate the latest capabilities and technologies, whilst its truly modular design will allow for new technologies as they evolve to ensure relevance for many years to come.

Saab and Dutch shipbuilder Damen Shipyards Group have cooperated since 2015 and the offer to build submarines to replace the Dutch Walrus-class is a balanced cooperation between the Netherlands and Sweden.

The C718 is an advanced Expeditionary Submarine that offers an unsurpassed level of endurance and exceeds the Royal Netherlands Navy needs for long-distance operations, sufficient accommodation, crew comfort and increased weapon payload capability.

Sweden, through Saab’s business area Kockums, has a long tradition in producing world class submarines. Four nations are currently operating submarines and submarine technology designed by Saab’s business area Kockums; Sweden, Australia, Japan and Singapore.

Alstom and partners inaugurate first REM segment in Montreal Canada

July 28, 2023 / WIL BALDWIN

July 28, 2023 – The Groupe PMM consortium led by Alstom (OTC: ALSMY), Groupe des partenaires pour la mobilité des Montréalais, participated in the inauguration hosted by its customer, CDPQ Infra, of the first segment of Réseau express métropolitain (REM), a new automated urban rail system, which connects Brossard on Montreal’s South Shore with Montreal’s Central Station. Upon completion, REM will be one of the world’s largest automated transport networks – 67 kilometres long with 26 stations – connecting downtown Montreal to the South Shore, the North Shore, the West Island and Pierre Elliott Trudeau International Airport, it will provide rapid service with trains arriving every 3 minutes 45 seconds during peak hours and operate 20 hours a day.

Groupe PMM provided REM with a complete driverless, automated metro system, including rolling stock and signalling, and will operate and maintain the entire 67-kilometre system for 30 years. The first segment, between Brossard and Montreal’s Central Station, spans 17 kilometres and includes five (5) stations equipped with a system of platform screen doors installed by Alstom, a first in Quebec. Eighty (80) Metropolis metro cars will be operated on this segment, which will enter commercial service on July 31st.

The event was held in the presence of Justin Trudeau, Prime Minister of Canada, François Legault, Premier of Quebec, Valérie Plante, Mayor of Montreal, Charles Émond, President and CEO of the Caisse de dépôt et placement du Québec, Jean-Marc Arbaud, CEO of CDPQ Infra, Henri Poupart-Lafarge, Chairman and CEO of Alstom, Michael Keroullé, President of the Americas region for Alstom and Jean-Michel Morvan, Director of the Groupe PMM consortium.

Under the terms of the contract, Groupe PMM will supply 212 Alstom Metropolis metro cars (106 two-car trainsets), Alstom’s Urbalis GoA4 (Grade of Automation 4) driverless and automated communications-based train control (CBTC) solution, and Alstom’s Iconis control centre solution, as well as platform screen doors, Wi-Fi connectivity, cybersecurity, depot equipment and 30 years of operations and maintenance services, including HealthHub^TM for predictive maintenance and fleet management. Groupe PMM is also responsible for train and system integration tests.

NASA and Boeing unveiled the new X-66A livery at EAA AirVenture Oshkosh. (Image: Boeing)

U.S. Airlines to Support NASA-Boeing Sustainable Flight Demonstrator Project

July 27, 2023 / WIL BALDWIN

OSHKOSH, Wis., July 25, 2023 /PRNewswire/ – Boeing [NYSE: BA] and NASA will collaborate with U.S. airlines to advise the Sustainable Flight Demonstrator (SFD) project and development of the X-66A research aircraft. As part of a new sustainability coalition, Alaska Airlines, American Airlines, Delta Air Lines, Southwest Airlines and United Airlines will provide input on operational efficiencies, maintenance, handling characteristics and airport compatibility.

NASA and Boeing also unveiled the new X-66A livery today at EAA AirVenture Oshkosh.

The X-66A will test the Transonic Truss-Braced Wing (TTBW) airframe configuration and will be built from a modified MD-90 aircraft at a Boeing facility in Palmdale, Calif. It is NASA’s first X-plane focused on helping achieve its goal of net-zero aviation greenhouse gas emissions.

When combined with expected advancements in propulsion systems, materials and systems architecture, a single-aisle airplane with a TTBW configuration could reduce fuel consumption and emissions up to 30% relative to today’s domestic fleet of airplanes.

The U.S. airlines will offer feedback throughout the project, including:

Design: Airline participants will share feedback on sustainable operations and airport compatibility. While the X-66A will have a wingspan of 145 feet, the TTBW design could be used by airplanes of different sizes and missions and may benefit from folding wing tips to accommodate existing airport infrastructure.
Simulation and lab testing: Airline pilots will have a chance to experience the X-66A through a flight simulator and assess the vehicle’s handling characteristics.
Flight testing: Airline operations and maintenance teams will assess the X-66A as modifications are made to the airplane. Flight testing is slated for 2028 and 2029 out of NASA’s Armstrong Flight Research Center at Edwards Air Force Base.

Alstom and RAILPOOL sign a contract for 50 Traxx Universal locomotives

July 24, 2023 / WIL BALDWIN

July 24, 2023 – Alstom (OTC: ALSMY), global leader in smart and sustainable mobility, and RAILPOOL, one of Europe’s leading rail vehicle leasing companies, have signed a contract for 50 Traxx Universal multi-purpose locomotives. The contract is valued at up to 260 million euro.

The Traxx Universal multi-purpose locomotives can be operated for freight and passenger corridor services. Characterised by both high reliability and flexibility in combination with an optimised power consumption, the locomotives are a proven solution for efficient cross-border operations. Extended maintenance intervals allow for less interventions to ease operational planning, reduce costs and increase availability. The locomotives will cover operations in eight countries, namely Germany, Austria, Switzerland, France, Italy, Belgium, Luxemburg and Poland.

The engineering of the locomotives will be done at the Alstom site in Mannheim, Germany, while final assembly is planned to take place in Kassel, Germany. Other sites involved are Wroclaw, Poland (carbody shell production), Siegen, Germany (bogies production), and Zurich, Switzerland (project management).

TUI River Cruises launches Nile River cruise with fourth ship the TUI Al Horeya

July 23, 2023 / WIL BALDWIN

TUI (London: TUI) River Cruises has announced a brand-new River Nile cruise set to commence in Winter 2024 with exclusive TUI charter flights to Luxor from London Gatwick and Manchester Airports. The exciting expansion means that the river cruise line will add a fully refurbished five-star ship, to be named TUI Al Horeya, which means ‘freedom’, to operate seven-night, all-inclusive round-trip sailings from Luxor. TUI Al Horeya can accommodate 145 passengers and offers 74 cabins including singles, standard cabins and suites.

Two flights per week will operate from London Gatwick and Manchester to Luxor; a city which encompasses a mesmerizing blend of history, architecture, and culture. The new routes is exclusive to TUI, which will be the only tour operator to offer direct, non-stop flights from the UK to Luxor which will operate weekly on a Thursday from 7^th November 2024 until 24^th April 2025.

Dedicated licenced Egyptologists will be on hand throughout the trip to enhance the customer experience to be on hand to answer any questions. The modern and contemporary ship will boasts a top deck swimming pool, two whirlpools, an entertainment area, restaurant, Al Fresco dining, lounge bar, wellness studio and a boutique shop.

Like the rest of the fleet, TUI Al Horeya will include a day and night entertainment programme, as well as offering customers a wide range of excursions which have been curated by industry experts, guaranteed to transport visitors back in time to the era of pharaohs and dynasties.

Industrial actions affecting WINAIR partner Air Antilles

July 22, 2023 / WIL BALDWIN

Our partner and operating carrier Air Antilles is currently experiencing industrial actions. This situation, beyond our control, has affected WINAIR’s ability to operate several codeshare fligths in the region.

The flights between St. Maarten, Dominica and San Juan have been negatively affected. WINAIR is doing its utmost to reaccommodate affected customers on alternate airlines and we have adjusted our operating schedule to utilize our own fleet to offer service to ensure minimal disruption to our customers’ travel plans. Passengers affected by the schedule changes will be contacted via email, advising with the latest information and provide them with updated flight details.

WINAIR understands the inconvenience these disruptions may cause our customers. Please rest assured that we are diligently working to assist our customers and coordinate with Air Antilles to provide information regarding this difficult situation.

Volvo Cars Q2 results shows transformation proceeding full speed ahead

July 20, 2023 / WIL BALDWIN

Volvo Cars (OTC: VLVLY) today reports a 39 per cent increase in operating profits, excluding joint ventures and associates, to SEK 6.4 bn and a corresponding EBIT margin of 6.3 per cent for the second quarter of 2023. The result came despite a SEK 0.9 bn, non-recurring item related to the redundancy programme announced in May, part of securing a more efficient and sustainable cost base for the future. Without this item, the underlying EBIT margin, excluding joint ventures and associates, was 7.2 per cent in the second quarter. This illustrates that the solid underlying performance momentum from the first three months of the year continued during this past quarter.

Click the link below to read the entire press release!

https://www.media.volvocars.com/global/en-gb/media/pressreleases/316863/volvo-cars-q2-results-full-speed-ahead-in-transformation-with-a-solid-business-performance

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