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Category: Joint Venture News (Page 20 of 34)

A.P. Moller, Maersk Orders Two Boeing 777 Freighters

COPENHAGEN, Denmark, Nov. 2, 2021 /PRNewswire/ — Boeing [NYSE: BA] and A.P. Moller – Maersk (Maersk) today announced the global provider of end-to-end container logistics has placed an order for two 777 Freighters. The freighters will be operated by Star Air, Maersk’s in-house aircraft operator and is the company’s first 777 order. Star Air currently operates an all-Boeing 767 Freighter fleet.

The 777 Freighter is the world’s largest, longest range and most capable twin-engine freighter. The airplane offers 17 percent better fuel efficiency and reduced CO2 emissions compared to legacy airplanes. With a range of 9,200 kilometers, the 777 Freighter can carry a maximum revenue payload of 102,000 kilograms, allowing Star Air to make fewer stops and reduce landing fees on long-haul routes.

The 777 Freighter is Boeing’s top-selling freighter of all time. Customers from around the world have ordered more than 300 777 Freighters since the program began in 2005. As the air cargo market continues to strengthen throughout the world, freight carriers turn to Boeing for its complete family of new and converted freighters. Boeing airplanes provide more than 90% of the worldwide dedicated freighter capacity.

Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 80,000 people.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.

Air Malta and ITA Airways Sign Comprehensive Codeshare Partnership

ITA Airways and Air Malta, have signed a broad codeshare agreement connecting the networks of the two airlines. This new commercial partnership, which applies to flights departing from Sunday 31st October, is bound to boost business travel and tourism between Italy and Malta and will offer customers more options and better flight schedules when travelling through the two airlines’ hubs in Rome and Luqa, Malta.

Following this agreement, ITA Airways’ and Air Malta’s customers can now fly seamlessly to their desired destination with a single ‘unique’ ticket, checking-in at the airport of departure, and collecting their checked-through baggage at the end of their trip in the arrival airport.

ITA Airways will apply its ‘AZ’ code on all services operated by Air Malta between Italy and Malta. Similarly, Air Malta will codeshare AZ flights between Malta and Rome, connecting Italian domestic services beyond Rome Fiumicino Airport and Milan Linate and selected connecting international services.

The new codeshare flights are now available for sale through the airlines’ respective websites (itaspa.com and airmalta.com), reservation systems and in travel agencies.

For more details or reservations visit itaspa.com and airmalta.com or contact your local travel agent.

Canadian Pacific and Kansas City Southern File Merger Application With STB

CALGARY, Alberta & KANSAS CITY, Mo.–(BUSINESS WIRE)– Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) have announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico and Canada.

The comprehensive control application provides an overview of the proposed operational integration of the CP and KCS rail networks, the impact of that consolidation on the companies’ finances and labour needs, and the anticipated competitive and other benefits that will flow from providing shippers with new and better transportation alternatives. Information in the filing outlines the public and customer benefits a CP-KCS combination would bring, including more efficient north-south trade arteries to support the interconnected supply chains of the United States, Mexico and Canada.

In addition to the central foundation of the transaction to invigorate transportation competition and support economic growth across North America, the CP-KCS combination will generate many other public benefits, including:

  • The creation of more than 1,000 direct new jobs system-wide, including approximately 760 in the United States, over the next three years brought about by expanded rail operations across the combined network.
  • Capital investments in new infrastructure of more than USD$275 million1 over the next three years to improve rail safety and capacity of the core north-south CPKC main line between Louisiana and the Upper Midwest.
  • Avoidance of more than 1.5 million tons of greenhouse gas (GHG) emissions within five years due to the improved efficiency of CPKC versus current operations.
  • Diverting 64,000 long-haul truck shipments to rail annually with new CPKC intermodal services, eliminating another 1.3 million tons of GHG emissions over the next two decades, saving $750 million in highway maintenance costs.

Rail customers will not experience a reduction in independent railroad choices as a result of the CP-KCS combination. The joint control application reiterates the applicants’ commitment to keep all existing freight rail gateways open on commercially reasonable terms, including the Laredo gateway between the United States and Mexico, and shows how customers will not lose competitive routings because no new regulatory “bottlenecks” are being created. It also describes how the combined company will compete aggressively to attract traffic to its network via new single-line lanes between Canada, the Upper Midwest and the Gulf Coast, Texas, and Mexico.

More than 960 stakeholders, including more than 440 shippers, 186 smaller railroads, dozens of public officials, eight major ports, railroad labor unions representing both CP and KCS employees and 289 rail industry suppliers have written letters to the STB supporting CP’s proposed combination with KCS.

CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34 percent premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’ unaffected closing price on March 19, 2021.2

The transaction is subject to approval by shareholders of each company along with satisfaction of customary closing conditions, including Mexican regulatory approvals. Shareholders are expected to vote on the transaction later this year.

CP’s ultimate acquisition of control of KCS’ U.S. railways is subject to the approval of the STB. In April 2021, the STB determined it would review the CP-KCS combination under the merger rules in existence prior to 2001 and the waiver granted to KCS in 2001 to exempt it from the 2001 merger rules. In August 2021, the STB reaffirmed that the pre-2001 rules would govern its review of the CP-KCS transaction. On Sept. 30, 2021, the STB confirmed that it has approved the use of a voting trust for the CP-KCS combination.

The STB review of CP’s proposed control of KCS is expected to be completed in the second half of 2022. Upon obtaining control approval, the two companies will be integrated fully over the ensuing three years, unlocking the benefits of the combination.

While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company would have a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people, and generating total revenues of approximately $8.7 billion based on 2020 actual revenues.

For more information about the benefits of the CP-KCS combination, visit futureforfreight.com

British Airways Selects Collins Aerospace to Upgrade 777 Fleet with Enhanced Club World Experience

WINSTON-SALEM, NC – British Airways (LSE: IAG) has selected Collins Aerospace to upgrade its fleet of Boeing 777 aircraft to the Club World experience for business class passengers.

The agreement includes installation of the popular Club Suite business class seat, the Club Kitchen and a new cabin configuration. Collins will also perform full-cabin integration work – including engineering design, test and approval – along with program management and third-party supplier approvals. Some of the modified aircraft are already flying with the upgrades expected to be complete by the end of 2022. The retrofitted Boeing 777 aircraft will be operating from London Heathrow.

 The Club Suite is a customized version of Collins Aerospace’s industry-leading Super Diamond business class seat, providing British Airways international passengers with privacy doors, a spacious seat that converts to a fully flat bed and an upgraded inflight entertainment system. Similar to the upgraded cabin on British Airways’ new Airbus A350 fleet, the suites are laid out in a 1-2-1 pattern, allowing all-aisle access for every passenger. This proven design can be tailored to fit different airframes, helping maintain a consistent passenger experience.

The Club Kitchen is an area consisting of galley inserts, chillers and built-in storage for snacks, drinks and other refreshments, allowing passengers the ability to collect self-service snacks and refreshments at their leisure.

Through its Integration and Engineering group, Collins Aerospace has an Organization Designation Authority from the FAA to oversee the certification and Supplemental Type Certificate for the upgrade. Manufacturing of the new suite seats is being completed at the company’s facility in Kilkeel, Northern Ireland, while the new Club Kitchen was designed at the company’s facility in Everett, Washington.

Eve’s Urban Air Mobility Simulation in Rio de Janeiro Starts in November

Story from embraer.com

São José dos Campos – Brazil, October 26, 2021 – Embraer’s (NYSE: ERJ) Eve Air Mobility will begin an Urban Air Mobility (UAM) simulation on November 8th, connecting Barra da Tijuca to the Tom Jobim International Airport – RIOgaleão. The initiative, which will use a helicopter, will be carried out in cooperation with strategic partners and government entities.

The evaluation of the entire UAM ecosystem and the main concepts related to future operations will last a month, with six daily flights at a more affordable cost than a conventional helicopter service. The simulation applies prices close to those expected in the future for an electric vertical take-off and landing aircraft (eVTOL), also known in the market as an Electric Vertical Aircraft (EVA).

Tickets went on sale today on Flapper, an independent platform for on-demand flights. The service is available on www.flyflapper.com.br or in the Flapper app. The aircraft will be operated on the route by Helisul Aviação, one of the largest helicopter operators in Latin America. Universal Aviation, a global airport services company, will run ground operations. The concessionaire, RIOgaleão, and the Mario Henrique Simonsen Business Center (CEMHS) complete the partnership as the points of origin and destination, related to the experience.

The UAM industry intends to democratize access to the new air transport system using disruptive innovations and more affordable prices. Eve’s aircraft, scheduled to reach the market in 2026, will be all-electric and designed with a focus on users, to provide efficient and comfortable transport with low noise levels and zero carbon emissions.

The simulation is part of a concept of operation (CONOPS), started in August 2021 in Rio de Janeiro, aiming to integrate Urban Air Mobility into Brazilian airspace. More than 50 specialists from 12 institutions are collaborating on the innovative initiative, mapping the operation and service processes to identify the needs of users, the community, and other stakeholders.

The simulation, which will be monitored by the National Civil Aviation Agency (ANAC) and the Department of Airspace Control (DECEA), has the support of Skyports, focused on the design, construction, and operation of vertiports; EDP, one of the largest companies in the energy sector; Beacon, the platform from EmbraerX, designed to connect industry resources, the aftermarket supply chain and aviation professionals in a more agile way; and Atech, the company responsible for the development, implementation, and support of the Embraer Group’s air traffic flow control and management systems (civil and military).

Mesa Air Group First Scheduled Airline to Launch U.S. Drone Delivery Business

RENO, Nev., Oct. 21, 2021 /PRNewswire/ — Mesa Air Group, Inc. (NASDAQ: MESA), has signed an agreement with aerospace technology company Flirtey to order 4 delivery drones, with an option to order an additional 500 aircraft. The agreement marks Mesa becoming the first scheduled airline to launch drone delivery in the U.S.

Mesa and Flirtey are initially focusing on the last-mile food delivery industry, enabling Mesa to expand beyond the global airlines market and into the global food service market. The immediate goal of the partnership is to conduct commercial drone deliveries in the last-mile food and beverage market in the U.S. The parties plan to expand the drone delivery service in the U.S. and New Zealand.

With this agreement, Flirtey, the aircraft designer and manufacturer, is supplying it’s best-in-class technology including the Flirtey Eagle, an electric powered, advanced drone that conducts precision delivery to homes and businesses, and Flirtey’s autonomous software platform that conducts autonomous flight operations, for Mesa to operate commercial drone delivery.

The partnership will prioritize operational excellence and data collection, enabling rapid expansion with Mesa’s operational experience as a leading regional air carrier with approximately 450 daily departures across the U.S. and Flirtey’s technical experience having conducted over 6,000 drone delivery flights in the U.S. with its technology protected by over 1,000 patents claims issued and pending in the U.S. and worldwide. Flirtey recently expanded production of delivery drones to meet growing demand. Flirtey’s aircraft are made in USA.

Airbus Reveals the Next Generation of CityAirbus

Toulouse, France 21 September 2021 – Airbus (OTC: EADSY) has announced plans for a new CityAirbus at the Company’s first #AirbusSummit on “Pioneering Sustainable Aerospace” as the emerging Urban Air Mobility (UAM) market begins firming up. Ushering in the next generation of CityAirbus, the fully electric vehicle is equipped with fixed wings, a V-shaped tail, and eight electrically powered propellers as part of its uniquely designed distributed propulsion system. It is designed to carry up to four passengers in a zero emissions flight in multiple applications.  

CityAirbus is being developed to fly with a 80 km range and to reach a cruise speed of 120 km/h, making it perfectly suited for operations in major cities for a variety of missions.  

Sound levels are a key factor for an urban mission; Airbus’ extensive expertise in noise-friendly designs is driving CityAirbus’ sound levels below 65 dB(A) during fly-over and below 70 dB(A) during landing. It is optimized for hover and cruise efficiency, while not requiring moving surfaces or tilting parts during transition. The CityAirbus NextGen meets the highest certification standards (EASA SC-VTOL Enhanced Category). Designed with simplicity in mind, CityAirbus NextGen will offer best-in-class economic performance in operations and support.

Airbus is benefitting from years of dedicated research, innovation, two electric Vertical Takeoff and Landing (eVTOL) demonstrators, and development on sound technology across its portfolio of products, as well as decades of experience in certifying aircraft. The Vahana and CityAirbus demonstrators have jointly conducted 242 flight and ground tests and have flown around 1,000 km in total. Furthermore, Airbus has used extensive subscale flight testing and wind tunnel campaigns and has leveraged its computing and modelling power. CityAirbus NextGen is in a detailed design phase right now and the prototype’s first flight is planned for 2023.  

Beyond the vehicle, Airbus is working with partners, cities, and city inhabitants in order to create the ecosystem that is essential to enabling this new operating environment to emerge in a true service to society.

Embraer Eve and Helipass Partner to Expand UAM Operations in France and Beyond

Melbourne, Florida, September 20, 2021 – Embraer (NYSE: ERJ) Eve Urban Air Mobility Solutions and Helipass, SAS, today announced a new collaboration to accelerate and deploy electrical vertical takeoff and landing (eVTOL) aircraft, also known in the market as EVA (Electrical Vertical Aircraft), across France and Europe. The partnership aims to fly Eve’s electric aircraft for a total of 50,000 flight hours per year. This could lead to an optional increase of 100,000 annual flight hours across Helipass’ network.

Helipass plans to open digital bookings on its platform to offer an innovative and seamless user experience to customers throughout its network. To support the expansion of this partnership, Eve will work with Helipass to develop training, on-site support, and technical publications to facilitate the launch of EVA commercial operations.

Following the commercial introduction of the EVA, which is planned for 2026, both companies will endeavor to launch Eve’s EVA aircraft across Helipass’ markets. These flights will include sightseeing, city and airport transfers, as well as a growing on-demand service.

Both parties will look into growing the service beyond this agreement to include additional use cases, as well as the requisite services needed to support the scalability of Urban Air Mobility (UAM) products in Helipass’ core markets.

Rolls-Royce Agrees to Sell AirTanker Stake to Equitix Investment Management Limited

Rolls-Royce (OTC: RYCEY) announces the agreed sale of its 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited for cash proceeds of £189m, including the repayment of shareholder loans and accrued and deferred interest of approximately £47m, subject to any routine closing adjustments and before transaction costs. The transaction is expected to complete by the end of the first quarter of 2022, subject to regulatory approvals. There is no merger control condition. Proceeds will be used to reduce net debt. Remaining AirTanker shareholders have pre-emption rights over the Rolls-Royce shares and loan notes. 

AirTanker Holdings Limited, a joint venture with Airbus, Babcock, and Thales, owns 14 A330-200 Voyager aircraft which are powered by Trent 772B engines, a derivative of the Trent 700 engine. The Voyager aircraft support air-to-air refuelling, air transport and ancillary services for the UK Ministry of Defence. This fleet is operated by AirTanker Services Limited, in which we will continue to be a 23.5% shareholder. We will also continue to provide servicing and maintenance for the fleet of Rolls-Royce engines that power the Voyager aircraft to support the Royal Air Force.

Alstom to Provide Additional 64 Commuter Trains to Hamburg, Germany

Alstom and S-Bahn Hamburg GmbH have signed a contract for the delivery of an additional 64 Class 490 S-Bahn trains. The order is an option from a framework contract signed in 2013 and is valued at around 500 million euro. 

As with the previous trains, passengers will enjoy the proven amenities of these three-car electric multiple units, but with the addition of some new improvements to better meet the needs of Hamburg’s passengers. For example, the new S-Bahn train’s middle cars will feature a multipurpose area with room for bicycles, luggage, and dedicated spaces to accommodate passengers with limited mobility.

However, the train’s most significant innovation will be invisible to passengers. For the first time in Germany, S-Bahn trains will be equipped with the European Train Control System (ETCS) Baseline 3 Release 2 and automated train operation (ATO) technology. Together, these technologies will ensure denser and more frequent service and enable Hamburg to provide more fluid transport while increasing the overall number of train journeys. In addition, the flexibility of Hamburg’s new S-Bahn trains means that they will couple with the 82 Class 490 S-Bahn trains already in service.

Photo of main Hamberg train station from author’s visit in 2016.

This order marks Germany’s first implementation of ATO in automation level 2 (GoA 2) for new S-Bahn vehicles. In addition, S-Bahn Hamburg GmbH will receive vehicles that already comply with the latest state-of-the-art signalling technology. The trains will be delivered with Alstom’s intelligent onboard technology for ETCS, with integrated ATO software that meets the high demands of future digital rail operations in terms of performance, availability, and automation.

Initially, Alstom will manufacture three vehicles that will undergo extensive testing and inspection, in particular for approval of their ETCS and ATO functionalities. Vehicle deliveries to Hamburg are scheduled for 2025 and 2026. 

Among others, Alstom’s sites in Hennigsdorf, Bautzen (production), Berlin (signalling), Braunschweig, Siegen and Mannheim, Germany, will be involved in the production of the new S-Bahn trains. This is in addition to sites in Charleroi, Belgium (ETCS), Wroclaw, Poland, Västeras, Sweden and Vadodara, India, which will also participate in production.

In Germany, Alstom offers innovative solutions for sustainable mobility and is one of the leading suppliers of railway technology with metros, suburban trains, trams, regional trains, locomotives and signalling solutions. Our trains travel from Schleswig-Holstein to Bavaria. More than 70% of high-speed trains running in Germany are equipped with Alstom’s ETCS signalling solutions. In Lower Saxony, Alstom is building the world’s first fuel cell-powered, completely emission-free Cordia iLint regional train in series production. Alstom is Germany’s only manufacturer of infrastructure, signalling and digital mobility solutions to provide maintenance, service and modernisation of all mass transit trains for all manufacturers’ series, as well as information systems.

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