Category: Joint Venture News (Page 22 of 34)

Honeywell Fuel Tank Safety Technology Selected By Copa Airlines

August 10, 2021 / WIL BALDWIN

Honeywell (NASDAQ: HON) has been selected by Copa Airlines to provide its Air Separation Module (ASM) kit for Copa’s fleet of Boeing 737 aircraft. This new technology offering is a drop-in replacement for Copa’s existing ASMs, which are installed on larger aircraft to help reduce the risk of fuel tank fires. Copa is the first airline to operate Honeywell’s version of the safety system, which has one of the longest lifespans and warranties in the industry.

As an aircraft uses fuel and its fuel tanks empty, it is critical to decrease the risk of fire by reducing the amount of oxygen that fills that open space. The ASM separates oxygen from nitrogen in the surrounding air, which allows the Nitrogen Generation System to pump nitrogen into the emptying fuel tanks. Honeywell’s ASM can be installed roughly six to eight hours faster than the current product from the original equipment manufacturer. This shortened installation time contributes to lower maintenance costs. Additionally, Honeywell’s ASM has increased durability over other options currently installed in 737 aircraft and is designed to integrate with Honeywell’s Nitrogen Generation System, which has been line-fit on every 737 built after 2008.

The Honeywell ASM was designed with a high-durability membrane construction to meet the needs of the demanding 737 operating environment. It is supplied as a kit and contains a new Honeywell ASM, complete with all needed blankets and brackets, and ozone destruct filter and instructions for installation.

The ASM will provide lower installation costs for carriers, and with its increased durability, Honeywell is able to guarantee ASM life of seven years without replacement. Because Honeywell is the Nitrogen Generation System integrator, these kits can be combined into existing maintenance plans to further reduce overall customer operating costs.

For more information on Honeywell’s Air Separation Module Kit, visit aerospace.honeywell.com.

Mitsubishi and Namura Shipbuilding Conclude Technical Cooperation Agreement

August 6, 2021 / WIL BALDWIN

Tokyo, Japan, August 6th, 2021 – Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has concluded a technical cooperation agreement with Namura Shipbuilding Co., Ltd. relating to LPG (Liquefied Petroleum Gas) powered very large gas carriers (VLGC’s) and are capable of transporting both LPG and ammonia. Based on this agreement, Namura Shipbuilding will construct a LPG powered VLGC on order from MOL Group.

Mitsubishi Shipbuilding has developed an all-new type of VLGC applying its knowledge and expertise accumulated through the construction and delivery of more than 80 VLGC’s and midsized LPG/ammonia carriers. Operating performance has been improved by increasing the holding capacity of the cargo tank, while engineering enhancements have resulted in improved fuel efficiency. In addition, Mitsubishi Shipbuilding has applied its technologies in gas handling to develop a new system capable of using LPG in the cargo hold as fuel to propel the ship. This ability to secure LPG fuel from the cargo tank has a benefit that adds flexibility for the LPG terminal compatibility. Furthermore, the newly developed VLGC features largest-scale at present among all ships capable of carrying ammonia, a point of advantage amid anticipated expansion of demand for large-scale ammonia transportation, which emits zero CO₂during combustion.

MHI originally concluded a basic agreement with Namura Shipbuilding in 2017 to form a business alliance in commercial ships. Under the newly concluded technical cooperation agreement, Mitsubishi Shipbuilding will not only provide Namura Shipbuilding with technical designs but also procure some equipment and support construction. In this way, Mitsubishi Shipbuilding will provide comprehensive engineering services to support Namura Shipbuilding’s successful construction of the large LPG/ammonia carrier for MOL Group.

Going forward, Mitsubishi Shipbuilding will provide shipbuilding technologies in response to all customer needs as a marine engineering firm handling new ship constructions as well as ships already in service, making no distinctions between vessels constructed in-house and those made by other shipbuilders. In these ways the Company will make ongoing contributions to the development of maritime logistics and also help reduce environmental impact, a critical issue of global scale.

Airbus Delivers First A350 From China Widebody Completion and Delivery Center

July 23, 2021 / WIL BALDWIN

Airbus has delivered the first A350 from its widebody completion & delivery centre in Tianjin (C&DC), China, taking additional steps in the expansion of its global footprint and long-term strategic partnership with China.

The A350-900 aircraft was delivered to China Eastern Airlines, the largest Airbus operator in Asia and second largest in the world. At the end of June 2021, China Eastern Airlines operated an Airbus fleet of 413 aircraft, including 349 A320 Family aircraft, 55 A330 Family aircraft and nine A350 aircraft.

Located at the same site as the Airbus Tianjin A320 Family Final Assembly Line and the Airbus Tianjin Delivery Centre, the widebody C&DC covers the aircraft completion activities, including cabin installation, aircraft painting and production flight test, as well as customer flight acceptance and aircraft delivery.

The centre was inaugurated in September 2017 with its capability on A330s. Then, during the visit of French President Emmanuel Macron to China in 2019, a Memorandum of Understanding on the Further Development of Industrial Cooperation was signed in Beijing by He Lifeng, Chairman of the National Development and Reform Commission (NDRC) of China, and Guillaume Faury, Airbus Chief Executive Officer, announcing the C&DC would extend its capability to A350 aircraft.

The A350 features the latest aerodynamic design, a carbon-fibre fuselage and wings, plus new fuel-efficient Rolls-Royce engines. Together, these features translate into unrivalled levels of operational efficiency with a 25 per cent reduction in fuel burn and CO₂ emissions. The A350’s ‘Airspace by Airbus’ cabin is the quietest of any widebody aircraft and offers passengers and crews the most modern in-flight products for the most comfortable flying experience.

At the end of June 2021, the A350 Family had received 915 firm orders from 49 customers worldwide, making it one of the most successful widebody aircraft ever.

Hilton Expands All-Inclusive and Luxury Beachfront Resort Portfolio in Mexico

July 15, 2021 / WIL BALDWIN

McLean, Virginia – Leading global hospitality company, Hilton (NYSE: HLT), announced today the signing of three managed resorts in Mexico, furthering the company’s all-inclusive and luxury expansion plans: Hilton Vallarta Riviera All-Inclusive Resort, Hilton Tulum All-Inclusive Resort and the luxurious Conrad Tulum. The newest additions to the company’s portfolio showcase Hilton’s deep-rooted commitment to growing its unrivaled offerings in Mexico, where Hilton has more than 70 hotels open and more than 30 in the development pipeline.

“Mexico has always been an incredibly important destination for Hilton. These new additions are one more symbol that tourism in Mexico is rebounding and it is with great pride that we continue evolving our offerings in this burgeoning market, especially in the luxury and all-inclusive segments,” said Danny Hughes, Executive Vice President and President, Americas, Hilton. “We are extremely proud of our new products, ongoing partnership with Parks Holdings and the resilient Team Members who are working to bring the warmth of hospitality to the new resorts entering our portfolio.”

A development by Parks Hospitality and owned by Fibra UNO, Hilton Vallarta Riviera All-Inclusive Resort is expected to convert in Q4 2021. Situated between the beaches of the Bay of Banderas and the majestic Sierra Madres Mountain, the 444-room AAA Four Diamond award-winning resort features a picturesque private beach, two glistening pools, full-service spa, fitness center, six craft cocktail bars, and seven specialty restaurants offering a variety of cuisine including Asian, Italian and Mexican flavors, as well as seafood and tapas options. Catering to the evolving needs of today’s business traveler, the resort offers nearly 26,000 square feet divided with 13,000 square feet of outdoor event space and 13,000 square feet of flexible indoor meeting space.

Owned and developed by Parks Hospitality, Conrad Tulum and Hilton Tulum All-Inclusive Resort are anticipated to join the Hilton portfolio in Q4 2021 and Q1 2022 respectively. The distinctly unique hotels will each provide guests with a brand-exclusive experience featuring world-class dining and extensive recreation options, while offering visitors access to shared amenities including a meetings and events complex and a state-of-art spa.

“We are honored and excited to be extending our successful partnership with Hilton with these iconic resorts and bringing new unprecedented luxury options to Tulum. We believe Mexico’s unique combination of people, culture, gastronomy, and natural beauties, make it the best global destination for tourism and we look forward to our continued future growth with Hilton. I would like to thank all of Parks, FUNO and Hilton’s team for all their hard work in bringing these amazing projects to reality,” said Charles Elmann Fasja, CEO Parks Holdings.

Nestled among verdant tropical vegetation, overlooking the Caribbean Sea’s turquoise waters, and situated on an expansive stretch of beach, the new-build 349-room luxurious Conrad Tulum will be Conrad Hotels & Resorts’ first hotel in Quintana Roo on the eastern coast of the Yucatan Peninsula. Located near one of the best-preserved Mayan sites in Mexico, the property will provide a secluded haven for travelers featuring a bold design aesthetic inspired by Tulum’s lush landscape, picturesque beaches, and surrounding nature reserves. In addition to elegantly appointed rooms, the new hotel’s selection of accommodations will feature contemporary and sophisticated master suites, governor suites and presidential suites. Guests can choose from seven world-class restaurants and bars featuring an array of cuisine options from Mediterranean and Asian to a special Chef Table’s dining experience and relax and unwind in five pools. Like other properties in the Conrad Hotels & Resorts portfolio, Conrad Tulum will draw on the destination’s local influence and offer a distinct experience for travelers. Travelers will enjoy an enriching escape with effortless and passionately delivered service as they explore and immerse themselves in Tulum’s culture and community.

The 735-room oceanfront Hilton Tulum All-Inclusive Resort will introduce travelers to an upscale and elevated all-inclusive experience in this sought-after destination. Set to boast unrestricted views of the picturesque waters of the Caribbean Sea, the resort will offer seven dining experiences featuring international cuisine, an expansive multiple pool complex with a waterpark, and a secluded beach.

In addition to the variety of dining and recreation options at the luxurious Conrad Tulum or Hilton Tulum All-Inclusive Resort, all guests at either hotel will have access to a 21,500-plus square foot spa, with 16 treatment rooms and a pool, in a private and quiet area surrounded by tropical resort grounds. Guests visiting for meetings or events will have access to a 55,000 square foot convention center and an auditorium that seats up to 400 people.

BBAM Orders 12 Additional 737-800 Boeing Converted Freighters

July 12, 2021 / WIL BALDWIN

Boeing [NYSE: BA] and BBAM Limited Partnership (BBAM) today announced that the lessor is expanding its 737-800 Boeing Converted Freighter fleet with 12 additional firm orders. The agreement brings BBAM’s 737-800BCF orders and commitments to 31 as e-commerce and express cargo markets continue to drive strong customer demand for freighters.

BBAM will be the first customer to have a 737-800BCF converted at Cooperativa Autogestionaria de Servicios Aeroindustriales (COOPESA), a Costa Rica-based maintenance, repair and overhaul (MRO) provider. In May, Boeing announced it would open two conversion lines at COOPESA in 2022.

In a separate deal announced in January, BBAM placed six firm orders and six options for the 737-800BCF. The 737-800BCF has won more than 200 orders and commitments from 16 customers.

BBAM is the world’s largest dedicated manager of investments in leased commercial jet aircraft providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades, and the only significant manager in sector focused exclusively on generating investment returns on third party capital. With more than 500 aircraft under management, BBAM employs over 150 professionals at its headquarters in San Francisco and offices around the world, located in New York, London, Tokyo, Singapore, Zurich, Dublin and Santiago. BBAM is a full-service lessor and maintains its own in-house capabilities encompassing aircraft origination, disposition, lease marketing, technical maintenance, regulatory compliance, capital markets activity, tax structuring, legal, contracts and finance, for all asset types and strategies.

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

Mitsubishi Heavy Industries to Expand Metal 3D Printing Services

July 10, 2021 / WIL BALDWIN

Mitsubishi Heavy Industries Machine Tool Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Ritto, Shiga Prefecture, will offer expanded services in metal 3D　printing services commencing on July 15, including prototype production and contract production by metal 3D (three-dimensional) printers applying laser-based Metal Additive Manufacturing (AM) technologies. In addition to its previously offered Directed Energy Deposition (DED) type metal 3D printers for large-scale parts, the Company will newly add services using binder jetting (BJT) metal 3D printers for small-scale parts. The expanded service lineup will enable manufacture of a full range of metal parts, from small components of 1mm size to ultra-large-scale parts exceeding 1 meter.

The addition to MHI Machine Tool’s lineup is the DMP2500 metal 3D printer developed by Digital Metal, a group company of Hogänäs of Sweden. The DMP2500’s BJT technology not only enables extremely precise manufacturing but also is engineered especially for high-volume production. Currently, MHI Machine Tool has provided metal printing services applying unique DED technology of “LAMDA” AM systems; now, with the introduction of a different type of printer, the Company can respond to a broad range of metal 3D print needs and propose and provide the optimal manufacturing method and equipment for each parts.

MHI Machine Tool concluded a contract with Digital Metal in July 2020 on marketing its DMP2500 and other metal 3D printers in Japan. By adding these BJT type systems to its own sales lineup, MHI Machine Tool will be in a position to offer a broad portfolio of not only sales but also after-sales services.

While metal 3D printers are receiving attention for their innovative advances to production processes, they also present challenges relating to the difficulty of their production and quality assurance, etc. With the new expansion of services, MHI Machine Tool will focus on providing solutions relating to additive manufacturing, including provision of related expertise, to accelerate early adaptation to production parts.

Going forward, MHI Machine Tool will develop its metal printing services structure spanning from small-scale high-precision to ultra-large-scale items, enabling the Company to respond to a broad wide-range of prototype production needs and contract production. In these ways, MHI Machine Tool will encourage manufacturers to expand into manufacturing parts using metal 3D printers and contribute to the industrial supply chain as a whole.

CSX Files Expanded Application to Acquire Pan Am Railways

July 7, 2021 / WIL BALDWIN

CSX Corp. (NASDAQ: CSX) has announced that it submitted an amended and supplemented application to the Surface Transportation Board (STB) as part of the previously announced agreement to acquire New England’s Pan Am Railway’s Inc. (Pan Am). The amended application provides all of the additional details of the proposed transaction requested by the STB in their May 26, 2021 ruling.

The combination of CSX and Pan Am provides benefits to many stakeholders in New England, as evidenced by the over 80 letters of support that shippers, elected officials and business organizations have submitted to the STB. CSX has also worked to reach agreements with other rail operators and organizations in the region to ensure that the transaction results in enhanced competition and a strengthened rail network in the Northeast.

The proposed transaction would result in significant investments in the region’s rail infrastructure. Over the next five years, CSX would invest to upgrade and modernize the Pan Am system, which will make the New England rail network more efficient and safer for operations, communities and passenger rail.

New England will also benefit from CSX’s track record as leader in environmental performance. CSX will operate Pan Am with a smaller, more reliable and more fuel-efficient fleet, significantly reducing fuel consumption and improving rail’s environmental footprint in the region.

CSX’s operating model will benefit passenger and commuter carriers in New England as well as shippers as the company commits to maintaining or improving existing passenger service that operates on Pan Am. CSX has a long-standing history of working cooperatively with Amtrak and other passenger rail partners as evidenced by the significant improvement in contractual on-time performance with Amtrak since CSX has implemented its new operating model.

Headquartered in North Billerica, Massachusetts, Pan Am owns and operates a highly integrated, nearly 1,200-mile rail network and has a partial interest in the more than 600-mile Pan Am Southern system. Pan Am’s network across New England has access to multiple ports and large-scale commodity producers. The transaction will expand CSX’s reach in Connecticut, New York and Massachusetts while adding Vermont, New Hampshire and Maine to its existing 23-state network.

Terms of the transaction were not disclosed. The transaction is subject to regulatory review and approval by the Surface Transportation Board.

Airbus Built European Robotic Arm Ready for Space

July 5, 2021 / WIL BALDWIN

Airbus (OTC: EADSY) space engineers have installed ESA’s European Robotic Arm (ERA) onto the Russian Multipurpose Laboratory Module (MLM) and it is now ready for its flight to the International Space Station (ISS). Together with this module, known as ‘Nauka’, ERA and its two control stations will launch from the Baikonur Cosmodrome, in Kazakhstan, on a Proton rocket.

After a one-week journey the European Robotic Arm will arrive at the ISS, where it will service the Russian segment of the space station. With a total length of 11.3 metres, the symmetrical, two-handed intelligent robot arm can ‘walk’ around the exterior of the ISS, hand-over-hand from one fixed base-point to another. ERA’s seven robust and accurate joints, the lightweight limbs and the control computer in the middle of the arm give the robot arm its versatility.

Astronauts and cosmonauts can control the European Robotic Arm in real-time or pre-programme it from inside or outside of the ISS, to make it move payloads, inspect the space station with its infrared cameras and to support operations outside the ISS. From its tip, the robot provides electrical power, a data bus, a video line and a rotating drive machine. By connecting a tool to the tip, ERA can be equipped for one of the many tasks it can perform automatically or semi-automatically. ERA has a lightweight construction but thanks to the zero-gravity conditions in space, it can move very large masses: from 3,000 kg routinely up to 8,000 kg in slow modus. The robot arm operates with an accuracy of 5 millimetres.

ERA has been developed for European Space Agency (ESA) by a European consortium, led by Airbus Defence and Space in the Netherlands. Airbus designed the arm and its software functions, managed the development of subsystems throughout Europe and integrated and tested the system. In the last few months Airbus has integrated ERA on the MLM, together with ESA and Russian partners RSC/Energia.

Embraer Delivers First Phenom 300E as Part of Duet Collaboration with Porsche

July 2, 2021 / WIL BALDWIN

Embraer (NYSE: ERJ) delivered the first limited-edition Phenom 300E aircraft—part of the Duet collaboration with Porsche (OTC: POAHY) – to an undisclosed customer in Fort Lauderdale, Florida. The aircraft was delivered at Embraer’s state-of-the-art Global Customer Center in Melbourne, Florida.

Duet marks the first-ever true collaboration between leading aviation and automotive manufacturers, pairing the fastest and longest-ranged single-pilot certified jet with the gold standard in production sports cars, the Porsche 911 Turbo S. Embraer and Porsche, both known for world-class engineering, performance, and design, worked in tandem to create a seamless experience from ground to air using matching design elements that are only available in this pairing. Only ten of this limited-edition pairing will ever be produced.

As the world’s fastest and longest-ranged single-pilot business jet, the Phenom 300 series transformed the light jet category. With its unparalleled technology, comfort, and performance, the Phenom 300E sets the highest standard of excellence through best-in-class cabin altitude, high mission flexibility, low operating costs and the best residual value in the industry. The 911 is the heart of the Porsche product portfolio and has one of the longest and most celebrated traditions in the automotive industry. The 911 Turbo S represents the pinnacle of the 911 models and delivers exceptional performance combined with a high degree of everyday usability.

Duet brings the Phenom 300E and the 911 Turbo S into perfect harmony as design inspiration for the aircraft mirrors that of the car, and vice versa. Starting with seats, the sew style on the Phenom 300E seats were patterned after that of the 911 Turbo S. Both vehicles’ seats also feature red pull straps, a Speed Blue accent stitch, and carbon fiber shrouds. The flight deck seats were also redesigned to match the seats of the car. On the exterior, both aircraft and car share a matching paint pallet and scheme, complete with a custom two-tone paint finish and hand-painted pinstripes in Brilliant Chrome and Speed Blue, creating a fluid aesthetic throughout both performance machines.

The photo was taken from right window of commercial airplane, Tokyo Haneda (HND) to Osaka International Airport Itami (ITM) in the daytime. The center and bottom island is Enoshima Island in Fujisawa city. The bottom sea is Sagami Bay, Northern Pacific Ocean.

Germany Signs Up for Five Boeing P-8A Poseidon Aircraft

June 30, 2021 / WIL BALDWIN

BERLIN, Germany June 30, 2021 — The German Ministry of Defense today signed a letter of offer and acceptance for five Boeing (NYSE: BA) P-8A Poseidon aircraft under the U.S. government’s Foreign Military Sales (FMS) process. With this order, Germany becomes the eighth customer of the multimission maritime surveillance aircraft, joining the United States, Australia, India, the United Kingdom, Norway, Korea and New Zealand.

The P-8A Poseidon offers unique multimission capability and is the only aircraft in service and in production that meets the full range of maritime challenges faced by European nations. Deployed around the world with more than 130 aircraft in service, and over 300,000 collective flight hours, the P-8A is vital for global anti-submarine warfare, intelligence, surveillance and reconnaissance and search-and-rescue operations.

German companies that already supply parts for the P-8A include Aljo Aluminum-Bau Jonischeit GmbH and Nord-Micro GmbH. Recently, Boeing signed agreements with ESG Elektroniksystem-und Logistik-GmbH and Lufthansa Technik to collaborate in systems integration, training, support and sustainment work. By working with local suppliers, Boeing will provide support, training and maintenance solutions that will bring the highest operational availability to fulfill the German Navy’s missions.

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