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Category: Joint Venture News (Page 26 of 34)

Delta and LATAM Receive Final Approval in Brazil for Joint Venture Agreement

Delta Air Lines (NYSE: DAL) and LATAM (Santiago: LTM.SN) have received final approval, without conditions, of their commercial agreement (“trans-American Joint Venture agreement” or “JVA”) by the Brazilian competition authority – the Administrative Council for Economic Defense – after initial approval was granted in September 2020. The JVA seeks to enhance the route networks served by both airlines, delivering a seamless travel experience between North and South America. The Delta-LATAM agreement has also been approved in Uruguay while the application process continues in other countries, including Chile.

“This final approval in Brazil furthers our mission to provide customers in this important market with the world-class travel experience and options they deserve,” said Delta CEO Ed Bastian. “Moving forward, we will continue working with LATAM to unlock more benefits for our customers and create the premier airline alliance of the Americas.”

LATAM Airlines Group CEO Roberto Alvo added, “This ruling  reinforces the benefits of this type of agreement for travelers and enables us to advance in our commitment to delivering greater and better connectivity between South America and the world.” 

The ratification by the Brazilian authority supports the work of both airlines to deliver a broader and more competitive network of benefits for their customers that will include, among others:

  • Code-share agreements between Delta and certain subsidiaries of the LATAM group, which allow the purchase of tickets to a larger network of destinations.
  • Members of the Delta SkyMiles and LATAM Pass programs can redeem points / miles on both airlines, accessing more than 435 destinations around the world.
  • Shared terminals and faster connections at Terminal 4 of New York’s John F. Kennedy International Airport (JFK) and at Terminal 3 of São Paulo’s Guarulhos Airport.
  • Reciprocal lounge access: Customers can access 35 Delta Sky Club lounges in the United States and five LATAM VIP lounges in South America.

DHL Express and SmartLynx Malta Partner to break new ground in cargo transportation

Bonn, Birkirkara – DHL Express, the world’s leading express service provider, and SmartLynx Malta announce the signing of a new partnership agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL’s European air fleet.  The new technically advanced narrow-body fleet type is adding capacity to meet the increasing demand for express cargo transportation worldwide combined with further improving DHL’s unit Co2 emissions by introducing the most fuel efficient narrow-body aircraft in its class.

SmartLynx is a family member of Avia Solutions Group, the largest aerospace business group from Central & Eastern Europe, and has extensive experience operating the A321 family of aircraft. This agreement sets a new hallmark as SmartLynx’s Malta subsidiary enters into the freighter market.

The partnership comes as both a confirmation and a recognition of SmartLynx Malta’s standing in the aviation industry, and its place in supporting the growing demand for air cargo capacity.  Increasing demand for e-commerce shipments and also highly important protective and medical goods, require additional air cargo capacity. The fuel-efficient Airbus A321-200 achieves superior unit reductions in CO2 emissions compared to similar class freighter models.  By investing in these aircraft, SmartLynx Malta illustrates its commitment towards embracing a future focused on cleaner, more sustainable air freight carriage.

Smartlynx Malta is planning to add two additional A321Fs during 2021 and up to four units during 2022, with a business target of becoming one of the largest narrow-body cargo freight carriers within the next three years.

Qantas and Jetstar Plan to Resume International Flights in Late October

Qantas (ASX: QAN.AX) and Jetstar are planning to restart regular international passenger flights to most destinations starting 31 October 2021 – a four month extension from the previous estimate of July, which had been in place since mid-2020.

The date change aligns with the expected timeframe for Australia’s COVID-19 vaccine rollout to be effectively complete.

Capacity will be lower than pre-COVID levels, with frequencies and aircraft type deployed on each route in line with the projected recovery of international flying. International capacity is not expected to fully recover until 2024.

The Group remains in close consultation with the Federal Government around the reopening of international borders and will keep customers updated if further adjustments are required.

Qantas is assessing the use of digital health pass apps to help support the resumption of COVID-safe international travel. The CommonPass and IATA Travel Pass smartphone apps are being trialled on the airline’s international repatriation flights.

Qantas network

Qantas is planning to resume flights to 22 of its 25 pre-COVID international destinations including Los Angeles, London, Singapore and Johannesburg from 31 October 2021.

Qantas won’t initially resume direct flights to New York, Santiago and Osaka, but remains committed to flying to these three destinations. In the meantime, customers will be able to fly to these destinations under codeshare or oneworld arrangements with partner airlines.

Jetstar network

Jetstar plans to resume flights to all of its 13 international destinations. Frequencies will be adjusted in line with the projected recovery of international flying.

Trans-Tasman

Qantas and Jetstar are planning for a significant increase in flights to and from New Zealand from 1 July 2021.

The Group has the ability to respond to travel bubbles that may open.

Additional flexibility and extension of credit vouchers     

Qantas has today announced additional flexibility for international bookings to enable customers to book flights with confidence.

Qantas’ updated Fly Flexible policy (previously only available for domestic and Trans Tasman flights) now applies to international flights booked from today until at least the end of April 2021. The flight date can be changed to any available for sale at the time (up to 355 days in advance). Qantas will waive the change fee however a fare difference may apply.

Qantas has also extended credit vouchers to enable travel until 31 December 2023 on domestic or international flights, with Jetstar doing the same for vouchers issued due to COVID-19 disruptions.

Customers with international bookings impacted by cancellations will be contacted directly and offered alternatives.

Boeing Begins T-7A Red Hawk Advanced Trainer Production

ST. LOUIS, Feb. 23, 2021 — A new era in aircraft design and build has begun as the first U.S. portion of the T-7A Red Hawk advanced trainer has officially entered the Boeing [NYSE: BA] jet’s state-of-the-art production line.

The training jet, designated the eT-7A Red Hawk by the U.S. Air Force because of its digital heritage, was fully designed using 3D model-based definition and data management systems developed at Boeing during the last two decades. The T-7A Red Hawk employed the digital engineering and design of the Boeing T-X aircraft that went from firm concept to first flight in just 36 months.

The Advanced Pilot Training System also incorporates leading-edge ground-based live and virtual simulators to give students and instructors a “real as it gets” experience.

In September 2018, the U.S. Air Force awarded Boeing a $9.2 billion contract to supply 351 advanced trainer aircraft and 46 associated ground-based training simulators. Saab is teamed with Boeing on the trainer and provides the aft fuselage of the jet.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Aeromexico Announces New Agreements with Medical Laboratories

Mexico City, February 19, 2021- Aeromexico has signed agreements with four medical laboratories, in addition to the two it already formalized to offer discounts and other benefits on Covid-19 tests for customers with a valid reservation with the airline or partner Delta Air Lines (NYSE: DAL).

Operating in Monterrey and metropolitan area:

  • Laboratorios Dr. Moreira with 28 Covid-19 branches.
  • Swisslab Laboratorio de Analisis Clínicos with 19 Covid-19 branches. Operating in Mexico City and metropolitan area:
  • Olive Diagnosticos Medicos with 22 Covid-19 branches.
  • Biomedica with 13 Covid-19 locations.

In addition to special discounts for PCR and Rapid tests for Antigen Detection, customers will have access to other benefits: an exclusive helpline for Aeromexico and Delta Air Lines clients, bilingual advisors, delivery of results in Spanish or English, and at-home service. Club Premier members will also have an exclusive phone line and at-home service at no additional cost.

The results will be delivered 24 hours for PCR tests and 30 minutes for Rapid tests for Antigen Detection.

Laboratorio Medico del Chopo and LAPI Laboratorio Medico continue to offer their services with specific benefits for Aeromexico and Delta passengers.

Aeromexico recommends customers with an international flight to check the destinations’ requirements at the following link: Country Requirements

To consult the details of laboratories’ agreements, click on Laboratory Alliances

American Airlines and JetBlue Begin Joint Schedules and Codeshare Flights From New York and Boston

New service from New York (JFK) to Latin America and the Caribbean begins in May

New domestic service from JFK and Boston (BOS) begins in June

  • American introduces international flights from New York (JFK) to three cities in Colombia and to Santiago, Chile (SCL); new weekend service to St. Lucia (UVF) and Turks and Caicos (PLS) will operate this summer.
  • American and JetBlue collectively introduce 33 new domestic and international routes for customers in New York and Boston beginning in June.
  • Almost 50 codeshare markets are available for purchase on aa.com for travel beginning Feb. 25.

FORT WORTH, Texas — American Airlines Group Inc. (NASDAQ: AAL) and JetBlue (NASDAQ: JBLU) are delivering on their promise to introduce better travel choices on routes to and from New York (JFK, LGA and EWR) and Boston (BOS), as they launch nearly 80 codeshare flights and enhanced schedules on key routes. American is also introducing 18 new routes beginning this summer, including six new routes from JFK to Latin America and the Caribbean. Codeshare flights are available for purchase today for travel starting Feb. 25, and American’s new summer flights from New York and Boston will be available for purchase Feb. 22.

“This is the first step to delivering the best customer proposition with the biggest network in New York and Boston,” said Vasu Raja, American’s Chief Revenue Officer. “In the months ahead, we’ll continue to create a seamless experience that’s easy for our customers, supports our communities and leads to more growth for our team.”

American and JetBlue announced their Northeast Alliance in July, followed by the airlines’ intent to introduce key elements of the alliance after review by the Department of Transportation in January. 

“Our alliance with American opens the door for JetBlue to successfully enter into new markets, introducing more choices and our award-winning service and low fares to more customers,” said Scott Laurence, head of revenue and planning, JetBlue. “The alliance is also essential to getting our planes back in the air profitably and crewmembers working again.”

New routes

The Northeast Alliance opens up new growth opportunities for both carriers by finding ways to better utilize existing gates and slots in congested Northeast airports while offering customers a seamless travel experience. 

International Growth

On May 6, American will launch three new daily routes from JFK to Colombia – Cali (CLO), Bogota (BOG) and Medellin (MDE) – and will begin flying three times per week to Santiago, Chile (SCL) from JFK on a Boeing 777-200, until flights begin operating daily in November. Sun-seeking customers can also look forward to new Saturday service from JFK to the soothing waves in St. Lucia (UVF) and the beautiful beaches in Turks and Caicos (PLS) beginning on June 5, complementing JetBlue’s existing service..

Domestic Growth

This summer, American will also launch 12 new domestic routes, from New York (JFK and LGA) and Boston (BOS), including the following:

OriginDestinationSeason
BOSAsheville, North Carolina (AVL)June 5 – Nov. 6
BOSColumbus, Ohio (CMH)Aug. 17, year-round
BOSJackson Hole, Wyoming (JAC)June 5 – Sept. 4
BOSTraverse City, Michigan (TVC)June 5 – Sept. 6
BOSWilmington, North Carolina (ILM)June 5 – Aug. 14
JFKOrange County, California (SNA)June 2, year-round
LGAKansas City, Missouri (MCI)Sept. 8, year-round
LGAKey West, Florida (EYW)June 5 – Sept. 4
LGAMyrtle Beach, South Carolina (MYR)June 3 – Sept. 7
LGAPensacola, Florida (PNS)June 3 – Sept. 7
LGARapid City, South Dakota (RAP)June 5 – Sept. 4
LGASavannah, Georgia (SAV)June 3 – Sept. 7

Also launching this summer is previously announced service from LGA to Glacier National Park in Kalispell, Montana, (FCA) and to TVC. As part of the codeshare with JetBlue, all new routes will be operated by American, but available for booking on aa.com or JetBlue.com.

Enhanced schedules in key markets

Customers will soon benefit from aligned schedules in key markets supported by the reciprocal codeshare. Beginning in April, American and JetBlue will offer more flights than any other carrier when they coordinate convenient schedules on the popular New York (JFK and EWR) to Los Angeles (LAX) route. Customers will have the most choices — 14 daily flights — between the two carriers and will have access to the state-of-the art Airbus A321T aircraft or JetBlue’s A321 aircraft featuring Mint. American and JetBlue will also provide enhanced schedules between the following markets:

OriginDestination
BOSFort Lauderdale (FLL)
BOSMIA
BOSWashington, D.C. (DCA)
BOSWest Palm Beach (PBI)
LGABOS
LGADCA
New York (JFK and EWR)Fort Lauderdale (FLL)
New York (JFK and EWR)LAX
New York (JFK and EWR)MIA
New York (JFK and EWR)San Francisco (SFO)
New York (JFK and EWR)West Palm Beach (PBI)

Codeshare flights begin next week

Codeshare on domestic flights are available for purchase today for flights beginning Feb. 25. American’s customers will have access to 49 codeshare routes on JetBlue, while JetBlue customers will have access to more than 25 routes on American. The airlines expect to begin codesharing sales on the new international routes soon.* As with all American-marketed codeshare flights, AAdvantage members will be able to earn miles.

Dubai Route 2020 Metro Commences Commercial Revenue Service

  • A full turnkey integrated system 
  • 15km-long 
  • Existing Metro lines upgrade
  • 50 MetropolisTM trainsets 
  • Total project value is €2.6billion

16 February 2021 – Alstom congratulates Dubai’s Roads and Transport Authority (RTA) on the opening of the Dubai Route 2020 Metro and the start of the revenue service, delivering a major turnkey driverless metro project, including a fully interoperable extension and the enhancement of the existing transport system’s performance.

The new line project, commenced in July 2016 and carried out by the Alstom-led ExpoLink Consortium, also composed of ACCIONA and Gülermak, consists of a 15km-long line, of which 11.8km is above ground and 3.2km underground, and an interchange on the Red Line. The extension of the metro has seven stations including Jabal Ali Station and the flagship metro station at the World Expo exhibition site. The project is worth a total of €2.6billion. 

As part of the Consortium, Alstom was responsible for the integration of the entire metro system including 50 MetropolisTM trainsets produced in Alstom’s site in Katowice (Poland), power supply, communication, signalling, automatic ticket control, track works, platform screen doors and a three-year warranty on the whole system, as well as the enhancement of the existing metro line by upgrading power supply, signalling systems, communication and track works. The trainsets are 85.5 meters long and composed of five cars per trainset and can carry up to 696 passengers each[1].

The train offers a new level of passenger experience, thanks to wide gangways, large doors and windows, and the three specific areas for Silver, Women and Children and Gold Classes. Eco-friendly, the train is equipped with a full electrical braking system, LED lighting and other innovations to reduce energy consumption, including Alstom’s Harmonic Energy Saver Optimizer (HESOP™) which recovers the electrical energy generated by the trains during braking.

Alstom is a dedicated and long-standing partner of Dubai’s transportation and mobility development. Alstom delivered the Dubai tramway, the first fully integrated tramway system in the Middle East and the world’s first 100% catenary-free line, which was opened in November 2014. Alstom is also in charge of the maintenance of the Dubai Tram for a period of 13 years.           

[1] 4 passengers per sqm²

International Space Station Tests Virus Fighting Surface Coating Developed by Boeing & University of Queensland

BRISBANE, Australia, Feb. 15, 2021 /PRNewswire/ — Astronauts aboard the International Space Station (ISS) are conducting experiments with an antimicrobial surface coating designed to fight the spread of bacteria and viruses, including the Earth-bound SARS-CoV-2 virus responsible for the current COVID-19 pandemic. Developed by Boeing [NYSE: BA] and The University of Queensland (UQ), the joint research project was tested aboard Boeing’s ecoDemonstrator last year as part of the company’s Confident Travel Initiative.

The ISS experiment tests two identical sets of objects, including an airplane seat buckle, fabric from airplane seats and seat belts, and parts of an armrest and a tray table. One set received the antimicrobial surface coating, the other did not. ISS crew members are touching both sets of objects every few days to transfer microbes naturally occurring on human skin; no microbe samples were sent to the station for this experiment. Later this year, the test objects will be returned to Earth for analysis at Boeing’s labs to measure the effectiveness of the surface coating in a space environment.

An antimicrobial surface coating in a spacecraft could help ensure the health of the crew and protect the spacecraft’s systems from bacteria – and ultimately may help prevent interplanetary contamination from Earth-borne or another planet’s microbes.

Boeing was selected by NASA as the prime contractor for the ISS in 1993. Since then, Boeing has provided round-the-clock engineering support – maintaining the station at peak performance levels through dynamic missions and ensuring that the full value of the unique research laboratory is available to NASA, its international partners and private companies for years to come.

Since 2003, Boeing and The University of Queensland have collaborated on a broad portfolio of joint research and development projects. In 2017, the Brisbane-based Boeing Research & Technology engineers relocated to the university in a first-of-its-kind partnership for the company’s Asia-Pacific region.

The Australian Institute for Bioengineering and Nanotechnology (AIBN) at UQ has been a driver for multidisciplinary research to tackle global problems. The AIBN houses over 400 researchers across a wide range of scientific disciplines.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

U.S. Marine Corps Awards BAE Systems $184 Million for Additional ACV’s

BAE Systems (OTC: BAESY) has received a $184 million contract option from the U.S. Marine Corps for more Amphibious Combat Vehicles (ACV) under full-rate production. The order demonstrates the Marine Corps’ confidence in a program that is on track to deliver this critical capability to the Marines. This contract award will cover production, fielding, and support costs for the ACV personnel carrier (ACV-P) variant. BAE Systems was awarded the first full-rate production contract option in December for the first 36 vehicles. This option on that contract increases the total number of vehicles under full-rate production to 72, for a total value of $366 million.

The ACV is a highly mobile, survivable, and adaptable platform for conducting rapid ship-to-shore operations and brings enhanced combat power to the battlefield. BAE Systems is under contract to deliver two variants to the Marine Corps under the ACV Family of Vehicles program: the ACV-P and the ACV command variant (ACV-C). A 30mm cannon (ACV-30) is currently under contract for design and development and a recovery variant (ACV-R) is also planned.

The Marine Corps selected BAE Systems along with teammate Iveco Defence Vehicles for the ACV program in 2018 to replace its legacy fleet of Assault Amphibious Vehicles (AAV), also built by BAE Systems. BAE Systems was also recently awarded an indefinite delivery indefinite quantity (IDIQ) contract worth up to $77 million for the ACV program that includes the provision of spare and replacement parts, testing equipment, and other services.

ACV production and support is taking place at BAE Systems locations in Stafford, Virginia; San Jose, California; Sterling Heights, Michigan; Aiken, South Carolina; and York, Pennsylvania.

Lufthansa Innovation Hub Spins-Off Startup RYDES

The Lufthansa Innovation Hub, the central digitalization unit of the Lufthansa Group, spins-off the startup RYDES.  Forward31, the company builder of Porsche Digital, is contributing with its expertise and resources to the venture. Both Porsche and the Lufthansa Group are now strategic minority shareholders in the startup.

“The spin-off and subsequent funding from RYDES has been a great success. Once again, we are proving that startups from corporate digital units can adapt to market conditions. With Forward31, Porsche’s company builder, we have gained an important strategic partner that shares and further enhances our vision of a seamless mobility chain,” says Gleb Tritus, Managing Director Lufthansa Innovation Hub.

“The Lufthansa Innovation Hub is an authority on the development of new business models. Together with such a strong partner and the founding team, we look forward to continuing the successful development of RYDES in the future,” says Christian Knörle, Head of Company Building at Porsche Digital.

The aim of RYDES is to redefine and simplify access to modern mobility. For this purpose, the startup bundles existing mobility offers in one app and makes them accessible via the “Mobility Budget”. The new product allows companies to provide their employees with a monthly budget that they can use for various mobility services. These include car and bike sharing services, e-scooters, shared taxis, and public transport services. The different mobility providers are integrated into the RYDES app and users can use the app to book their trips and manage their budget. All journeys booked through RYDES are offset via the “Compensaid” platform and therefore CO2 neutral.

One-stop shop for mobility as B2B offer

RYDES focuses on companies that want to offer mobility to their employees as an additional benefit. In this way, RYDES is also meeting the demand for mobility services that is emerging in the context of “new work” and the trend towards flexible and decentralized employment. RYDES’ first customer is the flex-office provider WeWork. Companies and freelancers who have a membership with WeWork can use the RYDES offer. WeWork will make the offer available as soon as possible under the relevant Corona guidelines.

The “Mobility Budget” will initially be available in German-speaking countries. In order to drive further growth as well as the startup’s internationalization, Martin Miodownik is expanding the founding team. Martin Miodownik’s who was employee number one at GetYourGuide later assumed the role of VP Global Sales. In this position, he was responsible for the global expansion of the Berlin-based unicorn.

RYDES was founded in 2018 as part of the Lufthansa Innovation Hub. The company’s initial business idea focused on developing a loyalty program that rewards people for using different mobility services. With the ‘Mobility Budget’, RYDES now goes one step further and combines the booking of services in one app, making travel much more convenient.

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