Category: Joint Venture News (Page 6 of 34)

Boeing X-37B Orbital Test Vehicle embarks on seventh mission

December 29, 2023 / WIL BALDWIN

Kennedy Space Center, Florida, December 29, 2023, PRNewswire – The Boeing (NYSE: BA) X-37B autonomous spaceplane launched yesterday aboard a SpaceX Falcon Heavy rocket, marking the beginning of its seventh mission.

As it has with every mission, the Orbital Test Vehicle will validate new technologies, fostering innovation and pushing the boundaries of space exploration and utility. On this seventh flight, the X-37B will test future space domain awareness technology experiments that are integral in ensuring safe, stable and secure operations in space for all users of the domain.

Since its inaugural launch in April 2010, the X-37B has consistently set new endurance records, surpassing the initial design mission duration of 270 days. Its sixth mission set a new record with an impressive 908-day journey before returning to Earth in November 2022.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Ocean Network Express (ONE) announce new Japan Taiwan Cat Lai service

December 29, 2023 / WIL BALDWIN

Ocean Network Express (ONE) is pleased to announce a newly launch service – Japan Taiwan Cat Lai (JTC) into ONE’s service network.

JTC will provide our customers with new direct connections as well as quicker transit-time with only 4 days from Tokyo to Taipei/Taichung.

The first sailing will commence with the MV INTERASIA PURSUIT V. S060 arriving at Tokyo on the 22nd January 2024 with the following details.

Port Rotation : Tokyo – Yokohama – Taipei – Taichung – Ho Chi Minh
Frequency : Weekly service

For more information, please refer to the attached advisory

SBB reports temporary failure will cancel Brig–Domodossola connections

December 29, 2023 / WIL BALDWIN

Due to a lack of approval from the responsible Italian authorities, certain SBB trains will no longer be able to operate on the Brig-Domodossola (I) route from January 1, 2024 until further notice. The corresponding trains are therefore canceled in both directions between Brig and Domodossola (I). This means that 38 of a total of 316 connections between Brig and Domodossola will be canceled every week. The EC trains to/from Milan and Venice as well as the BLS trains are not affected. These have appropriate approval in Italy.

Written confirmation required due to adapted fire protection regulations

The trigger is a corresponding fire protection regulation from the Italian Ministry of Transport, which will apply to passage through longer tunnels from the beginning of 2024. Due to border traffic agreements between Switzerland and Italy, the affected trains (Domino and EW IV) were previously exempt from this directive. Due to the pending adaptation of the border traffic agreement to the 4th railway package, a written confirmation from the Italian Ministry of Transport and the Italian Transport Authority is required for the approval of these two vehicle types for the journey between Brig and Domodossola. As soon as written confirmation is received, SBB will resume operations. SBB hopes that this will be the case as soon as possible. She asks travelers for their understanding and recommends checking the timetable in the SBB mobile app before starting each journey. If you have any questions, the SBB Contact Center can help you on 0848 44 66 88 (CHF 0.08/minute).

Air Canada and Professional Women’s Hockey League seal historic partnership

December 28, 2023 / WIL BALDWIN

Montreal, Quebec, Canada, December 28, 2023 – Air Canada (Toronto: AC) today announced a historic partnership with the new Professional Women’s Hockey League (PWHL) ahead of its inaugural season opener on January 1, 2024. The deal sees Air Canada become an Inaugural Premier Partner of the PWHL and Official Airline for the league’s first six teams, reflecting its deep passion for hockey and sharing the best of Canada with the world.

The airline is also celebrating this historic partnership with a new inspirational ad campaign, entitled “We All Fly,” featuring a cadre of young PWHL hopefuls alongside Canadian hockey legend Mélodie Daoust, which will premiere ahead of each PWHL home opener.

As part of the PWHL partnership, Air Canada is granted intellectual property (IP) rights for all six PWHL teams in Boston, Minnesota, Montreal, New York, Ottawa, and Toronto, the PWHL itself, broadcast, in-venue, and in-market assets, as well as official jersey branding rights for Montreal’s PWHL team. Air Canada will also provide travel support for the league and its players, and will celebrate and promote the PWHL and its future stars across its marketing and communications channels.

The PWHL deal also builds on Air Canada’s prior partnerships in professional women’s hockey, and in women’s sports including with the Women’s National Basketball Association (WNBA), as well as the planned Project 8 professional women’s soccer league in Canada. In addition, and furthering its commitment to supporting the next generation of women’s hockey, Air Canada will host a local girls’ junior hockey team at each historical PWHL home opener in Canada, including Jan. 1 in Toronto, Jan. 2 in Ottawa, and Jan. 13 in Montreal.

Visit aircanada.com and thepwhl.com for more information!

Forward-Looking Statements

BVG places order for 50 Solaris Urbino 18 electric buses

December 28, 2023 / WIL BALDWIN

Berliner Verkehrsbetriebe (BVG), the Berlin public transport company, has placed an order for 50 state of the art Solaris Urbino 18 electric buses. The buses will be delivered in the years 2024 and 2025. The order can also be extended by up to an additional 650 articulated e-buses. Berlin’s public transport is already served by 140 battery-powered Solaris Urbino buses in the two most popular lengths of 12 and 18 meters.

The Urbino 18 electric buses will be equipped with a 240 kW asynchronous motor, powered by energy from the new generation Solaris High Energy batteries. These batteries are characterized by high energy density, resulting in a high operational range while maintaining low weight. Their recharging will be possible both via a classic plug-in socket and a pantograph. The buses will also be equipped with eSConnect, the manufacturer’s proprietary system, allowing to increase operational efficiency and streamline vehicle servicing.

The prestigious contract with BVG is a good opportunity to summarize the previous orders for Solaris battery buses, which have been carried out by the manufacturer for a decade. Nearly 2,300 Urbino electric buses are already operating on the streets of European cities. Orders for more than 700 further e-buses are in process with a deliveries scheduled for the years 2024-2025.

Azul announces $200M credit facility to finance engine maintenance

December 28, 2023 / WIL BALDWIN

Sao Paulo, Brazil, December 26, 2023 – Azul S.A. (NYSE: AZUL), the largest airline in Brazil by number of flights and cities served, announces that its subsidiaries Azul Linhas Aereas Brasileiras S.A. (“ALAB”) and Azul Investments LLP have received approval to access a new US$ 200 million secured credit facility. The facility will be used to finance engine maintenance of ALAB’s Embraer and Airbus fleet, performed by GE Celma Ltda. (a subsidiary of GE Aerospace). The Brazilian Guarantees Agency – ABGF (Agencia Brasileira Gestora de Fundos Garantidores e Garantias) was the rapporteur. The Export Financing and Guarantee Committee – COFIG (Comite de Financiamento e Garantia das Exportacoes) approved the transaction under the conditions presented by ABGF.

About Azul

Azul S.A. offers 1,000 daily flights to over 160 destinations. With an operating fleet of over 180 aircraft and more than 16,000 Crewmembers, the Company has a network of 300 non-stop routes as of September 2023. Azul was named by Cirium (leading aviation data analysis company) as the most on-time airline in the world in 2022, being the first
Brazilian airline to obtain this honor. In 2020, Azul was awarded best airline in the world by TripAdvisor, first time a Brazilian Flag Carrier earns number one ranking in the Traveler’s Choice Awards. For more information, please visit www.voeazul.com.br/ir

Forward-Looking Statements

Maersk signs MoU with City of Yokohama and Mitsubishi Gas Chemical

December 28, 2023 / WIL BALDWIN

Yokohama, Japan, December 27 – AP Moeller – Maersk A/S B (London: 0O77) announced today that the company has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC). This collaborative agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024. It also highlights the parties’ shared commitment to sustainable initiatives and the transition towards a greener future.

Maersk has an ambitious target of achieving net-zero emissions by 2040 throughout its entire business. For shipping, it will equip its 25 container vessels with dual-fuel engines capable of sailing on green methanol. The successful implementation of this initiative heavily relies on the establishment of port bunkering infrastructure for methanol worldwide.

The City of Yokohama oversees the Port of Yokohama, which includes the Minami-Honmoku container terminal operated by APM Terminals Japan. The port stands as Japan’s deepest water berth, boasting a total length of 1,600 meters and a draft of 18 meters. It features advanced STS cranes, capable of reaching out up to 24 rows. Since the opening of Yokohama Port in 1859, it has served as a pivotal gateway to Japan and Asia. As part of its commitment to achieving carbon neutrality by 2050, Yokohama is at the forefront of developing Japan’s green shipping corridors.

The collaboration will focus on examining operational feasibility and developing port facilities required for green methanol bunkering at the Port of Yokohama. Through joint efforts, the partners seek to drive innovation, foster safety, and accelerate the adoption of sustainable methanol solutions in the maritime industry in Japan.

Forward-Looking Statements

South African Airways expands partnership with SunExpress

December 26, 2023 / WIL BALDWIN

Johannesburg, South Africa – South African Airways (SAA) has signed a memorandum of understanding (MoU) with SunExpress (a joint venture of Lufthansa and Turkish Airlines), to support the national carrier’s operations with four aircrafts in the 2024/2025 financial year.

The MoU is an add-on to the current six-month damp lease agreement, which was started in October this year and include the lease of two Boeing 737-800’s as well as maintenance and cockpit crew. The MoU was signed by SunExpress CEO Max Kownatzki and SAA CEO Prof. John Lamola at a joint press event in Johannesburg, on Thursday, 14^th December 2023.

In addition to plans to increase the number of damp lease aircraft, SAA and SunExpress are currently exploring options for a multi-year reciprocal capacity support and further cooperation with regards to maintenance, training and commercial support.

Boom Supersonic selects Honeywell Anthem integrated flight

December 25, 2023 / WIL BALDWIN

Boom Supersonic, the company building the world’s fastest airliner, has selected the Honeywell International (Nasdaq: HON) Anthem integrated flight deck for its Overture aircraft. As part of the agreement between the two companies, Honeywell’s next-generation flight deck and its modular avionics platform will be incorporated into Overture.

The Honeywell Anthem flight deck will be tailored for Overture’s specific mission requirements, helping to enable exceptional situational awareness and enhanced safety. The advanced avionics interface provides continuity to Overture pilots from initial simulator-based flight training through to actual flights. Honeywell successfully completed the first flight of its Anthem integrated flight deck using its Pilatus PC-12 test aircraft in May 2023, paving the way for Federal Aviation Administration certification.

As a pioneer in integrated modular avionics, Honeywell has successfully matured multiple generations of flight deck technology. Honeywell’s unmatched expertise in the development and certification of large and complex avionics systems provides a foundation for the development and certification of a new generation of integrated avionics onboard Overture.

Forward-Looking Statements

Ethiopian Airlines and Citigroup Sign $450M Loan Agreement

December 25, 2023 / WIL BALDWIN

Ethiopian Airlines, Africa’s largest carrier, today announce a landmark USD $450 million loan agreement that will finance five new Boeing (NYSE: BA) aircraft: three Boeing 737-8 and two Boeing 777F Cargo.

The loan will be secured against the value of the five planes and has been arranged exclusively by Citigroup (NYSE: C) Corporate Banking and Export Agency and Finance teams. It is guaranteed by the Export-Import Bank of the United States (EXIM).

The five new aircraft will bolster Ethiopian Airline’s fleet to 150 in total and delivery of all the aircraft will be completed in the U.S. state of Washington in December. The new arrivals will help Ethiopian serve all its destinations by accelerating its expansion throughout the world and will further bolster Ethiopian Cargo & Logistics Services’ position as Africa’s largest cargo network operator. Ethiopian Airlines has ambitions to grow its fleet to over 270 aircraft by 2035.

Forward-Looking Statements

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