Category: Joint Venture News (Page 8 of 34)

Boeing and Avolon sign new order for 40 737 MAX aircraft

December 12, 2023 / WIL BALDWIN

Seattle, Washington, December 12, 2023, PRNewswire – Boeing (NYSE: BA) and Avolon announced the Ireland-based lessor intends to purchase 40 more 737-8 airplanes to expand the lessor’s 737 MAX portfolio – consisting of 737-8 and 737-10 variants – to more than 110 jets. Avolon also ordered 40 737-8’s in June.

The new order is subject to shareholder approval by Bohai Leasing Co, Ltd (Shenzhen: 000415), Avolon’s main shareholder, and will be posted to Boeing’s Orders and Deliveries website when finalized.

The 737 MAX provides Avolon’s customers with greater flexibility across their network, while reducing fuel use and emissions by up to 20%. On average each airplane will save up to 8 million pounds of CO₂ annually compared to airplanes it replaces.

The 737-8, with seating for 162 to 210 passengers depending on configuration anda range of up to 3,500 nautical miles, is the market’s most versatile single-aisle airplane, capable of operating profitably on both short and medium haul routes.

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.

Avolon orders another 100 Airbus A321neo aircraft

December 12, 2023 / WIL BALDWIN

Toulouse, France, December 12, 2023 – Avolon, the international leasing company, has signed a firm order for another 100 Airbus Group SE (Paris: AIR) A321neo aircraft, taking its total order for the A321neo to 190 aircraft. The agreement secures Avolon’s delivery pipeline for the world’s preferred single aisle Family.

With this latest agreement, Avolon’s total firm order-tally directly from Airbus rises to 632 aircraft, and includes A320, A330 and A350 Families. In September, Avolon ordered 20 A330neo aircraft to take advantage of growing global widebody demand.

The A321neo is the largest member of the Airbus A320neo Family, offering unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50% noise reduction and more than 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft, while maximizing passenger comfort in the widest single-aisle cabin in the sky. To date more than 5,600 A321neo’s have been ordered by more than 100 customers across the globe.

Forward-Looking Statements

Belgium And Lockheed Martin Celebrate Rollout Of First F-35A

December 11, 2023 / WIL BALDWIN

Fort Worth, Texas, December 10, 2023, PRNewswire – Lockheed Martin (NYSE: LMT) presented Belgium’sfirst F-35A Lightning II to the Belgian government during a rollout ceremony at Lockheed Martin’s F-35 production facility. This event marks a significant milestone in the Belgian Air Force’s history and strengthens the alliance between the United States and Belgium, a key NATO ally.

Building on the strong legacy of the F-16, the F-35 will provide the next generation of air power to ensure the Belgian Air Force can fulfill its NATO missions and protect the alliance’s key interests. By serving as the most advanced 21st Century Security solution, the F-35 will connect assets across domains to increase situational awareness for Belgium and its key European partners.

Senior government and military leaders from Belgium and the United States attended the ceremony. Belgium’s program of record calls for 34 F-35As. The first aircraft, designated AY-01, will be delivered to the Belgian Air Force next year and will be based at Luke Air Force Base, Arizona, where international F-35 pilot and maintainer training takes place.

The F-35 also creates high-quality, long-term employment opportunities for Belgium. Through the Essential Security Interest (ESI) program, Lockheed Martin will bring cutting-edge manufacturing techniques and benefits, expanding Belgian industry’s skills and knowledge and providing high-tech jobs for Belgians for decades to come.

F-35s are now operating from 31 bases worldwide. To date, Lockheed Martin has delivered more than 980 F-35s, trained more than 2,250 pilots and 15,125 maintainers, and the F-35 fleet has surpassed 768,000 cumulative flight hours. Lockheed Martin continues to work side by side with F-35 operators to ensure allies remain ahead of the evolving threat.

Forward-Looking Statements

Saab announces Double Eagle sale to Kuwait Naval Force

December 11, 2023 / WIL BALDWIN

Saab AB ser. B (Stockholm: SAABb) announces that it has received a contract from the U.S. Navy for a Double Eagle Semi-Autonomous Remotely Operated Vehicle (SAROV) for the Kuwait Naval Force.

The Double Eagle family of undersea vehicles is a safe and operationally proven ROV system, used by navies around the world supporting mine countermeasure (MCM) missions. In the SAROV configuration the vehicle can be used both as an Autonomous Underwater Vehicle (AUV) for detection, classification and identification, and as an ROV for mine disposal. The U.S. Navy is procuring this system as a Foreign Military Sales (FMS) program for the State of Kuwait’s Naval Force.

Developed and produced at Saab in Linköping, Sweden, this sale represents a milestone in expanding the production of this Swedish technology to the U.S.

Saab, Inc.’s Autonomous and Undersea Systems Division will produce parts of this system in close collaboration with other production sites in Sweden, the United Kingdom and Denmark.

These highly manoeuvrable vehicles can be launched from any type of ship, from the shore, or from a craft of opportunity. All Double Eagle systems can be housed in a standard container, providing a deployable solution across a variety of platforms enabling rapid response to mine threats.

Forward-Looking Statements

RTX interceptor test successfully defeats ballistic missile target

December 11, 2023 / WIL BALDWIN

ARLINGTON, Va., Dec. 11, 2023 /PRNewswire/ — An Exoatmospheric Kill Vehicle, developed by Raytheon, an RTX (NYSE: RTX) business, successfully destroyed an Intermediate-Range Ballistic Missile during a recent test of the Ground-based Midcourse Defense System. The test was conducted today in the Pacific region by the U.S. Missile Defense Agency and the U.S. Northern Command.

This was the 13^th intercept for the program, which protects the U.S. by destroying incoming ballistic missiles while they are outside the Earth’s atmosphere.

With more than 30-years of experience in developing advanced interceptors and sensors, Raytheon is the leading provider of missile defense capabilities. This test further validates Raytheon’s expertise in supporting the Missile Defense Agency’s current fleet of ballistic missile defense sensors and interceptors. Raytheon is currently developing the next evolution of ballistic missile interceptors and kill vehicles that will provide warfighters with a more robust missile defense capability against current and future threats.

Raytheon’s EKV is developed in Tucson, Arizona and the AN/TPY-2 and X-Band Radar are developed in Andover, Massachusetts.

Forward-Looking Statements

ATP Flight School accelerates growth with purchase of 40 additional Cessna Skyhawk aircraft

December 8, 2023 / WIL BALDWIN

Wichita, Kansas, Business Wire – Textron Aviation (NYSE: TXT) today announced an agreement with ATP Flight School for the purchase of an additional 40 Cessna Skyhawk aircraft to be delivered beginning in 2026. This addition to ATP’s existing fleet of nearly 225 Skyhawks, deployed across more than 85 training centers nationwide, will provide students with access to a modern and advanced fleet in support of their pilot career aspirations.

This agreement marks the fourth fleet purchase, amounting to a total of 135 of Cessna Skyhawks, for ATP’s Airline Career Pilot Program in just over a year, as the flight school scales to train 20,000 airline pilots by 2030.

The Cessna Skyhawk is renowned as the go-to training aircraft in the industry. Its steady flight dynamics, cutting-edge avionics and reliable dispatch history have made it ATP’s trusted training platform for the past three decades.

Air New Zealand announces BETA’s ALIA launch aircraft for Next Gen Aircraft program

December 7, 2023 / WIL BALDWIN

Air New Zealand (NZX: AIR) has today announced the ALIA as the airline’s first purchase of a next generation aircraft in its Mission Next Gen Aircraft program.

Designed by electric aerospace company BETA Technologies, the battery-powered all-electric aircraft is expected to join Air New Zealand’s fleet in 2026. Air New Zealand is purchasing the conventional take-off and landing version of the ALIA.

The announcement follows an 18-month period of evaluation and diligence by Air New Zealand. Through the airline’s Mission Next Gen Aircraft program, it sought and received ideas and insights from 30 organisations, selecting four partners to work closely with on its goal of launching commercial flights using next generation aircraft in 2026. BETA’s ALIA is the first commercial order in the program.

Air New Zealand will initially operate the aircraft as a cargo only service in partnership with New Zealand Post, on a route being selected through an expressions of interest (EOI) process with airports across Aotearoa.

JetBlue Flights Take Off for Belize Today

December 6, 2023 / WIL BALDWIN

New York, N.Y., December 6. 2023, Business Wire – JetBlue (NASDAQ: JBLU) today announced it has officially launched service between New York John F. Kennedy International Airport (JFK) and Philip S. W. Goldson International Airport (BZE) in Belize City, Belize, with the first flight arriving in Belize this afternoon. JetBlue’s new Belize City service will operate Mondays, Wednesdays, and Saturdays, introducing the airline’s award-winning service and low fares to customers looking to fly directly from New York.

Belize is one of Central America’s most biodiverse countries. It is home to mystical Mayan caves, wondrous aquatic habitats, and lush national parks, touting tropical jungles, wildlife reserves, and cascading flora and fauna. Located along the Caribbean Sea, Belize offers over 185 miles of barrier reef – the largest in the northern hemisphere – family-friendly attractions, romantic escapes, and many other adventures.

With JetBlue’s entrance into Belize City, JetBlue becomes the only airline to offer nonstop service from New York’s JFK to Belize. Belize City will build on JetBlue’s success in the broader region, where it offers service to 26 countries within Latin America and the Caribbean. In recent years, the airline’s network strategy has focused on enhancing international markets, which has translated into current service to 40 international destinations. As a leader at New York’s JFK, JetBlue’s new route to Belize allows JetBlue to continue to grow in under-served geographies while bringing more choices and options to our customers.

Schedule between New York (JFK) and Belize City (BZE)
Operating Mondays, Wednesdays, and Saturdays

JetBlue will operate the Belize City route using its Airbus A320 aircraft, offering the airline’s award-winning service featuring the most legroom in coach^(a); fast, free and unlimited broadband Fly-Fi^(b); complimentary name-brand snacks and drinks; and seatback entertainment at every seat.

(a) – JetBlue offers the most legroom in coach based on average fleet-wide seat pitch for U.S. airlines.

(b) – Fly-Fi® and live television are available on all JetBlue-operated flights. Coverage area may vary by aircraft. Details on inflight wi-fi and entertainment: https://www.jetblue.com/flying-with-us

Forward-Looking Statements

Walmart+ takes flight with Delta Air Lines

December 6, 2023 / WIL BALDWIN

Making your holiday shopping list? No need to check it twice – customers traveling with Delta Air Lines Inc (NYSE: DAL) this holiday season never have to worry about forgetting to pack something again.

Beginning this month, Delta is teaming up with Walmart Inc (NYSE: WMT) and its Walmart+ service on Delta Sync Wi-Fi to offer customers the power and convenience of shopping from the air, with their preferences, all before they land. The convenience to buy while you fly while accessing fast, free Wi-Fi is another example of how Delta is giving SkyMiles Members even more ways to make the most of their time onboard and beyond.

This holiday travel season, SkyMiles Members have even more ways to enjoy their time on board and beyond. With Delta Sync Wi-Fi, customers can shop holiday sales with an exclusive Walmart+ promotion, play new games from New York Times Games, explore new destinations from Atlas Obscura and more.

Walmart+ is the premier retailer of Delta Sync Wi-Fi and the first brand to join the platform since launch in April. Walmart+ joins Paramount+, T-Mobile, New York Times Games, Resy, Atlas Obscura and more as mainstay brands helping to elevate the in-flight experience.

“By teaming up with Walmart+, we’re not only providing our SkyMiles Members with the convenience of shopping from the air, but also ensuring they have access to even more before they touch down,” said Ranjan Goswami, S.V.P. – Customer Experience Design. “The collaboration epitomizes Delta’s commitment to delivering an exceptional experience to our customers.”

Beginning this month, SkyMiles Members can log in to Delta Sync Wi-Fi to join Walmart+ for $98 and earn 2,500 bonus miles plus $10 off their first Walmart.com order. Once they join, customers can maximize their time on board by browsing everything Walmart’s comprehensive membership has to offer: early access to holiday deals, free shipping, free delivery from Walmart stores, an included Paramount+ subscription, savings on fuel and more.

Forward-Looking Statements

Nestle cuts ocean transport emissions with Maersk ECO Delivery solution

December 6, 2023 / WIL BALDWIN

Copenhagen, Denmark/Vevey, Switzerland, December 6, 2023 – Nestle SA (SIX Swiss: NESN), the world’s largest food and beverage company, is cutting its ocean logistics greenhouse gas (GHG) emissions by using the Maersk AS (OTC: AMKBY) ECO Delivery solution for 100% of its ocean containers shipped by Maersk in 2023, with an option to extend this agreement into 2024 and beyond. The seaborne emissions of these transports are being reduced by over 80% compared to the usage of conventional fossil fuels.

With ECO Delivery, Maersk customers can handle ocean transports completely with certified green fuels* like second generation biofuel based on waste feedstocks. These fuels are replacing conventional fossil fuels on container ships in Maersk’s fleet. The corresponding GHG emission savings are confirmed to the customers with a certificate.

Nestlé’s goal is a 50% reduction of its total emissions by 2030 and to be net zero by 2050. With scope 3 emissions being the major part of the overall emissions, ECO Delivery is an effective solution for abatement of scope 3 emissions caused by ocean transports. Nestlé’s water beverages and Nespresso have been two pioneering brands using ECO Delivery since 2021.

Today many more of Nestlé’s up to 2,000 brands are reaching the end consumers with a much smaller GHG footprint thanks to Maersk’s ECO Delivery. Furthermore, Nestlé is one of Maersk’s partners in piloting also low GHG emission landside transports, e.g. by rail or electric trucks.

Forward-Looking Statements

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