Tag: financial (Page 10 of 23)

Alaska Air Announces New Flights Between California and Montana

March 4, 2021 / WIL BALDWIN

SEATTLE, March 4, 2021 /PRNewswire/ — Following on the heels of Southwest Airlines (NYSE: LUV) recent announcement of Montana flights (http://planesintheair.com/southwest-airlines-service-to-destin-ft-walton-and-bozeman-to-begin-may-2021/), Alaska Airlines (NYSE: ALK) has today announced four new routes between California and Montana for the summer, increasing total jet service to seven nonstop routes between the two states.

The newest “Sun and Fun” additions will connect Los Angeles and San Diego with Kalispell, Montana, and connect San Diego and San Francisco with Bozeman, Montana. The Los Angeles and San Diego flights start May 20, and the San Francisco flight starts June 17. They’ll operate through Sept. 7.

This added summer flying builds on year-round service on three nonstop routes that connect San Diego with Missoula, Montana, and connect Los Angeles with Bozeman and Missoula.

Tickets for the new flights are available at alaskaair.com with one-way fares starting as low as $69 to and from Bozeman and as low as $89 to and from Kalispell.

Start Date	End Date	City Pair	Frequency	Aircraft
May 20, 2021	Sept. 7, 2021	Los Angeles – Kalispell	W, Sa	E175
May 20, 2021	Sept. 7, 2021	San Diego – Kalispell	M, F, Sa	E175
May 20, 2021	Sept. 7, 2021	San Diego – Bozeman	T, W, Th, Sa, Su	E175
June 17, 2021	Sept. 7, 2021	San Francisco – Bozeman	Sa	E175

The new routes will be served by the Embraer 175 jet, a jet aircraft with only window and aisle seating – no middle seats. On all the new routes, guests will enjoy award-winning service in a three-class cabin that includes First Class and Premium Class; Most Free Movies in the Sky with hundreds of movies and TV shows available for viewing on personal devices; free texting on most flights; and Wi-Fi connectivity for purchase.

Kalispell’s Glacier Park International Airport is in northwest Montana’s Flathead Valley, which encompasses the gateway to Glacier National Park, Whitefish Mountain Resort and Flathead Lake — the largest freshwater lake west of the Mississippi River.

Bozeman Yellowstone International Airport is the definition of “Big Sky Country” and about 90 miles north of Yellowstone National Park. Surrounded by mountains and rivers, Bozeman offers fishermen and hikers an abundance of options. Fly fish for trout on the Gallatin, Yellowstone, and Missouri Rivers. Follow Highway 191 for views of snow-capped mountains in Gallatin Canyon.

Global reach: With the oneworld alliance and Alaska’s Global Partners, Alaska’s guests can connect at gateway airports on the West Coast – such as Los Angeles and San Francisco – to fly to more than 900 destinations around the world. Flyers can also earn and redeem miles with the airline’s highly-acclaimed Mileage Plan program.

Alaska Airlines serves six cities in Montana: Billings, Bozeman, Great Falls, Helena, Kalispell and Missoula.

Alaska Airlines serves 15 cities in California: Burbank, Fresno, Los Angeles, Monterey, Oakland, Ontario, Orange County, Palm Springs, Sacramento, San Diego, San Francisco, San Jose, San Luis Obispo, Santa Barbara and Sonoma.

Lockheed Martin Guided Multiple Launch Rocket System Soars In Flight Test

March 4, 2021 / WIL BALDWIN

Dallas, Texas March 4, 2021 – Lockheed Martin (NYSE: LMT) successfully tested its next-generation Extended-Range Guided Multiple Launch Rocket System (ER GMLRS) munition in an 80-kilometer flight demonstration at White Sands Missile Range, New Mexico. During the flight test, the ER GMLRS round was fired from the U.S. Army’s High Mobility Artillery Rocket System (HIMARS®) launcher, built by Lockheed Martin, meeting test objectives. The demonstration confirmed the missile’s flight trajectory performance, range and validated interfaces with the HIMARS launcher and system software performance.

Lockheed Martin has produced more than 50,000 GMLRS rounds and is under contract to produce more than 9,000 new GMLRS unitary and alternative-warhead rockets, more than 1,800 low-cost reduced-range practice rockets and integrated logistics support for the U.S. Army and international customers. The systems are produced at its Precision Fires Center of Excellence in Camden, Arkansas.

For more than 40 years, Lockheed Martin has been the leading designer and manufacturer of long-range, surface-to-surface precision strike solutions, providing highly reliable, combat-proven systems like MLRS, HIMARS, ATACMS and GMLRS to domestic and international customers.

Airbus Wins First Syracuse IV Ground Segment Program Contract

March 4, 2021 / WIL BALDWIN

Paris, France 4 March 2020 – Within the Syracuse IV programme, Airbus (Paris: AIR.PA) has been awarded a 10-year framework agreement called Copernicus for the construction and upgrading of part of the ground segment for the telecommunications satellites used by the French Armed Forces. As part of Copernicus, the French Directorate General of Armaments (DGA) has placed an initial order worth more than € 100 million.

Dominique Maudet, Head of French Defence Sales at Airbus Defence and Space said: “We are building the future broadband and multi-satellite ground segment for France’s Armed Forces. It will be fully integrated, intelligent and dynamic, giving operators access to a decision-making tool unique to satellite communications management.”

This first order specifically covers the development of the future satellite communications management system for the French Ministry of Defence. This unique portal called Pegasus, accessible to all units, will enable the French Armed Forces to optimise use of the available capacities on military and commercial satellites. It will make it possible to coordinate requests entered by central military staff or any unit deployed on the ground, at sea or in the air. Allocation of satellite capacities will be optimised in terms of operational criteria completed by the units, such as the type of terminals used, ground cover, level of cyber security, jamming resistance, as well as the need for availability.

The Copernicus project also aims to increase the operability of Comcept, the multi-satellite communications network designed by Airbus and commissioned by the French armed forces in 2017. Comcept uses the broadband Ka-band transmission capacities of the Franco-Italian military satellite ATHENA-FINDUS, in addition to the Ku- and C-band capacities of commercial satellites. Thanks to these developments, Comcept will also be able to use the high-speed Ka-band of future satellites SYRACUSE 4A and 4B.

Different elements of the SYRACUSE IV programme’s future ground segment and the Pegasus portal will enable the French armed forces to use the entire spectrum of satellite capacities efficiently and dynamically, from the most secure and resilient to the high-speed and wide coverage capacities, in all areas of operations.

Icelandair Flies to Antarctica and Back

March 3, 2021 / WIL BALDWIN

Last week, an Icelandair (Iceland: ICEAIR.IC) Boeing 767 (TF-ISN), landed at Troll airfield (QAT) at the Troll research station operated by the Norwegian Polar Institute in Dronning Maud Land, Antarctica. The flight was operated by Loftleiðir (Icelandair’s charter-flight subsidiary) to offload provisions for the research station’s staff who will remain at Troll this winter, and to pick up scientists returning to Norway after their summer service. Some of the scientists had been at Troll for 16 months and were happy to be heading home.

The flight

The journey involved a lot of planning due to the unique conditions, and involved 6 pilots, 13 crew and 1 flight engineer.

From Keflavík airport in Iceland, the plane flew nonstop to Cape Town, South Africa, where it paused for a rest and refueling stop. Some of the team stayed in Cape Town and the remainder flew 4,332km south to Troll in 5 hours and 43 minutes.

After a 2-hour layover at Troll, the aircraft returned with the Norwegian passengers to Cape Town, picked up the fresh crew, and continued on to Oslo, then home to Iceland.

According to flight commander August Hakansson, landing conditions at Troll were far better than forecast. And the worst weather of the entire trip was upon the return to Keflavík!

The flight route was so unusual that it attracted worldwide attention from aviation fans and media, including over 30,000 followers on Flightradar. And although it might seem crazy, this isn’t Icelandair’s first time in the Deep South – back in 2015, Icelandair became the first commercial airline to land a plane on a blue-ice runway in Antarctica.

Click the link below to read the full story!

https://www.icelandair.com/blog/icelandair-flies-to-antarctica/

Embraer Announces 19 New Orders for Ipanema Agricultural Aircraft

March 3, 2021 / WIL BALDWIN

Botucatu – São Paulo, March 3, 2021 – Embraer (NYSE: ERJ) today announced that its agricultural aviation division has sold 19 EMB-203 Ipanema single-seat aircraft in February, totaling 27 aircraft sold this year. This sales volume in the first two months of 2021 is already 8% higher than what was negotiated throughout 2020.

The second consecutive month of high sales reflects the favorable performance of the Brazilian agribusiness and the technological innovations incorporated in the new version of the Ipanema aircraft. Agricultural crop dusting services has been leading the market demand this year.

Although the demand for Ipanema remains more intense in the Midwest, the main agricultural hub in Brazil, the pace of sales this year has also been increasing in other regions in the country.

With almost 1,500 units delivered, Ipanema is the leader in the agricultural segment with a 60% share of the national market. Its role in precision agriculture combines high technology and continuously evolves to meet the requirements of high productivity and low operating cost.

The Ipanema 203, the most updated model in the series, has incorporated multiple improvements such new wing parts with different geometry and more resistant stainless steel material. This solution postpones eventual wear and tear from the severe natural condition of field operations and maintenance expenses over the years. The advanced aerial sprayer also has a new design on the engine hood, with new air outlet grilles to ensure greater cooling.

Britta Seeger, Mitglied des Vorstandes der Daimler AG, verantwortlich für Mercedes-Benz Cars Vertrieb & Marketing // Britta Seeger, member of the Board of Management of Daimler AG responsible for Mercedes-Benz Cars Sales & Marketing

Lufthansa Supervisory Board Nominates Britta Seeger, Extends Detlef Kayser

March 3, 2021 / WIL BALDWIN

Stephan Sturm will resign from the Supervisory Board of Deutsche Lufthansa AG (XETRA: LHA.DE), which will go into effect after the Annual General Meeting on May 4, 2021. The Chairman of the Executive Board of Fresenius has been a member of the Lufthansa Supervisory Board since April 2015 and has chaired the Audit Committee since January 2018.

The Supervisory Board Nomination Committee has proposed that Britta Seeger fill the vacancy. The 51-year-old business economist has been a member of the Board of Management of Daimler AG (XETRA: DAI.DE) since 2017 and is responsible for Mercedes-Benz Cars Sales. The Bonn-born manager will be nominated for election at the Annual General Meeting on May 4.

The responsibility as Chairman of the Audit Committee, which is currently held by Stephan Sturm, will be transferred to Harald Krüger at the Annual General Meeting, according to the will of the Supervisory Board.

At a meeting today, the Supervisory Board also decided to extend Detlef Kayser’s (55) contract ahead of schedule for three more years until December 31, 2024.

Dr. Detlef Kayser has been a member of the Executive Board of Deutsche Lufthansa AG since January 1, 2019. As “Chief Operations Officer” he is responsible for the operational processes and fleet and infrastructure management of the Lufthansa Group along with the Group-wide “ReNew” restructuring program.

Rolls-Royce Signs MoU with Fermi Energia for Compact Nuclear Power Stations

March 2, 2021 / WIL BALDWIN

Rolls-Royce (London: RR.L) and Fermi Energia have signed a Memorandum of Understanding to study the potential for the deployment of affordable, compact nuclear power stations, known as small modular reactors (SMR), in Estonia. The study will cover all aspects of deployment including grid suitability, cooling, emergency planning, human resources, licensing feasibility, economics and supply chain.

Rolls-Royce is leading a consortium that is designing a low-cost factory built nuclear power station, known as a small modular reactor (SMR). Its standardised, factory-made components and advanced manufacturing processes push costs down, while the rapid assembly of the modules and components inside a weatherproof canopy on the power station site itself avoid costly schedule disruptions.

Fermi Energia is a company founded by nuclear scientists, energy experts and entrepreneurs to bring small modular reactors to Estonia to meet its climate goals, help the economy develop and gain energy security.

The consortium led by Rolls-Royce is working with its partners and UK Government to secure a commitment for a fleet of factory built nuclear power stations, each providing at least 440MW of electricity, to be operational within a decade, helping the governments around the world net zero obligations.

The consortium members feature the best of nuclear engineering, construction and infrastructure expertise in Assystem, Atkins, BAM Nuttall, Jacobs, Laing O’Rourke, National Nuclear Laboratory, Nuclear Advanced Manufacturing Research Centre, Rolls-Royce and TWI. The current phase of the programme has been jointly funded by all consortium members and UK Research and Innovation.

The power stations will be built by the UKSMR consortium, before being handed over to be operated by power generation companies.

Alaska Airlines Gives New California Mileage Plan Members a Deal to Remember

March 2, 2021 / WIL BALDWIN

SEATTLE, March 1, 2021 /PRNewswire/ — Starting today, California residents who enroll in the Alaska Airlines (NYSE: ALK) Mileage Plan™ now through March 3, 2021 can book that long-awaited trip to visit Napa Valley, the world-famous San Diego Zoo, or any other California destination with a flight on Alaska Airlines.*

The “California, on us” offer is open to the first 25,000 California residents who sign up for Alaska Airlines Mileage Plan™ between now and March 3, 2021. Eligible new members will receive a discount code valid for one flight to anywhere Alaska Airlines flies within California for just the taxes and fees from $15 each way.

“We’ve made our mark in California, and we love converting new fans into loyal ones,” said Natalie Bowman, Alaska Airlines’ managing director of marketing and advertising. “There’s so much West Coast territory for Californians to explore––especially within their own state––that we’re excited to offer a fun way to jumpstart earning Alaska miles doing just that.”

The first 25,000 eligible new Mileage Plan members who sign up between March 1 and March 3, 2021 will receive an email on March 5, 2021 with instructions on how to take advantage of this promotion which will need to be booked between March 5-7, 2021 for travel between March 29 and May 26, 2021. To register and find more information, visit alaskaair.com/california.

In addition, everyone is eligible for 30% off flights to or from California by booking today through March 3, 2021 for travel between March 22 and May 26, 2021. To purchase tickets and for more information, visit alaskaair.com/safetydance.

With a focus on helping guests travel safely when they feel comfortable, Alaska has implemented more than 100 safety measures as part of the airline’s commitment to Next-Level Care. The airline emphasizes a layered approach to safety, which starts with the requirement that all employees and guests wear a face mask or covering through the airport and on board, with no exceptions. To further demonstrate the airline’s safety protocols, the Alaska Safety Dance highlights many of the ways in which the airline is keeping guests and employees safe including enhanced cleaning between flights, HEPA air filtration, and touch-free technology. To travel, flyers must also enter into a health agreement at check-in to confirm that they are not experiencing COVID-19 symptoms and will adhere to the mask policy.

Boeing Loyal Wingman Uncrewed Aircraft Completes First Flight

March 2, 2021 / WIL BALDWIN

AUSTRALIA, March 1, 2021 – Boeing [NYSE: BA] Australia and the Royal Australian Air Force (RAAF) have successfully completed the first test flight of the Loyal Wingman uncrewed aircraft. The flight of the first military aircraft to be designed and manufactured in Australia in more than 50 years flew under the supervision of a Boeing test pilot monitoring the aircraft from a ground control station at the Woomera Range Complex.

“The Loyal Wingman’s first flight is a major step in this long-term, significant project for the Air Force and Boeing Australia, and we’re thrilled to be a part of the successful test,” said Air Vice-Marshal Cath Roberts, RAAF Head of Air Force Capability. “The Loyal Wingman project is a pathfinder for the integration of autonomous systems and artificial intelligence to create smart human-machine teams.

“Through this project we are learning how to integrate these new capabilities to complement and extend air combat and other missions,” she said.

Following a series of taxi tests validating ground handling, navigation and control, and pilot interface, the aircraft completed a successful takeoff under its own power before flying a pre-determined route at different speeds and altitudes to verify flight functionality and demonstrate the performance of the Airpower Teaming System design.

“Boeing and Australia are pioneering fully integrated combat operations by crewed and uncrewed aircraft,” said Boeing Defense, Space & Security President and CEO Leanne Caret. “We’re honored to be opening this part of aviation’s future with the Royal Australian Air Force, and we look forward to showing others how they also could benefit from our loyal wingman capabilities.”

With support from more than 35 Australian industry teams and leveraging Boeing’s innovative processes, including model-based engineering techniques, such as a digital twin to digitally flight-test missions, the team was able to manufacture the aircraft from design to flight in three years.

This first Loyal Wingman aircraft is serving as the foundation for the Boeing Airpower Teaming System being developed for various global defense customers. The aircraft will fly alongside other platforms, using artificial intelligence to team with existing crewed and uncrewed assets to complement mission capabilities.

Additional Loyal Wingman aircraft are currently under development, with plans for teaming flights scheduled for later this year.

Qantas Starts Flights to Griffith, Australia

March 1, 2021 / WIL BALDWIN

QantasLink is today adding Griffith to its map, operating direct flights from Sydney for the first time to meet increased demand for travel within Australia. The inaugural flight QF2121 arrived in Griffith from Sydney at midday with local business and community leaders at the Airport to welcome the aircraft’s arrival. The service will operate daily with the airline’s turboprop 50-seat Q300 aircraft, adding more than 700 seats on the route each week.

Speaking from Griffith to mark the inaugural flight, QantasLink CEO John Gissing said the new route reinforced the national carrier’s commitment to supporting regional Australia. “As the national carrier, we have an important role to play in driving tourism and supporting the industry in its recovery from COVID-19. We know Australians want to travel so we’ve been looking for opportunities to support new routes where there is demand and help deliver a boost for local businesses. We’re working with tourism partners to promote the world-class wineries and fresh produce of the beautiful Riverina region to millions of our frequent flyers around the country”.

Qantas (QAN.AX) is also today launching a new regional route from Melbourne to Merimbula. Since the start of COVID-19, the Qantas Group has announced or commenced flying on 26 new routes across Australia, reflecting new travel demand patterns.

The route launch follows a new suite of initiatives introduced for customers, including a boost to flexibility allowing unlimited flight changes until at least February 2022.

In the wake of the COVID-19 pandemic, Qantas has introduced a number of initiatives improve safety and peace-of-mind when travelling domestically through its Fly Well program, including masks on board, hand sanitising stations and enhanced aircraft cleaning.

The flight

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