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Airbus Corporate Jets Wins First A321LR Order for Two Aircraft

August 19, 2020 /

Airbus Corporate Jets (ACJ) has won the first A321LR order for two aircraft from Lufthansa Technik, highlighting the market appeal and versatility of the A320neo Family. The aircraft will be multi-role capable and can be equipped for various types of missions, such as troop transport, different MedEvac role setups (medical evacuation) and will be operated by the German Air Force (Luftwaffe). Lufthansa Technik has now placed a total order of five Airbus aircraft on behalf of the German Government: three ACJ350-900s and two A321LRs. The A321LRs will be able to fly up to 163 passengers, up to 6 intensive care patients and up to 12 medium care patients, depending on the installed configuration, with a maximum range of 4,200nm/7,800km or 9.5 flight hours.

The A321LR is a member of the A320neo Family with over 7,400 orders by more than 110 customers. It delivers 30 per cent fuel savings and nearly 50 per cent reduction in noise footprint compared to previous generation competitor aircraft. With a range of up to 4,000nm (7,400km), with 206 passengers, the A321LR is the unrivalled long-range route opener, featuring true transatlantic capability and premium wide-body comfort in a single-aisle aircraft cabin.

Featuring the most spacious cabins of any business jet, while being similar in size to competing large-cabin aircraft, the ACJ320neo Family also delivers similar operating costs. The ACJ320neo Family can do this because its lower maintenance and training overheads – part of its airliner heritage – deliver a similar total cost when combined with fuel and navigation and landing charges.

Some 12,000 Airbus aircraft are in service worldwide, supported by a globe-spanning network of spares and training centres, giving corporate jet customers unmatched support in the field. Airbus corporate jet customers also benefit from services tailored to their particular needs, such as the “one call handles all” corporate jet customer care centre (C4you), and customised maintenance programmes.

Combined with the inherent reliability that comes from aircraft designed to fly many times a day, the ACJ320neo Family is both dependable and available when customers need it.

Airbus corporate jets are part of the world’s most modern aircraft family, which delivers, as standard, features which either cost more, or are unavailable, in competitors. These features include the protection and simplicity of fly-by-wire controls, the benefits of Category 3B autoland, and time and cost-saving centralised maintenance on all systems.

Around 200 Airbus corporate jets are in service on every continent, including Antarctica, highlighting their versatility in challenging environments.

U.S. Leaves Tariffs on Airbus Aircraft Unchanged at 15%

August 12, 2020 /

WASHINGTON (Reuters) – The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus <AIR.PA> aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies.

U.S. Trade Representative Robert Lighthizer (USTR) said the EU had not taken actions necessary to come into compliance with World Trade Organization decisions, and Washington would initiate a new process to try to reach a long-term solution.

USTR said it would modify its list of $7.5 billion of affected European products to remove certain goods from Greece and Britain and add an equivalent amount from Germany and France.

It ignored calls from EU officials and U.S. lawmakers to drop tariffs on EU food, wine and spirits, but did not add tariffs to vodka, gin and beer as it had threatened.

Airbus said it “profoundly regrets” the U.S. decision to keep tariffs in place on its aircraft.

Washington’s decision to refrain from increasing the tariff rates would help prevent a further escalation, an EU official said, calling for intensified efforts to resolve trade conflicts between the powerful economic blocs.

EU trade commissioner Phil Hogan would continue his active engagement with Lighthizer to reach a negotiated settlement, the official said, noting that the current economic slowdown underscored the urgency of ending the conflict.

Last month, Airbus said it would increase loan repayments to France and Spain in a “final” bid to reverse U.S. tariffs and jog the United States into settling the long-running fight over billions of dollars of aircraft subsidies.

The United States declared itself in full compliance with WTO findings in May after Washington state abolished aerospace industry tax breaks that largely benefited Boeing.

Trade groups are bracing for an escalation of the row in the autumn when the EU is expected to win WTO approval to hit back with its own tariffs over subsidies for Boeing <BA>.

Airbus said in a statement it “trusts that Europe will respond appropriately to defend its interests and the interests of all the European companies and sectors, including Airbus, targeted by these tariffs.”

Boeing urged the EU and Airbus to launch prompt and “meaningful negotiations with the U.S. to address the full scope of their noncompliance and finally bring this case to an end.”

USTR in October 2019 imposed 25% tariffs on an array of EU food, wine and spirits, including Italian cheese and single-malt Scotch whisky in retaliation for EU subsidies on large aircraft.

It initially imposed 10% tariffs on Airbus aircraft but hiked that to 15% in March.

(Reporting by Andrea Shalal, David Lawder, David Shepardson and Eric M. Johnson; Editing by Chris Reese, Richard Pullin and Tom Brown)

Cathay Pacific Posts Record $1.27 Billion First Half Loss

August 12, 2020 /
Cathay Pacific aircraft are seen parked on the tarmac at the airport, following the outbreak of the new coronavirus, in Hong Kong

SYDNEY (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd reported a record HK$9.87 billion ($1.27 billion) first-half loss and said it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic.

The figure was in line with the HK$9.9 billion forecast it had flagged last month and included HK$2.47 billion of impairment charges.

Revenue plunged 48.3% to HK$27.7 billion in the six months ended June 30 as it slashed passenger flying to a barebones schedule due to lower demand and border restrictions, though it added more cargo-only flights as freight yields rose 44.1%.

The airline, which received a $5 billion rescue package led by the Hong Kong government, has so far refrained from large-scale job cuts but has warned it is reviewing all aspects of its business model with an update expected by the fourth quarter.

“Inevitably this will involve rationalisation of future planned capacity compared to pre-crisis plans, taking into account the market outlook and cost structure at that time,” Chairman Patrick Healy said in a statement on Wednesday.

It has rearranged its aircraft order book with Airbus SE to delay deliveries, is in advanced talks with Boeing Co to do the same and has begun sending one-third of its fleet outside Hong Kong for storage in less humid conditions.

The airline said last month that it had reduced its monthly cash burn to about HK$1.5 billion from between HK$2.5 billion and HK$3 billion while maintaining a minimal flying schedule.

Cathay is expected to report a full-year loss of around HK$13.6 billion, according to the average of 13 analysts polled by Refinitiv before it released its half-year results.

The airline’s shares had surged 9.3% on Wednesday ahead of the earnings announcement, which was made while trading was suspended for the market’s lunch break.

“It is laggard buying on some traditional economy stocks,” Steven Leung, a sales director at UOB Kay Hian, said of the rise.

($1 = 7.7506 Hong Kong dollars)

(Reporting by Jamie Freed; additional reporting by Donny Kwok in Hong Kong; Editing by Himani Sarkar)

Siemens Mobility Awarded Billion-Euro Order for Deutsche Bahn High-Speed Trains

August 10, 2020 /

Beginning in 2022, DB will expand its mainline fleet with 30 new high-speed trains. Deutsche Bahn has awarded the billion-euro order to Siemens Mobility. DB called for tenders at the end of 2019 when the federal government announced it would be reducing the value-added tax on mainline rail tickets as of the beginning of 2020.

The trains will initially run on routes between the state of North Rhine-Westphalia and Munich via the high-speed Cologne-Rhine-Main line. The new trains will increase DB’s daily passenger capacity on these mainline routes by 13,000 seats.

Dr. Richard Lutz, CEO of Deutsche Bahn AG said: “Today marks a big step for a strong and environmentally friendly rail system: DB is investing in new trains at a record level. Our fleet will be getting state-of-the-art additions with the new ICE trains, and our passengers will benefit from more seats, greater comfort and higher speeds by the end of 2022. The entire DB fleet will grow by 20 percent over the coming years. Even though demand has sharply declined due to the corona pandemic, everything speaks in favor of climate-friendly rail transport for the longer term. That’s why we’re committed to growth!”

Andreas Scheuer, Germany’s Federal Minister for Transportation and Digital Infrastructure, commented: “The new, ultra-modern ICE trains make rail travel even more attractive – also because high-performance high-speed trains, along with modern rail infrastructure, are a key prerequisite for increasing the frequency of nation-wide rail service. With this move, rail is increasingly becoming a climate-friendly alternative for long-distance travel. The order is also a strong economic stimulus and therefore a positive signal for many employees in the rail industry and their families. With an order of this size, we are securing thousands of jobs and strengthening innovations made in Germany.”

“We are helping Deutsche Bahn implement its master plan for transforming Germany’s transport sector. The goal is to massively reduce CO2 emissions while at the same time attracting more people to public transport,” said Roland Busch, Deputy CEO andMember of the Managing Board of Siemens AG. “Siemens and DB have long enjoyed a highly successful partnership. The most important requirement for the ICE order was to get the new trains on the rails very quickly. We can do exactly that by relying on our proven Velaro platform.”

By 2026, 421 ICE trains with 220,000 seats will be operating on Germany’s rail system. In addition to the 30 new ICE trains just ordered, there is an option for an additional 60 trains.

The new ICE trains will be manufactured at Siemens locations in North Rhine- Westphalia, Bavaria and Austria. Technically, the train is based on the proven platform of the ICE 3. The new trains will have 440 seats and a top speed of 320 km/h. They will offer passengers greater comfort and convenience with features like frequency- transparent windows for stable mobile phone reception and space for transporting bicycles.

Embraer Announces Phenom 300MED Light Jet Medevac Solution

August 9, 2020 /

Embraer today announced the Phenom 300MED, a unique Medevac solution for Phenom 300 series aircraft, which is also available for retrofit, through a partnership with umlaut and Aerolite. Embraer and umlaut are jointly developing and certifying a new supplemental type certificate (STC) utilizing Aerolite equipment.

The Phenom 300MED, which is now available for customer configuration, is representative of Embraer’s modern and versatile product portfolio and the company’s intent to deliver the ultimate experience in business aviation, now including the Medevac segment. Designed as an ideal solution for both civil and government applications, the Medevac solution will be installed exclusively by Embraer’s award-winning Services & Support organization, ensuring the highest quality, reliability, and service experience, direct from the manufacturer.

Together, Embraer and umlaut are developing a comprehensive set of configuration alternatives for the Phenom 300MED, which will feature either one or two stretchers, as well as the ability to carry an incubator and additional medical equipment. The aircraft will also feature hospital-grade trim and finishing. As a purpose-built Medevac solution, created in collaboration with the leading companies in the industry, the Phenom 300MED is designed to be quickly and easily configured to meet the various needs of both healthcare providers and patients.

The Phenom 300MED benefits from the platform’s heritage of best-in-class cabin pressurization, low operating costs, high mission flexibility, state-of-the-art avionics, plus its speed and range capabilities. With best-in-class cabin altitude of 6,600 feet, passengers and crew enjoy more oxygen in the cabin. This feature equates to a healthier flight experience, which is essential for medical staff and patient care.

The Phenom 300MED is further distinguished by the integration of Aerolite medical equipment. Aerolite is a leader in the design, engineering, production, and installation of Air Medical interiors. With over 500 Medevac interiors delivered, the company offers the ideal blend of equipment for the mission.

Ronald Hengartner, CEO of Aerolite, said, “We are honored that Embraer and umlaut have selected Aerolite’s innovative aeromedical equipment for the new Phenom 300MED. From providing the most modern EMS interior solutions to offering customer-specific support and training, Aerolite is uniquely positioned to help deliver the ultimate Medevac solution.”

Embraer’s products, including the Phenom 300 series, are recognized for high reliability and utilization. More than 550 Phenom 300 series aircraft have been delivered since the aircraft entered the market in December 2009, and it has accumulated more than one million flight hours. According to VREF’s 15-year business aircraft residual value forecast, the Phenom 300E will retain one of the highest residual values in the industry.

Boeing Building 4 Additional 702X Satellites for mPOWER Fleet

August 8, 2020 /
  • Expanded SES constellation to deliver enhanced global connectivity services

Boeing [NYSE: BA] has received a contract to build four additional 702X satellites from SES as the leading global content connectivity provider  increases the number of O3b mPOWER satellites in its Medium Earth Orbit (MEO) to 11.

These four additional O3b mPOWER satellites will enhance SES’s next-generation MEO constellation throughput and efficiency as well as expand its unique capabilities to deliver connectivity services ranging from 50Mbps to multiple gigabits per second to a single user. The system will allow telecommunications companies, mobile network operators, governments, enterprises, aircraft and ship operators, and more, to connect with their core network or extend cloud access worldwide.

Boeing is currently building the first seven O3b mPOWER satellites for SES. The first set of satellites will be launched in late 2021.

SES’ O3b mPOWER software-defined satellites are based on Boeing’s multi-orbit 702X satellite portfolio, which employs Boeing’s most advanced digital payload to date. The O3b mPOWER satellite constellation will integrate with existing network architectures to deliver global, end-to-end managed network services on land, sea and in the air.

Additionally, Boeing and SES have agreed to collaborate to develop commercially-based service offerings and capabilities that can be derived from current and future SES MEO satellites. Working together, the companies will develop resilient, interoperable MILSATCOM-COMSATCOM architectures to provide U.S. and other government users with robust connectivity across mission domains.

The 702X is a family of software-defined satellites that incorporates digital processors, advanced thermal management, optimized manufacturing technologies and simplified ground resource management tools. With thousands of beams that are formed in real time and can be pointed and shaped where needed, 702X allows operators the flexibility to specifically distribute power and bandwidth among users, maximizing useable capacity and eliminating wasted energy.

KiwiRail’s Tourism Trains Back on Track for Summer

August 4, 2020 /

All KiwiRail’s long distance scenic services will be back this summer, giving New Zealanders the opportunity to see their spectacular country from the comfort of a train.

“When New Zealand went into its Level 4 Covid lockdown at the end of March, all our scenic trains stopped running and we needed to gauge the market and plan the services’ return,” KiwiRail Group Chief Executive Greg Miller says.

“We also had to carry out maintenance work on the carriages we use, and that work was delayed by the Covid lockdown.  We prioritised the TranzAlpine, which runs between Christchurch and Greymouth, so it was the first service to resume.

“We have now reached the stage where we are able to announce plans to also re-start the Coastal Pacific and Northern Explorer.

“A record winter school holidays on Interislander and a highly successful winter promotion of the TranzAlpine gives us the confidence that the public will support these tourism trains which will be back in time for the summer holidays.”

The Coastal Pacific runs from spring to autumn, offering vistas of the spectacular coastline between Picton and Christchurch, via Kaikoura, during a five-hour journey.

The Northern Explorer runs between Auckland and Wellington over more than 10 hours, taking in views of Mts Tongariro, Ngāuruhoe and Ruapehu, as well as twisting through the famed Raurimu Spiral and stopping briefly in Palmerston North, Ohakune, National Park and Hamilton.  

“Pre Covid, rail touring was enjoying a resurgence throughout the world and, with the support of a promised $80 million of Government funding, KiwiRail was planning an ambitious upgrade of its scenic fleet and services,” Mr Miller says.

“The indefinite closure of New Zealand’s borders to international tourists, and the re-purposing by the Government of some of the proposed funding means that, for now, we are hibernating some of those plans and instead concentrating on designing viable timetables and services for the domestic market.

“New Zealanders can be assured that the scenery has not changed, and nor has the warmth of the welcome from KiwiRail’s staff who are eager to be back on track.

“Bookings are already open for our premier service, the TranzAlpine, running from Christchurch to Greymouth and same-day return, on Fridays, Saturdays, Sundays and Mondays. From September, customers will be able to enjoy the traditional Scenic class seats or pay extra to try a new Scenic-Plus class, which includes enhanced personal food and beverage service at your table.

“In spring, the Coastal Pacific will resume travelling from Christchurch to Picton each Tuesday, Wednesday, and Thursday morning, with a return service the same afternoon.

“Because the Northern Explorer has competition from airlines on the same route and is a much longer trip which is more difficult to make financially sustainable for KiwiRail, there has been speculation over its return.

“We’re pleased to announce that it’s coming back and we are currently working on the timetable, crewing and ticket prices and anticipate it resuming prior to the summer season.

“It looks like all New Zealanders will be holidaying at home this summer and as people plan their breaks, we urge them to demonstrate their support for environmentally friendly travel and choose to sit back and  connect with the landscape on their national rail network.

“We will monitor the popularity and profitability of the three scenic services over summer, while also looking at additional destinations and opportunities. 

“In addition to these scheduled services, we are looking to expand our fleet to offer enhanced charter services throughout the year.

“Despite uncertainties in the current market, KiwiRail is committed to playing a long-term, vital role in New Zealand’s tourism sector and we are looking forward to rolling out our fleet again.”

Bookings for the TranzAlpine are currently open from September 4 till the end of November, operating four-day weekends (Friday-Monday) and every day during the school holidays from Friday, September 25 to Monday October 12. Bookings for the TranzAlpine from December, and for the Coastal Pacific and Northern Explorer, will open in the next few weeks.

British Airways Plans to Sell Shares and Avoid Bailout

July 26, 2020 /

British Airways is scrapping all its Boeing 747 jumbo jets.

It’s cutting capacity to prepare for years of weak demand for air travel.

Now Reuters sources say owner IAG has a plan to get its finances in good order too.

They say the company will probably sell shares at the end of the summer, in a bid to raise almost 2.9 billion dollars.

Though other options for raising the money are being considered.

The cash would be used to keep group airlines in business, and avoid a government bailout.

That’s in contrast with European rivals.

Air France has secured a 7 billion euro package from the French government.

Germany’s Lufthansa agreed a 9 billion euro rescue deal.

IAG has avoided any such agreement, hoping to limit state involvement in how it’s run.

It has though taken state-backed loans in the UK and Spain, where it owns Iberia.

The sources say the airline is working with banks including Goldman Sachs and Morgan Stanley on the new plan.

It’s thought an announcement could coincide with financial results due at the end of the month.

Neither the airline nor the banks would comment on the reports.

IAG shares have lost about 66% of their value this year.

On Friday (July 24) afternoon they were in the red again, down over 5%.

Click the link below to watch the video report!

https://finance.yahoo.com/video/ba-aims-sell-shares-dodge-154041288.html

Alstom to Supply Taipei Integrated Metro Line 7 Extension

July 18, 2020 /

The Alstom-led consortium with Taiwanese engineering and contracting services company CTCI reached contractual close on 23 June 2020 for the Phase Two extension of Taipei Metro Line 7. The contract is valued at close to €424 million, with an Alstom share of approximately €248 million. 

Phase One, which was awarded by Systemwide E&M Project Office Department of Rapid Transit Systems of Taipei City Government (SEMPO) in 2018, has been extended to deliver a seamless customer experience on the new metro line, spanning an additional 13.3km with 13 stations as part of Phase Two. When fully completed around late 2028, the 22.8-kilometre medium-capacity metro line, also known as Wanda Zhonghe Shulin Line, will connect Taipei City to New Taipei City more seamlessly. In addition, passengers can look forward to more convenience travelling between the various districts within New Taipei City such as Chong-he, Shu-lin, Tu-chen, Xin-zhuang.  

Under the contract, Alstom will be responsible for the design, supply, manufacturing, testing and commissioning of 16 additional fully automated, four-car Metropolis trains, Urbalis 400 Communication Based Train Control (CBTC) signalling system, Supervisory Control and Data Acquisition (SCADA) system, as well as platform screen doors. The trains will be manufactured in Alstom’s Taubaté factory in Brazil, while the signalling system will be delivered by its Saint-Ouen site in France and Bangalore site in India. Alstom and CTCI will also jointly carry out project management and system integration. CTCI will provide the track work, power supply, depot equipment, Telecommunication and Ticketing systems.  

“Taipei Metro Line 7, which interchanges with five other lines, will be a game changer for the travelling public of Taipei, and Alstom is delighted to continue to be a part of this iconic project. The success of this project extension with SEMPO positions us as a reliable and trusted partner, established for the long term in Taiwan and well beyond our 40 years of active presence,” said Ling Fang, Senior Vice President of Alstom Asia-Pacific.

Alstom’s metros are world-leading, proven, safe and reliable trains that serve many of the world’s great cities, including Amsterdam, Barcelona, London, Paris and Singapore. Alstom has more than 65 years’ experience in the production of metros, having sold over 17,000 metro cars that operate in 55 cities around the world and carry 30 million passengers every day.

In Taiwan, Alstom provides signalling systems to all but one of Taipei’s metro lines and is currently supplying a driverless signalling system for Taichung Green metro line. In 2017, Alstom won its first tramway project in Taiwan, supplying its latest Citadis tram to Kaohsiung tramway line phase two.

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