Tag: fleet (Page 11 of 45)

Air Transport Services Group Selects Boeing for Next Converted Freighter Order

November 3, 2021 / WIL BALDWIN

SEATTLE, Nov. 3, 2021 — Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of 767-300 converted freighters, has contracted with Boeing [NYSE: BA] for the conversion of four aircraft to 767-300 Boeing Converted Freighters (BCF).

“Our continued confidence in the 767-300 platform, now coupled with the services and support of the OEM, reinforces our commitment to deliver best-in-class reliable services to our customers,” said Mike Berger, chief commercial officer of ATSG. “We’re proud to partner with Boeing as we expand our fleet to meet growing demand and look forward to future growth together.”

The 767-300BCF now has more than 100 orders and commitments from customers around the globe, providing widebody converted freighter capability to meet growing market demand, and building on a record year for customer orders of Boeing’s family of freighters.

“We are honored that ATSG has decided to make the 767-300BCF an integral part of their fleet expansion strategy, supporting customers looking to capitalize on strong e-commerce demand,” said Jens Steinhagen, director of Boeing Converted Freighters. “As the OEM, Boeing has the original design data, robust supply chains, and dependable delivery schedules that benefit BCF customers such as ATSG. With that OEM advantage, we stand ready to meet ATSG’s needs by bringing forward market-leading 767-300BCFs into its fleet.”

ATSG is a global leader in cargo leasing, operating a fleet of 106 Boeing aircraft, including more than ninety 767 converted freighters.

Boeing has more than 40 years of successful experience in passenger-to-freighter conversions, relying on original design data and a deep understanding of the needs of the air cargo industry to deliver a superior, integrated product, including fully integrated manuals and world-class technical support. Boeing Converted Freighters also come with the advantage of being associated with the industry’s largest portfolio of services, support and solutions. Learn more about the 767-300BCF and the entire Boeing freighter family here.

A.P. Moller, Maersk Orders Two Boeing 777 Freighters

November 2, 2021 / WIL BALDWIN

COPENHAGEN, Denmark, Nov. 2, 2021 /PRNewswire/ — Boeing [NYSE: BA] and A.P. Moller – Maersk (Maersk) today announced the global provider of end-to-end container logistics has placed an order for two 777 Freighters. The freighters will be operated by Star Air, Maersk’s in-house aircraft operator and is the company’s first 777 order. Star Air currently operates an all-Boeing 767 Freighter fleet.

The 777 Freighter is the world’s largest, longest range and most capable twin-engine freighter. The airplane offers 17 percent better fuel efficiency and reduced CO2 emissions compared to legacy airplanes. With a range of 9,200 kilometers, the 777 Freighter can carry a maximum revenue payload of 102,000 kilograms, allowing Star Air to make fewer stops and reduce landing fees on long-haul routes.

The 777 Freighter is Boeing’s top-selling freighter of all time. Customers from around the world have ordered more than 300 777 Freighters since the program began in 2005. As the air cargo market continues to strengthen throughout the world, freight carriers turn to Boeing for its complete family of new and converted freighters. Boeing airplanes provide more than 90% of the worldwide dedicated freighter capacity.

Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 80,000 people.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.

Virgin Atlantic Joins New Global Aviation Climate Taskforce

October 31, 2021 / WIL BALDWIN

Virgin Atlantic has joined global airline leaders including Air France-KLM and Delta Air Lines, with Boston Consulting Group, in the formation of the Aviation Climate Taskforce (ACT) – a new non-profit organization founded to accelerate breakthroughs in emerging technologies to decarbonize aviation.

As the aviation sector focuses on decarbonisation, a portfolio of solutions will be required to reach net zero by 2050 and to scale up sustainable aviation fuels (SAF) to meet a 10% SAF target by 2030. ACT will stimulate innovation in the next generation of technologies, principally focussed on critical medium-term solutions, such as synthetic fuel and direct air capture. Over time, the portfolio will expand to include more near-term solutions, such as emerging bio-based Sustainable Aviation Fuel pathways, and long-term solutions, such as hydrogen technologies. ACT’s mission will be supported by two pillars: an Innovation Network and a Collaboration Forum to help accelerate innovation and expedite adoption.

Earlier this month, Virgin Atlantic announced ambitious carbon targets as part of a renewed mission to achieve net zero by 2050. The targets include increased fleet efficiency and committing to the use of 10% Sustainable Aviation Fuels (SAF) in 2030 and importantly, reinforce the airline’s commitment to embed sustainability through innovation, transparency and accountability to do more for the protection of the planet.

For more on Virgin Atlantic’s business for good activity including sustainability commitments, please visit https://corporate.virginatlantic.com/gb/en/sustainability.html

British Airways Selects Collins Aerospace to Upgrade 777 Fleet with Enhanced Club World Experience

October 30, 2021 / WIL BALDWIN

WINSTON-SALEM, NC – British Airways (LSE: IAG) has selected Collins Aerospace to upgrade its fleet of Boeing 777 aircraft to the Club World experience for business class passengers.

The agreement includes installation of the popular Club Suite business class seat, the Club Kitchen and a new cabin configuration. Collins will also perform full-cabin integration work – including engineering design, test and approval – along with program management and third-party supplier approvals. Some of the modified aircraft are already flying with the upgrades expected to be complete by the end of 2022. The retrofitted Boeing 777 aircraft will be operating from London Heathrow.

The Club Suite is a customized version of Collins Aerospace’s industry-leading Super Diamond business class seat, providing British Airways international passengers with privacy doors, a spacious seat that converts to a fully flat bed and an upgraded inflight entertainment system. Similar to the upgraded cabin on British Airways’ new Airbus A350 fleet, the suites are laid out in a 1-2-1 pattern, allowing all-aisle access for every passenger. This proven design can be tailored to fit different airframes, helping maintain a consistent passenger experience.

The Club Kitchen is an area consisting of galley inserts, chillers and built-in storage for snacks, drinks and other refreshments, allowing passengers the ability to collect self-service snacks and refreshments at their leisure.

Through its Integration and Engineering group, Collins Aerospace has an Organization Designation Authority from the FAA to oversee the certification and Supplemental Type Certificate for the upgrade. Manufacturing of the new suite seats is being completed at the company’s facility in Kilkeel, Northern Ireland, while the new Club Kitchen was designed at the company’s facility in Everett, Washington.

Airbus Reports Third Quarter 2021 Results

October 28, 2021 / WIL BALDWIN

Amsterdam, 28 October 2021 – Airbus SE (Paris stock exchange symbol: AIR) reported consolidated financial results for the nine months ended 30 September 2021.

“The nine-month results reflect a strong performance across the company as well as our efforts on cost containment and competitiveness. As the global recovery continues, we are closely monitoring potential risks to our industry. We are focused on securing the A320 Family ramp up and striving to ensure the right industrial and supply chain capabilities are in place,” said Airbus Chief Executive Officer Guillaume Faury. “Based on our nine-month performance, we have updated our 2021 earnings and cash guidance. We are strengthening the balance sheet to secure investment for our long-term ambitions.

Gross commercial aircraft orders totalled 270 (9m 2020: 370 aircraft) with net orders of 133 aircraft after cancellations (9m 2020: 300 aircraft). The order backlog was 6,894 commercial aircraft on 30 September 2021. Airbus Helicopters booked 185 net orders (9m 2020: 143 units), including 10 helicopters of the Super Puma Family. Airbus Defence and Space’s order intake by value was € 10.1 billion (9m 2020: € 8.2 billion) with third quarter orders including 56 C295 aircraft for India, two A400Ms for Kazakhstan and support and spares contract renewals for the German and Spanish Eurofighter fleets.

Consolidated revenues increased 17 percent to € 35.2 billion (9m 2020: € 30.2 billion), mainly reflecting the higher number of commercial aircraft deliveries compared to 9m 2020. A total of 424 commercial aircraft were delivered (9m 2020: 341 aircraft), comprising 34 A220s, 341 A320 Family, 11 A330s(1), 36 A350s and 2 A380s. Revenues generated by Airbus’ commercial aircraft activities increased 21 percent, largely reflecting the delivery performance compared to 2020 which was strongly impacted by COVID-19. Airbus Helicopters delivered 194 units (9m 2020: 169 units) with revenues up 14 percent reflecting growth in services as well as the higher deliveries, notably more helicopters from the Super Puma family. Revenues at Airbus Defence and Space were broadly stable year-on-year with four A400M military airlifters delivered in 9m 2021.

Consolidated EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – was € 3,369 million (9m 2020: € -125 million).

The EBIT Adjusted related to Airbus’ commercial aircraft activities totalled € 2,739 million (9m 2020: € -641 million), mainly driven by the operational performance linked to deliveries and efforts on cost containment and competitiveness.

The A220 production rate, which is currently at 5 aircraft a month, is expected to increase to around rate 6 per month in early 2022, with a monthly production rate of 14 envisaged by the middle of the decade. On the A320 Family programme, the Company is working to secure the ramp up and is on trajectory to achieve a monthly rate of 65 aircraft by summer 2023. The recent commercial successes of the A330 programme enable a monthly rate increase from around 2 to almost 3 aircraft at the end of 2022. The A350 programme is expected to increase from around 5 to around 6 aircraft a month in early 2023.

Airbus Helicopters’ EBIT Adjusted increased to € 314 million (9m 2020: € 238 million), driven by services, programme execution and lower spending on Research & Development (R&D).

EBIT Adjusted at Airbus Defence and Space increased to € 284 million (9m 2020: € 266 million), mainly reflecting the Division’s efforts on cost containment and competitiveness.

Consolidated self-financed R&D expenses totalled € 1,919 million (9m 2020: € 2,032 million).

Consolidated EBIT (reported) amounted to € 3,437 million (9m 2020: € -2,185 million), including net Adjustments of € +68 million.

These Adjustments comprised:

€ +190 million related to the A380 programme, of which € +45 million were booked in Q3;
€ -165 million related to the dollar pre-delivery payment mismatch and balance sheet revaluation, of which € +5 million were in Q3;
€ +43 million of other Adjustments, including compliance costs, of which € -6 million were in Q3.

The financial result was € -172 million (9m 2020: € -712 million). It mainly reflects the net interest result of € -233 million partly offset by € +63 million related to the revaluation of the Dassault Aviation equity stake. Consolidated net income(2) was € 2,635 million (9m 2020 net loss: € -2,686 million) with consolidated reported earnings per share of € 3.36 (9m 2020 loss per share: € -3.43).

Consolidated free cash flow before M&A and customer financing was € 2,260 million (9m 2020: € -11,798 million), reflecting efforts on cash containment and also included a positive phasing impact from working capital. Consolidated free cash flow was € 2,308 million (9m 2020: € -12,276 million).

On 30 September 2021, the gross cash position stood at € 21.7 billion (year-end 2020: € 21.4 billion) with a consolidated net cash position of € 6.7 billion (year-end 2020: € 4.3 billion). The Company’s liquidity position remains strong, standing at € 27.7 billion at the end of September 2021. Given the increase in the net cash position and the robust liquidity, a decision was taken not to renew the undrawn € 6.2 billion Supplemental Liquidity Line which matured in September. In the meantime, the maturity of the € 6 billion Revolving Syndicated Credit Facility has been extended by a year.

Outlook

As the basis for its 2021 guidance, the Company assumes no further disruptions to the world economy, air traffic, the Company’s internal operations, and its ability to deliver products and services.

The Company’s 2021 guidance is before M&A.

On that basis, the Company has updated its 2021 guidance and now targets to achieve in 2021 around:

600 commercial aircraft deliveries;
EBIT Adjusted of € 4.5 billion;
Free Cash Flow before M&A and Customer Financing of € 2.5 billion.

Airbus Receives First A320 Flight Hour Services Maintenance Contract in Europe

October 24, 2021 / WIL BALDWIN

Finnair has selected Airbus’s Flight Hour Services (FHS) to support its entire A320 Family fleet (35 aircraft), thus becoming the first European FHS customer for an A320 fleet.

Following recent contracts in Asia Pacific and the Middle East region, this first FHS agreement from Europe demonstrates the growing trust placed in Airbus’ maintenance by the hour services by airlines around the world, both for widebody and single aisle fleets.

Finnair will benefit from integrated material services including on-site-stock at their main base in Helsinki, access to Airbus’ mutualised spares pools and components engineering and repair services around the world. The FHS contract covers ‘nose to tail’ material services including for engine components.

Airbus will guarantee spare parts availability, generating value through increased fleet availability and operating maintenance costs savings.

The global Airbus fleet covered by FHS has increased by more than 25% over the past two years confirming the relevancy of flexible, power-by-hour solutions for airlines to secure efficient operations and contain costs.

Finnair is a long-standing Airbus customer. The airline is operating Airbus A320 Family aircraft on its network in Europe and Airbus A330 and A350 on long-haul flights.

Airbus Delivers First of 60 A220 Aircraft to Air France

September 30, 2021 / WIL BALDWIN

Mirabel, Quebec, Canada, 29 September, 2021 – Air France (OTC: AFLYY) has received its first A220-300 from an order for 60 aircraft of the type, the largest A220 order from a European carrier. The aircraft was delivered from the Airbus (OTC: EADSY) final assembly line in Mirabel, Quebec, Canada and officially unveiled to the public during a ceremony held at Paris Charles-De-Gaulle Airport.

The A220 is the most efficient and flexible aircraft in the 100 to 150 seat market segment today. The renewal of the Air France single-aisle fleet with this latest generation aircraft will increase efficiency along with customer comfort and support Air France to meet its environmental goals and sustainability objectives.

The first Air France A220-300 will be operated on its medium-haul network from the 2021 winter season. Currently, Air France operates a fleet of 136 Airbus aircraft. Air France is also renewing its long-haul fleet, and has already taken delivery of 11 A350’s out of an order of 38.

The Air France A220-300 cabin is configured in a single-class layout to comfortably welcome 148 passengers. Offering superior single-aisle comfort, with the widest leather seats, largest windows and up to 20% more overhead stowage space per passenger, the Air France A220 also features full WiFi connectivity throughout the cabin and two USB sockets at each passenger seat.

The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation geared turbofan engines. With a range of up to 3,450 nm (6,390 km), the A220 gives airlines added operational flexibility. The A220 delivers up to 25% lower fuel burn and CO2 emissions per seat compared to previous generation aircraft, and 50% lower NOx emissions than industry standards. In addition, the aircraft noise footprint is reduced by 50% compared to previous generation aircraft – making the A220 a good neighbour around airports.

As of the end of August, over 170 A220’s have been delivered to 11 operators worldwide.

F/A-18 Block III Delivery_Building 75, Aircraft Delivery Service Center_St. Louis, MO. MSF21-0031 Series.

Boeing Delivers First Operational Block III F/A-18 Super Hornet to the U.S. Navy

September 27, 2021 / WIL BALDWIN

Arlington, Virginia, September 27, 2021 – Boeing [NYSE: BA] delivered the first of 78 contracted Block III F/A-18 Super Hornets to the U.S. Navy. Block III gives the Navy the most networked and survivable F/A-18 built with a technology insertion plan that will outpace future threats.

Block III’s new adjunct processor translates to a fighter that will do more work and in far less time increasing a pilot’s situational awareness. The jet is ready to receive apps-based solutions that will allow upgrades to the aircraft throughout its life span.

Boeing will continue to deliver Block III capabilities to the Navy through the mid-2030s from three lines. One new build production, and two Service Life Modification lines extending the life and eventually upgrading Block II Super Hornets to Block III. The first aircraft delivered will complete the U.S. Navy flight test program before deploying to a squadron.

Pentagon and Lockheed Martin Agree To F-35 Sustainment Contracts

September 16, 2021 / WIL BALDWIN

FORT WORTH, Texas, Sept. 13, 2021 /PRNewswire/ — The F-35 Joint Program Office awarded the Lockheed Martin (NYSE: LMT) industry team annualized contracts covering fiscal years 2021-2023 to support operations and sustainment of the global F-35 fleet, supporting mission readiness and further reducing costs.

The annual contracts fund critical sustainment activities for aircraft currently in the fleet and build enterprise capacity to support the future fleet of more than 3,000 F-35 aircraft. This includes industry sustainment experts supporting base and depot maintenance, pilot and maintainer training, and sustaining engineering for the U.S. and our allies across the globe. It also covers fleet-wide data analytics and supply chain management for part repair and replenishment to enhance overall supply availability for the fleet.

The FY2021-2023 contracts represent a planned next step in further reducing overall operations and support costs for the F-35 program, which are shared between government and industry. Lockheed Martin has reduced our cost per flight hour by 44% in the past five years, with a forecasted reduction of an additional 40% in the next five years. The cost savings in the FY21-23 annualized sustainment contracts support Lockheed Martin’s efforts to realize these goals. The savings will be achieved through improved cost and velocity in our supply chain, continued reliability improvements, and greater manpower efficiencies to provide product support solutions across the growing, global fleet. We remain committed to partnering with our customers and teammates to drive F-35 sustainment costs down.

The contracts also pave the way for a longer-term, Performance Based Logistics (PBL) agreement for the F-35 program. PBLs are an industry best practice, facilitating agile sustainment solutions for the fleet and incentivizing even further affordability and performance results.

The F-35 Joint Program Office, together with each U.S. service, international operators and the F-35 industry team, leads F-35 sustainment and the Global Support Solution. The 2021 annualized sustainment contract will cover industry sustainment activities through Dec. 31, 2021.

Phoenix Police Department to Upgrade Fleet with New Airbus H125 Helicopters

September 16, 2021 / WIL BALDWIN

Grand Prairie, Texas, 16 September 2021 – The Phoenix Police Department has signed a new order to upgrade its airborne law enforcement helicopter fleet with five new H125 helicopters. Deliveries are expected to begin next year.

Known for its power, versatility and excellent performance in hot and high conditions, the H125 features dual hydraulics, dual channel FADEC, a crash resistant fuel system, and advanced glass-panel cockpit displays. The H125 accounts for nearly half of all intermediate single engine helicopters delivered for airborne law enforcement missions in North America over the last decade. It is built at Airbus Helicopters, Inc.’s production and completion facility in Columbus, Mississippi, by a team made up of 40% U.S. veterans.

Airbus Helicopters Inc. is the leading supplier of helicopters in the United States, with a presence dating back more than 50 years. A team of more than 700 employees operates local production and completion facilities for the H125 and UH-72 Lakota aircraft in Columbus, Mississippi, and provides world-class training, aftermarket support, and technical assistance from Grand Prairie, Texas, for the North American regional in-service fleet of nearly 3,100 helicopters.

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