LAS VEGAS, June 10, 2019 /PRNewswire/ — Allegiant Travel Company (ALGT) today reported preliminary passenger traffic results for May 2019.
May 2019 estimated average fuel cost per gallon – system $2.32
Allegiant Travel Company
Las Vegas-based Allegiant (ALGT) is an integrated travel company with an airline at its heart, focused on connecting customers with premier leisure experiences – from vacations to hometown family entertainment. Since 1999, Allegiant Air has linked travelers in small-to-medium cities to world-class vacation destinations, with all-nonstop flights and industry-low average fares, as well as hotel rooms and rental cars available exclusively through the company’s website, Allegiant.com. Today, Allegiant serves more than 450 routes across the country, with base airfares less than half the cost of the average domestic roundtrip ticket. Allegiant’s Sunseeker Resorts division is currently under construction with its inaugural resort property, Sunseeker Resort Charlotte Harbor in Southwest Florida – a unique waterside integrated resort like no other. A growing group of Allegiant Nonstop family entertainment centers offer state-of-the art indoor sports and games to thrill seekers of all ages, while TeeSnap helps golf courses thrive and enhance customer experience through an innovative suite of technology tools for course scheduling, point of sale and more. For more information, visit us at Allegiant.com. Media information, including photos, is available at http://gofly.us/iiFa303wrtF
ALGT/G
Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.
MIRAMAR, Fla., June 03, 2019 (GLOBE NEWSWIRE) — Are you ready for some live music and hot chicken? Spirit Airlines is bringing its low fares and signature service to Nashville, Tennessee. Beginning October 10, 2019, Spirit (NYSE: SAVE) will begin nonstop daily service from Nashville International Airport (BNA) to Baltimore/Washington, Fort Lauderdale, New Orleans, Las Vegas and Orlando. The airline will also add nonstop service to Tampa on November 5. The six routes will operate year-round and create dozens of connections to some of Spirit’s most popular destinations, throughout the U.S., Caribbean and Latin America.
Spirit Airlines is starting service to/from Nashville, TN (BNA) to Baltimore, MD/Washington, DC (BWI), Fort Lauderdale, FL (FLL), New Orleans, LA (MSY), Las Vegas, NV (LAS), Orlando, FL (MCO) and Tampa, FL (TPA).
“Spirit Airlines is excited to announce service to Music City,” said Ted Christie, Spirit Airlines’ President and Chief Executive Officer. “Nashville is one of the fastest growing cities in the country and has a lot to offer. From the best live entertainment and family-friendly attractions to a robust food and craft beer scene, there is something for everyone. We’re equally excited to bring our new Nashville-area Guests to great destinations throughout the U.S., Latin America, and the Caribbean.”
“Today’s announcement is exactly why Nashville International Airport is focused on expanding and renovating our facilities, so we can continue to attract new air carriers and provide additional routes for travelers to and from Middle Tennessee,” said Doug Kreulen, Nashville International Airport’s President and Chief Executive Officer. “We appreciate Spirit Airlines’ investment and confidence in our community, and we look forward to a successful collaboration as we grow our airport and generate economic activity for our region.”
“Spirit Airlines marks the 15th airline carrier operating at Nashville International Airport,” said Dr. A. Dexter Samuels, Nashville International Airport’s Board Chair. “The addition of new airlines and more air service creates competition in various markets and helps keep air fares affordable for our passengers. It’s a dynamic that well serves both the business and leisure traveler and underscores our strategic direction at BNA. On behalf of the BNA Board of Commissioners, welcome to Nashville.”
Nashville, TN (BNA) to/from:
Starts:
Frequency:
Baltimore, MD/Washington, DC (BWI)
October 10, 2019
Daily, year-round
Fort Lauderdale, FL (FLL)
October 10, 2019
Daily, year-round
New Orleans, LA (MSY)
October 10, 2019
Daily, year-round
Las Vegas, NV (LAS)
October 10, 2019
Daily, year-round
Orlando, FL (MCO)
October 10, 2019
Daily, year-round
Tampa, FL (TPA)
November 5, 2019
Daily, year-round
The announcement will add to Spirit’s growing network, as the value carrier recently announced it would be launching service in Burbank, Sacramento, and Charlotte on June 20. While expanding its network, the airline is also focused on investing in the Guest experience and delivering the best value in the sky.
About Spirit Airlines: Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows every Guest to pay only for the options they choose — like bags, seat assignments and refreshments — something we call À La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We operate more than 600 daily flights to 76 destinations in the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving the communities we serve. Come save with us at spirit.com. At Spirit Airlines, we go. We go for you.
Melbourne, Florida, May 17, 2019 – Embraer’s new Praetor 600 super-midsize business jet has completed its first transatlantic crossing, powered by Sustainable Alternative Jet Fuel (SAJF). The aircraft arrived yesterday in Farnborough, having departed from Teterboro Airport in the U.S. The first transatlantic flight of the Praetor 600 covered about 3,000 nautical miles with about 15,000 lb of fuel, of which 3,000 lb was SAJF.
Embraer will debut its new Praetor business jets at the European Business Aviation Conference and Exhibition (EBACE) in Geneva, Switzerland, from May 21 to May 23. The new midsize Praetor 500 and super-midsize Praetor 600 business jets were launched in October 2018.
On static display at this year’s EBACE will be the entry-level Phenom 100EV, the Phenom 300E light jet, the midsize Praetor 500, the super-midsize Praetor 600, the large Legacy 650E and the ultra-large Lineage 1000E. All aircraft will arrive at EBACE fueled with SAJF.
Prior to arrival at EBACE, Embraer will participate at a business aviation biofuel event to be held at Farnborough Airport on May 18. This event will mark the first anniversary of the launch of the Business Aviation Coalition for Sustainable Alternative Jet Fuel (SAJF), at EBACE 2018, and the 10th anniversary of the Business Aviation Commitment on Climate Change, announced in 2009.
The “Fueling the Future” event will gather business aviation and civic leaders to discuss the path forward for the continued adoption of SAJF in business aviation, in order to fulfill the coalition’s goal of reducing emissions through investments and innovation. Several manufacturer’s business aircraft will be fueled with SAJF before departing to EBACE.
On May 8, the Praetor 600 began its journey to EBACE at São Paulo International Airport in Brazil and arrived in Fort Lauderdale, Florida with a six-passenger equivalent payload of 1,200 lb (544 kg). This was the aircraft’s longest flight to date, covering 3,904 nm (7,230 kilometers) over an air distance of 3,678 nm (6,812 kilometers), having faced up to 43 knots of headwinds and descended into Miami’s distinct air space pattern.
The Praetor 600 is the best performing super-midsize jet ever developed, surpassing all its main design goals and becoming capable of flying beyond 4,000 nautical miles in long-range cruise speed or beyond 3,700 nautical miles at Mach .80 from runways shorter than 4,500ft, complemented by an outstanding payload capability.
The Praetor 600 is the first super-midsize jet with full fly-by-wire technology, which powers the Active Turbulence Reduction that not only makes every flight the smoothest but also the most efficient possible.
MIRAMAR, Fla., May 02, 2019 (GLOBE NEWSWIRE) — The savings and signature service has arrived in the Research Triangle! Today Spirit Airlines officially began service to and from Raleigh-Durham International Airport (RDU). The airline’s signature yellow Airbus jets will now connect RDU to Baltimore/Washington, DC, Boston, Detroit, Fort Lauderdale, New Orleans, Chicago, and Orlando with nonstop flights. The new routes also create dozens of connections to other Spirit destinations in the United States, as well as the Caribbean and Latin America. Raleigh-Durham is Spirit’s third destination in the Tar Heel State, joining the Piedmont Triad and Asheville and will soon be joined by Charlotte on June 20.
“The time has finally arrived for us to begin serving the Research Triangle, and we are ready to do just that,” said Ted Christie, Spirit Airlines’ president and CEO. “With eight daily flights to some of our biggest destinations, and connections to many more, we believe our service and value will resonate in the Raleigh-Durham region. In less than a year, Spirit has gone from no footprint in the state to serving four destinations by June 20, and I want to thank North Carolinians for embracing us.”
“We are happy to welcome Spirit Airlines as the newest carrier connecting the Research Triangle community to the world,” said Michael Landguth, president and CEO of the Raleigh-Durham Airport Authority. “Spirit’s low fares and suite of nonstop destinations will add to the world-class airport experience business and leisure travelers expect from RDU.”
Raleigh-Durham, NC (RDU)
Starts:
Frequency:
Baltimore, MD/Washington, DC (BWI)
May 2, 2019
2x daily, year-round
Boston, MA (BOS)
May 2, 2019
Daily, year-round
Detroit, MI (DTW)
May 2, 2019
Daily, year-round
Orlando, FL (MCO)
May 2, 2019
Daily, year-round
Fort Lauderdale, FL (FLL)
May 2, 2019
Daily, year-round
New Orleans, LA (MSY)
May 2, 2019
Daily, year-round
Chicago, IL (ORD)
May 2, 2019
Daily, year-round
Beyond next month’s launch in Charlotte, the airline will also be expanding on the West Coast, adding Burbank and Sacramento to its network. All three new cities will launch on June 20. Spirit’s growing route network comes with ongoing investments into its guest experience. The airline continues to rank among the top in on-time arrivals, baggage handling, and is in the process of installing high-speed Wi-Fi to its entire fleet.
About Spirit Airlines: Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky while providing an extraordinary Guest experience. We are the leader in providing customizable travel options starting with an unbundled fare. This allows every Guest to pay only for the options they choose — like bags, seat assignments and refreshments – something we call À La Smarte. We make it possible for our Guests to venture farther, travel more often, and discover more than ever before. Our Fit Fleet™ is one of the youngest and most fuel-efficient in the U.S. We operate more than 600 daily flights to 75 destinations in the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving the communities we serve. Come save with us at spirit.com. At Spirit Airlines, we go. We go for you.
WEST PALM BEACH, Fla., March 21, 2019 – The Sikorsky-Boeing SB>1 DEFIANT™ helicopter achieved first flight today at Sikorsky’s West Palm Beach, Fla., site. This revolutionary aircraft, developed by Sikorsky, a Lockheed Martin Company [NYSE: LMT], and Boeing [NYSE: BA], will help inform the next generation of military helicopters as part of the U.S. Army’s Future Vertical Lift program.
“The design and development of DEFIANT has revealed the capability
advancement that is truly possible for Future Vertical Lift,” said David
Koopersmith, vice president and general manager, Boeing Vertical Lift.
“Clearly, the performance, speed and agility of DEFIANT will be a game
changer on the battlefield and we look forward to demonstrating for the
U.S. Army the tremendous capabilities of this aircraft.”
With its two coaxial main rotors and a rear mounted pusher propulsor,
DEFIANT is unlike production rotorcraft available today. It represents a
leap forward in technology to achieve the U.S. government’s desire for
vast increases in speed and range while improving maneuverability and
survivability in a cost-effective way. DEFIANT aircraft’s use of X2™
Technology will allow the Army to penetrate from strategic standoff and
exploit gaps created in complex Anti-Access Area Denial systems against
near-peer adversaries.
“DEFIANT is designed to fly at nearly twice the speed and has twice
the range of conventional helicopters while retaining the very best, if
not better, low-speed and hover performance of conventional
helicopters,” said Dan Spoor, vice president, Sikorsky Future Vertical
Lift. “This design provides for exceptional performance in the objective
area, where potential enemy activity places a premium on
maneuverability, survivability and flexibility. We are thrilled with the
results of today’s flight and look forward to an exciting flight test
program.”
The helicopter is participating in the Army’s Joint Multi-Role-Medium
Technology Demonstrator program. Data from DEFIANT will help the Army
develop requirements for new utility helicopters expected to enter
service in the early 2030s. This flight marks a key milestone for the
Sikorsky-Boeing team and is the culmination of significant design,
simulation and test activity to further demonstrate the capability of
the X2 Technology.
X2 Technology is scalable to a variety of military missions such as
attack and assault, long-range transportation, infiltration and
resupply. DEFIANT is the third X2® aircraft in less than 10 years.
About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
WEST PALM BEACH, Fla., Feb. 27, 2019 /PRNewswire/ — Two fully assembled HH-60W Combat Rescue Helicopters (CRH), built by Sikorsky, a Lockheed Martin company (LMT), are preparing for their maiden flights, which will occur before mid-year at the Sikorsky West Palm Beach site in Florida.
Two HH-60W Combat Rescue Helicopters are at the Sikorsky Development Flight Center in West Palm Beach, Florida, in preparation for flight test. Photo courtesy of Sikorsky.
Both aircraft, which are being built for the U.S. Air Force, were transported late last year to West Palm Beach following final assembly at Sikorsky’s facility in Stratford, Connecticut. The aircraft test readiness review was completed in October 2018. The CRH HH-60W flight test team is currently preparing both aircraft for flight by conducting final installation of instrumentation and ground run testing. This marks formal entry into the flight test program that culminates in Ready Assets Available (RAA), allowing the Air Force to declare Initial Operational Capability (IOC).
“Having these initial HH-60W helicopters in West Palm Beach for flight test is an exciting time for the Sikorsky team. It is the first step toward a low rate initial production decision later this year, which will allow Sikorsky to provide a constant production flow of aircraft to the warfighter,” said Greg Hames, Sikorsky director, Combat Rescue Helicopter program. “This is the point in the program when Sikorsky begins providing new aircraft into the warfighters’ hands, initiating transition to the vastly more capable and reliable HH-60W Combat Rescue Helicopter.”
The first of the two HH-60W aircraft will enter flight test with the new Tactical Mission Kit. The integration of sensors, radar, and multiple defense systems will bring added intelligence into the cockpit, enhancing pilots’ situational awareness to complete missions, which is key to improving aircraft and isolated personnel survivability. Sikorsky’s HH-60W team completed the System Configuration Test Readiness Review milestones for the Tactical Mission Kit last year.
The HH-60W hosts a new fuel system that nearly doubles the capacity of the internal tank on a UH-60M Black Hawk, giving the Air Force crew extended range and more capability to rescue those injured in the battle space. The CRH specification drives more capable defensive system, vulnerability reduction, weapons, cyber-security, environmental, and net-centric requirements than currently held by the HH-60G.
“Our team is working every day to build and deliver a superior quality helicopter to the U.S. Air Force for this critical mission,” added Hames. “Both Sikorsky and the Air Force remain committed to achieving a low rate initial production decision this year and getting this much-needed aircraft to our air men and women out in the field.”
A total of nine aircraft will be built in Connecticut during the Engineering Manufacturing Development (EMD) phase of the program ― four EMD aircraft and five System Demonstration Test Articles. The Air Force program of record calls for 112 helicopters to replace its aging HH-60G Pave Hawk helicopters.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
-EBIT before special items(1) up 42% year-over-year to more than $1.0B on revenues of $16.2B for the year; EBIT increased 235% year-over-year to $1.0B
-2018 EBIT margin before special items(1) up 180 bps year-over-year to 6.3%; EBIT margin of 6.2%
-Full year free cash flow(1) of $182M, comprising proceeds from certain transactions, including $1.0B of cash generation in the fourth quarter; full year cash flows from operating activities of $597M
-Strong backlog growth at Business Aircraft and Transportation, with full year book-to-bill ratios(2) of 1.1 at both segments, and a consolidated backlog of $53.1B
-2019 guidance affirmed, clear path to achieve 2020 objectives
Bombardier (TSX: BBD.B) today reported its fourth quarter and full year 2018 results, highlighting solid margin growth, improved cash flows and continued progress executing its turnaround plan. The successful entry-into-service of the Global 7500 business jet in the fourth quarter also marked the completion of Bombardier’s heavy investment cycle, a key milestone in the company’s turnaround plan.
“2018 was a year of solid progress,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “We continued to strengthen our business and set a strong foundation for growth. A foundation that includes a refreshed portfolio of best-in-class products, industry-leading backlogs and a more streamlined cost structure, all of which gives us a clear path to achieve our 2020 objectives.”
“As we begin the fourth year of our turnaround journey, Bombardier is a much stronger company,” continued Bellemare. “Our major program risks are retired, our heavy investment cycle is behind us and our franchises are well positioned for growth. For 2019, we are focused on flawless execution of our rail projects, the ramp-up of the Global 7500 and entry-into-service of the Global 5500 and Global 6500. We will also continue to drive financial performance through disciplined capital allocation and improved productivity and efficiency across the organization.”
Bombardier’s 2018 consolidated revenues reached $16.2 billion, reflecting 3% average year-over-year growth across Transportation, Business Aircraft and Aerostructures, excluding currency impact. Book-to-bill ratios(2) at Transportation and Business Aircraft both equaled 1.1 for the year, demonstrating strong demand for Bombardier’s products and services. Bombardier’s consolidated backlog reached $53.1 billion at the end of 2018, supporting future growth targets.
EBIT before special items continued to improve in 2018, increasing 42% year-over-year from $725 million to more than $1.0 billion, the top-end of the company’s guidance. The 6.3% EBIT margin before special items in 2018 represents a strong 330 bps increase since the start of the turnaround plan in 2015, well above the 5-6% range originally targeted. On a reported basis, EBIT increased 235% year-over-year to $1.0 billion, representing a margin of 6.2%.
Bombardier generated $1.0 billion of free cash flow in the fourth quarter of 2018. Full year free cash flow generation equaled $182 million, at the high end of the company’s revised guidance. This amount includes aggregate net proceeds of approximately $750 million from the sale of the Downsview property and the monetization of royalties associated with the previously announced CAE transaction. Cash flows from operating activities amounted to $597 million for the full year, and to $1.3 billion in the fourth quarter. Bombardier ended the year in a solid cash position, with $3.2 billion in cash and cash equivalents.
Selected results
SEGMENTED RESULTS AND HIGHLIGHTS
Business Aircraft
Business Aircraft achieved a historical milestone in December 2018 with the on plan service entry of the largest and longest range industry flagship Global 7500 aircraft. With a strong backlog and unsurpassed performance in its category, the Global 7500 is expected to be Business Aircraft’s key growth driver for years to come.
Revenues, EBIT before special items and deliveries were in line with guidance for 2018.
The segment achieved industry leading deliveries at 137 aircraft for 2018, including 42 Global, 83 Challenger and 12 Learjet.
Continued progress on the aftermarket strategy drove a 14.3% revenue increase year-over-year. Further expansion of our service network was also announced with the groundbreaking for a new centre in Miami, Florida to service U.S. and Latin American customers.
During the year, Business Aircraft unveiled the new Global 5500 and Global 6500 aircraft featuring an all-new Rolls-Royce engine and a newly optimized wing, increasing the aircraft range and fuel burn performance. With flight testing at advanced stages, these performance-leading aircraft are expected to enter into service at the end of 2019.
Commercial Aircraft
In 2018, Commercial Aircraft significantly reshaped its portfolio, focusing on the CRJ Series program and its aftermarket business, while also participating in the growth of the A220 through its partnership with Airbus:
The C Series Partnership (CSALP) with Airbus closed on July 1, 2018, bringing together two complementary product lines and the benefit of Airbus’ global reach, creating significant value potential for the newly rebranded A220.
A definitive agreement was reached with Longview Aircraft Company of Canada Limited for the sale of the Q Series aircraft program assets, including aftermarket operations and assets, for gross proceeds of approximately $300 million, on November 7, 2018. The transaction is expected to close by the second half of 2019, subject to customary closing conditions and regulatory approvals. Net proceeds for this transaction are expected at approximately $250 million net of fees, liabilities and normal closing adjustments.
Revenues and aircraft deliveries for 2018 were in line with guidance on the basis of the deconsolidation of CSALP results from Commercial Aircraft since July 1, 2018.
EBIT loss before special items(11) was $157 million reflecting for the most part losses on the C Series program in the first half of the year and the post-closing CSALP equity pickup. EBIT loss of $755 million includes a $616 million pre-tax accounting charge related to the closing of the CSALP transaction.
Commercial Aircraft continues to actively participate in the regional aircraft market with the established scope-compliant CRJ Series aircraft, with a focus on reducing costs and increasing volumes while optimizing the aftermarket for the large installed base in service around the world today. As the focus is to return the program to profitability, Bombardier also announced in 2018 it is exploring strategic options for the program.
Aerostructures and Engineering Services
Aerostructures and Engineering Services is positioned as a key supplier on early life cycle growth programs, including the new A220 and Global 7500 aircraft, expected to drive sustainable growth.
In 2018, the segment revenues grew 21% year-over-year to $2.0 billion in line with guidance.
Focused execution during the ramp-up of these programs and a one-time favorable item (approximately 50 bps) associated with the closing of the C Series Partnership have enabled to deliver 9.6% EBIT before special items, above its guidance. EBIT margin for the segment was 7.5%.
On February 6, 2019, the Corporation acquired the Global 7500 aircraft wing program operations and assets from Triumph Group Inc., for a nominal cash consideration. This transaction is expected to strengthen Bombardier’s position as a leading aerostructures manufacturer, to enable the company to leverage its extensive technical expertise to support the ramp-up of the Global 7500 aircraft, and to enhance its long-term success. Bombardier will continue to operate the production line and integrate the employees currently supporting the program at Triumph’s Red Oak, Texas facility.
On February 7, 2019, Paul Sislian was appointed President, Aerostructures and Engineering Services. Paul brings more than 20 years of aerospace and industrial experience, including serving most recently as Chief Operating Officer for Bombardier Business Aircraft.
Transportation
On February 7, 2019, Danny Di Perna was appointed President, Bombardier Transportation. Danny brings more than 30 years of industrial experience to this new role. He has a proven record of success leading complex industrial projects and organizations, driving operational efficiency and improving quality. Most recently, Danny led Bombardier’s Aerostructures and Engineering Services segment.
In 2018, Transportation recorded orders totaling $9.9 billion, fueled by a $3.3 billion order intake in the fourth quarter. Book-to-bill(2) reached 1.5 for the fourth quarter, resulting in a 1.1 ratio for the full year, continuing to position the segment for growth in revenues and profitability, supported by strong industry fundamentals.
Order intake for the year reflects project wins across geographies, with notable contract awards in Europe, led by SNCF’s repeat order in France, in Asia led by the Singapore Metro contract, and North America with Airport and Mass transit mobility solutions for Phoenix and Los Angeles.
The backlog reached $34.5 billion as at December 31, 2018. The backlog growth (excluding currency fluctuations) was supported by a stronger mix of platform projects and increasing signalling and service contract orders, consistent with Transportation’s strategy to increase speed-to-market; provide customers with end-to-end solutions; de-risk project execution while also growing margins.
Subsequent to the fourth quarter, in January 2019, Transportation was awarded a contract to supply 113 new generation passenger rail cars valued at $669 million with options for up to 886 additional cars, by the New Jersey Transit Corporation.
Financial performance for 2018 positions Transportation to reach 2019 guidance:
Revenues grew 4% year-over-year to $8.9 billion, in line with guidance, supported by a favourable currency impact in the first half of the year (2% growth excluding currency impact). Services and signalling grew to over 34% of revenues for the year, as increasing focus turns to integrated customer solutions.
EBIT before special items grew to $750 million for the year, representing an 8.4% margin (EBIT of $774 million, or 8.7% margin). Fourth quarter margins before special items were 7.7% (10.9% EBIT margin), as a result of contract estimate adjustments largely associated with a legacy project, resulting in full year margins before special items, slightly below the 8.5% guidance.
As discussed at the Company’s December 2018 Investor Day, Transportation continues to advance a number of legacy projects. The Company has plans in place and is taking actions to finalize system integration, obtain homologation and align delivery schedules with customers. Bombardier expects to substantially complete deliveries on most of these projects and significantly recover working capital through 2019.
As the portfolio continues to improve, Transportation anticipates growing EBIT margins before special items to approximately 9% for 2019, in line with guidance.
CDPQ Investment in BT Holdco
The Company also announced that Transportation’s results in 2018 did not reach the performance targets underlying Caisse de dépôt et placement du Québec’s (CDPQ) investment in BT Holdco. Accordingly, for the 12-month period starting on February 12, 2019, Bombardier’s percentage of ownership on conversion of CDPQ’s shares will decrease by 2.5%, returning to the original 70%; and the preference return entitlement rate on liquidation of its shares will increase from 7.5% to 9.5% for this period. Any dividends paid by BT Holdco to its shareholders during this period will be distributed on the basis of each shareholder’s percentage of ownership upon conversion, being 70% for Bombardier and 30% for CDPQ. These adjustments will become effective once the audited consolidated financial statements of BT Holdco are duly approved by its board of directors.
Headquartered in Montréal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
São Paulo, Brazil, February 6th, 2019 – Embraer Defense & Security and its partner Sierra Nevada Corporation (SNC) were awarded a contract to deliver 12 A-29 Super Tucano light attack aircraft to the Nigerian Air Force.
“SNC is proud to work with our partner, Embraer Defense & Security, to build A-29s in support of the Nigerian Air Force in addressing their on-going training and security needs,” said Taco Gilbert, Senior Vice President of ISR, Aviation and Security (IAS) at SNC. “The combat-proven A-29 is designed and built for the mission in Nigeria. It’s the most reliable and cost-effective solution for basic and advanced flight and combat training, close air support operations, ISR (Intelligence, Surveillance, and Reconnaissance), counterinsurgency and irregular warfare scenarios.”
“The A-29 Super Tucano has become the global reference for light attack and advanced training with a proven track record in several combat zones around the world”, said Jackson Schneider, President and CEO of Embraer Defense & Security. “Embraer welcomes Nigeria as the latest member of this true international coalition that is helping bring peace to the world.” The A-29 is conducting combat missions on a daily basis in theaters around the world. It has more than 46,000 combat hours and more than 360,000 total flight hours. With the Nigeria order, the A-29 is the choice of 14 air forces worldwide.
In addition to its combat record, the A-29’s robust landing gear and enhanced clearance enable take-off and landing in even the most austere field conditions. The aircraft also offers exceptional dependability and accuracy in weapons delivery, making it highly effective in the light attack role.
The contract for the Nigerian Air Force includes ground training devices, mission planning systems, mission debrief systems, spares, ground support equipment, alternate mission equipment, contiguous U.S. interim contractor support, outside of continental U.S. (OCONUS) contractor logistic support and field service representatives for OCONUS support.
The aircraft will be produced in Jacksonville, Florida, and modified in Centennial, Colorado. The aircraft are expected to be delivered to Nigeria in line with the contract timelines, as part of a larger more comprehensive training and support package.
DENVER, Colo. – Low-fare carrier Frontier Airlines continues to add routes, announcing five more non-stop flights from Branson Airport (BKG), Cleveland-Hopkins International Airport (CLE), and Nashville International Airport (BNA). Service begins in spring 2019. To celebrate the addition of these new flights, Frontier is offering introductory one-way fares as low as $29*, available now on flyfrontier.com.
Routes & Frequency:
Branson:
Cleveland:
Nashville:
Frequency and times are subject to change, so please check FlyFrontier.com for the most updated schedule.
Additionally, Frontier is expanding service between Chicago (ORD) and both Fort Myers and Tampa into the summer season with flights twice/week to Fort Myers and 3 times/week to Tampa.
“With this announcement, Frontier has now added 34 new routes for 2019 across the country,” said Daniel Shurz, Senior Vice President, Commercial for Frontier Airlines. “We continue to make air travel more accessible and affordable and we look forward to making it easier for people to fly, and for people to fly more often.”
Frontier is focused on more than low fares. The carrier offers customers the ability to customize travel to their needs and budget. For example, customers can purchase options a la carte or in one low-priced bundle called the WORKSsm. This bundle includes refundability, a carry-on bag, a checked bag, the best available seat, waived change fees and priority boarding.
The airline’s frequent flier program, FRONTIER Miles lets members enjoy many benefits as well as attain Elite status. Like the airline, FRONTIER Miles is family friendly, and the program makes it easy for families to enjoy the rewards together, including family pooling of miles. FRONTIER Milesis aptly named, because you earn one mile for every mile flown – no funny formulas at Frontier. If a customer travels a little or a lot, they will find FRONTIER Miles rewarding.
Frontier flies one of the youngest fleets in the industry, the Airbus A320 Family of more than 80 jet aircraft. With nearly 200 new planes on order, Frontier will continue to grow to deliver on the mission of providing affordable travel across America. Frontier’s young fleet also ensures that the company will continue to keep fares low and that customers will enjoy a pleasant and reliable experience flying with the airline.
Frontier wants its customers to have more options when they fly and there is no fee for reservation changes made 90 days or more from the travel date. If you need to make a change between 89 and 14 days from departure, the fee is only $49. Changes made 13 days or less from travel cost $119. When making a change, customers just pay any increase in fare that applies.
*About Intro Fare Offer:
Fares must be purchased by 11:59 pm Eastern time on Jan. 17, 2019 for nonstop travel. Travel is valid Tuesdays, Wednesdays, Thursdays, or Saturdays dependent on days of operation through June 13, 2019. The following blackout date applies, May 28, 2019. Fares are one-way and do not require roundtrip purchase.
Airbus’ manufacturing growth in the United States advanced another step today in Mobile, Alabama, as construction of the company’s A220 Manufacturing Facility officially launched with a groundbreaking ceremony. The assembly line will satisfy the strong and growing U.S. demand for the A220 aircraft, the newest offering in Airbus’ commercial aircraft product line.
Tom Enders, CEO of Airbus, and Guillaume Faury, President Airbus Commercial Aircraft led the celebration and welcomed approximately 700 attendees including Airbus and other industry executives, Airbus manufacturing employees, state and national dignitaries, and local community leaders.
The new assembly line, which is the company’s second U.S.-based commercial aircraft production facility, will be located at the Mobile Aeroplex at Brookley adjacent to the A320 Family production line and will facilitate assembly of A220-100 and A220-300 aircraft for U.S. customers. Aircraft production is planned to begin in Q3 2019; with first delivery of a Mobile assembled A220 aircraft scheduled for 2020. The new A220 production facilities will be complete by next year.
Airbus has strong and longstanding ties to the United States, with Airbus aircraft being operated by the largest airlines in America. Additionally, Airbus is a major partner of U.S. aerospace companies and workers. In the last three years, Airbus spent $48 billion in the United States with hundreds of U.S. suppliers in more than 40 states, translating into Airbus support of more than 275,000 American jobs. Among its facilities in the U.S. Airbus has: engineering centers in Kansas and Alabama; a major training facility in Florida and soon one in Colorado; materials support and headquarters in Virginia; an A320 Family assembly line delivering aircraft in Alabama; an innovative think tank (A3 ) in California; a drone data analysis business (Airbus Aerial) in Atlanta, Georgia; helicopter manufacturing and assembly facilities in Texas and Mississippi; and a satellite manufacturing facility (OneWeb) in Florida.
The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and true widebody comfort in a single-aisle aircraft. The A220 brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines to offer at least 20 percent lower fuel burn per seat compared to previous generation aircraft. With a range of up to 3,200 nm (5920 km), the A220 offers the performance of larger single-aisle aircraft.
With an order book of more than 500 aircraft to date, the A220 has all the credentials to win the lion’s share of the 100- to 150-seat aircraft market estimated to represent at least 7,000 aircraft over the next 20 years.
