Tag: Purchase (Page 11 of 13)

Boeing, Biman Bangladesh Airlines Announce Order for Two 787-9 Dreamliner Jets

November 17, 2019 / WIL BALDWIN

Dreamliner family pivotal to airline’s strategy of operating a modern fleet
Biman pilots begin using Jeppesen Flite Deck Pro X to access mobile charts, navigational information to increase situational awareness

DUBAI, United Arab Emirates, Nov. 17, 2019 /PRNewswire/ — Boeing [NYSE: BA] and Biman Bangladesh Airlines (Biman) announced today at the 2019 Dubai Airshow that the carrier is expanding its 787 Dreamliner fleet with two additional airplanes valued at $585 million at list prices.

The purchase – recorded in October as an unidentified order on Boeing’s website – complements Biman’s fleet of 787-8 jets with the larger and longer-range 787-9 variant. The national flag carrier of Bangladesh says the addition of the 787-9 will help modernize its fleet and expand its international network.

“One of our key priorities is to have a modern fleet with technologically-advanced airplanes that will enable us to expand our international reach,” said Air Marshal Muhammad Enamul Bari, Former Chief of Air Staff, Chairman Board of Directors, Biman Bangladesh Airlines. “While we have a good domestic network, we plan to extend our international network to include more destinations in Europe, Asia and the Middle East. The 787 with its technological superiority, excellent operational performance and passenger experience will enable us to achieve that goal,” he added.

The 787-9 is part of a three-member family that offers long range and unmatched fuel efficiency in the 200 to 350 seat market. For Biman Bangladesh, the 787-9 can carry 298 passengers in a standard three-class configuration and fly up to 7,530 nautical miles (13,950 kms) while reducing fuel use and emissions by up to 25 percent compared to older airplanes.

“Biman Bangladesh is showing us the powerful potential of the Dreamliner family. Just last month, the airline launched a new non-stop flight from its hub in Dhaka to Medina, Saudi Arabia. It’s a great example of the 787-8 serving as a ‘market opener.’ And now, Biman adds the 787-9 which brings more seats, more range and more cargo-carry capability for the routes that need it. The two will form a profitable network solution for Biman,” said Stan Deal, president and chief executive officer, Boeing Commercial Airplanes.

Boeing also provides services that help Biman operate more efficiently. As part of a multiyear agreement, the airline’s pilots this year began using the Jeppesen Flite Deck Pro X electronic flight bag (EFB) platform to access mobile charts and navigational information, increasing their situational awareness on the ground and in the air.

Since entering service in 2011, the 787 family has enabled the opening of more than 250 new point-to-point routes and saved more than 45 billion pounds of fuel. Designed with the passenger in mind, the 787 family delivers an unparalleled experience with the largest windows of any commercial jet, large overhead bins with room for everyone’s bag, comfortable cabin air that is cleaner and more humid and includes soothing LED lighting.

KLM Firms Up Order for E195-E2 Jets, Adds Six Further Aircraft

November 12, 2019 / WIL BALDWIN

AMSTERDAM, Netherlands, Nov. 12, 2019 /PRNewswire/ — Embraer and KLM Cityhopper have signed a firm order for 21 E195-E2 aircraft, plus 14 purchase rights. The 21 firm positions will be acquired via operating lease from Embraer lessor partners Aircastle and ICBC Aviation Leasing. The order was previously announced as a Letter of Intent for 15 firm orders with 20 purchase rights at the Paris Air Show earlier this year. With all purchase rights exercised the deal would have a value of USD 2.48 billion.

The aircraft for this order will come from the existing backlogs of lessors Aircastle and ICBC Aviation Leasing; each providing KLM with 11 and 10 E195-E2s, respectively.

“KLM’s decision to add a further six aircraft to this order is a significant vote of confidence in our E2 programme”, said John Slattery, President and CEO, Embraer Commercial Aviation. “Delivering 30% lower emissions when compared to KLM’s current E190s, yet still providing a further 32 seats, the E195-E2 will simultaneously increase capacity for KLM at slot constrained Schiphol Airport, while also delivering huge reductions in emissions.”

KLM President & CEO Pieter Elbers, said, “For KLM this aircraft is a significant part of our commitment to improving our environmental impact. Not only is the E195-E2 the most fuel efficient lowest emission aircraft in its class, it is also the quietest by a considerable margin – a huge benefit for both our communities and our passengers.

KLM will configure the aircraft with 132 seats. Deliveries will begin in the first quarter of 2021.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers across the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 80 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline network carriers.

Helvetic Airways Receives its First Embraer E190-E2 Jet

October 31, 2019 / WIL BALDWIN

Zurich, Switzerland, October 31st, 2019 – In ceremony held at its headquarters in Zurich, Switzerland, Helvetic Airways officially received its first E190-E2 jet from Embraer. The airline has a contract for a firm order of 12 jets of this model, and purchase rights for a further 12 E190-E2, with conversion rights to the E195-E2, bringing the total potential order up to 24 E-Jets E2s.

“As the only Swiss airline to operate Embraer aircraft, Helvetic Airways already stands out from the competition,” said Martyn Holmes, Vice President Europe, Russia & Central Asia, Embraer Commercial Aviation. “And, with our state-of-the-art E190-E2, it now has the perfect aircraft, in terms of environmental sustainability and to maximize the profitability of its flight operations.”

Helvetic Airways CEO Tobias Pogorevc is pleased to have achieved this milestone. “After more than eighteen intensive months,” he commented, “it’s a sense of accomplishment that we feel most today. With the E190-E2, Helvetic Airways is entering a truly new era. Our state-of-the-art twinjet will make us one of Embraer’s leading European operators. And it gives us just the modern and environmentally friendly aircraft we need to continue our development.”

This E190-E2 aircraft marks the start of Helvetic’s fleet renewal program. The purchase rights for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities. Helvetic Airways is configuring the E190-E2 in a single class layout with 110 seats and will deploy the aircraft on several domestic and international routes.

The E190-E2 is the first of three new aircraft types that make up the Embraer E2 family of aircraft, developed to succeed the first-generation E-Jets. Compared to the first-generation E190, the E190-E2 burns 17.3% less fuel and nearly 10% less than its direct competitor. This makes it the most efficient single-aisle aircraft on the market. The E190-E2 brings more flexibility with maximum range of up to 3,293 miles (5,300 km), about 621 miles (1,000 km) more than the first-generation E190.

The E190-E2 also generates significant savings for airlines in terms of maintenance costs. It has the longest maintenance intervals with 10,000 flight hours for basic checks and no calendar limit in typical E-Jets utilization. This means an additional 15 days of aircraft utilization over a period of ten years.

Pilots of the first-generation E-Jets require only two-and-a-half days of training without the need for a full flight simulator in order to fly the E2, which decreases the training burden and saves both time and money for the airlines. The E2 cockpit features advanced Honeywell Primus Epic 2 integrated avionics. Combined with the closed-loop fly-by-wire controls, the systems work together to improve aircraft performance, decrease pilot workload and enhance flight safety.

From the passenger’s perspective, the E2 cabin features a comfortable two-by-two layout. The absence of a middle seat enables passengers to have an enjoyable flight experience with more legroom and additional luggage storage space.

Honeywell Forecasts 7,600 New Business Jet Deliveries Over Next Decade

October 20, 2019 / WIL BALDWIN

– 28th annual Global Business Aviation Outlook projects 2020 deliveries to be higher than 2019 as new models enter service

– Five-year purchase plans for new business jets down slightly, but plans to buy used jets grow significantly

– Long-range forecast predicts healthy market with steady annual growth

LAS VEGAS, Oct. 20, 2019 /PRNewswire/ — The business jet industry is expected to see strong growth in the short to medium term, supported by several new airplane models coming to the market, according to Honeywell’s (HON) 28th annual Global Business Aviation Outlook. Released today, the Global Business Aviation Outlook forecasts up to 7,600 new business jet deliveries worth $248 billion from 2020 to 2029, down 1 to 2 percentage points from the 2018 10-year forecast.

Honeywell Logo. (PRNewsFoto/Honeywell) (PRNewsfoto/Honeywell)

“Production ramp up on many new business jet platforms are expected to lead to a 7% increase in deliveries in 2020, following a strong projected growth in 2019 over 2018 aircraft deliveries,” said Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace. “We are confident that these new and innovative aircraft models will support solid growth in the short term and have a continuing impact on new business jet purchases in the midterm and long term.”

Key findings in the 2019 Honeywell global outlook include:

Operators plan to make new jet purchases equivalent to about 17% of their fleets over the next five years as replacements or additions to their current fleet, a decrease of 3 percentage points compared with 2018 survey results.
Of the total purchase plans for new business jets over the next 5 years, 35% are expected to occur in the first two years of the survey, with 57% of purchase plans realized by year three. This is 5 percentage points higher than last year’s survey.
Operators continue to focus on larger-cabin aircraft classes, from large cabin through ultralong-range aircraft, which are expected to account for more than 71% of all expenditures of new business jets in the next five years.

Click the link to view the full story from PRNewswire! https://www.prnewswire.com/news-releases/honeywell-forecasts-7-600-new-business-jet-deliveries-over-next-decade-valued-at-248-billion-300941512.html

Airbus and Air Austral Sign Purchase Agreement for 3 A220’s

October 14, 2019 / WIL BALDWIN

Air Austral, France’s Réunion Island-based airline, has signed a firm order for three A220 aircraft, Airbus’ newest family member. With this order Air Austral becomes the first A220 customer based in the Indian Ocean region. Benefitting from a 20% reduction in fuel burn and CO2 emissions, the A220s will enable Air Austral to reduce its costs and carbon footprint on international routes in the region.

“Air Austral has chosen the A220-300 as part of the renewal of its Medium and Short Haul fleet. These new-generation aircraft will join the airline from the end of 2020 with the aim of harmonising part of its fleet and strengthening its operations,” said Marie-Joseph Malé, Chief Executive Officer of Air Austral. The economic and operational performance of the A220 opens new possibilities for the development of our regional network from our main base – Réunion Island – in an efficient and rational way. The 132-seat capacity module, which is more flexible, will allow us to increase our frequencies while offering more comfort to our customers and crews,” he added.

“With its unrivalled performance and operational flexibility, the A220 is the perfect aircraft for Air Austral to reinforce routes between Réunion Island and its neighbours in the Indian Ocean, as well as connecting the island further afield,” said Christopher Buckley, Executive Vice-President Commercial – Airbus. “Airlines from all around the world are acknowledging the A220’s economics and it is a great honour that Air Austral will be the first A220 operator in the region.”

The design of the new clean sheet single-aisle aircraft allows for more seats, offering extra revenue potential to airlines, especially to those located in remote areas, and extra usable cargo volume capacity.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger 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 a 20% lower fuel burn per seat compared to previous generation aircraft, along with significantly lower emissions and a reduced noise footprint. The A220 offers the performance of larger single-aisle aircraft.

Amtrak Pacific Surfliner Introduces 13th Daily Roundtrip

October 11, 2019 / WIL BALDWIN

New service increases flexibility for customers traveling between Los Angeles and San Diego

ORANGE, Calif. – Oct. 10, 2019 – The Amtrak^®Pacific Surfliner^® will soon offer an additional train in each direction between Los Angeles and San Diego, giving customers expanded options for travel along the southern California coast. Tickets can now be purchased for travel beginning October 14.

A schedule change, effective Monday, October 14, features the addition of a 13^th Pacific Surfliner roundtrip between Los Angeles and San Diego. The new southbound Train 578 will depart Los Angeles at 1:15 p.m., arriving in San Diego at 4:12 p.m. Existing northbound Train 591 will be renumbered to Train 593. New Train 591 will depart San Diego at 5:25 p.m. and arrive in Los Angeles at 8:34 p.m.

“Each of the new trains will fill a nearly three-hour gap in our existing schedule, providing expanded possibilities for business and leisure travel between Los Angeles and San Diego,” said Al Murray, chairman of the Los Angeles–San Diego–San Luis Obispo Rail Corridor Agency, which oversees the Pacific Surfliner service. “We appreciate the support of the state of California, Amtrak, BNSF Railway, and our local member agencies in launching these additional trains, which mark the first expansion of Pacific Surfliner service in the past three years.”

The Pacific Surfliner travels along a 351-mile route through San Diego, Orange, Los Angeles, Ventura, Santa Barbara, and San Luis Obispo counties, with portions of the route hugging the Southern California coastline. As part of the new schedule, minor changes are also being made to arrival and departure times of other Pacific Surfliner trains to improve reliability and coordination with other trains.

“This service expansion represents the initial benefit of a decades-long, multi-hundred million dollar capital investment by the state of California to add a third track and grade separations between Los Angeles and Fullerton, which will greatly expand capacity and reduce delays for passenger and freight trains on this busy rail corridor,” said Chad Edison, chief deputy secretary for rail and transit at the California State Transportation Agency.

“We look forward to adding additional passenger rail service in the near future, taking full advantage of the new frequencies enabled by the completion of this project.”

With almost 3 million riders in 2018, the Pacific Surfliner is the busiest state-supported intercity passenger rail route in the United States and will now offer a total of 26 trains a day between Los Angeles and San Diego.

All Pacific Surfliner trains feature comfortable, reclining seats with power outlets, Wi-Fi, bike and luggage racks, a free and generous baggage policy, and an onboard Market Café that offers fresh food, snacks and beverages, including California wines, cocktails and local craft beer.

“As the second busiest rail corridor in the United States, the Pacific Surfliner has generated significant demand for customers,” said Amtrak President and CEO Richard Anderson. “The LOSSAN Rail Corridor Agency alongside the state of California had a vision to expand transportation and we are thrilled to see that investment realized. With service that connects major cities along the Southern California Coast – this increased service offers a significant benefit to customers.”

Ticketing and reservations are available on PacificSurfliner.com, Amtrak.com, Amtrak mobile apps, or by calling 800-USA-RAIL. Boarding documents can be self-printed, or customers using a smartphone or mobile device can present the eTicket to the conductor by opening a document in their email.

*Photo courtesy of the LOSSAN Rail Corridor Agency*

United Airlines CRJ-550 Tickets Available for Purchase Starting Saturday, October 12

October 11, 2019 / WIL BALDWIN

First flight on the world’s only two-cabin, 50-seat aircraft starts Oct. 27 from Chicago O’Hare to Harrisburg, Pennsylvania

CHICAGO, Oct. 10, 2019 /PRNewswire/ — United Airlines today announced tickets for its newest regional fleet member, the Bombardier CRJ-550, will be available for purchase starting Saturday, October 12 for travel beginning Sunday, October 27. The initial schedule includes 15 cities from Chicago O’Hare.

The CRJ-550 is the world’s only 50-seat regional aircraft to offer true first-class seating and other premium amenities, including:

Space for every customer to bring a roller bag on board.
A self-serve refreshment center for United First customers featuring a wide assortment of snacks and beverages.
More overall legroom per seat than any other 50-seat aircraft flown by a U.S. airline.
The ability to stay connected while in flight with United Wi-Fi.

Additional cities will be added over the coming weeks from United hubs in Chicago, New York/Newark and Washington Dulles.

Every customer. Every flight. Every day.

In 2019, United is focusing more than ever on its commitment to its customers, looking at every aspect of its business to ensure that the carrier keeps customers’ best interests at the heart of its service. In addition to today’s news, Unitedrecently announced that MileagePlus miles will now never expire, giving members a lifetime to use miles on flights and experiences. Customers now have more free on board snack options as well, with a choice of Lotus Biscoff cookies, pretzels and the Stroopwafel. The airline also recently released a re-imagined version of the most downloaded app in the airline industry, introduced ConnectionSaver – a tool dedicated to improving the experience for customers connecting from one United flight to the next – and launched PlusPoints, a new upgrade benefit for MileagePlus premier members.

About United

United’s shared purpose is “Connecting People. Uniting the World.” We are more focused than ever on our commitment to customers through a series of innovations and improvements designed to help build a great experience: Every customer. Every flight. Every day. Together, United and United Express operate approximately 4,900 flights a day to 356 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world’s most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C.United operates 788 mainline aircraft and the airline’s United Express partners operate 560 regional aircraft. United is a founding member of Star Alliance, which provides service to 193 countries via 27 member airlines. For more information, visit united.com, follow @United on Twitter and Instagram or connect on Facebook. The common stock of United’s parent, United Airlines Holdings, Inc., is traded on the Nasdaq under the symbol “UAL”.

Mitsubishi Aircraft Signs MOU for 100 SpaceJet Planes

September 5, 2019 / WIL BALDWIN

(Reuters) – Mitsubishi Aircraft Corp and Mesa Airlines Inc, a regional airline operator, entered into a memorandum of understanding to begin talks on purchase of 100 SpaceJet M100 aircraft.

The aircraft is a revamped version of Mitsubishi’s smaller jet MRJ70, designed to carry 65 to 88 people.

Under the MOU, the companies target 50 firm orders and purchase rights for an additional 50 planes.

The deliveries to the unit of Mesa Air Group <MESA> would begin in 2024, Mitsubishi said in a statement.

(Reporting by Soundarya J in Bengaluru; Editing by Shailesh Kuber)

Boeing & KLM Announce Order for Two 777 Jets

September 3, 2019 / WIL BALDWIN

New purchase will grow KLM’s 777 fleet to over 30 airplanes, increasing network flexibilityAdditional 777 jets to complement carrier’s growing 787 Dreamliner fleet

AMSTERDAM, Sept. 2, 2019 /PRNewswire/ — Boeing [NYSE: BA] and KLM Royal Dutch Airlines (AFLYY) today announced that the carrier has ordered two more 777-300ER (Extended Range) airplanes as it continues to operate one of Europe’s most modern and efficient fleet.

The order, valued at $751 million at current list prices, was previously attributed to an unidentified customer on Boeing’s Orders & Deliveries website.

“KLM is one of the world’s leading network carriers and an aviation pioneer and we are delighted the airline has once again selected the Boeing 777-300ER to strengthen its long-haul fleet for the future,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. “KLM’s continuing interest in the 777-300ERs shows the enduring appeal and value of the 777, thanks to its outstanding operating economics, superior performance and popularity among passengers.”

The 777-300ER can seat up to 396 passengers in a two-class configuration and has a maximum range of 7,370 nautical miles (13,650 km). The airplane is the world’s most reliable twin aisle with a schedule reliability of 99.5 percent.

Operating out of its home base in Amsterdam, the KLM Group serves a global network of 92 European cities and 70 intercontinental destinations with a fleet of 209 aircraft. The carrier operates 29 777s, including 14 777-300ERs. It also flies 747s and the 787 Dreamliner family.

KLM, the world’s oldest airline still operating under its original name, is celebrating its centenary this year. In 2004 it merged with Air France to create Europe’s largest airline group. The Air France-KLM Group is also one of the largest operators of the 777 family with nearly 100 between the combined fleets.

Apollo and Athene to Acquire PK AirFinance From GECAS

August 29, 2019 / WIL BALDWIN

NEW YORK, Aug. 29, 2019 (GLOBE NEWSWIRE) — Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (APO); Athene Holding Ltd. (ATH); and GE Capital, the financial services arm of GE (GE), today announced that they have entered into a definitive agreement for Apollo and Athene to purchase PK AirFinance, an aviation lending business, from GE Capital’s Aviation Services (GECAS) unit. In connection with this transaction, Apollo will acquire the PK AirFinance aircraft lending platform and Athene will acquire PK AirFinance’s existing portfolio of loans.

PK AirFinance is a leading aircraft lending business that serves airlines, aircraft traders, lessors, investors and financial institutions globally with loans to borrowers in more than 40 countries. Financial details of the transaction were not disclosed, although the $3.6 billion of PK AirFinance financing receivables that were held for sale in the second quarter of 2019 are being sold at a premium to book value in this transaction.

Alec Burger, GE Capital President & CEO, said, “Apollo’s vast lending experience, complementary platforms, and exceptional track record across diversified assets and geographies make it the ideal partner to accelerate PK AirFinance’s growth. This sale is aligned to GE Capital’s overall strategy to become smaller and simpler, and our commitment to reduce our assets by $10 billion in 2019 is now more than halfway complete. We continue to focus on shrinking GE Capital’s balance sheet, achieving a debt-to-equity ratio of less than 4x by 2020, and supporting GE Industrial growth through our remaining GECAS, Energy Financial Services, and Industrial Finance businesses.”

Jim Belardi, CEO of Athene, said, “This transaction provides us with a unique opportunity to acquire a large, diversified portfolio of high-quality loans with attractive risk-adjusted returns. In addition, this deal is another great example of the unique benefits of our strategic relationship with Apollo and its commitment to building direct origination platforms in support of the continued growth of our business.”

James Zelter, Co-President of Apollo, said, “We are very excited to be acquiring the PK AirFinance platform which, under GE’s outstanding stewardship, has become one of the world’s leading aircraft lending businesses, and is highly complementary to our existing aircraft leasing capabilities. This transaction also demonstrates our ongoing commitment to meet the investment needs of Athene and our clients, and is consistent with our objective to continue to expand Apollo’s capabilities to directly originate high quality assets.”

PK AirFinance’s team of investment professionals, who primarily focus on originations and syndications as well as underwriting and portfolio management, will transfer to Apollo upon completion of the transaction.

Per Waldelof, president of PK AirFinance, said, “We have a great team of experts with tremendous execution capabilities and a proven ability to deliver results. We are confident that this transaction will ensure the continued stability of our business. We are excited for the opportunity to continue to serve our customers and the industry as part of the team at Apollo.”

The completion of the acquisition is subject to customary conditions and is expected to close during the fourth quarter of 2019. Citi and Goldman Sachs & Co. LLC provided financial advice and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Clifford Chance LLP provided legal advice to GE Capital. Citi, RBC Capital Markets, and Mizuho provided debt financing for the transaction, and RBC Capital Markets served as financial advisor to Apollo.

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