Tag: cost (Page 12 of 16)

Spirit Airlines Looking at Airbus and Boeing Planes for Growth, Debuts WhatsApp

August 26, 2019 / WIL BALDWIN

LAS VEGAS (Reuters) – Spirit Airlines <SAVE>, a fast-growing, low-cost U.S. carrier that flies an all-Airbus SE <EADSY> fleet, is looking at both the Airbus A321neo and a larger Boeing Co <BA> aircraft to fuel its growth, Chief Executive and President Ted Christie said on Monday.

“The A321neo is certainly something we’re looking at, but we’re also in conversations with Boeing about their larger airplane too, so it’s all on the table,” Christie said at an aviation conference.

(Reporting by Tracy Rucinski; Editing by Steve Orlofsky)

MIRAMAR, Fla., Aug. 26, 2019 (GLOBE NEWSWIRE) — Spirit Airlines, the fastest growing airline in the United States, continues its commitment to invest in the Guest experience with an industry-leading technology to connect with its Guests via the messaging application WhatsApp. Beginning in September, the technology, powered by global conversational commerce solutions provider LivePerson, will open a new direct line of communication between Spirit’s English and Spanish-speaking Guest Relations and Reservations teams and the millions of Spirit Guests in the United States, the Caribbean, and Latin America, who already use WhatsApp every day.

“We launched this service to better connect with our Guests, both domestically and abroad, as many have told us that they would rather communicate on a familiar and convenient service like WhatsApp,” said Bobby Schroeter, Vice President of Sales & Marketing at Spirit Airlines. “We know WhatsApp is incredibly popular in the United States, but also in the more than two dozen destinations we serve in the Caribbean and Latin America. From travel updates to adding a bag to your reservation, this new messaging service allows Guests to communicate with us in English and Spanish and to opt in to WhatsApp messaging. It is all part of our goal to elevate and improve our Guest experience.”

The launch of WhatsApp support comes as a direct result of Spirit’s new partnership with LivePerson, a global leader in conversational commerce solutions. Beyond WhatsApp, the partnership also makes it possible for Spirit Guests who call to get immediate support by opting to begin a messaging conversation with Spirit representatives instead.

These new Guest solutions will also leverage LivePerson’s new AI-powered Maven Assist capability, which recommends the optimal next actions for human agents to take, including surfacing content or suggesting virtual assistants capable of responding to a Guest’s intent. Guests will still retain the ability to message with a live representative at any time during the process to address questions, comments and situations that are best suited for a live specialist.

“We’re excited to enable this new connection for America’s fastest growing airline, providing a powerful, engaging way for Guests to connect with Spirit on their own time,” said Rick Winnard, Global Head of Gainshare Programs at LivePerson. “Guests want to be able to ask questions, add products, and get immediate help without waiting, and with Spirit we’re making it possible for them to do so in the messaging channels they prefer.”

In addition to new WhatsApp and messaging support, Spirit will continue to serve its Guests via its social media channels, on Twitter and Facebook. Over the past two years, Spirit has heavily invested in the Guest experience touching all aspects of the journey, including on-time performance, Guest care technology, and in-flight products.

L.J. Aviation Grows Fleet with Addition of Two Bombardier Challenger 350 Business Jets

August 25, 2019 / WIL BALDWIN

Two new Challenger 350 business jets recently added to L.J. Aviation’s existing fleet of more than 40 aircraft under management
The Challenger 300 aircraft series continues to outperform the competition as the fastest business jet in history to reach 300 deliveries in the medium and large categories and as the best-equipped aircraft in its class
With the widest and quietest cabin, smoothest ride and lowest operating costs in its category, the Challenger 350 aircraft delivers an unrivalled experience

Bombardier is pleased to announce that L.J. Aviation, a world-class aircraft flight management and charter aircraft company, has expanded its fleet with its latest addition of two industry-leading Challenger 350 aircraft. The high-performing Challenger 350 business jets join the company’s existing fleet of 40 aircraft and are available for charter in the Mid-Atlantic States.

“We are thrilled to receive our Challenger 350 aircraft,” said Ed Kilkeary Jr., President, L.J. Aviation. “It delivers everything we want in a business jet: outstanding performance, a comfortable and productive environment, and advantageous operating costs. The Challenger 350 aircraft is a sound investment that will make the most of our passengers’ time.”

Extending its offering with two new industry-leading Challenger 350 business jets, L.J. Aviation currently manages and operates five Challenger 300 series business jets, one Challenger 604 aircraft and a Global 5000 aircraft.

In the last decade, the Challenger 300 aircraft series has accounted for more deliveries than any other business jet platform in the industry. The Challenger 350 aircraft builds upon this remarkable legacy of leadership and continues to take centre stage in the super mid-size segment.

“We are proud of our long-standing relationship with L.J. Aviation, and we are extremely pleased that they have added two Challenger 350 aircraft to their fleet,” said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. “This business jet is world-renowned as the leader in the super mid-size segment, and with good reason. A stunning cabin, smooth ride and exceptional value proposition all make the Challenger 350 aircraft an ideal choice for customers.”

With a true full seats, full fuel, 3,200 nautical mile range, the Challenger 350 aircraft is an efficient and reliable business tool with proven performance. Delivering comfort without compromise, the Challenger 350 jet was recently recognized by Robb Report Magazine as the Best of the Best super mid-size aircraft for the second consecutive year.

FreightCar America Closing its Roanoke Manufacturing Facility

July 22, 2019 / WIL BALDWIN

Closure represents next step in the Company’s long-term cost and footprint reduction strategies
When complete in early 2020, the Company is expected to save $5 million per year in fixed costs

CHICAGO, July 22, 2019 (GLOBE NEWSWIRE) — FreightCar America, Inc. (RAIL) announced today that it has started the process to permanently close its Roanoke, Virginia manufacturing facility. The Company will retain the necessary workforce to build cars at the facility through November.

“The closure of our Roanoke facility is another next step in our ‘Back to Basics’ strategy as we continue to streamline our manufacturing footprint and match it to our future product offering,” said Jim Meyer, President and Chief Executive Officer of FreightCar America. “Reducing our fixed costs and achieving world-class output from our much larger Shoals facility have always been core pillars of our turnaround strategy.”

Meyer added, “We have spent the last two years building our talent, processes and overall capabilities at Shoals and the plant is now in a position to accept the Roanoke models and volume. This action, when complete in the first half of 2020, is expected to save approximately $5 million per year.”

Meyer concluded, “Our people at Roanoke have consistently performed above all expectations. We are extremely thankful for everything they have given the Company.”

The Company will offer select employees the opportunity to relocate to other parts of the business.

About FreightCar America

FreightCar America, Inc. manufactures a wide range of railroad freight cars, supplies railcar parts and leases freight cars through its FreightCar America Leasing Company subsidiaries. FreightCar America designs and builds high-quality railcars, including bulk commodity cars, covered hopper cars, intermodal and non-intermodal flat cars, mill gondola cars, coil steel cars, boxcars and coal cars. It is headquartered in Chicago, Illinois and has facilities in the following locations: Cherokee, Alabama; Grand Island, Nebraska; Johnstown, Pennsylvania; Roanoke, Virginia; and Shanghai, People’s Republic of China. More information about FreightCar America is available on its website at www.freightcaramerica.com

Geir Karlsen Appointed Interim CEO of Norwegian Air

July 11, 2019 / WIL BALDWIN

OSLO (JULY 11, 2019) – After 17 years as the CEO of Norwegian Air Shuttle, Bjørn Kjos will leave the position and continue in a new role as an advisor to the Chairman, with effect from July 11th. Until Norwegian appoints a new CEO, CFO Geir Karlsen will act as interim CEO, while Chairman Niels Smedegaard will take on a more active role in the management.

“I am very pleased Bjørn will remain at the company as an advisor to the Board and the Chair. As Norwegian moves from growth to profitability, it will be an advantage for the company to benefit from Bjørn’s extensive network, in-depth knowledge of and experience with global aviation. We have already started the process of recruiting a permanent new CEO,” said Niels Smedegaard, Chairman of the Board of Directors at Norwegian.

“I am confident that the Board of Directors will find the best qualified successor to lead the next chapters of the Norwegian story together with the top management team. Leaving the exciting future tasks to a new CEO and taking on a new challenge as an advisor, is a set-up I am very happy with. I look forward to spending more time working on specific strategic projects that are crucial to the future success of Norwegian,” said Bjørn Kjos.

Bjørn Kjos is one of the founders of Norwegian Air Shuttle. During his tenure as CEO, the company has developed from a small domestic operation with 130 employees and four aircraft to a global and award-winning low-cost airline with more than 11,000 employees and 162 aircraft.

“Bjørn has played an unprecedented role in Norwegian’s success. His vision of offering affordable fares for all, combined with his enthusiasm and innovating spirit, has revolutionized the way people travel for pleasure and for business, not least between the continents. Bjørn is definitely one of the most influential European entrepreneurs of our time,” Smedegaard said.

Following a demanding period of financial and operational challenges, fueled by significant investments, Norwegian changed its strategy from growth to profitability in 2018. Going forward, the company will harvest from its rapid global growth and investments. Running a profitable business and boosting company value to the benefit of shareholders, customers and employees will be key for the CEO going forward.

“We have to ensure that Norwegian is well prepared and positioned to handle volatile markets and unexpected events. It is crucial that we continue to deliver on our cost reduction initiatives and that we constantly ensure that we have a route portfolio that yields profit. It is also important that the new CEO develops an organization that embraces continued improvement and operational excellence,” Smedegaard added.

Niels Smedegaard
Niels Smedegaard (born 1962) was the President and CEO of DFDS from 2007 to 2019. He has previously held leading positions in companies such as Gate Gourmet Group, Swissair and SAS. Smedegaard is a Danish citizen and holds a Master’s and Bachelor’s degree from Copenhagen Business School. He also holds a number of board appointments at various European companies. Niels Smedegaard has been elected Chairman of the Board of Norwegian for the period 2019 to 2021.

Bjørn Kjos
Bjørn Kjos (born 1946) has been the Chief Executive Officer (CEO) of Norwegian since October 2002. He is one of the founding partners of Norwegian Air Shuttle and was the Chairman of the Board from 1993 to 1996. Kjos was also Chairman during the start-up of the Boeing 737 operation from June to September 2002. Kjos was a fighter pilot in the 334 squadron for six years and is a law graduate from the University of Oslo. He was granted the right of audience in the Supreme Court in 1993.

Geir Karlsen
Geir Karlsen (born 1965) was appointed Chief Financial Officer (CFO) in April 2018 and deputy CEO in April 2019. He has extensive experience from listed companies within shipping and offshore. Geir Karlsen has over the last 12 years held various CFO positions with international companies such as Golden Ocean Group and Songa Offshore. Before joining Norwegian, he was Group CFO at London-based Navig8 Group, the world’s largest independent pool and management company. Karlsen has a degree in Business Administration from BI Norwegian Business School.

Immediately following the presentation of the results for the second quarter, Norwegian will arrange a press briefing with Niels Smedegaard, Bjørn Kjos and Geir Karlsen about the top management changes. The presentation of the results and the press conference will take place at Felix Conference Center, Bryggetorget 3. The Q2 results presentation starts at 08:30, Central European Time.

Boeing Deliveries Fall 37%

July 9, 2019 / WIL BALDWIN

(Reuters) – Boeing Co said on Tuesday its deliveries fell about 37% to 239 planes in the first half of 2019, hurt by the grounding of its best-selling 737 MAX jets, putting it on track to lose the world’s biggest planemaker title after eight years.

Boeing’s deliveries lagged those of European rival Airbus SE, which handed over as many as 389 planes in the same period, up 28% from a year earlier, according to sources.

A new problem identified with the grounded MAX jets last month has delayed the aircraft’s entry into service until at least the end of September, disrupting schedules for airline operators and possibly adding to costs for Boeing.

The American planemaker’s net orders for the first six months was in the negative, with a total of minus 119 net orders. Boeing had minus 125 net orders as of the end of May.

Deliveries of the MAX aircraft were stopped in March, a few days after an Ethiopian Airlines crash killed all 157 people on board. Since then, Boeing has not reported any new order for the MAX planes.

Last month, British Airways-owner IAG signed a letter of intent to order 200 MAXs.

Boeing shares were down 0.5% at $349.4 in morning trade.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur and Anil D’Silva)

Bombardier Launches the Learjet 75 Liberty

July 2, 2019 / WIL BALDWIN

July 2, 2019 Montréal Aviation, Business Aircraft, Press Release

Newest Learjet gives light jet passengers the freedom to stretch out with a six-seat configuration in the category’s longest cabin
The Learjet 75 Liberty is a step up for light jet operators, delivering better performance for the same operating costs as the competition
With a list price of $9.9 million U.S., the Learjet 75 Liberty puts the world’s best light jet within reach of more customers than ever
The Learjet 75 Liberty is expected to enter service in 2020

Bombardier is proud to unveil the Learjet 75 Liberty, offering more light jet operators than ever before the opportunity to step up into the iconic platform that launched business aviation in America.

Passengers who step into the six-seat Learjet 75 Liberty will have the freedom to stretch out in the only Executive Suite in the light jet category, aboard a stunning cabin that delivers the quietest and smoothest ride.

The Learjet 75 Liberty will be offered at a list price of $9.9 million U.S., with first deliveries expected in 2020. This exceptional value proposition represents a new frontier for the Learjet brand.

“The Learjet 75 Liberty represents a step up for customers in the light jet segment, with unprecedented spaciousness and Bombardier’s renowned smooth ride,” said David Coleal, President, Bombardier Aviation. “The newest member of the Learjet family delivers a flight experience that eclipses the competition.”

The Learjet 75 Liberty offers better performance at the same operating costs as competitor aircraft. The Learjet 75 Liberty is the fastest aircraft in the light jet segment and has a greater reach than the competition. Its range of 2,080 nautical miles can connect Las Vegas to New York, Seattle to Washington, D.C., and Mexico City to San Francisco, nonstop.*

Featuring a flat floor throughout the cabin, a standard pocket door between the cockpit and the Executive Suite providing the quietest flight experience and a Gogo ATG 4G solution for seamless connectivity, the Learjet 75 Liberty offers an environment tailored for productivity.**

The Learjet 75 Liberty aircraft is certified to the FAA’s more stringent Part 25 regulations, applicable to commercial airliners, unlike most competitors in the light jet category that are certified to Part 23 regulations.

Learjet aircraft are preferred by pilots for their impressive handling characteristics and outstanding performance. The Learjet 75 Liberty will feature the advanced Bombardier Vision flight deck, and include the recently announced Garmin G5000 avionics upgrade.

Proudly assembled by a world-class team in Wichita, Kansas, Learjet aircraft represent the pinnacle of American ingenuity.

“I’m extremely proud that the Learjet 75 Liberty will be built in Wichita, where the Learjet dream first took flight,” said Tonya Sudduth, Vice President of Operations and Wichita Site, Bombardier Aviation. “Our Wichita facility today has a diverse mandate supporting Bombardier’s extensive fleet of business aircraft, but to introduce the newest member of this iconic brand is of special significance to our team.”

Cessna Citation Excel, XLS Receive Garmin G5000 Certification

July 1, 2019 / WIL BALDWIN

WICHITA, Kan. (July 1, 2019) – Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced that the Garmin International G5000 integrated flight deck is now available for the Cessna Citation Excel and Citation XLS. The G5000 modernizes the cockpit, solves parts obsolescence and addresses mandate requirements, while also offering a lower cost of operation.

“The Citation Excel and Citation XLS continue to be two of the most popular business jets in the world,” said Kriya Shortt, Textron Aviation senior vice president, Global Customer Support. “The G5000 will modernize the cockpit to offer customers additional situational awareness, lower cost of operation and an improved in-flight experience in the aircraft they already know and love.”

The G5000 integrated flight deck for the Citation Excel and Citation XLS features three landscape-oriented displays with split-screen capability, intuitive touchscreen controllers, and geo-referenced Garmin SafeTaxi airport diagrams. New to the Citation Excel, emergency descent mode is available as a standard feature with the G5000 and is enabled by the autopilot in the event of a loss in aircraft pressurization. Additionally, operators gain access to more airports and lower approach minimums throughout the world as the G5000 has PBN/RNP 0.3 with LPV/APV approach capability.

The G5000 integrated flight deck upgrade is available immediately for Citation Excel and Citation XLS aircraft at Textron Aviation Service Centers and select Garmin dealers.

Textron Celebrates Delivery of 300th Cessna Citation CJ4

June 28, 2019 / WIL BALDWIN

WICHITA, KS (June 27, 2019) – Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, celebrated its leadership of the light jet segment with the delivery of the 300th Cessna Citation CJ4, the industry’s top performing aircraft in this segment. The milestone aircraft was delivered today to McNeilus Steel, based in Dodge Center, Minnesota.

“The Citation CJ4 continues to be a standout in the light jet segment due to its combination of high performance, low operating costs and class-leading cabin amenities,” said Rob Scholl, Textron Aviation senior vice president, Sales and Marketing. “Our light jet product range, led by the Citation CJ4, continues to pace this segment globally in terms of deliveries, primarily because customers appreciate what they get in terms of productivity and value.”

Founded in 1948, McNeilus Steel is a family owned metals distribution business and employs more than 450 people across locations in Dodge Center, Minnesota, Fargo, North Dakota, and Fond du Lac, Wisconsin. McNeilus is upgrading to full ownership of a CJ4, having been a fractional owner of a Cessna Citation CJ1+ since 2016.

“Our reputation is built on customer service and our Citation CJ4 will help us strengthen that reputation through even more personal interaction with our customers,” said Levi McNeilus, director of Purchasing at McNeilus.

Introduced in 2010, the Citation CJ4 is the largest of the Cessna light jet family of aircraft that includes the Citation CJ3+ and the Citation M2. The CJ4 allows customers to go further with the leading range-to-payload ratio and a best-in-class IFR range of 1,926 nautical miles (3,567 km) with a maximum cruise speed of 451 knots (true airspeed).

The CJ4 is certified for single pilot operation, has seating for nine passengers and includes a notable 1,040-pound baggage capability. Other features include single point refueling, an externally serviceable lavatory and excellent range, delivering what crew and cabin passengers appreciate.

Leading the light jet segment

Cessna Citations continue to lead this segment, with over 5,000 light jets delivered throughout the world, offering customers the broadest range of products on the market. From the popular entry level Cessna Citation M2, to the upgraded efficiency and comfort of the CJ3+ and the leading CJ4, Textron Aviation’s Citation family of light business jets has evolved to offer a range of capabilities, systems and options unmatched in its class.

TAROM Selects ATR 72-600 to Renew its Regional Fleet

June 27, 2019 / WIL BALDWIN

Major fleet upgrade with nine modern turboprops providing increased seat capacity, lowest operating costs and best environmental performance

Toulouse, 26 June, 2019 – TAROM, the Romanian national air carrier, will introduce nine new ATR 72-600 aircraft, the market-leading product of the world’s number one regional aircraft manufacturer, into its fleet. The ATR 72-600 will be leased from NAC, the world’s number one regional aircraft lessor. Deliveries will commence in October 2019 through to 2020.

TAROM has been very successful in its domestic market operations by using ATRs to allow it to compete with low cost carriers. This upgrade will ensure that the airline is equipped with the latest generation of turboprops burning 40% less fuel and emitting 40% less CO2 than regional jets.

New ATRs will offer TAROM an additional 330,000 seats every year at the same operating cost as its previous seat level, improving short haul connectivity in Romania and supporting the development of local and more isolated communities. This will provide TAROM with the possibility to further expand and consolidate their position in the market.

TAROM Chief Executive Officer Madalina Mezei said: “We have selected ATR after a comprehensive review of competing aircraft, with the ATR 72-600’s demonstrating they are the best aircraft to meet our ambitious targets regarding efficiency, modern technology and environmental responsibility. With this aircraft, we will be able to develop new routes and increase frequency and seat availability, whilst introducing the highest levels of comfort and the latest technology into our domestic network.”

“We are very proud to welcome TAROM as our newest customer,” said Martin Møller, Chairman of Nordic Aviation Capital “we are confident that the ATR 72-600 aircraft will ensure efficiency in their network for many years to come. We thank TAROM for the confidence they have placed in NAC, and we look forward to building and strengthening our relationship with them in the future.”

Stefano Bortoli, Chief Executive Officer of ATR commented: “TAROM is among Europe’s most experienced ATR operators. We are proud to see this long-time customer renew its partnership with the ATR 72-600, the regional aircraft with the best environmental credentials. TAROM made its selection after a vigorous evaluation and in selecting the ATR 72-600 they chose more efficiency, more flexibility and more capacity, for long-term benefits.”

TAROM and ATR have been working together for 20 years. The Romanian national airline operates a fleet of 25 aircraft, including seven ATR 42-500’s and two ATR 72-500’s which are now to be traded in for the announced nine 72-600’s.

About TAROM:
The Romanian National Air Transport Company TAROM has been established in 1954 and grew at the same time as Romanian aviation. TAROM’s activity is subordinated to the authority of the Ministry of Transports. TAROM is member of the Alliance SkyTeam starting from June 2010, member of the International Air Transport Association (IATA) starting from 1993.

Qantas Orders 10 A321XLR’s, Converts 26 Additional Aircraft

June 19, 2019 / WIL BALDWIN

SINGAPORE (Reuters) – Australia’s Qantas Airways Ltd said on Wednesday it would order 10 Airbus SE A321XLR jets and convert another 26 from a prior order to the new long-range model.

That will take its total A320neo family order to 109 planes, from 99 previously.

The A321XLR jets, to be delivered from mid-2024, have a 4,700 nautical mile range that will allow Qantas or its low-cost arm Jetstar to perform longer-range flights in narrow body jets.

“It can fly routes like Cairns-Tokyo or Melbourne-Singapore, which existing narrow-bodies can’t, and that changes the economics of lots of potential routes into Asia to make them not just physically possible but financially attractive,” Qantas Chief Executive Alan Joyce said in a statement.

Jetstar operates an A320 narrow body fleet, but Qantas uses the rival Boeing 737. Joyce said the A321XLR had plenty of potential uses across both airlines and it would decide closer to the date on where they would be deployed and if they would be used for growth or to replace older jets.

Jetstar is due to receive 18 A321LR jets from 2020 to 2022 and plans to deploy them on domestic and international routes.

The additional 10 jets are valued at more than $1 billion at Airbus list prices, although airlines typically receive substantial discounts.

Qantas said it retained flexibility around the timing and structure of the deliveries depending on market conditions.

“All fleet decisions we make are ultimately guided by our financial framework, which balances our capital expenditure and need to invest for the future with our debt levels and ongoing returns to shareholders,” Joyce said.

Qantas is expected to decide next year on a replacement for its 75 737 jets, which comprise the backbone of its domestic fleet, Joyce said in February.

Contenders include the A320neo family, the 737 MAX and Boeing’s proposed new mid-sized airplane.

(Reporting by Jamie Freed; Editing by Himani Sarkar)

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