Tag: united (Page 12 of 38)

Tesla to set up electric car manufacturing unit in southern India

February 13, 2021 / WIL BALDWIN

From Reuters News by By Bhargav Acharya and Aakriti Bhalla…

BENGALURU, India, February 14 (Reuters) – Billionaire Elon Musk’s Tesla, Inc. (Nasdaq: TSLA) will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday.

“The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” the state government said in a brief statement.

The statement was part of a broader document outlining the highlights of India’s budget to its people in the local language of Kannada.

Click on the link below to read the full story!

https://finance.yahoo.com/news/1-tesla-set-electric-car-190327441.html

Aerial photography of the Pilatus PC-24, owned by Skytech, flying over Douglas Lake west of Asheville. Asheville Regional Airport (AVL) Asheville NC USA

Pilatus Aircraft Offers PC-24 With 10-Seat Commuter Interior

February 12, 2021 / WIL BALDWIN

A first PC-24 with high-utility 10-seat commuter configuration has been delivered to a customer in the western United States, allowing the Super Versatile Jet to prove yet again how it is an excellent fit for the widest of mission profiles.

Pilatus now offers a commuter configuration for up to ten passengers, delivering a safe, efficient, private, cost-effective corporate travel solution for company employees. Each seat is installed with a quick-release mechanism allowing easy cabin reconfiguration for all transportation requirements.

Passengers and cargo transport

The PC-24’s payload capacity of 1,134 kilogrammes and standard large cargo door enable operators to load large, bulky items that no other business jet is capable of carrying with such flexibility. The cabin features a private lavatory which can be serviced from the exterior. Unlike many other light and midsize jets in this category, the lavatory seat is not used as a passenger seat: the loss of comfort for the passenger is simply too great.

Seat pitch in the commuter configuration varies from 34 (86) to 40 inches (102 centimetres). Each seat features a side storage compartment and cup holder as well as one USB charging port. On top of that, four 115-volt power outlets in the cabin enhance in-flight productivity. The PC-24’s entirely flat floor also adds to comfort on long trips.

CSX Corporation Announces Increase to Quarterly Dividend

February 12, 2021 / WIL BALDWIN

JACKSONVILLE, Fla. – CSX Corp. (NASDAQ: CSX) today announced that the Company’s Board of Directors has authorized an 8 percent increase in its quarterly dividend, from $0.26 to $0.28 per share. The new $0.28 quarterly dividend is payable on March 15, 2021 to shareholders of record at the close of business on February 26, 2021.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.

LGSTX Services Wins U.S. Postal Service Contract for Orlando, Florida Sort Center

February 10, 2021 / WIL BALDWIN

WILMINGTON, Ohio – (BUSINESS WIRE) – Air Transport Services Group, Inc. (NASDAQ: ATSG) said today that its subsidiary, LGSTX Services, Inc., was recently awarded a five-year contract with the U.S. Postal Service to install and operate a Surface Transfer Center (STC) in Orlando, Fla., where postal products are sorted and consolidated for further distribution.

LGSTX Services has hired approximately 150 full-time employees at the center, with further hiring possible as product volumes increase. The company manages a similar facility for the Postal Service in Aurora, Ill., and has managed several others over the last two decades.

“To be awarded this contract for a second STC is a testament to the level of service the LGSTX team has provided,” said Jim Pradetto, president of LGSTX Services. “Our extensive history of managing these centers for the Postal Service gives us a unique advantage in understanding and anticipating their needs, allowing us to continually deliver the speed and operational support they require.”

Sikorsky Continues Legacy With Latest Contract to Build Presidential Helicopters

February 10, 2021 / WIL BALDWIN

STRATFORD, Conn. Feb. 10 – Continuing its 63-year legacy of providing safe and reliable transportation for the president of the United States, Sikorsky, a Lockheed Martin company (NYSE: LMT), is under contract to manufacture a total of 23 VH-92A® Presidential Helicopters for the U.S. Marine Corps. Sikorsky is on schedule to deliver the next generation presidential helicopter later this year.

The award announced February 5, 2021 by the U.S. Navy for five aircraft is the final lot of VH-92A presidential helicopters set to deliver in 2023. Sikorsky’s highly skilled workforce is completing final modifications on 12 of the production aircraft at its manufacturing facility in Stratford, Connecticut and Owego, New York.

The VH-92A will transport the president and vice president of the United States and other officials. Sikorsky brings unmatched experience and a proven track record to this mission having flown every U.S. commander-in-chief since President Dwight D. Eisenhower. The VH-92A, also called a “White Top” due to its notable white and green livery, will continue this legacy for decades to come.

The VH-92A program ensures long-term affordability and maintainability by utilizing the FAA certified Sikorsky S-92 aircraft which has industry leading reliability and availability. The S-92 aircraft is modified for the VH-92A mission based on government-defined requirements. The S-92 fleet surpassed 1.7 million flight hours in 2020 and averages 14,400 hours of safe flight per month.

United Airlines Works With Archer Aviation to Accelerate Production of Electric Aircraft

February 10, 2021 / WIL BALDWIN

CHICAGO, Feb. 10, 2021 /PRNewswire/ — United Airlines (Nasdaq: UAL) today announced that it has completed an agreement to work with air mobility company Archer as part of the airline’s broader effort to invest in emerging technologies that decarbonize air travel. Rather than relying on traditional combustion engines, Archer’s electric vertical takeoff and landing (eVTOL) aircraft are designed to use electric motors and have the potential for future use as an ‘air taxi’ in urban markets.

Under the terms of the agreement, United will contribute its expertise in airspace management to assist Archer with the development of battery-powered, short-haul aircraft. Once the aircraft are in operation and have met United’s operating and business requirements, United, together with Mesa Airlines, would acquire a fleet of up to 200 of these electric aircraft that would be operated by a partner and are expected to give customers a quick, economical and low-carbon way to get to United’s hub airports and commute in dense urban environments within the next five years.

Working with Archer is another example of United’s commitment to identifying and investing in innovative technology that can reduce carbon emissions while also improving the customer experience and earning a strong financial return. The airline was an early stage investor in Fulcrum BioEnergy and recently partnered with 1PointFive, a joint venture between Oxy Low Carbon Ventures and Rusheen Capital, to jumpstart the establishment of direct air capture and sequestration technology.

With today’s technology, Archer’s aircraft are designed to travel distances of up to 60 miles at speeds of up to 150 miles per hour and future models will be designed to travel faster and further. Not only are Archer’s aircraft capable of saving individuals time on their commute, United estimates that using Archer’s eVTOL aircraft could reduce CO₂ emissions by 47% per passenger on a trip between Hollywood and Los Angeles International Airport (LAX), one of the initial cities where Archer plans to launch its fleet.

Led by co-founders and co-CEOs Brett Adcock and Adam Goldstein, Archer’s mission is to advance the benefits of sustainable air mobility at scale. Archer plans to unveil its full scale eVTOL aircraft in 2021, begin aircraft production in 2023, and launch consumer flights in 2024. To drive this fourth transportation revolution and transform how people approach everyday life, work and adventure, Archer has built a highly accomplished team of top engineering and design talent, with a collective 200+ years of eVTOL experience.

Lockheed Martin Picks ABL Space Systems to Power First UK Vertical Satellite Launch

February 8, 2021 / WIL BALDWIN

HARWELL, Oxford, Feb. 8, 2021 – Lockheed Martin [NYSE: LMT] has contracted ABL Space Systems, of El Segundo, California, a developer of low-cost launch vehicles and launch systems for the small satellite industry, to supply a rocket and associated launch services for the company’s first UK vertical satellite launch.

The project known as UK Pathfinder Launch is planned to be the first ever vertical small satellite launch from UK soil, from Scotland in 2022. It will also be the first UK commercial launch for U.S.-based ABL Space Systems’ new RS1 rocket.

Nik Smith, Regional Director, Lockheed Martin Space, said: “We are absolutely committed to the success of this programme and the world class capability that ABL Space Systems brings will allow us to build on our long-standing partnership with the UK and strengthen the growth of the UK space sector, aligned to the UK Government’s prosperity and industrial strategy.”

ABL Space Systems’ flexible, integrated GSO launch system, and RS1 rocket, allows for a rapid and cost-effective deployment with outstanding launch performance.

Lockheed Martin’s UK Pathfinder Launch supports the UK Space Agency’s commercial spaceflight programme – Launch UK. In October, the UK Space Agency confirmed Lockheed Martin’s plans to move its programme to the Shetland Space Centre and in January, planning proposals were submitted for the space launch facility in Unst.

Ian Annett, Deputy CEO, UK Space Agency said: “We want the UK to be the first in Europe to launch small satellites into orbit, attracting innovative businesses from all over the world, accelerating the development of new technologies and creating hundreds of high-skilled jobs across the whole of the UK. Lockheed Martin’s selection of ABL Space Systems for their UK Pathfinder launch brings us one step closer to realising this ambition – putting the UK firmly on the map as Europe’s leading small satellite launch destination.

The addition of ABL Space Systems as a partner completes Lockheed Martin’s UK Pathfinder Launch programme team. On launch day, ABL Space Systems’ RS1 rocket will lift off from Shetland Space Centre, in Unst, Shetland, the UK’s most northerly island. Once in orbit, the rocket will release a small launch orbital manoeuvring vehicle, an agile platform built by MOOG, in Reading, UK, which can carry and deploy up to six 6U CubeSats, optimising orbital placement and timing for each small satellite’s respective missions.

To demonstrate the full value of this new UK space transportation capability, two of the CubeSats deployed will be Lockheed Martin’s own technology demonstration spacecraft.

In 2019, ABL Space Systems announced that it had received a strategic investment from Lockheed Martin Ventures to advance the launch provider’s development and test programme.

Leonardo Celebrates 20th Anniversary of AW139 Helicopter First Flight

February 6, 2021 / WIL BALDWIN

Leonardo celebrates today the 20th anniversary of the AW139 helicopter’s maiden flight. The first aircraft took to the skies from the Company’s facility in Cascina Costa di Samarate, Italy on 3 February 2001. The helicopter flew for 45 minutes checking initial airworthiness tests, hovering, lateral and forward flight, handling qualities and subsystems. This soon confirmed the impressive characteristics and the smoothness of the new model and its performance and capabilities were to become a new market benchmark, making it the most important helicopter programme in the last two decades at an international level.

The AW139 intermediate-twin engine 7 tonne boasts orders of almost 1,200 units from more than 280 customers in over 70 countries on all continents. The aircraft has shown extraordinary levels of reliability and operational capabilities with more than 3 million flight hours recorded since the first delivery took place at the beginning of 2004. Data of use testifies the extreme versatility of the AW139 which satisfies any market need: approximately half the world’s fleet for public utility tasks such as search and rescue and air ambulance, law enforcement, fire-fighting, disaster relief and military duties. The rest account for a leading position in its class in the offshore transport sector, plus VIP, institutional and corporate transport as well as other civil missions. The AW139 fleet has a global presence: around 30% in Europe, almost as much in Asia and Australasia, 15% in the Americas, followed by the Middle East. The international success of the AW139 is so important that to meet market demands the helicopter is produced on different assembly lines both in Italy, in the Vergiate plant, and in the United States in Philadelphia which has delivered around 30% of all units to date. The US Air Force will soon introduce the AW139-based Boeing MH-139 to replace the UH-1N fleet.

The AW139 has grown significantly over the years, adapting to the changing needs of customers. The maximum take-off weight increased from 6.4 to 7 tons. Almost 1,000 mission kits and equipment have been certified. With advanced protection systems against icing, the AW139 can fly in all-weather conditions. This model is also the only one in the world capable of continuing to fly for over 60 minutes without oil in the transmission, twice as much as the 30 minutes set by certification authorities. In 2020 new distinguished features for the avionics suite were introduced including synthetic vision, Enhanced Ground Proximity Warning System with offshore modes, improved 2D maps and wireless data loading, increasing crew situational awareness and reducing workload for operations at night or in marginal weather. Despite the experience and maturity achieved in almost 17 years of operational activity, the AW139 remains a young and modern programme, destined to play a leading role into the future. The AW139 truly embeds all areas of excellence and leadership in its field at Leonardo such as transmissions and dynamics, system integration and customization, best in class performance, mission versatility, latest safety standards and a comprehensive range of increasingly localised customer support and training services and solutions, developed and grown to allow customers worldwide to maximise the capabilities of the type.

The aircraft of choice in its class against which all existing and newcomers are measured, the AW139 also represents a turning point in the rotary-wing sector through the introductory concept of the Leonardo “helicopter family”. The AW139 is, in fact, the forefather of a helicopter family comprising of the smaller and lighter AW169 and the larger and heavier AW189. Models, the only case in the world, that share the same design philosophy, the same high performance, the same flight characteristics and the same certification standards, as well as the same approach to maintenance and training. A concept that allows operators with large diversified fleets, with models ranging from 4 to 9 tons of weight, to create significant synergies in crew training, flight operations, maintenance and logistics support.

Hitachi Rail Successfully Tests First Battery-Powered Tram

February 2, 2021 / WIL BALDWIN

Battery-powered tram offers major benefits of requiring no overhead wires or other electrified infrastructure – saving on costs and visual impact

On-board batteries allow energy to be additionally recovered during breaking

Trial in Florence aims to allow mobility firm to offer battery-trams globally

Tram adds to the growing list of battery products being developed as Hitachi puts decarbonisation and sustainability at the heart of its global strategy

Hitachi Rail has successfully tested its first battery-powered tram in Florence – an important milestone towards expanding the firm’s offer to market the vehicles across the world.

While traditional tram lines require electrified infrastructure – usually overhead wires supported by poles or pylons – that are expensive to install and visually unattractive. Battery trams offer the opportunity to run high capacity public transport through city centres, while saving millions on installing wires and reducing the visual impact on beautiful historic streets, like Florence.

The trial involves installing battery packs on an existing Hitachi-built Sirio tram, which covered a section of the line under battery power. The innovation allows power to be returned to the batteries when the train breaks, reducing the overall amount of energy consumed and protecting the environment.

This news is the latest in a number of announcements from the global mobility firm as expands its sustainability credentials and its zero-carbon offer to its customers around the world. Hitachi recently announced the trial of a battery train in the UK and delivery of hybrid trains in Italy, having built one of the world’s first battery powered train fleets that operates in Japan.

Hitachi has a rich heritage of building trams and tramways in Europe and in Asia, and is involved in new tram and metro infrastructure projects in the Americas and in the UK.

Andrea Pepi, Head of Sales and Projects Italy, Hitachi Rail said: “Our aim is to use our technology and our work to help build a sustainable society and contribute to the well-being of people around the world by improving their quality of life.”

“This is a key milestone as we pioneer this new technology that allow us to work with our customers to reduce infrastructure costs while still offering environmentally-friendly public transport. We hope this successful trial in Italy creates new opportunities for us across the world.”

The Mayor of Florence, Dario Nardella said: “We are happy that Hitachi Rail has chosen the tramway in Florence to test this innovation. Battery-powered trams can revolutionize this type of service within cities. Public transport, especially in historic centers, will have to be less impactful and increasingly sustainable. This marks another significant step forward for the tramways in Florence.”

Embraer Carries Out First Aircraft Financing Transaction With SkyWest Airlines

January 25, 2021 / WIL BALDWIN

Embraer (NYSE: ERJ) carried out its first aircraft non-payment insurance (ANPI) transaction financing the delivery of four Embraer E175 jets to SkyWest, Inc. (NASDAQ: SKYW). The transaction, completed in December 2020, was supported by the Aircraft Finance Insurance Consortium (AFIC), designed by Marsh and was underwritten by AXIS Insurance and Sompo International. The lender for the transaction is the Brazilian Development Bank (BNDES).

This transaction is a major achievement for the aircraft finance industry being the first AFIC-supported transaction for regional jets, the first AFIC-supported financing for an airline based in the United States, and the first AFIC-supported financing for commercial aircraft funded by an export credit agency (ECA).

AFIC´s insurance product provides additional flexibility in financing Embraer aircraft and could be used with ECA, bank, and capital markets funding, enhancing the possible financing structures available for Embraer customers. The AFIC product improves the credit quality of aircraft finance transactions through the use of a robust non-payment insurance policy underwritten by investment grade-rated insurance companies. It further reduces overall costs of financing while offering many other benefits to Embraer customers such as flexibility of terms and faster implementation.

Embraer’s relationship with SkyWest dates back to 1986, when SkyWest began operating the EMB 120 Brasilia turboprop. Since 2013, SkyWest has purchased more than 180 E175 jets.

Embraer is the world’s leading manufacturer of commercial jets with up to 150 seats. The Company has 100 customers from all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged almost 1,800 orders and 1,600 deliveries, redefining the traditional concept of regional aircraft.

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