DHL Express introduced the first plane in a new line of Boeing aircraft based at the Cincinnati/Northern Kentucky International Airport, which will gradually replace the company’s older intercontinental fleet.
The first aircraft in an order of 14 Boeing 777 freighters took off on its commercial maiden flight May 25 from the DHL Express hub at the Cincinnati/Northern Kentucky International Airport to Bahrain. Three more 777 Freighters will arrive this year to continue replacing DHL’s previous Boeing 747-400 aircraft for intercontinental flights.
21 May 2019, EBACE – Bell Helicopter, a Textron Inc. (NYSE: TXT) company, is showcasing its corporate Bell 429 outfitted with Mecaer Aviation’s MAGnificent interior at EBACE. The aircraft is building momentum in the region with 7 recent sales to corporate customers in Germany, Greece, the Ukraine and Russia.
“The Bell 429 continues to increase its footprint in Europe with about a quarter of the global fleet being operated right here on this continent,” said Duncan Van de Velde, Bell Managing Director for Europe. “The aircraft strikes the right balance of comfort, power and operational efficiency which is why it continues to be desirable in the corporate segment. Our customers appreciate the smoothness of the ride paired with the bespoke finishes which takes the experience of flight to the highest level of comfort.”
The MAGnificent luxury interior available for the Bell 429 was created by Italy-based Mecaer Aviation Group (MAG), and was configured with four passenger seats and two center consoles. In addition, MAG’s signature sound canceling system (SILENS), In-Flight Entertainment (IFEEL) and electro-chromic passenger windows are available as part of this interior package. Passengers control the audio/video and moving map functions along with the electro-chromic windows through their own smart devices, which connect to the internal Wi-Fi in the aircraft.
The Bell 429 continues to be a global success with 330 aircraft currently in operation in 44 countries. As an advanced single pilot IFR aircraft with the ability to adapt to diverse demands without compromising safety and unrivaled service support, the Bell 429 is truly unsurpassed in its class.
PARIS (Reuters) – Airbus is in discussions to try to find solutions to a row with the German government over a ban on arms exports to Saudi Arabia that threatens a border security contract, Chief Executive Guillaume Faury said on Tuesday.
The planemaker has warned of legal action against Germany after taking financial charges over the long-delayed border contract between Airbus’s defence unit and the Gulf kingdom.
“We are not yet there,” Faury told reporters when asked about possible legal action.
“We are very much impacted by the situation which is now being extended and trying to find different solutions,” Faury said, adding that Airbus had been forced into a corner by the unexpected national export embargo.
Germany acted alone with a ban in October after the murder of Saudi journalist Jamal Khashoggi in Istanbul, irritating other European arms exporters including France, where Airbus is based. The measure was extended in March.
The row comes as France and Germany study a new combat jet, in which Airbus is the industrial partner on the German side.
Faury said Airbus remained committed to the manned and unmanned system, adding it could be eventually opened to other nations including Britain “as a more united Europe”.
The arms row also coincides with a separate spat with Germany over 600 million euros of development loans for the A380 passenger jet, which Airbus has said it will stop producing.
The Berlin government said in March it was in talks with Airbus about the outstanding loans, which also feature in a separate trade dispute about mutual claims of illegal aircraft subsidies between the European Union and the United States.
Faury said Airbus “would not be where it is” without its project to build the world’s largest airliner.
Asked at a media event whether the separate disputes with Germany could be settled in a single negotiation, Faury said “We just want to execute the contracts as they are and I will not say more.”
Airbus continues to have good relations with Germany and other founder Airbus nations, Faury said at the event, taking place as Airbus celebrates its 50th anniversary as a planemaker.
(Reporting by Tim Hepher; Editing by Susan Thomas)
LONDON (Reuters) – The chief executive of British Airways owner IAG ruled out bidding for Thomas Cook’s airline unit on Friday, a day after rival Virgin Atlantic was reported to be interested in part of the business.
Lufthansa and private equity fund Indigo Partners are seen among the front-runners for Thomas Cook’s airlines after the firm put it up for sale in February, to raise cash after a string of profit warnings in 2018.
IAG had previously been linked with the business, but on Friday, Chief Executive Willie Walsh said that his firm had not made a bid.
“In relation to Thomas Cook… we’re not putting in any bid,” Walsh told reporters.
He added in an analyst call later in the day that the firm was not actively pursuing M&A at the moment but was in a strong position to do so if something attractive came up.
Virgin Atlantic has put in a preliminary offer for the tour operator’s UK long-haul business, Sky News reported on Thursday. Thomas Cook and Virgin Atlantic both declined to comment on the report.
Lufthansa is a bidder for Thomas Cook’s German airline Condor with an option to acquire the remaining airlines of the British travel group, Lufthansa’s CEO said on Tuesday.
Indigo Partners is also a likely suitor for Thomas Cook’s airline business, sources said last week, adding that the deadline for initial bids was on Tuesday earlier this week.
An unexpectedly warm summer in northern Europe last year deterred holiday makers from booking lucrative last minute getaways, resulting in two major profit warnings for the world’s oldest travel company.
Worries about the firm’s ability to pay its debts pushed the yield on its euro-denominated bonds that mature in 2022 to a record high last Friday, and Thomas Cook said later in the day that it was in talks with its lenders about bolstering its finances.
Thomas Cook’s half-year earnings release for the six months to March 31 is due next Thursday.
(Reporting by Alistair Smout; Editing by Keith Weir)
The first ACJ319neo successfully completed a 16-hr. and 10-min. test flight on 26th April, setting a new record for the longest A320 Family flight by an Airbus crew.
It flew from Toulouse to northern Greenland and back, in an endurance flight that included a simulated diversion under 180 min ETOPS rules, for which the A320 airliner family is already certified.
The aircraft is due to be delivered to K5 Aviation of Germany in the coming months, after ACJ319neo flight trials are completed.
“We want to fly customers to their destination using the quickest routes, as well as delivering unsurpassed comfort and service, and it’s impressive to see such long-range capability at first hand,” said K5 Aviation CEO and Chief Pilot Erik Scheidt, who participated in the flight.
The ACJ319neo is derived from the A320neo airliner family, which features new engines and wingtip-mounted Sharklets.
“Airbus’ modern aircraft family takes the world in its stride with robust reliability, and corporate jet operators are natural beneficiaries of this airliner heritage, which also brings comparable operating costs to traditional business jets,” said ACJ President Benoit Defforge.
K5 Aviation’s ACJ319neo is fitted with five additional centre tanks (ACTs) in its cargo-hold, and includes improvements such as a lower cabin altitude for greater passenger comfort.
Corporate jet orders and commitments for A320neo Family-derived aircraft now total 14.
Airlines and corporate jet customers have ordered almost 15,000 A320
Family aircraft to date, with more than 700 of the new A320neo version
already serving airlines worldwide.
Around 200 Airbus corporate jets are in service worldwide, flying on every continent, including Antarctica.
LONDON (Reuters) – Thomas Cook has set a deadline of May 7 for expressions of interest in its airline business, with Indigo Partners and Lufthansa among the likely bidders, sources said.
The heavily-indebted British travel group put its profitable airline business up for sale in February after profit warnings in 2018 left it needing to raise cash.
Thomas Cook’s airlines business consists of Germany’s Condor, as well as British, Scandinavian and Spanish operations.
A sale of the business, in whole or in part, would enable the world’s oldest tour operator to invest more in its own hotels and improve its online sales.
A source familiar with the discussions said that Indigo and Germany’s Lufthansa appeared most interested in the business.
British Airways owner IAG should not be ruled out and easyJet has engaged in talks but is seen as less interested, the source added.
It is not clear whether Ireland’s Ryanair would bid.
Another source said that private equity groups KKR and Apollo might also look at taking over the whole of Thomas Cook.
The airlines business would provide access to valuable European slots linking Britain to Spain, Greece and Turkey.
Thomas Cook, Indigo, IAG and easyJet declined to comment, while Lufthansa and Ryanair were not immediately available.
Lufthansa executives have said repeatedly that the German airline wants to “play an active role” in consolidation.
Indigo, the private equity firm managed by Bill Franke, the veteran U.S. low-cost airline investor, has previously made investments in several airlines including Hungary’s Wizz.
Thomas
Cook has been revamping different parts of its business this year,
closing high street stores and reviewing its money division as it
focuses on holidays.
The company was hit badly in 2018 when a hot European summer deterred customers from booking holidays through the year.
One banking source said the airline would fetch less than 1 billion euros (£859 million). Thomas Cook has a current market value of just over £400 million.
Sources said that competition issues could influence which parts of the business different suitors go for.
Sky News has said China’s Fosun International, a Thomas Cook shareholder, was interested in its tour business.
(Reporting by Kate Holton and Clara Denina in London; additional reporting by Alistair Smout and Georgina Prodhan in London and Arno Schuetze in Frankfurt; Editing by Alexander Smith)
FILE PHOTO: A Thomas Cook Airbus A321-200 airplane takes off at the airport in Palma de Mallorca, Spain, July 28, 2018. REUTERS/Paul Hanna/File Photo
BERLIN, Germany (Reuters) – Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth $1 trillion a year by the 2040’s.
The drive to give Germany a bigger role in space comes as European, Asian and U.S. companies stake out ground in an evolving segment that promises contracts for everything from exploration to mining of outer-space resources.
Firms likely to benefit from any future spending rise in Germany include Airbus, which co-owns the maker of Europe’s Ariane space rockets, and Bremen-based OHB.
The new legislation would limit financial and legal liabilities of private companies should accidents happen in orbit, set standards for space operations and offer incentives for new projects, the German economy ministry told Reuters.
The ministry’s aerospace and space commissioner, Thomas Jarzombek, could submit the laws to parliament later this year. The move comes as companies and trade groups press for German authorities to establish a regulatory framework for the lucrative new market to encourage private investment.
“We are sounding the alarm that Germany and Europe are falling behind in space vis-a-vis China and the United States,” Dirk Hoke, defence and space chief at Franco-German-led aerospace group Airbus, told Reuters. “We’re at a critical juncture to ensure we stay in the top league.”
Germany is Europe’s economic powerhouse and the world’s fourth-largest economy. However it had just the world’s seventh-largest national space budget in 2018, an estimated $1.1 billion, just over half the amount generated by fifth-placed France, according to preliminary data from Paris-based research firm Euroconsult.
BERLIN
(Reuters) – Lufthansa has ordered 20 Boeing 787-9 and 20 additional
Airbus A350-900 long-haul planes to replace its older four-engine
aircraft as it seeks to boost the fuel efficiency of its fleet, the
airlines group said on Wednesday.
The
German company said it has also agreed to sell six of its 14 Airbus
A380 planes back to Airbus in 2022/2023 for economic reasons.
Airbus
said last month it would scrap production of the A380 superjumbo from
2021 following lacklustre sales. The decision reflected a dearth of
orders as airline bosses shied away from bulky, larger planes that are
harder to fill.
Qatar airways said last week it would phase out its A380 planes from 2024.
Lufthansa
said the new aircraft will be delivered between late 2022 and 2027. It
did not disclose how much it had paid for the planes which have a
list-price investment volume of $12 billion (9.1 billion pounds), but
said it had negotiated a significant price cut.
“In
addition to the cost-effectiveness of the A350 and B787, the
significantly lower CO2 emissions of this new generation of long-haul
aircraft was also a decisive factor in our investment decision,” Chief
Executive Carsten Spohr said in a statement.
Lufthansa
currently operates a long-haul fleet of 199 aircraft. It said the new,
more economical aircraft will lower its operating cost compared to
earlier models by around 20 percent.
The
airline will also seek to reduce the complexity of its fleet over the
next few years by taking seven aircraft types out of service to help
reduce maintenance costs and the supply of replacement parts.
(Reporting by Caroline Copley; editing by Thomas Seythal and Michelle Martin)
BERLIN (Reuters) – The German government on Monday said it was in talks with Airbus about 600 million euros (514 million pounds) in outstanding loans for developing the A30 superjumbo jet, which Airbus now plans to scrap.
A spokeswoman for the German Economy Ministry confirmed the value of the outstanding loans, first reported by Funke Mediengruppe newspaper chain, but said it was premature to discuss how the issue would be resolved.
“We are analysing the consequences and discussing the issue with the company,” the spokeswoman told a regular government news conference.
(Reporting by Andreas Rinke and Tassilo Hummel; Writing by Andrea Shalal; Editing by Michelle Martin)
BREMEN,
Germany (Reuters) – Ariane 6, Europe’s next-generation space rocket, is
expected to win its first two commercial launch orders in coming weeks,
company officials said, a key milestone as the European launcher vies
for orders against Elon Musk’s U.S. competitor SpaceX.
Operator
Arianespace faces increased competition from SpaceX and Blue Origin,
owned by Amazon CEO Jeff Bezos. Japan and India also pose a growing
challenge.
Ariane
6 has three institutional orders in hand from the European Commission
and France and is close to signing deals with two commercial customers,
said Mathias Spude, spokesman for ArianeGroup, a joint venture of Airbus
and Safran, that is the majority stakeholder in Arianespace.
ArianeGroup
has invested 400 million euros (£347 million) of its own funds in the
3.4-billion-euro development of Ariane 6 – a project key to ensuring
Europe’s independent access to space and a market valued at over $1
trillion by 2040.
Manufacturers
say the rocket will be more versatile than Ariane 5, able to carry out
missions from placing as many as 90 small satellites in low-earth orbit
to taking classic spy satellites to far higher perches in geostationary
orbit.
But
the business case depends on drumming up enough commercial business to
augment the 5-6 institutional launches expected in Europe annually in
coming years, about a quarter of those planned in the United States.
European governments also face industry pressure to use Ariane 6 even if they could get cheaper rides using SpaceX.
“Europe
continues to need its own access to space – the market of the future,”
said Matthias Wachter with the BDI German Federation of Industry. “It
doesn’t make sense to use European tax money to develop our own rocket
but then launch satellites with competitors from the United States or
Asia.”
Ariane
6, due for a first launch in 2020, was designed to save significant
costs compared to Ariane 5, but industry experts say it will still cost
around 70 million euros per launch – well above the rate offered by
SpaceX, which uses reusable rocket technology and can count on larger
U.S. orders.
Ariane
6’s designers insist innovative production techniques will favour the
European launcher when the commercial market recovers from a recent
slump.
“When
it wakes up … we will be on the market with a rocket that is 40
percent cheaper, and will continue to reduce costs after that,” Spude
told Reuters at the Ariane 6 production site.
Still,
experts say SpaceX is widely credited with jolting the overall market
with a keen focus on cutting costs, forcing Europe to shake up its
launch industry.
(Reporting by Andrea Shalal, Editing by Tim Hepher)
