Tag: government (Page 17 of 22)

Germany to Hike Electric Car Subsidies as VW Launches Car

November 4, 2019 / WIL BALDWIN

– Germany to expand electric car infrastructure

– German Chancellor asks industry to help with charging

– Volkswagen unveils start of production of its ID.3 electric car

BERLIN, Nov 4 (Reuters) – Germany plans to increase by half the grants available to buyers of electric cars over the five years from 2020, according to a government document seen by Reuters, the latest in a series of measures to speed the adoption of low-emissions vehicles.

According to the document, due to be discussed at a meeting of high-level government and car-company officials on Monday evening, grants for plug-in hybrids will rise from 3,000 to 4,500 euros. For vehicles priced over 40,000 euros the grants will rise to 5,000 euros.

The government wants to have 10 million electric vehicles on the roads by 2030, part of an offensive designed to turn round the German car industry’s perceived laggard status in e-mobility compared to its rivals in the United States and China.

The paper came to light on the day that Chancellor Angela Merkel gave a speech at Volkswagen’s Zwickau factory, where the German watched the carmaker start mass production of its ID.3 electric car, a vehicle costing around 30,000 euros.

“We can now say that Zwickau is a pillar of today’s German auto industry and of its future,” Merkel said at the launch. “Our task as politicians is to create a framework where new technological innovations can take hold.”

Merkel said the government would invest 3.5 billion euros ($3.90 billion) to 2035 in building charging stations for electric cars.

On Sunday she had said Germany needed 1 million charging stations by 2030 and urged carmakers and utility companies to play their part in helping to build the necessary infrastructure.

As part of an auto industry push, BMW plans to build 4,000 electric car charging stations, a source familiar with the discussions said on Monday.

In September, at the Frankfurt auto show, Europe’s carmakers warned governments that the EU rules could be disastrous for profits and jobs because mainstream customers were not buying electric vehicles.

German carmakers are accelerating plans to launch electric vehicles, under pressure from a European Union mandate to deliver a 37.5% cut in carbon dioxide emissions between 2021 and 2030, on top of a 40% cut in emissions between 2007 and 2021.

($1 = 0.8970 euros)

(Reporting by Markus Wacket in Berlin and Joern Poltz in Munich, writing by Thomas Escritt and Edward Taylor; editing by Paul Carrel)

Fiat Chrysler, Peugeot Owner PSA Once Again in Talks to Combine

October 29, 2019 / WIL BALDWIN

(Reuters) – Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion (£38.88 billion) automaker, a source familiar with the matter said on Tuesday.

Fiat Chrysler shares rose sharply after news of the talks and ended up more than 7.5% in U.S. trading. The companies and the French government had no comment.

The Wall Street Journal first reported the discussions. PSA’s supervisory board was due to meet on Wednesday to discuss the potential merger, another source close to the matter said.

If a combination of Peugeot and Fiat Chrysler succeeded in overcoming political, financial and governance hurdles, the new enterprise would still face substantial challenges. Global automakers face the prospect of a slowdown in global demand coinciding with the most dramatic technology changes in a century.

Peugeot Chief Executive Carlos Tavares has predicted “ten years of chaos” for global automakers as regulators demand a switch to electric vehicles to reduce emissions linked to climate change.

Investors have speculated for several years that Fiat Chrysler was hunting for a merger partner, encouraged by the rhetoric of the company’s late chief executive, Sergio Marchionne.

In 2015, Marchionne outlined the case for consolidation of the auto industry and tried unsuccessfully to interest General Motors Co in a deal. Fiat Chrysler earlier this year broached a merger with French automaker Renault SA that ultimately collapsed.

Created when Fiat, under Marchionne’s leadership, bought control of Chrysler out of a U.S. government-backed bankruptcy in 2009, Fiat Chrysler has one of the global auto industry’s most profitable franchises in the Jeep sport utility vehicle brand and a money-spinning North American pickup and commercial van operation in Ram. Both would boost Peugeot, which does not sell vehicles in the U.S. market.

Peugeot and Fiat Chrysler could over time share engines and vehicle architectures, reducing capital spending and freeing up cash to invest in electric vehicles and emissions reduction technology required in Europe, China and other global markets.

Fiat Chrysler is under increasing pressure to invest in clean car technology. The company disclosed earlier this month that it faces a $79 million fine for falling short of U.S. fuel efficiency standards. Fiat Chrysler agreed to pay U.S. electric car maker Tesla Inc for credits to help it comply with European emissions standards until 2022.

Evercore analyst Arndt Ellinghorst in a note on Tuesday said a combination of Fiat Chrysler and Peugeot “should ignite more rational industry behavior around allocation of capital and this particular merger makes materially more sense than a potential FCA-Renault merger.”

Peugeot and Fiat Chrysler had discussed a combination earlier this year, before Fiat Chrysler proposed a $35 billion merger with Renault. At that time, Fiat Chrysler said a deal with Renault offered more advantages than a combination with Peugeot.

Fiat Chrysler Chairman John Elkann broke off talks with Renault in June after French government officials intervened and pushed for Renault first to resolve tensions with its Japanese alliance partner, Nissan Motor Co.

Following the collapse of the Renault merger plan, Fiat Chrysler CEO Mike Manley left the door open for talks with would-be partners. But he said the Italian-American automaker could go it alone despite mounting costs to develop electric vehicles and comply with tougher emissions rules in Europe, the United States and China.

Along with Jeep and Ram would come Fiat’s Italian operations, which have struggled in recent years. Fiat’s Mirafiori assembly complex in its home city of Turin has run below 50% capacity, with thousands of workers on temporary layoffs.

Overall, Fiat has 58,000 workers in Italy, where the government has long resisted mass lay-offs by large employers.

Peugeot’s Tavares dismissed the idea of a combination with Fiat Chrysler during a discussion with reporters at the Frankfurt auto show last month. “We don’t need it,” he said when asked whether he was still interested in a deal with Fiat Chrysler.

Tavares has moved aggressively to expand Peugeot, acquiring German auto brand Opel from General Motors Co for $2.6 billion in 2017. Since then, he has overseen a turnaround at Opel.

Fiat Chrysler already has a commercial vehicle partnership with Peugeot.

(Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Maju Samuel, Richard Chang and Dan Grebler)

Brazil to Lure Airlines to Fly Domestic, Taking Meetings with Three Carriers

October 27, 2019 / WIL BALDWIN

BRASILIA (Reuters) – Brazil is determined to lure airlines to operate domestic flights in Latin America’s largest aviation market, and is taking meetings with at least three carriers, a senior government official told Reuters.

“We are going to talk with Jet Blue, we are going to talk with Volaris, a Mexican group … we are going to talk with Sky Airline, which is Chilean,” Ronei Glanzmann, Brazil’s civil aviation secretary, told Reuters on the sidelines of the ALTA Airline Leaders Forum, an industry conference.

“These are conversations to introduce Brazil to them, they do not mean that the airlines are saying that they will come here,” he added.

Glanzmann said the meetings with Volaris and JetBlue Airways Corp <JBLU> will take place on Monday.

A representative for Sky said they had canceled their participation in the ALTA conference due to the civil unrest in Chile, but declined to comment on taking a meeting with the Brazilian government. Jet Blue and Volaris did not immediately respond to a request for comment.

Brazil’s government has recently begun a push to open its aviation market, the largest in Latin America. Right-wing president Jair Bolsonaro has allowed foreign carriers to set up domestic carriers in the country.

Currently, Brazil’s domestic air travel market is highly concentrated among three airlines. Until earlier this year, there was a fourth player, Avianca Brasil, but the airline stopped operations in May after filing for bankruptcy operations late last year, highlighting the high risk and volatility of operating in Brazil.

Reaction to Brazil’s liberalization has been slow, but already Spanish airline group Globalia has declared its intention to operate a domestic airline in Brazil. But Glanzmann hopes others will too.

His strategy, he said, involves airlines dipping their toes in the Brazilian market first by operating international flights.

“We are working first with international routes, but we are already working so that those operations will become domestic operations in the Brazilian market,” Glanzmann said.

In the past year, four foreign low cost airlines have begun operating international flights to Brazil: JetSMART, which belongs to Indigo Partners, Sky Airline, Norwegian Air Shuttle <NWARF> and Argentina’s Flybondi.

Still, some industry watchers are skeptical that anyone will attempt to enter Brazil’s domestic market anytime soon.

“We don’t see anything changing in the short term regarding a new low cost airline operating domestically,” said Eduardo Sanovicz, who heads ABEAR, an industry group that represents Brazil’s two largest airlines. “For a company to start flying in Brazil, they will need to know that they will have the same costs as we do.”

Brazil’s carriers have long complained about high costs of operating in Brazil, especially value-added taxes on fuel that can be as high as 25%.

(Reporting by Marcelo Rochabrun; Editing by Nick Zieminski)

Garmin Adds G1000 NXi Upgrade for the King Air C90

October 27, 2019 / WIL BALDWIN

OLATHE, Kan.–(BUSINESS WIRE)– Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced certification of the G1000^® NXi integrated flight deck upgrade for the King Air C90. With the G1000 NXi, aircraft owners and operators receive a wealth of new features, innovative capabilities and added utility all within a modern flight deck. King Air C90 owners and operators can easily upgrade from the G1000 to the G1000 NXi with minimal aircraft downtime and installation labor to receive a next-generation integrated flight deck.“As the popularity and demand of the G1000 NXi continues to grow, we’re excited to expand the availability of this upgrade to even more aircraft”

“As the popularity and demand of the G1000 NXi continues to grow, we’re excited to expand the availability of this upgrade to even more aircraft,” said Carl Wolf, vice president of aviation sales and marketing. “The G1000 NXi is an advanced flight deck that adds modern features including wireless connectivity, visual approach guidance, SurfaceWatch™, HSI map and more, all of which add tremendous value and advanced capability than ever before into existing King Air C90 aircraft.”

Flight Stream 510 and Connext^® technology within the G1000 NXi integrated flight deck enables Database Concierge, the wireless transfer of aviation databases from the Garmin Pilot™ app on a mobile device to the G1000 NXi. Additional features include two-way flight plan transfer, the sharing of traffic¹, weather¹, GPS information, back-up attitude information and more, between the G1000 NXi and the Garmin Pilot, FltPlan Go and ForeFlight Mobile applications.

Visual approach guidance and map overlay within the horizontal situation indicator (HSI) further enhance the G1000 NXi feature set. Within the HSI map, pilots can overlay NEXRAD, Flight Information Service-Broadcast (FIS-B) weather, weather radar, SafeTaxi^®airport diagrams, traffic, terrain and more. NEXRAD weather radar imagery can be overlaid on the moving map and animated on the multifunction display (MFD). Split-screen view is also available on the MFD, offering a simultaneous view of maps, charts, checklists, flight plans and more on a single screen. The addition of sectional charts and IFR low/high enroute charts give pilots convenient access to chart data on the flight display.

The G1000 NXi also supports the display of Automatic Dependent Surveillance-Broadcast (ADS-B) In traffic and subscription-free Flight Information Service-Broadcast (FIS-B) weather. The addition of SurfaceWatch runway monitoring technology provides visual and aural cues to help prevent pilots from taking off or landing on a taxiway, on a runway that is too short or on the wrong runway based on performance data entered during preflight. Visual and audible runway distance remaining annunciations are also available via SurfaceWatch within the G1000 NXi.

Modernized displays offer improved readability, while state-of-the-art processors provide smoother panning throughout the displays and faster map rendering within the G1000 NXi. Because the flight displays initialize in seconds, pilots have immediate access to frequencies, flight plan data and more, saving valuable time in the cockpit. The G1000 NXi integrated flight deck also incorporates contemporary animations and new LED back-lighting, offering increased display brightness and clarity, reduced power consumption, and improved dimming performance.

This upgrade adds to the growing portfolio of aircraft eligible for the G1000 NXi integrated flight deck upgrade, including the King Air 200/300/350, Daher TBM 850/900, Cessna Citation Mustang, the Piper PA-46 and soon, the Embraer Phenom 100. Aircraft owners and operators can easily upgrade to the G1000 NXi with little aircraft down time and disruption of the panel because the displays preserve the same footprint and connectors, so panel and wiring modifications are minimized. The G1000 NXi upgrade for the King Air C90 is available immediately through select Garmin dealers. The upgraded components of the G1000 NXi also come with a two-year warranty, which is supported by Garmin’s award-winning avionics product support team. For additional information regarding the G1000 NXi upgrade for the King Air, contact Scott Frye at 913-440-2412 or scott.frye@garmin.com.

Garmin’s aviation business segment is a leading provider of solutions to OEM, aftermarket, military and government customers. Garmin’s portfolio includes navigation, communication, flight control, hazard avoidance, an expansive suite of ADS-B solutions and other products and services that are known for innovation, reliability, and value. For more information about Garmin’s full line of avionics, go to www.garmin.com/aviation.

President Trump Bans Cuban Flights, Except for Havana

October 25, 2019 / WIL BALDWIN

WASHINGTON/HAVANA, Oct 25 (Reuters) – The U.S. government said on Friday it would bar U.S. airlines from flying to all destinations in Cuba besides Havana starting on Dec. 10 as the Trump administration boosts pressure on the Cuban government.

The U.S. Transportation Department said in a notice it was taking the action at the request of Secretary of State Mike Pompeo to “further the administration’s policy of strengthening the economic consequences to the Cuban regime for its ongoing repression of the Cuban people and its support for Nicolas Maduro in Venezuela.”

The move will bar U.S. air carrier flights to any of the nine international airports in Cuba other than Havana and impact about 8 flights a day.

The prohibition does not impact charter flights. There are no foreign air carriers providing direct scheduled flights between the United States and Cuba.

Cuban Foreign Minister Bruno Rodriguez said in a tweet that his country strongly condemned the move and that it “strengthened restrictions on U.S. travel to Cuba and its citizens’ freedoms.”

Rodriguez said sanctions would not force Cuba to make concessions to U.S. demands.

These flights carry almost exclusively Cuban Americans visiting home at a time when the Trump administration has drastically reduced visas for Cubans visiting the United States. Some 500,000 Cuban Americans traveled to Cuba last year.

The new measure takes effect soon before Christmas and New Year’s when Cuban Americans flock to the island for family reunions.

Further restrictions on Americans traveling to Cuba would be aimed at squeezing the island economically and expanding Trump’s steady rollback of the historic opening to Cuba by Trump’s predecessor, Barack Obama. The reversal, along with his pressure on Venezuela, has gone over well among Cuban Americans in South Florida, a key voting bloc in Trump’s 2020 re-election campaign.

Under Obama, the United States reintroduced U.S. airline service to Cuba in 2016. Pompeo said on Twitter on Friday that “this action will prevent the Castro regime from profiting from U.S. air travel and using the revenues to repress the Cuban people.”

According to U.S. officials, JetBlue Airways Corp flies to three destinations in Cuba in addition to Havana from Fort Lauderdale — Camaguey, Holguin and Santa Clara — and American Airlines flies to five Cuban cities beyond Havana from Miami — Camaguey, Holguin, Santa Clara, Santiago de Cuba and Matanzas/Varadero.

American Airlines said it is “reviewing the announcement and “will continue to comply with federal law, work with the administration, and update our policies and procedures regarding travel to Cuba as necessary.”

Jet Blue said it will “operate in full compliance with the new policy concerning scheduled air service between the United States and Cuba. We are beginning to work with our various government and commercial partners to understand the full impact of this change on our customers and operations.”

(Reporting by David Shepardson; additional reporting by Diane Bartz in Washington and Allison Lampert in Montreal; Editing by Chris Reese and Sandra Maler)

Boeing Unveils Order for Two 787 Dreamliner Airplanes to One VIP Customer

October 23, 2019 / WIL BALDWIN

The two ultra long-range and exclusive jets are valued at $564 million according to list pricesBoeing Business Jets now has 16 orders for the 787 variant, making it one of the world’s most popular widebody business jets

Las Vegas, Nevada, October 22, 2019 — A VIP customer was behind the purchase of two ultra-long range 787-9 Dreamliner airplanes, Boeing [NYSE: BA] announced today at the National Business Aviation Association’s annual convention.

The order, placed in August, has a list price value of $564 million. The VIP customer has requested to be unidentified.

The BBJ 787-9, a business jet version of the technologically-advanced 787-9 Dreamliner, is sought after by customers who place a premium on the jet’s globe-spanning range, spacious cabin and unrivaled passenger comfort. The airplane can fly 9,485 nautical miles while offering amenities such as larger windows, a lower cabin altitude, smooth ride technology, cleaner and higher humidity air, and a quieter cabin.

“The BBJ 787-9 offers our most discerning customers the ability to travel in ultimate comfort and fly directly to just about any city on earth. We’re talking about London to Sydney or Tokyo to Cape Town. Our newest BBJ 787-9 customer can clearly see the possibilities and more,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. “With a total of 16 orders to date, the BBJ 787 program has won over other government and private customers who want to work, rest, and arrive refresh and ready for a productive day.”

The BBJ 787-9 offers one of the most spacious cabins in the industry with 2,775 ft² (257.8 m²) of space. The spacious cabin provides a large canvas for a range of interior design options to ensure ultimate comfort on those short or long-distance flights.

The BBJ 787 builds on the success of the 787 Dreamliner – the fastest-selling widebody airplane in history with more than 1450 orders from over 80 customers on six continents.

Left-Wing Brazil Political Party Sues to Block Boeing-Embraer Deal

October 16, 2019 / WIL BALDWIN

RIO DE JANEIRO (Reuters) – A left-wing political party on Wednesday filed a lawsuit to block the sale of 80% of Brazilian planemaker Embraer SA’s <ERJ> commercial jet division to Boeing Co <BA> for $4.2 billion (3.3 billion pounds), arguing it will harm Brazil’s sovereignty.

The deal, which would position Boeing to compete more directly with Airbus SE <EADSY> in the market for mid-sized passenger planes, has faced significant left-wing opposition largely because Embraer is seen as a strategic company for Brazil’s national security.

So far, a handful of lower court decisions temporarily blocking the deal have been overturned by appeals court judges. The government has authorized the deal and Embraer’s shareholders are all for it.

But the latest lawsuit, filed by Brazil’s Democratic Labor Party (PDT), underscores that there is still a political risk that could potentially unravel the agreements reached so far between Boeing and Embraer. The PDT’s leader, Ciro Gomes, has staunchly opposed the sale of Embraer’s commercial jet division to Boeing.

Embraer declined to comment on the lawsuit.

The proposed deal with Boeing was first announced in July 2018.

Boeing and Embraer are waiting for antitrust approval to finalise the deal, including intense scrutiny from European regulators. They expect that to happen in early 2020.

(Reporting by Rodrigo Viga Gaier in Rio de Janeiro; Editing by Matthew Lewis)

British Airways to Become First UK Airline to Offset Carbon Emissions on Flights

October 11, 2019 / WIL BALDWIN

Airline announces plan to offset carbon emissions for all UK domestic flights from 2020
British Airways to invest in verified carbon reduction projects around the world
From 2020, British Airways’ carbon emissions on international flights will be capped through the United Nations’ carbon offsetting scheme
Announcement comes as parent company International Airlines Group (IAG) announces commitment to achieving net zero carbon emissions by 2050

From January 2020, British Airways will become the first UK airline to offset carbon emissions on all its flights within the UK.

All customers flying within the UK next year on flights operated by British Airways will have the carbon emissions from their flights offset by the airline and invested in carbon reduction projects around the world*. These quality assured projects will include renewable energy, protection of rainforests and reforestation programmes.

The airline operates up to 75 flights a day between London and 10 UK cities, including Manchester, Leeds, Newcastle, Isle of Man, Edinburgh, Glasgow, Aberdeen, Belfast City, Inverness and Jersey. British Airways’ domestic emissions total around 400,000 tonnes of C02 a year.

Today’s announcement comes as British Airways’ parent company, International Airlines Group (IAG), became the first airline group worldwide to commit to achieving net zero carbon emissions by 2050, contributing to both the UK Government’s commitment to a net zero carbon economy by 2050 and the United Nations’ objective to limit global warming to 1.5 degrees. IAG’s emissions’ goal will be achieved through numerous environmental initiatives, including investing more than US$400m in the development of sustainable aviation fuels over the next 20 years.

Alex Cruz, British Airways’ Chairman and Chief Executive, said: “British Airways is determined to play its part in reducing aviation’s CO2 emissions. To solve such a multi-faceted issue requires a multi-faceted response and this initiative further demonstrates our commitment to a sustainable future. It also follows our announcement to partner with renewable fuels company, Velocys, to build a facility which converts household and commercial waste into renewable sustainable jet fuel to power our fleet.”

While customers on UK domestic flights will not need to offset their emissions, those travelling further afield can also reduce their impact on the environment by using British Airways’ carbon offsetting tool. The carbon tool enables customers to calculate their emissions and then invest in carbon reduction projects including high quality forestry and renewable energy projects in Peru, Sudan and Cambodia**.

Using the tool, which can be accessed on https://www.pureleapfrog.org/ba/carbon_zero, a customer will pay around £1 to offset a return flight from London to Madrid, travelling in economy, while from London to New York in business class will cost around £15.***

Notes to Editors

* British Airways is investing in Verified Carbon Standard projects.

**British Airways’ offset scheme is operated through the airline’s partnership with not-for-profit organisation Pure Leapfrog. For more information on the carbon reduction projects, visit: https://www.pureleapfrog.org/ba

***While customers travelling on domestic flights’ carbon emissions are offset for them, customers flying outside of the UK can choose to pay to offset their emissions. Examples of pricing are shown below:

Journey	Cost to offset
London to Madrid (economy)	£ 1
London to New York (economy)	£ 5
London to New York (business)	£ 15
London to Los Angeles (economy)	£ 8
London to Los Angeles (business)	£ 24
London to Hong Kong (business)	£ 26

Customers can find a link to the carbon calculator at https://www.pureleapfrog.org/ba/carbon_zero

First Royal Canadian Air Force C295 Shows Off its Final Livery

October 8, 2019 / WIL BALDWIN

Seville, 8 October 2019 – The first Airbus C295, purchased by the Government of Canada for the Royal Canadian Air Force’s (RCAF) Fixed Wing Search and Rescue Aircraft Replacement (FWSAR) programme, rolled out of the paint shop showing off its final livery at the Airbus facility in Seville, Spain. The aircraft will now go through the final preparation phase before its delivery to the customer, planned to take place in Spain before the end of the year.

The photo above shows the first Canadian C295, to be designated CC-295 by the RCAF, in its distinctive Search and Rescue colours.

The aircraft adopts the yellow paint scheme following the tradition defined in the 1970s for Search and Rescue aircraft, giving high visibility for those in the air and on the ground.

FWSAR program facts and figures

The contract, awarded in December 2016, includes 16 C295 aircraft and all In-Service Support elements including, training and engineering services, the construction of a new Training Centre in Comox, British Columbia, and maintenance and support services.

The aircraft will be based where search and rescue squadrons are currently located: Comox, British Columbia; Winnipeg, Manitoba; Trenton, Ontario; and Greenwood, Nova Scotia.

Considerable progress has been made since the FWSAR programme was announced two and a half years ago: the first aircraft is due to be delivered in Spain in the coming months; another six aircraft are either completing flight tests or in various stages of final assembly; and seven simulators and training devices are starting up preliminary acceptance tests.

The first RCAF crews started training in late summer 2019 at Airbus’ International Training Centre in Seville, Spain.

For more information about the FWSAR program click here

Italian Government Asks Delta To Do The Right Thing

September 28, 2019 / WIL BALDWIN

The Italian government is begging U.S. major Delta Air Lines, Inc. (NYSE: DAL) to up the proposed acquisition of a 10% stake in Alitalia for $100 million to at least 15%, according to a report in Italian media.

Loss-making Alitalia has been seeking new investors for more than two years after going into administration in May 2017 after workers rejected a plan to cut jobs and salaries. Successive Italian governments have had to balance the carrier’s massive losses with the need to placate a heavily unionized workforce.

Click the link for the full story! https://finance.yahoo.com/news/italian-government-asks-delta-thing-205301072.html

Archives