Tag: agreement (Page 2 of 20)

Embraer and Scoot sign pool agreement for E190-E2 fleet

September 26, 2023 / WIL BALDWIN

Singapore, September 26, 2023 – Embraer (NYSE: ERJ) announced that it has signed a Pool Program services agreement with Scoot [Singapore Airlines Ltd (OTC: SINGF)] to support the airline’s incoming fleet of nine E190-E2. The Pool Program provides access to component exchanges and repair services for more than 300 repairable parts to support Scoot’s Embraer aircraft, allowing the airline to minimize their upfront investment in high-value repairable inventories and resources, while taking advantage of Embraer’s technical expertise along with its vast component repair service provider network. Currently, the Pool Program supports more than 60 airlines worldwide.

The E190-E2 jet is the world’s most efficient and quietest single-aisle aircraft and the first batch of E190-E2 will be delivered to Scoot in 2024. In addition to the Pool Program, Scoot’s operations will benefit from the AHEAD (Aircraft Health Analysis and Diagnosis) which comprises early detection capabilities for critical systems, reducing technical interruptions and avoiding flight cancellations; the eSight, with real-time fleet performance monitoring.

Singapore is the nerve centre for Embraer’s services and support Asia Pacific operations. In addition to personnel based in Singapore, the Company has a Regional Distribution Centre within Changi Airport’s free trade zone. Recently, Embraer and CAE announced the establishment of a state-of-the-art E2 full flight simulator and pilot training program in Singapore which will commence in 2023. The full flight simulator will be based at the Singapore-CAE Flight Training Centre located at SIA Training Centre.

Textron Aviation and NetJets sign fleet agreement for up to 1,500 Cessna Citation jets

September 20, 2023 / WIL BALDWIN

September 20, 2023, – NetJets named launch customer for the new Cessna Citation Ascend

Wichita, Kansas, Business Wire – Textron Aviation (NYSE: TXT) and NetJets, a Berkshire Hathaway (NYSE: BRKa) today announced a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years. This agreement extends NetJets’ existing fleet agreement, and includes options for an increasing number of aircraft each year, enabling NetJets to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft. Equally exciting is the announcement that NetJets has been named the fleet launch customer for Textron Aviation’s newest jet — the Citation Ascend. Deliveries of the Citation Ascend are expected to begin in 2025 when the aircraft, currently under development, is expected to enter into service.

Since the inception of the more than 40-year relationship between the companies, NetJets has taken delivery of more than 800 aircraft from Textron Aviation, including exercising over 300 options for Citation Latitudes and Longitudes during the past eight years. This enduring relationship equips discerning customers with class-leading, safe, and reliable aviation travel experiences worldwide. Through the years, NetJets has owned and operated industry-leading Citations including the Citation SII, V, Excel/XLS, Sovereign, X, Latitude and Longitude models.

The Citation series of business jets has evolved to offer an unmatched range of capabilities, systems and options that allow customers to expand their business reach. More than 30 Citation models have been certified over the 50-year history of the Citation line. There are currently six Citation models in production: Citation M2 Gen2,Citation CJ3+, Citation CJ4 Gen2, Citation XLS Gen2, Citation Latitude and Citation Longitude, with the Citation Ascend under development.

Fiji Airways announces Noumea as its newest international destination

September 18, 2023 / WIL BALDWIN

Fiji Airways, Fiji’s National Airline, is proud to announce that New Caledonia’s capital, Noumea is our newest international destination.

The company confirms that Fiji has an existing Air Service Agreement (ASA) which allows Fiji Airways to provide services in French territories.

The first flight to La Tontouta International Airport in Noumea will be on Thursday 30^th November and starting 7^th December, the national carrier will fly twice weekly, every Monday and Thursday.

Fiji Airways is the perfect hub for guests out of New Caledonia, providing a comprehensive network of onward connections to North America, Asia, as well as other Pacific Island countries.

With the introduction of these new services, Fiji Airways will be flying directly to 26 destinations around the world.

Noumea is the third new market added to our network since international borders opened in December 2021.

The airline brings in 70 percent of all visitor arrivals into Fiji, and is the largest foreign exchange earner for the economy.

Airbus and PHI Group sign for 20 H175 & 8 H160 helicopters

September 12, 2023 / WIL BALDWIN

Marignane, France, September 12, 2023 – Airbus Group SE (Paris: AIR) and PHI Group Inc (PHI) have signed a framework agreement that includes commitments for 20 super-medium H175 helicopters and 8 H160s to serve the energy market worldwide, including in the US. These 28 state-of-the-art helicopters will better position PHI to respond to the energy market’s expected growing offshore transportation needs. These commitments are composed of firm orders as well as purchase options that PHI may exercise during the course of the framework agreement.

PHI has been supporting the energy industry for 74 years. Today, PHI operates over 200 helicopters across the globe serving a number of markets, including energy and air medical. PHI’s Airbus fleet consists of H125, H135, H145, H160 and H175 family helicopters – with the H175 being the latest addition.

In service since 2015, Airbus’ H175 belongs to the super-medium class of helicopters, combining long-range with smooth flight qualities, making it the perfect solution for several mission profiles, including offshore crew change, public services, and private and business aviation. 54 H175s currently in service have accumulated around 195,000 flight hours, of which 170,000 are flying for the energy sector.

Designed as a multi-role helicopter capable of performing a wide range of missions, the H160 integrates Airbus’ latest technological innovations. With its light maintenance plan, the H160 optimises operating costs and offers a new standard in availability. The helicopter is powered by two of the latest Arrano engines from SafranHelicopter Engines that offer a 15% reduction in fuel burn. Both the H175 and H160 are already certified to fly with as much as 50% sustainable aviation fuel.

Turkish Airlines places order for ten additional Airbus A350-900

September 7, 2023 / WIL BALDWIN

Toulouse, France, September 6, 2023 – Turkey’s national flag carrier, Turkish Airlines, has announced a new order for 10 additional Airbus (OTC: EADSY) A350-900 aircraft, taking its total for the type to 40. This latest Turkish Airlines agreement is in addition to one announced in August for four A350-900’s, with th air carrier already operating a fleet of 14 A350-900’s.

At the end of July, the A350 had won over 1,000 orders from leading carriers from around the globe. The A350 is the world’s most modern and efficient widebody aircraft and the long range leader in the 300-410 seater category. Its clean sheet design includes state-of-the-art technology, aerodynamics, lightweight materials and new engines that together deliver 25 percent advantage in fuel burn, operating costs and CO2 emissions. The airplane also demonstrates a 50 percent noise footprint reduction compared to the previous generation of Airbus aircraft.

Saab and Boeing sign 787 Dreamliner agreement

September 6, 2023 / WIL BALDWIN

Saab (OTC: SAABF) has signed an extension agreement with Boeing (NYSE: BA) for the manufacturing of large cargo doors, bulk cargo doors and access doors for the Boeing 787 Dreamliner.

The framework agreement is an extension of an existing contract signed with Boeing in 2004 for the 787 Dreamliner program.

Since the programme started, Saab has delivered in excess of 1,100 shipsets for the Boeing 787 Dreamliner programme.

Saab has a long experience in supplying major aerostructures for military as well as commercial aircraft programmes. Like many other major 787 structures, the doors will be mainly made of composite materials. A range of systems are built into the doors’ composite structures, providing Boeing with lightweight doors that are easy to install.

Maersk finalizes ECO delivery deal with Amazon

September 6, 2023 / WIL BALDWIN

Florham Park, New Jersey, September 6, 2023 – A.P. Moller – Maersk (OTC: AMKBY) and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 metric tons of CO2e vs standard bunker fuel, roughly equivalent to 50 million pounds of coal burned. This is the fourth consecutive year that Amazon and Maersk have arranged container shipping using low GHG fuel options.

The ECO Delivery biofuel option offers emission reductions that enable immediate and externally verified GHG savings for customers, without compensatory measures like offsetting. This year, Amazon will benefit from a new feature of the ECO Delivery product which will be enabled by also using green methanol in addition to the bio diesel as a second green fuel* in the vessel fleet. ECO Delivery is using primary data for fuel consumption in the methodology to report emissions savings with greater precision, inclusive of other greenhouse gases in addition to the CO2. The new model also provides price certainty and stability and is de-linked from the fossil fuel market.

^* Maersk defines ’green fuels’ as fuels with low to very low GHG emissions over their life cycle compared to fossil fuels. Maersk green fuels and its supply chain are verified by the International Sustainability and Carbon Certification (ISCC) . The methodology for accounting emissions is based on GLEC (Global Logistics Emissions Council) and is certified by Smart Freight Center. We ensure auto-generated performance tracking of Maersk ECO Delivery shipments. Maersk ECO Delivery CO2e saving certificates will be issued. The method is audited by PwC in accordance with the International Standard of Assurance Engagements 3410 (ISAE 3410 – Assurance Engagements on Greenhouse Gas Statements), showing CO₂e savings for the scope of the Maersk ECO Delivery agreement.

Airbus & Korea Aerospace Industries launch Light Armed Helicopter production

August 31, 2023 / WIL BALDWIN

Seoul, South Korea – Airbus (OTC: EADSY) Helicopters and Korea Aerospace Industries (KAI) have signed an agreement to initiate the serial production phase of the Light Armed Helicopters (LAH). This follows the contract awarded by the country’s Defence Acquisition Programme Administration to KAI in December 2022 to supply an initial batch of ten LAH to the Republic of Korea Army. Deliveries will begin at the end of 2024, with follow-on orders to continue into the next decade.

This agreement will see Airbus Helicopters and KAI enter into the next phase of the programme, ramping up production of the LAH at KAI’s Sacheon facility in South Korea. Airbus Helicopters will support KAI’s order fulfilment with delivery of the required kits for the mass production.

The two companies have also signed an agreement to deepen their commitment in the joint Korean Utility Helicopter (KUH Surion) programme, to meet a wide range of operational requirements for the military, civil and parapublic markets.

This follows the recent launch of the joint development of new KUH variants, such as the Marine Attack Helicopter and Mine Countermeasure Helicopter, and their corresponding future versions. These programmes will benefit from Airbus Helicopters’ expertise in flight control systems and helicopter drive systems, and KAI’s industrialisation capability for local production. Airbus Helicopters is also committed to supporting KAI for additional serial deliveries.

JetBlue Announces Record and Payment Dates for Additional Prepayment to Spirit Stockholders of August 2023

August 15, 2023 / WIL BALDWIN

New York, NY, August 15, 2023 – (BUSINESS WIRE) – As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 the “Merger Agreement”, by and among JetBlue Airways Corporation (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (NYSE: SAVE), JetBlue has set August 25, 2023, as the record date for the August 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “August 2023 Additional Prepayment”), with payment of the August 2023 Additional Prepayment to occur on August 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the August 25, 2023, record date will be entitled to receive the August 2023 Additional Prepayment.

United to resume flights to Beijing Flying and reintroduces daily service to Shanghai

August 11, 2023 / WIL BALDWIN

Chicago, Illinois, August 11, 2023 /PRNewswire/ – United Airlines (Nasdaq: UAL) today announces it will resume daily flying between San Francisco and Beijing this November and will increase flying to Shanghai with daily flights from San Francisco, starting October 1, 2023. These enhancements to United’s Asia Pacific schedule are enabled by agreement between the governments of the U.S. and China to increase flights between the two countries.

Shanghai flights are currently available on United.com and on the United app, while the Beijingschedule will be updated in the next week.*

* Flights pending government approval.

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