Tag: Angeles (Page 2 of 6)

Surf Air Mobility Announces the Successful Completion of Southern Airways Acquisition

August 6, 2023 / WIL BALDWIN

Los Angeles, California – August, 2023 – Surf Air Mobility Inc. (SAM), a regional platform aiming to sustainably connect the world’s communities, announced that the it has completed the acquisition of Southern Airways (“Southern”) immediately prior to its listing on the New York Stock Exchange under the ticker symbol SRFM on July 27, 2023. The combination of Surf Air Mobility and Southern will provide the basis for SAM’s anticipated expanded, nationwide regional air mobility platform. Following the close of the transaction on July 27, 2023, Surf Air Mobility has 69,742,981 basic shares and 71,603,186 fully diluted shares outstanding.

Surf Air Mobility intends to accelerate the adoption of green flying by developing, together with its commercial partners, hybrid-electric and fully-electric powertrain technology to upgrade existing fleets. By creating a financing and services infrastructure to enable this transition at an industry-wide level, Surf Air Mobility believes it can bring electrified aircraft to market at scale and substantially reduce the cost and environmental impact of regional flying. Surf Air Mobility believes such cost and environmental impact reductions are achievable by the end of the decade, and that operating as a publicly-traded company and having efficient access to growth capital will enable and accelerate the implementation of its strategic plan.

Surf Air Mobility also announced that it will release its financial results for the second quarter of 2023 and provide outlook for the full year 2023 the week of August 14, 2023.

Alaska Airlines adds new flights between Los Angeles and Guatemala City

July 13, 2023 / WIL BALDWIN

Alaska Airlines (NYSE: ALK) is expanding in Latin America with the addition of daily, year-round service between Los Angeles and Guatemala City, Guatemala—an all-new destination for us. We’ve also added new flights from both San Diego and Chicago O’Hare to Ixtapa-Zihuatanejo, a popular resort destination along Mexico’s Pacific Coast, as we increase our seasonal leisure routes for wintertime travel. Flights are available for purchase now at alaskaair.com for service that begins this December.

These new flights build on our network strength across Latin America. From our hub in Los Angeles, we have the most flights to the most destinations across Latin America of any carrier – which includes up to 18 daily nonstops this winter to 12 cities throughout the region.

New international service

Route	Start Date	End Date	Frequency	Aircraft
Los Angeles-Guatemala City	Dec. 14	Year-round	Daily	737
San Diego-Zihuatanejo	Dec. 23	April 6, 2024	1x Weekly	737
Chicago- Zihuatanejo	Dec. 23	April 6, 2024	1x Weekly	737

Guatemala City is filled with history and architecture. Outside the capital, there’s plenty to explore. The town of Antigua boasts Baroque-style buildings, farm-to-table restaurants and a showcase of art and textiles. Lake Atitlán, formed inside a massive volcanic crater, is a popular destination with its blue waters, stunning hillsides and quaint villages that ring the lake. For adventure seekers, Guatemala is a nation of volcanoes with several that are accessible for hiking and exploring.

Our new service to Guatemala City increases our international destinations. We offer flights from LAX and SEA to neighboring Belize, and serve the San Jose and Liberia airports in Costa Rica. This December, we’ll fly from our West Coast gateways to Mexico, Costa Rica, Belize, Guatemala and the Bahamas.

Ixtapa, Mexico

Air Lease Corporation Activity Update for the Second Quarter of 2023

July 11, 2023 / WIL BALDWIN

LOS ANGELES–(BUSINESS WIRE)– Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales activities, and financing occurring in the second quarter of 2023.

As of June 30, 2023, ALC’s fleet was comprised of 448 owned aircraft and 80 managed aircraft, with 359 new aircraft on order from Boeing and Airbus set to deliver through 2029.

Aircraft Investments

Delivered 19 new aircraft from ALC’s order book including three Airbus A220-300s, two Airbus A320neos, seven Airbus A321neos, two Airbus A330-900neos, one Airbus A350-900, one Airbus A350-1000, two Boeing 737-9s, and one Boeing 787-9.
Aircraft investments in the quarter totaled approximately $1.5 billion.

Sales

Sold eight aircraft to third-party buyers.
Aircraft sales for the quarter totaled approximately $600 million.

Financing

Entered into approximately $900 million of financing transactions during the quarter.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

Investors:
Jason Arnold
Vice President, Investor Relations
Email: investors@airleasecorp.com

Media:
Laura Woeste
Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com

Ashley Arnold
Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com

Source: Air Lease Corporation

Delta Debuts Dazzling Terminal C Facility at New York LaGuardia Airport

June 1, 2022 / WIL BALDWIN

Delta is celebrating its latest investment in New York as it prepares to open its new Terminal C at LaGuardia Airport to customers on June 4, a massive milestone in the $4 billion program to transform and modernize one of the airline’s key hubs.

Delta accelerated construction timelines during the pandemic to deliver this facility to New York customers even faster than anticipated. The airline will fully complete the entire four-concourse terminal by the end of 2024, almost two years earlier than originally planned.

Ultimately, Terminals C and D will consolidate into one state-of-the-art facility, spanning 1.3 million square feet and featuring 37 gates across four concourses. Delta continues to double down on its vision for the future of travel, building airports of the future that are comfortable, easy to navigate and part of an effortlessly connected journey, capable of absorbing and supporting new innovative experiences as technology evolves. Recently, Delta also revealed the completion of the first major phase of its $2.3B Sky Way at Los Angeles International Airport.

In addition to a gleaming central headhouse and concourse, LGA will house the largest Delta Sky Club in the system, with architectural touches that evoke New York City from the turn of the 20th century, such as harlequin-patterned screens and rich warm metals. With seating for nearly 600 guests to relax and recharge over a sprawling 34,000 square feet (in its end state), the Club features a gourmet kitchen, premium bar, two food buffets and two hydration stations.

Australia Back on Tourist Map as International Visitors Return

February 21, 2022 / WIL BALDWIN

Qantas flights from eight overseas destinations are touching down in Australia today, bringing the first international tourists in almost two years and an eagerly anticipated boost for the country’s tourism industry.

The Qantas Group will fly more than 14,000 passengers into Australia this week as quarantine and border barriers for international tourists come down.

QF12 from Los Angeles was the first to land at 6.20am and flights from other international destinations including Vancouver, Singapore and London will arrive into Sydney throughout the day. Jetstar’s first unrestricted international flight JQ18 will touch down in Melbourne from Phuket at 10.05am and QF70 from Delhi to Melbourne will arrive at 1.35pm.

Qantas Group CEO Alan Joyce said bookings had been strong since the Australian Government announced the country was opening to international visitors, and today’s arrivals will be the first of many.

Qantas restarted its international network for Australian citizens and visa holders on 1 November 2021, with a number of routes coming online since then. Sydney to Dallas recommenced flying on 16 February, and flights to other destinations are scheduled to relaunch in coming weeks including:

Melbourne to Honolulu (Jetstar) – From 1 March
Sydney to Honolulu (Jetstar) – From 3 March
Melbourne to Denpasar (Jetstar) – From 14 March
Sydney to Denpasar (Jetstar) – From 15 March
Brisbane to Singapore – From 27 March
Sydney to Manila – From 27 March
Sydney to Denpasar – From 28 March
Darwin to Dili – From 30 March
Brisbane to Los Angeles – From 1 April

QANTAS and Jetstar Airlines Adjust Third Quarter Flight Capacity Settings

January 16, 2022 / WIL BALDWIN

Qantas and Jetstar are adjusting flying levels to better match travel demand in light of the sudden growth in COVID-19 cases. The Qantas Group now expects domestic capacity for the third quarter of FY22 to be at around 70 per cent of pre-COVID levels, down from the 102 per cent that had been planned. The schedule changes are focused on reducing frequency of services and size of aircraft to minimise inconvenience for passengers as much as possible.

The Group’s total international capacity for the same period will fall from 30 per cent to around 20 per cent of pre-COVID levels. This reduction is driven by increased travel restrictions in countries like Japan, Thailand and Indonesia and is mostly impacting Jetstar’s leisure routes. Other markets – such as London, Los Angeles, Vancouver, Johannesburg and India – continue to perform well.

Customers will be contacted directly from late January if their booking is impacted by cancellations and offered alternative flights that in most cases are likely to be a difference of a few hours if travelling domestically.

Qantas and Jetstar continue to have 100 per cent of their available Australian-based crew stood up, which has helped to minimise the resourcing impacts of some needing to self-isolate during the summer peak. This 100 per cent crewing level will be maintained despite the capacity reductions announced today, giving both airlines a significant buffer to manage ongoing isolation requirements and resulting in a more reliable schedule for passengers.

An assessment on the financial impact of these changes will be given at the Group’s half year results in late February, by which time a clearer picture will have emerged on swing factors such as actual demand levels; potential loosening or tightening of travel restrictions in countries overseas; and consumer response to the reopening of Western Australia next month. No material adjustments have been made to capacity expectations for Q4 FY22.

To give customers more confidence when they book international and domestic flights, Qantas has extended Fly Flex, which enables customers to change their travel dates as often as they need, fee-free (a fare difference may apply).

QANTAS Says Buongiorno with Direct Flights Between Australia and Italy

December 14, 2021 / WIL BALDWIN

Qantas will reignite its love affair with Rome, adding direct flights from Australia to the eternal city from the middle of next year. From 22 June 2022, Qantas will operate the only direct service between Australia and continental Europe, flying three return Sydney-Perth-Rome flights per week to meet demand over the European holiday peak season.

The new flight will cut more than three hours off the current fastest travel time to Rome using the Boeing 787 Dreamliner, with cabins designed specifically for long haul travel.

Customers will be able to combine Qantas’ Rome flights with its double-daily direct flights between Australia and London, meaning they will be able to fly in and out of different cities on one return ticket through to October 2022.

The Rome service will also give customers another option for reaching onward destinations across the Mediterranean and southern Europe through Qantas’ network of partners.

Qantas Group CEO Alan Joyce said strong travel demand since borders re-opened had given the Flying Kangaroo confidence to explore new destinations as travelers look to make up for lost time.

The new route is expected to entice more visitors to Western Australia and Qantas will partner with Tourism Western Australia to boost inbound tourism from Europe into Perth and regional WA, as well as promote Perth as an ideal stopover for Australians travelling to Europe from the east coast.

Qantas recently started new flights from Sydney and Melbourne to Delhi and re-started a number of existing routes from Sydney and Melbourne to destinations including Los Angeles, London and Singapore.

Fares for the new Sydney-Perth-Rome flights go on sale today starting from $1785 return. Qantas will operate two Points Planes (bookable until 21 December 2021) for Frequent Flyers with every seat in every cabin available to book as a reward seat on the inaugural flight to Rome on 22 June and on the first flight departing Rome on 23 June.

The seasonal route will operate from 22 June until 6 October. Qantas will offer connections to 16 destinations in Europe including Athens, Barcelona, Frankfurt, Nice, Madrid and Paris and 15 destinations within Italy including Milan and Venice.

Alaska Airlines is the 14th member of the oneworld alliance.

Alaska Airlines Expands oneworld Partnership with New West Coast International Flights

December 13, 2021 / WIL BALDWIN

SEATTLE, December 13, 2021 /PRNewswire/ – Ready to start planning that long-awaited, much-deserved vacation or trip to Europe and destinations beyond? Alaska Airlines and our fellow oneworld member airlines – including American Airlines, British Airways, Finnair and Iberia – are ready to take you there this summer with new nonstop international flights from our West Coast hubs and airports.

British Airways announced today it will begin nonstop service from Portland to London Heathrow five days a week starting on June 3, 2022. The flight becomes the sixth British Airways service to London from a key Alaska market on the West Coast joining Los Angeles; San Diego; San Francisco; San Jose, California; and Seattle.

Finnair announced last week its new nonstop flight between Seattle and Helsinki that’s scheduled for service three days a week beginning June 1. Finnair’s nonstop to Seattle joins its existing service to the Finnish capital from Los Angeles. Finnair will also increase its Los Angeles-Stockholm service to four nonstop flights a week beginning May 1.

By summer 2022, Alaska’s oneworld partners will offer more than 100 nonstop flights every week from the West Coast to Europe including nonstop service to London, Madrid, Barcelona, Stockholm and Helsinki. Once in Europe, journeys can continue throughout the Continent and other parts of the world with convenient connections through our partners’ hubs.

oneworld flights between the U.S. West Coast and Europe for summer 2022:

First Qantas A380 to Land Back in Australia Today

November 9, 2021 / WIL BALDWIN

A familiar and hard-to-miss sight will return to Australian skies today with one of the Qantas (OTC: QABSY) iconic A380 aircraft set off to land back in Sydney, 593 days after it departed Australian shores.

Hudson Fysh, named after one of Qantas’ founders, is expected to touch down at Sydney Airport around 3.00pm more than 19 hours after it departed Dresden, Germany. The aircraft recently underwent scheduled maintenance for a new landing gear, after spending the best part of two years in storage during the COVID-19 pandemic.

Its early return comes as the airline gears up for the first two of the superjumbos to return to service in April 2022, following strong demand for international travel, particularly on key routes to Los Angeles and London.

Qantas has taken close to half a million domestic bookings in the past two weeks, compared with around 20,000 in a two-week period in August.

Jetstar’s recent international sale saw 75,000 seats sold in 72 hours.

Demand for seats on Qantas’ London to Sydney service has been extremely strong, with Aussies reuniting with family and friends in time for Christmas and more flights added as a result.

Originally expected to remain in long term storage in the Californian desert until the end of 2023, Qantas has since announced that five A380s with upgraded cabins would return ahead of schedule with two to operate flights to Los Angeles from April 2022 and three to operate flights to London from November 2022.

The airline is now working to further accelerate the return of the A380s, with superjumbo flights to London brought forward to July 2022. In addition, a sixth aircraft will arrive before the end of calendar year 2022, with the remaining four A380s expected to return to service by early 2024.

Hudson Fysh will undergo additional maintenance checks in Australia before taking to the skies again in coming weeks as part of crew training.

Union Pacific Railroad Collaboration and Visibility Provide Supply Chain Solutions

October 27, 2021 / WIL BALDWIN

LOS ANGELES, CALIFORNIA, OCTOBER 27, 2021 – The Port of Long Beach (POLB), the Utah Inland Port Authority (UIPA), and Union Pacific Railroad (NYSE: UNP) announced today a bold initiative that brings rapid relief from existing port congestion by optimizing rail deliveries between California and Utah.

The initiative is the first implementation of an agreement between POLB and UIPA that focuses on reducing congestion and cost associated with cargo movement through the corridor by optimizing the existing on- and near-dock rail system of the Port of Long Beach to reduce dwell times and improve the speed and consistency of rail deliveries to and from Utah.

Millions of TEUs of international goods are imported to or exported from the Intermountain West annually, but only 10% of this cargo currently moves by rail. This initiative aims to provide consistent, reliable movement of cargo on rail that improves fluidity and reduces delays of shipments already set to come to the Intermountain region, rather than increase cargo volume.

Loading 100 intermodal rail cars equates to 300 trucks off the road. An analysis by the Association of American Railroads concluded railroads are, on average, four times more fuel efficient than trucks and moving freight by rail instead of truck lowers greenhouse gas emissions by 75 percent.

Improving visibility of cargo is also a key component to untangling the supply chain and improving capacity. UIPA has announced the Intelligent Crossroads Network (“ICN”), a private 5G and artificial intelligence network built in partnership with QuayChain Technologies that will allow cargo tracking, monitoring and planning, and even greater efficiencies for users throughout the corridor connecting Long Beach and Utah.

New international service

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