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.
Tokyo, Japan, September 4, 2023 – All Nippon Airways (ANA), Japan’s largest and 5-Star airline for 10 consecutive years, is launching a new service in its SAF Flight Initiative, a program dedicated to reducing CO2 emission levels through the use of Sustainable Aviation Fuel (SAF). Through the new service, ANA will extend the SAF Flight Initiative offering to companies that use air cargo to transport and deliver products and provide a solution to visualize and reduce indirect CO2 emissions.
Launched in October 2021, the SAF Flight Initiative is one of ANA’s efforts to work with leading partners across a range of industries by supporting efforts to reduce emissions in the value chain as well as expand the production and use of SAF. Under the current cargo program, the SAF Flight Initiative is offered to logistics and freight companies that have a direct business contract with ANA. The new service will enable companies that use air cargo to transport products based on their track record, including factors like weight, volume and distance of transportation.
With the expansion of the SAF Flight Initiative to air cargo, ANA will continue to contribute to the realization of the environmental goals for participating companies and will promote the use of the SAF in cooperation with our partners.
August 28, 2023 – Alstom (OTC: ALSMY), a global leader in smart and sustainable mobility, announces that the Consortium SIF (led by Alstom and including Sofratesa) has been selected by Fideicomiso para el Desarrollo del Sistema de Transporte Masivo (FITRAM) of the Dominican Republic to deliver an integrated Innovia monorail system for the city of Santiago de los Caballeros. When completed, the 13-kilometre, 14-station Santiago de los Caballeros monorail system will be the first of its kind in the country and in the Caribbean. The system is dimensioned to carry up to 20,000 passengers per hour per direction (pphpd) and will provide faster and more efficient connections between the city’s northwest and southeast areas.
Alstom’s scope within the contract includes system integration, testing and commissioning of the full system and the supply of Innovia monorail trains as well as Cityflo 650 GOA4 driverless signalling, Hesop reversible power supply, conductor rail, high-speed interchange switch systems and depot equipment. Alstom’s share of the contract is worth approximately €370 million. This project is carried out with financing from the French government.
Alstom will deliver the 13 four-car automated Innovia Monorail 300 trains, which incorporate the design and operational features required for a high-capacity urban transport system. These features include automatic driverless operation, bi-directional operations, and compliance with international safety requirements and standards. Capitalising on Alstom’s strong leadership with over 30 years’ expertise in communications-based train control (CBTC), Alstom’s Cityflo 650 CBTC solution — the first driverless rail control system in the Dominican Republic— will support the highest grade of automation (GoA4), allowing for high reliability, shorter intervals between trains, flexible and safe operations, and reduced maintenance costs. To further increase the energy efficiency of the system, Alstom will install Hesop reversible power stations, which translates into not only building fewer substations along the alignment but also recovering and reinjecting up to 99% braking energy from the trains back into the network.
Los Angeles, California, Business Wire – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800. The new aircraft are scheduled to deliver to the Moroccan flag carrier in 2024 from ALC’s order book with Boeing. These new contracts are augmenting already placed ALC owned aircraft operated by RAM.
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.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. 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.
Over a 24-hour period, PHASA-35 soared to more than 66,000 feet, reaching the stratosphere, before landing successfully. The trial, completed last month in New Mexico in the USA, allowed engineers to assess the performance of the experimental solar-electric drone within the outer-reaches of the planet’s atmosphere.
The flight marks a significant milestone in PHASA-35’s development which began in 2018. Designed by BAE Systems’ (OTC: BAESY) subsidiary Prismatic Ltd to operate above the weather and conventional air traffic, it has the potential to provide a persistent and stable platform for various uses including ultra-long endurance intelligence, surveillance and reconnaissance, as well as security.
It also has the potential to be used in the delivery of communications networks including 4G and 5G and could be used in a wide range of applications, such as disaster relief and border protection, as an alternative to traditional airborne and satellite systems.
The PHASA-35 programme sits within FalconWorks™, a new centre for advanced and agile research and development within BAE Systems’ Air sector, designed to deliver a range of cutting-edge combat air capabilities to the UK and its allies.
PHASA-35, which has a 35-metre wingspan and carries a 15kg payload, uses a range of world-leading technologies including advanced composites, energy management, solar electric cells and photo-voltaic arrays to provide energy during the day which is stored in rechargeable cells to maintain flight overnight.
The successful trial assessed the performance of the experimental system across a range of areas. It is the first in a series of trials planned to confirm system performance, support development activities and validate test points to enable PHASA-35 to be made available in defence and commercial markets internationally.
The latest trials took place from Spaceport America in New Mexico, flying in the White Sands Missile Range, and are sponsored by the US Army Space and Missile Defense Command Technical Center. This test flight at White Sands Missile Range was coordinated and directly supported by personnel attached to Naval Surface Warfare Center, Port Hueneme Division, Detachment White Sands.
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.
The Ministry of Defence (MOD) has awarded BAE Systems (OTC: BAESY) a £870m contract to deliver a new radar to enhance the Royal Air Force’s (RAF) Typhoon fighter jet fleet and strengthen the aircraft’s control of the airspace whilst providing cutting-edge electronic warfare capabilities.
The contract, awarded by the Ministry of Defence to BAE Systems, will see further development of technology and integration work on the European Common Radar System (ECRS) Mk2 radar by BAE Systems and Leonardo UK. The work is expected to lead to initial flight testing in 2024.
BAE Systems leads the overall design, development, manufacture and upgrade of the Typhoon aircraft for the UK and Leonardo is the lead for the aircraft’s main sensing and survivability systems including its radar and defensive aids sub-system.
The contract is part of the UK Government announcement made in July 2022, to invest £2.35 billion in the continued technology advancements in Typhoon capabilities, as recognition of its long-term role supporting national security and defence priorities.
Typhoon is a highly capable and extremely agile multi-role combat aircraft. It is capable of being deployed for the full spectrum of air operations, including air policing, peace support and high-intensity conflict. The RAF Typhoons are deployed alongside F-35B Lightning II to provide frontline capability for the UK.
The Typhoon programme supports more than 20,000 jobs across all regions of the UK every year, contributing £1.4 billion to the economy annually. The ECRS Mk2 radar programme sustains more than 600 highly-skilled jobs across the country, including more than 300 at Leonardo’s site in Edinburgh, more than 100 electronic warfare specialists at the company’s site in Luton, and 120 advanced engineers at BAE Systems’ site in Lancashire.
The first flight of the fourth GlobalEye is an important milestone in Saab’s Airborne Early Warning & Control (AEW&C) program and highlights that Saab can rapidly and reliably deliver GlobalEye.
The Saab (OTC: SAABF) aircraft took to the skies from Saab’s airfield in Linköping, Sweden on April 03, 2023 and performed several tests related to the aircraft’s capabilities.
GlobalEye is the most modern multi-domain Airborne Early Warning & Control (AEW&C) solution with an array of active and passive sensors that provide long-range detection and identification of objects in air, at sea and over land.
By providing real-time information to units in air forces, armies and navies, GlobalEye enables enhanced situational awareness of the surrounding areas and early detection of threats. It can also be used for non-military tasks such as leading and coordinating rescue missions during natural disasters or larger accidents at sea or on land.
Rolls-Royce (RR.L) will provide 70 of its mtu Series 4000 engines, produced in Yulin by MTU Yuchai Power, the Chinese Joint Venture with Yuchai Diesel, for use in generator sets that will be packaged and distributed by emergency power systems provider Hefei Calsion Electric System Co., Ltd. The gensets will be installed at multiple semiconductor manufacturing locations in China to ensure that chip production is not affected by power failures.
The rapid expansion of information technology applications such as artificial intelligence, cloud computing, big data and Internet of Things (IoT), has resulted in growing market demand for semiconductor products. In recent years, Chinese semiconductor enterprises have experienced a significant growth period due to the acceleration of domestic insourcing and the upgrade of industrial technologies.
The guarantee of continuous power supply is critical for semiconductor factories, as the manufacturing process is very sensitive. The products on the production line are at risk of being scrapped after even a few minutes of power disruption. The mtu engine-powered generator sets installed by Calsion will provide uninterrupted switching between diesel engines and grid power to deliver continuous loading capacity under high load conditions, helping to ensure the stable operation of production lines and special process systems such as safety, clean room, and cooling and pure water systems.
As the leader of semiconductor power system solutions, Hefei Calsion Electric System Co., Ltd. specializes in the R&D, manufacturing, marketing and services of generator sets, and has R&D centers, modern production bases and first-class test systems. Its original semiconductor power system solution has won a market share of more than 70% of the domestic semiconductor industry emergency power system solution-based projects in China. It is a strategic partner and designated OEM manufacturer of Rolls-Royce in China, as the two parties have maintained close cooperation for 18 years.
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.
