Tag: Europe (Page 2 of 25)

Airbus renews transatlantic fleet with lower emission ships

October 25, 2023 / WIL BALDWIN

Toulouse, France, October 25, 2023 – Airbus Group SE (Paris: AIR) will renew the entire fleet of chartered vessels that transport aircraft subassemblies between production facilities in Europe and the United States with three modern, low-emission roll-on/roll-off vessels, supported by wind-assisted propulsion.

Airbus has commissioned shipowner Louis Dreyfus Armateurs to build, own and operate these new, highly efficient vessels that will enter into service from 2026. The new vessels will be powered by a combination of six Flettner rotors – large, rotating cylinders that generate lift thanks to the wind, propelling the ship forward – and two dual-fuel engines running on maritime diesel oil and e-methanol. Additionally, routing software will optimise the vessels’ journey across the Atlantic, maximising wind propulsion and avoiding drag caused by adverse ocean conditions.

The new fleet is expected to reduce average annual transatlantic CO₂ emissions from 68,000 to 33,000 tonnes by 2030. This will contribute to Airbus’ commitment to reduce its overall industrial emissions by up to 63% by the end of the decade – compared to 2015 as baseline year.

DHL fulfillment network adds capacity with new warehouse in Euskirchen

October 23, 2023 / WIL BALDWIN

Bonn, Germany, October 23, 2023 – As part of the expansion of the DHL (Deutsche Post AG-Xetra: DHLn) Fulfillment Network (DFN), DHL Supply Chain has now commissioned its fourth dedicated e-commerce warehouse in Germany. The fulfillment warehouse in Euskirchen will store, pick and pack orders from both large as well as small and medium-sized customers before shipping them within Germany, Europe or even to the rest of the world.

All customers benefit from an existing infrastructure that enables the integration of webshops and customer systems as well as connection to a range of parcel service providers. In this way, new companies can quickly and easily be integrated into the network. In addition, DHL provides its customers with a wide range of data and digital tools enabling them to drive their business with minimal effort. This allows inventory to be managed, each order to be monitored and sales trends to be tracked. Furthermore, all DFN fulfillment centers are run by trained DHL employees.

The DFN model was developed in Germany and currently has a global network spanning 30 locations around the world. The new Euskirchen site has a total storage area of over 60,000 square meters and has excellent connections to parcel centers and both Cologne/ Bonn and Duesseldorf Airport. Fluctuations in order numbers and inventory levels can be handled flexibly through specialist technology and dynamic staff deployment.

Luxembourg, Historical city center in the morning, Aerial View

Luxair orders four Embraer E195-E2 and secures delivery positions for additional five

October 11, 2023 / WIL BALDWIN

ERA General Assembly, Innsbruck, Austria, October 11, 2023 – Embraer SA (NYSE: ERJ) and Luxair, flag carrier of the Grand Duchy of Luxembourg, have signed a firm order for four E195-E2; the most efficient regional aircraft in the single aisle segment. The aircraft will complement the larger narrowbody aircraft recently ordered by the airline.

Luxair has ordered four E195-E2s, with two options and three purchase rights for more aircraft, with conversion rights to E190-E2 as required. The first aircraft delivery is scheduled for Q4 2025.

About Luxair

Founded in 1961, Luxair is a key player in the economy of the Grand Duchy of Luxembourg and the surrounding Greater Region. Passenger air transport is probably the most well-known activity of the general public. Luxair offers fast air service to most major cities, business centres and international hubs in Europe. The airline offers maximum flexibility to its business customers and quality travel to its leisure customers. Luxair’s tour operator offers a wide range of packages and themed holidays through its tourism division. Luxair is also the provider of airport services at Luxembourg Airport and its air cargo division handles all kinds of goods with ease and efficiency.

TAAG Angola Airlines to renew fleet with Boeing 787 Dreamliners

October 10, 2023 / WIL BALDWIN

Luanda, Angola, October 10, 2023, PRNewswire, – Boeing (NYSE: BA) and TAAG Angola Airlines announced today that the African carrier is adding the highly fuel-efficient 787 Dreamliner to its fleet with an order for four widebody jets.

TAAG Angola Airlines currently flies five 777-300ER (Extended Range) jets, three 777-200ER’s and seven 737-700’s to 12 destinations across Africa, Europe, South America and China.

Boeing’s Commercial Market Outlook for Africa projects that the continent will need 1,025 airplanes over the next two decades. Overall African air traffic growth is forecast at 7.4%, the third highest among global regions and above the global average growth of 6.1%.

Since revenue service began in 2011, the 787 family has launched more than 370 new nonstop routes around the world. The 787 Dreamliner reduces fuel use and emissions by 25% compared to the airplanes it replaces. Passengers enjoy a better experience with the largest windows of any jet, air that is more humid and pressurized at a lower cabin altitude for greater comfort, large overhead bins, soothing LED lighting, and technology that senses and counters turbulence for a smoother ride.

THEOS-2 satellite for Thailand successfully launched

October 9, 2023 / WIL BALDWIN

The Airbus Group SE (Paris: AIR) THEOS-2 Earth observation satellite has been successfully launched on a Vega rocket from Kourou, Europe’s spaceport in French Guiana. The Geo-Informatics and Space Technology Development Agency of Thailand (GISTDA) selected Airbus as partner for its next-generation national geo-information system in 2018.

THEOS-2 follows the Airbus-built THEOS-1 satellite launched in 2008, which still continues to deliver imagery well beyond its 10-year operational lifetime. In the frame of THEOS-2 programme, GISTDA’s geo-information system benefits from satellite imagery collected by the Airbus constellation of optical and radar Earth observation satellites such as Pléiades and TerraSAR-X.

The contract also includes a second Earth observation satellite – THEOS-2 SmallSAT – from Airbus’ subsidiary SSTL, combined with a comprehensive capacity building programme involving Thai engineers in the development of applications, ground segment and the SmallSAT spacecraft itself. THEOS-2 SmallSAT is based on SSTL’s CARBONITE series of Earth observation spacecraft and has been delivered to Thailand.

THEOS-2 satellite in anechoic chamber – Copyright Airbus

Allegiant Airlines secures financing for Airbus a320 ceo and Boeing 737 MAX aircraft

October 6, 2023 / WIL BALDWIN

Las Vegas, Nevada, October 3, 2023, PRNewswire – Allegiant Travel Company (NASDAQ: ALGT) announces financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas, Europe’s leading bank, and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.

The innovative $412M deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with healthy liquidity at an attractive cost in today’s market.

Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries.

Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319’s and A320’s.

Germany First Lady Elke Budenbender Christens Berlin Express

October 4, 2023 / WIL BALDWIN

Hapag-Lloyd AG (Frankfurt: HLAG) has officially welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some 300 guests from business and politics, naming patron Elke Büdenbender performed the ceremonial christening of the ship at the Container Terminal Burchardkai (Athabaskakai) in the Port of Hamburg. Among the guests were Peter Tschentscher, the First Mayor of Hamburg, and Daniel Günther, the Minister President of Schleswig-Holstein.

The Hamburg Express class will mark the beginning of a new era for Hapag-Lloyd and its fleet. In total, a dozen state-of-the-art large container ships will be put into service by 2025. Together, these vessels will make an important contribution to Hapag-Lloyd’s efforts to operate its entire fleet in a climate-neutral manner by 2045. Thanks to their cutting-edge dual-fuel technology, they will also be able to operate using non-fossil fuels, such as bio-methane and e-methane, and thereby generate hardly any CO2 emissions.

For the time being, liquefied natural gas (LNG) will be used, which will reduce CO2 emissions by up to 25 percent and soot emissions by 95 percent. In addition, advanced components – such as an optimised hull and a highly efficient propeller – will help the vessels to reduce fuel consumption and thereby greenhouse gas emissions.

The “Berlin Express” was built at the Hanwha Ocean shipyard in South Korea. With a length of almost 400 metres and a capacity of 23,600 TEU, it is the largest cargo ship ever to sail under German flag. The container ships in the Hamburg Express class will exclusively operate on the cargo-intensive Far East route between Asia and Europe. The “Berlin Express” will operate regularly on the FE3 service, which sails between Ningbo and Hamburg, via Xiamen, Kaohsiung, Yantian, Hong Kong, Singapore and Rotterdam.

LATAM receives first A321neo aircraft & orders 13 more

October 2, 2023 / WIL BALDWIN

Hamburg, Germany, October 2, 2023 – LATAM Airlines (OTC: LTMAY) has taken delivery of its first A321neo leased from AerCap Holdings NV (NYSE: AER) and placed an order for 13 additional A321neo aircraft to further expand its route network and drive its regional growth. This is the first delivery of a committed backlog of 76 A321neo aircraft. In total, LATAM has 111 A320 Family aircraft to be delivered.

The newly delivered A321neo for LATAM can seat up to 224 passengers and feature Airbus’ Airspace XL bins in the cabin. The larger bins provide a 40% increase in storage space and facilitates 60% more carry-on bags, allowing a more relaxed boarding experience for passengers and cabin crews. The newly delivered A321neo flew to its destination with 49% Sustainable Aviation Fuel (SAF).

LATAM Airlines Group and its affiliates are the main group of airlines in Latin America, with presence in five domestic markets in the region: Brazil, Chile, Colombia, Ecuador and Peru, in addition to international operations throughout Europe, Oceania, the United States and the Caribbean. Today, LATAM operates 240 Airbus aircraft and is the largest Airbus operator in Latin America. In July this year, LATAM took delivery of a new Airbus A320neo, the first delivery using 30% SAF.

Austrian Ministry of Defense selects Embraer C-390 as new military transport aircraft

September 20, 2023 / WIL BALDWIN

The Austrian Ministry of Defense announced today the decision to select the Embraer (NYSE: ERJ) C-390 Millennium aircraft as its new tactical transport solution. Embraer is honored to be chosen to support this important Air Force in Europe.

Austria joins Brazil, Portugal, Hungary and the Netherlands as future operator of the C-390 Millennium multi-mission platform, an aircraft that is rapidly redefining the standards of tactical transport in the world defense market.

Embraer is ready to support the Austrian Ministry of Defense and Air Force in order to meet the demanding requirements of their acquisition process and prepared to further strengthen the relationship with this nation.

Norse Atlantic Airways Q2 report shows strong growth momentum going into Q3 2023

September 1, 2023 / WIL BALDWIN

CEO, Founder and largest shareholder, Bjorn Tore Larsen:

“Q2 marked a significant period of ramping-up as we inaugurated new destinations in the US and Europe. Additionally, more of our fleet of fuel efficient Boeing 787 Dreamliners were brought into production. By the end of Q2 the airline had more than doubled capacity, with June being our first month of increased production, and notably our first month generating bottom line profits.

Q3 is expected to be our first financial quarter generating a profit. The move to profitability is driven primarily by having all 15 aircraft generating revenue for the first time, from July 1st; 10 of which are operating for Norse and five generating revenue through sublease income.

A milestone was passed during Q3 as we surpassed one million booked passengers. By providing affordable air fares on competitive and established routes to key primary airports and destinations, we allow more people to explore the world and enjoy the experience of long-haul travel whether for leisure or business. Norse will be the first truly low-cost profitable long-haul airline”.

For further information please see Q1 2023 report and company update presentation attached.

• Revenue increased by 152% quarter-on-quarter (“QoQ”) to USD 100.1 million

• 204,564 passengers carried, up 86% QoQ

• Revenue per passenger increased 89% QoQ to USD 422

• Available Seat Kilometres (ASK) up by 51% QoQ due to planned ramp-up as Norse brought more aircraft into production

• Positive EBITDAR of USD 2.2 million, the first positive EBITDAR on a quarterly basis since inception of the Company

• Intra-quarter Norse recorded its first profitable month (June) and continued positive momentum

into Q3

• Load factors showed strong development during the quarter, with monthly average load factors of 67%, 72% and 82% in April, May and June respectively. The positive development continued post quarter end with an average load factor of 85% in July

• USD 19.0 million cash generated from operations in the quarter, an increase of USD 39.8 million QoQ

• Total cash held at quarter end of USD 59.1 million

• As communicated in November 2022 in relation to a private placement at the time, Norse made good on its promise to shareholders that it would perform a repair offering, which it completed during the quarter, raising NOK 150 million gross (USD 14.1 million)

• Norse upgraded to Euronext Expand at Oslo Stock Exchange, a regulated market, during the quarter

• Heavy increase in production through Q3 compared to Q2 with all Norse aircraft generating revenue for the first time from 1st July 2023

Archives