Tag: exchange (Page 2 of 11)

Airbus and Tata to set up first helicopter Final Assembly Line in India

January 26, 2024 / WIL BALDWIN

New Delhi, India, January 26, 2024 – In a major boost to ‘Make in India’, Airbus Group SE (Paris: AIR) Helicopters has announced that it is partnering with the Tata Group to establish a Final Assembly Line (FAL) for helicopters in the country. The FAL will produce Airbus’ best-selling H125 helicopter from its civil range for India and export to some of the neighbouring countries.

The FAL will be the first instance of the private sector setting up a helicopter manufacturing facility in India, providing a major boost to the Government of India’s ‘AatmaNirbhar Bharat’ (self-reliant India) programme. Under this partnership, Tata Advanced Systems Limited (TASL), a subsidiary of Tata Group, will set up the facility along with Airbus Helicopters.

The announcement was made during the two-day visit of French President Emmanuel Macron to India as Chief Guest at the Republic Day celebrations on January 26.

The FAL in India will undertake the integration of the major component assemblies, avionics and mission systems, installation of electrical harnesses, hydraulic circuits, flight controls, dynamic components, fuel system and the engine. It will also do testing, qualification, and delivery of the H125 to customers in India and the region. The FAL will take 24 months to set up and deliveries of the first ‘Made in India’ H125s are expected to commence in 2026. The location of the FAL will be jointly decided by Airbus and the Tata Group.

Forward-Looking Statements

This press release may 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.

Airbus and Air India to launch pilot training center

January 22, 2024 / WIL BALDWIN

Hyderabad, Telangana, India, January, 2024 – Delivering on its commitment to ‘Skill India’, Airbus Group SE (Paris: AIR) has entered into a 50:50 joint venture with the Tata-owned Air India to launch a world-class pilot training centre in Gurugram, Haryana. The Tata Airbus Training Center will offer A320 and A350 flight training to some 5,000 new pilots over 10 years. The sprawling 3,300 sq.mt. centre will be equipped with 10 Full Flight Simulators (FFS), flight training classrooms and briefing and debriefing rooms as part of the complete Airbus Flight Training Device setup.

The training centre is due to be operational starting early 2025 with the initial installation of four A320 FFS. The Tata Airbus Training Centre will offer courses approved by Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA).

Airbus has also partnered with GMR Aero Technic to offer Aircraft Maintenance Engineering training courses at the latter’s facility in Hyderabad. Airbus will provide training material such as trainee handbooks, examination database, online access to Airbus customised training modules and Airbus Competence Training (ACT) for Academy media package. Airbus will also train GMR instructors and provide continual assessment of the training center.

Forward-Looking Statements

Akasa Air orders 150 more Boeing 737 MAX aircraft

January 19, 2024 / WIL BALDWIN

Hyderabad, India, January 18, 2024 – Boeing (NYSE: BA) and Akasa Air announced today the Indian carrier has placed a follow-on 737 MAX order, confirming 150 more fuel-efficient jets in its order book. The purchase of 737-10 airplanes and additional 737-8-200 jets by India’s all-737 operator was revealed at the Wings India 2024 airshow.

Akasa Air will leverage the 737 MAX family to expand its domestic and international network in the coming years. Since launching operations in 2022, the airline has captured approximately 4% of India’s domestic market, serving 18 destinations with a fleet of 22 737 MAX jets. Both 737 MAX variants will provide Akasa Air with added capacity and range on new and existing routes, while reducing fuel use and carbon emissions by 20% compared to older-generation airplanes.

As Akasa Air looks to expand its network in India and South Asia, Boeing’s 2023 Commercial Market outlook forecasts delivery of 2,705 new commercial airplanes over the next 20 years for the region, of which nearly 90% will be single-aisle jets. This order finalized in December 2023 and was unidentified on the Boeing Orders & Deliveries website.

Forward-Looking Statements

Embraer delivers Ipanema agricultural airplane number 1,600

January 15, 2024 / WIL BALDWIN

Botucatu, Brazil, January 15, 2024 — Embraer SA (ADR-NYSE: ERJ) Agricultural Aviation Division delivered 65 Ipanema airplanes in 2023, an increase of 18% compared to the previous year. As a result, in December, the company reached the milestone of 1,600 units produced and delivered over the aircraft’s five decades of uninterrupted production.

Since the launch of the new version of the EMB-203 model in 2020, the company has seen continuous growth in sales and plans to increase production to 70 planes this year.

As the leader in the Brazilian aerial applications market, the Ipanema brings innovations and improvements that increase robustness with low operating costs and carbon emissions. The Ipanema is the only agricultural airplane certified and produced in series to fly on ethanol, a renewable energy source that provides increased power to the aircraft’s engine.

Forward-Looking Statements

Signia by Hilton debuts flagship downtown Atlanta hotel

January 15, 2024 / WIL BALDWIN

Atlanta, Georgia – Hilton Worldwide Holdings Inc. (NYSE: HLT) announced the highly anticipated opening of the 976-room Signia by Hilton Atlanta, marking the first new build and Georgia hotel for the Signia by Hilton brand, and Atlanta’s largest ground-up hotel development project in 40 years. Inclusive of the property’s debut, Atlanta represents Hilton’s largest market globally by number of hotels with a portfolio of 136 hotels across 13 brands welcoming travelers to the destination. In Atlanta, Hilton also has a pipeline of more than 40 hotels in various stages of design and construction.

Poised to become a signature landmark and economic catalyst on the city’s west side, Signia by Hilton Atlanta is owned by Georgia World Congress Center Authority (GWCCA) and forms part of the Authority’s Championship Campus, North America’s largest combined convention, sports, and entertainment destination, which also includes Georgia World Congress Center, Mercedes-Benz Stadium and Centennial Olympic Park. Built on the repurposed foundation of the Georgia Dome, the hotel features eight food and beverage experiences; a spa, beauty bar, rooftop pool and fitness center; more than 100,000 square feet of flexible meeting space, including the largest hotel ballroom in Georgia; a grand outdoor event deck and lawn; and Club Signia.

Signia by Hilton Atlanta was developed by Boston-based Drew Company, with Gensler as the architect and interior designer, and a joint venture between Skanska and SG Contracting as the general contractor. As the tallest building on the west side of Atlanta, the 42-story, 1.25 million square foot property is enveloped in wall-to-wall glass, offering panoramic views of downtown Atlanta, an inspiring and curated art collection, and inviting spaces.

All guest rooms at Signia by Hilton Atlanta offer spectacular floor-to-ceiling windows with panoramic views and reflect the warmth and refinement of Southern luxury, featuring a combination of earth toned-fabrics, rich wood and rattan textures, and brass finishes. The colors and materials are inspired by the building’s unique location in the city, paying homage to some of the most historically important and culturally significant neighborhoods in Atlanta. Shades of amber, deep brown, soft beige, and slate blue evoke a subtle sophistication, while black and metallic details bring an understated modern twist. Together, these design elements invite guests to celebrate the distinguished style of Southern hospitality through a timeless look that is both stylish and functional.

Forward-Looking Statements

Lockheed Martin Photography By Garry Tice 1011 Lockheed Way, Palmdale, Ca. 93599 Event: X-59 - Glamour Shoot Day Date: 12/12/2023 Additional Info:

Skunk Works® Rolls Out X-59, NASA’s Newest X-Plane

January 12, 2024 / WIL BALDWIN

Palmdale, California, January 12, 2024, PRNewswire – Lockheed Martin Skunk Works^® (NYSE: LMT) rolled out the X-59, a unique experimental aircraft designed to quiet the sonic boom, at a ceremony in Palmdale, California. The ceremony marked a significant milestone in Lockheed Martin’s and NASA’s decades-long journey to solve one of the most persistent challenges of supersonic flight, the sonic boom.

Rollout ceremonies are a long-standing aviation tradition, and in the case of the X-59, it celebrated technical advancements, collaboration and innovation that stemmed from years of research, development and production of a one-of-a-kind technology demonstrator aircraft that will reduce the loudness of sonic booms to a gentle thump.

Next, the aircraft will complete ground tests including engine-run and taxi tests before its next major milestone, first flight, later this year. After the aircraft is validated in initial flight tests, it will move into the acoustic testing phase. This phase will include flights over populated areas to provide U.S. and international regulators with statistically valid data required to help approve new rules that could allow quiet commercial supersonic flight over land. This would cut commercial flight times to half of what they are today, transforming travel for people around the world.

Forward-Looking Statements

Alstom to build two infrastructure sections on Florence tramway Line 4

January 12, 2024 / WIL BALDWIN

January 12, 2024 – Alstom SA (Paris: ALSO), a global leader in smart and sustainable mobility, has been awarded a contract by the Municipality of Florence, valued at € 50 million for the construction of track, catenary, substations, and lighting system for Line 4.2 of the city’s tram system, with an option for Line 4.1, worth €49 million.

The tender was awarded to a temporary consortium of companies composed by the mandated company CMB together with Alstom, Hitachi Rail and ComNet, and covers operations spanning across a distance of 5.3 kilometres (11 stops) of Line 4.2 Campi Bisenzio-Piagge. The Line 4.2 will connect Le Piagge station to San Donnino and from there to the centre of Campi Bisenzio.

The contract includes an option, for the second lot, which will cover the 6.3 kilometres of Line 4.1 Piagge-Leopolda (13 stops) will connect Line 4.2 with the city centre.

The project is financed by National Recovery and Resilience Plan funds.

The works will be carried out by the System & Infrastructure team in Rome and the components for the electric traction will be designed and supplied by the Alstom site in Valmadrera, Lecco.

Forward-Looking Statements

Rolls-Royce welcomes EVA Air as new customer

January 12, 2024 / WIL BALDWIN

Rolls-Royce Holdings PLC (London: RR) today announces it has signed a Letter of Intent for a TotalCare® maintenance agreement with Taiwanese airline EVA Air for 36 Rolls-Royce Trent XWB-97 engines that will power 18 new Airbus A350-1000 aircraft. The agreement provides the airline with predictability as well as a known cost for the services and maintenance of the fleet.

This will be the first time EVA Air includes the Rolls-Royce Trent engine in its fleet. Rolls-Royce is delighted to welcome EVA Air as a new customer.

TotalCare is designed to provide operational certainty for customers by transferring time on wing and maintenance cost risk back to Rolls-Royce. This industry-leading premium service offering is supported by data delivered through the Rolls-Royce advanced engine health monitoring system, which helps provide customers with increased operational availability, reliability and efficiency.

Forward-Looking Statements

Delta Air Lines orders 20 Airbus A350-1000 aircraft

January 12, 2024 / WIL BALDWIN

January 12, 2024, Herndon, Virginia – Delta Air Lines Inc (NYSE: DAL) has chosen Airbus Group SE (Paris: AIR) to meet its needs for modern efficient widebodies having placed a first order for 20 A350-1000 aircraft. The A350-1000 will be a new aircraft type in Delta’s fleet.

Delta Air Lines currently operates more than 450 Airbus aircraft from the A220 to the A350-900, with more than 200 additional airplanes on order.

Forward-Looking Statements

Transavia France takes delivery of its first A320neo

January 10, 2024 / WIL BALDWIN

Toulouse, France, January 10, 2024 – French low-cost carrier Transavia France, part of the Air France-KLM Group, has taken delivery of its first Airbus Group SE (Paris: AIR) A320neo, on lease from Avolon, from Airbus manufacturing site in Toulouse. The airline has opted for the Airbus option to have the delivery flight to Paris-Orly powered by a sustainable aviation fuel blend on board.

The new aircraft features 186 seats in a single class layout. Selected for its outstanding operational efficiency, reduced emissions and comfort, the A320neo will be deployed by Transavia France on its services on its domestic network as well as across its European and Mediterranean markets.

Forward-Looking Statements

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