Tag: investment (Page 2 of 10)

Apple TV+ Takes Flight with Air Canada

August 1, 2023 / WIL BALDWIN

Montreal, Quebec, Canada, August 1, 2023, CNW – Air Canada (Toronto: AC) today announced the expansion of its award-winning in-flight entertainment with the addition of exclusive Apple TV+ original programming beginning Aug. 1, 2023. The partnership marks Air Canada’s latest investment in the customer experience, adding critically acclaimed original programs including Ted Lasso, Bad Sisters, Severance, Foundation and many more for its global customers.

Earlier this year, Air Canada was recognized by Global Traveler as Best Airline for Onboard Entertainment for the fifth consecutive year, and by the Airline Passenger Experience Association (APEX) with the Passenger Choice Award for Best Entertainment in North America. With 420+ movies, 1,000+ TV episodes, 130+ music albums, podcasts and more, customers can enjoy the best programming from boarding to landing. All content onboard Air Canada’s inflight entertainment equipped aircraft is complimentary for all customers.

Air Canada’s partnership with Apple follows the airline’s recent collaboration with Mattel which brings more family fun with some of the most popular kids’ shorts.

In May, Air Canada and Bell began offering free messaging for all Aeroplan members worldwide on all Wi-Fi equipped aircraft across Air Canada’s fleet, including Air Canada Rouge and Air Canada Express flights. Customers can send and receive text-based messages via onboard Wi-Fi using popular messaging apps including Apple’s iMessage, Meta’s WhatsApp and Messenger, Rakuten’s Viber, and Messages by Google.

Last November, Air Canada became the only Canadian carrier to offer live Canadian TV featuring English and French channels, giving customers the ability to cheer on their favourite sports teams by watching global sporting events in real time, as well as live news onboard equipped flights.

Akiem & Alstom sign new framework agreement for 100 Traxx locomotives

July 17, 2023 / WIL BALDWIN

17 July 2023 – Alstom (OTC: ALSMY), global leader in smart and sustainable mobility, and Akiem European rolling stock leasing company have signed a framework contract for 100 Traxx Universal multi-system (MS3) locomotives. The firm part of the order includes 65 locomotives. The total amount of the framework agreement is up 500 million euros. Akiem confirms its leadership on the leasing European market and its ambition to contribute to the rail market’s accelerating activities, with major investment on corridors from France to 12 other European countries.

The Traxx Multi-system locomotives benefit from optimised energy consumption and can run both Freight and Passenger operations at a speed of up to 160 kilometres per hour. They will cover operations in 12 European countries: Germany, Austria, Switzerland, France, Italy, Belgium, Netherlands, Luxemburg, Hungary, Poland, Czech Republic, Slovakia. As a unique feature for multi-system locomotives, a part of them will be delivered with the last mile feature enabling to access ports, terminals or industrial sites without the need of a shunting locomotive.

All locomotives will be equipped with the leading signalling system ATLAS, Alstom’s onboard solution for the European Train Control System (ETCS). This system comes with the broadest coverage of countries and lines, both in ETCS as well as for legacy system operation, and superior two-out-of-three architecture.

Final assembly is planned to take place at the Alstom site in Kassel, Germany. Deliveries of the units are scheduled to take place between 2025 and 2028.

Mt. Hutt Aviation and 369 Ltd partner to become latest MD helicopters authorized service center

July 15, 2023 / WIL BALDWIN

MESA, Arizona, July 14, 2023 – MD Helicopters, LLC, is pleased to announce that Mt Hutt Aviation and 369 Ltd have teamed together to join MDH’s network of Authorized Service Centers (ASC). Together these organizations will increase the level of service and support to MDH aircraft in New Zealand and the surrounding Australasia region. Currently their combined maintenance services include over 40% of the MDH aircraft operating in this region.

With a combined 50+ years of experience maintaining helicopters between each organization, MHA and 369 capabilities include maintenance, avionics, refurbishment, and specialty paint services.

About Mt Hutt Aviation

Established in 2013, Mt Hutt Aviation delivers fleet management support and maintenance between two purpose-built facilities in Canterbury. In addition to maintenance capabilities, MHA offers 24/7 support on time-critical projects as well as on-site engineering and avionics services.

About 369 Ltd

Based in Tauranga in the North Island, 369 is a family operated business with decades of experience working exclusively with the MDH airframe. Their services include maintenance and repair on the full line of civilian single-engine MD Helicopters models.

About MD Helicopters

MD Helicopters, LLC (MDH) manufactures high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility, and VIP mission profiles. With thousands of aircraft in service worldwide, MDH has been designing and building aircraft known for their safety, versatility, responsiveness, speed, and reliability since 1947. Our commitment to product sustainment and customer success allows MDH to deliver aircraft unmatched in their performance and reliability. MD Helicopters, LLC is owned by an investment consortium comprised of MBIA Insurance, Bardin Hill Investment Partners LP, and MB Global Partners.

Air Inuit Ratifies Agreement to Acquire Three Boeing Next Generation 737-800 Aircraft

July 9, 2023 / WIL BALDWIN

Fleet Modernization

Air Inuit Ratifies an Agreement to Acquire Three Boeing Next- Generation 737-800 Aircraft to Better Serve the People of Nunavik and Beyond

Saint-Laurent, QC, July 3, 2023 – Air Inuit today announced the ratification of an agreement for the acquisition of three Boeing Next-Generation 737-800 aircraft to be added to its fleet as part of its mission to provide world-class passenger and freight service to the people of Nunavik, its Network and beyond. The aircraft will be customized using Air Inuit’s innovative combi configuration solution to provide safe and comfortable passenger service and reliable freight delivery simultaneously.

“The addition of these aircraft to our fleet enhances our capacity to efficiently transport passengers and deliver essential cargo to the communities we serve,” said Christian Busch, President and CEO of Air Inuit. “Acquiring these modern aircraft also supports our airline’s goal of reducing carbon emissions and doing our part in the fight against climate change.”

By eventually replacing the venerable Boeing 737-200 aircraft currently in service, fuel emissions will be cut by nearly 40 per cent.

The three Boeing Next-Generation 737-800 aircraft will be fitted with main deck cargo doors to meet requirements at hubs across Nunavik and beyond, which in turn service each of the communities of Air Inuit’s network.

This addition to Air Inuit’s fleet marks a milestone for the airline which was founded in 1978. “We can all be proud of this vital service which is celebrating 45 years of operation in 2023. Once again, Air Inuit is demonstrating leadership as it grows and adapts to the changing needs of the communities it serves,” said Noah Tayara, Executive Chairman of Air Inuit.

“The modernization of Air Inuit’s fleet is part of a broader initiative to fulfil its mission as an instrument of economic and social development which is wholly owned by the Nunavik

Press Release For Immediate Release

people,” said Pita Aatami, President of Makivik Corporation. “This is made possible thanks to important investments by the Inuit of Nunavik.”

The introduction of the three new aircraft will take place gradually over the next 24 months. This fleet modernization project and the growth of the region will require important governmental investments to upgrade Nunavik’s airstrips. Discussions are currently underway with stakeholders to ensure this vision is developed in accordance with the priorities of community members. Further details will be provided in the coming months.

About Air Inuit

Founded by the Inuit of Nunavik in 1978, Air Inuit, a wholly owned subsidiary of Makivik Corporation, was created to provide air connections between Nunavik’s 14 coastal villages and the South, to promote trade and to preserve Inuit culture. With more than 1,000 employees and a fleet of 30 aircraft, the Company is also committed to the development of this immense territory and the prosperity of its people by providing support to various community organizations, cultural events, educational and sports programs, as well as the implementation of employment access programs for Inuit people.

MEDIA INQUIRIES:

Tim Duboyce
Massy Forget Langlois Public Relations c: 514 604-9282
tduboyce@mflrp.ca

6005 boul de la Côte-Vertu Saint-Laurent (QC) H4S 0B1 airinuit.com

RYANAIR celebrates 15-year base anniversary and 33M passengers at Edinburgh Airport

July 8, 2023 / WIL BALDWIN

Ryanair (NYSE: RYAN), Edinburgh’s No. 1 airline, today (6^th July) celebrated the 15-year anniversary of its base and 33 millionth passenger at Edinburgh Airport. Ryanair first began operating to/from Edinburgh Airport in 2001 with its first flight from Dublin. The airline has since grown to become Edinburgh Airport’s biggest carrier operating a record schedule for Summer ’23, with over 590 flights per week across 69 routes, incl. 6 new routes – Belfast, Bournemouth, London, Newquay, Rhodes, and Venice – on its 11 based aircraft, which represent a $1.1 billion investment and support over 3,800 local jobs.

To celebrate the 15-year anniversary of Ryanair’s Edinburgh base, as well as 33 million passengers and its record-breaking Edinburgh schedule for Summer ‘23, the airline has launched a special seat sale with fares from £29.99 for travel between July and Sept available only at Ryanair.com.

DHL EXPRESS OPENS NEW $84.5M HUB IN ATLANTA

July 8, 2023 / WIL BALDWIN

DHL (OTC: DHLGY) Express, the world’s leading provider of express shipping services, has announced the grand opening of its Americas region hub based at the Hartsfield-Jackson Atlanta International Airport (ATL). With a focus on sustainability, the $84.5 million investment further strengthens the company’s connections and service capabilities between the U.S. and key global markets, increasing capacity, speeding transit times, and adding resilience to its network.

Spanning 100,000 square feet, the state-of-the-art hub establishes direct connections between 19 cities in the Southeastern U.S. and key global markets, including Europe and major DHL hubs worldwide. Future plans involve adding flight connections to Hong Kong, Mexico, the UK, and Puerto Rico.

The DHL Atlanta Hub also sets new standards for sustainability, generating up to 50% of its on-site energy consumption through 65,000 sq. ft of rooftop solar panels, preventing the release of 380 metric tons of CO2 emissions annually. The remaining energy consumed on-site is sourced from renewable sources through Renewable Energy Certificates (RECs), guaranteeing zero emissions from electricity consumption. Moreover, the hub employs environmentally conscious features such as LED lights, electric forklifts, dock seals, and rapid rise doors, further minimizing its environmental impact.

The Atlanta hub operates as a fully automated facility, equipped with cutting-edge technology capable of sorting up to 20,000 pieces per hour. To ensure swift clearance of DHL customer shipments, the hub employs in-house Customs brokers and collaborates with on-site U.S. Customs and Border Protection personnel. Additionally, DHL implements advanced threat detection and security screening technologies, effectively preventing the entry of illegal and hazardous commodities into its network.

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.

Rolls-Royce Completes Sale of Bergen Engines

January 4, 2022 / WIL BALDWIN

Rolls-Royce (OTC: RYCEY) announces the completion of the sale of our Bergen Engines business to Langley Holdings plc for an enterprise value of €63m. The completion of the transaction, which was announced on 3 August 2021, follows the conclusion of work to separate the business from the Group.

Sale proceeds of €91m from the transaction, together with €16m of cash held within Bergen Engines which has been retained by Rolls-Royce, will be used to help rebuild the Rolls-Royce balance sheet in support of our medium-term ambition to return to an investment grade credit profile. In 2020, Bergen Engines generated revenues of approximately €200m with the assets and liabilities of the business presented as held for sale in the Rolls-Royce Holdings plc consolidated balance sheet.

Aviation Capital Group Commits to 20 A220’s and 40 A320neo Family Aircraft

December 30, 2021 / WIL BALDWIN

Toulouse, France 30 December 2021 – Global full-service aircraft lessor Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a Memorandum of Understanding (MoU) with Airbus (OTC: EADSY) for 20 A220’s and a firm contract for 40 A320neo Family aircraft, of which five are A321XLR’s.

The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines. Featuring a 50% reduced noise footprint and up to 25% lower fuel burn per seat compared to previous generation aircraft, as well as around 50% lower NOx emissions than industry standards, the A220 is a great aircraft for regional as well as long distance routes operations.

With this order ACG is supporting the recently launched multi-million dollar ESG fund initiative by Airbus that will contribute towards investment into sustainable aviation development projects.

777 Partners Orders 30 Additional Boeing 737 MAX Airplanes

December 10, 2021 / WIL BALDWIN

Boeing [NYSE: BA] and 777 Partners have announced the Miami-based investment firm will nearly double its 737 MAX order book with the purchase of 30 additional jets. The new order expands 777 Partners’ commercial aircraft portfolio to a total of 68 737 MAX’s, in its fourth order this year for the fuel-efficient, single-aisle jets. Valued at $3.7 billion at list prices, the order will enable 777 Partners to expand 737 MAX operations across the fleet of its affiliated global low-cost carriers.

The 737 MAX family reduces fuel use and carbon emissions by at least 14% compared to the airplanes it replaces, reducing operating costs as well as the environmental footprint for 777 Partners’ affiliated airlines. Every 737 MAX features a passenger-pleasing Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

777 Partners is a Miami-based private alternative investment firm that invests across a number of high growth attractive verticals. Founded in 2015, 777 Partners initially applied its expertise in underwriting and financing of esoteric assets to diversify across a broad spectrum of financial services businesses, asset originators, and financial technology/service providers. In recent years, the firm has broadened its mandate and now invests across six different industries: insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment, and aviation.

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