Belfast, Northern Ireland – Ryanair (London: RYA.L), Europe’s no. 1 airline, today (04 March) announced it will return to Belfast City Airport after 11 years and is delighted to launch 8 new routes for summer ’21 connecting Belfast to a host of popular international summer destinations.
Northern Ireland consumers can now book a sunshine getaway to summer favourites, including Malaga (7 x weekly), Mallorca (7 x w), Faro (7 x w), Alicante (7 x w), Barcelona (5 x w), Ibiza (2 x w), Milan Bergamo (2 x w) and Valencia (2 x w), flying on the lowest fares and with the option to avail of Ryanair’s “zero change fee” offer should plans change.
The UK’s highly successful rollout of their vaccination program, which has seen almost 35% of the adult population of Northern Ireland already vaccinated, gives customers the confidence that Summer travel will be possible and with low fares now available from Belfast City Airport, there’s never been a better time to book a break to one of these 8 fantastic sun destinations for Summer 2021.
To celebrate the return to Belfast City Airport, Ryanair has launched a seat sale, with fares available from just £14.99 for travel from June to October 2021, which must be booked by midnight Saturday, 6th March only on Ryanair.com.
Boeing [NYSE: BA] and BBAM Limited Partnership today announced the lessor is expanding its 737-800 Boeing Converted Freighter fleet with six firm orders and six options. The agreement brings BBAM’s 737-800BCF orders and commitments to 15 and highlights the continued strength of the e-commerce and express cargo market.
“As we look ahead to expanding our cargo fleet, the 737-800 Boeing Converted Freighter provides the performance and efficiency our customers need,” said Steve Zissis, CEO of BBAM. “Adding these highly capable freighters to 276 Boeing airplanes in our managed fleet helps to further strengthen our leadership position in the marketplace.”
Based on the popular Next-Generation 737, the 737-800BCF is meeting customer demand for a newer-generation freighter that offers higher reliability and lower fuel consumption and operating costs per trip compared to other standard body freighters. Primarily used to carry express cargo on domestic or short-haul routes, the airplane is capable of carrying up to 23.9 tonnes (52,800 pounds) and flying up to 2,025 nautical miles (3,750 kilometers). Since entering service in 2018, the 737-800BCF has won more than 150 orders and commitments.
“BBAM is one of the industry’s leading full-service leasing companies and has built their reputation on smart investments. We are honored that BBAM has selected more 737-800BCFs, based on the success of our standard body freighters in their portfolio,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing. “The continued strong demand for the 737-800BCF demonstrates the critical role these converted freighters play in the growing express and e-commerce market.”
BBAM is the world’s largest dedicated manager of investments in leased commercial jet aircraft, providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades. BBAM is the only manager in the aircraft leasing industry focused exclusively on generating investment returns for third-party investors. BBAM currently has more than $28 billion of assets under management and employs over 150 professionals at its headquarters in San Francisco and in additional offices in Tokyo, Singapore, Zurich, Dublin and Santiago. For more information about BBAM, please visit its website at www.bbam.com.
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, announced the delivery of the first ever purpose-built turboprop regional freighter to the FedEx fleet. This follows the company’s 2017 signing of a firm order of 30 aircraft, with the option to purchase 20 more. The aircraft will arrive at Shannon Airport and will be operated by ASL Airlines Ireland, a FedEx ATR operator since 2000, as part of the FedEx Express Feeder fleet. This global fleet allows the company to provide fast, economical services to small and medium-sized business areas around the world.
The most fuel-efficient regional aircraft, the ATR turboprop is a popular choice for cargo and passenger operators committed to a more sustainable aviation industry for the future. ATR has extensive experience in the regional freighter market. There are currently around 130 converted ATR freighter aircraft in operation, representing one third of the global regional freighter fleet, and this brand-new ATR 72-600F incorporates the benefits of this knowledge to provide FedEx with a freighter that conforms to needed requirements. With the changing market and the growth of e-commerce, the ATR is perfectly fit to connect communities and economies around the world.
FedEx Express operations can now benefit from the unique advantages offered by the ATR 72-600F’s 75m3 freight capacity. The purpose-built freighter’s fuselage is a clean design, optimised for cargo and has been delivered by the turboprop manufacturer’s Italian shareholder Leonardo, from their facilities in Naples. The aircraft’s large cargo door facilitates the optimal loading of nine tonnes of payload and offers the option of carrying either bulk cargo or, when in Unit Load Device (ULD) mode, five 88” x 108” pallets or up to seven LD3 containers. Pilots can benefit from the latest upgradable Standard 3 avionics suite in the ATR 72-600, allowing the introduction of continuous cockpit innovations that improve efficiency.
Jorn Van De Plas, Senior Vice President Air Network and GTS Europe, FedEx Express said: “Today’s delivery of the first ever purpose-built regional ATR freighter marks an exciting new chapter for our FedEx Express Feeder fleet. This is an important step in our fleet renewal strategy, ensuring we remain the most flexible, reliable, and responsible network in the business.
Stefano Bortoli, Chief Executive Office of ATR, said: “Every manufacturer is proud when it develops and delivers a brand new aircraft, and given the uniquely challenging year the industry and the whole world has faced, handing over to FedEx Express this very first ATR 72-600F is an exciting and rewarding moment for our whole team here in ATR. Freighters play a huge role in supplying essential connectivity between economies all over the world and the unique aspects of our modern purpose-built freighter mean it will deliver operational benefits to companies that integrate them into their fleet.
As part of the FedEx Express commitment to circularity, the two aircraft being replaced by the new ATRs will be donated to Madrid airport where they will be used for fire services training. These will be the 97th and 98th planes FedEx has donated at the end of their service in the fleet.
This delivery is an encouraging move for the logistics and air cargo industry in how they can continue to support the economy around the globe.
DUBLIN, Ireland – Fly Leasing Limited (NYSE: FLY), a global leader in aircraft leasing, today announced it has closed a new $180 million Term Loan (the “2020 Term Loan”). The interest rate on the five-year term loan is LIBOR plus 6.00% with a 1.00% LIBOR floor. The financing was issued at an original issue discount of 4.5%. The 2020 Term Loan will be secured by 11 narrowbody aircraft owned by FLY and its subsidiaries, four of which are unencumbered and seven of which are currently financed in FLY’s 2012 Term Loan. The proceeds will be used for general corporate purposes.
“FLY is enhancing its liquidity position with the successful completion of a new $180 million term loan that attracted strong demand from a robust group of institutional lenders,” said Colm Barrington, CEO of FLY. “FLY does not have any aircraft orders or other foreseeable capital commitments. Additionally, FLY only has three aircraft remaining to be remarketed in 2020, representing 2.4% of net book value.”
Following completion of the financing of the collateral pool under the 2020 Term Loan and the anticipated transfers of certain unencumbered aircraft into the 2012 Term Loan, FLY will have a total of nine unencumbered narrowbody aircraft with a net book value of $204 million.
Alstom has delivered the first of eight new Citadis tramways to Dublin, as part of a partnership with Transport Infrastructure Ireland (TII) and the National Transport Authority (NTA) that will also see it extend 26 existing vehicles.
The first of the new trams, manufactured in La Rochelle, have been shipped to Ireland and assembled in Transdev’s Sandyford depot. The first two new Citadis tramways will enter service today.
The eight newly-ordered tramways will be 55 meters long, the longest single unit Citadis trams in the world, offering more capacity to support demand in Dublin’s rush hour. Each of the 26 extended trams will also be 55 metres (from 43 metres currently).
Alstom has also agreed with TII and the NTA to fit its new eMapping technology to some of Dublin’s tramways fleet. By the end of the year, four tramways in the city will be fitted with remote sensors that compile data on energy usage. Alstom and TII are aiming to reduce energy consumption on Dublin’s tramways through a series of energy efficiency measures.
More than 2,600 Citadis tramsets have been sold to over 50 cities in five continents. They have been in operation since 2000. This experience enables Alstom to innovate, offering greater comfort for passengers and simplified commercial management for operators. Citadis is environmentally friendly being up to 98% recyclable.
LONDON (Reuters) – Irish airline Aer Lingus said it was reviewing its social distancing procedures after a flight on Monday was packed with passengers.
European flights have all but come to a standstill during the coronavirus pandemic with only a few services operating for essential travel such as people going to work or being repatriated, or for cargo.
While there is no visibility on when travel restrictions will ease, airlines are considering how to safely restart services and give passengers confidence to fly.
Aer Lingus, owned by IAG <IAG.L>, said it would consider how it operates after its Belfast to London Heathrow flight on Monday had “unexpectedly high loads” and that due to the level of the demand for the route, it could need to make changes.
“Aer Lingus is reviewing its processes and procedures applicable to the operation of this service,” an Aer Lingus spokeswoman said, adding that safety was its top priority.
Some airlines have discussed leaving middle seats empty on flights to enable social distancing, while other airlines such as Germany’s Lufthansa <LHA.DE> and Hungary’s low cost airline Wizz Air <WIZZ.L> have made it compulsory for passengers to wear face masks on flights.
(Reporting by Sarah Young and Ian Graham; Editing by Kirsten Donovan)
FILE PHOTO: The Aer Lingus EI-DER Airbus A320 makes its final approach for landing at Toulouse-Blagnac airport
OSLO (Reuters) – Norwegian Air’s turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early trade.
The airline’s yield – income per passenger carried and kilometre flown – rose 15% to 0.40 Norwegian crown ($0.0435), its monthly traffic report showed on Thursday, beating a 0.37 crown forecast in a Reuters poll of analysts.
The company cut its capacity by a bigger-than-expected 29% in January from a year earlier. Analysts had expected a 22.2% decline in capacity for the month.
Norwegian’s shares traded 4.3% higher at 39.66 crowns by 0839 GMT, but are still down 46% in the last 12 months.
“I am pleased that we continue to deliver on the strategy of moving from growth to profitability,” Chief Executive Jacob Schram, in office since the start of the year, said in a statement.
Norwegian has shaken up the transatlantic travel market with low fares, but breakneck expansion and the grounding of its Boeing MAX fleet also brought mounting losses, forcing the company repeatedly to raise cash from owners.
Seeking to turn itself around and avoid joining the ranks of collapsed airlines, the company announced in October it would cut its capacity by 10% in 2020 from 2019.
Another measure, revenue per available seat kilometre, or RASK, grew by 22% year-on-year to 0.32 crowns, beating the 0.30 crowns predicted by analysts, and Norwegian also raised its fuel hedges to guard against a spike in prices.
The increase in RASK pointed to better operating margins at the carrier, said Danske Bank analyst Martin Stenshall, who holds a buy recommendation on the stock.
Norwegian on average filled 80.9% of seats in January, up from a load factor of 76.1% a year ago and beating an average forecast of 80.6%.
Routes between Ireland and the United States and Canada were cut from Norwegian’s schedule last September, and in December the company announced the sale of its domestic business in Argentina.
The cutbacks may also alleviate the pressure on rivals such as Scandinavian Airlines, which now faces less head-to-head competition on routes between Europe and the United States.
($1 = 9.1879 Norwegian crowns)
(Editing by Gwladys Fouche and Barbara Lewis)
Norwegian Air Sweden Boeing 737-800 plane SE-RRJ approaches Riga International Airport in Riga
DUBLIN (Reuters) – Brazilian low-cost carrier GOL, which has 130 of Boeing’s grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months, chief financial officer Richard Lark said on Monday.
“We at GOL are planning April” for the jet’s return to service, Lark told journalists. He said he expected to finalize a deal with Boeing within months that would “make investors whole” for losses associated with the delivery delays.
(Reporting by Conor Humphries; editing by David Evans)
FILE PHOTO: An employee works near a Boeing 737 Max aircraft at Boeing’s 737 Max production facility in Renton
DUBLIN, Jan 20 (Reuters) – Airlines with the best environmental scores should pay less for leasing aircraft than more polluting competitors, the head of one of the world’s top leasing companies said on Monday.
The radical proposal from Dublin-based Avolon comes as aviation firms face mounting scrutiny over climate policies not only from environmental groups but also investment funds that monitor Environmental, Social and Governance (ESG) performance.
Avolon, one of the top three aircraft lessors, claims to have one of the industry’s youngest and most efficient fleets.
“But that narrative is not good enough for the next 1, 2, 3 or 4 years,” Chief Executive Domhnal Slattery warned.
“More and more of our major bond investors are keen to understand what our ‘E’ strategy is within ‘ESG’. We in turn are keen to understand when underwriting our airline credits what their ‘E’ strategy is,” he told Reuters.
Slattery predicted that lessors, which depend heavily on access to funds to run their capital-intensive businesses, would in future exert more pressure on airlines.
“You could see over time that airlines that have a better environmental score could get lower lease rates,” he said.
Seven-year contract will see fleet maintained by the train’s manufacturer, Alstom
Britain’s most iconic train fleet is to undergo a major refurbishment that will create scores of high-skilled engineering jobs and secure hundreds more roles throughout the UK.
In a boost to the manufacturing sector, all 56 electric Pendolino trains deployed on the West Coast Mainline will be overhauled in a seven-year deal worth approximately €755 million (£642 million) signed between the route’s new operator, Avanti West Coast, and Alstom which built the fleet.[1]
As well as covering a €150 million (£127 million) upgrade programme of the Pendolinos, which is believed to be the biggest train upgrade programme ever undertaken in the UK, the deal will see Alstom maintain them until 2026 alongside a new train fleet recently ordered from Hitachi.
The first of the revolutionary tilting Pendolino trains entered service on the London to Glasgow route in January 2003. The overhaul will focus on onboard facilities, with passengers benefitting from more comfortable seating, improvements to the shop, revamped toilets, better lighting, new interiors, and the installation of at-seat chargers and improved Wi-Fi throughout. Performance will also be improved through new maintenance programmes.
The deal will create 100 high-skilled roles, mostly based at Alstom’s Transport and Technology Centre in Widnes, with hundreds more existing engineering jobs secured at key depots in Glasgow, Liverpool, Manchester, Oxley and Wembley.
Liverpool City Region Metro Mayor, Steve Rotheram, said: “In the Liverpool City Region, we’re trying to create a fair and inclusive economy where local people benefit from investment. The Combined Authority have provided £3.4m in funding to help Alstom open their ground breaking facility in Halton. I’m really pleased that – because of this brand new facility – local people will benefit through jobs and apprenticeships for years to come through projects like this.”
Managing Director of Avanti West Coast, Phil Whittingham, said: “The Pendolino is an iconic passenger train and we’re delighted to be giving it a new lease of life. This deal will improve the experience of passengers and ensure the fleet can continue to serve communities up and down the west coast route in the years ahead.”
Nick Crossfield, Managing Director, Alstom UK & Ireland added: “Alstom are proud to have been trusted by First Trenitalia to maintain the Avanti West Coast fleet and upgrade the Pendolino trains. Over the last 15 years these trains have revolutionised travel for passengers, with faster and more frequent services.
“Passengers can now look forward to a new chapter in this story with Avanti West Coast, and with this contract in place, Alstom can look forward to investing even more in high quality jobs and apprenticeships as we deliver these improvements.”
Alan Lowe, CFO of Angel Trains which leases the fleet to Avanti West Coast, said: “The refurbishment of the Avanti West Coast fleet will dramatically improve passenger experience and create highly-skilled jobs in local communities, so we’re delighted to be supporting First Trenitalia and Alstom as this exciting project commences. Angel Trains is committed to investing in the modernisation of UK Rail and this transformative project will ensure that Pendolino trains reflect the evolving needs of today’s passengers and continue to be an iconic part of our railways.”
[1] Booked in the third quarter (Q3) of the 2019/2020 fiscal year.
