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Spirit AeroSystems Reports Third Quarter 2021 Results

November 4, 2021 / WIL BALDWIN

Spirit AeroSystems Reports Third Quarter 2021 Results

Delivered 250 shipsets, compared to 206 in Q3 2020; delivered 47 737 shipsets in Q3 2021 compared to 15 in Q3 2020
Revenue of $980 million in Q3 2021, compared to $806 million in Q3 2020
Cash guidance unchanged: full-year 2021 cash used in operations is expected to be between $(50) to $(150) million; full-year 2021 free cash flow* is expected to be between $(200) and $(300) million
EPS of $(1.09) in Q3 2021 compared to $(1.50) in Q3 2020
Established business divisions to focus on key growth markets: Commercial, Defense & Space, and Aftermarket; Segment reporting change beginning Q4 2021

Spirit-Aerosystems-Q3-2021

Embraer’s Eve and Kenya Airways Partner on the Future of Urban Air Mobility

August 12, 2021 / WIL BALDWIN

Eve Urban Air Mobility Solutions (“Eve”) signed a Memorandum of Understanding (MoU) with Kenya Airways PLC, the flag carrier of Kenya, through its fully owned subsidiary Fahari Aviation. This collaboration aims to develop operational models for the wide-accessibility of Urban Air Mobility (UAM) to support Fahari Aviation’s key markets. In addition, this partnership will establish the co-creation of a foundation of concepts and procedures to safely scale electrical vertical takeoff and landing (eVTOL) aircraft, also known in the market as EVA (Electrical Vertical Aircraft).

Eve will support Fahari Aviation, the Unmanned aircraft systems (UAS) division of Kenya Airways that promotes safe and secure UAS usage in the region, in establishing its UAM network and collaborate on the required Urban Air Traffic Management (UATM) procedures and UAM operating environment. This partnership will also allow Fahari Aviation to support Eve’s aircraft and product development process which will help guide the integration of UAM with Kenya Airways’ overall operations. Eve’s fully electric aircraft is designed to be accessible to all while being a community-friendly aircraft with a low noise signature and no emissions. It aims to drastically cut road travel time. It is ideally suited as a UAM aircraft bringing all traditional aviation travelers closer to their final destination efficiently and comfortably.

The partnership will deliver a robust strategy to provide Fahari Aviation’s passengers with a sustainable, accessible, and affordable transportation option. It is estimated that using UAM from the airport to downtown, EVA can reduce conventional road trips by up to 90% turning an hour and a half ride into a 6-minute flight.

Allegiant Airlines Announces Major Service Expansion

January 15, 2021 / WIL BALDWIN

Allegiant (NASDAQ: ALGT) today announces 21 new nonstop routes, including nine routes to three new cities: Portland, Oregon; Key West, Florida, and Jackson Hole, Wyoming. Included as part of today’s announcement are eight routes that were delayed in 2020 due to the COVID-19 pandemic.

“Today, travelers are seeking destinations that allow them the chance to recreate in a safe way, usually outdoors,” said Drew Wells, Allegiant’s vice president of revenue and planning. “The three cities we’re adding to our network – Key West, Portland and Jackson Hole – are gateways to some of the United States’ most scenic destinations, including national parks and other outdoor attractions that are in high demand.”

New service from Jackson Hole Airport (JAC) includes:

Los Angeles, California via Los Angeles International Airport (LAX) – beginning June 2, 2021.
Phoenix, Arizona via Phoenix Mesa Gateway Airport (AZA) – beginning June 2, 2021.
Las Vegas, Nevada via McCarran International Airport (LAS) – beginning June 4, 2021.
Reno, Nevada via Reno-Tahoe International Airport (RNO) – beginning June 4, 2021.

New service from Key West International Airport (EYW) includes:

Nashville, Tennessee via Nashville International Airport (BNA) – beginning June 2, 2021.
Sanford, Florida via Orlando Sanford International Airport (SFB) – beginning June 4, 2021.

New service from Portland International Airport (PDX) includes:

Santa Maria, California via Santa Maria Airport (SMX) – beginning April 15, 2021.
Monterey, California via Monterey Regional Airport (MRY) – beginning May 28, 2021.
Idaho Falls, Idaho via Idaho Falls Regional Airport (IDA) – beginning May 28, 2021.

New service from General Wayne A. Downing International Airport (PIA) includes:

Sarasota, Florida via Sarasota-Bradenton International Airport (SRQ) – beginning May 27, 2021.
Denver, Colorado via Denver International Airport (DEN) – beginning May 28, 2021.

The new route to/from Charleston, South Carolina via Charleston International Airport (CHS) includes:

Belleville, Illinois/ St. Louis, Missouri via MidAmerica St. Louis Airport (BLV) – beginning May 28, 2021.

The new route to/from Baltimore, Maryland via Baltimore/Washington International Thurgood Marshall Airport (BWI) includes:

Punta Gorda, Florida via Punta Gorda Airport (PGD) – beginning May 27, 2021.

In addition to these new routes, Allegiant is announcing new dates for eight routes that were postponed in 2020 due to the pandemic.

The rescheduled routes to Norfolk International Airport (ORF) include:

Pittsburgh, Pennsylvania via Pittsburgh International Airport (PIT) – beginning June 3, 2021.
Columbus, Ohio via Rickenbacker International Airport (LCK) – beginning June 3, 2021.

The rescheduled route to Nashville, Tennessee via Nashville International Airport (BNA) includes:

Greensboro, North Carolina via Piedmont Triad International Airport (GSO) – beginning June 3, 2021.

The rescheduled route to/from Boston, Massachusetts via Boston Logan International Airport(BOS) includes:

Grand Rapids, Michigan via Gerald R. Ford Airport (GRR) – beginning March 5, 2021.

The rescheduled route to/from Louisville, Kentucky via Louisville International Airport (SDF)includes:

Charleston, South Carolina via Charleston International Airport (CHS) – beginning May 28, 2021.

The rescheduled route to/from Myrtle Beach, South Carolina via Myrtle Beach International Airport (MYR) includes:

Knoxville, Tennessee via McGhee Tyson Airport (TYS) – beginning June 2, 2021.

The rescheduled routes to/from Hudson Valley, New York via New York Stewart International Airport (SWF) include:

Destin, Florida via Destin-Fort Walton Beach Airport (VPS) – beginning June 13, 2021.
Savannah, Georgia via Savannah International Airport (SAV) – beginning May 26, 2021.

Optional baggage charges and additional restrictions may apply. For more details, optional services and baggage fees, please visit Allegiant.com

Air Malta Launches Lifeline Schedule as Europe COVID-19 Situation Worsens

January 15, 2021 / WIL BALDWIN

Air Malta has launched its second ‘lifeline schedule’, following the worsening of the COVID-19 pandemic all over Europe. The schedule, intended to ensure essential passenger and cargo connectivity to and from the Maltese Islands to key airports, will commence on Wednesday 27th January.

For now, the lifeline schedule is being introduced until the end of February, however, following evaluations in the coming weeks on developments throughout Europe, Air Malta will consider whether to extend it further.

The National Airline has been at the forefront in efforts to ensure essential passenger connectivity to selected major European cities as well as a continuous connectivity for cargo, mail and essential medical supplies including the COVID-19 vaccine and other resources that are critical to the Islands’ supply chain. It is intended to guarantee peace of mind and stability for the Islands during these uncertain and testing times.

Air Malta will be operating 19 weekly return flights to eight destinations: Amsterdam, Brussels, Catania, Frankfurt, London Heathrow, Paris Charles De Gaulle, Rome and Zurich with the below schedule:

The Airline will continue making changes to its flight schedule to maximize capacity whilst ensuring connectivity.

Alaska Airlines Adds More Destinations From Anchorage

December 18, 2020 / WIL BALDWIN

Alaska Airlines continues to strengthen its presence at one of the airline’s key hubs in Anchorage with new nonstop service to three “sun and fun” destinations – Las Vegas, Denver and San Francisco – and the expansion to year-round service to a popular fourth destination, Phoenix.

Come this summer, Alaska will fly eight nonstops from Anchorage to these destinations in the Lower 48: Chicago O’Hare, Denver, Las Vegas, Los Angeles, San Francisco, Seattle, Phoenix and Portland. Four of the cities on the West Coast are also Alaska hubs, which allow for improved connectivity for guests traveling to other locations.

The newly announced routes will connect Anchorage to more places that offer warm sunshine, big city vibes and the sky’s the limit on what to do. New service to Las Vegas, Denver and San Francisco begins this summer; the Las Vegas flight will be offered year-round with seasonal flights to Denver and San Francisco. The current seasonal flight between Anchorage and Phoenix will now fly year-round.

The Anchorage-San Francisco flight – first announced in August 2019 – was scheduled to start in April 2020, but it was delayed due to the pandemic.

Tickets for the new routes are now on sale at alaskaair.com.

“The demand for leisure travel in 2021 is beginning to return as our guests look ahead, and we’re offering even more nonstops to take Alaskans to the places they want to go,” said Marilyn Romano, Alaska Airlines’ regional vice president. “We believe our guests will love the convenient nonstops to Vegas, Denver and San Francisco, in addition to our daily nonstop flight to Phoenix that’s now set to fly year-round.”

Start Date	End Date	City Pair	Frequency	Aircraft
May 20, 2021	Year-round	Anchorage – Las Vegas	Th, F, Sa, Su	737
June 17, 2021	Aug. 16, 2021	Anchorage – Denver	Daily	737
June 17, 2021	Aug. 16, 2021	Anchorage – San Francisco	Daily	737
Year-round	Year-round	Anchorage – Phoenix	Daily	737

In addition to Alaska’s continuing commitment to service at Anchorage, the airline partners with non-profit organizations throughout the state focused on helping those impacted by the pandemic. Alaska Airlines and Alaska Air Cargo are currently supporting residents across the state by transporting COVID-19 vaccines, including to some of the most remote communities in the U.S.

“More than 1,800 Alaska Airlines employees call Alaska home, making our connections to the communities we serve here very personal. We’re here in good times and in difficult times,” said Romano. “We’re honored to play our role to make sure this life-saving vaccine gets to the people who need it most as quickly and safely as possible.”

French Airbus Workers Sign Key Restructuring Deal

October 12, 2020 / WIL BALDWIN

FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais, near Nantes, France, July 2, 2020. REUTERS/Stephane Mahe/File Photo

TOULOUSE, France (Reuters) – Major French unions on Monday signed a keenly awaited labor deal with Europe’s Airbus <EADSY> covering job reductions and furloughs for production workers affected by coronavirus-blighted demand for passenger jets.

After three months of talks, unions representing a majority of the planemaker’s French workers signed an agreement paving the way for 4,200 job reductions in France, including 3,400 in Toulouse, Europe’s aerospace capital where Airbus is based.

Unions say the agreement will prevent compulsory redundancies, although Chief Executive Guillaume Faury recently warned staff that voluntary measures would not be enough.

Click the link below for the full story!

https://finance.yahoo.com/news/french-airbus-workers-sign-key-191527471.html

**Airbus Delivered the A330 Family’s 1,500th airplane on 21st September to Delta Air Lines**

Boeing Partners with General Atomics & Aerojet Rocketdyne in Homeland Missile Defense Bid

September 27, 2020 / WIL BALDWIN

Boeing [NYSE: BA] is teaming with General Atomics Electromagnetic Systems and Aerojet Rocketdyne [NYSE: AJRD] in its bid to build the Next Generation Interceptor (NGI) for the U.S. Missile Defense Agency (MDA). The NGI is a key element of the MDA’s missile defense system, which is designed to intercept and destroy incoming intercontinental ballistic missiles.

“The Boeing-led team will deliver critical technology to enhance our homeland missile defense,” said Norm Tew, Boeing Missile and Weapon Systems vice president and general manager, and Huntsville site senior executive. “Combined, we bring decades of expertise in proven missile and weapon systems.”

On Aug. 12, the Boeing-General Atomics-Aerojet Rocketdyne team submitted an NGI offering that will improve performance and enhance the nation’s ability to defend against future threats.

GA-EMS has a long history of delivering missile technology and complex systems for critical national defense programs. “This partnership combines our legacies in innovation, bringing together new ideas to create an affordable and reliable solution to defend against emerging threats,” said Scott Forney, president of GA-EMS.

Aerojet Rocketdyne’s propulsion systems have powered the nation’s missile defense for decades. “As the country’s premier hit-to-kill propulsion provider, we’re able to deliver low-cost, high-performance systems by leveraging our skilled workforce and strategic investments in innovative technology and materials,” said Eileen Drake, Aerojet Rocketdyne CEO and president.

Northrop Grumman will serve as a component supplier on the Boeing-led team.

A contract award is expected later this year.

Garmin Autoland Achieves EASA and FAA Certification on Daher TBM 940

August 6, 2020 / WIL BALDWIN

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) certification of Autoland in the Daher TBM 940. The Garmin Autoland system is available as part of the G3000™ integrated flight deck and is capable of taking control and landing the aircraft without human intervention¹ in the event the pilot is unable to fly.

In the event of an emergency, the pilot or passengers on board the aircraft can activate Autoland to land the aircraft with a simple press of a dedicated button. Autoland can also activate automatically if the system determines it’s necessary. Once activated, the system calculates a flight plan to the most suitable airport, while avoiding terrain and adverse weather, initiates an approach to the runway and automatically lands the aircraft – without pilot or passenger intervention.

Autoland takes into account a breadth of information and criteria during an activation, including a wide range of performance, operational and environmental factors. The availability of a GPS approach with lateral and vertical guidance to the runway is also required when the system is considering various airports and runways. Even further, the system will automatically communicate with air traffic control (ATC), advising controllers and pilots operating near the aircraft of its location and its intentions.

Throughout an Autoland activation, the G3000 integrated flight deck provides passenger-centric visual and verbal communications in plain language so passengers in the aircraft know what to expect. The flight displays show the aircraft’s location on a map alongside information such as the destination airport, estimated time of arrival, distance to the destination airport and fuel remaining. Airspeed, altitude and aircraft heading are also labeled in an easy-to-understand format. Passengers also have the option to communicate with ATC by following simple instructions on the display using the touchscreen interface on the flight deck.

The Garmin Autothrottle system is used to automatically manage aircraft speed, engine performance and engine power so the aircraft can climb, descend or maintain altitude as needed during an Autoland activation. On approach to land, the system initiates a controlled descent to the airport. If the aircraft needs additional time to descend or slow down during the approach, the Autoland system initiates a standard holding procedure. When aligned with the runway, the landing gear and flaps are automatically extended and the aircraft continues its descent. On the runway, automatic braking is applied while tracking the runway centerline to bring the aircraft to a full stop. Engine shutdown is also automated so occupants can safely exit the aircraft.

At any time, a pilot can easily deactivate an Autoland activation. With a single press of the “AP” autopilot key on the autopilot controller or the autopilot disconnect button on the controls, an Autoland activation can be canceled. The flight display shows a message that confirms Autoland has been deactivated and in the event of an accidental deactivation, the system shows passengers how to reactivate Autoland if needed.

Air New Zealand Signs Government Deal to Provide World Cargo

May 4, 2020 / WIL BALDWIN

The International Airfreight Capacity agreement with the Ministry of Transport will allow exporters and importers the ability to access key markets in a world where available air freight capacity is reduced due to the COVID-19 pandemic.

Air New Zealand General Manager Cargo Rick Nelson says cargo customers will be able to access capacity across Air New Zealand’s traditional network, with a handful of exceptions.

“The new agreement means Air New Zealand can publish scheduled cargo services into key markets which will allow freight forwarders, exporters and importers to plan and operate their logistics supply chains with certainty.

“We are working to offer connectivity to and from the United Kingdom and Europe, as well as Houston and Chicago via Los Angeles and San Francisco, Hong Kong and Narita gateways.

“This agreement will add significant value to New Zealand’s air cargo community, and we encourage the New Zealand forwarding, export and import communities to get behind these cargo options. Naturally, we hope the need to operate under an agreement of this nature will be a short-term business model and in time we’ll be able to revert to our traditional model as demand for passenger travel begins to pick up.”

Ports the airline will not operate cargo flights to under the agreement are London and Buenos Aires. Singapore is also not included in the initial phase.

Luxembourg Armed Forces A400M Makes Maiden Flight

April 14, 2020 / WIL BALDWIN

The Airbus A400M new-generation airlifter ordered by the Luxembourg Armed Forces has made its maiden flight, marking a key milestone towards its delivery. The aircraft, known as MSN104, took off from Seville (Spain), where the final assembly line is located, at 16:08 local time (CET) and landed back on site 5 hours later.

The Luxembourg aircraft will be operated by the armed forces of Belgium and Luxembourg within a binational unit based in Belgium. MSN104 is scheduled to be delivered in the second quarter of 2020.

The picture shows the Luxembourg aircraft landing at Seville airport, Spain.

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