Tag: Opportunities (Page 2 of 4)

Qantas Starts Flights to Griffith, Australia

March 1, 2021 / WIL BALDWIN

QantasLink is today adding Griffith to its map, operating direct flights from Sydney for the first time to meet increased demand for travel within Australia. The inaugural flight QF2121 arrived in Griffith from Sydney at midday with local business and community leaders at the Airport to welcome the aircraft’s arrival. The service will operate daily with the airline’s turboprop 50-seat Q300 aircraft, adding more than 700 seats on the route each week.

Speaking from Griffith to mark the inaugural flight, QantasLink CEO John Gissing said the new route reinforced the national carrier’s commitment to supporting regional Australia. “As the national carrier, we have an important role to play in driving tourism and supporting the industry in its recovery from COVID-19. We know Australians want to travel so we’ve been looking for opportunities to support new routes where there is demand and help deliver a boost for local businesses. We’re working with tourism partners to promote the world-class wineries and fresh produce of the beautiful Riverina region to millions of our frequent flyers around the country”.

Qantas (QAN.AX) is also today launching a new regional route from Melbourne to Merimbula. Since the start of COVID-19, the Qantas Group has announced or commenced flying on 26 new routes across Australia, reflecting new travel demand patterns.

The route launch follows a new suite of initiatives introduced for customers, including a boost to flexibility allowing unlimited flight changes until at least February 2022.

In the wake of the COVID-19 pandemic, Qantas has introduced a number of initiatives improve safety and peace-of-mind when travelling domestically through its Fly Well program, including masks on board, hand sanitising stations and enhanced aircraft cleaning.

Mesa Air Group Plans to Lease an Additional 737-400F Cargo Aircraft

February 27, 2021 / WIL BALDWIN

PHOENIX, February, 2021 (GLOBE NEWSWIRE) — Mesa Air Group, Inc. (NASDAQ: MESA) today announced it signed a letter of intent to lease an additional Boeing 737-400F cargo aircraft currently planned to be available in May 2021. The company currently operates two 737-400F aircraft for DHL.

“This 737-400F will be a great addition to the cargo fleet. The investment in a third 737 aircraft demonstrates our focus on cargo operations and our commitment to DHL,” said Brad Rich, Chief Operating Officer. “This aircraft will provide Mesa pilots with additional career advancement opportunities and provide flexibility to better meet the demands of the current cargo environment.”

WynnBET Conditionally Approved for Online Sports Betting in Tennessee

February 13, 2021 / WIL BALDWIN

JERSEY CITY, N.J., /PRNewswire/ — WynnBET, the premier casino and sports betting app from the global leader in luxury hospitality, Wynn Resorts (NASDAQ: WYNN), announces that it received conditionally approved last week for sports gaming in Tennessee. The Sports Wagering Committee of the Tennessee Education Lottery Corporation’s Board of Directors approved WynnBET to operate its online sports betting app throughout the state, pending fulfillment of statutory and regulatory requirements to go-live.

Tennessee marks the ninth state that WynnBET has gained market access to as the Company fast-tracks its growth plan to meet the demands of the quickly moving online and mobile sports betting industry.

Inspired by Wynn Resorts unmatched expertise in customer service and sophisticated brand experience, the WynnBET app offers an ultra-intuitive and highly responsive interface that delivers hundreds of sports betting options to delight both aficionados and beginners alike. With its acquisition of BetBull in 2020, WynnBET is built on a foundation of highly social sports-betting technology and one-of-a-kind experiences so that wagering and winning can be a celebrated and shared experience.

WynnBET is currently available in New Jersey, Colorado, and Michigan. In addition, WynnBET has market access opportunities in Indiana[1]*, Iowa*, Massachusetts*, Nevada, Ohio*, and now Tennessee; and has submitted for licensure in Virginia. Such market access and licensure are subject to legalization and required approvals by regulatory authorities in each jurisdiction.

For more information, visit WynnBET.com

Frontier Airlines Announces New Crew Base in Tampa and Plans to Establish Atlanta Base

February 4, 2021 / WIL BALDWIN

DENVER – Feb. 4, 2021 – Low-fare carrier Frontier Airlines will establish a crew base at Tampa International Airport (TPA) opening in May 2021. Approximately 250 flight attendants and 140 pilots will be based at TPA this year with that number expected to increase in the future. Additionally, the airline announced its intention to open a crew base at Hartsfield-Jackson Atlanta International Airport (ATL) in late 2021.

“With our low-cost structure and focus on leisure travel, Frontier is exceptionally well positioned to increase operations this year and continue to expand in these two growing markets,” said Barry Biffle, president and CEO, Frontier Airlines. “We anticipate that nearly 400 Frontier crew members will be based in Tampa by the end of 2021. Atlanta is also on the radar for later this year and those details will become more solidified as things progress.”

Both markets have become increasingly important destinations for Frontier with anticipated growth in routes in and out of those cities during the course of 2021. Frontier currently offers nearly 20 nonstop routes from Tampa International Airport and more than 15 nonstop options from Hartsfield-Jackson Atlanta International Airport, with a wide range of additional flight connection opportunities within Frontier’s domestic and international network.

“Any time we add a new crew base, it is an indicator of continued growth for our airline and also welcomed news for our crew members, who gain a new home base option, and local communities that reap the economic benefits,” said Biffle.

ABX Air Pilots Ratify Amendment to Collective Bargaining Agreement

December 31, 2020 / WIL BALDWIN

Air Transport Services Group, Inc. (NASDAQ: ATSG) said today that pilot employees of its ABX Air, Inc. subsidiary have voted in favor of an amendment to their Collective Bargaining Agreement with ABX Air.

ABX Air’s pilots are represented by the Airline Professionals Association of the International Brotherhood of Teamsters, Local 1224 (IBT).

“This affirmative vote demonstrates a renewed sense of unity at ABX Air, paving the way for us to work together toward our shared goals of growth and superior customer service,” ABX Air President David Soaper said. “I want to express my appreciation to the leadership and members of Local 1224 for their endorsement of this amended agreement. It represents a crucial step as we pursue future growth opportunities for our airline.”

The amended agreement will become effective January 1, 2021, and amendable six years thereafter. Terms of the amended agreement were not disclosed by ABX Air.

Mesa Air Group Adds Five Additional CRJ-900 Aircraft to American CPA

December 30, 2020 / WIL BALDWIN

Mesa Air Group, Inc. (NASDAQ: MESA) today announced that it is amending its new Capacity Purchase Agreement with American Airlines (NASDAQ: AAL).

The amendment will see Mesa pick up flying at the beginning of 2021 over and above its new CPA levels, increasing to a total of five incremental aircraft by March. American retains the option to withdraw any of these incremental aircraft upon 60 days’ prior notice.

“We appreciate the opportunity to add this additional capacity at the request of American Airlines,” said Brad Rich, Executive Vice President and Chief Operating Officer. “We remain optimistic about our relationship with American Airlines and are well prepared to respond positively to future opportunities.”

Boeing Says More Freighters Needed to Support Global Supply Chains

November 17, 2020 / WIL BALDWIN

Boeing [NYSE: BA] today released its biennial World Air Cargo Forecast (WACF), reflecting COVID-19 impacts and opportunities as well as substantial long-term demand for freighters over the next two decades.

Enabled by a rebound in global trade and long-term growth, the WACF forecasts demand for 2,430 freighters over the next 20 years, including 930 new production freighters and 1,500 freighters converted from passenger airplanes.

According to the new forecast, world air cargo traffic will grow at 4% per year over the next 20 years. This growth is influenced by trade and growing express shipments to support expanding e-commerce operations. With these developments and the proven need for dedicated freighter capacity to support the world’s transportation system, the global air cargo fleet is expected to grow by more than 60% through 2039.

“Freighter operators have been in a unique position in 2020 to meet market requirements for speed, reliability and security, transporting medical supplies and other goods for people and communities around the world,” said Darren Hulst, vice president of Commercial Marketing. “Looking ahead, dedicated freighters will be even more critical to compete in air cargo markets; they carry more than half of air cargo traffic, and airlines operating them earn nearly 90% of air cargo industry revenue.”

In addition to projecting long-term demand for freighters, the WACF provides insights into air cargo performance during the pandemic, including the following:

– E-commerce, which was growing at double-digit rates prior to the pandemic, has accelerated its impact on the air cargo market as more businesses shifted to online selling platforms. Year to date through September, express carriers increased traffic by 14%

– Passenger belly cargo, which in 2019 accounted for about half of the world air cargo capacity, was significantly reduced when airlines parked thousands of planes. Freighter operators responded by operating above normal utilization levels, and traffic for all-cargo carriers grew 6%

– So far in 2020, approximately 200 airlines used more than 2,000 passenger widebody aircraft for cargo-only operations to generate cash flow and support global supply chains. These passenger freighters have taken up some of the capacity shortfall and, in some cases, generated quarterly profits for carriers despite minimal passenger operations

Rolls-Royce Strengthens Opportunities with Kinolt Acquisition

July 18, 2020 / WIL BALDWIN

Strenghtens Rolls-Royce’s market position in safety-critical applications with a leader in dynamic uninterruptible power supply
Completes Rolls-Royce’s product offering and accelerates the strategy of offering integrated solutions
Acquisition expected to deliver cost and revenue synergies, and help support medium-term profitability and create long-term shareholder value

Rolls-Royce is strengthening its business in power supply for safety-critical systems with the completion of the acquisition of Kinolt S.A., a Belgian-based specialist in dynamic uninterruptible power supply. Rolls-Royce is already a leading provider of back-up power generation through its Power Systems business with its product and solutions brand MTU. This market has remained a growth area during the Covid-19 pandemic and is expected to grow in the coming years as customers look to further minimize their risk of disruption.

Uninterruptible power supply systems are used wherever stable electricity is required or a power failure would be extremely harmful, for example within data centres, hospitals or manufacturing facilities which operate sensitive processes. This acquisition is another important step on the strategic journey of Power Systems towards becoming a full-service provider of integrated solutions. Kinolt’s uninterruptible emergency power supply technology is particularly well suited to applications where space is at a premium, such as urban areas or installations in existing buildings and complements Rolls-Royce’s own MTU branded solutions for large scale and greenfield sites. As a result, the deal is expected to result in cost and revenue synergies, medium-term long-term shareholder value in the back-up power generation business.

Andreas Schell, CEO of Rolls-Royce Power Systems, said: “The extraordinary times created by the Covid-19 pandemic have shown just how important it is to secure electricity supply to sensitive and critical infrastructure. The provision of uninterruptible power is vital in any situation and even more so today, as it ensures the provision of vital services such as medical care or the world’s continued flow of internet traffic. Without it, no public authority or company would be able to act in any crisis.”

The demand for uninterruptible power solutions is expected to remain strong in the aftermath of the Covid-19 pandemic. The acquisition of Kinolt will give Rolls-Royce a market-leading solution for businesses and local authorities who experienced issues with supply, or do not wish to run the risk again.

“We originally signed the deal to acquire Kinolt before the full global impact of Covid-19 was apparent,” added Schell. “Since then we have rigorously examined the rationale for the transaction and the opportunities it presents to our business and concluded that the arguments in favour of the acquisition are even stronger than before.”

Power Generation is already the top-selling segment within the Power Systems business. In the future it is expected to be the only manufacturer in the world able to supply customers with all components and consequently a complete uninterrupted power generation system in the power range from 200 to 3,200 kVA. Kinolt’s technology consists of a combination of rotating, kinetic mass storage devices, a diesel engine and a generator that can also be used as an electric motor. MTU engines from Rolls-Royce are often already used within Kinolt’s solutions. The Kinolt system is connected between the external power supply system and safety-critical equipment and supplies the latter with the required electrical power during normal operation. The grid frequency and voltage are generally more stable than the grid of public power suppliers. This is necessary because data servers, computer-controlled systems or sensitive devices such as those in hospitals can fail in the event of voltage and frequency fluctuations. In the case of a power failure, the flywheel mass accumulator ‘bridges’ the first few seconds before the diesel engine takes up the load.

“We will integrate the products and systems of our new subsidiary into our MTU product portfolio,” said Andreas Görtz, Vice President of Power Generation at Rolls-Royce. “Our worldwide sales and service network will open up new market opportunities by offering innovative uninterruptible power solutions. This will significantly strengthen our market position in safety-critical applications.”

Kinolt is based in the town of Grâce-Hollogne in the Belgian province of Liège and was known as Euro-Diesel until mid-2019. The transaction was completed on 1 July 2020 following the approval of antitrust authorities.

Rolls-Royce stärkt sein Angebot an Stromversorgungssystemen für sicherheitskritische Anwendungen mit dem Abschluss der Übernahme von Kinolt S.A., einem in Belgien ansässigen Spezialisten für dynamische unterbrechungsfreie Stromversorgung. Rolls-Royce is strengthening its business in power supply for safety-critical systems with the completion of the acquisition of Kinolt S.A., a Belgian-based specialist in dynamic uninterruptible power supply. Avec l’aboutissement de l’acquisition de Kinolt S.A., un spécialiste de l’alimentation dynamique sans interruption (ASI) établi en Belgique, Rolls-Royce élargit son offre de systèmes d’alimentation électrique dédiés aux applications cruciales en matière de sécurité. Rolls-Royce heeft de overname afgerond van Kinolt S.A., een in België gevestigde specialist voor dynamische onderbrekingsvrije stroomvoorziening. Met deze overname vergroot het zijn aanbod van stroomvoorzieningssystemen voor veiligheidskritische toepassingen.

Boeing X-37B Launches in Second Mission for U.S. Space Force

May 18, 2020 / WIL BALDWIN

The Boeing [NYSE: BA]-built X-37B autonomous spaceplane today launched on top of a uniquely configured United Launch Alliance Atlas V rocket.

Boeing is the prime contractor for the X-37B spaceplane and facilitates the integration of all experiments into the vehicle ensuring they receive the correct power, thermal and data services required. Boeing also works to identify future reusable platform experiment opportunities on each mission.

The X-37B’s sixth mission is the first to use a service module with additional payload capability to support a variety of experiments for multiple government partners. The mission will deploy FalconSAT-8, a small satellite developed by the U.S. Air Force Academy and sponsored by the Air Force Research Laboratory, to conduct experiments on orbit. Further, two NASA experiments will study the impact of radiation and other space effects on certain materials and seeds used to grow food. Another experiment by the Naval Research Laboratory will transform solar power into radio frequency microwave energy which could then be transmitted to the ground. In addition, the mission will test reusable space vehicle technologies.

The X-37B first launched in April 2010. Originally designed for missions of 270 days duration, the X-37B has set endurance records during each of its five previous flights. Most recently, X-37B spent 780 days on orbit before returning to Earth in October 2019.

“The X-37B has shifted the paradigm and redefined efficiency in space development, said Jim Chilton, Boeing Space and Launch senior vice president. “The rapid technology advancements enabled by the program will benefit the entire space community and influence the next generation of spacecraft design.”

The X-37B program is a partnership between the Department of the Air Force Rapid Capabilities Office and the United States Space Force. Boeing program management, engineering, test and mission support functions for the Orbital Test Vehicle (OTV) program are conducted at Boeing sites in Southern California and Florida.

Frontier Airlines Adds 2 Nonstop Routes from Phoenix: Los Angeles and San Jose

February 25, 2020 / WIL BALDWIN

Low-fare carrier Frontier Airlines today announces its further expansion at Phoenix Sky Harbor International Airport (PHX) with the only ultra-low-cost, nonstop flights to two California airports: Los Angeles International Airport (LAX) and San Jose Airport (SJC). To celebrate this new service, Frontier is offering fares as low as $29*, which are available now at FlyFrontier.com.

“We see tremendous growth opportunities for low-cost air travel in Phoenix and today’s expansion announcement provides significantly lower fares to key California markets,” said Daniel Shurz, senior vice president of commercial for Frontier Airlines. “Our new nonstop flights to Los Angeles and San Jose are an excellent complement to the 15 other routes we offer from Phoenix Sky Harbor. We’re proud to operate at one of the most awarded airports in the U.S. and look forward to continuing our exceptional relationship with the community.”

New routes from Phoenix Sky Harbor International Airport (PHX):

Service is seasonal and frequency and times are subject to change, so please check FlyFrontier.com for the most updated schedule.

“Frontier Airlines is an excellent partner at Sky Harbor and we greatly value the service they bring to our residents and visitors,” said Director of Aviation Services James E. Bennett.

Frontier is focused on more than low fares. The carrier offers customers the ability to customize travel to their needs and budget. For example, customers can purchase options a la carte or in one low-priced bundle called the WORKS. This bundle includes refundability, a carry-on bag, a checked bag, the best available seat, waived change fees, and priority boarding.

The airline’s frequent flier program, FRONTIER Miles, lets members enjoy many benefits as well as attain Elite status. Like the airline, FRONTIER Miles is family friendly, and the program makes it easy for families to enjoy the rewards together, including family pooling of miles. FRONTIER Milesis aptly named because you earn one mile for every mile flown – no funny formulas at Frontier. If a customer travels a little or a lot, they will find FRONTIER Miles rewarding.

Frontier operates over 95 A320 family aircraft and has the largest A320neo fleet in the U.S., delivering the highest level of noise reduction and fuel-efficiency, compared to previous models. The use of these aircraft, Frontier’s seating configuration, weight-saving tactics and baggage process have all contributed to the airline’s average of 39% fuel savings compared to other U.S. airlines (fuel savings is based on Frontier Airlines 2018 fuel consumption per seat-mile compared to the weighted average of major U.S. airlines), which makes Frontier the most fuel-efficient U.S. airline. More information about Frontier’s green commitments are available at FlyFrontier.com/Green.

With over 150 new Airbus planes on order, Frontier will continue to grow to deliver on the mission of providing affordable travel across America. Frontier’s young fleet also ensures that the company keeps fares low and that customers will enjoy a pleasant and reliable experience flying with the airline.

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