Tag: portfolio (Page 2 of 7)

SMBC Aviation Capital orders 25 Boeing 737 MAX jets

September 13, 2023 / WIL BALDWIN

Seattle, Washington, September 13, 2023, PRNewswire – Boeing [NYSE: BA] and SMBC Aviation Capital announced today the airplane lessor is ordering 25 737-8s. The new order increases SMBC’s backlog to 81 737 MAX jets focused on the market-leading 737-8.

With travel demand surging around the globe, lessors are looking to increase their single-aisle portfolios to provide airlines with more fuel-efficient jets capable of operating across various route networks.

The 737-8 provides flexibility across airline’s networks while reducing fuel use and emissions by up to 20% and on average. Each airplane will save up to 8 million pounds of CO₂ emissions annually compared to those airplanes it replaces. Boeing has secured more than 400 737 MAX family orders in 2023.

The 737-8 seats 162 to 210 passengers depending on configuration with a range of 3,500 nautical miles and operates profitably on short- and medium-haul routes.

Rolls-Royce pioneering electrification in aviation at scaleRolls-Royce

September 1, 2023 / WIL BALDWIN

At Rolls-Royce (OTC: RYCEY), we aim to lead the Advanced Air Mobility market and achieve the world’s first certification of an electric engine for commercial aircraft by the mid-2020s. Light aircraft are already flying with electric propulsion, demonstrating the technological possibilities for the decarbonisation of large aviation in the future, if we can develop at scale.

In 2022, Rolls-Royce Electrical launched a dedicated programme that will enable us to achieve the levels of mass production needed to support the industry, embedding industrialisation within our electric propulsion product portfolio.

To do this, the programme is focussed on developing the right capabilities within the business’s core functions: supply chain, manufacturing, quality and services. As such, our core industrialisation team is working in close collaboration with a new product introduction projects team to ensure that any under-development electric drive technologies and systems can be sourced, manufactured and serviced at scale.

Rolls-Royce supply chain teams are responsible for sourcing partners to produce materials that will not only uphold the highest of aviation safety standards but that can be sourced and brought to the assembly line affordably and at pace, ready to support mass production.

Once chosen, the supply chain team also support our engineers by working hand-in-hand with suppliers throughout the product’s design to ensure that customer needs are met.

Hilton Plans to More Than Quadruple its Presence in Saudi Arabia

August 13, 2023 / WIL BALDWIN

Riyadh, Saudi Arabia – As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA). Hilton has accelerated its growth strategy in Saudi Arabia in recent years, announcing multiple signings as the company works towards its plans to increase its portfolio to more than 75 trading properties across the country.

The latest of these signings include Conrad Hotels & Resorts entry into the heart of the Saudi capital with Conrad Riyadh Laysen Valley, which is set to open in 2025. Hilton’s growth continues in secondary cities, with the recent signings in Abha, Hilton The Point Residences and Canopy by Hilton The Point, both due to open in 2026.

Conrad Riyadh Laysen Valley

In partnership with Mashareq Investment, Hilton plans to bring its second Conrad Hotels & Resorts property to Saudi Arabia. The 170-key Conrad Riyadh Laysen Valley will bring the brand’s bold design, impactful experiences, and curated contemporary art to inspire travellers throughout their stay. Featuring world-class amenities, purposeful service and guest facilities, the modern, luxury hotel is expected to open in 2025 opposite the city’s diplomatic quarter at the heart of the Laysen Valley development, one of Riyadh’s most prominent high-end, mixed-use real estate projects.

Latest Hotel Signings for Saudi Arabia include:

Waldorf Astoria Riyadh Diriyah – the iconic 200-room hotel, expected to open in 2028, will be located in a prime position within Diriyah, surrounded by high-end restaurants, luxury retail stores, residences, art galleries and museums.
Wadi Hanifah, LXR Hotels & Resorts – this secluded retreat, expected to open in 2026, will house 80 immaculately designed guest rooms and enchanting villas, offering Diriyah visitors a lush escape of tranquility and relaxation.
Canopy by Hilton Al Khobar Ajdan Waterfront – The 120-guest room hotel, expected to open in 2026, is ideally located on the corniche, adjacent to Boulevard Ajdan, the high-end shopping and entertainment destination.
DoubleTree by Hilton Jeddah Al Andalus Mall – the 164–guest room hotel attached to the Jeddah Al Andalus Mall is due to open next year.
DoubleTree by Hilton Jeddah Al Marwah – this 178-guest room hotel will be located within close proximity to the King Abdulaziz International Airport, and on the corner of the bustling Hira Street.
Hampton by Hilton NEOM Community – expected to open later this year, Hampton by Hilton NEOM Community will feature 201 guest rooms.
Hampton by Hilton Hafr al-Batin – will feature 150 guest rooms and is due to open in 2026.

Hilton currently operates 16 hotels in Saudi Arabia, including Waldorf Astoria Jeddah – Qasr Al Sharq, Conrad Makkah, and Hilton Riyadh Hotel & Residences. Its development pipeline of more than 50 properties includes the introduction of new brands like LXR Hotels & Resorts, Canopy by Hilton, Embassy Suites by Hilton, and Hampton by Hilton.

Embraer deliveries increase 47% in second quarter 2023

August 6, 2023 / WIL BALDWIN

Sao Jose dos Campos, Brazil, August 3, 2023 – Embraer (NYSE: ERJ) delivered a total of 47 jets in the second quarter of 2023, of which 17 were commercial aircraft and 30 were executive jets (19 light jets and 11 midsize jets). During the year, the company delivered a total of 62 aircraft (24 commercial and 38 executive). The second quarter deliveries were 47% higher than in the same period from 2022. In the first half of 2023, the volume has increased 35% compared to 2022, when 46 jets have been delivered. Compared to the second quarter of 2022, deliveries volume increased by 55% in Commercial Aviation and 43% in Executive Jets. The firm order backlog ended the period at US$ 17.3 billion.

In Commercial Aviation, American Airlines signed a firm order with Embraer for seven new E175’s. The aircraft will be operated by the subsidiary Envoy Air. With deliveries to begin 4Q23, Envoy’s fleet of E-Jets will grow to over 141 aircraft by the end of 2024. Embraer also received a firm order from Binter for six E195-E2’s, which will bring Binter’s E2 fleet to 16 jets when deliveries are completed. Four E175’s also began operations with Star Air, an Indian airline that already operates E-Jets. Star Air has also extended its Pool Program contract to include the E175’s in its fleet

Malaysia’s SKS Airways closed an agreement to add ten E195-E2 jets to its fleet. In addition, SKS joined the Pool Program to support aircraft to be operated in Southeast Asia. Scoot, a low-cost subsidiary of Singapore Airlines, is also adding nine E190-E2’s to its portfolio. And Royal Jordanian Airlines reached an agreement to introduce eight E190-E2 and E195-E2 jets into its operations, with deliveries starting in the 4Q23. All three agreements involved contracts with the leasing company Azorra.

Aerial view of the Singapore landmark financial business district at twilight sunset scene with skyscraper and beautiful sky. Singapore downtown

In Executive Aviation, NetJets signed a contract with Embraer for the acquisition of up to 250 Praetor 500 jet options. The deal is valued at more than US$ 5 billion, and deliveries are expected to begin in 2025.

Hapag-Lloyd successfully completes SM SAAM terminal business acquisition

August 1, 2023 / WIL BALDWIN

Hapag-Lloyd (OTC: HPGLY) today successfully completed its 100 % acquisition of SM SAAM’s terminal business and related logistics services, which is based on an agreement announced in October 2022. The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved in this acquisition process.

Investing in terminal infrastructure is a key element of Hapag-Lloyd’s strategic agenda, and Latin America is one of its key markets. The transaction includes interests in terminals in Iquique, Antofagasta, San Antonio, San Vicente and Corral (Chile), Port Everglades (United States / Florida), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador) and Caldera (Costa Rica) as well as related logistics services. The acquisition will further strengthen Hapag-Lloyd’s core liner shipping business and help the carrier to build up a robust and attractive terminal portfolio.

The new entity will be led by its CEO, Mauricio Carrasco, who has been Managing Director for the Terminals Division within the SAAM Group since 2020. Mauricio Carrasco is an experienced senior executive with long-standing experience in Latin America and globally. He has served as Senior Vice President of Development at CSAV and as Senior Director at Hapag-Lloyd, with responsibilities in the Americas, China, Dubai, and India. Rodolfo Díaz, former Senior Director Business Administration Region Latin America at Hapag-Lloyd, will join him as CFO.

Hapag-Lloyd has continuously expanded its involvement in the terminal sector and holds stakes in the Container Terminal Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, the Italy-based Spinelli Group, the India-based J M Baxi Ports & Logistics Limited, Terminal TC3 in Tangier, and Terminal 2 in Damietta, Egypt, which is currently under construction.

Eve Air Mobility and Embraer Announce First eVTOL Production Location in Brazil

July 20, 2023 / WIL BALDWIN

Sao Jose Dos Campos, Brazil – July 20, 2023 – Eve Air Mobility (NYSE: EVEX) and Embraer (NYSE: ERJ) announced today that the first electric vertical take-off and landing aircraft (eVTOL) production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil. Subject to the final authorities’ approval, the manufacturing plant will be situated on a designated portion of land within Embraer’s existing unit in the city that will be expanded.

The site benefits from a strategic logistical location, offering easy access via two highways and close proximity to a railroad. Another significant advantage is the region’s proximity to Embraer’s headquarters in São José dos Campos and Eve’s engineering and human resources team, which will facilitate the development and sustainability of new production processes, enhancing Eve’s agility and competitiveness.

In May 2022, Eve announced a partnership with Porsche Consulting to define Eve’s eVTOL global manufacturing, supply chain and logistics macro strategy. The two companies have since worked together to research advanced manufacturing and innovation concepts and used their combined aeronautical and automotive expertise to design a concept of industrialization for eVTOL aircraft based on high safety, quality, efficiency and customer focus.

Eve continues to progress in developing its eVTOL. The company also focuses on creating a comprehensive portfolio of agnostic solutions, including a unique Urban Air Traffic Management (Urban ATM) software to optimize and scale Urban Air Mobility operations worldwide.

Chelsea Football Club and Hilton Announce Global Partnership with Exclusive Experiences for Hilton Honors Members

July 7, 2023 / WIL BALDWIN

Chelsea Football Club has today unveiled Hilton (NYSE: HLT), the global leader in hospitality, as its official global hotel partner. The partnership will enable Chelsea Football Club and Hilton to provide extended opportunities for Hilton’s more than 158 million Hilton Honors members around the world in a new and unique way, while also serving as the official host to the Chelsea team on the road.

As a pioneer in the industry for more than 100 years, Hilton will welcome Chelsea to its portfolio of hotels as the team’s official home away from home, starting with locations in the United States during the team’s summer tour. Recognizing how much it matters where an elite sports team stays ahead of key fixtures, players and coaches will experience and enjoy Hilton’s world-class service and hospitality.

Building off its high-profile partnerships in the music, sports and entertainment world, Hilton Honors will offer a curated selection of one-of-a-kind experiences, which will kick off during this summer’s pre-season tour and extend into next season’s matches in London. Look out for the Hilton name at Chelsea men’s and women’s matches, and across Chelsea digital channels with special and engaging content for fans to enjoy.

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.

Boeing will showcase its market-leading portfolio of commercial, defense and services products at the 2021 Dubai Airshow this month, including the international debut of its newest fuel-efficient widebody jet, the 777X. Building on the best of the industry-leading 777 and 787 families, the 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than the competition. Shown here: A Boeing 777-9 airplane photographed during flight testing. (Boeing Photo)

Boeing to Debut 777X, Spotlight Defense at 2021 Dubai Airshow

November 4, 2021 / WIL BALDWIN

DUBAI, United Arab Emirates, Nov. 4, 2021 /PRNewswire/ — Boeing (NYSE: BA) will showcase its market-leading portfolio of commercial, defense and services products at the 2021 Dubai Airshow this month, including the international debut of its newest fuel-efficient widebody jet, the 777X, along with the company’s growing autonomous capabilities such as the Boeing Airpower Teaming System.

During the event, a Boeing 777-9 flight-test airplane will soar in the airshow’s flying program and appear in the static display. Building on the best of the industry-leading 777 and 787 families, the 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than the competition.

The company’s static display will also feature the 2021 Boeing ecoDemonstrator, an Alaska Airlines 737-9 that is flight testing about 20 technologies to reduce fuel use, emissions and noise and further improve safety.

In addition, Etihad Airways will display a 787-10 Dreamliner that showcases the airline’s collaboration with Boeing to advance sustainable aviation. Etihad’s program researches and tests innovative technologies, products and practices on its fleet of 787s and within its operations to further reduce carbon emissions. Also on display, flydubai – the region’s largest 737 operator – will feature a 737 MAX 9 that reduces fuel use and CO₂ by 14% compared to its predecessors.

Boeing’s exhibit in Dubai will highlight defense products including the F-15EX Eagle II fighter jet and T-7A Advanced Pilot Training System, as well as its Autonomous Systems portfolio, including the Boeing Airpower Teaming System and the Insitu Integrator ER and ScanEagle unmanned systems.

Global defense customers are expected to display several operational Boeing aircraft, including the MV-22 Osprey, KC-46A Pegasus, P-8A Poseidon, C-17 Globemaster III, AH-64 Apache and CH-47F Chinook.

Boeing also will discuss its parts, modifications, digital, sustainment and training solutions, including an expansive global supply chain, maintenance and logistics network. Government services will feature in-country partnerships with on-the-ground support for its installed base of defense platforms. Commercial services highlights will include Boeing Converted Freighters, expanded support to regional customers and near-term sales opportunities.

Conrad Riyadh Laysen Valley

Archives