Tag: price (Page 2 of 4)

SBB Swiss Rail to Offer Customers with Bicycles More Space and Reliability

February 26, 2021 / WIL BALDWIN

SBB is improving its services for travelling with bicycles for the 2021 cycling season. It is taking this step in response to strong demand and to insufficient capacity last summer. On key leisure travel lines (Bern to Brig, Zurich to Chur) SBB is tripling capacity at times of high demand from 21 March. SBB will offer customers with bicycles more reliable journey planning: thanks to reservations, passengers taking along bikes can be sure that they will find space for them on trains. The price of bicycle reservations is reduced from CHF 5 to CHF 2. SBB presented the improved services to cycling, consumer and industry organisations today and outlined future prospects for traveling with bikes.

There has been a sharp increase in demand for travelling with bikes and holidays in Switzerland due to the coronavirus crisis. In some cases this has led to capacity shortages and dissatisfied customers who were unable to travel with their bike on the train they had planned to use. Around 80,000 Bike Day Passes were sold in the peak month of July 2020, for example, which is up by around 45% compared to the previous year. SBB also transported up to 15,000 bikes with self-service loading on the main axes of Zurich to Chur and Bern to Brig.

SBB expects demand for travel with bikes to continue to rise and is responding to this trend. This is why – together with Pro Velo and the Swiss Transport and Environment Association – it engaged in broad-based dialogue with cycling stakeholders as well as consumer and industry organisations on the issue of ‘sustainable travel with bicycles’. The aim is to offer customers reliable journey planning and reservations, to further improve and simplify services and to make them even more customer-friendly. SBB has a duty of responsibility towards all customers and wishes to provide services that meet and take account of the needs of all passengers as far as possible – including, for example, people with disabilities or families.

In view of the forthcoming cycling season, which begins on 21 March, SBB has introduced various changes to make travelling with bikes easier:

SBB is increasing capacity for the self-service loading of bicycles at times of high demand on the key leisure travel lines, tripling capacity compared to the current levels where possible. These routes include Bern to Brig and Zurich to Chur. Additional capacity will also be provided on routes to Ticino, Interlaken and the southern foot of the Jura. Passengers will be assisted with the loading of bicycles by SBB staff on these lines where possible.

In order to expand capacity medium and long-term, SBB is currently assessing which technical measures can be implemented long-term to create additional bicycle spaces on various types of train. Only minor modifications to rolling stock are possible in the short term.

Customers with bicycles need to be able to plan their journey reliably and safely. SBB makes this possible on all Swiss InterCity trains with a reservation costing CHF 2. Passengers who made a reservation can be certain that they will find space for their bike on the trains. Trains are labelled with the well-known bicycle symbol in the online timetable. Bikes can only be transported using self-service loading on trains labelled with this symbol if a reservation has been made and a valid bike ticket is presented. Reservations can be made up until shortly before departure in the SBB Mobile app. They can also be purchased at the counter or several days in advance via the SBB Contact Center

(tel. 0848 44 66 88)

The price for reservations will be reduced from CHF 5 to CHF 2 for a continuous connection – for example for a route with more than one section. International trains within Switzerland can now also be used for bike transport with a reservation, but prices and booking options may differ. Bikes can be transported with a valid bicycle ticket but without a reservation on regional services (R, S, RE trains) as well as on InterRegio trains (IR).

SWISS Reduces Geneva Flight Operations to Minimum Due to Travel Restrictions

February 3, 2021 / WIL BALDWIN

In view of the tighter travel restrictions announced by the Swiss Federal Council on 27 January and the resulting decline in demand for air travel, SWISS has been compelled to temporarily reduce its flight operations to an absolute minimum at Geneva Airport until the end of February. SWISS remains fully committed to its Geneva business and operations in the longer term, and will continue to strive to keep Western Switzerland as well connected as possible with its global Zurich-based network. Further changes are also being made to SWISS’s Zurich flight schedules. Travellers affected by flight cancellations can rebook free of charge or have the price of their ticket refunded.

Swiss International Air Lines (SWISS) is temporarily reducing its already-downsized flight operations in Geneva to an absolute minimum until the end of February with effect from today (Monday 1 February), in view of the tighter travel restrictions announced by the Swiss government. The action is being taken because SWISS’s Geneva services are point-to-point operations that do not generate additional business through a feeder function (as is the case at SWISS’s Zurich hub). Geneva Airport also currently lacks traveller testing facilities. The 13 weekly services between Geneva and SWISS’s Zurich hub will continue to operate, as will the seven weekly frequencies between Geneva and the Frankfurt hub of Lufthansa. So SWISS will continue to keep Western Switzerland connected with its global route network in these still difficult times.

SWISS remains fully committed to its long-term strategy of maintaining a strong presence in Geneva and further expanding its present range of point-to-point air services. “Geneva is and remains an extremely important location for us,” confirms SWISS CEO Dieter Vranckx. “And as soon as conditions permit and the demand for air travel returns, we will steadily expand our services from Geneva again, as we will from Zurich, too.”

Zurich schedules also affected

Many of the short- and long-haul SWISS services that are currently being offered from and to Zurich can continue to be operated, in view of their feeder function and/or their cargo-carrying role. But the already substantially diminished range of flights here, too, is being further reduced with effect from 1 February. As a result, SWISS will only be operating some 10 per cent of the February services which it provided in 2019.

Travellers whose flight is cancelled as a result of these developments can rebook free of charge or have the price of their ticket refunded.

Congo Airways Orders Two More Embraer E195-E2 Aircraft

January 14, 2021 / WIL BALDWIN

Just six months after their first E2 order, Congo Airways has placed a firm order for two E195-E2 jets. This is in addition to their existing two aircraft order for the smaller E190-E2. The four aircraft deal has a total value of USD 272 million at current list prices. This new firm order will be included in Embraer’s 2020 fourth quarter backlog.

Desire Bantu, CEO of Congo Airways said, “We see an opportunity in our market and the crisis we are all facing for Congo Airways to emerge stronger – which is why we are not waiting to place this further order. These new jets will allow us to extend our passenger and cargo operations regionally to high demand destinations such as Cape Town, Johannesburg, and Abidjan. As we prepare for future success, we will have the flexibility, and the right sized, most efficient aircraft, to serve our customers as the market returns.”

“Africa has for too long been thought of as a market of mostly low frequencies and long thin routes. As airlines start ramp up their operations, the E2 family of aircraft is perfectly positioned to right size routes previously operated by narrowbodies, while keeping frequencies and adjusting capacity to new levels,” said Cesar Pereira, vice president of Europe, Middle East and Africa, Embraer Commercial Aviation. “Congo Airways will benefit from the flexibility provided by the common cockpit on the E2 jet family meaning their flight crews can transition seamlessly between variants.”

The E195-E2 will be configured in a dual class 120 seat layout, 12 in business, 108 in economy. An additional 25% capacity when compared to the 96-seat configuration chosen by Congo Airways for their E190-E2s. The E2 deliveries are expected to begin in 2022 with Embraer and Congo Airways continuing to review the potential to anticipate the beginning of the deliveries. There are currently 206 Embraer aircraft operating in Africa with 56 airlines in 29 countries.

JetBlue Arrives in Guyana With First Flights to Newest Destination

December 13, 2020 / WIL BALDWIN

JetBlue (NASDAQ: JBLU) today announced it has launched service between New York John F. Kennedy International Airport (JFK) and Georgetown, Guyana’s Cheddi Jagan International Airport (GEO), with the first roundtrip flight arriving back in New York this morning. The new service launches with four times weekly service on JetBlue’s Airbus A321neo aircraft.

“JetBlue’s arrival in Guyana introduces our low fares and award-winning service to another new market in the Caribbean and Latin America where customers have long faced high prices and little competition,” said Andrea Lusso, vice president network planning, JetBlue. “We remain committed to this important region of our network and continue to connect more travelers with the people and places they want to see.”

JetBlue’s newest route connects New York’s Guyanese American community – the largest in the U.S. – with the capital city, making the connections between friends and family easier and closer than ever. Guyana becomes the fourth country in South America JetBlue serves and grows the airline’s presence in the broader Caribbean and Latin American region to nearly 40 destinations.

“We are pleased to welcome JetBlue to our beautiful country, Guyana,” said Minister of Public Works, Bishop Juan Edghill. “We are confident that their entry into the local market will help to advance the aviation sector, especially at a time when the sector is looking to rebuild, in the midst of this global pandemic. This latest investment by JetBlue – even in the current environment – also speaks to the level of confidence the airlines has placed on our country as a lucrative destination of choice.”

JetBlue’s A321neo aircraft feature the Collins Meridian seat – which is the widest seat available for the single aisle Airbus family of aircraft – with enhanced cushion comfort, adjustable headrests, power connections at every seat and the most legroom in coach. Inflight entertainment is powered by Thales AVANT and ViaSat-2 connectivity. With this system – featuring 10.1 inch, 1080P high definition screens, more than 100 channels of live television with DVR-like pause and rewind functionality, picture-in-picture function and more – JetBlue offers customers expanded entertainment choices in nearly every region the airline flies.

For international travel, please check the latest entry requirements for your destination before your trip. You can get more information about travel restrictions by country on the U.S. Department of State website or through the International Air Transport Association (IATA).

Congo Airways Converts Embraer E175 Order to E190-E2 Jets

May 28, 2020 / WIL BALDWIN

São José dos Campos, Brazil, May 26th, 2020 – Congo Airways have converted the firm order made in December 2019 for two E175 aircraft, with purchase rights for two more, into a firm order for two E190-E2 jets, with purchase rights for a further two. The new deal has a total value of USD 256 million at current list prices with all purchase rights exercised, and will be included in Embraer’s second quarter backlog.

Desire Bantu, CEO of Congo Airways said, “These new jets will be replacing our legacy turboprops and will allow us to extend our operations within the Democratic Republic of Congo, and regionally to West, Central, and Southern Africa. Despite the current difficult circumstances, the fundamentals of our market have not changed; so we expect the momentum we’ve seen in the past to redevelop. I said in December that we may need to make an additional order for E2s due to the agility required to adapt to market changes – we have now reached that point. As we prepare for future success, we will have the flexibility, and the right sized, most efficient aircraft, to serve our customers as the market returns.”

“It’s great to welcome another airline to the E2 and the Embraer family of operators, especially in Africa where the demand for regional travel had been growing strongly before the current crisis. Africa has long been a market with low frequencies and long thin routes. As airlines start ramp up their operations, the E2 family of aircraft is perfectly positioned to right size routes previously operated by narrowbodies, while keeping frequencies and adjusting capacity to new levels.” said Raul Villaron, Vice President Sales, Africa and Middle East, Embraer Commercial Aviation. “We look forward to supporting Congo Airways as they continue to upgrade their offering to their customers.”

The aircraft will be configured in a dual class layout seating 96 passengers in total, with 12 staggered business class seats. Deliveries are expected to begin in the second quarter of 2022. This is second E2 order received from an African customer. There are currently 189 Embraer aircraft operating in Africa with 54 airlines in 27 countries.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers across the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 80 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline network carriers.

Economic Stabilization Fund Approves Lufthansa Package

May 27, 2020 / WIL BALDWIN

Deutsche Lufthansa AG has been informed by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany that the WSF has approved the stabilization package for the company. The Executive Board also supports the package.

The package provides for stabilization measures and loans of up to EUR 9 billion.

The WSF will make silent participations of up to 5.7 billion euros in total in the assets of Deutsche Lufthansa AG. Of this amount, approximately EUR 4.7 billion is classified as equity in accordance with the provisions of the German Commercial Code (HGB) and IFRS. In this amount, the silent participation is unlimited in time and can be terminated by the company on a quarterly basis in whole or in part. In accordance with the agreed concept, the remuneration on the silent participations is 4% for the years 2020 and 2021, and rises in the following years to 9.5% in 2027.

Furthermore, the WSF will subscribe to shares by way of a capital increase in order to build up a 20% stake in the share capital of Deutsche Lufthansa AG. The subscription price will be 2.56 Euro per share, so that the cash contribution will amount to about 300 million Euro. The WSF may also increase its stake to 25% plus one share in the event of a takeover of the company.

In addition, in the event of non-payment of remuneration by the Company, a further portion of the silent participation is to be convertible into a further shareholding of 5% of the share capital at the earliest from 2024 and 2026 respectively. The second conversion option, however, only applies to the extent that the WSF has not previously increased its shareholding in connection with the above-mentioned takeover case. Conversion should also be possible for dilution protection. Subject to the full repayment of the silent participations by the company and a minimum sale price of EUR 2.56 per share plus an annual interest of 12%, the WSF undertakes, however, to sell its shareholding in full at the market price by 31 December 2023.

Finally, the stabilization measures are supplemented by a syndicated credit facility of up to EUR 3 billion with the participation of KfW and private banks with a term of three years. This facility is still subject to the approval of relevant bodies.

The expected conditions relate in particular to the waiver of future dividend payments and restrictions on management remuneration. In addition, two seats on the Supervisory Board are to be filled in agreement with the German government, one of which is to become a member of the Audit Committee. Except in the event of a takeover, the WSF undertakes not to exercise its voting rights at the Annual General Meeting in connection with the usual resolutions of ordinary Annual General Meetings.

The stabilization package still requires the final approval of the Management Board and the Supervisory Board of the company. Both bodies will come together shortly to adopt resolutions on the stabilization package. The capital measures are subject to the approval of an extraordinary general meeting.

Finally, the stabilization package is subject to the approval of the European Commission and any competition-related conditions.

thyssenkrupp Sells Elevator Technology Business for €17.2 Billion

March 16, 2020 / WIL BALDWIN

Consortium of bidders led by Advent, Cinven and RAG foundation

Sales proceeds pave the way for further transformation of thyssenkrupp

Cash inflow remains within the company

Buyers give far-reaching site and employment guarantees for tk Elevator

Closing and purchase price payment expected by the end of the current fiscal year

Martina Merz: “With the sale of Elevator, thyssenkrupp can pick up speed again. We will reduce the company’s debt as far as is necessary and at the same time invest as much as is reasonable in its further development.”

thyssenkrupp sells its Elevator Technology business entirely to a consortium led by Advent, Cinven and RAG foundation. The respective Executive Board decision was approved on Thursday evening by the Supervisory Board of thyssenkrupp AG. The purchase agreement has been signed. Closing of the transaction is expected by the end of the current fiscal year. The purchase price is €17.2 billion. thyssenkrupp will reinvest part of the purchase price^[1] (€1.25 billion) in a stake in the elevator business. The transaction is subject to merger control approvals, although thyssenkrupp does not expect the competent authorities to have any reservations. The proceeds from the transaction will remain within the company and are to be used to the extent necessary to strengthen the balance sheet. Alongside this, the proceeds shall be used to advance the development of the remaining businesses and the portfolio. As announced at the Annual General Meeting at the end of January, thyssenkrupp is proceeding the analysis phase so that a decision on the concrete use of funds can be taken in May.

Martina Merz, CEO of thyssenkrupp AG: “With the sale, we are paving the way for thyssenkrupp to become successful. Not only have we obtained a very good selling price, we will also be able to complete the transaction quickly. It is now crucial for us to find the best possible balance for the use of the funds. We will reduce thyssenkrupp’s debt as far as is necessary and at the same time invest as much as is reasonable in developing the company. With this, thyssenkrupp can pick up speed again.”

The sale of Elevator is a favorable solution not only for the company, its shareholders, customers and employees, but also for the elevator business itself. In the consortium, thyssenkrupp has found new owners for the elevator business who have extensive industrial expertise and offer the workforce a high degree of security. The buyers have a strong track record in profitably growing and nurturing companies to become global champions.

In negotiations with employee representatives and the IG Metall trade union, the buyers have committed to far-reaching site and employment guarantees. In addition, it was agreed that the buyers will continue to manage thyssenkrupp Elevator as a global group. The company will also remain based in Germany and employee co-determination will continue. That means the solution is in line with thyssenkrupp’s understanding of corporate and social responsibility.

“We are not pleased to part with our employees and the elevator business. Nevertheless, today is a good day for everyone involved. With this step, we are opening up real prospects for the future: for the elevator business as an independent company and, with the financial solidity we have gained, also for all other areas of thyssenkrupp,” Martina Merz added.

New Technology Creates Hyper Elevators That Can Go Sideways

Virgin Australia Share Price Dips Below 10 Australian Cents

March 2, 2020 / WIL BALDWIN

Written by Adam Thorn

Virgin Australia’s share price dipped below 10 cents on Monday – days after credit rating agency Standard & Poor’s downgraded its outlook to negative.

The drop represents an enormous fall from a high of $2.19 in February 2007. Virgin played down the developments, claiming any speculation of the future of the business was “untrue and misleading”.

Last week, Australian Aviation reported that the wider group announced a $97 million half-year loss and its intention to cut its Tigerair fleet.

Click the link to read the full story!

https://australianaviation.com.au/2020/03/virgin-australia-share-price-dips-below-10-cents/

MD Helicopters Announces Advanced Weapons and Mission Management System for Scout Attack Helicopter

December 5, 2019 / WIL BALDWIN

MD Helicopters, Inc. announces a strategic teaming agreement with Elbit Systems Ltd (ESL) to deliver next-generation weapons and mission management capabilities to its MD 530G Block II (BII) Scout Attack Helicopter. The proven, pilot-centric Integrated Weapons System (IWS) is comprised of a Helmet Display and Tracking System (HDTS), Weapons Management System (WMS) and Mission Management System (MMS).

“Design and disruption are the cornerstone of all product development efforts,” said Lynn Tilton, Chief Executive Officer for MD Helicopters, Inc. “This partnership with Elbit Systems, Ltd. will allow us to rapidly expand the capabilities of the MD 530G, resulting in a next-generation, advanced light scout attack helicopter solution that will set a new standard in this highly competitive class.”

In line with MD Helicopters’ commitment to delivering excellence and innovation in design, the integrated, advanced avionics suite utilizes an intuitive Human Machine Interface (HMI), multi-functional smart displays and next-generation applications to deliver a fully compatible multi-mission cockpit that reduces pilot workload, increases efficiency of crew operations, and delivers increased lethality for a range of operational parameters.

Helmet Display & Tracking System (HDTS)

The HDTS configuration supports both daytime and nighttime operation, allowing the pilot to intuitively maneuver the aircraft into attack positions and engage targets heads-up and eyes out.

Weapons Management System (WMS)

The advanced digital WMS will allow the MD 530G BII Scout Attack Helicopter to support a comprehensive array of suppressive firepower options as well as unguided and guided munitions, including Hellfire Missile and, with authorized customer demand, APKWS. Standard configuration includes support for M260 Rocket Pods, HMP 400 Digital Gun Pods, RMP Digital Gun/Rocket Pods, and the M134D-H Mini-Guns. Critical weapons management functions, such as weapon activation and HDTS operation, will be integrated into the cyclic grip and collective for both pilots.

Mission Management System (MMS)

The main component in the MD 530G BII Scout Attack Helicopter MMS is the Digital Mapping application (DMAP) managed by a touch screen graphical user interface (GUI). This moving map display will give pilots greater situational awareness with aircraft positions, known threats, and friendly locations plotted. The aircraft’s EO/IR solution will integrate directly with the new MMS to enable detect and store intelligence. Detect and store intelligence ensures that once a target has been acquired, the crew can choose to attack with guided weapons from a distance, or unguided munitions using the ballistics Continuously Calculated Impact Point (CCIP) displayed over the HDTS.

The enhanced Integrated Weapons System, certified and in use on fixed and rotary wing medium and heavy attack platforms already in service with U.S. and Allied forces around the world, will deliver greater mission flexibility and improved operational performance, making the already multi-mission-capable MD 530G perfectly suited for Close Support operations including attack, forward air control, armed reconnaissance, counter-insurgency, and observation.

“These are exciting times at MDHI,” said Stephen Suttles, Vice President of Commercial and Military Sales and Marketing for MD Helicopters, Inc. “Competition is a good thing in our business. We believe that the limited market penetration by others in this space is an incredible advantage for us, and we are confident in our ability to deliver equitable precision capabilities backed by an unmatched history of safety and survivability sooner than our competitors, and at a much better price point.”

“A proven and iconic light scout attack helicopter platform, the addition of this elegant, technically superior solution elevates the MD 530G BII to best-in-class status,” Tilton concludes. “My team has delivered industry-leading rotorcraft solutions for decades. Now partnered with the Elbit Systems team, we are poised to bring a new level of customizable, operator-focused solutions to U.S. and Partner Nation aviation forces.”

MD Helicopters anticipates live fire events with a production-quality test asset in 2020.

Tesla Unveils Electric Pickup Truck with Futuristic Design

November 22, 2019 / WIL BALDWIN

Click to make your fully refundable $100 Tesla deposit

Starting price of $39,900
Most expensive version offers a range of more than 500 miles
Production expected to begin in late 2021 (Recasts and writes through)

Nov 21 (Reuters) – Tesla Inc on Thursday unveiled its first electric pickup truck that looked like a futuristic angular armored vehicle in gunmetal gray, as the California company took aim at the heart of Detroit automakers’ profits.

At a launch event in Los Angeles, Tesla Chief Executive Elon Musk said the Cybertruck will have a starting price of $39,900 and production is expected to begin in late 2021.

Other versions will be priced at $49,900 and $69,900 with the most expensive offering a range of more than 500 miles.

“We need sustainable energy now. If we don’t have a pickup truck, we can’t solve it. The top 3 selling vehicles in America are pickup trucks. To solve sustainable energy, we have to have a pickup truck,” he said.

The truck, which Musk claimed “won’t scratch and dent”, was described as having windows made from armored glass. But the glass cracked like a spider web when hit with a metal ball during a demonstration. Musk appeared surprised but noted that the glass had not completely broken.

Reactions on Twitter ranged from love to hate of the sharply angled vehicle. “I just watched tesla release the #cybertruck and honestly? My life feels complete,” wrote @aidan_tenud, while @nateallensnyde wrote “Its nice to see Elon Musk make a cardboard box car he drew in kindergarten,”.

Musk earlier tweeted the design was partly influenced by the Lotus Esprit sportscar that doubled as a submarine in the 1970s 007 film “The Spy Who Loved Me”.

The truck marks the first foray by Tesla, whose Model 3 sedan is the world’s top-selling battery electric car, into pickup trucks, a market dominated by Ford Motor Co’s F-150, along with models by General Motors Co, and Fiat Chrysler Automobiles NV .

The pickup shifts Tesla more toward trucks and SUVs. The automaker has so far sold mostly Model S and Model 3 sedans, but also offers the Model X SUV and starting next year the Model Y compact SUV.

A focus on the high-performance end of the market is only natural given the success of Ford’s 450-horsepower F-150 Raptor truck, which launched in 2009 and whose sales have since risen annually, according to Ford spokesman Mike Levine.

While Ford does not disclose Raptor sales, Levine said annual demand is well above 19,000 vehicles and the No. 2 U.S. automaker has never had to offer incentives on the model, which costs in the high $60,000 range. Ford also offers the more expensive F-150 Limited, its most powerful and luxurious pickup.

Ford and GM are also gearing up to challenge Tesla more directly with new offerings like the Ford Mustang Mach E electric SUV as well as electric pickups.

Electric pickups and SUVs could help Ford and GM generate the significant EV sales they will need to meet tougher emission standards and EV mandates in California and other states.

The Trump administration is moving to roll back those standards, but electric trucks are a hedge if California prevails.

Demand for full-size electric pickup trucks in the near term may not be huge, however.

Industry tracking firm IHS Markit estimates the electric truck segment – both full- and mid-sized models – will account for about 75,000 sales in 2026, compared with an expected 3 million light trucks overall. The Tesla truck is not part of that estimate.

Ford aims to sell an electric F-series in late 2021, sources familiar with the plans said. It also will offer the Mach E next year as part of its plan to invest $11.5 billion by 2022 to electrify its vehicles.

In April, Ford invested $500 million in startup Rivian, which plans to build its own electric pickup beginning in fall 2020.

GM plans to build a family of premium electric pickup trucks and SUVs, with the first pickup due to go on sale in the fall of 2021. It plans to invest $8 billion by 2023 to develop electric and self-driving vehicles.

(Reporting by Naomi Tajitsu in Tokyo and Peter Henderson in San Francisco; Additional reporting by Miyoung Kim in Singapore and Joseph White in Detroit; Editing by Edwina Gibbs)

Archives