LAS VEGAS (March 15, 2020)– Wynn Resorts has decided to temporarily close Wynn Las Vegas and Encore as part of its continuing effort to reduce the spread of COVID-19 (coronavirus).
The Company has committed to pay all full-time Wynn and Encore employees during the closure.
The closure will be effective Tuesday, March 17 at 6 pm and is expected to be in effect for two weeks, after which time the Company will evaluate the situation. A limited number of employees and management will remain at the resort to secure and maintain the facility. For additional information and updates, please visit www.wynninfo.com.
Alstom on track to complete first train for Hanoi Metro Line 3
26 October 2019 – Alstom, which is manufacturing 10 trains for Hanoi Metro Line 3, today hosted Deputy General Secretary of the Communist Party of Vietnam, Tran Quoc Vuong, and his delegation to a visit of its train assembly plant in Valenciennes (France). The plant is working to complete the first trainset by the end of October, marking an important milestone in Alstom’s first integrated metro system contract in Vietnam, signed with MRB (Hanoi Metropolitan Railway Management Board) in 2017.
As part of the visit, Alstom’s Managing Director for China and East Asia, Olivier Loison, and Chairman of the Hanoi People’s Committee and Mayor of Hanoi, Nguyen Duc Chung, signed a memorandum of understanding regarding the existing contract of Alstom in Hanoi. The agreement aims to foster further collaborative opportunities between both parties for new systems within the Vietnamese capital.
“We are honoured to have Deputy General Secretary Vuong and his team witness the final assembly of our first train for Hanoi Metro Line 3 here in Valenciennes. This will be an important milestone for the bilateral project as we bring this train to fruition. We look forward to remaining a close and long-term partner of Vietnam, addressing its mobility needs and supporting it in its upcoming transport projects,” said Olivier Loison.
In 2017, Alstom, as leader of a consortium including Colas Rail and Thales, was awarded a contract to supply an integrated metro system for Hanoi Metro Line 3. Alstom’s share covered the supply and integration of the metro system, including the 10 trains and the Urbalis 400 signalling system[1], as well as the delivery of power supply and depot equipment together with a partner. The new line is 12.5 kilometres long with 12 stations. It is expected to carry over 23,900 passengers per hour and per direction at peak capacity.
Alstom puts the passenger at the heart of its train design process. The four-car Metropolis trains for Hanoi Metro Line 3 will feature wide doors to facilitate passenger flow, dedicated space for passengers with reduced mobility, as well as ergonomic and easy-to-grab bars. The trains will be fully electric, with lightweight aluminium car bodies. The train’s exterior and interior colour scheme takes local Vietnamese inspiration and includes motifs such as dragon fruit and the rice paddy field – a design that was well-received by the people at a public consultation held in September 2018.
When completed, the first train will undergo a series of static and dynamic tests at the Valenciennes Railway Testing Centre during the month of November. Tests will be carried out on the trains’ automatic control system and on-board audio-visual equipment, this time on Hanoi Metro Line 3 in the second half of 2020. Entry into service is expected in the first half of 2021.
Alstom has built up close to 30 years of presence in Vietnam. It has provided signalling and telecommunication system modernisation services for the Hanoi-Vinh regional line phase one and phase two and has offered signalling and telecommunication systems for Ninh Binh station.
[1] Alstom’s Communication Based Train Control (CBTC)-solution, which controls the movement of the trains and enables trains to run at higher frequencies and speeds in total safety
Exclusive: China’s huge Airbus order padded by old or incomplete deals – source
PARIS
(Reuters) – A landmark order from China for 300 Airbus jets signed
during a state visit last week was bolstered by repeat announcements of
dozens of existing deals and advance approval for deals that have yet to
be struck, two people familiar with the matter said.
Echoing
an umbrella order for 300 Boeing jets awarded during a visit to Beijing
by U.S. President Donald Trump in 2017, the headline figure for the new
“framework order” for European jets was partly driven by political
considerations, the people said.
The
Airbus deal would have been worth some $35 billion at list prices but
the amount of new business is lower, they added. Duplicate announcements
included a deal for 10 A350 aircraft to an unnamed buyer, which
represents a repeat announcement of an order for 10 jets by Sichuan
Airlines at an air show last year.
The
disclosure takes some of the shine off an announcement widely regarded
as the economic highlight of a trip to Europe by Chinese President Xi
Jinping. Nonetheless the deal marked a return to the aircraft market by
China’s state buying agency after a pause of over a year during global
trade tensions.
The
overall figure of 300 was introduced late in the process and after Xi’s
visit was underway, although plane orders typically take months to
negotiate, one of the people said.
Airbus declined to comment on detailed orders but left open the possibility that the large total contained gaps.
The
agreement “creates the approval framework for aircraft ordered by
Chinese airlines, be it existing orders or future orders,” a spokesman
said.
TRADE TIES
Airbus
shares fell 0.7 percent on Tuesday, extending earlier losses after
Reuters reported gaps in the China deal. Airbus’ stock had risen almost
two percent after China’s mega-order, signed in Paris on March 25 in
front of Xi and French President Emmanuel Macron.
Industry
sources say major planemakers play by similar rules when selling to
China, where they face a two-tier system of negotiations with airlines
within a framework of state-backed umbrella deals that may be influenced
by geopolitics.
But
the headline figures for new orders during high-profile diplomatic
visits, which for several years hovered around 150 aircraft for both
Airbus and Boeing, have increased as trade ties between Washington and
China go through highs and lows.
In
November 2017, months before a trade war erupted with the imposition of
tariffs, China announced an order for 300 Boeing jets during a visit to
Beijing by U.S. President Donald Trump.
Analysts
expressed doubts at the time over how much of that was new business,
and said part of the announcement represented renewed government support
for deals already on Boeing’s books.
“The most recent Airbus and Boeing deals followed a similar pattern,” said a China aircraft industry specialist.
Boeing
is now seen as next in line to secure a 200-300-plane order as part of a
possible economic truce being negotiated to end the trade war, but the
recent grounding of one of its jets has cast uncertainty over the timing
of the deal.
Boeing
and Airbus compete fiercely to serve the needs of the world’s
fastest-growing airplane market, while bracing for future competition
from China’s own aerospace industry.
Analysts
say Beijing tends over time to balance U.S. and European purchases,
though recent years have seen the rise of a growing number of
independent Chinese leasing companies and an increase in autonomous
decision-making by several airlines.
(Reporting by Tim Hepher, Additional reporting by Marine Pennetier; Editing by Sudip Kar-Gupta and Richard Lough)
