Dubai, UAE, November 17, 2019 – Embraer and Cairo-based CIAF Leasing have signed a firm order for three E190 aircraft. The deal has a value of USD 161.4 million at current list prices and will be added to Embraer’s fourth quarter backlog.
The three new aircraft will join CIAF’s existing fleet of three E170s, two of which are on lease with Jasmin Airways, the other with Air Cairo. CIAF are also due to receive two E195s in mid-November.
Dr. Hassan Mohamed, Chairman and CEO of CIAF Leasing said, “The three new E190s will be an excellent addition to our growing fleet of Embraer E-Jets. With a fleet of E170s, E190s, and E195s, CIAF will have the flexibility to offer to both our wet and dry lease customers a service that fits their needs exactly.”
Raul Villaron, Vice President Sales, Africa and Middle East, Embraer Commercial Aviation said, “CIAF is rapidly increasing its footprint in both wet and dry leasing with the addition of further aircraft to their fleet and the establishment of their own AOC (Air Operator Certificate) in June this year. It’s a pleasure to work with an organisation that’s going from strength to strength by exploiting the benefits a family of aircraft can provide.”
All three aircraft will be delivered in the fourth quarter of 2020, in a new livery showing off CIAF’s new visual identity.
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.
Nov 15 (Reuters) – Canadian National Railway said on Friday it would cut management and union jobs, as the largest Canadian railroad operator grapples with an economic slowdown.
The announcement comes amid declining freight volumes as trade tensions have weighed on the North American economy.
The number of people to be laid off could rise if demand from rail customers continues to decline, the Canadian newspaper said, citing a person familiar with the matter.
Canadian National Railway spokesman said the action, which includes sending some of its employees on temporary leave, has already begun across its network.
(Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Amy Caren Daniel)
AMSTERDAM, Netherlands, Nov. 12, 2019 /PRNewswire/ — Embraer and KLM Cityhopper have signed a firm order for 21 E195-E2 aircraft, plus 14 purchase rights. The 21 firm positions will be acquired via operating lease from Embraer lessor partners Aircastle and ICBC Aviation Leasing. The order was previously announced as a Letter of Intent for 15 firm orders with 20 purchase rights at the Paris Air Show earlier this year. With all purchase rights exercised the deal would have a value of USD 2.48 billion.
The aircraft for this order will come from the existing backlogs of lessors Aircastle and ICBC Aviation Leasing; each providing KLM with 11 and 10 E195-E2s, respectively.
“KLM’s decision to add a further six aircraft to this order is a significant vote of confidence in our E2 programme”, said John Slattery, President and CEO, Embraer Commercial Aviation. “Delivering 30% lower emissions when compared to KLM’s current E190s, yet still providing a further 32 seats, the E195-E2 will simultaneously increase capacity for KLM at slot constrained Schiphol Airport, while also delivering huge reductions in emissions.”
KLM President & CEO Pieter Elbers, said, “For KLM this aircraft is a significant part of our commitment to improving our environmental impact. Not only is the E195-E2 the most fuel efficient lowest emission aircraft in its class, it is also the quietest by a considerable margin – a huge benefit for both our communities and our passengers.
KLM will configure the aircraft with 132 seats. Deliveries will begin in the first quarter of 2021.
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.
Nov 6 (Reuters) – Aircastle Ltd said on Wednesday Japan’s Marubeni Corp and Mizuho Leasing Co Ltd had offered to buy the aircraft lessor in a deal valued at $2.4 billion, ending a nearly two-week long strategic review of its business.
Shares of the company rose 16% to trade in line with the offer price of $32 per share. Marubeni, the company’s largest shareholder, has a 29% stake in Aircastle as of Oct. 23 that is currently valued at about $600 million.
Aircastle, which owned and managed 277 aircraft in 48 countries as of Sept. 30, counts American Airlines, Southwest Airlines and United Airlines among its customers.
Airline bankruptcies have increased this year at the fastest ever rate, led by the collapse of India’s Jet Airways, British travel group Thomas Cook and Avianca of Brazil, adding pressure on aircraft leasing companies.
Fitch Ratings said in September that it expects the sector to worsen in the medium term with a potential rise in airline bankruptcies, further aircraft repossessions and increased financing costs. (http://bit.ly/2qrjaG5)
The deal, which is valued at $7.4 billion including debt, is expected to close in the first half of 2020, Aircastle said.
Citigroup Global Markets Inc will serve as financial adviser to Aircastle.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli and Anil D’Silva)
– German Chancellor asks industry to help with charging
– Volkswagen unveils start of production of its ID.3 electric car
BERLIN, Nov 4 (Reuters) – Germany plans to increase by half the grants available to buyers of electric cars over the five years from 2020, according to a government document seen by Reuters, the latest in a series of measures to speed the adoption of low-emissions vehicles.
According to the document, due to be discussed at a meeting of high-level government and car-company officials on Monday evening, grants for plug-in hybrids will rise from 3,000 to 4,500 euros. For vehicles priced over 40,000 euros the grants will rise to 5,000 euros.
The government wants to have 10 million electric vehicles on the roads by 2030, part of an offensive designed to turn round the German car industry’s perceived laggard status in e-mobility compared to its rivals in the United States and China.
The paper came to light on the day that Chancellor Angela Merkel gave a speech at Volkswagen’s Zwickau factory, where the German watched the carmaker start mass production of its ID.3 electric car, a vehicle costing around 30,000 euros.
“We can now say that Zwickau is a pillar of today’s German auto industry and of its future,” Merkel said at the launch. “Our task as politicians is to create a framework where new technological innovations can take hold.”
Merkel said the government would invest 3.5 billion euros ($3.90 billion) to 2035 in building charging stations for electric cars.
On Sunday she had said Germany needed 1 million charging stations by 2030 and urged carmakers and utility companies to play their part in helping to build the necessary infrastructure.
As part of an auto industry push, BMW plans to build 4,000 electric car charging stations, a source familiar with the discussions said on Monday.
In September, at the Frankfurt auto show, Europe’s carmakers warned governments that the EU rules could be disastrous for profits and jobs because mainstream customers were not buying electric vehicles.
German carmakers are accelerating plans to launch electric vehicles, under pressure from a European Union mandate to deliver a 37.5% cut in carbon dioxide emissions between 2021 and 2030, on top of a 40% cut in emissions between 2007 and 2021.
($1 = 0.8970 euros)
(Reporting by Markus Wacket in Berlin and Joern Poltz in Munich, writing by Thomas Escritt and Edward Taylor; editing by Paul Carrel)
FORT WORTH, Texas — American Airlines has announced it is hiring an additional 165 aviation maintenance technicians (AMTs) and support positions in 2019, resulting in more than 1,000 new Tech Ops positions added to the company in 2019. These new jobs underscore American’s commitment to operational excellence and performing more maintenance work in-house than any other airline.
The newest positions will be at the airline’s maintenance base in Tulsa, Oklahoma called Tech Ops — Tulsa. Tech Ops – Tulsa is the world’s largest commercial aviation base maintenance facility and American recently announced 400 new Tech Ops positions to assist with additional work coming to the base.
The new team members, primarily Federal Aviation Administration-licensed mechanics, will focus on interior modifications to Boeing 737-800 and Airbus A321 aircraft to drive operational reliability and create a consistent product across American’s fleet.Previous
A Boeing 737 undergoing maintenance at Tech Ops — TulsaA Boeing 787 enters the hangar at Tech Ops — Tulsa.An aviation maintenance technician (AMT) works on a CFM56-7B engine at Tech Ops — Tulsa.Aviation maintenance technicians at Tech Ops — Tulsa.An AMT working on aircraft components at Tech Ops — TulsaA hangar at American’s maintenance base in Tulsa, Oklahoma, also known as Tech Ops — TulsaThe Airbus A321 for American’s Stand Up to Cancer campaign received final wrap work at Tech Ops — Tulsa.
“The work we do in Tulsa is an important part of maintaining and delivering safe and reliable aircraft for American’s customers and team members,” said Erik Olund, Managing Director of Base Maintenance for American. “With these additional positions, we’ll be situated to provide the best operational performance and consistent experience that our customers expect and deserve.”
This year American has added more than 1,000 Tech Ops positions in both frontline team members and support staff, further demonstrating its commitment to ensuring its Tech Ops team is positioned to provide the best service and product for customers and team members. American employs more than 15,000 Tech Ops professionals around the world.
Working for American’s Tech Ops team is a rewarding career that offers the opportunity to support the airline’s nearly 1,000 mainline aircraft, to be part of a team that values the safety of its customers and team members, and to ensure the reliability of American’s product. American offers competitive pay and benefits, including excellent health and flight benefits. Interested candidates can find the available positions and requirements at jobs.aa.com.
Saab and Vū Systems are launching a Next Generation Enhanced Flight Vision System (EFVS) solution using new passive millimetre wave (PMMW) technology, enabling pilots to see and land in low-visibility conditions at all times.
The Saab Vū EFVS enables commercial operators to maintain their schedule, while their competitors are forced to delay or cancel flights. It is the first system to provide reliable performance, unlocking access to airports in all weathers, without the need for conventional CATII/III infrastructure. The new Saab Vū EFVS provides the ability for take-off and landing in adverse weather conditions, including zero-visibility environments.
“The new system offers unmatched operational and safety advantages. Being able to take-off and land in low to zero-visibility environments radically reduces costs, increases safety and reduces environmental impact. This benefits pilots, operators and society as a whole. We are proud to be working together with Vū Systems to make this significant innovation commercially available,” says Jan Widerström, head of business unit Avionics Systems, within Saab business area IPS.
Every year, commercial aviation all over the world incurs massive financial losses as a result of delays and cancellations due to low visibility weather. In the USA alone, these additional costs amount to billions of dollars.*
To provide a solution to the impact of weather on U.S. flight operations, new FAA regulations (14 CFR 91.176) now permit landing without natural vision. The new regulations are performance based, meaning the performance of the EFVS sensor is critical to the operational value. The performance of the current EFVS sensors is limited by the atmospheric attenuation in the infrared band.
The Saab Vū EFVS solution is not affected by weather, enabling pilots to achieve Equivalent Visual Operations (EVO) and see runways at distances of two miles and more in zero-visibility conditions.
“This strategic arrangement with Saab means we can supply this revolutionary technology through a qualified supply chain to larger commercial customers, benefiting the aviation industry globally, by enabling them to take off and land when their competitors cannot,” says Stedman Stevens, CEO at Vū Systems.
Through a strategic partnership with Vū Systems, who developed the first commercially available PMMW sensor, Vū Cube, the Saab Vū EFVS exceeds the new regulatory performance goals. This unique solution comprises a new, sophisticated PMMW sensor and software that optimizes the sensor images with IR and synthetic vision, projected on the new Saab Head-Up Display (HUD). It provides pilots with the complete solution and the means necessary to land safely regardless of thick fog, snow, rain, smog, dust, smoke and clouds.
LOS ANGELES, October 24, 2019 – Today Air Lease Corporation (“ALC”) (NYSE: AL) announced long-term lease agreements with China Airlines (Taiwan) for six new Airbus A321neo aircraft. The aircraft will deliver to the airline beginning in 2021 through 2022 from ALC’s order book with Airbus.
“We are honored to have been chosen by China Airlines to provide their first six new A321neos in their single-aisle fleet transformation,” said John L. Plueger, Chief Executive Officer and President of Air Lease Corporation. “The A321neo will provide significantly expanded capabilities which will benefit China Airlines and its passengers far into the future.”
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
About Air Lease Corporation (NYSE: AL)
ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. ALC routinely posts information that may be important to investors in the “Investors” section of ALC’s website at www.airleasecorp.com. Investors and potential investors are encouraged to consult the ALC website regularly for important information about ALC. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.
About China Airlines
Founded in 1959, China Airlines employs more than 12,000 people worldwide and operates a fleet of 111 aircraft, making it the largest airline by size and frequency of service in Taiwan. China Airlines is also one of the 19 SkyTeam Alliance member airlines. China Airlines offers passengers access to an extensive global network of more than 14,500 daily flights to 1,150 destinations in 175 countries. China Airlines is continuing to promote superior aviation safety as well as eco-friendly, innovative and attentive services that provide travelers with the perfect travel experience. Recent major international and domestic awards received by China Airlines include: 7/7 Safety Rating from AirlineRatings in Australia, the Taiwanese civil aviation industry’s top “Golden Flyer Award,” “Best of the Best” Red Dot Award, iF Design Award, Good Design Award from Japan, “Best Airline of the Year,” “Best Airline in North Asia,” “Best Business Class Seat Design” and “Best Premium Economy” from the U.S.-based Global Traveler, “Top 10 Premium Business Class” and “Top 10 Economy Class” from the DesignAir, PAX International reader survey’s winner in the “Outstanding Food Service by a Carrier – Asia” category, and the APEX Award for Publication Excellence for the inflight magazine “Dynasty.”
FORT WORTH, Texas — A trip to the breathtaking landscape of the majestic Southern Alps will become much shorter when American Airlines launches the only nonstop service from Los Angeles International Airport (LAX) to Christchurch, New Zealand (CHC), next October. The airline is also adding the only direct service between Dallas Fort Worth International Airport (DFW) and Auckland, New Zealand (AKL), which will increase connecting opportunities for more customers across the United States. These routes are a direct result of the recently approved joint business with Qantas, which delivers new customer benefits like enhanced codeshare opportunities and increased frequent flyer benefits for American and Qantas customers.
The gateway to the South Island
Christchurch is the largest city in the South Island of New Zealand, and as the only carrier to operate this route, American will introduce its customers to one of the world’s most unique destinations.
“The South Island sums up everything that our customers are looking for in New Zealand — adventure, culture and wildlife found no where else,” said Vasu Raja, American’s Senior Vice President of Network Strategy. “We want to make their lifelong dreams a reality and bring New Zealand’s beauty even closer as the gateway to the South Island where you can drive, hike, cruise and fly to a variety of classic New Zealand experiences.”
American will fly to CHC three times per week from October 2020 through March 2021 on a Boeing 787-8. The 787-8 features 20 Flagship Business seats and 28 Premium Economy seats, providing additional comfort for the 13-hour flight. The aircraft offers a variety of entertainment options for customers, with access to power at every seat, live television, and hundreds of movies, music, games and TV shows.
LAX to CHC creates unique one-stop connections to the South Island not previously available by any other carrier. Qantas and Jetstar will connect passengers from CHC on to Wellington and Melbourne — some of the most popular destinations in the Pacific.
A new way to New Zealand
American currently operates seasonal service from LAX to AKL and will add new service from DFW next year. Flights will be operated with American’s state-of-the-art 787-9, with 30 Flagship Business seats and 21 Premium Economy seats. New flights from DFW to AKL will enable new one-stop connections to New Zealand from more than 70 cities across the United States.
“Now, we’re able to get customers from places like Louisville, Savannah or Monterrey, Mexico, all the way to New Zealand with just one stop,” said Raja.
As American enhances its commitment to the region, seasonal LAX to AKL service will resume earlier next year — Oct. 7 — adding three weeks of service to the increasingly popular destination.
“The South Island is a must-see for any international visitor to New Zealand,” said Stephen England-Hall, Tourism New Zealand’s Chief Executive. “Thanks to the new nonstop flights from Los Angeles to Christchurch and Dallas-Fort Worth to Auckland, it’s is now easier than ever before to experience all that unique and welcoming New Zealand has to offer.”
Benefits of the Qantas Joint Business
American and Qantas recently received final approval to form a joint business, which promises significant customer benefits not possible through any other form of cooperation. The carriers have already rolled out improved frequent flyer benefits, including higher earning rates for points and status credits on each airline’s network, and have expanded codeshare routes on each other’s network. Qantas will also increase from six weekly flights between Sydney, Australia (SYD), and DFW to daily service by mid-2020. Additionally, Qantas announced new service from San Francisco International Airport (SFO) and Chicago O’Hare International Airport (ORD) to Brisbane, Australia (BNE), which will launch in February and April respectively. Qantas will have its code on American’s new flights to New Zealand, giving Qantas frequent flyers more opportunities to earn and redeem Qantas points and status credits on American. Next year, American and Qantas will provide the most service to Australia and New Zealand from the United States.
LAX–AKL flights beginning in Oct. 2020 will be available for purchase starting Nov. 9. New LAX–CHC and DFW–AKL flights will be available for purchase starting Nov. 30.
What does this mean at LAX?
American and its partners serve more destinations to Asia/Pacific from LAX.
Customers traveling through LAX can take advantage of the most premium amenities of any carrier with three Admirals Club lounges, Flagship Lounge and Flagship Dining.
The new route launches a few months after the American Airlines Plaza opens at SoFi Stadium in Inglewood, California. The 298-acre world-class sports and entertainment destination is just three miles from the airport.
What does this mean at DFW?
In addition to new routes, American continues to invest in airport construction and development to deliver a world-class customer experience.
Customers can get cozy in five Admirals Club lounges and recently opened Flagship Lounge and Flagship Dining.
American’s growing network connects customers across the globe to more than 225 destinations in 31 countries from DFW.
CHICAGO (Reuters) – United Airlines is in early discussions with Apple Inc about upgrading the U.S. carrier’s terminal at San Francisco International airport, United’s Chief Digital Officer Linda Jojo told journalists on Friday without providing more details.
“I’m being deliberately vague,” she said.
Apple declined to comment on the development. The company has supplied United with iPad tablet computers in the past, but also has deals with United rivals such as American Airlines to let Apple Music customers listen to streaming music on its planes without purchasing in-flight WiFi.
(Reporting by Tracy Rucinski in Chicago and Stephen Nellis in San Francisco; Editing by Nick Zieminski)
A United Airlines 787 taxis as a 767 lands at San Francisco International Airport, San Francisco
