Tag: ceo (Page 3 of 17)

AirAsia Celebrates Travel Resumption to Phuket with Inaugural Flight

November 6, 2021 / WIL BALDWIN

AirAsia celebrates its maiden flight from Kuala Lumpur to Phuket today under the Phuket Sandbox programme, signaling the resumption of international air travel to Thailand. The inaugural service utilising an Airbus A320 aircraft departed Kuala Lumpur International Airport 2 (klia2) at 1115 hrs today. Excited guests boarded flight AK0824, the first of two scheduled weekly flights from Kuala Lumpur.

Riad Asmat, AirAsia Malaysia CEO said, “Today marks the beginning of our renewed hope on the strong return of demand for air travel. We patiently waited and have extensively prepared to ensure all of our guests are accommodated safely, seamlessly and with peace of mind. As border restrictions are lifted, AirAsia guests are always assured of the stringent health and safety protocols enforced on all of our flights with our highly trained and fully vaccinated crew continuing to deliver the world’s best service during the pandemic.”

“We would also like to thank and congratulate the Thai government for initiating the Phuket Sandbox programme, and we look forward to mounting more flights to various destinations in Thailand soon.”

Fully vaccinated travellers from Malaysia who wish to travel under the Phuket Sandbox Program must meet the requirements set by the Thai Government and successfully receive the Certificate of Entry by applying on Thailand’s Certificate of Entry Registration System prior to purchasing their flights.

Guests can book their flights to Phuket from just RM50 one way and travel between 5 November 2021 and 30 March 2022 through the ‘Flights’ icon on the airasia Super App now. Apart from that, they can secure great value flights+hotel deals through the ‘SNAP’ icon on the Super App starting from just RM239 for travel within the same period. Those who prefer to book their hotels separately may check the ‘Hotels’ icon in the app and book hotels in Phuket provided by SHA Plus and can get an extra 10% off with the promo code AAHOTEL10.

AirAsia has spent the period of downtime in travel over the past 18 months to further improve and revamp its flight procedures and processes. In the highest interest of safety and wellbeing of all its guests and employees, only fully-vaccinated employees will operate flights and be on-duty at airport terminals. Furthermore, AirAsia assures the highest safety standards are in place as part of its robust Covid-19 mitigation plan including by accepting only fully-vaccinated guests onboard, making it mandatory to check-in via the airasia Super App, and rolled out FACES facial recognition boarding system that will make the entire journey fully digital and contactless.

Despite mostly not flying for a good part of the past 18 months, all AirAsia’s aircraft are properly maintained according to procedures set by the manufacturer. AirAsia has set up an in-house maintenance, repair and operations (MRO) unit called Asia Digital Engineering that provides services not only to AirAsia but also other airlines. Likewise, all its pilots and cabin crew are regularly trained for mandatory refresher courses and ongoing retraining so that they are always on top of their job.

For more information on AirAsia’s safety measures and travel SOPs, please read the latest travel advisory here.
Stay up to date witheverything e-commerce from the airasia super app by following @airasiasuperapp on Instagram and Facebook for the latest updates on airasia super app’s e-commerce offerings!

SWISS Reports Marginally Positive Earnings for Third Quarter Quarter

November 4, 2021 / WIL BALDWIN

The coronavirus pandemic depressed earnings at Swiss International Air Lines (SWISS) in the first nine months of 2021, too. Following an extremely challenging winter period, however, spring 2021 saw a slight recovery in demand which then strengthened in the summer months.

Marginally positive Adjusted EBIT for the seasonally strong third quarter

SWISS witnessed a significant increase in air travel in the traditionally strongest third-quarter period which, thanks to a certain catch-up effect, extended into autumn. The company was able to raise its summer-months capacities to 55 per cent of their pre-crisis levels, and was able to sell the additional production, too. Third-quarter revenue rose by 91.0 per cent as a result, from the CHF 370.5 million of 2020 to CHF 707.8 million. The combination of higher production and sizeable cost reductions enabled SWISS to report an Adjusted EBIT of CHF 6.7 million for the period (Q3 2020: CHF -148.3 million). The positive third-quarter earnings reduced the operating loss for the first nine months of the year to CHF -391 million (Q1-3 2020: CHF -415 million), even though the first two months of 2020 had been unaffected by the coming crisis. Total revenue for the first nine months of 2021 was some 11 per cent down on the prior-year period at CHF 1.37 billion (Q1-3 2020: CHF 1.54 billion). Very strong demand on the cargo front continued to partially make up for the weak passenger business.

“We are delighted to have achieved a marginally positive earnings result for the third quarter of this year,” says SWISS CFO Markus Binkert. “We were able to both sell our increased capacities and further lower our costs over the summer months. But our third-quarter earnings result is still substantially below its pre-crisis levels.” For seasonal reasons, SWISS will be unable to emulate these positive quarterly earnings in the current fourth-quarter period, and the company expects to report a substantially negative earnings result for 2021 as a whole.

Restructuring measures initiated are having their effect

The actions taken under the ‘reach’ strategic restructuring programme to achieve recurring savings of some CHF 500 million are progressing according to plan. Five Airbus A330s have been temporarily stored to downsize the long-haul aircraft fleet. A reduction should also be effected in the short-haul fleet by withdrawing older aircraft of the Airbus A320 family earlier than planned and deferring deliveries of new Airbus A320neo family aircraft. The number of aircraft of other airlines operating SWISS services on SWISS’s behalf under wet-lease agreements should also be reduced. Two further new Airbus A320neo aircraft will be delivered to SWISS this year.

SWISS’s liquidity also continues to steadily improve. The company now expects to utilize no more than half of its bank credit facility, and is also confident of repaying such loans ahead of their maturity. “The actions we have taken under our restructuring are having their effect, and we are on track to overcome the crisis. With the revival in air travel worldwide, which has been further boosted by the announcement that the USA is opening up again, we now expect to be able to raise our capacities next year to at least 70 per cent of their pre-crisis levels,” says CFO Markus Binkert.

Strong passenger growth in the summer months

SWISS registered increases in its passenger numbers of 88.3 per cent for July, 123.7 per cent for August and 204.6 per cent for September 2021 compared to their prior-year periods. Systemwide seat load factor for the third-quarter period amounted to 66.4 per cent, on capacity that was at 55 per cent of its pre-crisis level. Seat load factors on SWISS’s European network remained higher than those on its intercontinental routes, though the latter were still a substantial improvement on their 2020 levels.

SWISS¹transported 3.7 million passengers in the first nine months of 2021, some 15.2 per cent²fewer than it had carried in the same period last year. A total of 35,264 flights were performed in the period, 14.6 per cent fewer than in January-to-September 2020. Nine-month systemwide capacity was 3.4 per cent down in available seat-kilometre (ASK) terms, while total traffic volume, measured in revenue passenger-kilometres (RPKs), saw a 23.7-per-cent decline. Nine-month systemwide seat load factor stood at 50.7 per cent, 13.5 percentage points below its prior-year level.

For the fourth quarter of 2021 SWISS will continue to offer more than 50 per cent of its pre-crisis capacities and thereby maintain a flight programme that is as stable and reliable as possible. Some 90 destinations are served from Zurich and Geneva in the current winter schedules – broadly the same number of points that were served before the present crisis, but with fewer frequencies. The aircraft providing these services also include three long-haul Boeing 777s which were temporarily converted to operate cargo-only flights in response to the pandemic, but which have now been converted back for regular passenger use.

¹Excluding Edelweiss Air

²In line with the provisions and practice of the Lufthansa Group, SWISS has modified the definitions used in its traffic volume reporting, with retroactive effect to 1 January 2021. This is also reflected in the corresponding year-on-year comparisons.

Amtrak CEO Bill Flynn’s Message on Empire Builder Train Derailment in Montana

September 26, 2021 / WIL BALDWIN

We are in mourning today for the people who lost their lives due to the derailment of the Empire Builder train Saturday, near Joplin, Montana, on the BNSF Railway, as well as the many others who were injured. We have no words that can adequately express our sorrow for those who lost a loved one or who were hurt in this horrible event. They are in our thoughts and prayers.

We are fully cooperating with the investigation, working closely with National Transportation Safety Board, the Federal Railroad Administration, local law enforcement and response agencies. We share the sense of urgency to understand why the accident happened; however, until the investigation is complete, we will not comment further on the accident itself. The NTSB will identify the cause or causes of this accident, and Amtrak commits to taking appropriate actions to prevent a similar accident in the future.

Amtrak’s immediate and sustained focus is on doing everything we can to help our passengers and crew, especially the families of those who were injured or died, at this painful and difficult time. Our Incident Response Team has been initiated. We have sent emergency personnel and Amtrak leadership to the scene to help support our passengers, our employees and their families with their needs. Individuals with questions about their family and friends aboard this train should call 800-523-9101. We have also established a Family Assistance Center in Great Falls, Montana, and we will have family assistance liaisons at that site to reach out to those injured and their families to make sure they get what they need. We have dispatched nurse case managers to support those hospitalized. As soon as Amtrak has permission, we will access the accident site to retrieve the personal effects of our passengers and crew.

We want to extend our deep gratitude and sincere appreciation to the Joplin and greater Liberty County communities and other Montana counties and their selfless first responders, hospital staff and law enforcement for their immediate and ongoing help to support of all those aboard the Empire Builder for responding with such urgency, compassion and patience.

SAF Orders Three H145 Airbus Helicopters for EMS Missions in France

June 19, 2021 / WIL BALDWIN

Marignane,France 16 June 2021 – SAF Group will be operating three more five-bladed Airbus H145 helicopter’s for emergency medical services (EMS). These three aircraft will be based in Grenoble, Valence, and Montpellier. They will complement the three H145s already ordered by SAF in 2018 and 2020, the first of which was delivered recently and will be deployed for EMS missions in Belgium.

SAF is a key actor of EMS in France and Europe. This French company already operates 55 Airbus helicopters. SAF’s fleet includes a Super Puma, H135s and H125s. The H145 will bring increased capabilities for the EMS missions.

The new version of Airbus’ best-selling H145 light twin-engine helicopter was unveiled at Heli-Expo 2019 in Atlanta in March. This latest upgrade adds a new, innovative five-bladed rotor to the multi-mission H145, increasing the useful load of the helicopter by 150 kg. The simplicity of the new bearingless main rotor design will also ease maintenance operations, further improving the benchmark serviceability and reliability of the H145, while improving ride comfort for both passengers and crew. The helicopter’s high-mounted tail boom and wide opening clam-shell doors facilitate access to the H145’s spacious cabin.

Today, Airbus has more than 1,470 H145 Family helicopters in service around the world, logging a total of more than six million flight hours. For EMS alone, there are more than 470 helicopters of the H145 family conducting air rescue missions worldwide.

Singapore Airlines Raises S$2 Billion from Sale-and-Lease Back Transactions

May 10, 2021 / WIL BALDWIN

Singapore Airlines (SIA) has completed sale-and-leaseback transactions for 11 aircraft, comprising seven Airbus A350-900s and four Boeing 787-10s, raising approximately S$2.0 billion in total.

The transactions were arranged by four different parties, as follows:

Lease Arranger	Aircraft
Aergo Capital Limited	1 Airbus A350-900 1 Boeing 787-10
Altavair	4 Airbus A350-900s
EastMerchant / Crianza Aviation	1 Airbus A350-900 2 Boeing 787-10s
Muzinich and Co. Limited	1 Airbus A350-900 1 Boeing 787-10
Total	11

SIA has successfully raised approximately S$15.4 billion in fresh liquidity since 1 April 2020, including these sale-and-leaseback transactions. The amount also includes S$8.8 billion from SIA’s successful rights issue, S$2.1 billion from secured financing, S$2.0 billion via the issuance of convertible bonds and notes, as well as more than S$500 million through new committed lines of credit and a short-term unsecured loan.

SIA continues to have access to more than S$2.1 billion in committed credit lines, along with the option to raise up to S$6.2 billion in additional mandatory convertible bonds before the Annual General Meeting in July 2021.

During this period of high uncertainty, as the airline industry continues to navigate the unprecedented challenges caused by the Covid-19 pandemic, the SIA Group will continue to explore additional means to raise liquidity as necessary.

Mr Goh Choon Phong, Singapore Airlines Chief Executive Officer, said: “The additional liquidity from these sale-and-leaseback transactions reinforces our ability to navigate the impact of the Covid-19 pandemic from a position of strength. We will continue to respond nimbly to the evolving marketing conditions, and be ready to capture all possible growth opportunities as we recover from this crisis.”

Dassault Aviation Launches The Falcon 10X

May 10, 2021 / WIL BALDWIN

Saint-Cloud, France, May 06, 2021 – Dassault Aviation today announced an all-new Falcon jet that will deliver a level of comfort, versatility and technology unmatched by any purpose-built business jet. Featuring a range of 7,500 nautical miles, the Falcon 10X will fly nonstop from New York to Shanghai, Los Angeles to Sydney, Hong Kong to New York or Paris to Santiago. Top speed will be Mach 0.925.

The Falcon 10X is scheduled to enter service at the end of 2025.

The 10X will have the biggest and most comfortable cabin on the market and offer greater modularity than any other aircraft in its class, with a selection of multiple interior configurations. The 10X is large enough to accommodate four cabin zones of equal length but owners can configure their cabin to create a truly customized interior, including for example, an expanded dining/conference area, a dedicated entertainment area with a large-screen monitor, a private stateroom with a queen-size bed or an enlarged master suite with a private stand-up shower.

The 10X will have a cabin cross section larger than some regional jets. Its cabin will be 6-feet, 8-inches (2.03 m) tall and 9 feet, 1 inch wide (2.77 m). That will make it almost 8 inches (20 cm) wider and 2 inches (5 cm) taller than the widest and tallest purpose-built business jet flying today.

Pressurization will also be the best on the market, with passengers experiencing a 3,000-foot cabin pressure altitude while flying at 41,000 feet. A next-generation filtration system will provide 100-percent pure air. The aircraft will be at least as quiet as the Falcon 8X, currently the quietest business jet in service.

The 10X will feature an entirely new fuselage with extra-large windows—nearly 50 percent larger than those on the Falcon 8X. Thirty-eight windows will line the fuselage making for the brightest cabin in business aviation.

The high-speed wing will be made of carbon fiber composites for maximum strength, reduced weight and minimum drag. Tailored for speed and efficiency, the very-high aspect ratio wing will be equipped with advanced, retractable high-lift devices offering superior maneuverability at low approach speeds.

The twin-engine aircraft will be powered by business aviation’s most advanced and efficient engine, the in-development Rolls Royce Pearl® 10X. The 10X is the latest, largest and most powerful version of the Pearl series, delivering more than 18,000 pounds of thrust.

The Falcon 10X’s flight deck will set a new standard in intuitive design, with touch screens throughout the cockpit. A next-generation Digital Flight Control System, derived directly from Dassault’s latest military technology, will provide an unprecedented level of flying precision and protection, including a revolutionary, new single-button recovery mode.

A single smart throttle will serve as the primary power control, connecting both engines to the Digital Flight Control System which will automatically manage the power of each engine as needed in different flight scenarios.

Thanks to Dassault’s breakthrough FalconEye® combined vision system—the first to offer both enhanced and synthetic vision capabilities—combined with dual HUDs able to serve as primary flight displays, the 10X will be capable of operating in essentially zero ceiling/visibility conditions.

Aerial panorama on Baku

Silk Way West Airlines Orders Five Boeing 777 Freighters

April 28, 2021 / WIL BALDWIN

BAKU, Azerbaijan, April 28, 2021 /PRNewswire/ – Boeing [NYSE: BA] and Silk Way West Airlines today announced the private cargo operator will expand its international network with an order for five 777 Freighters. The deal marks the first purchase of the long-range, high capacity twin-engine freighter in the Caspian region and Central Asia. The airplanes will enable the airline to increase its capacity to meet growing cargo demand around the globe.

Silk Way West Airlines and Boeing leaders announced the agreement during a signing ceremony in Baku that included Akhundov; Rashad Nabiyev, Minister of Transport, Communications and High Technologies of Azerbaijan; and Earle D. Litzenberger, U.S. ambassador to Azerbaijan, as well as Stan Deal, president and CEO of Boeing Commercial Airplanes.

The 777 Freighter is the world’s largest, longest range and most capable twin-engine freighter. The airplane’s better fuel efficiency and ability to reduce CO₂ emissions by 17% compared to legacy airplanes will contribute to the carrier’s sustainability goals. With a range of 9,200 kilometers, the 777 Freighter can carry a maximum payload of 102,000 kilograms, allowing Silk Way West Airlines to make fewer stops and reduce landing fees on long-haul routes.

Designed to integrate smoothly with existing cargo operations, the 777 Freighter will provide Silk Way West Airlines operational flexibility with five 747-8 Freighters and seven 747-400 Freighters the carrier currently operates. The 747 and 777 freighters are capable of carrying tall and outsized cargo loads on 3-meter-tall pallets. This common main-deck pallet height capability enables interchangeable pallets. Additionally, the 777 Freighter main deck side cargo door is 3.72 meters wide, giving the freighter outsized carriage capability beyond tall payloads.

The 777 Freighter is Boeing’s top-selling freighter of all time. Customers from around the world have ordered 247 777 Freighters since the program began in 2005. The market leader in air cargo aircraft, Boeing provides more than 90% of the worldwide dedicated freighter capacity, including new production and converted aircraft.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Founded in 2012 in Baku, Silk Way West Airlines is the largest cargo airline in the Caspian Sea region with an annual cargo turnover of 350,000 tons. Based at Heydar Aliyev International Airport in Baku, the airline operates approximately 350 monthly scheduled flights to 40 destinations around the world.

Japan Coast Guard and Singapore Add Airbus H225 Helicopters

April 9, 2021 / WIL BALDWIN

Japan Coast Guard (JCG) will expand its fleet with two new Airbus (OTC: EADSY) H225 helicopters, taking its total Super Puma fleet up to 17, comprising two AS332s and 15 H225s. The largest Super Puma operator in Japan received its tenth H225 in February this year. The new helicopters will join its growing fleet to support territorial coastal activities, security enforcement, as well as disaster relief missions in the country.

JCG’s H225 fleet is covered by Airbus’ highly adaptive HCare Smart full-by-the-hour material support. This customised fleet availability programme allows the national coast guard agency to focus on its flight operations whilst Airbus manages its assets

Offering the industry’s best range, speed, payload and reliability in the 11-ton-category twin-engine rotorcraft, the H225 is the latest member of Airbus Helicopters’ Super Puma family that has accumulated more than 5.7 million flight hours in all-weather conditions around the world. Equipped with state-of-the-art electronic instruments and renowned autopilot precision, the H225 offers outstanding endurance and fast cruise speed, and can be fitted with various equipment to suit a variety of roles.

Close to 30 helicopters from the Super Puma family are currently flown in Japan by civil, parapublic operators, and Japan’s Ministry of Defense for various search and rescue missions, VIP, fire-fighting, and passenger and goods transportation.

Also, the Republic of Singapore Air Force (RSAF) has taken delivery of its first H225M helicopter. Airbus Helicopters signed the contract with Singapore’s Ministry of Defence for the acquisition of H225M Medium Lift Helicopters in 2016.

Singapore’s fleet of H225Ms is expected to assume a wide range of roles, including search and rescue, aeromedical evacuation, as well as humanitarian assistance and disaster relief operations.

A combat-proven multi-purpose and versatile asset, the H225M enables military forces to deploy wherever and whenever needed. 104 H225Ms are currently in service across the world, having accumulated more than 143,000 flight hours. The H225M is relied upon by Brazil, France, Indonesia, Malaysia, Mexico Thailand to support their most demanding missions.

Southwest Airlines Orders 100 Boeing 737 MAX Jets, Plus 155 Options

March 29, 2021 / WIL BALDWIN

SEATTLE, March 29, 2021 — Boeing [NYSE: BA] and Southwest Airlines [NYSE: LUV] today announced the carrier will continue to build its business around the 737 MAX family with a new order for 100 airplanes and 155 options across two models. The deal comes after a multi-year fleet evaluation by Southwest and means that Boeing and its suppliers could build more than 600 new 737 MAX jets for the airline through 2031.

Southwest had been exploring options to modernize the largest component of its fleet: the 737-700 that serves the airline’s needs for a 140-150 seat airplane. With the new agreement, the airline reaffirmed the 737-7 as its preferred replacement and growth airplane. The jet will complement the 737-8, which serves Southwest’s needs for a 175-seat model. Both 737 MAX family members will reduce fuel use and carbon emissions by at least 14% compared to the airplanes they replace, helping to improve operating costs and environmental performance. Southwest said the solution allows it to maintain the operational efficiencies of an all-Boeing 737 fleet to support its low-cost, point-to-point route network.

The new purchase agreement takes Southwest’s order book to 200 737-7s and 180 737-8s, more than 30 of which have already been delivered. Southwest will also have 270 options for either of the two models, taking the carrier’s direct-buy commitment to more than 600 airplanes. The airline also plans additional 737 MAX jets through third-party lessors.

As part of the agreement, Southwest will also expand its use of Boeing’s digital solutions to support its 737 MAX fleet, including Airplane Health Management, Maintenance Performance Toolbox and digital navigation charting tools. Boeing will also provide system software upgrades and new wireless communications-enabling equipment to support Southwest’s operations.

Stadler Wins Tender to Deliver 59 Trains to Spanish State-Owned Rail Operator RENFE

March 9, 2021 / WIL BALDWIN

The Spanish state-owned rail operator RENFE has awarded Stadler a contract to deliver 59 commuter trains, which also includes the spare parts and maintenance for 15 years. This award is one of the batches in the bidding for the high-capacity trains tendered by the Spanish operator. Stadler proposes to maximize the capacity by using double-deck coaches with a scalable length from 100 to 120 meters and from 160 to 240 meters. The Iberian-gauge trains will operate on 3 kV DC overhead lines reaching a maximum speed of 140 km/h. They will provide the commuter service in the largest Spanish cities.

This is the first time that RENFE will order trains from Stadler. The new trains shall be developed and produced in Stadler’s plant in Valencia. The contract envisages an option for 44 additional units as well as their maintenance.

Iñigo Parra, CEO Stadler Valencia, said: “We’re excited about the decision from RENFE and their trust in Stadler. We were chosen to provide trains in our factory in Spain for the Spanish commuter service – this makes us proud.”

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