Union Pacific today named Craig Richardson executive vice president, chief legal officer and corporate secretary. Richardson is responsible for overseeing all aspects of the company’s legal affairs, including commercial transactions and litigation, regulatory matters, labor and employment. Richardson also supervises the railroad’s compliance and ethics program, and risk management initiatives, including Union Pacific’s police department. He succeeds Rhonda Ferguson, who served as executive vice president, chief legal officer and corporate secretary.
Richardson most recently served as vice president of commercial and regulatory law. He’s also held the position of associate general counsel.
“Craig has provided critical leadership, guiding us through sensitive and complex legal matters with insight, sound judgment and clarity,” said Chairman, President and CEO Lance Fritz. “He is a superior partner and counselor and has the expertise we need during this time of unprecedented change within our nation and company.”
Richardson’s experience spans commercial and regulatory litigation, including oil and gas, environmental, and antitrust law, as well as all aspects of multi-jurisdictional permitting of global energy infrastructure. For nearly a decade, he served as the Chief Legal Officer of El Paso Corporation’s Pipeline Group, the largest network of interstate natural gas pipelines in North America, delivering over 30% of the natural gas consumed in the United States. He was responsible for all legal matters nationwide, waging successful litigation in executing El Paso’s $8 billion portfolio of crucial additions to national energy infrastructure from California to New York.
Mesa Air Group, Inc. (NASDAQ: MESA) announced that it has finalized a new contract, which replaces the previous agreement with American Airlines, to operate 40 CRJ-900’s for a five-year term beginning January 1, 2021 through December 31, 2025. Under the previous contract 30 CRJ-900 aircraft were set to expire in 2021 with an additional 17 expiring in 2022.
“I want to express my appreciation to the American Eagle team leaders who worked with us on this new contract,” said Jonathan Ornstein, Chairman and Chief Executive Officer of Mesa Air Group. “This new contract will help to position Mesa for long term stability and improved performance on our American operation. This year has been difficult for our entire industry due to the Covid-19 pandemic, but I’m thankful that despite the obstacles, American has chosen to continue its long-standing relationship with Mesa.”
“I want to thank everyone involved for making this deal happen, especially our employees, who have shown unmatched professionalism and dedication throughout this difficult year,” said Brad Rich, Executive Vice President and Chief Operating Officer. “Efficiency and flexibility have been the pillars of our operation and the key to our low-cost structure. We are optimistic about our relationship with American and believe this new contract will be beneficial to both parties.”
Mesa Air Group, Inc. (NASDAQ: MESA) today announced that it has completed a second closing through its previously disclosed five-year Loan and Guarantee Agreement under the Coronavirus Air, Relief, and Economic Security Act (CARES Act).
The Loan Agreement provided a secured term loan facility of up to $200 million. On October 30, 2020, Mesa borrowed $43 million under the facility and today, completed a second closing to borrow an additional $152 million. These funds may be used for general corporate purposes and operating expenses, to the extent permitted by the CARES Act.
“I’d like to again express my sincere gratitude to everyone involved in making this deal happen. Our people have been working very hard to ensure Mesa and its employees are prepared to weather this storm”, said Jonathan Ornstein, Chairman and Chief Executive Officer. “These additional funds will substantially benefit our airline and the communities we serve as we continue to navigate the obstacles created by the pandemic”.
In connection with the additional $152 million drawn under the facility, Mesa issued warrants to the U.S. Treasury to purchase 3,819,095 shares of common stock, no par value. The Warrants have a five-year term from the date issued, were issued pursuant to the Warrant Agreement, and have substantially identical terms to the warrants issued on the initial closing.
Southwest Airlines will begin flying to Hawaii from a fourth city in California next spring, the airline announced.
Flights between San Diego and Kahului start on April 14, 2020, and San Diego and Honolulu flights will begin April 20, 2020.
More than a year after starting its Hawaii service in March, Southwest Airlines (NYSE: LUV) will finally meet its original stated Hawaiian goal of flying from each of its four California gateways.
Southwest currently flies to Hawaii from both Oakland and San Jose. The Dallas-based airline will begin flying out of Sacramento November 10.
Southwest Chief Executive Gary Kelly has also stated that Las Vegas is a possible Hawaii gateway, but the airline’s expansion has been slowed down by the grounding of its 737 Max fleet.
Hawaii flights have been operating above company expectations. Southwest is keen on keeping its existing market share and capturing more, which is why Hawaii flights were excluded from a recent system fare increase.
“The name Ruakanakana is associated with a pā site beside Lake Elterwater that was occupied by the renowned chief Te Rakaitauheke of the Ngāti Kurī hapū of Ngāi Tahu.
“The Main North Line runs alongside Lake Elterwater, around 10km north of the new overpass. Ruakanakana can be translated as “two-headed lamprey” which evokes images of a guardian taniwha.
“Traffic will be travelling on the new overpass next month. Construction work is close to completion, with the naming by iwi and blessing of the new overpass part of our final preparations.
“Vehicles have been using a temporary diversion through the area, while it was being built.
“The new road overpass is part of the work KiwiRail is doing to move a stretch of the Main North Line to bypass Tar Barrel tunnel, the oldest tunnel on the line.
“This work is needed to make the rail line more resilient and involves cutting through the hill to re-route the line to the south of the tunnel and beneath State Highway 1.”
The project is part of the Kaikoura Earthquake recovery works and will improve rail operations and seismic reliance for both road and rail.
KiwiRail is working with Waka Kotahi NZ Transport Agency to deliver these works, which are on track to be completed by mid-2021.
Waka Kotahi Director Regional Relationships Jim Harland thanked drivers through this site for taking care around road and rail crews while a more resilient link, particularly in the event of earthquakes, is completed for both road and rail.
Southwest Airlines (NYSE: LUV) today announced plans to expand its footprint in Chicago and Houston to give more travelers access to Southwest’s iconic Hospitality, low fares, and Customer-friendly policies.
Chicago O’Hare International Airport Work is underway to add new service from Chicago O’Hare International Airport (ORD), alongside existing service from the carrier’s longtime Chicago home, Midway International Airport (MDW). Midway remains one of the busiest airports in Southwest’s network. Since first arriving in Chicago in 1985, Southwest has grown into one of the city’s largest employers with more than 4,800 Chicago-based Employees.
George Bush Intercontinental Airport As Southwest approaches a commemoration of 50 years of flying, the carrier intends to return to Houston George Bush Intercontinental Airport (IAH), complementing its substantial operation at Houston Hobby (HOU). Intercontinental served as one of three airports where Southwest operated on its first day in operation, June 18, 1971. The carrier moved to Hobby Airport shortly thereafter though it operated service from both airports between 1980 and 2005. Southwest remains a key employer in the City of Houston, providing nearly 4,000 jobs.
“Southwest owes decades of success to our Employees and Customers who have supported our business in Chicago and Houston,” said Gary Kelly, Chief Executive Officer and Chairman, Southwest Airlines. “Today’s announcement furthers our commitment to both cities as we add service to share Southwest’s value and Hospitality with more leisure and business travelers.”
Service to both airports is anticipated to begin in the first half of 2021. Additional details, including schedules and fares, will be available soon.
FILE PHOTO: The logo of Airbus is pictured at the entrance of the Airbus facility in Bouguenais, near Nantes, France, July 2, 2020. REUTERS/Stephane Mahe/File Photo
TOULOUSE, France (Reuters) – Major French unions on Monday signed a keenly awaited labor deal with Europe’s Airbus <EADSY> covering job reductions and furloughs for production workers affected by coronavirus-blighted demand for passenger jets.
After three months of talks, unions representing a majority of the planemaker’s French workers signed an agreement paving the way for 4,200 job reductions in France, including 3,400 in Toulouse, Europe’s aerospace capital where Airbus is based.
Unions say the agreement will prevent compulsory redundancies, although Chief Executive Guillaume Faury recently warned staff that voluntary measures would not be enough.
MEXICO CITY, /PRNewswire/ — Volaris (NYSE: VLRS and BMV:VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports September2020 preliminary traffic results.
Volaris is well positioned for a continuing post Covid-19 traffic recovery and is regaining capacity at a fast pace, due to its strong ultra-low-cost business model focused on the VFR (Visiting Friends and Relatives) and leisure segments in the domestic and US-transborder markets. Volaris also continues to see success from its efforts to convert first time flyers through its bus switching marketing campaigns in Mexico.
In September 2020, capacity measured by ASMs (Available Seat Miles) was 84.2% compared to the same month of last year. Demandmeasured by RPMs (Revenue Passenger Miles) was 75.6% of last year. This represents an increase of 2.4% versus August 2020. Volaris transported a total of 1.3 million passengers during September 2020, an increase of 4.1% versus August 2020. Booked load factor for September 2020 was 74.4%, an increase of 1.8 pp versus August 2020. No shows were back to normal levels.
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– $11.5 million will stabilize and improve Colorado – New Mexico segment
WASHINGTON – Amtrak, committed to the national network of long-distance, interregional trains, is thanking the Federal Railroad Administration for a $5.6 million Consolidated Rail Infrastructure and Safety Improvements (CRISI) grant to stabilize and rehabilitate the route of the Amtrak Southwest Chief in Colorado and New Mexico. Combined with $4.9 million in Amtrak federal funds set aside for this service and $1 million from the New Mexico Department of Transportation (NMDOT), a total of $11.5 million will be invested from Trinidad, Colo., to south of Lamy, N.M.
This is the fifth federal grant for the route segment in these two states and Kansas. There is still a significant need for component renewal and restoration of the line to bring it to a more robust condition. When these improvements and others are complete, it will remain a productive route for decades to come.
Between 2016 and 2020, Amtrak has committed $15.8 million in direct funding for the route of the Southwest Chief, and an additional $12.8 million in matching funds to previously awarded federal grants. Amtrak has also invested between $4 and $8 million annually in this segment, outside of any grant programs, including selective installation of ties, replacing bolted rail in curves, and bridge or culvert repair.
“Starting in 2014, a team of elected and private officials formed a coalition with Amtrak that has been successful as shown by matching funds from the states and Amtrak, the political backing for the train by the region’s Congressional delegation, and the continued support by the cities, counties, and communities alongside the railway,” said Bill Flynn, Amtrak President & Chief Executive Officer. “Our past and current investments, from Kansas through Colorado and New Mexico, demonstrate our commitment to the Chief route and also preserve this segment for eventual inclusion in a north-south connection along the Front Range between Denver and Albuquerque, via Colorado Springs and Pueblo.”
Most of the trackage is owned by Burlington Northern Santa Fe Railway, which has been moving its traffic to less mountainous routes. The arid weather conditions and low freight tonnage since 2008 have allowed the right-of-way to remain in stable condition despite its advancing age. Amtrak, NMDOT and BNSF have identified critical areas where investment in the route infrastructure will improve its condition and enhance safety such that more efficient and productive maintenance dollars can be applied to it annually. Additional federal grant applications are expected to be sought.
Project engineering and construction under this CRISI grant will be carried out by the BNSF Railway Engineering Department and the Rio Metro Regional Transportation District, the latter which manages the NMDOT infrastructure. Work is expected to begin in 2021 and carry into 2022.
New ties will be installed on a 31-mile section south of Raton Pass and another six-mile segment in New Mexico, more than 12 miles of bolted rail will be converted to welded rail between Lamy and where Rio Metro’s Rail Runner commuter traffic diverges to Santa Fe, and the decks of two bridges will be rebuilt, along with three grade crossings.
BNSF commissioned a geotechnical assessment to provide recommendations for the reduction of rockfall hazards at Raton Pass, Glorieta Pass and Shoemaker Canyon. The grant will fund additional stabilization and protection measures. BNSF’s 3.3 percent Raton Pass grade is only used by Amtrak trains and is the steepest rail route in regular U.S. use. It is has been a National Historic Landmark since 1960 and is at an elevation of 7,834 feet.
The Southwest Chief (Trains 3 & 4) operates 2,265 miles between Chicago and Los Angeles, via Kansas City and Albuquerque, and also provides access to the Philmont Scout Ranch (northeast New Mexico’s largest employer), the Grand Canyon and Las Vegas.
During a visit of the Airbus premises in Manching, Europe’s largest military aviation development centre, the Defence Ministers of Germany and France, Annegret Kramp-Karrenbauer and Florence Parly, expressed their nations’ support for key European defence programmes.
Ministers Kramp-Karrenbauer and Parly met with senior company executives led by Airbus Chief Executive Officer (CEO) Guillaume Faury, Airbus Defence and Space CEO Dirk Hoke as well as local policy-makers.
The event marked the first-ever joint visit of a German and French Defence Minister on site, which is home to some 5,600 Airbus employees from 43 nationalities and some 1,000 service-members from the German armed forces.
Both Ministers stressed the importance of fostering key European defence programmes such as the development of an European drone, the so called Euro MALE RPAS unmanned aerial vehicle, and the Future Combat Air System (FCAS).
An European industry consortium under the lead of Airbus, with its partners Dassault Aviation and Leonardo, aims at developing a European drone for France, Germany, Italy and Spain, also often publicly referred to as the “EuroDrone”. This new system is designed to bring unique operational capability to Europe in the field of unmanned aerial surveillance.
The FCAS programme, brought to life by the governments of France and Germany in 2017, will provide the next level of airpower by creating a System of Systems of manned and unmanned platforms with full operational capability planned for 2040. Spain has meanwhile joined the programme, making FCAS a true European endeavour.
On the industrial side, Dassault Aviation and Airbus are leading the FCAS activities together with other key partners. Despite constraints due the COVID19 pandemic, the Joint Concept Study, launched in 2019, and the Demonstrator Phase 1A, launched this year, remain on track.
“The visit of the French and German Defence Ministers to Manching is a clear signal of the importance of a strong and capable defence industry for Europe”, said Guillaume Faury, CEO of Airbus. “Manching is the centre of competence and national champion for all German fixed-wing military platforms and thus of strategic importance for our local customer. Here, we are also shaping the future of military aviation with multinational programmes such as the EuroDrone and FCAS and we are very grateful that we could showcase this today to decision-makers.”
Besides ongoing programmes, the Ministers also received a glimpse of the high-end technical engineering capabilities of Airbus by visiting into the future of flight with the Low Observable UAV Testbed (LOUT), a research project funded by the German Ministry of Defence that had first been publicly revealed in the fall of 2019. Low observability will be one of the key factors in the development of the Future Combat Air System.
Policymakers also praised the high-level visit to one of Bavaria’s top industry sites:
“Manching is a prime example of what Europe can achieve in defence if we join forces. Not only are we proud of the international spirit we see here in Bavaria coming from companies like Airbus where Germans, French, Spanish, British and other nationalities are working hand in hand. Manching is also an example for unique and critically important cooperation models with the Bundeswehr”, said Reinhard Brandl, member of the CSU in the Bundestag’s budget committee. “The future of European defence and the future of high-tech industry sites such as Manching hinges on programmes such as FCAS and the EuroDrone. Therefore, we have to ensure they are endorsed and brought forward in a joint and balanced manner.”
