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Viking Signs Deal for Next Generation CL-515 Aircraft

PARIS, June 18, 2019––Longview Aviation Capital (“Longview”) and its subsidiary Viking Air Limited, a global leader of utility aircraft, support and services and manufacturer of the world-renowned Twin Otter, today announced a seven aircraft sales contract for six new-production CL-515 aircraft and one CL-415EAF.

The CL-515 is a newly developed, technically advanced multi-mission aerial firefighting aircraft – the next generation of the CANADAIR CL-415, the aviation industry’s benchmark amphibious aircraft and the backbone of firefighting missions around the globe. With enhanced firefighting capabilities, and the flexibility to support a wide range of critical mission operations, the CL-515 will be a vitally important strategic asset to fleets around the world.

The Republic of Indonesia’s Ministry of Defense has agreed to purchase six all-new CL-515 aircraft, four of which will be delivered in “First Responder” multi-mission configuration, and two delivered in optimized aerial firefighter configuration. The purchase agreement also includes one CANADAIR CL-415EAF “Enhanced Aerial Firefighter” aircraft converted from a CANADAIR CL-215 to EAF standard by Longview Aviation Capital’s subsidiary, Longview Aviation Services.

The Republic of Indonesia’s purchase agreement is a firm commitment that is conditional only on Longview Aviation Capital’s Board of Directors approving the production launch program.

“We are thrilled to welcome the Republic of Indonesia as the first customer for this extraordinary aircraft,” said David Curtis, Chairman and Chief Executive Officer of Longview Aviation Capital. ”This contract is a major milestone in bringing the next generation CANADAIR to market. The confidence of a sovereign government in our program is matched by our own confidence in our ability to deliver this new aircraft platform to the world. We are very well advanced in all aspects of program planning, including our supply chain, and we are nearing a final decision on manufacturing and final assembly sites. We expect to complete the remaining program milestones in the near future, and deliver the first new CL-515 on schedule in 2024.”

Program Development Process

Since acquiring the type certificates for the CANADAIR amphibious aircraft program from Bombardier in 2016, Longview has had positive discussions with numerous potential customers from around the world, including both governments and private operators, who have enthusiastically encouraged a production restart.

On the basis of the global interest in the unique and unrivalled capabilities of the CL-515, Longview and Viking have invested in a rigorous process ahead of full production launch decision:

  • Consulted extensively with current global operators to understand their future aerial firefighting resource requirements
  • Conducted extensive market research and feasibility studies and developed a new all-season multi-mission platform, leveraging advanced technology not previously included in the CL program
  • Consulted with key supplier partners
  • Undertaken advanced supply chain and manufacturing planning, including options associated with Longview’s current facilities and potential new facilities in Western Canada

CL-515 Highlights

  • Up to 15% better aerial firefighting productivity, including increased tank capacity and ability to refill in 14 seconds
  • State-of-the-art Collins Pro Line Fusion® digital avionics suite for unrivaled situational awareness
  • Flexible architecture to support multi-mission capabilities including aerial firefighting, maritime patrol, surveillance, medevac, environmental monitoring, insect control, oil spill detection and dispersant
  • Reduced maintenance and operating costs through improved, scalable avionics and superior design
  • Unmatched mission efficiency and flexibility, requiring no runway or reloading capacity during waterbombing firefighting

“Indonesia is on the front lines of increasing challenges like forest fires, and as an island nation has extensive needs for a range of amphibious capabilities,” said Air Chief Marshal Yuyu Sutisna, chief of staff for Indonesia’s Air Force. “We have chosen to invest in this aircraft based on the CANADAIR’s solid track record demonstrated around the world over the last 50 years, and Viking’s established capabilities as an aircraft developer and producer. The next generation CL-515 will have unmatched operational performance, particularly as a firefighter. This aircraft has the best productivity of any aerial firefighting aircraft, capable of delivering the highest quantity of foam retardant per day, while at the same time providing the flexibility to save lives and protect our coastal areas through its multi-role SAR and Maritime Surveillance functionalities. We are proud to sign the first contract for this extraordinary aircraft that will enhance our mission capability at excellent value.”

United Technologies & Raytheon to Create Defense Giant

United Technologies, Raytheon to create $120 billion aerospace and defence giant

(Reuters) – United Technologies Corp agreed on Sunday to combine its aerospace business with U.S. contractor Raytheon Co and create a new company worth about $121 billion, in what would be the sector’s biggest ever merger.

The deal would reshape the competitive landscape by forming a conglomerate which spans commercial aviation and defense procurement. United Technologies provides primarily commercial plane makers with electronics, communications and other equipment, whereas Raytheon mainly supplies the U.S. government with military aircraft and missile equipment.

While United Technologies and Raytheon have some common customers, their business overlap is limited, an argument the companies plan to make once U.S. antitrust regulators start scrutinizing the merger.

However, the two major commercial aircraft makers, Boeing Co and Airbus SE, as well as the Pentagon, have been known to use their significant purchasing power to seek concessions from their suppliers and may not welcome a potential lessening in competition among them.

When United Technologies rebuffed an acquisition offer from Honeywell International Inc in 2016, United Technologies chief executive Greg Hayes justified the decision partly by predicting that Boeing and Airbus would never accept having a supplier that would “build the plane from tip to tail.”

United Technologies has said it is on track to separate its Carrier air conditioning and Otis elevator businesses, leaving the company focused on its aerospace business through its $23 billion acquisition of Rockwell Collins, which was completed in 2018, and the Pratt & Whitney engines business.

Chinese authorities scrutinized the acquisition of airplane parts maker Rockwell Collins closely, given the companies’ footprint in that country’s market. This resulted in the deal closing in November 2018, as opposed to the targeted third quarter.

Trade tensions between the United States and China were blamed at least partly by analysts for that delay, but a source close to the deal said the companies did not expect this to be repeated because Raytheon does not do business in China.

Under the deal announced on Sunday, Raytheon shareholders will receive 2.3348 shares in the combined company for each Raytheon share. The merger is expected to result in more than $1 billion in cost synergies by the end of the fourth year, the companies said.

United Technologies shareholders will own about 57% of the combined business, called Raytheon Technologies Corporation, which will be led by Hayes. Raytheon shareholders will own the remaining stake, and Raytheon CEO Tom Kennedy will be named executive chairman. The companies negotiated the terms over several months, according to the source, who requested anonymity discussing the confidential deliberations.

The deal has been structured so that no shareholder of either company will receive a premium. United Technologies and Raytheon have market capitalizations of $114 billion and $52 billion, respectively.

The deal is expected to close in the first half of 2020.

The newly created company is expected to return between $18 billion and $20 billion of capital to shareholders in the first three years after the deal’s completion, the companies said. The new company will also assume about $26 billion in net debt, they added.

DEFENSE SPENDING RISE

Raytheon, maker of the Tomahawk and the Patriot missile systems, and other U.S. military contractors are expected to benefit from strong global demand for fighter jets and munitions as well as higher U.S. defense spending in fiscal 2020, much of it driven by U.S. President Donald Trump’s administration.

However, Pentagon spending is projected to slow down after an initial boost under Trump. A deal with United Technologies would allow Raytheon to expand into commercial aviation.

Conversely, United Technologies could benefit from reducing its exposure to commercial aerospace clients amid concerns that the rise of international trade protectionism will suppress economic growth and weigh on the flow of goods through air traffic.

The International Air Transport Association, which represents about 290 carriers accounting for more than 80% of global air traffic, cited these concerns earlier this month, when it said the industry is expected to post a $28 billion profit in 2019, down from a December forecast of $35.5 billion.

The deal with Raytheon could put pressure on General Electric Co, which competes with United Technologies for commercial aerospace clients, to seek scale. It could also push other defense contractors, such as Lockheed Martin Corp, to explore expanding their commercial businesses.

Last year, military communication equipment providers Harris Corp and L3 Technologies Inc announced an all-stock merger that, once completed, will create the sixth-largest U.S. defence contractor.

Morgan Stanley, Evercore Inc and Goldman Sachs Group Inc were financial advisers to United Technologies, while Wachtell, Lipton, Rosen & Katz was its legal adviser. Citigroup Inc was financial adviser to Raytheon, and RBC Capital Markets LLC provided a fairness opinion. Shearman & Sterling LLP was legal adviser to Raytheon.

(Reporting by Harry Brumpton and Kate Duguid in New York; Additional reporting by Mike Stone in Washington and Rama Venkat in Bengaluru; Editing by Richard Chang and Rosalba O’Brien)

JetBlue Expands Service in South America with New Route

Released : 06/06/2019

New, Longest Route in the JetBlue Network Takes Off This December with Nonstop Service between New York-JFK and Guayaquil, Ecuador

NEW YORK–(BUSINESS WIRE)– JetBlue (NASDAQ: JBLU) today announced that its new and expanded Guayaquil service, with daily nonstop flights between New York’s John F. Kennedy International Airport (JFK) and Guayaquil, Ecuador’s José Joaquín de Olmedo International Airport (GYE), is now up for sale. JetBlue will launch the new service on December 5, 2019.* Flights will operate daily and the new route will become the longest in the JetBlue network, stretching beyond today’s longest route by more than 200 nautical miles.

“Today, the existing New York-Guayaquil market suffers from high fares and limited service choices,” said Andrea Lusso, director route planning, JetBlue. “Broadening our service in Guayaquil will also help us grow our network and will introduce yet another incredible destination for JetBlue customers in New York while also expanding JetBlue’s international footprint.”

Home to more than two million people, Guayaquil, is buzzing with colorful cityscapes, outdoor gardens and zoos. The city is also a convenient gateway to the natural beauty of the Galapagos Islands. With quick and easy flight access from Guayaquil, travelers can get up close and personal with wildlife while surrounded by unique landscapes unlike anywhere else in the world.

Guayaquil is the second city in Ecuador JetBlue serves and the sixth JetBlue city in South America overall. The airline first launched daily service between Fort Lauderdale and Quito in 2016. Existing service between Fort Lauderdale and Guayaquil launched February 2019.

Schedule between New York (JFK) and Guayaquil (GYE)
Beginning December 5, 2019

JFK – GYE Flight #1769 GYE – JFK Flight #1770
2:00 p.m. – 9:04 p.m. 10:55 p.m. – 5:13 a.m. (+1)

The new nonstop flight between the Northeast and South America will be made possible by the A321neo’s extended range and fuel efficiency. JetBlue’s growth in its existing Ecuador market advances the airline’s leadership position in Latin America and the Caribbean where it serves nearly 40 destinations, and where it currently operates approximately one-third of its flights.

Inside the aircraft, JetBlue’s award-winning comfort and connectivity will be the focus of the onboard customer experience. The A321neo will 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 (a). Inflight entertainment will be 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 will offer customers expanded entertainment choices in nearly every region the airline flies (b). JetBlue is the only major U.S. airline with seatback entertainment screens at every seat on every aircraft.

About JetBlue Airways

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 42 million customers a year to 100+ cities in the U.S., Caribbean, and Latin America with an average of more than 1,000 daily flights. For more information please visit jetblue.com.

*Subject to receipt of government operating authority.

Collins Aerospace Celebrates Airbus Nacelle Delivery Milestone

— Delivery of the 1000th nacelle for A320neo program out of Foley, Alabama

— Delivery of the 9000th V2500 nacelle

— Continued support for the A220 nacelle program ramp-up

FOLEY, Ala., May 30, 2019 /PRNewswire/ — Today Collins Aerospace Systems celebrated its 45-year relationship with Airbus by delivering the 1,000th nacelle for the A320neo program, delivering the 9000th V2500 nacelle, and continuing to support the ramp-up of the A220 nacelle program. These milestones were commemorated at a ceremony hosted by Collins Aerospace at its Foley, Alabama facility. More than 900 employees at the facility were joined by leaders from Airbus in the U.S., as well as Alabama Congressman Bradley Byrne, to mark the milestones. Collins Aerospace is a unit of United Technologies Corp. (UTX).

The relationship with Airbus dates back to the A300, the first Airbus aircraft. The milestones achieved are due to the strong collaboration and hard work from both companies.

“This celebration and the work we do with Airbus goes far beyond Foley today. Teams across our worldwide sites are working with pride and commitment to provide on-time delivery and quality, and ensure that our relationship with Airbus remains strong for years to come,” said Jim Pollock, Collins Aerospace Vice President of Airbus Programs. “We’re now integrating A320neo engines with our advanced nacelle systems on three continents and continuing to introduce new manufacturing innovations — such as robotic painting systems and advanced fastening tools — to meet the increasing global demand for air travel.” 

In support of the Airbus A320neo program, Collins has invested hundreds of millions of dollars to expand manufacturing capacity at six global sites.

Collins Aerospace’s innovative nacelle system for the Airbus A320neo is performing with 99.99% percent dispatch reliability. There are currently more than 750 Collins nacelles operating on A320neo aircraft with 32 airlines. 

“In more than a million fleet hours since the A320neo’s entry into service, there have been less than 10 delays and zero cancellations associated with the Collins nacelle,” said Pollock. “This type of reliability is a testament to the commitment and dedication of the program, engineering, and airline support teams.”

About Collins Aerospace

Collins Aerospace Systems, a unit of United Technologies Corp. (UTX), is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. Created in 2018 by bringing together UTC Aerospace Systems and Rockwell Collins, Collins Aerospace has the capabilities, comprehensive portfolio and expertise to solve customers’ toughest challenges and to meet the demands of a rapidly evolving global market. For more information, visit CollinsAerospace.com

Embraer Praetor 600 Business Jet Outperforms on Certification

São Paulo, Brazil, April 18, 2019 – Embraer announces that the company’s new Praetor 600 super-midsize business jet was granted its Type Certificate by Brazil’s Civil Aviation Authority (ANAC—Agência Nacional de Aviação Civil), having been announced in October 2018 at NBAA-BACE and becoming the only super-midsize business jet to be certified since 2014.

The Praetor 600 is the best performing super-midsize jet ever developed, surpassing all its main design goals and becoming capable of flying beyond 4,000 nautical miles in long-range cruise speed or beyond 3,700 nautical miles at Mach .80 from runways shorter than 4,500ft, complemented by an outstanding payload capability.

“Our engineering and program teams have outperformed again by passionately designing, developing and certifying the class-leading Praetor 600 business jet, exceeding specifications and expectations, and ahead of schedule,” said Paulo César Souza e Silva, Embraer CEO. “This advanced aircraft reflects not only our journey of innovation, it is also a preview of the future of this great company.”

“The most disruptive and technologically advanced super-midsize business jet has arrived. The Praetor 600 will fascinate our customers with the highest performance, technology and comfort in its class and raise the customer experience to an unprecedented level,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “I want to thank and congratulate the Embraer family for bringing to market an aircraft that will create true value for customers and shareholders alike.”

The Praetor 600 is now the farthest-flying super-midsize jet, able to make nonstop flights between London and New York, São Paulo and Miami, Dubai and London. With four passengers and NBAA IFR Reserves, the Praetor 600 has an intercontinental range of 4,018 nautical miles (7,441 km). Take Off Field Length for such a mission is only 4,436 ft (1,352 m). At M0.80, range is 3,719 nm (6,887 km) with four passengers and NBBA IFR Reserves.

The Praetor 600 is the first super-midsize jet with full fly-by-wire technology, which powers the Active Turbulence Reduction that not only makes every flight the smoothest but also the most efficient possible.

The Embraer DNA Design interior eloquently explores every dimension of the only super-midsize to feature a six-foot-tall, flat-floor cabin, stone flooring and a vacuum service lavatory, all in the same certified aircraft. The class-exclusive Active Turbulence Reduction and 5,800-foot cabin altitude, complemented by a whisper silent cabin, have set the highest standards in customer experience in the super-midsize category. In addition to the full-service galley and a wardrobe, eight fully reclining club seats may be berthed into four beds, and the baggage space is the largest in the class.

Advanced technology throughout the cabin is also a trait of the Embraer DNA Design, beginning with the industry-exclusive Upper Tech Panel that displays flight information and offers cabin management features also available on personal devices through Honeywell Ovation Select. High-capacity, ultra high-speed connectivity for all aboard is available through Viasat’s Ka-band, with speeds of up to 16Mbps and unlimited streaming, another industry-exclusive in super-midsize jets.

The Praetor 600 features Collins Aerospace’s newest edition of the acclaimed Pro Line Fusion flight deck. Capabilities such as the industry-first vertical weather display, air-traffic-control-like situational awareness with ADSB-IN, predictive wind shear radar capability, as well as Embraer Enhanced Vision System (E2VS) with a Head-up Display (HUD) and an Enhanced Video System (EVS), an Inertial Reference System (IRS) and a Synthetic Vision Guidance System (SVGS) are some of the highlights on the Praetor 600 flight deck.

SPECIFICATIONS CERTIFIED AIRCRAFT DESIGN GOALS
Range 4 pax @ LRC(1) 4,018 nm / 7,441 km 3,900 nm / 7,223 km
Range 4 pax @ M0.80(2) 3,719 nm / 6,888 km 3,605 nm / 6,676 km
Takeoff distance @ 4 pax / full fuel(3) 4,436 ft / 1,352 m 4,458 ft / 1,359 M
Takeoff distance @ MTOW(4) 4,717 ft / 1,438 m 4,800 ft / 1,463 m
Unfactored landing distance(5) 2,165 ft / 660 m 2,270 ft / 692 m
Maximum operating altitude 45,000 ft / 13,716 m 45,000 ft / 13,716 m
Maximum payload(6) 4,001 lb / 1,815 kg 4,001 lb / 1,815 kg
(1) NBAA IFR reserves; 200 nm alternate; 4 pax @ 200 lbs each; baseline aircraft; LRC (Long Range Cruise)
(2) NBAA IFR reserves; 200 nm alternate; 4 pax @ 200 lbs each; baseline aircraft; M0.80
(3) SL; ISA ; full fuel; 4 pax @ 200 lbs each; NBAA IFR reserves; 200 nm alternate; baseline aircraft;
(4) SL; ISA; MTOW
(5) SL; ISA ; 4 pax @ 200 lbs each; NBAA IFR reserves; 200 nm alternate; baseline aircraft
(6) Baseline aircraft

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