Tag: Florida (Page 3 of 12)

Embraer Signs Major Services and Support Agreement with Porter Airlines

August 6, 2021 / WIL BALDWIN

After unveiling plans for a major expansion in North America with a firm order for 30 E195-E2 jets, with purchase rights for a further 50 aircraft, Porter Airlines has signed a major aftermarket support package contract with Embraer. The Total Support Program (TSP) agreement includes airframe heavy maintenance checks, technical solutions, and access to the Pool Program, which includes component exchanges and repair services for hundreds of reparable items for Porter’s E2 fleet of commercial aircraft, for up to 20 years. Currently, the Pool Program supports more than 50 airlines worldwide.

The Pool Program services will be provided by Embraer Aircraft Customer Services (EACS) in Fort Lauderdale, Florida, while the heavy maintenance services will be performed by Embraer Aircraft Maintenance Services (EAMS) in Nashville, Tennessee. In the coming months, Embraer will work with Porter in order to provide services related to the aircraft entry into service (EIS) process, which includes technical training, spare parts recommendations, and provisioning services.

Porter Airlines will be the North American launch customer for Embraer’s E-Jets E2 family of commercial aircraft. Porter’s investment is set to disrupt the Canadian aviation landscape by enhancing competition, elevating passenger service levels and creating as many as 6,000 new jobs. Porter intends to deploy the E195-E2s to popular business and leisure destinations throughout Canada, the United States, Mexico and the Caribbean, from Ottawa, Montreal, Halifax and Toronto Pearson International Airport.

Porter’s first delivery and entry into service is scheduled to start in the second half of 2022. The E195-E2 accommodates between 120 and 146 passengers. Configuration plans for Porter’s E2s will be revealed in due course.

Embraer and CommutAir Announce Pool Program Agreement

July 19, 2021 / WIL BALDWIN

Embraer has signed a long-term Pool Program agreement with CommutAir, a United Express carrier, to support the airline’s ERJ 145 jet fleet. This new contract includes full repair coverage for components and parts, as well as access to a large stock of components at Embraer’s distribution center in Fort Lauderdale, Florida. Currently, the Pool Program supports more than 50 airlines worldwide.

With a total of 168 aircraft under lease, CommutAir now maintains the largest ERJ 145 fleet in the world, recently becoming the sole regional partner to operate the ERJ145 for United Airlines. Under this agreement, CommutAir and United will consolidate their ERJ 145 spare component inventory with Embraer’s Pool program to improve stock levels and reliability. In April 2021, CommutAir selected Embraer Aircraft Maintenance Services (EAMS) in Macon, Georgia, as one of its primary heavy maintenance providers for the airline’s fleet of ERJ145 aircraft. The agreement includes airframe maintenance, modifications and repair services.

Embraer’s Pool Program is designed to allow airlines to minimize their upfront investment on high-value repairable inventories and resources and to take advantage of Embraer’s technical expertise and its vast component repair service provider network. The results are significant savings on repair and inventory carrying costs, reduction in required warehousing space, and the virtual elimination of the need for resources required for repair management, while ultimately providing guaranteed performance levels.

Lockheed Martin and NASA executives officially opened the STAR Center in Florida on July 15.

Lockheed Martin Opens Orion Spacecraft Advanced Manufacturing Facility

July 15, 2021 / WIL BALDWIN

TITUSVILLE, Florida, July 15, 2021 /PRNewswire/ — Lockheed Martin [NYSE: LMT] opened its Spacecraft Test, Assembly and Resource (STAR) Center today. The STAR Center features business and digital transformation innovations that will expand manufacturing, assembly and testing capacity for NASA’s Orion spacecraft program and ultimately, future space exploration.

Lockheed Martin currently assembles the Orion spacecraft for the Artemis I and II Moon missions at the nearby Neil Armstrong Operations and Checkout (O&C) building at NASA’s Kennedy Space Center. The addition of the STAR Center provides much-needed space for the new production phase of Orion, allowing future Orion spacecraft – starting with the Artemis III mission – to be built faster.

Lockheed Martin acquired the building that formerly housed the Astronaut Training Experience attraction and spent 18 months and nearly $20 million renovating and modernizing the 55,000 square-foot space into a digitally-transformed factory of the future.

Embraer Delivers First Phenom 300E as Part of Duet Collaboration with Porsche

July 2, 2021 / WIL BALDWIN

Embraer (NYSE: ERJ) delivered the first limited-edition Phenom 300E aircraft—part of the Duet collaboration with Porsche (OTC: POAHY) – to an undisclosed customer in Fort Lauderdale, Florida. The aircraft was delivered at Embraer’s state-of-the-art Global Customer Center in Melbourne, Florida.

Duet marks the first-ever true collaboration between leading aviation and automotive manufacturers, pairing the fastest and longest-ranged single-pilot certified jet with the gold standard in production sports cars, the Porsche 911 Turbo S. Embraer and Porsche, both known for world-class engineering, performance, and design, worked in tandem to create a seamless experience from ground to air using matching design elements that are only available in this pairing. Only ten of this limited-edition pairing will ever be produced.

As the world’s fastest and longest-ranged single-pilot business jet, the Phenom 300 series transformed the light jet category. With its unparalleled technology, comfort, and performance, the Phenom 300E sets the highest standard of excellence through best-in-class cabin altitude, high mission flexibility, low operating costs and the best residual value in the industry. The 911 is the heart of the Porsche product portfolio and has one of the longest and most celebrated traditions in the automotive industry. The 911 Turbo S represents the pinnacle of the 911 models and delivers exceptional performance combined with a high degree of everyday usability.

Duet brings the Phenom 300E and the 911 Turbo S into perfect harmony as design inspiration for the aircraft mirrors that of the car, and vice versa. Starting with seats, the sew style on the Phenom 300E seats were patterned after that of the 911 Turbo S. Both vehicles’ seats also feature red pull straps, a Speed Blue accent stitch, and carbon fiber shrouds. The flight deck seats were also redesigned to match the seats of the car. On the exterior, both aircraft and car share a matching paint pallet and scheme, complete with a custom two-tone paint finish and hand-painted pinstripes in Brilliant Chrome and Speed Blue, creating a fluid aesthetic throughout both performance machines.

Embraer Signs Heavy Maintenance Services Agreement with CommutAir

April 28, 2021 / WIL BALDWIN

Orlando, FL, April 28, 2021 – Today at MRO Americas, a leading aeronautical maintenance event, Embraer announced that CommutAir, a United Express carrier, has selected Embraer Aircraft Maintenance Services (EAMS) in Macon, Georgia, as one of its primary heavy maintenance providers for the airline’s fleet of ERJ 145 aircraft. The multi-year agreement includes airframe maintenance, modifications and repair services provided by Embraer’s portfolio of solutions.

In July 2020, CommutAir became the sole regional partner to operate the ERJ 145 for United Airlines. CommutAir maintains the largest ERJ 145 fleet in the world with 168 aircraft.

CommutAir is a regional airline operating flights on behalf of United Airlines as United Express. With our fleet of Embraer 145 aircraft, we operate roughly 200 daily flights, connecting people and communities to the world via United’s global network. Headquartered in Cleveland, we have hubs in Denver, Houston, Washington Dulles, and Newark, with a maintenance base in Albany, New York. We are looking for individuals to join our 1,300 diverse professionals who work together to deliver safe, caring, dependable, and efficient service.

Spirit Airlines Announces Offering of Convertible Senior Notes Due 2026

April 27, 2021 / WIL BALDWIN

MIRAMAR, Fla., April 27, 2021 /PRNewswire/ — Spirit Airlines, Inc. (NYSE: SAVE) (“Spirit”) today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the “Convertible Notes” and such offering, the “Convertible Notes Offering”). Spirit intends to grant the underwriters of the Convertible Notes Offering a 30-day option to purchase up to $60,000,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.

Spirit is also separately conducting a registered direct offering of shares of its common stock (the “Common Stock Offering”) to certain holders of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”).

Spirit expects to use a portion of the net proceeds from the Convertible Notes Offering to repurchase a portion of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”) for cash pursuant to privately negotiated agreements with a limited number of current holders of such 2025 Convertible Notes, which agreements are conditioned upon the consummation of the Convertible Notes Offering. Spirit expects to use any remaining net proceeds from the Convertible Notes Offering for general corporate purposes. Spirit expects to use the net proceeds from the Common Stock Offering to redeem up to 40% of the original outstanding principal amount, or up to $340 million, of its 8.00% Senior Secured Notes due 2025 at a redemption price equal to 108.0%, plus accrued and unpaid interest on the principal amount being redeemed up to, but excluding, the redemption date.

The closing of neither the Common Stock Offering nor the Convertible Notes Offering is conditioned upon the closing of the other offering.

Click the link below to view the full press release!

https://ir.spirit.com/news-releases/news-details/2021/Spirit-Airlines-Announces-Offering-of-Convertible-Senior-Notes-Due-2026/default.aspx

Dubai Aerospace Enterprise Orders 15 Boeing 737 MAX Jets

April 20, 2021 / WIL BALDWIN

SEATTLE, April 20, 2021 /PRNewswire/ — Boeing [NYSE: BA] and Dubai Aerospace Enterprise (DAE) today announced the aircraft lessor is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. The new order is DAE’s first direct 737 MAX purchase from Boeing as it modernizes its portfolio for better economic and environmental performance.

The order will appear on Boeing’s Orders and Deliveries website once finalized.

Firoz Tarapore, Chief Executive Officer of DAE, said: “We are delighted to deepen our already strong relationship with Boeing. Including this order, we own and manage 162 Boeing aircraft. An increasing number of global aviation regulators are returning the MAX to the skies. We are confident in the success of these aircraft as domestic and regional air travel are seeing strong signs of recovery.”

The new purchase is DAE’s second investment in the 737 MAX in the past year. In the third quarter of 2020, the lessor signed an agreement with American Airlines to purchase and lease back 18 new 737-8 airplanes. Since the agreement, the lessor has delivered 17 of the jets to the U.S. carrier. DAE previously completed a similar purchase-leaseback deal with Brazilian carrier GOL for five 737-8s.

“DAE has been instrumental in helping its customers realize the operating economics and environmental performance of the 737-8. We are delighted that they have come back to add more 737 aircraft to its growth plan as it positions itself for the recovery in commercial passenger traffic,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing. “We are honored by DAE’s trust in the 737 family and we look forward to partnering with them to serve the fleet requirements of airlines around the world.”

The 737-8 is a member of the 737 MAX family which is designed to offer more fuel efficiency, reliability and flexibility in the single-aisle market. The airplane can fly 3,550 nautical miles – about 600 miles farther than its predecessor – allowing airlines to offer new and more direct routes for passengers. Compared to the airplanes it replaces, the 737-8 also delivers superior efficiency, using 16% less fuel and significantly reducing CO₂ emissions and operating costs.

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, leveraging 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.

Dubai Aerospace Enterprise (DAE) Ltd. is a global aviation services company headquartered in Dubai. DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle. DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 15 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally. More information can be found on the company’s web site at www.dubaiaerospace.com.

Investment Firm 777 Partners Order 24 Boeing 737 MAX Airplanes

March 16, 2021 / WIL BALDWIN

Boeing [NYSE: BA] and private investment firm 777 Partners announced today an agreement to add 24 737-8s to the firm’s diverse aviation portfolio, with purchase rights for an additional 60 airplanes. The Miami-based company will place the single-aisle airplanes with its growing portfolio of low-cost carrier investments around the world.

In addition to aircraft leasing, 777 Partners strategically invests in a host of aviation businesses, from operating carriers to technology-driven solutions. The firm’s travel sector strategy is largely focused on innovative solutions for interlining, passenger connectivity, and creating new commerce channels for its airline investments and customers.

The 737-8 can fly 3,550 nautical miles, about 600 miles farther than its predecessor. This additional capability allows airlines to offer new and more direct routes for passengers. The 737-8 reduces fuel use and CO₂ emissions by 16% compared to the airplanes it replaces, and that superior fuel efficiency means lower operating costs and a smaller environmental footprint. Every airplane features the new Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

777 Partners is a Miami-based private alternative investment firm that invests across a number of high growth attractive verticals. Founded in 2015, 777 Partners initially applied its expertise in underwriting and financing of esoteric assets to diversify across a broad spectrum of financial services businesses, asset originators and financial technology/service providers. In recent years, the firm has broadened its mandate and now invests across six different industries: insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment, and aviation.

Frontier Airlines Begins Three New Nonstop Routes From Miami International Airport

March 8, 2021 / WIL BALDWIN

MIAMI – March 8, 2021 – Low-fare carrier Frontier Airlines this week takes off with three new, nonstop routes from Miami International Airport (MIA) to Cancun, Mexico; St. Thomas, U.S. Virgin Islands and Punta Cana, Dominican Republic. In addition, next month, the airline will launch its maiden service to Central America from Miami with nonstop flights to Guatemala City and San Salvador.

Frontier now offers 28 nonstop destinations from Miami, including six international routes. The new flights to the Caribbean, Central America and Mexico represent Frontier’s commitment to expanding travel opportunities to exciting destinations while maintaining its ‘Low Fares Done Right’ approach.

“We’re pleased to expand in Miami with new flights to Cancun, Punta Cana and St. Thomas,” said Daniel Shurz, senior vice president of commercial, Frontier Airlines. “Frontier has grown rapidly at Miami International in recent years and we look forward to launching our first flights to Central America next month with nonstop service to Guatemala City and San Salvador. We’re bringing our ultra-low-fares and customizable travel options model to these new flights to offer our customers unprecedented affordability and value to these highly sought destinations.”

Amtrak Announces Skip I-95 with Ultra Low Auto Train Fares to Florida

March 2, 2021 / WIL BALDWIN

WASHINGTON – Amtrak is launching a limited-time fare sale for travelers to skip I-95 and travel nonstop from the Northeast to Florida onboard the Amtrak Auto Train. Tickets are available for purchase between March 2 – March 12 for travel to Sanford, Fla., in Coach for as low as $9 or in a private room for as low as $109 each way, plus the cost of your vehicle.

Customers traveling in Coach will enjoy wide, reclining seats with ample legroom, no middle seat and a big picture window to enjoy the view. Prior to arrival, a complimentary continental breakfast is served.

A Roomette features comfortable seating, newly-upgraded bedding, pillows, towels and linens, and a dedicated attendant. An upgrade to a Bedroom offers a trip with twice the space as a Roomette as well as other added amenities. Customers in private rooms can enjoy a complimentary dinner and continental breakfast onboard.

These limited-time one-way fares are as low as:

Limited Time Fares*	One traveler	Two travelers^
Coach	$9	$18
Roomette	$109	$159
Bedroom	$249	$299
*Plus the cost of your vehicle ^Double occupancy required for Roomettes and Bedrooms.

The offer is valid for sale March 2 – March 12, 2021 for southbound travel from Lorton, Va., to Sanford, Fla. Travel dates are March 15 – June 30, 2021.Blackout dates are April 2 and April 5, 2021. This offer is available on Amtrak.com and the Amtrak app. Other terms and conditions apply. To learn more, visit:

Amtrak.com/AutoTrainSale

The Amtrak Auto Train offers daily, non-stop service between Lorton, Va. (near Washington, D.C.), and Sanford, Fla. (near Orlando). Customers can skip I-95 and travel with their vehicles, including cars, vans, SUVs, motorcycles and even small boats or jet-skis. This is the only such service in the U.S. and eliminates nearly 900 miles of driving between the Northeast and all points in Florida.

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