Volvo Cars (OTC: VLVLY) today reports a 39 per cent increase in operating profits, excluding joint ventures and associates, to SEK 6.4 bn and a corresponding EBIT margin of 6.3 per cent for the second quarter of 2023. The result came despite a SEK 0.9 bn, non-recurring item related to the redundancy programme announced in May, part of securing a more efficient and sustainable cost base for the future. Without this item, the underlying EBIT margin, excluding joint ventures and associates, was 7.2 per cent in the second quarter. This illustrates that the solid underlying performance momentum from the first three months of the year continued during this past quarter.
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In the future, the Lufthansa (OTC: DLAKY) Miles & More Credit Card will be issued by Deutsche Bank. Mastercard remains partner for the cards. In a global tender, both companies prevailed in the bidding process. The switch will take place in mid-2025.
The common goal is to redefine loyalty. Customers will benefit from even more personalized offers and digital applications. In addition, existing card services will be expanded, such as additional insurance services and offers that support sustainable consumer decisions.
The switch to Deutsche Bank as the issuing institution will take place in summer 2025. Those who already have a Lufthansa Miles & More Credit Card do not need to take any action. All existing cards will remain valid until the changeover. Cardholders will be informed in good time about the transition date. The existing services will also remain the same with Deutsche Bank as the new partner. These include, for example, earning award miles on credit card sales, unlimited validity of award miles and the premium insurance package.
Miles & More credit cards were introduced in Germany in February 1999 and are now used in 20 other countries. Users can use their card for purchases at more than 100 million Mastercard acceptance points worldwide and even redeem their miles with MilesPay.
Saturday 8 July 2023: More than 3,000 Virgin Australia team members and their families will today celebrate the arrival of the airline’s first fuel-efficient Boeing 737-8 aircraft which touched down on Australian soil last week.
The celebrations, part of a Virgin Australia Family Day at the airline’s Brisbane Hangar, will be hosted by CEO, Jayne Hrdlicka and Boeing’s President of Australia, New Zealand and South Pacific, Maria Fernandez, who will welcome team members from across the Virgin Australia business, many who have flown in from interstate to have a first look at the new aircraft.
Fresh from the Boeing factory in Seattle and featuring that new plane smell, the Boeing 737-8 aircraft marks an exciting new milestone in the transformation of Virgin Australia with its fleet renewal program well underway as the airline continues to work towards its net zero emissions target by 2050. The aircraft is one of 33 fuel-efficient Boeing 737-8 and 737-10 aircraft Virgin Australia has on order, with more fuel-efficient aircraft set to be delivered in the coming months.
With the arrival of the Boeing 737-8, Virgin Australia has also revealed its highly anticipated new Business Class and Economy cabin interior as well as confirming plans to refresh the interior cabins on the airline’s remaining Boeing fleet, as part of an investment of approximately $110 million to improve the flying experience for customers.
Highlight features of the new Boeing 737-8 cabin interior include:
In-seat power for all Business Class and Economy seats.
Larger overhead lockers, with capacity to stow up to 50 per cent more carry-on baggage (individual guest carry-on luggage limits will not increase).
Wider Business Class seats which also feature leg rests with extendable footrests, storage compartments, tablet/device holders and water bottle holders.
A new Economy seat design, featuring a ribbed backing to elevate comfort and ergonomics.
A personal tablet/device holder for all Economy seats, making it easy to view Virgin Australia in-flight entertainment, movies and TV shows.
Click the link below to see the entire press release!
DHL (OTC: DHLGY) Express, the world’s leading provider of express shipping services, has announced the grand opening of its Americas region hub based at the Hartsfield-Jackson Atlanta International Airport (ATL). With a focus on sustainability, the $84.5 million investment further strengthens the company’s connections and service capabilities between the U.S. and key global markets, increasing capacity, speeding transit times, and adding resilience to its network.
Spanning 100,000 square feet, the state-of-the-art hub establishes direct connections between 19 cities in the Southeastern U.S. and key global markets, including Europe and major DHL hubs worldwide. Future plans involve adding flight connections to Hong Kong, Mexico, the UK, and Puerto Rico.
The DHL Atlanta Hub also sets new standards for sustainability, generating up to 50% of its on-site energy consumption through 65,000 sq. ft of rooftop solar panels, preventing the release of 380 metric tons of CO2 emissions annually. The remaining energy consumed on-site is sourced from renewable sources through Renewable Energy Certificates (RECs), guaranteeing zero emissions from electricity consumption. Moreover, the hub employs environmentally conscious features such as LED lights, electric forklifts, dock seals, and rapid rise doors, further minimizing its environmental impact.
The Atlanta hub operates as a fully automated facility, equipped with cutting-edge technology capable of sorting up to 20,000 pieces per hour. To ensure swift clearance of DHL customer shipments, the hub employs in-house Customs brokers and collaborates with on-site U.S. Customs and Border Protection personnel. Additionally, DHL implements advanced threat detection and security screening technologies, effectively preventing the entry of illegal and hazardous commodities into its network.
The Lufthansa Boeing 787-9 with the registration D-ABPA and the future name “Berlin” will be delivered to Lufthansa following certification by the FAA (Federal Aviation Administration) this summer.
The ultra-modern long-haul “Dreamliner” aircraft will consume an average of around 2.5 liters of kerosene per passenger and 100 kilometers flown. That is around 25 percent less than their predecessor aircraft. The CO2 emissions are also improved accordingly.
The Boeing 787-9 “Berlin” will have an improved cabin product – including direct aisle access for all guests in Business Class. Following several weeks of planned cabin refurbishments at Lufthansa’s maintenance in Frankfurt, the aircraft will be deployed initially on domestic German routes for training purposes. The first intercontinental scheduled destination of the Lufthansa “Dreamliner” will be Toronto.
In total, the Lufthansa Group has ordered 32 Boeing “Dreamliner” with delivery between 2022 and 2027.
Delta is celebrating its latest investment in New York as it prepares to open its new Terminal C at LaGuardia Airport to customers on June 4, a massive milestone in the $4 billion program to transform and modernize one of the airline’s key hubs.
Delta accelerated construction timelines during the pandemic to deliver this facility to New York customers even faster than anticipated. The airline will fully complete the entire four-concourse terminal by the end of 2024, almost two years earlier than originally planned.
Ultimately, Terminals C and D will consolidate into one state-of-the-art facility, spanning 1.3 million square feet and featuring 37 gates across four concourses. Delta continues to double down on its vision for the future of travel, building airports of the future that are comfortable, easy to navigate and part of an effortlessly connected journey, capable of absorbing and supporting new innovative experiences as technology evolves. Recently, Delta also revealed the completion of the first major phase of its $2.3B Sky Way at Los Angeles International Airport.
In addition to a gleaming central headhouse and concourse, LGA will house the largest Delta Sky Club in the system, with architectural touches that evoke New York City from the turn of the 20th century, such as harlequin-patterned screens and rich warm metals. With seating for nearly 600 guests to relax and recharge over a sprawling 34,000 square feet (in its end state), the Club features a gourmet kitchen, premium bar, two food buffets and two hydration stations.
Seattle, Washington, January 5, 2022 /PRNewswire/ – Boeing [NYSE: BA] and Allegiant Air (NASDAQ: ALGT) today announced an order for 50 737 MAX jets, with options for 50 additional airplanes. In Boeing’s first U.S. ultra-low cost carrier (ULCC) deal, Allegiant selected two models – the 737-7 and 737-8-200 – in the 737 MAX family, which provide the lowest seat-mile costs for a single-aisle airplane and high-dispatch reliability.
With commonality and improved fuel efficiency, the 737 MAX family enables airlines to optimize their fleets across a broad range of missions. The 737-7 provides low-operating costs that enable carriers to open new routes with less economic risk, and the larger 737-8-200 offers added revenue potential and is right-sized for ULCC market expansion. Compared to Allegiant’s current fleet, the new 737 models will reduce fuel use and carbon emissions by 20%.
Boeing and Allegiant will partner on entry-into-service support, enabling a smooth transition as the carrier adds the 737 into its operation. Allegiant will also utilize a suite of Boeing Global Services digital tools to further enhance operational efficiency. Allegiant currently operates a fleet of 108 Airbus A319 and A320 airplanes.
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.
(Reuters) – Air New Zealand Ltd said on Tuesday it had outlined requirements to suppliers as part of plans to replace its fleet of De Havilland Canada Dash 8 Q300 turboprops with lower-emissions technology by around 2030.
“The ideal candidate aircraft will be a drop in replacement for the Q300 for seamless integration into the existing Air New Zealand turboprop network, which may include retrofit of the existing aircraft,” the airline said.
Glasgow, Scotland, November 10, 2021 – Embraer (NYSE: ERJ) incubator Eve Urban Air Mobility Solutions, Inc. (Eve), an Embraer company, and Wideroe Zero signed a Memorandum of Understanding (MoU). This partnership aims to develop Urban Air Mobility (UAM) solutions, with a focus on deployment of eVtol operations in Scandinavia.
The relationship between the two organizations began in 2017, when Wideroe signed an order for up to 15 E190-E2. The largest regional airline in Scandinavia is also the launch customer of the new generation E-Jets E2 family, starting the E190-E2 operations in April 2018 in Bergen, Norway.
Now, with the creation of the Air Mobility Business Incubator, Wideroe Zero, the companies will use Eve’s zero-emission and low noise footprint eVTOL vehicle to develop a new concept of operation where passengers will experience the future of electric transportation and a new model of sustainable mobility, connecting people living in a sparsely populated region and challenging geography.
As part of this collaboration, Wideroe Zero will contribute to a market readiness exercise and a vehicle concept of operation study in Scandinavia, furthering Eve’s development of the UAM market in the region.
Munich, Germany / Falls Church, Virginia, 8 November 2021 – Northrop Grumman Corporation (NYSE: NOC) and Airbus (OTC: EADSY) Defense and Space, together with seven industrial players, have established ASPAARO, the Atlantic Strategic Partnership for Advanced All-domain Resilient Operations. ASPAARO will bid to undertake the Risk Reduction and Feasibility Studies (RRFS) for the NATO Support and Procurement Agency as part of the Alliance Future Surveillance and Control (AFSC) program.
The feasibility studies are a key milestone in the AFSC programme which aims to support NATO and NATO nations as they consider the Alliance’s future tactical surveillance, command and control capabilities after the current Airborne Warning and Control System (AWACS) fleet reaches the end of its service life in 2035.
Following the delivery of a High-level Technical Concept in 2020 by three of the team members (Airbus, Lockheed Martin and MDA Ltd.), Airbus continues to support NATO in the concept stage of the AFSC programme together with Northrop Grumman and a strong transatlantic team including Lockheed Martin (US), BAE Systems (UK), KONGSBERG (Norway), MDA (Canada), GMV (Spain), Exence (Poland) and IBM (US).
ASPAARO offers an unparalleled set of skills and capabilities that will address the threats of today and tomorrow and will fulfil the Alliance’s requirements across all domains. The industry team will leverage its multi-domain concepts, advanced technologies and integrated designs to pave the way to a fully interoperable architecture between NATO nations while further driving innovation through combined access, investments and experience.
Northrop Grumman President of Aeronautics Systems Tom Jones emphasized ASPAARO’s focus on the NATO customer’s mission requirements. “ASPAARO brings together the best industrial capabilities across the NATO community to address increasingly vital surveillance and command and control needs. In a rapidly evolving threat environment NATO needs the strategic advantage that advanced surveillance and control provides; ASPAARO is committed to delivering those unmatched capabilities to the NATO AFSC programme.”
A decision on the contract award for the Risk Reduction and Feasibility Studies for NATO AFSC is expected in 2022.
