Tag: Japanese (Page 3 of 3)

First Hitachi-built Paragon Train Arrives in Hull, England

November 27, 2019 / WIL BALDWIN

Hull Trains has invested £60 million into five state-of-the-art, bi-mode intercity trains – known as Class 802s– which will transform rail travel from Hull to London.

The fleet – which is built using Japanese bullet train technology – offers a sleek modern design, faster acceleration and longer carriages, offering more space and seats.

Once fully operational, people will benefit from 5,500 extra seats a week, greater reliability and a quieter and smoother ride. The fleet of new high-speed trains are being rolled into passenger service at intervals, with the full Paragon fleet expected to be in passenger service by early 2020.

Louise Cheeseman, managing director, said she was confident the Paragon fleet would revolutionise train travel between Hull and London.

“We have made a significant investment in these hi-tech trains which will completely overhaul the current service as our customers know it,” she explained.

“Not only will these trains give a smoother ride, they will be a lot more reliable than our existing trains, they will include complimentary Wi-Fi, plug and USB sockets throughout, a brand new at-seat trolley service and an even greater choice and improved quality of hot and cold food. We are increasing capacity on our trains by 22% which means more people are able to travel too.”

Hull Trains currently operates 92 services between Hull and London every week. The new trains can switch seamlessly between electric and diesel power. The trains can accelerate more quickly and they offer greater reliability across the rail infrastructure.

More than two thirds of the journey between Hull and the capital will be operated using electric power, which is much better than the environment. Even under diesel power the modern engines reduce harmful emissions (PM10 and NOx) by up to 90% compared to the existing trains.

Andy Barr, Group CEO, Hitachi Rail said: “These new trains designed using advanced bullet train technology have proven extremely popular, becoming the intercity train of choice on Britain’s rail network. The trains’ many benefits include no more diesel emissions when running on electric power, fast and free Wi-Fi, and greater comfort for passengers. With over 25,000 smart sensors on board each train allowing real-time monitoring, our maintenance team can ensure a reliable and efficient service for people travelling to and from Hull and beyond.”

Steve Montgomery, First Rail managing director, said: “This investment in five brand new trains demonstrates FirstGroup’s commitment to Hull and our Hull Trains service. We’re proud to have supported the local community and East Yorkshire’s economy by investing in Hull Trains and growing the service over the years.”

Kevin Tribley, CEO at Angel Trains, said: “By investing in and developing new trains that reduce the environmental impact of rail travel we are even closer to creating a rail system that modern Britain deserves. We are incredibly proud of our team and would like to thank those at Hitachi and Hull Trains for their hard work in making this vision a reality.”

Louise added: “The arrival of these long-awaited trains marks a new era for Hull Trains. We are now on an exciting trajectory to build and grow this business into one our city can be really proud of. It’s our mission to be the first choice when people are travelling to London, I want people to trust in the service we offer and the fantastic customer service our customers know and expect.

“I want to thank our loyal customers and committed staff who continue to support Hull Trains, I am genuinely excited about the future of Hull Trains, our new trains and new beginning.”

Book direct with Hull Trains for best fares online: www.hulltrains.co.uk

Steve Montgomery, MD First Rail, Louise Cheeseman, MD Hull Trains, Richard Vernon, Fleet Project Engineer Hull Trains, Jim Brewin, Project Director Hitachi Rail, Susan Holliday, Angel Trains

Mitsubishi Heavy Industries has Skills to Build Airbus Wings

November 20, 2019 / WIL BALDWIN

NEW YORK (Reuters) – Mitsubishi Heavy Industries Ltd <MHVYF> is confident that it has the technical and production know-how to build high-tech wings for Airbus SE <EADSY> jetliners, the chief executive of the Japanese conglomerate said on Wednesday.

MHI developed sophisticated production processes at its facility in Nagoya in the process of building wings for the Boeing Co <BA> 787 Dreamliner, Chief Executive Seiji Izumisawa said in an interview.

“We have accumulated expertise in producing aerostructures as a tier 1 supplier, so if the opportunity does present itself we will certainly be willing to consider it,” he said.

It is not yet clear whether Airbus plans to outsource wings on future jets, such as its next-generation single-aisle aircraft, which could come out in about a decade.

Such future work would be important to MHI in part because of Boeing’s decision to bring wing production back in-house on its latest jet, the 777X.

“We do have the capability to produce some pretty complicated components,” said Izumisawa, who said he was involved in developing the 787 wings.

(Reporting by Alwyn Scott; Editing by Sonya Hepinstall)

FILE PHOTO: The logo of Mitsubishi Heavy Industries is seen at the company’s Sagamihara plant in Sagamihara, Japan

Fiat Chrysler, Peugeot Owner PSA Once Again in Talks to Combine

October 29, 2019 / WIL BALDWIN

(Reuters) – Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion (£38.88 billion) automaker, a source familiar with the matter said on Tuesday.

Fiat Chrysler shares rose sharply after news of the talks and ended up more than 7.5% in U.S. trading. The companies and the French government had no comment.

The Wall Street Journal first reported the discussions. PSA’s supervisory board was due to meet on Wednesday to discuss the potential merger, another source close to the matter said.

If a combination of Peugeot and Fiat Chrysler succeeded in overcoming political, financial and governance hurdles, the new enterprise would still face substantial challenges. Global automakers face the prospect of a slowdown in global demand coinciding with the most dramatic technology changes in a century.

Peugeot Chief Executive Carlos Tavares has predicted “ten years of chaos” for global automakers as regulators demand a switch to electric vehicles to reduce emissions linked to climate change.

Investors have speculated for several years that Fiat Chrysler was hunting for a merger partner, encouraged by the rhetoric of the company’s late chief executive, Sergio Marchionne.

In 2015, Marchionne outlined the case for consolidation of the auto industry and tried unsuccessfully to interest General Motors Co in a deal. Fiat Chrysler earlier this year broached a merger with French automaker Renault SA that ultimately collapsed.

Created when Fiat, under Marchionne’s leadership, bought control of Chrysler out of a U.S. government-backed bankruptcy in 2009, Fiat Chrysler has one of the global auto industry’s most profitable franchises in the Jeep sport utility vehicle brand and a money-spinning North American pickup and commercial van operation in Ram. Both would boost Peugeot, which does not sell vehicles in the U.S. market.

Peugeot and Fiat Chrysler could over time share engines and vehicle architectures, reducing capital spending and freeing up cash to invest in electric vehicles and emissions reduction technology required in Europe, China and other global markets.

Fiat Chrysler is under increasing pressure to invest in clean car technology. The company disclosed earlier this month that it faces a $79 million fine for falling short of U.S. fuel efficiency standards. Fiat Chrysler agreed to pay U.S. electric car maker Tesla Inc for credits to help it comply with European emissions standards until 2022.

Evercore analyst Arndt Ellinghorst in a note on Tuesday said a combination of Fiat Chrysler and Peugeot “should ignite more rational industry behavior around allocation of capital and this particular merger makes materially more sense than a potential FCA-Renault merger.”

Peugeot and Fiat Chrysler had discussed a combination earlier this year, before Fiat Chrysler proposed a $35 billion merger with Renault. At that time, Fiat Chrysler said a deal with Renault offered more advantages than a combination with Peugeot.

Fiat Chrysler Chairman John Elkann broke off talks with Renault in June after French government officials intervened and pushed for Renault first to resolve tensions with its Japanese alliance partner, Nissan Motor Co.

Following the collapse of the Renault merger plan, Fiat Chrysler CEO Mike Manley left the door open for talks with would-be partners. But he said the Italian-American automaker could go it alone despite mounting costs to develop electric vehicles and comply with tougher emissions rules in Europe, the United States and China.

Along with Jeep and Ram would come Fiat’s Italian operations, which have struggled in recent years. Fiat’s Mirafiori assembly complex in its home city of Turin has run below 50% capacity, with thousands of workers on temporary layoffs.

Overall, Fiat has 58,000 workers in Italy, where the government has long resisted mass lay-offs by large employers.

Peugeot’s Tavares dismissed the idea of a combination with Fiat Chrysler during a discussion with reporters at the Frankfurt auto show last month. “We don’t need it,” he said when asked whether he was still interested in a deal with Fiat Chrysler.

Tavares has moved aggressively to expand Peugeot, acquiring German auto brand Opel from General Motors Co for $2.6 billion in 2017. Since then, he has overseen a turnaround at Opel.

Fiat Chrysler already has a commercial vehicle partnership with Peugeot.

(Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Maju Samuel, Richard Chang and Dan Grebler)

Air Lease Places 4 New Airbus A320 Family Aircraft with Peach

June 18, 2019 / WIL BALDWIN

PARIS, France, June 18, 2019 – Air Lease Corporation (NYSE: AL; “ALC”) announced today long-term lease placements for two new Airbus A320neo and two new Airbus A321neo LR aircraft with Peach Aviation Limited (Japan). The four new Airbus aircraft are scheduled to deliver to Peach starting in 2020 through 2022 from ALC’s order book with Airbus.

“ALC is thrilled to confirm this significant lease placement with Peach for four new Airbus aircraft and contribute to the airline’s growing all-Airbus A320 fleet,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “The A320neo and A321neo LR offer Peach the most technologically advanced, fuel-efficient aircraft that will bring a new level of passenger comfort and convenience to the Japanese market.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

About Air Lease Corporation (NYSE: AL)

ALC is a leading aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. For more information, visit ALC’s website at www.airleasecorp.com.

About Peach

Peach Aviation began services based out of Kansai Airport in March 2012. Currently, in addition to Kansai Airport, Peach has hubs at New Chitose Airport, Sendai Airport, and Naha Airport with 25 aircraft that service 17 domestic routes and 16 international routes. It operates approximately 100 flights per day and is used by over 13,000 passengers daily. Peach will complete its integration with Narita-based airline Vanilla Air by the end of the 2019 fiscal year, aiming to become Asia’s leading LCC.

Airbus Announces Flight Services Contract with Japan Airlines

February 25, 2019 / WIL BALDWIN

Tokyo, 18 February 2019 – Airbus confirms the growing success of its Flight Hour Services (FHS) business in Japan with a new contract from soon-to-be A350 XWB operator Japan Airlines (JAL).

Airbus is welcoming JAL into its FHS Components Services programme for its new fleet of 31 A350-900 and A350-1000 aircraft.

JAL will become the first Airbus FHS A350 operator in Japan to benefit from the increased operational reliability provided by Airbus FHS, world leader for this service in the A350 market. The Japanese carrier plans to introduce the highly anticipated A350-900 on its Haneda – Fukuoka route from September. This FHS contract will make JAL’s A350 entry-into-service even smoother on one of Japan’s busiest routes.

Airbus FHS will provide fully integrated component services including spare pool access, on-site-stock replenishment at the main base and components repair.

Through FHS, Airbus offers airlines its extensive and proven expertise in fully integrated maintenance services, and the advantage of its OEM expertise as well as one single interface to manage their whole fleets and associated component support operations.

About Airbus
Airbus is a global leader in aeronautics, space and related services. In 2017 it generated revenues of € 59 billion restated for IFRS 15 and employed a workforce of around 129,000. Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Story and image from http://www.airbus.com

Boeing Reportedly Near $3.5 Billion 737 MAX Deal with ANA

January 28, 2019 / WIL BALDWIN

SEATTLE (Reuters) – Boeing Co is close to a deal worth $3.5 billion (2.66 billion pounds) at list prices to sell 30 Boeing 737 MAX jetliners to ANA Holdings, two people familiar with the matter said.

The deal is the first sale in Japan for the newest version of Boeing’s best-selling 737 family and marks a reversal for Europe’s Airbus, five years after the same airline became the first Japanese carrier to pick the competing A320neo.

It also coincides with negotiations between Washington and Tokyo over a potential trade pact, with Japan facing pressure from U.S. President Donald Trump’s administration to cut its trade surplus with the United States.

Boeing declined to comment. ANA could not immediately be reached for comment. A deal announcement could come as early as Tuesday, subject to the airline’s final approval, the sources said, speaking on condition of anonymity.

The Boeing 737 MAX and Airbus A320neo have amassed thousands of orders due to significant fuel savings offered by a new generation of engines.

But the world’s largest plane makers continue to wage fierce market battles, while Boeing has been chipping away at Airbus’s recent lead in the market for such medium-haul airplanes.

Trump and other top U.S. administration officials have criticized Japan over trade, asserting that Tokyo treats the United States unfairly by shipping millions of cars to North America while blocking imports of U.S. autos and farm products.

Japan says its markets for manufactured goods are open, although it does protect politically sensitive farm products.

In September, Trump and Japanese Prime Minister Shinzo Abe agreed to start trade talks in an arrangement that appeared, temporarily at least, to protect Japanese automakers from further tariffs on their exports, which make up about two-thirds of Japan’s $69 billion trade surplus with the United States.

Japan has insisted the new Trade Agreement on Goods would not be a wide-ranging free trade agreement, but U.S. Trade Representative Robert Lighthizer said last year he was aiming for a full free-trade deal requiring approval by Congress.

(Reporting by Eric M. Johnson in Seattle and by Reuters bureaus; Editing by GV De Clercq and David Evans)