National Jet Express (NJE), a Rex Group company, has today firmed up its bold ambition to expand its footprint in the Queensland charter and mining market. NJE today took passengers to the skies for the first time in Queensland, with flight NC344 departing Brisbane at 0700 local time for Moranbah. This comes after NJE was successful in winning a contract to provide air services for BHP Mitsubishi Alliance (BMA).
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Toulouse, France February 9, 2022 – K5-Aviation has taken delivery of its first ACJ330-300 Airbus (OTC: EADSY) aircraft. K5-Aviation is the largest ACJ (Airbus Corporate Jets) operator in Europe with four ACJ319’s and one ACJ350-900 in its fleet.
Designed for highly-demanding VIP and private markets, the ACJ330-300 delivers top-end luxury, comfort and true nonstop range to the world. The ACJ330-300 aircraft will feature a 243m² VIP cabin, installed by Fokker Techniek, the outfitter selected by K5-Aviation. Onboard guests can experience ultimate comfort over 8,650 nm/16,000 km or up to 18.5 hours, enough to fly nonstop from Europe to Australia.
At the end of December 2021, Airbus’ A330 Family had won over 1,800 orders, making it the world’s most successful widebody aircraft. More than 210 Airbus corporate jets are in service worldwide, flying on every continent, including Antarctica, and more than 1,800 private and business aviation Airbus helicopters are in service worldwide.
Allegiant Air Orders Up to 100 737 MAX Jets
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.
Boeing [NYSE: BA] and 777 Partners have announced the Miami-based investment firm will nearly double its 737 MAX order book with the purchase of 30 additional jets. The new order expands 777 Partners’ commercial aircraft portfolio to a total of 68 737 MAX’s, in its fourth order this year for the fuel-efficient, single-aisle jets. Valued at $3.7 billion at list prices, the order will enable 777 Partners to expand 737 MAX operations across the fleet of its affiliated global low-cost carriers.
The 737 MAX family reduces fuel use and carbon emissions by at least 14% compared to the airplanes it replaces, reducing operating costs as well as the environmental footprint for 777 Partners’ affiliated airlines. Every 737 MAX features a passenger-pleasing Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.
777 Partners is a Miami-based private alternative investment firm that invests across a number of high growth attractive verticals. Founded in 2015, 777 Partners initially applied its expertise in underwriting and financing of esoteric assets to diversify across a broad spectrum of financial services businesses, asset originators, and financial technology/service providers. In recent years, the firm has broadened its mandate and now invests across six different industries: insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment, and aviation.
São Paulo, Brazil, November 5, 2021 – Embraer (NYSE: ERJ) announced the company’s operating and financial information on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended September 30, 2021 (3Q21), June 30, 2021 (2Q21) and September 30, 2020 (3Q20), are derived from the unaudited financial statements, except annual financial data and where otherwise stated.
HIGHLIGHTS
• Embraer delivered 9 commercial jets and 21 executive jets (14 light / 7 large) in 3Q21, bringing the year-to-date deliveries to 32 commercial jets and 54 executive jets (36 light /18 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 3Q21 was US$ 16.8 billion;
• Revenues in 3Q21 reached US$ 958.1 million, representing year-over-year growth of 26.3% compared to 3Q20, with double digit growth in all segments;
• Excluding special items, adjusted EBIT and EBITDA were US$ 35.7 million and US$ 79.2 million, respectively, yielding adjusted EBIT margin of 3.7% and adjusted EBITDA margin of 8.3%. In the first nine months of 2021, adjusted EBIT margin was 3.8% and adjusted EBITDA margin was 8.9%;
• Adjusted net loss (excluding special items and deferred income tax and social contribution) in 3Q21 was US$ (33.9) million, with adjusted loss per ADS of US$ (0.18);
• Embraer generated free cash flow in 3Q21 of US$ 21.3 million, and in the first nine months of 2021 free cash usage was US$ (160.2) million. The positive free cash flow in 3Q21 represented the first time in more than 10 years the Company generated cash in the usually seasonally weak third quarter. The free cash flow in both periods represented a significant improvement compared to the prior year periods on better profitability and working capital efficiencies, particularly with respect to inventory management;
• The Company finished the quarter with total cash of US$ 2.5 billion and net debt of US$ 1.8 billion;
• Given better-than-expected free cash flow performance over the first nine months of 2021, Embraer is updating its guidance for free cash flow without M&A or divestitures to a range of US$ 100 million or better, from the prior range of US$ (150) million to breakeven. The Company reiterates its other financial and deliveries guidance for 2021 of commercial jet deliveries of 45-50 aircraft, executive jet deliveries of 90-95 aircraft, consolidated revenues in a range of US$ 4.0 to $4.5 billion, adjusted EBIT margin of 3.0% to 4.0%, and adjusted EBITDA margin of 8.5% to 9.5%.
SEATTLE, Washington, September 1, 2021 — Boeing [NYSE: BA] and Griffin Global Asset Management today announced the aircraft lessor is expanding its commercial aircraft portfolio with five new 737-8 jets. The purchase is Griffin’s first direct order with Boeing as it sees strategic opportunities to place the airplanes during the market recovery.
Designed and built in Renton, Washington, the 737 MAX family delivers superior efficiency, flexibility and reliability while reducing fuel use and carbon emissions by at least 14% compared to the airplanes they replace. The 737-8 seats up to 189 passengers and can fly 3,550 nautical miles – about 600 miles farther than its predecessor – allowing airlines to offer new and more direct routes for passengers. Every 737 MAX 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.
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.
JOHNSTOWN, Pennsylvania, Sept. 2, 2021 — Lockheed Martin (NYSE: LMT) announced today it would bring new F-16 manufacturing work to its facility in Johnstown, Pennsylvania. The work will generate 80 new jobs in the city and the company plans to lease a new building to accommodate it.
Wayne Davis, director at Lockheed Martin’s Johnstown site, says Lockheed Martin continues to see demand for new F-16s around the world, requiring development of additional parts manufacturing sites to ensure it can keep up with demand.
F-16 parts to be produced in Johnstown include the aft engine access covers, engine access doors, F-1 fuel tank, and inlet. Upon completion in Johnstown, the parts will be shipped to Greenville, South Carolina, for final assembly and integration into the F-16s on the production line. This is in addition to F-16 component and sub-assembly work already performed at the site today.
Early work in Johnstown will kick off this year, with the bulk of hiring and other significant efforts beginning in 2022. In addition to the F-16 work, the Johnstown facility also provides parts and services for the F-35 and F-22 fighter jets, and the C-130 military transport aircraft.
In addition to the nearly 400 jobs already in place at the site today, Lockheed Martin maintains a strong presence in the Johnstown community, giving more than $42,000 to local organizations and efforts last year.
Boeing Unveils F-15 Qatar Advanced Jets
ST. LOUIS, Aug. 25, 2021 – Boeing [NYSE: BA], in collaboration with the U.S. Air Force and Qatar Emiri Air Force (QEAF), celebrated the naming and rollout of Qatar’s advanced F-15, the F-15QA.
The first set of F-15QA jets will ferry to Qatar later this year following the completion of pre-delivery pilot training.
Boeing has been providing maintenance and logistics support for the QEAF during pre-delivery pilot training, which began earlier this year. In addition, Boeing will establish and operate an aircrew and maintenance training center for the QEAF at Al Udeid Air Base in Qatar through 2024 while also providing in-country spares and logistics support once aircraft are delivered.
Herndon, VA, August 24, 2021 – Delta Air Lines has ordered 30 additional Airbus A321neo aircraft to help meet the airline’s future fleet requirements. The newly-ordered aircraft are in addition to the airline’s existing orders for 125 of the type, bringing the outstanding orders from Delta to a total of 155 A321neos.
Delta’s A321neos will be powered by next-generation Pratt & Whitney PW1100G turbofan engines that bring significant efficiency gains over Delta’s current, already-efficient A321 aircraft. Equipped with total seating for 194 customers with 20 in First Class, 42 in Delta Comfort+ and 132 in the Main Cabin, Delta’s A321neos will be deployed primarily across the airline’s extensive domestic network, complementing Delta’s current A321 fleet of more than 120 aircraft. The airline is slated to receive the first of its 155 A321neo aircraft early next year.
Many of Delta’s A321neos will be delivered from the Airbus U.S. Manufacturing Facility in Mobile, Alabama. The airline has taken delivery of 87 U.S.-manufactured Airbus aircraft since 2016.
As of the end of July, Delta’s fleet of Airbus aircraft numbered 358, including 50 A220 aircraft, 240 A320 Family members, 53 A330 widebodies, and 15 A350 XWB aircraft.
Embraer has agreed the sale of 16 new E175 jets to SkyWest, Inc. (NASDAQ: SKYW) for operation in the Delta Air Lines (NYSE: DAL) network, adding to the 71 E175 jets SkyWest already operates for Delta. The E175 aircraft will fly exclusively with Delta under a Capacity Purchase Agreement (CPA). The value of the contract, which will be included in Embraer’s third quarter backlog, is USD 798.4 million, based on list price.
The 76-seat aircraft will be delivered in Delta’s livery and will have a three-class configuration. Deliveries start in mid-2022.