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Southwest Airlines Announces Winter Sale Fares as Low as $49 One-Way

Southwest Airlines (NYSE: LUV) launched a fare sale today through Dec. 10, 2020, 11:59 p.m., Central Time. Customers can coast their way to a winter getaway for continental U.S. travel Dec. 29, 2020, through April 11, 2021.

Fly to Chicago (Midway) or Chicago (O’Hare)—beginning Feb. 14, 2021—and grab some deep-dish pizza in the Windy City, or simply feel the warmth of the sun by heading to one of our warmer destinations in Florida or Hawaii. Take time this Valentine’s Day to enjoy our low fares, legendary Hospitality, and friendly policies and book now at Southwest.com.

Seats, days, and markets are limited. Blackout dates and 21-day advance purchase requirements apply. See a full list of fares, fare rules, and terms and conditions below and at Southwest.com. Examples of one-way low fares include:

– As low as $49 one-way nonstop between Baltimore/Washington and Pittsburgh

– As low as $79 one-way nonstop between Charleston and Fort Lauderdale

– As low as $89 one-way nonstop between Nashville and Chicago (O’Hare)

– As low as $99 one-way nonstop between Memphis and Chicago (Midway)

– As low as $99 one-way nonstop between Oakland/San Jose and Honolulu (Oahu)

– As low as $128 one-way nonstop between San Diego and Honolulu (Oahu)

COVID-19 Impacts KiwiRail’s Fiscal Year 2020 Result

The COVID-19 pandemic had a significant impact on KiwiRail’s bottom line for the past financial year, but rigorous operational changes and cost savings measures have helped stabilise the business, KiwiRail chairman Brian Corban says.

KiwiRail Holdings Limited, New Zealand’s national rail provider, which also operates the Interislander ferry service across Cook Strait, today reported an operating surplus of $40 million1in FY20 for the KiwiRail Group, down $15 million compared with FY192.

FY20 was also notable for the additional $1.2 billion of Crown funding allocated in Budget 2020, including $400 million to progress the iReX project to replace the three ageing Interislander ferries with two brand new ones. When they arrive, they will be the first new purpose-built ferries in Interislander’s fleet for 25 years. The Budget 2020 allocation also allows the purchase of new locomotives.

Mr Miller explains that COVID-19 interrupted progress on some significant projects including the rejuvenation of the North Auckland Line where $35.5 million of $164.5 million allocated by the Provincial Growth Fund was spent during the year. More than 400 staff, contractors and sub-contractors are at work building tracks, replacing bridges and making tunnels suitable for wagons carrying hi-cube containers in Northland.

Other highlights during the year included the full return to service of the Main North line through Kaikōura and, in Wellington, work advanced on upgrading the metro network including construction starting on a second 2.7km track between Trentham and Upper Hutt.

1 Operating surplus represents earnings before depreciation & amortisation, interest, impairment, capital grants and fair value changes.

2 FY19 Operating surplus of $55m excludes impact of non-recurring items ($29m Holidays Act remediation).

Embraer and Porsche Announce Design Collaboration on Limited Edition Duet

Melbourne, Florida, November 5, 2020 — Two global companies at the forefront of technology and innovation, Embraer and Porsche, have collaborated to create Duet, a limited-edition, limited-quantity Embraer Phenom 300E aircraft and Porsche 911 Turbo S car pairing. Both known for world-class engineering, performance, and design, Embraer and Porsche will produce just ten pairs of business jets and sports cars, providing a truly seamless experience from road to sky, for the first time in history.

“Duet is an exclusive package developed in a unique design collaboration with Porsche. This rare, refined combination will only be available through this one-time-only pairing,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “In the spirit of delivering the ultimate customer experience, we are fusing two of the most notable brands in the aerospace and automotive industries, bringing together the pinnacle in production sports cars with the market benchmark in light jets, once again proving that we don’t simply follow trends — we create them.”

Duet brings the Phenom 300E and the 911 Turbo S into perfect harmony. As the world’s fastest and longest-ranged single-pilot business jet, the Phenom 300 series transformed the light jet category. From its revolutionary, award-winning interior design, with an abundance of cabin and baggage space to its highly intuitive avionics, this well-rounded machine delivers unmatched performance, exceptional comfort, and class-leading technology, at enviably low operating costs, with features previously available only on much larger jets. 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 is the peak of the 911 models and stands for both performance and usability.

“Porsche and Embraer share a host of common values,” said Alexander Fabig, Vice President Individualization and Classic at Porsche AG. “As part of our cooperation, we used the know-how of both brands to work jointly on a unique pair of vehicles that are equally attractive for the customer group of jet and sports car owners.” Designed in tandem, Duet fuses speed and style, luxury and power — signatures of both the Phenom 300E and Porsche 911 Turbo S. The most successful business jet of the decade (2010-2019) meets the gold standard in production sports cars, resulting in a uniquely designed jet and car, both featuring a customized interior and paint scheme inspired by one another.

“This is the perfect marriage of car and jet, as personified by the exclusive collaboration logo. The logo brings together the aeronautical requirement of lift — depicted by the Phenom 300E winglet — with the automotive requirement of downforce — depicted by the rear wing of the flagship 911. To further solidify this symbiotic partnership, the aircraft registration number appears on both the car’s rear wing and the sides of its key,” said Jay Beever, Vice President of Embraer Design Operations.

The exclusive collaboration logo is embossed on the seat headrests of the aircraft (lift) and debossed on the seat headrests of the car (downforce), as well as featured on the aircraft sideledge, speaker grills, and mounted near the main door. Each pairing also features a special badge, representing one of only ten delivered. The customer will have the option to select the location of a blue chip, reflective of their position among the ten units, according to their preference.

To create a seamless transition from aircraft to car for this exclusive set of customers, design inspiration for the aircraft mirrors that of the car, and vice versa. Starting with seats, the sew style on the Phenom 300E seat was patterned after that of the 911 Turbo S. The seats in both vehicles feature red pull straps, a Speed Blue accent stitch, and carbon fiber shrouds to create a shared connection. The cockpit seats of the Phenom 300E were redesigned to match the car. In the 911 Turbo S, Porsche introduced a unique color combination for the steering wheel to match the aircraft’s yoke, with a Speed Blue accent at 12 o’clock, as well as the first Chalk Alcantara trim roof lining — an homage to the aircraft. To round out the interior, the stopwatch of the Sport Chrono package features an artificial horizon inspired by instrumentation in the aircraft cockpit.

The aircraft and car share the same exterior paint pallet and general scheme. For the first time, Porsche has combined gloss and satin-gloss paintwork. The upper part of the car is finished with Platinum Silver Metallic, transitioning to Jet Grey Metallic at the bottom. Dividing the two paint colors is a trim strip with lines in Brilliant Chrome and Speed Blue. The car is entirely hand-painted, which is unique to this project and reflective of the Phenom 300E paint process. The alloy wheels of the 911 Turbo S are painted in Platinum Silver Metallic, using a revolutionary laser process to expose a Speed Blue underlay on the rim flange. The air intakes of the 911 Turbo S are painted in Brilliant Chrome to match the leading edge nacelles of the aircraft. The LED door projectors cast the Duet collaboration logo on the ground, and the door sill trims feature “No Step” lettering, like the messaging on an aircraft wing.

The exclusive Duet Porsche 911 Turbo S can only be purchased in tandem with its sibling Phenom 300E. To mark this first ever collaboration between Embraer, Porsche AG, and Porsche Design, Duet customers will also receive a custom Duet logo luggage set with a pilot’s bag and two weekenders, as well as a special edition Porsche Design 1919 Globe timer UTC titanium-case watch inspired by the aircraft’s cockpit.

Ten limited-edition pairs of the Duet are now available for order. Deliveries will begin in 2021.

Boeing Wins More 737-800BCF Orders and Launches New Freighter Conversion Lines to Meet Strong Demand

– The 737-800BCF now has 134 orders and commitments

– Two additional freighter conversion lines are launched to meet strong demand in express traffic and e-commerce markets

Boeing [NYSE: BA] today announced a firm order from an unidentified customer for two 737-800 Boeing Converted Freighters (BCF), as well as agreements to open additional conversion lines in Guangzhou, China, and Singapore to meet strong market demand.

Based on the popular Next-Generation 737, the 737-800BCF offers operators newer technology, lower fuel consumption and higher reliability than other standard-body freighters. Primarily used to carry express cargo on domestic or short-haul routes, the airplane is capable of carrying up to 23.9 tonnes (52,800 pounds) and flying up to 2,000 nautical miles (3,750 kilometers).

The 737-800BCF now has 134 orders and commitments.

The new 737-800BCF line at Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO) is scheduled to open in early 2021, marking the MRO’s second conversion line for the market-leading 737-800BCF. To date, Boeing has delivered 36 737-800BCF to more than 10 operators across four continents.

Boeing will also add a second conversion line for its widebody converted freighter, the 767-300BCF, at ST Engineering’s facility in Singapore. The second line is scheduled to open later this year.

The world’s most efficient freighter in its class, the Boeing 767 freighter family offers the lowest operating costs per trip and allows airlines to develop new opportunities in the long-haul, regional and feeder markets. The 767-300BCF has virtually the same cargo capability as the 767-300F production freighter with up to 56.5 tonnes (124,600 pounds) of payload and flying up to 3,350 nautical miles (6,190 kilometers).

The Boeing freighter family, which includes production and converted freighters, provides more than 90 percent of the world’s freighter capacity, offering an unmatched selection of capacity and capability with superior economics in every freighter size.

3D imagery, 737-800W, NG, 737, -800, -900, -700, -600

Garmin Announce Certification of G1000 NXi Upgrade in Piper Meridian

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced Federal Aviation Administration (FAA) certification and availability of the G1000 NXi upgrade for G1000-equipped Piper Meridian aircraft. The G1000 NXi integrated flight deck upgrade is available immediately for these aircraft through select Garmin dealers and features several new enhancements such as SurfaceWatch, visual approaches, geographical map overlay within the HSI and more.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200819005056/en/

State-of-the-art processors support faster map rendering and smoother panning throughout the G1000 NXi displays. The flight displays also initialize in seconds so pilots have immediate access to frequencies, flight plan data and more, saving valuable time in the cockpit. The G1000 NXi integrated flight deck also incorporates contemporary animations and LED back-lighting, offering increased display brightness and clarity, reduced power consumption and improved dimming performance.

– The G1000 NXi integrated flight deck boasts a comprehensive feature set with new and advanced capabilities. Unique features included as part of the G1000 NXi upgrade for the Piper Meridian include:SurfaceWatch runway monitoring technology, which provides visual and aural cues to help prevent pilots from taking off or landing on a taxiway, on a runway that is too short or on the wrong runway based on performance data entered during preflight.

– Visual approaches offer pilots enhanced guidance in visual flight conditions based on a three-degree glideslope from the threshold of the runway. Pilots can set customized minimums, select vectors or straight-in for the final approach intercept and fly a visual approach coupled with the autopilot.

– Geographical map overlay within the HSI supports the display of NEXRAD, Flight Information Service-Broadcast (FIS-B) weather, weather radar, SafeTaxi airport diagrams, traffic1, terrain and more.

– Flight Stream 510 and Connext technology enables Database Concierge, the wireless transfer of aviation databases from the Garmin Pilot™ app on a mobile device to the G1000 NXi integrated flight deck. Flight Stream 510 also supports two-way flight plan transfer, the sharing of traffic, weather, GPS information and back-up attitude information.

– The G1000 NXi system supports the display of various Automatic Dependent Surveillance-Broadcast (ADS-B) In benefits via the GTX 345R transponder.

– Pilots can optionally overlay European Visual Reporting Points (VRPs) on the moving map, as VRPs are standard within the navigation database.

– Display of sectional charts, as well as IFR low/high enroute charts are available on the MFD.

– Smart Airspace highlights the airspace nearest the aircraft’s current altitude and de-emphasizes non-pertinent airspace.

– COM frequencies are decoded and displayed on the PFD for easier interpretation.

– Decoded Terminal Aerodrome Forecasts (TAFs) can be viewed on the MFD.

– Split-screen functionality allows pilots to view flight plans, charts and more simultaneously.

– An optional audio panel upgrade offers advanced features such as 3D Audio, auto squelch and Bluetooth connectivity.

The G1000 NXi integrated flight deck upgrade for existing G1000-equipped Piper Meridian aircraft is available immediately through select Garmin dealers. Meridian owners and operators can easily upgrade to the G1000 NXi with minimal aircraft down time and disruption of the panel as the displays preserve the same footprint and connectors, so panel modifications are not required. The upgraded components of the G1000 NXi also come with a two-year warranty, which is supported by Garmin’s award-winning avionics product support team.

Amtrak Downeaster Resumes Limited Service June 15

PORTLAND, MAINE – The Northern New England Passenger Rail Authority (NNEPRA) announced yesterday that the Amtrak Downeaster will begin Phase 1 of Service Restoration beginning June 15, 2020.   Service will resume with one round trip on weekdays only between Brunswick, ME and Boston, MA:  southbound Train 680 and northbound Train 685.  Downeaster service has been suspended since April 13, 2020.

A number of protocols and procedures have been implemented to protect the health and safety of passengers and crews. 

Highlights of Phase 1 Service Restoration Plan:

  • Amtrak has implemented new cleaning and disinfecting protocols nationwide, and train equipment used in Downeaster service will undergo enhanced cleaning before and after each trip.
  • Crews and passengers will be required to wear face covering while boarding and moving about the train
  • The number of passengers per train will be limited to no more than 50% of available seating capacity so riders are able to adhere to physical distancing guidelines. 
  • Advance reservations are required and cash sales will not be accepted.
  • Station facilities will not be open; passengers should go directly to the outdoor platform to wait for their train.
  • Café service will not be available, however complimentary water will be available upon request. 
  • Stations are being updated with signage and other enhancements to promote public health and physical distancing.

While NNEPRA expects Downeaster increase service throughout the summer months, no date has been set for subsequent phases.  The NNEPRA Board of Directors plans to meet later this month to evaluate the potential for adding more daily trips.

Pan Am Railways has expedited a series of track improvement and maintenance projects along the Downeaster corridor to take place this spring to avoid construction-related service interruptions later in the year.  The schedule for Train 680 has been modified slightly to adjust for construction-related delays.  Passengers on travelling on Train 685 to stations north of Haverhill should expect delays of approximately 15 minutes.  

Complete information about the steps Amtrak is taking to protect the health and safety of their passengers and crews is available at Amtrak.com

For additional Amtrak Downeaster information visit: AmtrakDowneaster.com

Amtrak Downeaster, Boston, MA, BON, Amtrak Conductor The Downeaster is a 145-mile regional passenger train service, managed by the Northern New England Passenger Rail Authority, and operated by Amtrak.

Airbus Solar Orbiter Ready for Close-Up With The Sun

Currently traveling at some 105 million kilometres from Earth, the Airbus-built Solar Orbiter (SolO) is en route for an encounter to uncover the secrets of our closest star.

While humankind has been studying the Sun for hundreds of years, the research is limited because data was always collected from distances more or less equal to the star’s separation from Earth, according to Ian Walters, Airbus’ SolO Project Manager.

“Solar wind takes about two to four days to get from the Sun to Earth, and in that time, it transforms completely,” he explained. “We can better correlate what is seen with what is felt from the Sun if we can get up close. That’s the point of the Solar Orbiter mission…and it’s never been achieved before.”

Solar Orbiter was launched in February in a joint mission of the European Space Agency and the U.S. National Aeronautics and Space Administration. Travelling closer to the Sun than its nearest planet – Mercury – SolO will make comprehensive measurements of the nascent solar wind.

Beating the heat

For the spacecraft and its 10 instruments to survive extreme temperatures of up to 600 deg. Centigrade, Airbus designed a protective heat shield with openings for SolO’s five telescopes to peek through during the trek.

According to Walters, the most critical heat protection technology is the Stand-off Radiator Assembly (SORA) – a set of radiators sitting on the spacecraft’s side that is always in shadow, enabling them to quickly transfer heat from the instruments into space. SORA’s thermal straps are made from pyrolytic graphite, which is five times more conductive than copper wire but flexible like paper.

To avoid any molecular contamination that could compromise imagery from the telescopes, Airbus also built Solar Orbiter to levels of cleanliness far exceeding any other spacecraft built in the UK to date. Every item on SolO has been heated to over 120 degrees to make sure no gases are emitted in the vacuum of space.

Predicting solar events

Data from Solar Orbiter can help make significant improvements to everyday life, particularly when it comes to predicting solar flares and coronal mass ejections (CME) – the expulsions of plasma and its accompanying magnetic field from the sun, which can have a major impact on Earth.

“In 1859, one such episode took down the world’s telegraph network,” Walters said. “A similar event today would severely disrupt our power grids, mobile phone towers, navigation systems and many other critical technologies.”

He added: “If we could predict the CME was coming our way, we’d have about two days’ notice for emergency government committees to be activated and react, instead of the few minutes’ notice we receive today.”

Emirates to Operate Limited Passenger Flights in May

Emirates is set to operate limited passenger services to Frankfurt (02, 04, 06, 09, 11, 13 May), London Heathrow (03, 05, 07, 10, 12, 14 May), Manila (3, 6, 8, 10, 13, 15, 16 May), Sao Paulo (3 May), and Shanghai (2 May). The one-way special flights will facilitate travel for residents and visitors wishing to return home.

Those who wish to travel to Shanghai must contact the embassy or consulate of the People’s Republic of China in the UAE. For all other flights, passengers can book directly on emirates.com or via their travel agent.

Only citizens of the destination countries, and those who meet the entry requirements of the destination will be allowed to board. Customers will be required to follow all health and safety measures required by the UAE authorities and the country of destination.

Similar to other repatriation flights that Emirates has operated thus far, for health and safety reasons, the airline will offer a modified inflight service that reduces contact, and the risk of infection. Magazines and print reading material will not be available. Meals on-board will be served in hygienic prepacked meal boxes, offering customers sandwiches, beverages, snacks, and desserts. A selection of hot snacks will also be served on long-haul flights.

Emirates’ Lounge and Chauffeur Drive services will be temporarily unavailable during this period and in-flight Wi-Fi service is available for purchase only. On board Emirates’ flights, seats are pre-allocated where possible with vacant seats placed between individual passengers or family groups in observance of physical distancing protocols. More information is available on emirates.com.

Cabin baggage will not be accepted on these flights. Carry-on items allowed in the cabin will be limited to laptop, handbag, briefcase or baby items. All other items have to be checked in, and Emirates will add the cabin baggage allowance to customers’ check-in baggage allowance.

Passengers are required to apply social distancing guidelines during their journey and wear their own masks when at the airport and on board the aircraft. Travellers should arrive at Dubai International airport Terminal 3 for check-in, three hours before departure. Emirates’ check-in counters will only process passengers holding confirmed bookings to the above destinations.

All Emirates aircraft will go through enhanced cleaning and disinfection processes in Dubai, after each journey.

JetBlue To Require Customers to Wear Face Coverings During Travel

JetBlue (NASDAQ: JBLU) today announced that starting May 4 all customers will be required to wear a face covering during travel. The policy comes after the airline began requiring all crewmembers to wear face coverings while working. JetBlue has modeled its policy on the Centers for Disease Control (CDC) guidelines that indicate all individuals should wear a face covering in public to help slow the spread of the coronavirus (COVID-19).

“Wearing a face covering isn’t about protecting yourself it’s about protecting those around you,” said Joanna Geraghty, president and chief operating officer, JetBlue. “This is the new flying etiquette. Onboard, cabin air is well circulated and cleaned through filters every few minutes but this is a shared space where we have to be considerate of others. We are also asking our customers to follow these CDC guidelines in the airport as well.”

This new policy will require customers to wear a face covering over their nose and mouth throughout their journey, including during check-in, boarding, while in flight and deplaning. Customers will be reminded of this requirement before their flight via email and at the airport by both terminal signage and announcements. Small children who are not able to maintain a face covering are exempt from this requirement.

CDC guidance defines a suitable face covering as an item of cloth that should fit snugly against the side of the face, be secured with ties or ear loops, include multiple layers of fabric and allow for unrestricted breathing. The CDC recommends surgical masks and N-95 respirators be reserved for healthcare workers and other medical first responders.

Maintaining distance onboard whenever possible

Beyond face covering requirements for crewmembers and customers, since late March, JetBlue has limited the number of seats available for sale on most flights, allowing the airline to provide additional space between individuals who are not traveling together. Before each flight, JetBlue reviews seat assignments to ensure as much personal space as possible. In addition, rows near crewmember jump seats have been blocked off to create buffer zones for added crewmember and customer safety.

Safety enhancements throughout the journey

All of JetBlue’s aircraft are equipped with hospital grade high-efficiency air particulate (HEPA) filters. All recirculated air is passed through these HEPA filters before re-entering the cabin and being mixed with fresh air. All of the air in the cabin is, on average, completely changed every three minutes. HEPA filters are capable of removing 99.97 percent of particles, bacteria and viruses. To learn about how air circulates onboard JetBlue’s fleet, view this JetBlue video at https://youtu.be/Q2_C2iN-tEs.

Since the coronavirus began spreading in the United States, JetBlue has increased the rigor of its aircraft cleanings at night and between flights, using disinfectant approved to kill the coronavirus. Cleanings have been focused on the places customers and crewmembers touch the most, including seat covers, seatbelts, tray tables and armrests. Traditional food and beverage service have been adjusted onboard to limit touchpoints between crewmembers and customers. To learn about all the additional measures JetBlue has implemented visit http://blog.jetblue.com/coronavirus.

Airbus and Government of Québec Become Sole Owners of the A220 Program

  • Bombardier transfers its remaining interest in Airbus Canada Limited Partnership (Airbus Canada) to Airbus SE and the Government of Québec
  • Airbus now holds 75 percent of Airbus Canada with the Government of Québec increasing its holding to 25 percent for no cash consideration
  • Bombardier work packages for the A220 and A330 will be transferred to Airbus, through its subsidiary Stelia Aerospace, securing 360 jobs in Québec
  • Bombardier will receive US$591M, net of adjustments, of which US$531M was received at closing, and is released of its future funding capital requirement to Airbus Canada
  • Over 3,300 Airbus jobs secured in Québec

Amsterdam / Montreal – Airbus SE (EADSY), the Government of Québec and  Bombardier Inc. (BBD-B.TO) have agreed upon a new ownership structure for the A220 program, whereby Bombardier transferred its remaining shares in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Québec. The transaction is effective immediately.

This agreement brings the shareholdings in Airbus Canada, responsible for the A220, to 75 percent for Airbus and 25 percent for the Government of Québec respectively. The Government’s stake is redeemable by Airbus in 2026 – three years later than before. As part of this transaction, Airbus, via its wholly owned subsidiary Stelia Aerospace, has also acquired the A220 and A330 work package production capabilities from Bombardier in Saint-Laurent, Québec.

This new agreement underlines the commitment of Airbus and the Government of Québec to the A220 programme during this phase of continuous ramp-up and increasing customer demand. Since Airbus took majority ownership of the A220 programme on July 1, 2018, total cumulative net orders for the aircraft have increased by 64 percent to 658 units at the end of January 2020.

“This agreement with Bombardier and the Government of Québec demonstrates our support and commitment to the A220 and Airbus in Canada. Furthermore it extends our trustful partnership with the Government of Québec. This is good news for our customers and employees as well as for the Québec and Canadian aerospace industry,” said Airbus Chief Executive Officer Guillaume Faury. “I would like to sincerely thank Bombardier for the strong collaboration during our partnership. We are committed to this fantastic aircraft programme and we are aligned with the Government of Québec in our ambition to bring long-term visibility to the Québec and Canadian aerospace industry.”

“I am proud that our government was able to reach this agreement. We have succeeded in protecting paying jobs and the exceptional expertise developed in Québec, despite the major challenges we faced in this regard when we took office. We have consolidated the government’s position in the partnership, while respecting our commitment not to reinvest in the program. By opting to strengthen its presence here, Airbus has chosen to focus on our talents and our creativity. The decision of an industrial giant like Airbus to invest more in Québec will help attract other world-class prime contractors,” the Premier of Québec, François Legault, stated.

“This agreement is excellent news for Québec and its aerospace industry. The A220 partnership is now well established and will continue to grow in Québec. The agreement will allow Bombardier to improve its financial situation and Airbus to increase its presence and footprint in Québec. It’s a win–win situation for both the private partners and the industry,” pointed out Pierre Fitzgibbon, Minister of the Economy and Innovation.

With this transaction, Bombardier will receive a consideration of $591M from Airbus, net of adjustments, of which $531M was received at closing and $60M to be paid over the 2020-21 period. The agreement also provides for the cancellation of Bombardier warrants owned by Airbus, as well as releasing Bombardier of its future funding capital requirement to Airbus Canada.

“This transaction supports our efforts to address our capital structure and completes our strategic exit from commercial aerospace,” said Alain Bellemare, President and CEO Bombardier, Inc.  “We are incredibly proud of the many achievements and tremendous impact Bombardier had on the commercial aviation industry.  We are equally proud of the responsible way in which we have exited commercial aerospace, preserving jobs and reinforcing the aerospace cluster in Québec and Canada.  We are confident that the A220 program will enjoy a long and successful run under Airbus’ and the Government of Québec’s stewardship.”

The single aisle market is a key growth driver, representing 70 percent of the expected global future demand for aircraft. Ranging from 100 to 150 seats, the A220 is highly complementary to Airbus’ existing single aisle aircraft portfolio, which focuses on the higher end of the single-aisle business (150-240 seats).

As part of the agreement, Airbus has acquired the Airbus A220 and A330 work package production capability from Bombardier in Saint-Laurent, Québec. These production activities will be operated in the Saint Laurent site by Stelia Aéronautique Saint Laurent Inc., a newly created subsidiary of Stelia Aerospace, which is a 100 percent Airbus subsidiary.

Stelia Aéronautique Saint-Laurent will continue the production of the A220 cockpit and aft fuselage production, as well as A330 workpackages, for a transition period of approximately three years at the Saint-Laurent facility. A220 workpackages will then be transferred to the Stelia Aerospace site in Mirabel to optimize the logistical flow to the A220 Final Assembly Line also located in Mirabel. Airbus plans to offer all current Bombardier employees working on the A220 and A330 work packages at Saint-Laurent opportunities around the A220 programme’s ramp-up, ensuring know-how retention as well as business continuity and growth in Québec.

At the end of January 2020, 107 A220 aircraft were flying with seven customers on four continents. In 2019 alone, Airbus delivered 48 A220s, with the further ramp-up to be continued.

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