Cebu Pacific has taken delivery of its first A330neo as it begins its widebody fleet modernization program. The aircraft is configured with 459 seats in single-class layout and will be operated by the airline on trunk routes within the Philippines and the rest of Asia, as well as on longer range services to Australia and the Middle East. The A330neo offers versatility for a wide range of routes from shorter regional services to medium and long haul operations.
Altogether Cebu Pacific has ordered 16 A330neo, and also has 16 A320neo and 22 A321neo outstanding to be delivered. The low-cost carrier currently operates 50 Airbus aircraft, comprising 43 A320 Family and 7 A330ceo.
The aircraft is powered by Rolls-Royce’s latest-generation Trent 7000 engines and features a new composite wing with increased span for enhanced aerodynamics.
The A330neo brings a step change in efficiency, consuming 25% less fuel than previous generation aircraft and a similar reduction in CO2 emissions. The outstanding efficiency of the A330neo also ensures compliance with current and future sustainability requirements in terms of noise and emissions
With an order book of more than 1,800 aircraft at the end of October 2021, the A330 remains the most popular widebody family aircraft of all time.
CALGARY, Alberta & KANSAS CITY, Mo.–(BUSINESS WIRE)– Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) have announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico and Canada.
The comprehensive control application provides an overview of the proposed operational integration of the CP and KCS rail networks, the impact of that consolidation on the companies’ finances and labour needs, and the anticipated competitive and other benefits that will flow from providing shippers with new and better transportation alternatives. Information in the filing outlines the public and customer benefits a CP-KCS combination would bring, including more efficient north-south trade arteries to support the interconnected supply chains of the United States, Mexico and Canada.
In addition to the central foundation of the transaction to invigorate transportation competition and support economic growth across North America, the CP-KCS combination will generate many other public benefits, including:
The creation of more than 1,000 direct new jobs system-wide, including approximately 760 in the United States, over the next three years brought about by expanded rail operations across the combined network.
Capital investments in new infrastructure of more than USD$275 million1 over the next three years to improve rail safety and capacity of the core north-south CPKC main line between Louisiana and the Upper Midwest.
Avoidance of more than 1.5 million tons of greenhouse gas (GHG) emissions within five years due to the improved efficiency of CPKC versus current operations.
Diverting 64,000 long-haul truck shipments to rail annually with new CPKC intermodal services, eliminating another 1.3 million tons of GHG emissions over the next two decades, saving $750 million in highway maintenance costs.
Rail customers will not experience a reduction in independent railroad choices as a result of the CP-KCS combination. The joint control application reiterates the applicants’ commitment to keep all existing freight rail gateways open on commercially reasonable terms, including the Laredo gateway between the United States and Mexico, and shows how customers will not lose competitive routings because no new regulatory “bottlenecks” are being created. It also describes how the combined company will compete aggressively to attract traffic to its network via new single-line lanes between Canada, the Upper Midwest and the Gulf Coast, Texas, and Mexico.
More than 960 stakeholders, including more than 440 shippers, 186 smaller railroads, dozens of public officials, eight major ports, railroad labor unions representing both CP and KCS employees and 289 rail industry suppliers have written letters to the STB supporting CP’s proposed combination with KCS.
CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34 percent premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’ unaffected closing price on March 19, 2021.2
The transaction is subject to approval by shareholders of each company along with satisfaction of customary closing conditions, including Mexican regulatory approvals. Shareholders are expected to vote on the transaction later this year.
CP’s ultimate acquisition of control of KCS’ U.S. railways is subject to the approval of the STB. In April 2021, the STB determined it would review the CP-KCS combination under the merger rules in existence prior to 2001 and the waiver granted to KCS in 2001 to exempt it from the 2001 merger rules. In August 2021, the STB reaffirmed that the pre-2001 rules would govern its review of the CP-KCS transaction. On Sept. 30, 2021, the STB confirmed that it has approved the use of a voting trust for the CP-KCS combination.
The STB review of CP’s proposed control of KCS is expected to be completed in the second half of 2022. Upon obtaining control approval, the two companies will be integrated fully over the ensuing three years, unlocking the benefits of the combination.
While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company would have a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people, and generating total revenues of approximately $8.7 billion based on 2020 actual revenues.
For more information about the benefits of the CP-KCS combination, visit futureforfreight.com
LOS ANGELES, CALIFORNIA, OCTOBER 27, 2021 – The Port of Long Beach (POLB), the Utah Inland Port Authority (UIPA), and Union Pacific Railroad (NYSE: UNP) announced today a bold initiative that brings rapid relief from existing port congestion by optimizing rail deliveries between California and Utah.
The initiative is the first implementation of an agreement between POLB and UIPA that focuses on reducing congestion and cost associated with cargo movement through the corridor by optimizing the existing on- and near-dock rail system of the Port of Long Beach to reduce dwell times and improve the speed and consistency of rail deliveries to and from Utah.
Millions of TEUs of international goods are imported to or exported from the Intermountain West annually, but only 10% of this cargo currently moves by rail. This initiative aims to provide consistent, reliable movement of cargo on rail that improves fluidity and reduces delays of shipments already set to come to the Intermountain region, rather than increase cargo volume.
Loading 100 intermodal rail cars equates to 300 trucks off the road. An analysis by the Association of American Railroads concluded railroads are, on average, four times more fuel efficient than trucks and moving freight by rail instead of truck lowers greenhouse gas emissions by 75 percent.
Improving visibility of cargo is also a key component to untangling the supply chain and improving capacity. UIPA has announced the Intelligent Crossroads Network (“ICN”), a private 5G and artificial intelligence network built in partnership with QuayChain Technologies that will allow cargo tracking, monitoring and planning, and even greater efficiencies for users throughout the corridor connecting Long Beach and Utah.
Finnair has selected Airbus’s Flight Hour Services (FHS) to support its entire A320 Family fleet (35 aircraft), thus becoming the first European FHS customer for an A320 fleet.
Following recent contracts in Asia Pacific and the Middle East region, this first FHS agreement from Europe demonstrates the growing trust placed in Airbus’ maintenance by the hour services by airlines around the world, both for widebody and single aisle fleets.
Finnair will benefit from integrated material services including on-site-stock at their main base in Helsinki, access to Airbus’ mutualised spares pools and components engineering and repair services around the world. The FHS contract covers ‘nose to tail’ material services including for engine components.
Airbus will guarantee spare parts availability, generating value through increased fleet availability and operating maintenance costs savings.
The global Airbus fleet covered by FHS has increased by more than 25% over the past two years confirming the relevancy of flexible, power-by-hour solutions for airlines to secure efficient operations and contain costs.
Finnair is a long-standing Airbus customer. The airline is operating Airbus A320 Family aircraft on its network in Europe and Airbus A330 and A350 on long-haul flights.
Utilizing proven advanced manufacturing techniques and continuing to drive down unit price, Sikorsky will build nine more CH-53K™ heavy lift helicopters under a new contract for the U.S. Navy. This production award also includes an agreement for the next production contract at an even lower unit price which will decrease further if additional quantity options are exercised, resulting in significant savings for the U.S. government and taxpayers.
The nine helicopters are part of a 200 aircraft Program of Record for the U.S. Marine Corps for a total of 33 production aircraft under contract with 3 of the 33 already delivered to the U.S. Marine Corps. Sikorsky will begin deliveries of the nine additional aircraft in 2024.
Sikorsky and the U.S. Navy also agreed to an even lower aircraft price for the next production contract of nine helicopters, to be exercised no later than February 2022.
Cathay Pacific Airways and HK Express have signed contracts for Airbus’s Flight Hour Services (FHS) to provide support for their A320 Family fleets. These extend the service relationship with Cathay Pacific and welcome HK Express as a new FHS customer.
The multi-year, maintenance-by-the-hour contracts cover integrated component services, including on-site stock, pool access, and repair services. The airlines will also benefit from Airbus’s engineering expertise and FHS local representatives in Hong Kong.
Airbus has finalised 11 FHS contracts with operators worldwide over the last six months. The latest contract agreements demonstrate the continued interest in Airbus’s integrated maintenance service, proving more relevant than ever in post-crisis times when airlines need to carefully monitor their costs and contain investments.
Southwest Airlines Company (NYSE: LUV) today published an initial flight schedule for Eugene Airport (EUG) in Oregon, bringing the airline’s low fares, flexible policies, and Hospitality closer to more outdoor attractions in the Pacific Northwest. Southwest Airlines® will offer nonstop, roundtrip service once daily to Las Vegas and twice daily to Oakland in the Bay Area, bringing additional same-plane or connecting roundtrip service daily between Eugene and more than 30 airports across the Southwest route map.
“We welcome new Customers to Southwest as we continue an expansion across the nation to bring additional service and open new cities,” said Andrew Watterson, Southwest Airlines Executive Vice President & Chief Commercial Officer. “The addition of Eugene to our map positions easy access to Southwest all around Track Town USA, and is a request from leisure and business travelers who value our flexibility and Hospitality.”
EUGENE, OREGON FLIGHTS NOW AVAILABLE FOR PURCHASE Beginning Aug. 29, 2021, Southwest will commence service to a second city in Oregon, having served Portland since 1994. Southwest Customers will be able to experience the vibrant arts, college athletics, and outdoor beauty of Eugene and the surrounding regions through new service available for purchase now at Southwest.com:
BRISBANE, Australia, Feb. 15, 2021 /PRNewswire/ — Astronauts aboard the International Space Station (ISS) are conducting experiments with an antimicrobial surface coating designed to fight the spread of bacteria and viruses, including the Earth-bound SARS-CoV-2 virus responsible for the current COVID-19 pandemic. Developed by Boeing [NYSE: BA] and The University of Queensland (UQ), the joint research project was tested aboard Boeing’s ecoDemonstrator last year as part of the company’s Confident Travel Initiative.
The ISS experiment tests two identical sets of objects, including an airplane seat buckle, fabric from airplane seats and seat belts, and parts of an armrest and a tray table. One set received the antimicrobial surface coating, the other did not. ISS crew members are touching both sets of objects every few days to transfer microbes naturally occurring on human skin; no microbe samples were sent to the station for this experiment. Later this year, the test objects will be returned to Earth for analysis at Boeing’s labs to measure the effectiveness of the surface coating in a space environment.
An antimicrobial surface coating in a spacecraft could help ensure the health of the crew and protect the spacecraft’s systems from bacteria – and ultimately may help prevent interplanetary contamination from Earth-borne or another planet’s microbes.
Boeing was selected by NASA as the prime contractor for the ISS in 1993. Since then, Boeing has provided round-the-clock engineering support – maintaining the station at peak performance levels through dynamic missions and ensuring that the full value of the unique research laboratory is available to NASA, its international partners and private companies for years to come.
Since 2003, Boeing and The University of Queensland have collaborated on a broad portfolio of joint research and development projects. In 2017, the Brisbane-based Boeing Research & Technology engineers relocated to the university in a first-of-its-kind partnership for the company’s Asia-Pacific region.
The Australian Institute for Bioengineering and Nanotechnology (AIBN) at UQ has been a driver for multidisciplinary research to tackle global problems. The AIBN houses over 400 researchers across a wide range of scientific disciplines.
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. 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.
EVERETT, Wash., Feb. 9, 2021 – The first Boeing [NYSE: BA] KC-46 tanker destined for the Japan Air Self-Defense Force (JASDF) took to the skies on its maiden flight yesterday. This successful flight highlights an important milestone as the aircraft now transitions into the certification phase of development.
“This is an exciting milestone for the JASDF and Boeing,” said Jamie Burgess, KC-46 program manager. “Japan is getting closer to receiving the most advanced air refueling tanker in the world.”
Japan is the KC-46 program’s first international customer and is scheduled to receive its first jet this year.
“Boeing’s KC-46 and its robust defensive systems will play an invaluable role in the security alliance between our two countries,” said Will Shaffer, president of Boeing Japan. “This tanker’s ability to carry cargo and passengers also makes it a critical tool to support humanitarian relief efforts across the Pacific region and beyond.”
The KC-46 refueling certification encompasses U.S. Air Force, U.S. Navy, U.S. Marine Corps and JASDF aircraft.
The U.S. Air Force awarded Boeing a $279 million contract for the JASDF’s first KC-46A tanker in December 2017. The agreement was completed through the Foreign Military Sale process between the U.S. government and Japan. Japan is now on contract for a total of four KC-46 tankers.
Boeing is assembling KC-46A aircraft for both the U.S. Air Force and Japan on its 767 production line in Everett, Washington. Boeing’s Japanese partners produce 16% of the KC-46 airframe structure.
Union Pacific Corporation (NYSE: UNP) will release fourth quarter 2020 financial and operating results on Thursday, January 21, 2021, at 8:00 a.m. ET. The company’s management team will host a conference call and live webcast at 8:45 a.m. ET.
Parties interested in participating via teleconference may dial 877-407-8293. International callers may dial 201-689-8349. A live webcast of the presentation and materials will be available in the investor relations section of Union Pacific’s website at www.up.com/investor. A replay of the audio webcast will be available shortly thereafter.
