Tag: sign (Page 3 of 7)

Airbus & Korea Aerospace Industries launch Light Armed Helicopter production

August 31, 2023 / WIL BALDWIN

Seoul, South Korea – Airbus (OTC: EADSY) Helicopters and Korea Aerospace Industries (KAI) have signed an agreement to initiate the serial production phase of the Light Armed Helicopters (LAH). This follows the contract awarded by the country’s Defence Acquisition Programme Administration to KAI in December 2022 to supply an initial batch of ten LAH to the Republic of Korea Army. Deliveries will begin at the end of 2024, with follow-on orders to continue into the next decade.

This agreement will see Airbus Helicopters and KAI enter into the next phase of the programme, ramping up production of the LAH at KAI’s Sacheon facility in South Korea. Airbus Helicopters will support KAI’s order fulfilment with delivery of the required kits for the mass production.

The two companies have also signed an agreement to deepen their commitment in the joint Korean Utility Helicopter (KUH Surion) programme, to meet a wide range of operational requirements for the military, civil and parapublic markets.

This follows the recent launch of the joint development of new KUH variants, such as the Marine Attack Helicopter and Mine Countermeasure Helicopter, and their corresponding future versions. These programmes will benefit from Airbus Helicopters’ expertise in flight control systems and helicopter drive systems, and KAI’s industrialisation capability for local production. Airbus Helicopters is also committed to supporting KAI for additional serial deliveries.

Lufthansa and HCS Group sign Letter of Intent on production & supply of Sustainable Aviation Fuel Made in Germany

August 1, 2023 / WIL BALDWIN

The Lufthansa Group (OTC: DLAKY) and the HCS Group have signed a Letter of Intent (LoI) to partner on the production and supply of Sustainable Aviation Fuel (SAF). From the beginning of 2026, the HCS Group could supply the Lufthansa Group with SAF produced in the so-called Alcohol-to-Jet (AtJ) technology. The SAF, made from biogenic residues from agriculture and forestry, will be produced at the HCS Group production site in Speyer, operated by Haltermann Carless. SAF is a key element for more sustainable flying and thus for decarbonization in aviation.

With its engagement in the HCS Group the Lufthansa Group could support SAF ‘Made in Germany’, compliant with Europe’s Renewable Energy Directive RED II. The production site is logistically favorably located near the Lufthansa Group’s Frankfurt hub. The HCS Group offers sustainable hydrocarbon solutions to its customers. With the planned initial production volume of 60,000 metric tons of SAF per year, the chemical company aims to become the first large-scale producer of biogenic SAF in Germany.

The LoI with the HCS Group underpins the Lufthansa Group’s goal of driving forward the market ramp-up and use of Sustainable Aviation Fuels as a core element of its sustainability strategy. Today, the Lufthansa Group is one of the five largest SAF customers worldwide and is investing up to USD 250 million in the procurement of SAF for the coming years. In addition, the Lufthansa Group is working on numerous projects worldwide to increase SAF availability and is continuously examining further options for long-term purchase agreements.

Alstom and RAILPOOL sign a contract for 50 Traxx Universal locomotives

July 24, 2023 / WIL BALDWIN

July 24, 2023 – Alstom (OTC: ALSMY), global leader in smart and sustainable mobility, and RAILPOOL, one of Europe’s leading rail vehicle leasing companies, have signed a contract for 50 Traxx Universal multi-purpose locomotives. The contract is valued at up to 260 million euro.

The Traxx Universal multi-purpose locomotives can be operated for freight and passenger corridor services. Characterised by both high reliability and flexibility in combination with an optimised power consumption, the locomotives are a proven solution for efficient cross-border operations. Extended maintenance intervals allow for less interventions to ease operational planning, reduce costs and increase availability. The locomotives will cover operations in eight countries, namely Germany, Austria, Switzerland, France, Italy, Belgium, Luxemburg and Poland.

The engineering of the locomotives will be done at the Alstom site in Mannheim, Germany, while final assembly is planned to take place in Kassel, Germany. Other sites involved are Wroclaw, Poland (carbody shell production), Siegen, Germany (bogies production), and Zurich, Switzerland (project management).

Akiem & Alstom sign new framework agreement for 100 Traxx locomotives

July 17, 2023 / WIL BALDWIN

17 July 2023 – Alstom (OTC: ALSMY), global leader in smart and sustainable mobility, and Akiem European rolling stock leasing company have signed a framework contract for 100 Traxx Universal multi-system (MS3) locomotives. The firm part of the order includes 65 locomotives. The total amount of the framework agreement is up 500 million euros. Akiem confirms its leadership on the leasing European market and its ambition to contribute to the rail market’s accelerating activities, with major investment on corridors from France to 12 other European countries.

The Traxx Multi-system locomotives benefit from optimised energy consumption and can run both Freight and Passenger operations at a speed of up to 160 kilometres per hour. They will cover operations in 12 European countries: Germany, Austria, Switzerland, France, Italy, Belgium, Netherlands, Luxemburg, Hungary, Poland, Czech Republic, Slovakia. As a unique feature for multi-system locomotives, a part of them will be delivered with the last mile feature enabling to access ports, terminals or industrial sites without the need of a shunting locomotive.

All locomotives will be equipped with the leading signalling system ATLAS, Alstom’s onboard solution for the European Train Control System (ETCS). This system comes with the broadest coverage of countries and lines, both in ETCS as well as for legacy system operation, and superior two-out-of-three architecture.

Final assembly is planned to take place at the Alstom site in Kassel, Germany. Deliveries of the units are scheduled to take place between 2025 and 2028.

Stadler wins ATM’s new tram order for Milan, Italy

July 5, 2023 / WIL BALDWIN

Stadler and Azienda Transporti Milanesi S.p.A. (ATM) have signed another framework agreement for the supply of up to 50 TRAMLINK trams for the city of Milan. In a first call-off, ATM has ordered 14 high-capacity vehicles that will be financed with the PNRR (National Recovery and Resilience Plan) fund. The fourteen vehicles will be delivered before 30 June 2026.

The medium-capacity TRAMLINKs are similar to the tramways to be delivered under the framework agreement signed in 2020 and that Stadler is currently manufacturing. They have three modules and are about 25 m long. ATM has already ordered 60 out of the 80 vehicles covered by this framework agreement. The first unit arrived in Milan on 1 December 2022 and, currently, is performing tests on the city’s tram network.

The high-capacity version of the TRAMLINKs is based on the above but features five modules and a length of 35 m. They are bi-directional and have an attractive open interior equipped with two specific areas for wheelchair users. The barrier-free low floor and four doors per side allow passengers to board and alight easily and quickly thus reducing stopping time. In addition, the innovative bogies allow the trams to run smoothly in the narrow curves. This significantly reduces noise to the benefit of passengers and residents.

Particular attention has been paid to the safety of passengers, drivers and pedestrians. The ergonomically designed driver’s cab maximizes the driver’s visibility. Additionally, the TRAMLINK is equipped with an anti- collision device that can intervene when it detects a potential collision situation with pedestrians, cars or other obstacles. No blind spot cameras guarantee the security throughout the whole vehicle. The excellent dynamics as well as the high levels of safety and comfort improve the travel experience.

Aviation Capital Group Commits to 20 A220’s and 40 A320neo Family Aircraft

December 30, 2021 / WIL BALDWIN

Toulouse, France 30 December 2021 – Global full-service aircraft lessor Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a Memorandum of Understanding (MoU) with Airbus (OTC: EADSY) for 20 A220’s and a firm contract for 40 A320neo Family aircraft, of which five are A321XLR’s.

The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines. Featuring a 50% reduced noise footprint and up to 25% lower fuel burn per seat compared to previous generation aircraft, as well as around 50% lower NOx emissions than industry standards, the A220 is a great aircraft for regional as well as long distance routes operations.

With this order ACG is supporting the recently launched multi-million dollar ESG fund initiative by Airbus that will contribute towards investment into sustainable aviation development projects.

Saab and FMV Sign Contract for New Gripen-E Equipment

December 19, 2021 / WIL BALDWIN

Saab (OTC: SAABF) has received an order from the Swedish Defence Material Administration (FMV) regarding new equipment for Gripen E. This is a supplementary contract to the original Gripen E contract from 2013. The order value amounts to approximately SEK 1.4 billion.

The original contract, regarding development and modification of Gripen E, signed in February 2013, was based on the terms that certain equipment from the existing Gripen C/D fleet within the Swedish Armed Forces should be reused.

Instead of reusing equipment from the Gripen C/D, new equipment is acquired for a part of the total Swedish order of 60 Gripen E aircraft. This approach secures the availability of the Swedish Gripen C/D fleet in service, while Gripen E is being delivered and introduced to the Swedish Armed Forces.

Embraer Eve and Wideroe Zero Work on Innovative Air Mobility Solutions for Scandinavia

November 10, 2021 / WIL BALDWIN

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.

Air Malta and ITA Airways Sign Comprehensive Codeshare Partnership

November 1, 2021 / WIL BALDWIN

ITA Airways and Air Malta, have signed a broad codeshare agreement connecting the networks of the two airlines. This new commercial partnership, which applies to flights departing from Sunday 31st October, is bound to boost business travel and tourism between Italy and Malta and will offer customers more options and better flight schedules when travelling through the two airlines’ hubs in Rome and Luqa, Malta.

Following this agreement, ITA Airways’ and Air Malta’s customers can now fly seamlessly to their desired destination with a single ‘unique’ ticket, checking-in at the airport of departure, and collecting their checked-through baggage at the end of their trip in the arrival airport.

ITA Airways will apply its ‘AZ’ code on all services operated by Air Malta between Italy and Malta. Similarly, Air Malta will codeshare AZ flights between Malta and Rome, connecting Italian domestic services beyond Rome Fiumicino Airport and Milan Linate and selected connecting international services.

The new codeshare flights are now available for sale through the airlines’ respective websites (itaspa.com and airmalta.com), reservation systems and in travel agencies.

For more details or reservations visit itaspa.com and airmalta.com or contact your local travel agent.

Phoenix Police Department to Upgrade Fleet with New Airbus H125 Helicopters

September 16, 2021 / WIL BALDWIN

Grand Prairie, Texas, 16 September 2021 – The Phoenix Police Department has signed a new order to upgrade its airborne law enforcement helicopter fleet with five new H125 helicopters. Deliveries are expected to begin next year.

Known for its power, versatility and excellent performance in hot and high conditions, the H125 features dual hydraulics, dual channel FADEC, a crash resistant fuel system, and advanced glass-panel cockpit displays. The H125 accounts for nearly half of all intermediate single engine helicopters delivered for airborne law enforcement missions in North America over the last decade. It is built at Airbus Helicopters, Inc.’s production and completion facility in Columbus, Mississippi, by a team made up of 40% U.S. veterans.

Airbus Helicopters Inc. is the leading supplier of helicopters in the United States, with a presence dating back more than 50 years. A team of more than 700 employees operates local production and completion facilities for the H125 and UH-72 Lakota aircraft in Columbus, Mississippi, and provides world-class training, aftermarket support, and technical assistance from Grand Prairie, Texas, for the North American regional in-service fleet of nearly 3,100 helicopters.

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