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BBAM Adds Up to 12 737-800 Boeing Converted Freighters

January 19, 2021 /

Boeing [NYSE: BA] and BBAM Limited Partnership today announced the lessor is expanding its 737-800 Boeing Converted Freighter fleet with six firm orders and six options. The agreement brings BBAM’s 737-800BCF orders and commitments to 15 and highlights the continued strength of the e-commerce and express cargo market.

“As we look ahead to expanding our cargo fleet, the 737-800 Boeing Converted Freighter provides the performance and efficiency our customers need,” said Steve Zissis, CEO of BBAM. “Adding these highly capable freighters to 276 Boeing airplanes in our managed fleet helps to further strengthen our leadership position in the marketplace.”

Based on the popular Next-Generation 737, the 737-800BCF is meeting customer demand for a newer-generation freighter that offers higher reliability and lower fuel consumption and operating costs per trip compared to 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 2,025 nautical miles (3,750 kilometers). Since entering service in 2018, the 737-800BCF has won more than 150 orders and commitments.

“BBAM is one of the industry’s leading full-service leasing companies and has built their reputation on smart investments. We are honored that BBAM has selected more 737-800BCFs, based on the success of our standard body freighters in their portfolio,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing. “The continued strong demand for the 737-800BCF demonstrates the critical role these converted freighters play in the growing express and e-commerce market.”

BBAM is the world’s largest dedicated manager of investments in leased commercial jet aircraft, providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades. BBAM is the only manager in the aircraft leasing industry focused exclusively on generating investment returns for third-party investors. BBAM currently has more than $28 billion of assets under management and employs over 150 professionals at its headquarters in San Francisco and in additional offices in Tokyo, Singapore, Zurich, Dublin and Santiago. For more information about BBAM, please visit its website at www.bbam.com.  

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 and leverages the talents of a global supplier base. 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.

Air Malta Launches Lifeline Schedule as Europe COVID-19 Situation Worsens

January 15, 2021 /

Air Malta has launched its second ‘lifeline schedule’, following the worsening of the COVID-19 pandemic all over Europe. The schedule, intended to ensure essential passenger and cargo connectivity to and from the Maltese Islands to key airports, will commence on Wednesday 27th January.

For now, the lifeline schedule is being introduced until the end of February, however, following evaluations in the coming weeks on developments throughout Europe, Air Malta will consider whether to extend it further.

The National Airline has been at the forefront in efforts to ensure essential passenger connectivity to selected major European cities as well as a continuous connectivity for cargo, mail and essential medical supplies including the COVID-19 vaccine and other resources that are critical to the Islands’ supply chain. It is intended to guarantee peace of mind and stability for the Islands during these uncertain and testing times.

Air Malta will be operating 19 weekly return flights to eight destinations: Amsterdam, Brussels, Catania, Frankfurt, London Heathrow, Paris Charles De Gaulle, Rome and Zurich with the below schedule:

The Airline will continue making changes to its flight schedule to maximize capacity whilst ensuring connectivity.

F-35 Proposal Submitted To Swiss Government

November 22, 2020 /

The U.S. government and Lockheed Martin (NYSE: LMT) submitted an F-35 proposal to the Swiss government in support of Switzerland’s New Fighter Aircraft (NFA) competition.

The F-35 proposal is a total package offering that includes up to 40 F-35A aircraft, a sustainment solution tailored to Swiss autonomy requirements, and a comprehensive training program. 

The offering includes an industrial package providing Swiss industry substantial F-35 work opportunities. Should the F-35 be selected as the new fighter for Switzerland, this industrial work would take place in all Swiss regions. Swiss industry has the opportunity to compete for direct production of components for use on all F-35s produced, sustainment projects focused on supporting the Swiss Air Force and enhancing Swiss autonomy, and cyber security projects directly related to the F-35.

The offer uses the F-35 Global Support Solution for sustainment to ensure Switzerland benefits from the European F-35 economies of scale to realize lower sustainment costs for the Swiss Air Force. It also includes a six-month spares package to ensure the Swiss Air Force has the ability to conduct autonomous operations, if needed. Lockheed Martin is also offering an option for the assembly of four aircraft in Switzerland to ensure the Swiss Air Force and Swiss industry gain an understanding of how to maintain the F-35 airframe and its advanced capabilities for the life of the program. 

“We are confident that our F-35 offer is the best and most affordable solution for the Swiss NFA competition,” said Greg Ulmer, F-35 Program vice president and general manager. “We are offering the only 5th generation fighter at the cost of 4th generation aircraft while offering Switzerland an aircraft that will protect Swiss sovereignty for decades to come.”

To date, the F-35 has been selected by 13 nations and operates from 26 bases worldwide, with nine nations operating F-35s on their home soil. There are more than 585 F-35s in service today, with more than 1,190 pilots and 9,750 maintainers trained on the aircraft.

Airbus Signs Contract for 38 Eurofighters with Germany

November 15, 2020 /

Airbus has signed a contract to deliver 38 new Eurofighter aircraft to the German Air Force. This makes Germany the largest ordering nation in Europe’s biggest defence programme. The order, also known by its project name Quadriga, covers the delivery of 30 single-seater and 8 twin-seater Eurofighters. Three of the aircraft will be equipped with additional test installations as Instrumented Test Aircraft for the further development of the Eurofighter programme.

Dirk Hoke, CEO Airbus Defence and Space, said: “The new Tranche 4 Eurofighter is currently the most modern European-built combat aircraft with a service life well beyond 2060. Its technical capabilities will allow full integration into the European Future Combat Air System FCAS”.

The renewed order from Germany secures production until 2030 and comes at a strategically important time for the programme. In addition to an expected Eurofighter order from Spain to replace its legacy F-18s, procurement decisions in Switzerland and Finland are imminent in 2021.

The variant offered in Switzerland corresponds to the configuration of the German Quadriga order. The equipment includes the world’s latest electronic radar, future-proof hardware and software and unlimited multi-role capability for engaging air and ground targets.

Eurofighter is Europe’s largest defence programme, in which the United Kingdom, Spain and Italy are involved alongside Germany. In addition to technological capabilities, it secures more than 100,000 jobs in Europe.

DB and SBB to Increase Rail Service Between Germany and Switzerland

October 26, 2020 /

Demand for international rail services between Germany and Switzerland has increased rapidly in recent years. At the Basel border crossing alone the number of passengers has increased by over 25 per cent in the past five years. Given the increasing importance of climate protection, the increase in travel by rail, an environmentally friendly mode of transport, is a trend which is expected to continue. Despite the current challenges presented by the COVID-19 crisis, the two rail companies DB and SBB firmly believe there is tremendous growth potential in rail services between Germany and Switzerland over the medium and long term. As a result, DB and SBB are planning a significant increase in services. Both rail companies today signed a memorandum of understanding on the proposals.

The planned increase in services will be made possible thanks to the opening of Stuttgart 21 and the completion of the Karlsruhe–Offenburg and Müllheim–Basel stages of improvements by 2026. The increase in services involves switching operation of all ICE services between Switzerland and Germany to ICE 4s, this being DB’s most modern train, and the use of SBB Giruno compositions in Germany.

The key features of the service increase planned from the 2026 timetable are:

– The number of direct services between Switzerland and Germany will rise from 26 at present to 35 connections a day.

– Two new direct services a day from Hamburg via Basel to Lugano will improve the services on the north-south axis via the Gotthard route. The use of the Giruno on this line means that further direct connections from Germany to Milan could be added in future.

– The new plan also involves running new direct services from Germany via Bern to Valais.

– The deployment of the ICE 4 on the Dortmund–Cologne–Basel line makes it possible to provide new direct services from North Rhine-Westphalia, Germany’s most populous federal state, to Switzerland.

– The half-hourly frequency in future on the Zurich to Chur route will allow additional direct connections from Germany to Chur to be provided.

– The journey time between Frankfurt and Zurich will be reduced by 20 minutes to 3 hours and 40 minutes.

In conjunction with the joint increase in services, SBB Giruno trains will also now be used on routes between Switzerland and Germany. SBB also plans to procure additional Giruno compositions from manufacturer Stadler Rail using existing options available. Vincent Ducrot, CEO of SBB, believes this increase in services is another major step which underlines SBB’s strong commitment to significantly improving international passenger services: “We want to make rail travel in Europe easier for our customers. Rail offers major advantages in terms of travel time and comfort and has gained further impetus from the climate debate. This is why we are focusing on the further development of international services. It is important to look at sustainable and efficient mobility at European level. Infrastructure projects, such as the Ceneri Base Tunnel and Stuttgart 21, are pioneering in this respect.” Richard Lutz, CEO of Deutsche Bahn, said: “2021 is the European Year of Rail. Projects such as the revival of the Trans Europ Express for cross-border services and the development of our cooperation with SBB demonstrate this. These are wonderful indications that rail travel is growing across the entire continent, and first and foremost, that people and economic activity in Europe are coming closer together.”

Der neue Fernverkehrszug der SBB “FV Dosto”, ein Doppelstockzug, fotografiert wahrend der Typentestfahrt in Interlaken, am Donnerstag, 11. Mai 2017. (KEYSTONE/Anthony Anex)……..

SBB and ÖBB Plan Further Expansion of Night Train Services

September 20, 2020 /

SBB and ÖBB are stepping up their long-standing cooperation in international passenger services. The two railway companies are seeking to scale up the existing night train services from six to ten lines. Planning is underway for new night trains from Switzerland to Amsterdam, Rome and Barcelona. Last week, SBB and ÖBB signed a corresponding Letter of Intent. The planned expansion of services can only be guaranteed with financial support from the Swiss climate fund.

Demand for international night train services significantly increased in 2019 and at the start of 2020 until the coronavirus crisis struck. The number of passengers using night train services from Switzerland grew by over 25 per cent with respect to the previous year. The two partner railways consider this a sustainable trend given the significant rise in customer demand for environmentally friendly and resource-efficient travel. There is clear evidence to show that night trains have a positive effect on overall emissions, as they generate modal shift from other modes of transport to rail. ÖBB and SBB share the goal of shifting more travel to rail and thus contributing to a reduction in CO2 emissions from the travel sector. This commitment reflects the aims of the Paris Agreement on climate change and the political and public will to develop an attractive night train network as an important component of environmentally friendly and sustainable mobility in Europe.

With its 19 Nightjet lines and eight further services provided in cooperation with partner railways, ÖBB already runs Europe’s largest night train network. This includes the network from Switzerland run in cooperation with SBB, comprising six lines and one additional service. SBB and ÖBB want to build on this success and expand night train services in Europe together. Over the last few months, the companies have thoroughly tested and evaluated various options for expanding the service. By cooperating, the railway companies will be able to make use of synergies in production and marketing of the service offer and save on costs. In the Letter of Intent signed last week, the two railway companies presented their strategy for expanding services as outlined in “2024 Nightjet Network for Switzerland”. The plans involve expanding the Nightjet network from Switzerland to incorporate a total of ten lines and 25 destinations.

Cornerstones of the expansion plan:

– From 2022 timetable onwards: new Nightjet connection to Amsterdam.
As a first step in the expansion process, the two railway companies want to launch a new daily Nightjet service running Zurich–Basel–Frankfurt–Cologne–Amsterdam in December 2021. However, the very limited availability of rolling stock suitable for night train services restricts short-term service expansion. SBB therefore intends to lease suitable rolling stock from German leasing company RDC Asset GmbH.

– Increasing capacity on services to Berlin, Hamburg and Prague and new connection to Leipzig and Dresden.
The services currently provided from Zurich via Basel to Berlin and Hamburg are increasingly popular. Capacity on this route will therefore be expanded significantly. SBB and ÖBB wish to serve both destinations with two separate trains covering the whole route, if possible from the 2023 timetable change. This will enable a significant capacity increase. They also plan to run the service to Prague via Germany as a portion of the Berlin Nightjet with sleeping cars and couchettes. The new route would also provide a direct connection to Leipzig and Dresden.

– Plans for new connections to Rome and Barcelona.
There are plans for a new line connecting Zurich via Bern, Brig, Domodossola to Rome. A daily connection from Zurich via Bern, Lausanne, Geneva to Barcelona is also planned. This would also integrate French-speaking Switzerland directly into the night train network. It is not yet clear whether it will be possible to run these two lines, as agreements with other partner railways are yet to be reached.

To ensure that night train services can be expanded in the medium to long term, ÖBB is also investing in new rolling stock. The new night train sets are to come into service gradually over a period of time.

SBB and ÖBB are campaigning for greater political support for night trains.

Alongside the planned service expansion, SBB, ÖBB and other partner railways are campaigning for transport policies which facilitate night train operations in Europe. In Switzerland, the total revision of the CO2 Act after 2020 is being debated in the autumn session of the Federal Parliament. The Act provides for support for cross-border rail services from the climate fund. Last week, the Swiss Parliament voted in favour of supporting international passenger services, including night trains. While subject to a final vote and a possible referendum, financial support from the climate fund would compensate for the losses SBB would sustain given the high operating costs night train services involve.

ÖBB is the largest provider of night train services in Europe and has contributed significantly to maintaining night trains services from Switzerland in its existing partnership with SBB. Andreas Matthä, ÖBB CEO, said: “We have no doubts about the Nightjet’s success. With SBB as a committed and effective partner, we can continue to expand the Nightjet network even further. We are investing in new trains: 13 latest generation Nightjet sets will be in operation from the end of 2022. With additional services and modern rolling stock, taking the night train will become an even more attractive option.”

SBB CEO Vincent Ducrot has no doubt that demand for fast daytime services and night trains will continue to grow. “This is a sustainable trend and the demand for environmentally friendly and resource-efficient mobility will continue to increase.”

SBB and ÖBB consider night train services as an important element of the overall service offer and see great potential for creating synergies with daytime services. An attractive rail offer helps to achieve the goal of modal shift from short-haul flights to rail.

Swiss Air Lines Cleared For More Types Of Cabin Cargo

August 8, 2020 /

Swiss International Air Lines is carrying a greater variety of cargo in passenger cabins after four months of only being allowed to use the upper deck for shipments of COVID-19-related medical supplies.

Swiss Air Lines’ cargo division said it recently received approval from the Swiss aviation agency to transport general cargo in the cabin. Swiss flew its first flight a week ago from Dubai International Airport to Zurich with garments and other fashion-related goods in the passenger area.

The Lufthansa Group subsidiary has used widebody aircraft exclusively for cargo purposes since late March, but nontraditional use of cabin space was limited to medical supplies such as face masks and surgical gloves, as well as medicines and related humanitarian goods used to combat the novel coronavirus. 

Swiss WorldCargo has the option of putting boxes of personal protective equipment, and now other products, in the seats and overhead bins of many aircraft or on the floor of three Boeing 777-300s that have had their Economy seats removed.

Click the link below for the full story!

https://finance.yahoo.com/news/swiss-air-lines-cleared-more-110000954.html

Embraer Delivers 1,600th E-Jet to Helvetic Airways

July 8, 2020 /

Embraer celebrated today the delivery of its 1,600th E-Jet, an E190-E2. Helvetic Airways of Switzerland received the milestone aircraft. Airlines and leasing companies from some 50 countries have added Embraer E-Jets to their fleets since the first-generation jets entered revenue service in 2004. The new, highly fuel-efficient second-generation E-Jets family, the E2s, started flying with airlines in 2018.

“It’s an honor in my new role as President and CEO of Embraer Commercial Aviation to deliver this landmark aircraft. It’s a tremendous milestone in the E-Jets program and in the company’s history,” said Arjan Meijer. “Over the years I have been personally very close to Helvetic and their E-Jets fleet planning project. Everyone at Embraer is extremely proud to see such a renowned airline flying our 1,600th production E-Jet.”

Helvetic Airways is currently transitioning from a fleet of first-generation E-Jets to E2s. The carrier received its first E190-E2 in October 2019 and has added four more since as part of its fleet renewal program. Helvetic flies the airplanes in a 110-seat single-class configuration on domestic and international routes. The carrier has firm orders for 12 E190-E2s and purchase rights for a further 12 E190-E2s with conversion rights to the E195-E2, bringing the total potential order to 24 E2 aircraft.

“We are especially proud to receive an E2 aircraft in these challenging times for our industry,” adds Tobias Pogorevc, CEO of Helvetic Airways. “And it’s a genuine privilege to share this special moment with Embraer. We’ve received very positive feedback on the E190-E2, from our passengers and our crews, since we introduced it into our fleet. We couldn’t be happier with the aircraft’s performance. The fuel burn is even lower than expected, which makes the airplane even more environmentally friendly. And we’re looking forward to resuming operations soon – with our milestone E190-E2 as well.”

For nearly two decades, Embraer’s innovative E-Jets family has been transforming commercial aviation. It is the industry’s most successful line of 70-to-150-seat passenger jets designed specifically for this capacity segment. The program has logged in excess of 1,900 orders to date from more than 100 customers. Some 80 airlines currently fly Embraer E-Jets. The global E-Jet fleet has accumulated more than 30 million flight hours, with an average mission completion rate of 99.9%. The versatile airplanes are flying with low-cost, regional and mainline carriers.

The E190-E2 is one of three aircraft in the second-generation E-Jets family. Compared to the first-generation E190, the E190-E2 consumes 17.3% less fuel. This makes it the E2 the most efficient single-aisle aircraft family on the market.

The Emirates Group’s Business Response to COVID-19

March 24, 2020 /

Since the COVID-19 outbreak began, Emirates and dnata have been adapting operations in line with regulatory directives as well as travel demand.

The airline has aimed to maintain passenger flights for as long as feasible to help travellers return home amidst an increasing number of travel bans, restrictions, and country lockdowns across the world. It continues to maintain vital international air cargo links for economies and communities, deploying its fleet of 777 freighters for the transport of essential goods including medical supplies across the world.

With many of its airline customers dramatically reducing flights or ceasing services altogether, dnata has also significantly reduced its operations, including temporarily shutting some offices across its international network.

HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Group said: “The world has literally gone into quarantine due to the COVID-19 outbreak. This is an unprecedented crisis situation in terms of breadth and scale: geographically, as well as from a health, social, and economic standpoint. Until January 2020, the Emirates Group was doing well against our current financial year targets. But COVID-19 has brought all that to a sudden and painful halt over the past 6 weeks.

“As a global network airline, we find ourselves in a situation where we cannot viably operate passenger services until countries re-open their borders, and travel confidence returns. By Wednesday 25 March, although we will still operate cargo flights which remain busy, Emirates will have temporarily suspended most of its passenger operations. We continue to watch the situation closely, and as soon as things allow, we will reinstate our services.”

Having received requests from governments and customers to support the repatriation of travellers, Emirates will continue to operate passenger and cargo flights to the following countries and territories until further notice, as long as borders remain open, and there is demand: the UK, Switzerland, Hong Kong, Thailand, Malaysia, Philippines, Japan, Singapore, South Korea, Australia, South Africa, USA, and Canada. The situation remains dynamic, and travellers can check flight status on emirates.com.

Sheikh Ahmed added: “Emirates Group has a strong balance sheet, and substantial cash liquidity, and we can, and will, with appropriate and timely action, survive through a prolonged period of reduced flight schedules, so that we are adequately prepared for the return to normality.”

Cost reduction measures

The Emirates Group has undertaken a series of measures to contain costs, as the outlook for travel demand remains weak across markets in the short to medium term. This includes:

  • Postponing or cancelling discretionary expenditure
  • A freeze on all non-essential recruitment and consultancy work
  • Working with suppliers to find cost savings and efficiency
  • Encouraging employees to take paid or unpaid leave in light of reduced flying capacity
  • A temporary reduction of basic salary for the majority of Emirates Group employees for three months, ranging from 25% to 50%. Employees will continue to be paid their other allowances during this time. Junior level employees will be exempt from basic salary reduction
  • Presidents of Emirates and dnata – Sir Tim Clark and Gary Chapman – will take a 100% basic salary cut for three months

The Emirates Group has strong liquidity, with a healthy cash position but it is prudent that it take steps to reduce costs at this time. Emirates remains committed to serving its markets and looks forward to resuming a normal flight schedule as soon as that is permitted by the relevant authorities.

Safeguarding customers, employees, and communities

Emirates Group closely monitors the situation and keeps in regular contact with all relevant authorities, so that it can implement the latest guidance to keep travellers and its employees safe and healthy.

The company has strongly discouraged its employees from non-essential travel, implemented work from home policies for all employees where operationally feasible, enhanced cleaning and disinfection protocols at its facilities, introduced temperature screening at its key office entry points, and launched internal educational campaigns on hand hygiene and health practices to reduce risk of COVID-19.

Over the past weeks, the airline has also implemented enhanced cleaning and disinfecting measures on all of its aircraft departing Dubai as a precaution, and worked closely with airports to implement screening measures as required by the local authorities.

Frontline employees such as crew and airport teams have also been provided with support to stay safe while on duty, including providing hand sanitizers and masks where required.

The Emirates Group fully supports all initiatives to safeguard the health of communities in every market where it operates, including the UAE’s national COVID-19 response.

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