WASHINGTON (Reuters) – The U.S. government’s decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union, Airbus <AIR.PA> said.
The European planemaker said it would continue discussions with its U.S. customers to “mitigate effects of tariffs insofar as possible” and hoped the U.S. Trade Representative’s office would change its position.
“USTR’s decision ignores the many submissions made by U.S. airlines, highlighting the fact that they – and the U.S. flying public – ultimately have to pay these tariffs,” the company said in a statement.
(Reporting by Andrea Shalal; Editing by Daniel Wallis)
TOKYO (Reuters) – Japan’s Mitsubishi Heavy Industries said on Thursday it will book a 496.4 billion yen ($4.5 billion) special loss after its aircraft unit delayed the delivery of its SpaceJet regional jet for at least another year until after March 2021.
The sixth delay announced by Mitsubishi Aircraft is a fresh blow to Japan’s commercial jet ambitions and could stretch Mitsubishi Heavy Industries’ finances.
The company cited the special loss as one reason for wiping out a forecast for operating profit of 220 billion yen in the business year ending March 31.
The new postponement also means an aircraft that Mitsubishi Heavy had planned to bring to market in 2013, will have to compete against a new generation of regional jets built by Brazil’s Embraer SA <ERJ>.
Japan’s biggest airline by revenue, ANA Holdings Inc., is now to take the first delivery of the jet sometime after March 2021.
Mitsubishi Heavy, which builds products ranging from nuclear reactors and ships to rockets and industrial machinery, has traditionally relied on stronger units to support weaker businesses.
“We use cashflow and borrowing to finance our projects and going forward the SpaceJet development will require further funds,” a spokesman for Mitsubishi Heavy said. The company, he added, had no plan at the moment to raise capital for aircraft development.
Government funding would not be an option for Japan’s biggest heavy machinery maker even though the SpaceJet is backed by the government because doing so would contravene World Trade Organization (WTO) rules banning taxpayer subsidies.
A spokeswoman for Mitsubishi Aircraft declined to say how much development of the SpaceJet has cost so far.
The company on Thursday said it had appointed Takaoki Niwa, the head of its U.S. operations, as its new president, replacing Hisakazu Mizutani, who will become chairman.
(Reporting by Tim Kelly; Editing by Kim Coghill and Christopher Cushing)
A Boeing [NYSE: BA]-built satellite called JCSAT-18/Kacific1 will provide affordable internet access and other communications services to underserved parts of Asia and the Pacific islands.
The satellite launched today from Cape Canaveral, Florida at about 7:10 p.m. It will enter service several weeks after on-orbit tests and moving to its final geostationary orbit position over the Asia-Pacific region.
Built on Boeing’s 702 satellite platform, JCSAT-18/Kacific1 has two separate payloads for two customers, SKY Perfect JSAT of Tokyo and Kacific Broadband Satellites Group of Singapore. The satellite will deliver internet services to a potential market comprising hundreds of millions of people in more than 25 countries, including remote islands in the Pacific and the far eastern part of Russia.
“JCSAT-18/Kacific1 is going to make a difference in the lives of millions of people throughout the Asia Pacific region,” said Chris Johnson, president, Boeing Satellite Systems International. “We are proud to support SKY Perfect JSAT and Kacific as they seek to bring positive change through connectivity in regions that have been traditionally underserved.”
JCSAT-18/Kacific1 is the 13th satellite Boeing has built for SKY Perfect JSAT and the first satellite built for Kacific.
The first A220-300 for Air Canada has successfully completed its inaugural test flight from the Mirabel A220 final assembly line in Canada. The first of 45 aircraft for Air Canada is scheduled to be delivered to the Montreal-based airline in the coming weeks.
With its first A220 commercial flight in early 2020, Canada’s flag carrier will become the first airline in Canada to operate the Canadian-designed and -built A220. It will also become the first carrier in North America to fly the A220-300 variant.
Air Canada is planning to use the A220 on various domestic routes in Canada as well as to the United States. The A220’s unequalled performance and range capability will enable the airline to serve new markets, such as Montreal to Seattle and Toronto to San Jose, connecting the carrier’s main hubs to the West Coast, as of Spring 2020.
Benefitting from the latest technologies, the A220 is the quietest, cleanest and most eco-friendly aircraft in its category. Featuring a 50% reduced noise footprint compared to previous generation aircraft, 20% lower fuel burn per seat and 50% lower NOx emissions than industry standards, the A220 is a great aircraft for neighbourhood airports.
Around 100 A220s are currently flying with six operators on routes in Asia, America, Europe and Africa, proving the great versatility of Airbus’ latest family member.
Bombardier will perform heavy maintenance and refurbish 59 Bombardier-built REGINA commuter trains, improving safety and comfort for every passenger’s journey in Sweden
Latest contract highlights Bombardier’s position as industry-leading mobility services provider in the Swedish market
Mobility technology solution provider Bombardier Transportation announced today that it has signed a new services contract with AB Transitio, Sweden’s rail vehicle leasing company, to perform heavy maintenance and refurbish 59 BOMBARDIER REGINA Electric Multiple Unit (EMU) trains. The contract is valued around SEK 280 million ($30 million US, €27 million euro) over a period of five years. Deliveries of the newly refurbished trains is planned to start in mid-2020 with pre-series deliveries and will continue until mid-2024.
“With this new contract, Bombardier is expanding its services footprint in Sweden by maintaining the REGINA EMU trains operated by regional and private rail authorities, as well as refurbishing these trains to bring safe and reliable service to over millions of passengers across Sweden every year,” said Marina Sundman, Chief Commercial Office, Nordics Region, Bombardier Transportation. “We are proud to deepen our long-term relationship with AB Transitio and we are more committed than ever to delivering our range of service solutions to help customers maximize value from their assets.”
Around 20 years ago, our local teams designed and built these vehicles which are appreciated by the local rail operators. Today, more than 100 REGINA EMU trains operate across Sweden’s rail network in various car configurations, each train having travelled an average of 200.000 km per year in regional and intercity traffic, supporting the public transport authorities from south to the upper north of Sweden.
In addition to undertaking heavy maintenance on 59 REGINA EMU trains (54 trains of 2 cars and 5 trains of 3 cars each), our teams will also be involved in technical and comfort upgrades such as changing interior carpets, exterior paint, passenger seats refurbishment, interior lighting, installing additional pantograph with control equipment and new headlights.
This project marks a milestone in the development of our refurbishment activities and contributes to placing Bombardier as the leader of this market segment in Sweden. Bombardier is an important player in Sweden’s rail industry as a leading supplier of metros, trams, high speed trains, signalling systems and services.
DETROIT — A battery-powered Lincoln SUV, due in mid-2022, will be the first Ford Motor Co. vehicle built on a custom electrified chassis that resembles a skateboard, which was developed by Ford-backed startup Rivian, according to several people familiar with the program.
The all-wheel-drive Lincoln SUV could compete against Rivian’s R1S, an electric sport utility vehicle slated to go into production in early 2021 that will be priced from $72,500. Both models will use Rivian’s so-called skateboard, a flexible platform that combines electric motors, batteries, controls and suspension.
On Tuesday, Ford declined to comment. Rivian did not respond to a request for comment.
The new Lincoln, which carries the internal program code U787, also could compete with premium offerings from others, including General Motors Co, which plans to introduce at least two new electric SUVs by 2023, one for Cadillac and one that could revive the Hummer name, sources have said.
Ford invested $500 million in Rivian this year and plans to help it begin production next year at a former Mitsubishi plant in Normal, Illinois.
When Ford made the investment, it said it would use Rivian’s skateboard to develop its own electric vehicle, but did not disclose details.
It is not clear where Ford intends to build the Lincoln SUV, which will be among the first of several battery-powered utility vehicles planned for Ford’s premium brand in North America and China, according to supplier sources familiar with those programs who asked not to be identified.
Ford expects to introduce a compact Lincoln electric crossover in late 2021 or early 2022 and a mid-size companion in 2023, the sources said.
The U.S. auto industry plans to invest billions of dollars over the next few years to build all-electric pickups and SUVs, sectors of the market that have been among the most profitable, especially for Detroit-based automakers.
But analysts have questioned whether demand from consumers and commercial customers will come close to matching production.
Founded in 2009, Rivian has raised $1.9 billion from investors, including e-commerce giant Amazon, which has ordered 100,000 electric delivery vehicles from Rivian. The first Amazon vans will be built in Normal and are to be delivered in 2021.
Ford aims to sell an electric F-series pickup in late 2021, sources have said. It also will offer the electric Mustang Mach E SUV next year as part of plans to invest $11.5 billion by 2022 electrifying its vehicles.
Hull Trains has invested £60 million into five state-of-the-art, bi-mode intercity trains – known as Class 802s– which will transform rail travel from Hull to London.
The fleet – which is built using Japanese bullet train technology – offers a sleek modern design, faster acceleration and longer carriages, offering more space and seats.
Once fully operational, people will benefit from 5,500 extra seats a week, greater reliability and a quieter and smoother ride. The fleet of new high-speed trains are being rolled into passenger service at intervals, with the full Paragon fleet expected to be in passenger service by early 2020.
Louise Cheeseman, managing director, said she was confident the Paragon fleet would revolutionise train travel between Hull and London.
“We have made a significant investment in these hi-tech trains which will completely overhaul the current service as our customers know it,” she explained.
“Not only will these trains give a smoother ride, they will be a lot more reliable than our existing trains, they will include complimentary Wi-Fi, plug and USB sockets throughout, a brand new at-seat trolley service and an even greater choice and improved quality of hot and cold food. We are increasing capacity on our trains by 22% which means more people are able to travel too.”
Hull Trains currently operates 92 services between Hull and London every week. The new trains can switch seamlessly between electric and diesel power. The trains can accelerate more quickly and they offer greater reliability across the rail infrastructure.
More than two thirds of the journey between Hull and the capital will be operated using electric power, which is much better than the environment. Even under diesel power the modern engines reduce harmful emissions (PM10 and NOx) by up to 90% compared to the existing trains.
Andy Barr, Group CEO, Hitachi Rail said: “These new trains designed using advanced bullet train technology have proven extremely popular, becoming the intercity train of choice on Britain’s rail network. The trains’ many benefits include no more diesel emissions when running on electric power, fast and free Wi-Fi, and greater comfort for passengers. With over 25,000 smart sensors on board each train allowing real-time monitoring, our maintenance team can ensure a reliable and efficient service for people travelling to and from Hull and beyond.”
Steve Montgomery, First Rail managing director, said: “This investment in five brand new trains demonstrates FirstGroup’s commitment to Hull and our Hull Trains service. We’re proud to have supported the local community and East Yorkshire’s economy by investing in Hull Trains and growing the service over the years.”
Kevin Tribley, CEO at Angel Trains, said: “By investing in and developing new trains that reduce the environmental impact of rail travel we are even closer to creating a rail system that modern Britain deserves. We are incredibly proud of our team and would like to thank those at Hitachi and Hull Trains for their hard work in making this vision a reality.”
Louise added: “The arrival of these long-awaited trains marks a new era for Hull Trains. We are now on an exciting trajectory to build and grow this business into one our city can be really proud of. It’s our mission to be the first choice when people are travelling to London, I want people to trust in the service we offer and the fantastic customer service our customers know and expect.
“I want to thank our loyal customers and committed staff who continue to support Hull Trains, I am genuinely excited about the future of Hull Trains, our new trains and new beginning.”
Steve Montgomery, MD First Rail, Louise Cheeseman, MD Hull Trains, Richard Vernon, Fleet Project Engineer Hull Trains, Jim Brewin, Project Director Hitachi Rail, Susan Holliday, Angel Trains
MONTREAL/WINNIPEG, Nov 19 (Reuters) – Thousands of workers at Canada’s largest railway went on strike for the first time in a decade on Tuesday, disrupting the shipping of commodities and sparking calls for Prime Minister Justin Trudeau’s Liberal government to intervene.
About 3,000 unionized workers of Canadian National Railway, including conductors and yardmen, hit picket lines after both sides failed to resolve contract issues at a time of softening demand for freight service. They continued talks on Tuesday in Montreal amid union concerns over fatigue, safety and ensuring that workers’ breaks are not reduced.
Canada, one of the world’s biggest exporters of farm products, relies on CN and Canadian Pacific Railway to move canola, wheat and other commodities over vast distances from western farms to ports. Crude oil shippers and the mining industry also depend on the railways.
The strike comes at an awkward time for Trudeau’s government, which relies on smaller parties to pass legislation and faces criticism from western provinces about its failures to get new oil pipelines built. Trudeau has said he is not reconvening Parliament until Dec. 5, and the government cannot start the process to force workers back on the job until then.
Andrew Scheer, leader of the Conservatives, the second-largest party in Parliament, and Alberta Energy Minister Sonya Savage each separately urged Trudeau on Twitter to recall Parliament immediately.
The Canadian mining industry, which accounts for more than half of annual rail freight revenues, depends on CN to transport supplies to company sites and products from their operations.
“This strike will result in a severe reduction or elimination of railway capacity and will trigger the closure of mines with concurrent layoffs of thousands of employees beginning in a matter of days,” said Pierre Gratton, president and CEO of the Mining Association of Canada.
“SCREECHING HALT”
Industry groups ranging from the Canadian Manufacturers and Exporters to propane and fertilizer groups said Ottawa needed to step in to limit damage to the economy.
The BC Council of Forest Industries, which represents the sector in British Columbia, expressed concerns about the disruptions caused by the strike for rail transport.
“Ninety percent of the forest products we produce are sent to export markets in North America and around the world,” Susan Yurkovich, the body’s president, said.
“A disruption of this critical transportation network will adversely impact BC forest companies at a time when we are already facing significant challenges and increasing competition from around the globe”, Yurkovich added.
CN and CP also collectively handle nearly all grain movement in Western Canada, the country’s crop belt, split roughly evenly between the railways.
The stoppage “has an impact before it even begins because companies pull back sales in anticipation of a strike,” said Wade Sobkowich, executive director of the Western Grain Elevator Association, whose members include Cargill Ltd, Richardson International and Viterra Inc.
CN’s shipments of hazardous goods such as crude are likely to come to a “screeching halt” even if the railroad’s management steps in to limit freight volumes, said Kent McDougall, chief commercial officer at Torq Energy, which loads crude oil in Western Canada onto trains operated by both CN and CP.
A strike may temporarily constrain CN’s volumes, but will not likely have a meaningful long-term impact on the company’s earnings, Credit Suisse analysts said in a research note on Monday, adding that Ottawa has historically been quick to intervene.
Shares of Montreal-based CN were down 1%, while the benchmark Canadian share index was up slightly.
Canadian Labour Minister Patty Hajdu and Transport Minister Marc Garneau said they are monitoring the CN strike situation closely after meeting with the two sides on Monday.
CN said in a statement that it was “disappointed” at the strike action. CN’s service in the United States will continue operating despite the strike.
The company said on Friday it would cut management and union jobs as it grapples with an economic slowdown.
Rail workers with the Teamsters held their last strike in 2009, when locomotive engineers walked off the job for five days, the union said.
(Reporting by Allison Lampert in Montreal and Rod Nickel in Winnipeg Additional reporting by Kelsey Johnson, David Ljunggren and Steve Scherer in Ottawa and Kanishka Singh in Bengaluru Editing by Chizu Nomiyama, Sandra Maler and Leslie Adler)
Alstom will deliver 19 Coradia Continental electric regional trains to the state of Baden-Württemberg. The contract, signed with DB Regio, is worth approximately €120 million. The trains will be built at Alstom’s site in Salzgitter.
Beginning in December 2022, the new trains will be gradually deployed on the routes from Karlsruhe to Heilbronn, Achern, as well as via Freudenstadt to Herrenberg.
The new trains have been designed to optimise passenger experience while meeting the region’s operational requirements. In addition to high-performance WiFi, they will include spacious multi-purpose areas in each car and a large capacity for bicycles. The trains are specifically designed to cope with the steep gradients that punctuate the tracks running through the Black Forest.
“Passengers in the Karlsruhe region can look forward to modern, proven and reliable trains. Our trains not only satisfy passengers, but are also known for outstanding reliability and availability, thus offering absolute planning security for operators,”says Jörg Nikutta, Managing Director of Alstom in Germany and Austria.
The Coradia Continental is part of Alstom’s Coradia range of modular trains that benefits from more than 30 years of know-how. To date, over 2,800 Coradia trains have been sold and 2,400 are currently in service in Denmark, France, Germany, Italy, Luxembourg, the Netherlands, Sweden and Canada.
The new vehicles will be procured by DB Regio AG on behalf of the Ministry of Transport of the state of Baden-Württemberg as the responsible public transport authority for this network. After delivery of the vehicles, they become the property of the Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW) and are leased by DB Regio for the term of the 13-year transport contract.
MARINETTE, Wis., June 26, 2019 /PRNewswire/ — Littoral Combat Ship (LCS) 17, the future USS Indianapolis, completed Acceptance Trials in Lake Michigan. This is the ship’s final significant milestone before the ship is delivered to the U.S. Navy. LCS 17 is the ninth Freedom-variant LCS designed and built by the Lockheed Martin (NYSE: LMT)-led industry team and is slated for delivery to the Navy this year.
“LCS 17 is joining the second-largest class of ships in the U.S. Navy fleet, and we are proud to get the newest Littoral Combat Ship one step closer to delivery,” said Joe DePietro, Lockheed Martin vice president and general manager, Small Combatants and Ship Systems. “This ship is lethal and flexible, and we are confident that she will capably serve critical U.S. Navy missions today and in future.”
Unique among combat ships, LCS is designed to complete close-to-shore
missions and is a growing and relevant part of the Navy’s fleet.
It is flexible — with 40 percent of the hull
easily reconfigurable, LCS can be modified to integrate capabilities
including over-the-horizon missiles, advanced electronic warfare systems
and decoys.
It is fast — capable of speeds in excess of 40 knots.
It is lethal — standard equipped with Rolling Airframe Missiles (RAM) and a Mark 110 gun, capable of firing 220 rounds per minute.
It is automated — with the most efficient staffing of any combat ship.
The
trials included a full-power run, maneuverability testing, and surface
and air detect-to-engage demonstrations of the ship’s combat system.
Major systems and features were demonstrated, including aviation
support, small boat launch handling and recovery and machinery control
and automation.
“I am extremely proud of our LCS team including our shipbuilders at Fincantieri Marinette Marine,” said Jan Allman,
Fincantieri Marinette Marine president and CEO. “These are complex
vessels, and it takes a strong team effort to design, build and test
these American warships.”
