Tag: Commercial (Page 4 of 27)

American Airlines announces commercial redevelopment of Terminal 8 at John F. Kennedy International Airport

July 12, 2023 / WIL BALDWIN

FORT WORTH, Texas – American Airlines (NASDAQ: AAL), in partnership with the Port Authority of New York and New Jersey and Unibail-Rodamco-Westfield (URW) Airports, today announced a $125 million commercial redevelopment program for Terminal 8 at John F. Kennedy International Airport (JFK). The project will feature a new Great Hall and is expected to bring more than 60 new shopping and restaurant offerings to the terminal. With an emphasis on locally owned and diverse businesses that will create economic opportunities for the community, the new program will showcase New York’s world-renowned culinary scene and establish a unique sense of place for travelers.

Following the recent completion of a $400 million expansion of Terminal 8, the commercial redevelopment will further enhance the customer experience at the terminal with a complete redesign and expansion of the concessions program, including dining, retail, duty-free shopping, performance space and new digitally enabled experiences for American’s customers.

Terminal 8 has also become a world-renowned gateway for American’s oneworld partners. Within the past year, British Airways, Iberia and Japan Airlines relocated operations and Qantas returned service to Terminal 8.

American selected JFK T8 Innovation Partners, a joint venture led by URW, to lead the redevelopment. URW is an owner, developer and operator of sustainable, high-quality real estate assets across Europe and the U.S. Also joining the T8 Partners team, with a 30 percent equity stake, is Phoenix Infrastructure Group, a minority-owned, Minority Business Enterprise (MBE)-certified investment firm focused on critical infrastructure projects; and Holt Construction, one of New York’s premier construction management firms with experience in more than 100 aviation projects at airports across the country, including the expansion of Terminal 8, where Holt exceeded its 30 percent Minority and Women-Owned Business Enterprise (MWBE) participation goal.

Boeing Announces Second-Quarter Deliveries

July 11, 2023 / WIL BALDWIN

ARLINGTON, Virginia, July 11, 2023 /PRNewswire/ – The Boeing Company [NYSE: BA] announced today major program deliveries across its commercial and defense operations for the second quarter of 2023.

The company will provide detailed second quarter financial results on July 26. Major program deliveries during the second quarter were as follows:

Major Programs		2nd Quarter 2023	Year-to-Date 2023

Commercial Airplanes Programs
	737	103	216
	747	—	1
	767	8	9
	777	5	9
	787	20	31
Total		136	266

Defense, Space & Security Programs
	AH-64 Apache (New)	5	12
	AH-64 Apache (Remanufactured)	16	29
	CH-47 Chinook (New)	2	7
	CH-47 Chinook (Renewed)	3	4
	F-15 Models	4	6
	F/A-18 Models	6	13
	KC-46 Tanker	—	1
	P-8 Models	2	5
	Commercial and Civil Satellites	—	3
	Note: Delivery information is not considered final until quarterly financial results are issued.

Contact
Matt Welch
Boeing Investor Relations
(312) 544-2140

David Dufault
Boeing Investor Relations
(312) 544-2140

Boeing Media Relations
media@boeing.com

SOURCE Boeing

Talgo’s Intercity trains enter service in Egypt five months ahead of schedule

July 8, 2023 / WIL BALDWIN

Madrid, Spain, July 7th, 2023 – Egypt’s National Railway company (ENR) has recently confirmed the entry of the sixth and last Intercity trains into commercial operation for daytime services on the line that connects Alexandria with Cairo and Aswan. With this approval, the delivery of the rolling stock that makes up the fleet supplied by Talgo has been made official more than five months ahead of schedule.

The first train of this project started operating in December 2022. Since then, the rest of the trains have been delivered to the Egyptian operator and have gradually entered service at a rate of, approximately, one train composition per month. The trains, which belong to the Talgo 230 platform for Intercity or Long-Distance services, run at a maximum commercial speed of 160 km/h and have a capacity of approximately 500 passengers each.

The ENR units consist of a diesel-electric locomotive, a technical car and 14 towed passenger cars. The contract, worth 158 million euros, also includes complete maintenance for, at least, eight years, employing local personnel trained by the Spanish manufacturer.

The interior of these trains has been designed based on Talgo’s experience in high comfort long-distance compositions and services, such as the ones supplied for the Mecca-Medina high-speed line in Saudi Arabia. They are equipped with interior air conditioning certified for extreme temperatures, an onboard Wi-Fi platform throughout the train, and infotainment systems with LED screens in each of the first-class seats.

State-owned ENR launched the tender process in August 2016 as part of a project funded by the European Bank for Reconstruction and Development (EBRD) with the final bidding phase closing in October 2018.

Although Talgo is primarily known for its very high-speed trains that operate at over 300km/h (in fact, it is the company with the highest market share in the competitive Spanish market), it has more than 80 years of experience in the manufacture and maintenance of conventional rolling stock.

Viva Aerobus signs Memorandum of Understanding for 90 Airbus A321neo aircraft

July 8, 2023 / WIL BALDWIN

Mexico City, July 8th, 2023.- Viva Aerobus has signed a Memorandum of Understanding (MoU) for 90 Airbus (OTC: EADSY) A321neo aircraft. This is the third order Viva has completed with the European manufacturer, thus maintaining a single fleet of A320 family aircraft. The airline’s order book has now reached 170 Airbus aircraft which provides flexibility to continue growing and renewing its fleet, upholding it as one of the youngest in the Americas.

The A321neo offers unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50 percent noise reduction, and more than 20 percent fuel savings compared to previous single-aisle generation aircraft, while maximizing passenger comfort with the widest single-aisle cabin and large overhead stowage space.

The GTF engine uses a revolutionary geared fan technology that allows each part of the engine to spin at optimum speed, delivering the highest fuel efficiency and lowest greenhouse gas emissions.

These 90 Airbus A321neo aircraft powered by GTF engines will drive Viva’s domestic and international growth plans. This is particularly important since Mexico is expected to recover the US Federal Aviation Administration’s (FAA) Category 1 rating in the coming months. It is also very relevant given the commercial alliance Viva signed with US carrier Allegiant back in December 2021, which will give more people access to new non-stop air transport between Mexico and the US.

American Airlines to Expand Embraer Fleet

February 18, 2022 / WIL BALDWIN

São José dos Campos, Brazil, February 15, 2022 – American Airlines has signed a firm order with Embraer (NYSE: ERJ) for three new E175s. The aircraft will be operated by American’s wholly owned subsidiary, Envoy Air. With deliveries to be completed this year, Envoy’s fleet of E175s will grow to over 100 aircraft by the end of 2022. The contract value is USD 160.2 million at current list prices and will be included in Embraer’s 2021 fourth quarter backlog.

“Reaching the century mark of 100 E175s with American Airlines and Envoy is truly a moment to savor. We thank American Airlines and Envoy for their sustained partnership with Embraer, which began back in 1998,” said Mark Neely, Vice President Sales and Marketing for The Americas, Embraer Commercial Aviation. “It’s hard to exaggerate the impact this hardworking aircraft has every day, delivering essential connectivity across the US market. The E175 is the backbone of the US regional network, with over 600 aircraft sold, and 86% market share since 2013.”

“Our incredible journey with Embraer began almost 25 years ago with the ERJ 145. Our partnership continues to grow today with the E175s, the core of our fleet. Not only are our customers happy with the aircraft, but the jet’s outstanding performance has allowed us to continue to provide excellent service to American Airlines,” said Pedro Fábregas, President & CEO of Envoy. “We look forward to receiving these three new aircraft later this year as we continue to expand our growing network.”

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.

777 Partners Orders 30 Additional Boeing 737 MAX Airplanes

December 10, 2021 / WIL BALDWIN

Boeing [NYSE: BA] and 777 Partners have announced the Miami-based investment firm will nearly double its 737 MAX order book with the purchase of 30 additional jets. The new order expands 777 Partners’ commercial aircraft portfolio to a total of 68 737 MAX’s, in its fourth order this year for the fuel-efficient, single-aisle jets. Valued at $3.7 billion at list prices, the order will enable 777 Partners to expand 737 MAX operations across the fleet of its affiliated global low-cost carriers.

The 737 MAX family reduces fuel use and carbon emissions by at least 14% compared to the airplanes it replaces, reducing operating costs as well as the environmental footprint for 777 Partners’ affiliated airlines. Every 737 MAX features a passenger-pleasing Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

777 Partners is a Miami-based private alternative investment firm that invests across a number of high growth attractive verticals. Founded in 2015, 777 Partners initially applied its expertise in underwriting and financing of esoteric assets to diversify across a broad spectrum of financial services businesses, asset originators, and financial technology/service providers. In recent years, the firm has broadened its mandate and now invests across six different industries: insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment, and aviation.

The Helicopter Company Expands Airbus Helicopter Fleet with Order for 26 aircraft

December 6, 2021 / WIL BALDWIN

Jeddah, Saudi Arabia – The Helicopter Company (THC), established by the Public Investment Fund (PIF) as the first and only helicopter services provider licensed to operate commercial flights in the Kingdom of Saudi Arabia, today announced that it has signed a second purchase agreement with Airbus (OTC: EADSY) Helicopters.

The agreement was signed by Raid Ismail, Chairman of the Board of THC and Bruno Even, CEO of Airbus Helicopters, in the presence of His Excellency Khalid Al Falih, Minister of Investment and His Excellency Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness.

The partnership will contribute to the ongoing expansion of THC’s regional fleet ahead of announcing an exciting new journey as a General Aviation champion, with twenty orders of the newly launched five bladed H145 and six ACH160 models. All aircraft feature cutting-edge technologies and biofuel-compatible engines, marking a significant milestone in developing alternatives to conventional aviation fuels and achieving decarbonization of helicopter flights.

Launching its services in 2019, THC was established by PIF as part of its strategy to activate new sectors in Saudi Arabia that support the realisation of Vision 2030 and generate long-term commercial returns, while meeting the growing demand for luxury tourism and air travel services. THC previously signed an agreement to buy 10 Airbus H125 helicopters to increase access to domestic tourism destinations and provide services such as filming and aerial surveying – and is now further expanding its services with the addition of the H145 and H160 to its fleet.

The purchase agreement forms part of THC’s ongoing strategic regional alliances with industry leaders, including a recent partnership with The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project. The contract for the provision and operation of a twin engine helicopter, crew and maintenance technicians, facilitates TRSDC emergency medical services (EMS) with alternate configuration change capability for passenger utility transport at TRSDC’s site on the west coast of Saudi Arabia.

Embraer Displays Most Efficient Single Aisle Commercial Jet at Selangor Aviation Show

November 26, 2021 / WIL BALDWIN

Kuala Lumpur, Malaysia – Making its appearance at the first edition of the Selangor Aviation Show is Embraer’s E195-E2, the world’s most efficient and sustainable single-aisle jet. Showcasing a stunning “TechLion” livery that covers the entire aircraft’s fuselage, the E195-E2’s appearance at the Selangor Aviation Show comes after the aircraft’s presence at the Dubai Air Show earlier in the month. Featuring Embraer’s two by two passenger seating, the commercial jet sits up to 146 passengers.

In its 2021 market outlook, Embraer foresees a demand of 60 new commercial aircraft under 150 seats in Malaysia over the next 10 years. Driving this demand is the opportunity for aircraft under 150 seats to complement larger aircraft prevalent in the country and enhance the viability of establishing new routes or increasing the frequency of existing routes. This includes the boosting of direct connectivity within Peninsula Malaysia, as well as connectivity between cities in Peninsula Malaysia to East Malaysia (Sabah and Sarawak).

With a range of 2600nm (~5.5 hours of flight time), the E195-E2 is the largest of the three aircraft in the E-Jets E2 family. It entered into service at the end of 2019 following type certification from three major world regulatory authorities – the FAA (U.S. Federal Aviation Administration), EASA (European Aviation Safety Agency) and ANAC (the Brazilian Civil Aviation Agency). It is currently operated by KLM, which has 53 Embraer E-Jets in its fleet, Azul which operates 55 E-Jets and flies to more than 100 destinations in Brazil, as well as airlines in Switzerland, Spain, Belarus and Nigeria.

Embraer is the world’s leading manufacturer of commercial jets that seat up to 150 passengers. The commercial aircraft manufactured by Embraer are being operated by airlines in more than 130 airlines across over 70 countries, including airlines in the US (all the major carriers), British Airways, KLM, Japan Airlines and airlines in China.

Embraer Announces Earning Results for Third Quarter 2021

November 5, 2021 / WIL BALDWIN

São Paulo, Brazil, November 5, 2021 – Embraer (NYSE: ERJ) announced the company’s operating and financial information on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended September 30, 2021 (3Q21), June 30, 2021 (2Q21) and September 30, 2020 (3Q20), are derived from the unaudited financial statements, except annual financial data and where otherwise stated.

HIGHLIGHTS

• Embraer delivered 9 commercial jets and 21 executive jets (14 light / 7 large) in 3Q21, bringing the year-to-date deliveries to 32 commercial jets and 54 executive jets (36 light /18 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 3Q21 was US$ 16.8 billion;

• Revenues in 3Q21 reached US$ 958.1 million, representing year-over-year growth of 26.3% compared to 3Q20, with double digit growth in all segments;

• Excluding special items, adjusted EBIT and EBITDA were US$ 35.7 million and US$ 79.2 million, respectively, yielding adjusted EBIT margin of 3.7% and adjusted EBITDA margin of 8.3%. In the first nine months of 2021, adjusted EBIT margin was 3.8% and adjusted EBITDA margin was 8.9%;

• Adjusted net loss (excluding special items and deferred income tax and social contribution) in 3Q21 was US$ (33.9) million, with adjusted loss per ADS of US$ (0.18);

• Embraer generated free cash flow in 3Q21 of US$ 21.3 million, and in the first nine months of 2021 free cash usage was US$ (160.2) million. The positive free cash flow in 3Q21 represented the first time in more than 10 years the Company generated cash in the usually seasonally weak third quarter. The free cash flow in both periods represented a significant improvement compared to the prior year periods on better profitability and working capital efficiencies, particularly with respect to inventory management;

• The Company finished the quarter with total cash of US$ 2.5 billion and net debt of US$ 1.8 billion;

• Given better-than-expected free cash flow performance over the first nine months of 2021, Embraer is updating its guidance for free cash flow without M&A or divestitures to a range of US$ 100 million or better, from the prior range of US$ (150) million to breakeven. The Company reiterates its other financial and deliveries guidance for 2021 of commercial jet deliveries of 45-50 aircraft, executive jet deliveries of 90-95 aircraft, consolidated revenues in a range of US$ 4.0 to $4.5 billion, adjusted EBIT margin of 3.0% to 4.0%, and adjusted EBITDA margin of 8.5% to 9.5%.

Archives