Tag: efficient (Page 4 of 11)

Union Pacific Corporation Announces 10% Dividend Increase for Fourth Quarter 2021

December 14, 2021 / WIL BALDWIN

Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors today voted to increase the quarterly dividend on the Company’s common shares by 10% to $1.18 per share. The dividend is payable December 30, 2021, to shareholders of record December 20, 2021. Union Pacific has paid dividends on its common stock for 122 consecutive years.

“Union Pacific continues to deliver strong cash returns to our shareholders,” said Jennifer Hamann, Union Pacific executive vice president and chief financial officer. “Today’s action, coupled with the 10% increase earlier this year, is consistent with our targeted dividend payout ratio of 45 percent.”

About Union Pacific

Union Pacific delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.

Hitachi and Alstom Win Order to Build and Maintain High Speed Two Trains in Britain

December 10, 2021 / WIL BALDWIN

Alstom (OTC: ALSMY) and Hitachi Rail have today confirmed that the Hitachi-Alstom High Speed (HAH-S) 50/50 joint venture has signed contracts with High Speed Two (HS2) to design, build, and maintain the next generation of very high speed trains for HS2 Phase 1 as part of the £1.97 billion contract, including an initial 12-year train maintenance contract.

The UK’s two leading train manufacturers will deliver Europe’s fastest operational train, capable of operating at maximum speeds of 225mph (360 km/h), significantly reducing journey times for passengers. The fleet will be 100% electric, and be one of the world’s most energy efficient very high speed trains due to the lower train mass per passenger, aerodynamic design, regenerative power and latest energy efficient traction technology.

In a major boost to grow and rebalance the economy, the HAH-S joint venture will manufacture the 54 trains at newly enhanced facilities in County Durham, Derby and Crewe. The award to the British-based firms will protect and create thousands of green jobs and add £157 million GVA to the UK economy for every year of the train building phase.

The new 200m-long, 8-car trains are set to run in Phase 1 of the project between London and Birmingham, and on the existing network, and will dramatically increase capacity and connectivity between towns and cities across the country including Stoke, Crewe, Manchester, Liverpool, Carlisle, Motherwell and Glasgow. They will have a major impact in reducing carbon emissions from transport by encouraging people away from fossil fuelled cars and planes, and onto rail.

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.

United’s Aviate Academy First Class Start Today at New Training Facility in Phoenix

December 6, 2021 / WIL BALDWIN

United Airlines (Nasdaq: UAL) today announced the inaugural class of 30 United Aviate Academy students will begin their studies on Dec. 6 at the new flight training academy at Phoenix Goodyear Airport. The first class, 80% of whom are women or people of color, will complete a rigorous, year-long training program that sets them up for a career that reflects United’s high standard of professionalism and deep commitment to delivering a safe, caring, dependable and efficient travel experience. United Aviate Academy received more than 7,500 applications from aspiring pilots around the country in less than six months, with nearly 75% of those applicants being women or people of color.

After completing their training at the academy, students will build flight and leadership experience while working within the Aviate pilot development ecosystem at partner universities, professional flight training organizations and United Express carriers on their way to becoming United pilots.

The state-of-the-art, 340,000 square-foot facility at Phoenix Goodyear Airport, which United Aviate Academy will lease from the city of Phoenix, will provide aspiring pilots with industry-leading resources, equipment, and accommodations. The facility was previously home to Lufthansa Aviation Training (LAT), and United Aviate Academy will sublease part of its facility to LAT, a wholly owned subsidiary of Lufthansa, a United Star Alliance partner.

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.

Boeing 777X Arrives in Dubai for 2021 Dubai Airshow

November 9, 2021 / WIL BALDWIN

DUBAI, United Arab Emirates, Nov. 9, 2021, PRNewswire – The new Boeing [NYSE: BA] 777X arrived at Dubai World Central at 14:02 p.m. (GST) today, ahead of the upcoming Dubai Airshow. The airplane will be on static display and featured in the show’s flying program starting November 14.

The 777-9 flight test airplane made a nearly 15-hour nonstop flight from Seattle’s Boeing Field to Dubai, the first international flight and longest flight to date for the 777X as it continues to undergo a rigorous test program.

Building on the best of the industry-leading 777 and 787 Dreamliner families, the 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than the competition and an exceptional passenger experience. The 777X family has a total of 351 orders and commitments from eight leading customers around the globe. First delivery of the airplane is expected in late 2023.

Boeing will showcase its market-leading portfolio of commercial, defense and services products at the 2021 Dubai Airshow this month, including the international debut of its newest fuel-efficient widebody jet, the 777X. Building on the best of the industry-leading 777 and 787 families, the 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than the competition. Shown here: A Boeing 777-9 airplane photographed during flight testing. (Boeing Photo)

Boeing to Debut 777X, Spotlight Defense at 2021 Dubai Airshow

November 4, 2021 / WIL BALDWIN

DUBAI, United Arab Emirates, Nov. 4, 2021 /PRNewswire/ — Boeing (NYSE: BA) will showcase its market-leading portfolio of commercial, defense and services products at the 2021 Dubai Airshow this month, including the international debut of its newest fuel-efficient widebody jet, the 777X, along with the company’s growing autonomous capabilities such as the Boeing Airpower Teaming System.

During the event, a Boeing 777-9 flight-test airplane will soar in the airshow’s flying program and appear in the static display. Building on the best of the industry-leading 777 and 787 families, the 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than the competition.

The company’s static display will also feature the 2021 Boeing ecoDemonstrator, an Alaska Airlines 737-9 that is flight testing about 20 technologies to reduce fuel use, emissions and noise and further improve safety.

In addition, Etihad Airways will display a 787-10 Dreamliner that showcases the airline’s collaboration with Boeing to advance sustainable aviation. Etihad’s program researches and tests innovative technologies, products and practices on its fleet of 787s and within its operations to further reduce carbon emissions. Also on display, flydubai – the region’s largest 737 operator – will feature a 737 MAX 9 that reduces fuel use and CO₂ by 14% compared to its predecessors.

Boeing’s exhibit in Dubai will highlight defense products including the F-15EX Eagle II fighter jet and T-7A Advanced Pilot Training System, as well as its Autonomous Systems portfolio, including the Boeing Airpower Teaming System and the Insitu Integrator ER and ScanEagle unmanned systems.

Global defense customers are expected to display several operational Boeing aircraft, including the MV-22 Osprey, KC-46A Pegasus, P-8A Poseidon, C-17 Globemaster III, AH-64 Apache and CH-47F Chinook.

Boeing also will discuss its parts, modifications, digital, sustainment and training solutions, including an expansive global supply chain, maintenance and logistics network. Government services will feature in-country partnerships with on-the-ground support for its installed base of defense platforms. Commercial services highlights will include Boeing Converted Freighters, expanded support to regional customers and near-term sales opportunities.

Moving Egypt, A Modern Rail System That Will Transform Everyday Life

November 1, 2021 / WIL BALDWIN

Siemens (OTC: SIEGY) Mobility unit will install a comprehensive rail system that will feature the first ever high-speed, electrified main and freight rail line that will transform transportation in Egypt. The initial 660 km line will connect the port cities of Ain Sokhna on the Red Sea to Marsa Matrouh and Alexandria on the Mediterranean and will provide efficient, safe, and affordable transportation for all Egyptians, as well as goods across the country. The Egyptian government has an ambitious plan to invest heavily in a reliable and sustainable 1800 km state-of-the-art rail network that will establish Egypt as a regional leader for transportation and provide an additional boost to the economy.

The 660 km line connecting the Red Sea to the Mediterranean will create a Suez Canal type of link on the tracks. The connection will transport up to 30 million people per year and save up to 50 percent travel time. The electrified line will cut carbon emissions by 70%, in comparison to the current car and bus transportation. Siemens Mobility will deliver its Velaro high-speed trains, Desiro High Capacity regional train sets, and Vectron freight locomotives.

Jet2.com Orders 36 A321neos, Becoming a New Airbus Customer

September 1, 2021 / WIL BALDWIN

Jet2.com has placed an initial order for 36 A321neo’s. The Leeds, United Kingdom, based airline is a new Airbus (OTC: EADSY) customer, as well as new to the Airbus A320neo family. The order reflects Jet2.com’s ambitious fleet expansion and renewal plans. Engine selection will be made at a later date.

The aircraft will be configured for 232 seats with an Airspace cabin featuring innovative lighting, new seating products and 60 percent larger overhead baggage bins for added personal storage.

The A320neo Family incorporates the latest technologies, including new generation engines and Sharklets, delivering a 20 per cent reduction in fuel consumption per seat. With an additional range of up to 500 nautical miles/900 km. or two tonnes of extra payload, the A321neo will deliver Jet2.com with additional revenue potential.

At the end of July 2021, the A320neo Family had won over 7,400 firm orders from over 120 customers worldwide.

Delta Air Lines Orders Additional 30 Airbus A321neo Aircraft

August 24, 2021 / WIL BALDWIN

Herndon, VA, August 24, 2021 – Delta Air Lines has ordered 30 additional Airbus A321neo aircraft to help meet the airline’s future fleet requirements. The newly-ordered aircraft are in addition to the airline’s existing orders for 125 of the type, bringing the outstanding orders from Delta to a total of 155 A321neos.

Delta’s A321neos will be powered by next-generation Pratt & Whitney PW1100G turbofan engines that bring significant efficiency gains over Delta’s current, already-efficient A321 aircraft. Equipped with total seating for 194 customers with 20 in First Class, 42 in Delta Comfort+ and 132 in the Main Cabin, Delta’s A321neos will be deployed primarily across the airline’s extensive domestic network, complementing Delta’s current A321 fleet of more than 120 aircraft. The airline is slated to receive the first of its 155 A321neo aircraft early next year.

Many of Delta’s A321neos will be delivered from the Airbus U.S. Manufacturing Facility in Mobile, Alabama. The airline has taken delivery of 87 U.S.-manufactured Airbus aircraft since 2016.

As of the end of July, Delta’s fleet of Airbus aircraft numbered 358, including 50 A220 aircraft, 240 A320 Family members, 53 A330 widebodies, and 15 A350 XWB aircraft.

About Union Pacific

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