Tag: global (Page 4 of 34)

Alstom to present Italy’s first hydrogen powered train at EXPO Ferroviaria 2023

October 1, 2023 / WIL BALDWIN

28 September 2023 – Alstom SA (Paris: ALSO), global leader in smart and sustainable mobility, will be present at EXPO Ferroviaria 2023, the exclusive B2B exhibition in Italy dedicated to the railway industry, taking place from 3rd to 5th of October 2023 at Fiera Milano Rho. Throughout the event, Alstom will showcase a wide range of solutions and technologies to consolidate its position as a leader in smart and sustainable mobility.

At 12:45 p.m on October 3rd, during the event’s opening day, Alstom and FNM will hold an official ceremony attended by key institutions, customers and partners. During this event, both companies will together unveil the hydrogen-powered Coradia Stream, a hydrogen train with zero direct carbon emissions equipped with fuel cells. This train is set to enter commercial service in Valcamonica, running along the non-electrified Brescia-Iseo-Edolo line operated by Ferrovienord and Trenord. This marks the train’s debut appearance in Italy.

Additionally, on the event’s first day, at 3 p.m., visitors can join Alstom and Infra.to at the Alstom booth n°E48 located in the EXPO Ferroviaria venue, for the official presentation of the new Metropolis train for Line 1 of the Turin Metro. This presentation will also showcase the state-of-the-art Urbalis driverless radio signalling system.

Eve and Moviation Sign Letter of Intent for First eVTOL Urban ATM for South Korea

October 1, 2023 / WIL BALDWIN

Melbourne, Florida, September 28, 2023 – Eve Air Mobility (NYSE: EVE) and Moviation, South Korea’s first Urban Air Mobility (UAM) service provider, announced the signature of a Letter of Intent to purchase Eve’s Urban ATM solution. The software solution will be a key enabler to the implementation and scalability of Urban Air Mobility (UAM) and provides critical traffic management services that will play an essential role in enabling the global UAM market to scale.

The agreement comes as Eve’s Urban ATM (Air Traffic Management) concept has been adopted as part of Korea’s K-UAM Grand Challenge. The Challenge is a phased demonstration program in which Urban Air Mobility (UAM) vehicle safety and traffic management solutions are tested in urban conditions and environments for suitability to support the commercialization of UAM in 2025.

From before take-off to after landing, the urban air environment will count on integrated systems, services and technologies being developed by Eve to enable the safe launch of an efficient and predictable ecosystem to support eVTOL operations alongside many other airspace users. In the future, the advancement of infrastructure and regulation will rely on these network management services to enable autonomous flight.

Air Canada orders 18 Boeing 787-10’s, will fly every model in 787 Dreamliner family

September 25, 2023 / WIL BALDWIN

Seattle, Washington, September 25, 2023, PRNewswire – Boeing (NYSE: BA) and Air Canada (Toronto: AC) announced today the carrier is selecting the 787 Dreamliner to further modernize and grow its fleet with an order for 18 787-10 widebody jets, with the option to purchase 12 more. The flag carrier of the country, Air Canada will deploy the new fuel-efficient airplanes as part of its broader strategy to reduce carbon emissions while expanding its global route network.

Reducing fuel use and improving efficiency by up to 25% compared to previous generation jets, the 787 helps advance Air Canada’s ambitious environment goals over the next several decades. The carrier is positioned to optimize its fleet as it adds international routes in new and existing markets, further benefiting from the Dreamliner family’s route flexibility and operating economics.

Air Canada currently operates a fleet of 38 787s, including eight 787-8 and 30 787-9 jets. The largest model in the family, the 787-10, can carry up to 336 passengers with a range of 6,330 nautical miles (11,730 km).

With the selection of the 787 Dreamliner family, Air Canada is supporting economic growth and jobs across the Canadian aviation industry. Canada is among Boeing’s largest international supply bases with more than 550 suppliers. There are more than a dozen Canadian suppliers supporting the 787 program, including Boeing’s aerospace composite manufacturing facility in Winnipeg. Each year, Boeing contributes around $4 billion Canadian dollars in economic benefit to the country while supporting more than 14,000 direct and indirect jobs.

Air Peace orders 5 new Embraer E175 aircraft for fleet expansion

September 14, 2023 / WIL BALDWIN

Abuja, Nigeria, 14 September 2023 – Nigeria based Air Peace, West Africa’s largest airline, has placed a firm order for five Embraer (NYSE: ERJ) E175 aircraft. This strategic decision marks a significant step forward and is in alignment with Air Peace’s ongoing strategy of modernising its fleet. This acquisition is in line with Air Peace’s determination to become the operator of the largest and youngest fleet of aircraft in Africa. It reinforces Air Peace’s commitment to enhancing its domestic and regional network connectivity and paves the way for further regional expansion. Deliveries of the 88 seat aircraft start in 2024. The value of the order, at list price, is US$288.3m.

Already an operator of Embraer’s newest and largest jet, the E195-E2, these smaller aircraft will complement the airlines’ existing fleet, allowing Air Peace to dynamically match capacity to demand, protecting yields and route viability.

About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.

How the Delta Korean Air joint venture is paying dividends

September 7, 2023 / WIL BALDWIN

Delta Air Lines (NYSE: DAL) now 5-year-old Joint Venture with Korean Air is a significant driver of Delta’s evolution into a global brand, with robust international demand driven by experience-seeking customers.

That’s according to Delta’s Managing Director of East Sales, Scott Jordan, who recently sat down for an interview with The Korea Economic Daily, one of South Korea’s major daily newspapers.

Click the link below to read the full story!

Delta Korean Air joint venture

Alstom consortium picked to deliver Dominican Republic’s first monorail system

August 28, 2023 / WIL BALDWIN

August 28, 2023 – Alstom (OTC: ALSMY), a global leader in smart and sustainable mobility, announces that the Consortium SIF (led by Alstom and including Sofratesa) has been selected by Fideicomiso para el Desarrollo del Sistema de Transporte Masivo (FITRAM) of the Dominican Republic to deliver an integrated Innovia monorail system for the city of Santiago de los Caballeros. When completed, the 13-kilometre, 14-station Santiago de los Caballeros monorail system will be the first of its kind in the country and in the Caribbean. The system is dimensioned to carry up to 20,000 passengers per hour per direction (pphpd) and will provide faster and more efficient connections between the city’s northwest and southeast areas.

Alstom’s scope within the contract includes system integration, testing and commissioning of the full system and the supply of Innovia monorail trains as well as Cityflo 650 GOA4 driverless signalling, Hesop reversible power supply, conductor rail, high-speed interchange switch systems and depot equipment. Alstom’s share of the contract is worth approximately €370 million. This project is carried out with financing from the French government.

Alstom will deliver the 13 four-car automated Innovia Monorail 300 trains, which incorporate the design and operational features required for a high-capacity urban transport system. These features include automatic driverless operation, bi-directional operations, and compliance with international safety requirements and standards. Capitalising on Alstom’s strong leadership with over 30 years’ expertise in communications-based train control (CBTC), Alstom’s Cityflo 650 CBTC solution — the first driverless rail control system in the Dominican Republic— will support the highest grade of automation (GoA4), allowing for high reliability, shorter intervals between trains, flexible and safe operations, and reduced maintenance costs. To further increase the energy efficiency of the system, Alstom will install Hesop reversible power stations, which translates into not only building fewer substations along the alignment but also recovering and reinjecting up to 99% braking energy from the trains back into the network.

Virgin Australia wheels out country’s first airline baggage tracking tool

August 27, 2023 / WIL BALDWIN

Virgin Australia will launch the country’s first-ever airline baggage tracking tool across more than two thirds of its domestic network tomorrow, allowing guests to know where their bag is at every step of the journey.

With digital tracking now part of everyday life, Virgin Australia’s new seamless travel experience is the latest instalment of the airline’s broader transformation program.

The tool, which has been two years in the making, comes as lost baggage remains a pain point for travellers across the globe. Despite this, Virgin Australia far outperforms the industry average for mishandled baggage, with a mishandled baggage rate of around 1.5 per 1,000 guests – five times better than the last recorded industry average.

The first-to-market technology is set to free guests from the fear of losing their bags next time they fly, with Virgin Australia anticipating a rise in guests checking in baggage as a result of the new tracking tool.

Initially piloted in May 2023, the tracking tool will be available on most domestic routes between major airports, including Sydney-Melbourne, Brisbane-Sydney, Melbourne-Gold Coast, Melbourne-Hobart, Adelaide-Melbourne, Sydney-Sunshine Coast, and more (refer Notes to Editor). The airline’s remaining domestic network, including select services departing Perth, are expected to feature the tracking tool soon.

Repro Free Iarnród Éireann to make transformative investment in signalling to increase the capacity of Cork commuter rail network. Pictured at the announce meant at Kent Station, Cork city were Alstom Ireland Managing Director, Piers Wood; Minister for Finance Michael McGrath TD and Iarnród Éireann Chief Executive Jim Meade. Pic Daragh Mc Sweeney/Provision

Alstom chosen to provide Smartlock Interlocking & ETCS for Cork Area commuter rail

August 23, 2023 / WIL BALDWIN

August 23, 2023 – Alstom (OTC: ALSMY), the global leader in smart and sustainable mobility, has been awarded a groundbreaking contract by Irish Rail (Iarnród Éireann) to revolutionise rail travel and mobility on the Cork Area Commuter Rail (CACR) network. The project, set to enhance the rail service within the Cork metropolitan area, will feature Alstom’s cutting-edge signalling technologies – Smartlock Computer-Based Interlocking (CBI) system and European Train Control System (ETCS).

The CACR project aims to modernise and upgrade 62km of the rail network, stretching from Mallow to Cork, Cobh, and Midleton, creating a seamless, high-frequency unified suburban rail service for the people of Cork.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

At the core of this transformative initiative is Alstom’s Smartlock CBI system. This state-of-the-art technology will serve as the project’s primary foundation, offering a safe, simplified, and maintenance-friendly solution. By directly interfacing with axle counters and trackside objects through SmartIO, the Smartlock system eliminates the need for intermediate relays, ensuring a robust, efficient, and streamlined operation.

ETCS: Ensuring Continuous Train Protection and Efficiency

In addition to Smartlock interlocking, the project will also feature the European Train Control System (ETCS) Level 1 trackside technology. ETCS is a train protection system that guarantees enhanced safety, efficiency, and reliability throughout the Greater Cork area. The implementation of ETCS further strengthens the commitment to safety and ensures a smooth, secure, and eco-friendly rail network.

Air Lease Corp. announces $300 million deal for Five Boeing 737 Aircraft with Royal Air Maroc

August 22, 2023 / WIL BALDWIN

Los Angeles, California, Business Wire – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800. The new aircraft are scheduled to deliver to the Moroccan flag carrier in 2024 from ALC’s order book with Boeing. These new contracts are augmenting already placed ALC owned aircraft operated by RAM.

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

AirAsia welcomes inaugural flight from Hong Kong to Penang

August 13, 2023 / WIL BALDWIN

Penang, Malaysia, August 12, 2023 – AirAsia (5238.KL) celebrated its newly-resumed flight from Hong Kong to Penang today with a grand welcome. The route, operated with a thrice weekly frequency, marks a significant milestone for AirAsia making it the only low-cost carrier offering this direct air connection between the two vibrant cities.

The welcoming ceremony was graced by the Deputy Minister of Tourism, Arts and Culture of Malaysia, YB Khairul Firdaus Akbar Khan, the Caretaker Penang State EXCO for Tourism & Creative Economy, YB Yeoh Soon Hin, Chief Executive Officer of Penang Global Tourism, Mr Ooi Chok Yan, and Non-Executive Director of Capital A, Dato’ Abdul Aziz Bakar, further highlighting the importance of this new connectivity for both leisure and business opportunities.

Flight AK2280 departed from Hong Kong International Airport and arrived at Penang International Airport at 2.55pm with an impressive load of 96 percent, of which elated guests were greeted with a warm reception. Guests on board the flight were welcomed with a water cannon salute and were treated to exclusive AirAsia merchandise.

The famous ‘Pearl of the Orient’ renowned for its rich history, diverse culture, and delectable cuisine has long been a popular destination for both leisure and business travellers. With the introduction of this new route, AirAsia aims to enhance connectivity between Hong Kong and Penang, making it more seamless for travellers to explore the beauty and charm of this picturesque island.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

ETCS: Ensuring Continuous Train Protection and Efficiency

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