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Tag: Management (Page 4 of 11)

U.S. Navy and Boeing Score Another MQ-25 First with E-2D Refueling

August 19, 2021 /

The U.S. Navy and Boeing [NYSE: BA] have completed a second carrier-based aircraft unmanned refueling mission with the Boeing-owned MQ-25TM T1 test asset, this time refueling a Navy E-2D Hawkeye command and control aircraft.

During a test flight from MidAmerica St. Louis Airport on Aug. 18, pilots from the Navy’s Air Test and Evaluation Squadron VX-20 conducted a successful wake survey behind MQ-25 T1 to ensure performance and stability before making contact with T1’s aerial refueling drogue. The E-2D received fuel from T1’s aerial refueling store during the flight.

The MQ-25 StingrayTM will be assigned to the carrier airborne early warning squadron within the carrier air wing, which currently operates the E-2 C/D aircraft – known as the “digital quarterback” of the fleet for its role in joint battle management and command and control.

This is the second aerial refueling mission the MQ-25 team has conducted this summer. On June 4, the MQ-25 T1 test asset became the first unmanned aircraft to refuel another aircraft, a U.S. Navy Super Hornet. Both flights were conducted at operationally relevant speeds and altitudes, with the E-2D and F/A-18 performing maneuvers in close proximity to T1.

Boeing is currently manufacturing the first two of seven MQ-25 test aircraft and two ground test articles currently under contract. The Boeing-owned MQ-25 T1 test asset is a predecessor to these aircraft. The MQ-25 is leveraging advancements in model-based digital engineering and design, and ongoing flights are intended to test aircraft design and performance much earlier than traditional programs.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As the 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.

MQ-25 and Stingray are trademarks of the Department of the Navy.

Embraer’s Eve and Kenya Airways Partner on the Future of Urban Air Mobility

August 12, 2021 /

Eve Urban Air Mobility Solutions (“Eve”) signed a Memorandum of Understanding (MoU) with Kenya Airways PLC, the flag carrier of Kenya, through its fully owned subsidiary Fahari Aviation. This collaboration aims to develop operational models for the wide-accessibility of Urban Air Mobility (UAM) to support Fahari Aviation’s key markets. In addition, this partnership will establish the co-creation of a foundation of concepts and procedures to safely scale electrical vertical takeoff and landing (eVTOL) aircraft, also known in the market as EVA (Electrical Vertical Aircraft).

Eve will support Fahari Aviation, the Unmanned aircraft systems (UAS) division of Kenya Airways that promotes safe and secure UAS usage in the region, in establishing its UAM network and collaborate on the required Urban Air Traffic Management (UATM) procedures and UAM operating environment. This partnership will also allow Fahari Aviation to support Eve’s aircraft and product development process which will help guide the integration of UAM with Kenya Airways’ overall operations. Eve’s fully electric aircraft is designed to be accessible to all while being a community-friendly aircraft with a low noise signature and no emissions. It aims to drastically cut road travel time. It is ideally suited as a UAM aircraft bringing all traditional aviation travelers closer to their final destination efficiently and comfortably.

The partnership will deliver a robust strategy to provide Fahari Aviation’s passengers with a sustainable, accessible, and affordable transportation option. It is estimated that using UAM from the airport to downtown, EVA can reduce conventional road trips by up to 90% turning an hour and a half ride into a 6-minute flight.

Hilton Hotels Named One of Sri Lanka’s Best Workplaces

July 5, 2021 /

Colombo, Sri Lanka – Global research and consulting firm Great Place to Work® announced Hilton Worldwide Holdings (NYSE: HLT) placement on this year’s Best Workplaces in Sri Lanka list. This is the second time that Hilton has been named one of Sri Lanka’s Best Workplaces.

The accolade had been awarded to Hilton following a survey by Great Place to Work® of over 100 registrations representing 51,000 employees in Sri Lanka. The survey assesses employees’ perceptions of leadership, organizational culture and trust, and is critical to a company being selected to the list of Best Workplaces in Sri Lanka. To be eligible for this list, organizations must be certified by the firm in the past year. A total of 40 companies were named in the list this year.

Recognising the importance of mental wellness, Hilton has incorporated a series of family-focused benefits for team members, including flexible working environments and mental health campaigns. Hilton also provides a variety of resources and programs aimed at attracting, developing and supporting team members at various stages of their careers. Through the Thrive@Hilton Program, Hilton supports team members in their professional and personal growth. Globally, Hilton also provides further learning and development opportunities through Hilton University, its Executive Committee Networking Program, as well as team member benefits such as Go Hilton.

Further to creating opportunities for its team members, Hilton had also launched a specially-curated female development program in Sri Lanka in March 2021 through a partnership with the Sri Lanka Institute of Tourism and Hotel Management. Translating to “female courage,” Hilton Liya Diriya aims to provide training opportunities for local female students keen to build a career in hospitality, and in doing so, advance women’s economic empowerment and grow the country’s hospitality talent pool.

Scoot Becomes New Airbus A321neo Operator

June 28, 2021 /

Scoot, the low cost subsidiary of Singapore Airlines, has become a new operator of the A321neo, following the arrival in Singapore of its first three aircraft. All three aircraft are leased from BOC Aviation.

Scoot’s A321neo aircraft are powered by Pratt & Whitney PW1100G engines and seat 236 passengers in a single class layout. The aircraft cabin is based on the Airbus Cabin Flex option which enables optimal use of space. Scoot will operate the A321neo on routes of up to six hours from Singapore.

The A321neo is a member of the A320neo Family, of which Scoot has ordered a total of 39 aircraft from Airbus (including six A321neos) and is acquiring another 10 A321neos under lease agreements.

All of Scoot’s A320neo Family aircraft will be supported by Airbus Services under a Flight Hour Services Tailored Support Package covering component availability and repair, as well as fleet technical management.

The A320neo Family incorporates the latest technologies, including new generation engines and Sharklets, delivering a 20 per cent reduction in fuel consumption per seat.

MD Helicopters Secures $43.9 Million in Army Contracts

June 23, 2021 /

MD Helicopters, Inc. (MDHI) announces two independent contract awards worth $43.9 million from Army Contracting Command-Redstone supporting the Afghan Air Force’s MD 530F Cayuse Warrior light attack helicopters.

The first contract, a six-month extension worth $14.5 million, continues MDHI’s longstanding efforts to provide program management, and contractor logistics support (CLS) services, material, and remote operations to support the Afghan fleet. Work will take place in Mesa, Arizona; Kabul, Afghanistan; and Al-Ain, United Arab Emirates. The contract was awarded on May 28, 2021.

The second contract, worth $29.4 million, modifies MDHI’s original maintenance capabilities support contract. Under this six-month contract, MD Helicopters will provide continued maintenance, repairs, updates, and overhauls of the Afghan Air Force’s MD 530F Cayuse Warrior helicopters in Mesa, Kabul, and Al-Ain. The contract was awarded on June 10, 2021.

The enhanced MD 530F Cayuse Warrior is a light armed attack helicopter respected for its power, safety, speed, agility, and unparalleled confined area capabilities. The aircraft supports a wide range of training and operational missions, providing safe, efficient multi-mission support with an increased performance profile.

Airbus Wins First Syracuse IV Ground Segment Program Contract

March 4, 2021 /

Paris, France 4 March 2020 – Within the Syracuse IV programme, Airbus (Paris: AIR.PA) has been awarded a 10-year framework agreement called Copernicus for the construction and upgrading of part of the ground segment for the telecommunications satellites used by the French Armed Forces. As part of Copernicus, the French Directorate General of Armaments (DGA) has placed an initial order worth more than € 100 million.

Dominique Maudet, Head of French Defence Sales at Airbus Defence and Space said: “We are building the future broadband and multi-satellite ground segment for France’s Armed Forces. It will be fully integrated, intelligent and dynamic, giving operators access to a decision-making tool unique to satellite communications management.”

This first order specifically covers the development of the future satellite communications management system for the French Ministry of Defence. This unique portal called Pegasus, accessible to all units, will enable the French Armed Forces to optimise use of the available capacities on military and commercial satellites. It will make it possible to coordinate requests entered by central military staff or any unit deployed on the ground, at sea or in the air. Allocation of satellite capacities will be optimised in terms of operational criteria completed by the units, such as the type of terminals used, ground cover, level of cyber security, jamming resistance, as well as the need for availability.

The Copernicus project also aims to increase the operability of Comcept, the multi-satellite communications network designed by Airbus and commissioned by the French armed forces in 2017. Comcept uses the broadband Ka-band transmission capacities of the Franco-Italian military satellite ATHENA-FINDUS, in addition to the Ku- and C-band capacities of commercial satellites. Thanks to these developments, Comcept will also be able to use the high-speed Ka-band of future satellites SYRACUSE 4A and 4B.

Different elements of the SYRACUSE IV programme’s future ground segment and the Pegasus portal will enable the French armed forces to use the entire spectrum of satellite capacities efficiently and dynamically, from the most secure and resilient to the high-speed and wide coverage capacities, in all areas of operations.

Britta Seeger, Mitglied des Vorstandes der Daimler AG, verantwortlich für Mercedes-Benz Cars Vertrieb & Marketing // Britta Seeger, member of the Board of Management of Daimler AG responsible for Mercedes-Benz Cars Sales & Marketing

Lufthansa Supervisory Board Nominates Britta Seeger, Extends Detlef Kayser

March 3, 2021 /

Stephan Sturm will resign from the Supervisory Board of Deutsche Lufthansa AG (XETRA: LHA.DE), which will go into effect after the Annual General Meeting on May 4, 2021. The Chairman of the Executive Board of Fresenius has been a member of the Lufthansa Supervisory Board since April 2015 and has chaired the Audit Committee since January 2018.

The Supervisory Board Nomination Committee has proposed that Britta Seeger fill the vacancy. The 51-year-old business economist has been a member of the Board of Management of Daimler AG (XETRA: DAI.DE) since 2017 and is responsible for Mercedes-Benz Cars Sales. The Bonn-born manager will be nominated for election at the Annual General Meeting on May 4.

The responsibility as Chairman of the Audit Committee, which is currently held by Stephan Sturm, will be transferred to Harald Krüger at the Annual General Meeting, according to the will of the Supervisory Board.

At a meeting today, the Supervisory Board also decided to extend Detlef Kayser’s (55) contract ahead of schedule for three more years until December 31, 2024.

Dr. Detlef Kayser has been a member of the Executive Board of Deutsche Lufthansa AG since January 1, 2019. As “Chief Operations Officer” he is responsible for the operational processes and fleet and infrastructure management of the Lufthansa Group along with the Group-wide “ReNew” restructuring program.

Grupo Viva Aerobus Reports Financial Results for Fourth Quarter and 2020

February 23, 2021 /

Mexico City, February 22, 2020. – Grupo Viva Aerobus today reported operating and financial results for 4Q20 and full year 2020, reflecting a recovery trend, amid the challenges of the pandemic, which began in the third quarter. This performance is the result of an adequate financial management, a strict expense control protecting the company’s liquidity and a responsible operational recovery which prioritizes health and safety for all passengers and staff.

During the 4Q, Viva Aerobus led the industry’s recovery, being the first airline in the Americas to resume 100% of its operational capacity, in November. Furthermore, Viva also consolidated as the first Mexican airline to grow its service at the end of the year by increasing its offer (available seats per kilometer) an 11% during December 2020 vs December 2019. In addition, the airline closed the year with 131 routes (103 domestic and 28 international), 12 more routes than the ones recorded at the end of 2019.

As a result of this recovery, added to an enhanced flexibility by permanently getting rid of charges for flight changes, Viva registered higher demand, closing 4Q20 with more than 2.9 million passengers, a 59% increase compared to 3Q2020. Moreover, the airline closed December with over one million of passengers registered, a similar figure reported in December 2019, before the pandemic.

This operational and passengers increase boosted the operating revenue to reach 3,237 million pesos in 4Q20, representing a 76.8% growth compared to 3Q20. Total operating revenue was composed 49% by fare revenue (1,589 million pesos) and 51% of ancillary revenue (1,647 million pesos). This revenue scheme represents the possibility that Viva Aerobus gives passengers to personalize their flights. Therefore, Viva takes care of their economy by offering low prices and giving the opportunity to pay only for what they need.

Due to this sequential increase in revenues, a positive EBITDAR was obtained for the second consecutive quarter, totaling 531 million pesos; this represented a sequential increase of 95% compared to 3Q20. Additionally, liquidity preservation stands out as attested in the cash and cash equivalents balance, recording 2,967 million pesos, a similar figure to the one reported in 3Q20. This reflects an assertive use of cash, taking advantage of an agile operational resumption, the support of the airline’s suppliers and the decisions to eliminate non-essential expenses.

These quarterly results softened the effects of the pandemic in the full year, considering that it was in the first half of 2020 when demand was most affected by the health emergency. Viva Aerobus registered more than 8.1 million annual passengers, a decrease of 32.4% compared to 2019. Consequently, total operating revenues reached 8,221 million pesos and EBITDAR totaled 946 million pesos, a 36.1% and 75.6% decrease, respectively.

To consult the full earnings report, please visit Viva Aerobus investor relations site: https://ri.vivaaerobus.com/en

Financial Indicators (MXN Million)4Q204Q19Ch. %20202019Ch. %
Total Revenue3,2373,728(13.2%)8,22112,874(36.1%)
EBITDAR*5311,122(52.7%)9463,875(75.6%)
EBITDAR Margin*16.4%30.1%(13.7 p.p.)11.5%30.1%(18.6 p.p.)
Operation (loss) income [EBIT]*(427)315(>100.0%)(2,619)935(>100.0%)
EBIT Margin*(13.2%)8.4%(21.6 p.p.)(31.9%)7.3%(39.1 p.p.)
Earnings Before Taxes (EBT)*(791)658(>100.0%)(3,881)579(>100.0%)
EBT Margin*(24.4%)17.7%(42.1 p.p.)(47.2%)4.5%(51.7 p.p.)
Net (loss) income*(558)420(>100.0%)(2,727)469(>100.0%)
Net Margin*(17.2%)11.3%(28.5 p.p.)(33.2%)3.6%(36.8 p.p.)

*Items not comparable with 2019 due to change in the functional currency conducted in 2020.

Operational Indicators4Q20*4Q19Ch. %2020*2019Ch. %
ASKs (million)4,3034,1533.6%11,67015,080(22.6%)
RPKs (million)3,4003,642(6.6%)9,39313,374(29.8%)
Total Passenger (thousands)2,9453,282(10.3%)8,12312,019(32.4%)
Load Factor (%)79.0%87.7%(8.7 p.p.)80.5%88.7%(8.2 p.p.)

Boeing Begins T-7A Red Hawk Advanced Trainer Production

February 23, 2021 /

ST. LOUIS, Feb. 23, 2021 — A new era in aircraft design and build has begun as the first U.S. portion of the T-7A Red Hawk advanced trainer has officially entered the Boeing [NYSE: BA] jet’s state-of-the-art production line.

The training jet, designated the eT-7A Red Hawk by the U.S. Air Force because of its digital heritage, was fully designed using 3D model-based definition and data management systems developed at Boeing during the last two decades. The T-7A Red Hawk employed the digital engineering and design of the Boeing T-X aircraft that went from firm concept to first flight in just 36 months.

The Advanced Pilot Training System also incorporates leading-edge ground-based live and virtual simulators to give students and instructors a “real as it gets” experience.

In September 2018, the U.S. Air Force awarded Boeing a $9.2 billion contract to supply 351 advanced trainer aircraft and 46 associated ground-based training simulators. Saab is teamed with Boeing on the trainer and provides the aft fuselage of the jet.

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.

Leonardo Technology Chosen for Milan, Italy Airport Systems

February 13, 2021 /

Leonardo has strengthened its market position in the airport sector by signing contracts with SEA and SACBO, the respective management companies for Milan Malpensa and Milan Bergamo airports. Malpensa and Bergamo are the second and third busiest airports in Italy.

At Milan Malpensa, Leonardo will replace most of the existing baggage handling infrastructure with a high-tech new system. This will bring the Terminal 1 baggage handling system in line with the new European Civil Aviation Conference (ECAC) ‘Standard 3’, which requires baggage to be subject to rigorous security checks prior to being loaded onto the aircraft. Components of the system will be replaced gradually in order to ensure continuity of services for passengers.

Once fully operational, the system will comprise two MBHS® (Multisorting Baggage Handling System) cross-belt sorters, approximately two and a half kilometres of belts and associated equipment. The new technology will seamlessly interface with the existing system, ensuring that baggage is identified and tracked right from the collection phase at check in and transfers, through to delivery to the final sorting system.

SEA has also chosen Leonardo to provide a surveillance system at Milan Malpensa, primarily to support the management of aircraft and other vehicles in the ground manoeuvring area. The five-year project is based on an “Extended Squitter – Ground Station Network” ADS-B (Automatic Dependent Surveillance – Broadcast) system: 14 fixed stations integrated with 100 VeTWEET transponders on-board airport vehicles. The solution will include a redundant communication system based on the Aeronautical Mobile Airport Communication System (AeroMACS), a wireless broadband technology. AeroMACS has been developed under the SESAR (Single European Sky ATM Research) joint R&D initiative, the technological pillar of Europe’s ambitious Single European Sky (SES) initiative. The innovative technology being supplied by Leonardo is fully compliant with the specifications defined by the International Civil Aviation Organization (ICAO) for a “Mission Critical” environment such as an airport.

In another new contract, Leonardo’s technology has also been chosen by management company SACBO to bring the baggage handling system at Milan Bergamo airport in line with ECAC ‘Standard 3’. This new system will include a Leonardo MBHS® cross-belt sorting machine, providing for the smooth and accurate handling of baggage.

Leonardo is committed to supporting and protecting people and communities all over the world and contributing to sustainable growth via latest-generation technologies, including those in air traffic management and airport logistics. In line with its “Be Tomorrow 2030” strategic plan, the company works towards these goals alongside governments, individuals and industrial partners nationally and internationally.

SEA continues to invest in technology to make passenger journeys ever safer and faster.

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