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Tag: sustainability (Page 4 of 5)

Alaska Airlines Offers Devoted Customers More Air and Ground Benefits

  • New promotions reward loyal guests with quicker ways to earn elite status and more miles

Starting today, Alaska Airlines customers and members of the award-winning Mileage Plan have three new promotions to enjoy. In addition to guaranteeing 2020 elite status through 2021, the airline is extending a 50% bonus of elite qualifying miles for flights taken through the end of the year. Plus, for the first time ever, Alaska Airlines Visa® cardholders can use their card to earn elite qualifying miles, and consumer cardholders can earn double miles for qualifying restaurant purchases.

“We are thankful to our loyal guests for their support during this unprecedented time,” said Ryan Butz, Alaska’s managing director of loyalty. “In addition to continuing to offer flexibility and assurance when booking flights, members can now earn miles and status when using our Alaska Airlines Visa credit card. We look forward to seeing our guests onboard when the time is right and hope this promotion can aid local restaurants and economies.”

50% Bonus of Elite Qualifying Miles – Limited Time Offer

  • For all flights completed June 1 through Dec. 31, 2020, Alaska Airlines Mileage Plan members will receive a 50% bonus of elite qualifying miles to help earn higher elite status more quickly. (*Registration isn’t required for this special, limited time offer.)

Alaska Airlines Visa Cardholders – First Time Limited Time Offers

  • Earn toward status while you spend. Cardholders can earn 2,500 elite qualifying miles for every $5,000 spent on purchases with an Alaska Airlines consumer or business Visa card from June 1 through Sept. 30, 2020, up to a maximum of 10,000 elite qualifying miles per cardholder. 
  • Want to support your favorite local restaurants? Alaska Visa consumer cardholders can earn two miles for every dollar spent, up to $1,500, at restaurants and take-out, including delivery services from June 1 through July 31, 2020.

Alaska’s Mileage Plan features 16 global partners, which fly to more than 800 destinations around the world. 

Alaska Airlines and its regional partners serve more than 115 destinations across the United States and North America, providing essential air service for our guests along with moving crucial cargo shipments, such as food, medicine, mail and e-commerce deliveries. With hubs in Seattle; San Francisco; Los Angeles; Portland, Oregon; and Anchorage, Alaska, the airline is known for low fares, award-winning customer service and sustainability efforts. With Alaska and its Global Partners, guests can earn and redeem miles on flights to more than 800 destinations worldwide.

Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).

Sydney Light Rail Commences Revenue Service

  • Light Rail returns to the heart of Sydney

Alstom congratulates Transport for New South Wales (TfNSW), on the opening of the CBD and South East Light Rail project and the start of revenue service, returning Light Rail back down Sydney’s George St for the first time in more than 60 years.

Alstom, as part of the ALTRAC Light Rail consortium[1], has been responsible for the integrated light rail system that included the design, delivery and commissioning of 60 Citadis X05 Light Rail Vehicles (LRV), power supply equipment including APS – the wire-free ground-based power supply (over two kilometres), the energy recovery substations – HESOP, signalling, communications, depot equipment and 19 years of maintenance. 

The new 12km network has been delivered under a turnkey PPP model that will provide the commuters of Sydney with frequent, reliable, high capacity services running from Circular Quay in the city’s CBD to Central Station, then south east to Randwick. Each LRV has a capacity of 450 passengers – the equivalent of nine standard buses and will move up to 13,500 commuters per hour (6,750 in each direction) during peak times once fully operational. Normal tram services will operate seven days a week between 5am and 1am.

As part of the contract, the consortium has also taken over the operations and maintenance of the existing Inner West Light rail (IWLR) that connects Sydney’s inner west with the Pyrmont peninsula, Darling Harbour and the southern CBD. Alstom is also responsible for the maintenance of the existing system which includes 12 CAF Light Rail Vehicles.

“Alstom is extremely proud to be a part of this iconic project” said Mark Coxon, Managing Director for Alstom in Australia & New Zealand, “This new Light Rail system will transform Sydney and provide a step change in the city’s public transport capability and reliability while protecting the aesthetic appeal of the CBD and improving sustainability of the overall transport network” 

[1] Made up of Alstom, Transdev, Acciona and Capella

Air France-KLM Orders Additional 10 Airbus A350 XWB’s

The Air France-KLM Group has decided to place a firm order for 10 additional widebody A350-900’s, which will take its total order for the type to 38 aircraft.

By acquiring the industry’s most efficient and technologically advanced widebody aircraft, the airline will benefit from a significant reduction in fuel burn and CO2 emissions. The A350 XWBs are intended to be operated by Air France. 

“Rationalising and modernising the fleet is central to our effort to regain our leading position in Europe,” said Benjamin Smith, CEO of Air France-KLM Group. “It will strengthen our performance from both an economic and operational standpoint, and will help us deliver on our ambitious sustainability agenda. Offering a 25% reduction in fuel consumption compared to previous-generation aircraft, the Airbus A350-900 is a jewel of European expertise and a passenger favorite. We are excited to see it become a core asset of the Air France fleet.”

“Ben is leading an impressive transformation at Air France-KLM and we feel honoured that our A350 XWB aircraft have been selected as part of this endeavor,” said Guillaume Faury, Airbus Chief Executive Officer. “We sincerely thank Air France-KLM for the confidence placed in us.”

Air France-KLM currently operates a fleet of 159 Airbus aircraft.

The A350 XWB features the latest aerodynamic design, a carbon fibre fuselage and wings, plus new fuel-efficient Rolls-Royce engines. Together, these features translate into unrivalled levels of operational efficiency with a 25% reduction in fuel burn and emissions. The A350 XWB’s Airspace by Airbus cabin is the quietest of any twin-aisle and offers passengers and crews the most modern in-flight products for the most comfortable flying experience. By the end of November, the A350 XWB Family had received 959 firm orders from 51 customers worldwide, making it one of the most successful widebody aircraft ever.

Hawaiian Airlines Launches Design Collaboration with Kealopiko

Collection of amenity kits and travel products celebrate Hawai’i’s culture and environment

HONOLULU, Nov. 19, 2019 /PRNewswire/ –– Hawaiian Airlines (HA) has teamed up with Moloka’i-based brand Kealopiko to launch a new line of in-flight amenities carrying a message of sustainability. Starting Nov. 26, guests traveling between Hawai’i and the carrier’s international and select U.S. mainland destinations will relax with amenities and soft goods adorned with coral and fern patterns that pay homage to Hawai’i’s delicate natural resources.

The exclusive collection reflects the two companies’ shared commitment to perpetuate Hawaiian culture, care for the environment and steward island visitors. Named ‘Ēkaha – the Hawaiian name of black coral representing a thriving coral reef, as well as the bird’s nest fern, an indicator of a healthy rainforest – the line alludes to the deep, symbiotic relationship between the land and sea.  

“This collaboration gave us and Hawaiian Airlines an opportunity to design a beautiful collection that also shares a significant moʻolelo (story),” said Jamie Makasobe, co-owner of Kealopiko.

Kealopiko was founded by three women passionate about sharing the rich culture of Hawai’i, protecting the environment and operating as an eco-conscious brand. The company’s production is done in a small shop on Moloka’i, where organic materials are sustainably dyed, cut and sewn by hand before being sold online or in its downtown Honolulu store. Each of their designs honors indigenous wildlife, language, practices, aliʻi (royalty), kūpuna (elders and ancestors), and moʻolelo (stories and history).

“Embarking on this redesign, we knew we wanted a partner who could help us tell the stories of our island home,” said Avi Mannis, senior vice president of marketing at Hawaiian Airlines. “Kealopiko is a natural fit. Their sustainable production and bold, contemporary design align with our values and complement the flight experience we want to offer our guests.”

International Business Class and JFK/BOS First Class guests will be given a Hawaiian Airlines-branded canvas clutch, available in two different colorways, with the coral print and a coconut shell button. International guests seated in Extra Comfort will receive a natural felt pouch with a wood tag engraved with the ‘Ēkaha story.

Both kits include the following amenities:

  • Bamboo comb 
  • Comfortable socks with Hawaiian Airlines “slipper” design (international Business Class and JFK/BOS First Class only) 
  • Dental kit including a bamboo toothbrush with charcoal bristles and toothpaste 
  • Earbuds (international Extra Comfort only) 
  • Earplugs 
  • Hand and body balm, lip balm and hydrating mist from the airline’s private skincare line Lōli’i 
  • Premium sleep mask 
  • Sample packet of Raw Elements USA reef-safe sunscreen, which Hawaiian, the sun care company’s official airline partner, introduced onboard in April 2018. 
  • Packet of tissues

Guests seated in the Main Cabin on international flights, First Class on North America red-eye flights, and First Class on Papeete and Pago Pago will receive a coral print kraft paper pouch with earplugs, earbuds and a sleep mask in one of three collectible, Hawai’i-inspired designs.

All amenity kits feature eco-friendly paper packaging, furthering Hawaiian’s effort to reduce single-use plastics in its fleet and throughout its operations.

“Our partnership with Kealopiko advances our company’s progress to reduce waste, bring sustainability into our cabin, and encourage our guests to join us in taking care of our environment,” added Mannis.

In addition to designing Hawaiian’s in-flight products, Kealopiko is releasing a limited ‘Ēkaha Collection clothing line. The apparel will be available for purchase beginning on Black Friday (Nov. 29) in-store or online at www.kealopiko.com. Kealopiko will donate a percentage of the sales – with Hawaiian Airlines matching up to $10,000 – to Kuaʻāina Ulu ʻAuamo, a local nonprofit that works to advance community-based natural resource management in Hawai’i.

“The special part of this partnership is being able to honor the elements of Hawai’i [through the design] and also contribute to the continued work that is occurring within our communities for the well-being of our island home,” said Makasobe.

Boeing, Etihad Airways Select 787 Dreamliner for Strategic Partnership, Environmental Collaboration, Services Agreements

  • Etihad’s ‘Greenliner’ to serve as platform for testing ways to reduce fuel use and emissions
  • Multiple services agreements would support even more efficient 787 operations at Etihad

DUBAI, United Arab Emirates, Nov. 18, 2019 /PRNewswire/ — Boeing (NYSE: BA) and Etihad Airways announced today that one of the airline’s 787 Dreamliner airplanes will serve as a flying laboratory for testing procedures and initiatives that could further reduce fuel consumption and carbon emissions, as a part of a growing partnership to advance the sustainable growth of aviation.

“Innovation, productivity and sustainability are core values and objectives of Etihad Airways and of Abu Dhabi  said Tony Douglas, Group Chief Executive of Etihad Aviation Group, at the 2019 Dubai Airshow. “The Boeing 787 Dreamliner is a key enabler of all three.”

The specially-themed 787 will enter service early next year and operate regular flights in Etihad Airways’ network, while periodically serving as a test bed for assessing environmental sustainability initiatives. The project builds on Etihad’s ample experience with the super-efficient airplane.

“The 787 Dreamliner and its track record of environmental performance makes it the perfect platform to advance our industry’s commitment to sustainable growth,” said Stan Deal, president and chief executive officer of Boeing Commercial Airplanes. “We look forward to continuing our collaboration with Etihad Airways to identify more opportunities to improve efficiency across commercial aviation.”

Beyond the environmental testing on the airplane, the two companies will build on the technical capabilities that Etihad Airways has developed while maintaining its own Dreamliner fleet and that of other operators. As part of the strategic partnership, the companies are discussing several areas where they can work together to improve operational efficiency.

Boeing and Etihad Airways also announced that Boeing will provide multiple services for the airline’s Dreamliner fleet, including the Component Services Program, Landing Gear Exchange, and High-Value Components Exchange, programs that help an airline simplify asset and maintenance management, reduce spare parts costs while improving parts availability. The agreements also include a customized material parts package and three Quick Engine Change (QEC) kits that enable Etihad to quickly return an airplane to service if an engine needs to be repaired or replaced.

“Boeing’s global supply chain footprint will allow ready access to parts, support and services, when and where it’s needed,” said Ted Colbert, president and chief executive officer of Boeing Global Services. “We are proud to partner with Etihad Airways to increase maintenance efficiency and maintain aircraft operability.”

These agreements build upon a history of partnership between the two companies. Both are members of a research consortium to encourage the development of sustainable aviation fuels in the region.

Save Our Malayan Tiger Campaign Set to Roar with AirAsia

SEPANG, 13 November 2019 – AirAsia has unveiled a special ‘Save our Malayan Tiger’ aircraft livery in support of the government’s campaign to save the fast-disappearing Malayan tiger.

The ‘Save Our Malayan Tiger’ livery forms part of AirAsia’s ongoing sustainability efforts to support conservation and environmental programs, and would encourage millions of people to pledge their support for the cause.

The Airbus A320 aircraft livery was unveiled by the Minister of Water, Land and Natural Resources Yang Berhormat Dato’ Dr Xavier Jayakumar alongside AirAsia Group CEO Tony Fernandes, AirAsia Group President (Airlines) Bo Lingam and AirAsia Malaysia CEO Riad Asmat here in Sepang today.

AirAsia Group Head of Global Affairs & Sustainability, Shasha Ridzam said, “Malayan tigers are a majestic symbol of strength and part of our national identity. We would never want our children to grow up in a world where the Malayan tiger exists only as an image on the coat of arms. That is why we must play our part in protecting them. I hope this new livery helps to bring the government’s wildlife conservation campaign to life.” 

AirAsia Group CEO Tony Fernandes also added, saying, “Congratulations to the Ministry of Water, Land and Natural Resources for taking proactive measures in protecting our Malayan tigers, and we’re proud to be able to do our part in helping this campaign.”  

Minister of Water, Land and Natural Resources YB Dato’ Dr Xavier Jayakumar said, “We are proud to take the Save Our Malayan Tiger and Hutan Kita campaigns to new heights with AirAsia. The alarming decline of our national symbol is clear evidence that we need to do more when it comes to conserving our tigers. Our Hutan Kita campaign is an important cause as well, as without our forests, there will be no tigers and wildlife. We hope with AirAsia’s support, we will further raise the awareness on these important messages not just in Malaysia but in the region as well and be the vehicle of change for our tigers.”

AirAsia has also extended its support to the Ministry of Water, Land and Natural Resources’ environmental campaigns by sponsoring return flights for 10 orang asli to attend the Hutan Kita Exhibition Launch in August 2019, in addition to supporting a visit to the National Wildlife Rescue Center (NWRC) in Sungkai, Perak for its Allstars in October 2019.

AirAsia’s sustainability efforts include guest education, carbon reduction and waste management, the collection and separation of recyclable items on board and community-based tourism programmes such as JourneyD. AirAsia also fosters social enterprise initiatives across Asean through its philanthropy arm, AirAsia Foundation.

Helvetic Airways Receives its First Embraer E190-E2 Jet

Zurich, Switzerland, October 31st, 2019 – In ceremony held at its headquarters in Zurich, Switzerland, Helvetic Airways officially received its first E190-E2 jet from Embraer. The airline has a contract for a firm order of 12 jets of this model, and purchase rights for a further 12 E190-E2, with conversion rights to the E195-E2, bringing the total potential order up to 24 E-Jets E2s.

“As the only Swiss airline to operate Embraer aircraft, Helvetic Airways already stands out from the competition,” said Martyn Holmes, Vice President Europe, Russia & Central Asia, Embraer Commercial Aviation. “And, with our state-of-the-art E190-E2, it now has the perfect aircraft, in terms of environmental sustainability and to maximize the profitability of its flight operations.”

Helvetic Airways CEO Tobias Pogorevc is pleased to have achieved this milestone. “After more than eighteen intensive months,” he commented, “it’s a sense of accomplishment that we feel most today. With the E190-E2, Helvetic Airways is entering a truly new era. Our state-of-the-art twinjet will make us one of Embraer’s leading European operators. And it gives us just the modern and environmentally friendly aircraft we need to continue our development.”

This E190-E2 aircraft marks the start of Helvetic’s fleet renewal program. The purchase rights for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities. Helvetic Airways is configuring the E190-E2 in a single class layout with 110 seats and will deploy the aircraft on several domestic and international routes.

The E190-E2 is the first of three new aircraft types that make up the Embraer E2 family of aircraft, developed to succeed the first-generation E-Jets. Compared to the first-generation E190, the E190-E2 burns 17.3% less fuel and nearly 10% less than its direct competitor. This makes it the most efficient single-aisle aircraft on the market. The E190-E2 brings more flexibility with maximum range of up to 3,293 miles (5,300 km), about 621 miles (1,000 km) more than the first-generation E190.

The E190-E2 also generates significant savings for airlines in terms of maintenance costs. It has the longest maintenance intervals with 10,000 flight hours for basic checks and no calendar limit in typical E-Jets utilization. This means an additional 15 days of aircraft utilization over a period of ten years.

Pilots of the first-generation E-Jets require only two-and-a-half days of training without the need for a full flight simulator in order to fly the E2, which decreases the training burden and saves both time and money for the airlines. The E2 cockpit features advanced Honeywell Primus Epic 2 integrated avionics. Combined with the closed-loop fly-by-wire controls, the systems work together to improve aircraft performance, decrease pilot workload and enhance flight safety.

From the passenger’s perspective, the E2 cabin features a comfortable two-by-two layout. The absence of a middle seat enables passengers to have an enjoyable flight experience with more legroom and additional luggage storage space.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers across the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 80 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline network carriers.

Delta TechOps and Austrian Airlines Sign Multi-Year Exclusive Engine Maintenance Agreement

Delta TechOps and Austria’s largest carrier, Austrian Airlines, announced the signing of an engine maintenance agreement at the MRO Europe conference in London. The exclusive agreement covers PW4060 engine maintenance for up to six years supporting the airline’s Boeing 767 fleet. 

As the maintenance division of Delta Air Lines, Delta TechOps has numerous years of experience both operating and maintaining PW4000 engines. Delta TechOps will conduct scheduled full overhaul shop visits. In addition to regularly scheduled maintenance on these engines, Delta TechOps will support any unscheduled engine work as required. 

“Our common vision of a good business relationship relies on enthusiasm, team spirit, sustainability, fairness and efficiency, which can only be achieved by consistent communication and shared passion for what we are doing,” said Michael Xavier Kaye, Austrian Airlines’ Vice President — Technical Operations. “With Delta Air Lines, we found a strong partner as passionate and enthusiastic as Austrian Airlines, with an experience in the services of PW4000 engines, which is second to none.”

“We are pleased that Austrian Airlines selected Delta TechOps for their PW4000 engine maintenance,” said Mike Moore, Delta TechOps’ Senior Vice President — Maintenance Operations. “We look forward to working with them in the coming years and hope to continue to support them with technical requirements the team may have going forward.”

Delta TechOps is the largest airline maintenance, repair and overhaul provider in North America. Its customers laud its reputation for high quality service. In addition to supplying maintenance and engineering support for Delta’s fleet of more than 900 aircraft, Delta TechOps serves more than 150 other aviation and airline customers around the world. The organization specializes in high-skill work such as engines, components, hangar and line maintenance. Delta TechOps employs more than 11,000 maintenance professionals and is one of the world’s most-experienced providers with more than 90 years of aviation experience.

Air New Zealand Entices Walmart Boss Home to Lead Airline

Greg Foran, president and CEO of Walmart U.S., smiles after speaking about the company’s Black Friday plans at a Walmart store in Secaucus, New Jersey

(Reuters) – Air New Zealand Ltd <ANZLY> named Walmart U.S. boss Greg Foran as its new chief executive on Friday, bringing him back home at a time the airline is trying to control costs in a lower-growth environment.

New Zealand-born Foran is credited with turning around Walmart Inc’s <WMT.N> U.S. business as its president and CEO since 2014, with the unit reporting 20 quarters of comparable sales growth under his leadership.

Air New Zealand Chairman Therese Walsh said the carrier was “thrilled to have attracted a world class Kiwi back home.”

“Greg has an impeccable track record in delivering strong commercial performance, outstanding customer focus and in building teams that can take a business to the next level,” Walsh said in a statement.

Grant Williamson, investment adviser at Hamilton Hindin Greene in Christchurch, said snagging Foran was a coup for the carrier.

“In the short term, it’s not going to have a major impact on earnings, there’s bigger things moving in the background like oil prices and global growth,” Williamson said. Air New Zealand shares were marginally higher at NZ$2.85 on Friday.

“But in terms of someone to have a steady hand on the wheel for Air New Zealand going forward, I don’t think they could do much better,” Williamson added.

Foran, who boosted Walmart’s sales by focusing on improving existing stores to keep costs and prices low, said he looked forward to building on Air New Zealand’s competitive advantage in customer focus and care.

The airline is known overseas for its quirky safety videos and consistently ranks highly in global airline customer surveys.

Foran will join Air New Zealand in the first quarter of next year, replacing Christopher Luxon who departed last month after seven years in the role. Luxon, a former Unilever executive, had also joined the airline after a career in fast-moving consumer goods.

During Luxon’s tenure, the carrier was recognised globally as an industry leader for its focus on innovation, environmental sustainability and diversity in hiring.

However, it has more recently faced challenges from a higher fuel bill and weak travel demand, leading the national carrier to report a 31% fall in annual profit in August.

Air New Zealand Chief Revenue Officer Cam Wallace, who had been an internal contender for the top job, according to sources with knowledge of the matter, welcomed the appointment on Twitter.

Foran will remain at Walmart until Jan. 31, when he will be replaced by the head of its Sam’s Club warehouse chain, John Furner.

“While we’ve been highly impressed with Mr. Furner’s work at Sam’s Club… he does admittedly have big shoes to fill,” said a note from Jefferies Group LLC <JEF.N>. “We can’t help but expect the market to react negatively to today’s news.”

(Reporting by Jamie Freed in Singapore and Devika Syamnath in Bengaluru, additional reporting by Nandita Bose in Washington; Editing by Sandra Maler and Jane Wardell)

Alstom to supply 42 Metropolis trains for Barcelona Metro

(from left to right): Sergio Boya, Alstom Spain, Miguel Angel Martin, Director, BCN trains Manufacturing Site, Maria Rosa Alarcón Montañés, Chair TMB, Gerardo Lertxundi Albéniz, Chief Executive Officer TMB

A contract worth over €260 million in Spain 

7 October 2019 – Alstom has signed a contract with Barcelona Metro operator TMB (Transports Metropolitans de Barcelona) to supply 42 Metropolis trains to replace those currently running on lines 1 and 3 of the network. The contract[1], valued at over €260 million, includes the design, manufacturing and commissioning of the trains. The five-car trains will be manufactured in Alstom’s Barcelona site and delivered to TMB within two and a half years. 

“Alstom is honoured by this sign of confidence from TMB. The expertise and innovation capabilities of our teams are fully mobilised to support the plan to modernise Barcelona Metro for the benefit of passengers. Carrying over 400 million passengers per year, the Barcelona network is one of the most efficient and modern in Europe. With our trains, we aim to help TMB in the development of efficient and sustainable mobility that responds to the current and future needs of all passengers,” said Gian Luca Erbacci, Senior Vice President of Alstom in Europe. 

“With the withdrawal of the oldest fleet, we accelerate a process of renovation that will increase service reliability, sustainability and passenger comfort in two of our most frequented Metro lines, in a context of maximum demand for the collective transport of Barcelona, upon the entry into force of the low-emission zone.  This is the most important rolling stock acquisition in the history of TMB,” said Rosa Alarcón, President of TMB, during the signature of the contract.

According to the specifications, the new Metropolis trains will meet strict sustainability criteria; light structure, low energy consumption, high levels of recoverability and recyclability, technical reliability and ease of maintenance. The trains will also be equipped with remote sensors for optimal maintenance. 

Alstom also puts the passenger at the heart of its design process. The trains for Barcelona will be built with the comfort of passengers in mind, offering accessibility, wide doors and spaces to facilitate passenger flow, acoustic comfort, vibration mitigation and passenger information in real time. Both external an internal design features will remain faithful to the TMB brand but will also add new visual elements that reflect the identity of Barcelona, ​​such as graphics on the doors that represent Barcelona’s urban landscape. 

The new trains for Barcelona will benefit from the experience and reliability of Alstom’s Metropolis range, currently in circulation on lines 9 and 10 of the Barcelona Metro, incorporating innovative technological solutions and meeting TMB’s requirements in terms of reliability, availability, safety and comfort.  Alstom has more than 65 years’ experience in the production of metros, having sold over 17,000 metro cars operating in 55 cities worldwide and carrying 30 million passengers every day. 

[1] Booked in Q2 of current fiscal year

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