Tag: World (Page 4 of 21)

Fiji Airways announces Noumea as its newest international destination

September 18, 2023 / WIL BALDWIN

Fiji Airways, Fiji’s National Airline, is proud to announce that New Caledonia’s capital, Noumea is our newest international destination.

The company confirms that Fiji has an existing Air Service Agreement (ASA) which allows Fiji Airways to provide services in French territories.

The first flight to La Tontouta International Airport in Noumea will be on Thursday 30^th November and starting 7^th December, the national carrier will fly twice weekly, every Monday and Thursday.

Fiji Airways is the perfect hub for guests out of New Caledonia, providing a comprehensive network of onward connections to North America, Asia, as well as other Pacific Island countries.

With the introduction of these new services, Fiji Airways will be flying directly to 26 destinations around the world.

Noumea is the third new market added to our network since international borders opened in December 2021.

The airline brings in 70 percent of all visitor arrivals into Fiji, and is the largest foreign exchange earner for the economy.

Turkish Airlines places order for ten additional Airbus A350-900

September 7, 2023 / WIL BALDWIN

Toulouse, France, September 6, 2023 – Turkey’s national flag carrier, Turkish Airlines, has announced a new order for 10 additional Airbus (OTC: EADSY) A350-900 aircraft, taking its total for the type to 40. This latest Turkish Airlines agreement is in addition to one announced in August for four A350-900’s, with th air carrier already operating a fleet of 14 A350-900’s.

At the end of July, the A350 had won over 1,000 orders from leading carriers from around the globe. The A350 is the world’s most modern and efficient widebody aircraft and the long range leader in the 300-410 seater category. Its clean sheet design includes state-of-the-art technology, aerodynamics, lightweight materials and new engines that together deliver 25 percent advantage in fuel burn, operating costs and CO2 emissions. The airplane also demonstrates a 50 percent noise footprint reduction compared to the previous generation of Airbus aircraft.

Garmin expands xHD3 series with new magnetron dome radars

September 6, 2023 / WIL BALDWIN

Olathe, Kansas, September 6, 2023, PR Newswire – Garmin (NYSE: GRMN), the world’s most innovative and recognized marine electronics manufacturer, today announced the addition of two radars to the magnetron lineup, the GMR^™ xHD3/HD3 dome radar series. These new radars provide high-definition imaging and the latest platform technology to give boaters, sailors and anglers extra peace of mind on the water.

Now available in an 18” or 24” model, the xHD3 dome radar series adds new premium features for maximum clarity and awareness on the water:

Scan Averaging – a first for Garmin magnetron dome radar – to help filter sea clutter and interference, delivering a clearer display.
Target Size optimizes on-screen object shapes at all range scales through pulse expansion and angular processing.
True Echo Trails shows a historical “trail” of boats on the water, removing relative motion influence to help quickly identify moving targets and potential collision threats.
Rotation Speed up to 60 rpm to improve the redraw rate for faster target updates on a multifunction display (MFD).

GPSMAP 923xsv and GMR 18 HD3 Dome Radar Product Renders

Norse Atlantic Airways Q2 report shows strong growth momentum going into Q3 2023

September 1, 2023 / WIL BALDWIN

CEO, Founder and largest shareholder, Bjorn Tore Larsen:

“Q2 marked a significant period of ramping-up as we inaugurated new destinations in the US and Europe. Additionally, more of our fleet of fuel efficient Boeing 787 Dreamliners were brought into production. By the end of Q2 the airline had more than doubled capacity, with June being our first month of increased production, and notably our first month generating bottom line profits.

Q3 is expected to be our first financial quarter generating a profit. The move to profitability is driven primarily by having all 15 aircraft generating revenue for the first time, from July 1st; 10 of which are operating for Norse and five generating revenue through sublease income.

A milestone was passed during Q3 as we surpassed one million booked passengers. By providing affordable air fares on competitive and established routes to key primary airports and destinations, we allow more people to explore the world and enjoy the experience of long-haul travel whether for leisure or business. Norse will be the first truly low-cost profitable long-haul airline”.

For further information please see Q1 2023 report and company update presentation attached.

• Revenue increased by 152% quarter-on-quarter (“QoQ”) to USD 100.1 million

• 204,564 passengers carried, up 86% QoQ

• Revenue per passenger increased 89% QoQ to USD 422

• Available Seat Kilometres (ASK) up by 51% QoQ due to planned ramp-up as Norse brought more aircraft into production

• Positive EBITDAR of USD 2.2 million, the first positive EBITDAR on a quarterly basis since inception of the Company

• Intra-quarter Norse recorded its first profitable month (June) and continued positive momentum

into Q3

• Load factors showed strong development during the quarter, with monthly average load factors of 67%, 72% and 82% in April, May and June respectively. The positive development continued post quarter end with an average load factor of 85% in July

• USD 19.0 million cash generated from operations in the quarter, an increase of USD 39.8 million QoQ

• Total cash held at quarter end of USD 59.1 million

• As communicated in November 2022 in relation to a private placement at the time, Norse made good on its promise to shareholders that it would perform a repair offering, which it completed during the quarter, raising NOK 150 million gross (USD 14.1 million)

• Norse upgraded to Euronext Expand at Oslo Stock Exchange, a regulated market, during the quarter

• Heavy increase in production through Q3 compared to Q2 with all Norse aircraft generating revenue for the first time from 1st July 2023

Rolls-Royce pioneering electrification in aviation at scaleRolls-Royce

September 1, 2023 / WIL BALDWIN

At Rolls-Royce (OTC: RYCEY), we aim to lead the Advanced Air Mobility market and achieve the world’s first certification of an electric engine for commercial aircraft by the mid-2020s. Light aircraft are already flying with electric propulsion, demonstrating the technological possibilities for the decarbonisation of large aviation in the future, if we can develop at scale.

In 2022, Rolls-Royce Electrical launched a dedicated programme that will enable us to achieve the levels of mass production needed to support the industry, embedding industrialisation within our electric propulsion product portfolio.

To do this, the programme is focussed on developing the right capabilities within the business’s core functions: supply chain, manufacturing, quality and services. As such, our core industrialisation team is working in close collaboration with a new product introduction projects team to ensure that any under-development electric drive technologies and systems can be sourced, manufactured and serviced at scale.

Rolls-Royce supply chain teams are responsible for sourcing partners to produce materials that will not only uphold the highest of aviation safety standards but that can be sourced and brought to the assembly line affordably and at pace, ready to support mass production.

Once chosen, the supply chain team also support our engineers by working hand-in-hand with suppliers throughout the product’s design to ensure that customer needs are met.

Australia’s Qantas to secure new airplanes from both Airbus and Boeing

August 23, 2023 / WIL BALDWIN

(Reuters) – Australia’s Qantas Airways (OTC: QABSY) on Thursday announced an order for 24 widebody aircraft, the final piece of the company’s jet fleet renewal program, and said the move is aimed at replacing its current Airbus A330 and Airbus A380 aircraft.

The multi-billion dollar order is split between 12 Airbus (OTC: EADSY) A350’s and 12 Boeing (NYSE: BA) 787’s, which will arrive from fiscal 2027 and into the next decade, Qantas said.

As a part of the deals, …

Click the link below to read the full story!

https://finance.yahoo.com/news/qantas-secures-planes-airbus-boeing-231238987.html

Hilton Plans to More Than Quadruple its Presence in Saudi Arabia

August 13, 2023 / WIL BALDWIN

Riyadh, Saudi Arabia – As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA). Hilton has accelerated its growth strategy in Saudi Arabia in recent years, announcing multiple signings as the company works towards its plans to increase its portfolio to more than 75 trading properties across the country.

The latest of these signings include Conrad Hotels & Resorts entry into the heart of the Saudi capital with Conrad Riyadh Laysen Valley, which is set to open in 2025. Hilton’s growth continues in secondary cities, with the recent signings in Abha, Hilton The Point Residences and Canopy by Hilton The Point, both due to open in 2026.

Conrad Riyadh Laysen Valley

In partnership with Mashareq Investment, Hilton plans to bring its second Conrad Hotels & Resorts property to Saudi Arabia. The 170-key Conrad Riyadh Laysen Valley will bring the brand’s bold design, impactful experiences, and curated contemporary art to inspire travellers throughout their stay. Featuring world-class amenities, purposeful service and guest facilities, the modern, luxury hotel is expected to open in 2025 opposite the city’s diplomatic quarter at the heart of the Laysen Valley development, one of Riyadh’s most prominent high-end, mixed-use real estate projects.

Latest Hotel Signings for Saudi Arabia include:

Waldorf Astoria Riyadh Diriyah – the iconic 200-room hotel, expected to open in 2028, will be located in a prime position within Diriyah, surrounded by high-end restaurants, luxury retail stores, residences, art galleries and museums.
Wadi Hanifah, LXR Hotels & Resorts – this secluded retreat, expected to open in 2026, will house 80 immaculately designed guest rooms and enchanting villas, offering Diriyah visitors a lush escape of tranquility and relaxation.
Canopy by Hilton Al Khobar Ajdan Waterfront – The 120-guest room hotel, expected to open in 2026, is ideally located on the corniche, adjacent to Boulevard Ajdan, the high-end shopping and entertainment destination.
DoubleTree by Hilton Jeddah Al Andalus Mall – the 164–guest room hotel attached to the Jeddah Al Andalus Mall is due to open next year.
DoubleTree by Hilton Jeddah Al Marwah – this 178-guest room hotel will be located within close proximity to the King Abdulaziz International Airport, and on the corner of the bustling Hira Street.
Hampton by Hilton NEOM Community – expected to open later this year, Hampton by Hilton NEOM Community will feature 201 guest rooms.
Hampton by Hilton Hafr al-Batin – will feature 150 guest rooms and is due to open in 2026.

Hilton currently operates 16 hotels in Saudi Arabia, including Waldorf Astoria Jeddah – Qasr Al Sharq, Conrad Makkah, and Hilton Riyadh Hotel & Residences. Its development pipeline of more than 50 properties includes the introduction of new brands like LXR Hotels & Resorts, Canopy by Hilton, Embassy Suites by Hilton, and Hampton by Hilton.

South African Airways Deepens footprint in the USA and Canada

August 6, 2023 / WIL BALDWIN

Johannesburg, August 6, 2023 – South African Airways (SAA) is expanding its reach into North America through the appointment of a General Sales Agent (GSA) for the region. The appointed agent, Discover the World (DTW) will sell passenger space on behalf of South Africa’s national flag carrier.

This partnership is expected to see the airline grow revenue across North America by raising awareness with more trade and corporate partners.

SAA’s Chief Executive Officer, Prof. John Lamola said the move is part of the airline’s long-term growth strategy that is yielding fruit. Prof. Lamola says activating the partnership with DTW in North America is another strong sign that the airline is regaining its international stature.

Surf Air Mobility Announces the Successful Completion of Southern Airways Acquisition

August 6, 2023 / WIL BALDWIN

Los Angeles, California – August, 2023 – Surf Air Mobility Inc. (SAM), a regional platform aiming to sustainably connect the world’s communities, announced that the it has completed the acquisition of Southern Airways (“Southern”) immediately prior to its listing on the New York Stock Exchange under the ticker symbol SRFM on July 27, 2023. The combination of Surf Air Mobility and Southern will provide the basis for SAM’s anticipated expanded, nationwide regional air mobility platform. Following the close of the transaction on July 27, 2023, Surf Air Mobility has 69,742,981 basic shares and 71,603,186 fully diluted shares outstanding.

Surf Air Mobility intends to accelerate the adoption of green flying by developing, together with its commercial partners, hybrid-electric and fully-electric powertrain technology to upgrade existing fleets. By creating a financing and services infrastructure to enable this transition at an industry-wide level, Surf Air Mobility believes it can bring electrified aircraft to market at scale and substantially reduce the cost and environmental impact of regional flying. Surf Air Mobility believes such cost and environmental impact reductions are achievable by the end of the decade, and that operating as a publicly-traded company and having efficient access to growth capital will enable and accelerate the implementation of its strategic plan.

Surf Air Mobility also announced that it will release its financial results for the second quarter of 2023 and provide outlook for the full year 2023 the week of August 14, 2023.

JetBlue Names Susan Pfingstler as Vice President JetBlue University

July 25, 2023 / WIL BALDWIN

New York, July 24, 2023, (BUSINESS WIRE) – JetBlue (NASDAQ: JBLU) today announced the appointment of Susan Pfingstler to vice president, JetBlue University. In this role, Pfingstler will oversee the carrier’s award-winning training programs and facilities. She will report to Warren Christie, JetBlue’s head of safety, security, fleet operations and JetBlue University.

From locations in Orlando, New York and Salt Lake City, JetBlue University offers new hire and recurrent training for JetBlue’s airports, customer support (reservations), flight operations, inflight, system operations, and technical operations (maintenance) crewmembers, as well as pilot training services for a variety of other airlines around the world.

Pfingstler comes to JetBlue from United Airlines where she served as the managing director, network operations, air traffic control strategy. Previously, she held positions with the Federal Aviation Administration, the International Air Transport Association, and the Port Authority of New York & New Jersey. She spent the first decade of her career as a New York City-based pilot in both the corporate and Part 121 airline arenas.

Pfingstler holds a bachelor’s degree in professional aeronautics from Embry-Riddle Aeronautical University. She is a Board Member of NASA’s Advisory Council Aeronautics Committee and Fellow of the Royal Aeronautical Society.

Conrad Riyadh Laysen Valley

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