Tag: announce (Page 5 of 11)

Air Transport Services Group prices $350 million convertible senior notes offering

August 11, 2023 / WIL BALDWIN

WILMINGTON, Ohio (BUSINESS WIRE) – Air Transport Services Group, Inc. (NASDAQ: ATSG) today announced the pricing of its offering of $350,000,000 aggregate principal amount of 3.875% convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on August 14, 2023, subject to customary closing conditions. ATSG also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $50,000,000 principal amount of notes.

The notes will be senior, unsecured obligations of ATSG and will accrue interest at a rate of 3.875% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2024. The notes will mature on August 15, 2029, unless earlier repurchased, redeemed or converted. Before February 15, 2029, noteholders will have the right to convert their notes only upon the occurrence of certain events. From and after February 15, 2029, noteholders may convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. ATSG will settle conversions in cash and, if applicable, shares of its common stock. The initial conversion rate is 31.2864 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $31.96 per share of common stock. The initial conversion price represents a premium of approximately 42.5% over the last reported sale price of $22.43 per share of ATSG’s common stock on August 9, 2023. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at ATSG’s option at any time, and from time to time, on or after August 15, 2026 and on or before the 50th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of ATSG’s common stock exceeds 130% of the conversion price for a specified period of time. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

JetBlue and Air Serbia Announce New Codeshare Agreement

August 7, 2023 / WIL BALDWIN

New York, N.Y., BUSINESS WIRE – JetBlue Airlines (NASDAQ: JBLU) and Air Serbia today announced a new partnership making Air Serbia-operated flights available on JetBlue.com with a new codeshare agreement.

Beginning July 26, 2023, JetBlue placed its “B6” airline code on Air Serbia-operated nonstop flights from New York’s John F. Kennedy International Airport (JFK) and Chicago’s O’Hare International Airport (ORD) to Belgrade’s Nikola Tesla Airport (BEG). Additionally, JetBlue plans on placing its “B6” code on other flights between Belgrade and points in Europe in the near future. Air Serbia plans to add their “JU” airline code to 25 destinations throughout the JetBlue network.

JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers to more than 100 destinations throughout the United States, Latin America, Caribbean, Canada, United Kingdom and France. For more information and the best fares, visit jetblue.com.

Virgin Australia and All Nippon Airways launch expanded partnership

July 23, 2023 / WIL BALDWIN

July 2023 – Virgin Australia and Japan’s largest airline, ANA, All Nippon Airways, have today announced a significantly expanded partnership to include increased levels of codeshare co-operation in addition to a series of member loyalty benefits and seamless travel across both carriers’ networks.

From today, Velocity Frequent Flyer members can earn Points and Status Credits when travelling on ANA operated flights across more than 130 destinations in the global ANA network including Japan, Asia, North America and Europe.

For the first time, guests can also book airfares on ANA operated flights between Australia and Japan at virginaustralia.com.

The announcement follows the launch of Virgin Australia’s inaugural service between Cairns and Tokyo (Haneda) last month. The airline’s partnership with ANA will unlock benefits across 12 domestic connections for travellers within Japan, including Sapporo, Fukuoka, Hiroshima, Osaka-Itami, Kochi, Osaka-Kansai, Kumamoto, Nagoya, Nagasaki, Oita, Okinawa and Miyazaki.

Eve Air Mobility and Embraer Announce First eVTOL Production Location in Brazil

July 20, 2023 / WIL BALDWIN

Sao Jose Dos Campos, Brazil – July 20, 2023 – Eve Air Mobility (NYSE: EVEX) and Embraer (NYSE: ERJ) announced today that the first electric vertical take-off and landing aircraft (eVTOL) production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil. Subject to the final authorities’ approval, the manufacturing plant will be situated on a designated portion of land within Embraer’s existing unit in the city that will be expanded.

The site benefits from a strategic logistical location, offering easy access via two highways and close proximity to a railroad. Another significant advantage is the region’s proximity to Embraer’s headquarters in São José dos Campos and Eve’s engineering and human resources team, which will facilitate the development and sustainability of new production processes, enhancing Eve’s agility and competitiveness.

In May 2022, Eve announced a partnership with Porsche Consulting to define Eve’s eVTOL global manufacturing, supply chain and logistics macro strategy. The two companies have since worked together to research advanced manufacturing and innovation concepts and used their combined aeronautical and automotive expertise to design a concept of industrialization for eVTOL aircraft based on high safety, quality, efficiency and customer focus.

Eve continues to progress in developing its eVTOL. The company also focuses on creating a comprehensive portfolio of agnostic solutions, including a unique Urban Air Traffic Management (Urban ATM) software to optimize and scale Urban Air Mobility operations worldwide.

Indian Government announce selection of Dassault Aviation Rafale to equip Indian Navy

July 17, 2023 / WIL BALDWIN

(Saint-Cloud, France, July 14, 2023) – The Indian Government announced the selection of the Dassault Aviation (OTC: DUAVF) Rafale to equip Indian Navy Navy Rafale to equip the Indian Navy with a latest-generation fighter following an international competition launched by the Indian authorities. This decision comes after a successful trial campaign held in India, during which the Navy Rafale demonstrated that it fully met the Indian Navy’s operational requirements and was perfectly suited to the specificities of its aircraft carrier.

The Indian Navy’s 26 Rafale will eventually join the 36 Rafale already in service, which are giving full satisfaction to the Indian Air Force, making India the first country to make the same military choice as France by operating both versions of the aircraft to help consolidate its superiority in the air and on the seas and guarantee its sovereignty.

This selection confirms the excellence of the Rafale, the exceptional quality of the link between Dassault Aviation and the Indian Forces, and the importance of the strategic relationship between India and France.

Japan Airlines and Kammui announce Strategic Alliance for Adventure Tourism Market

July 15, 2023 / WIL BALDWIN

As compared to more conventional forms of travel, AT has greater per capita consumption and
economic impact for regional development, and is becoming increasingly popular in Europe, the U.S.,
and elsewhere, globally. AT is especially popular amongst wealthy individuals who value the
importance of contributing to the local communities through travel. While demand for AT in Japan has
been growing in line with increases in inbound travel, there remains a shortage of skilled guides and
appropriate infrastructure conducive to welcoming international visitors.

Kammui and Japan Airlines (OTC: JAPSY) has entered a strategic alliance involving various initiatives to enhance AT in Japan
with the goal of developing the market for premium tourism, with a focus on inbound travelers. Kammui
and JAL will leverage their respective strengths to create premium content encouraging travelers to
reconnect to nature in innovative ways and inspire more people to experiences Japan’s nature.

In cooperation with the Japan Adventure Tourism Association (JATO), where JAL belongs as one
of the regular members, and the Adventure Travel Trade Association (ATTA), the largest industry
organization in the AT field, JAL and Kammui will work together to develop human resources
capable of promoting AT, with the goal of promoting world-class AT in Japan. The partnership will
focus on developing individuals with the ability to act as leaders in their respective regions and
build and promote networks in each region to enhance AT within Japan.

JAL will start offering Kammui experiences through JAL Dynamic Package, a travel product allowing
customers to combine airline tickets, accommodation, activities, transportation, and other travel
products. JAL will start by offering 8 AT experiences from within Kammui’s selection of more than
300 unique experiences covering a wide variety of regions of Japan. Kammui and JAL are aiming to
offer new value for travelers to Japan allowing them to enjoy authentic once-in-a-lifetime experiences
combining nature and culture.

Chelsea Football Club and Hilton Announce Global Partnership with Exclusive Experiences for Hilton Honors Members

July 7, 2023 / WIL BALDWIN

Chelsea Football Club has today unveiled Hilton (NYSE: HLT), the global leader in hospitality, as its official global hotel partner. The partnership will enable Chelsea Football Club and Hilton to provide extended opportunities for Hilton’s more than 158 million Hilton Honors members around the world in a new and unique way, while also serving as the official host to the Chelsea team on the road.

As a pioneer in the industry for more than 100 years, Hilton will welcome Chelsea to its portfolio of hotels as the team’s official home away from home, starting with locations in the United States during the team’s summer tour. Recognizing how much it matters where an elite sports team stays ahead of key fixtures, players and coaches will experience and enjoy Hilton’s world-class service and hospitality.

Building off its high-profile partnerships in the music, sports and entertainment world, Hilton Honors will offer a curated selection of one-of-a-kind experiences, which will kick off during this summer’s pre-season tour and extend into next season’s matches in London. Look out for the Hilton name at Chelsea men’s and women’s matches, and across Chelsea digital channels with special and engaging content for fans to enjoy.

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.

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.

A.P. Moller, Maersk Orders Two Boeing 777 Freighters

November 2, 2021 / WIL BALDWIN

COPENHAGEN, Denmark, Nov. 2, 2021 /PRNewswire/ — Boeing [NYSE: BA] and A.P. Moller – Maersk (Maersk) today announced the global provider of end-to-end container logistics has placed an order for two 777 Freighters. The freighters will be operated by Star Air, Maersk’s in-house aircraft operator and is the company’s first 777 order. Star Air currently operates an all-Boeing 767 Freighter fleet.

The 777 Freighter is the world’s largest, longest range and most capable twin-engine freighter. The airplane offers 17 percent better fuel efficiency and reduced CO2 emissions compared to legacy airplanes. With a range of 9,200 kilometers, the 777 Freighter can carry a maximum revenue payload of 102,000 kilograms, allowing Star Air to make fewer stops and reduce landing fees on long-haul routes.

The 777 Freighter is Boeing’s top-selling freighter of all time. Customers from around the world have ordered more than 300 777 Freighters since the program began in 2005. As the air cargo market continues to strengthen throughout the world, freight carriers turn to Boeing for its complete family of new and converted freighters. Boeing airplanes provide more than 90% of the worldwide dedicated freighter capacity.

Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs approximately 80,000 people.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.

About Union Pacific

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