Tag: fleet (Page 5 of 45)

Maldivian Airlines updates regional fleet with additional ATR 42-600 order

September 20, 2023 / WIL BALDWIN

Toulouse, France, September 19, 2023 – Maldivian Airlines, the national airline of the Maldives and the world number one regional aircraft manufacturer ATR, have signed a firm order for two ATR 42-600 aircraft. These highly-efficient new aircraft will join the airline existing regional fleet, including two ATR 72-600 and one ATR 42-600, to replace older generation turboprops.

With these modern aircraft, powered by extra efficient PW127XT engines and featuring a spacious and appealing cabin, Maldivian will offer further reliable and affordable connectivity to the archipelago’s communities and businesses, contributing to the Maldives’ economic dynamism while lowering emissions.

About Maldivian

Maldivian, the national airline of the country embodies the spirit of the Maldives by providing exceptional air travel services that showcase the natural beauty and warm hospitality of the island nation. The airline is the leading domestic carrier with a scheduled network comprising of 16 domestic sectors. Maldivian operates the largest wheel-based fleet in the country which includes DeHavilland Dash 8 and ATR aircraft. Maldivian Seaplane, which consists of DeHavilland DHC-6 Twin Otter aircraft, further enhances the airline’s domestic operation by providing specialized tourist air transportation service connecting customers directly to the doorstep of their chosen resort. Operating from its hub in Male’, the airline provides international scheduled flights to cities in India and Bangladesh.

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.

Airbus delivers first C295 to India

September 13, 2023 / WIL BALDWIN

Seville, Spain, September 13, 2023 – Airbus Group SE (Paris: AIR) Defence and Space has officially handed over in fly-away condition the first of 56 C295 aircraft to the Indian Air Force (IAF) to begin replacing its ageing Avro 748 fleet.

The C295, in transport configuration and with an indigenous electronic warfare suite, will leave Airbus’ production site in Seville, Spain, for Delhi, India, in the next few days, piloted by a joint IAF and Airbus crew.

The first 16 C295’s of the 56 aircraft on order will be assembled at the San Pablo Sur site in Seville, Spain, with the second aircraft due to be delivered in May 2024 and the next 14 rolled out at a rate of one per month until August 2025.

First C295 ‘Make in India’ in 2026

To boost self-reliance in the defence-manufacturing sector in India, the remaining 40 C295s of the IAF order will be manufactured and assembled – in partnership with Tata Advanced Systems Limited (TASL) – at a Final Assembly Line (FAL) in Vadodara in western India.

The production of components of these aircraft has already started in the Main Constituent Assembly (MCA) facility in Hyderabad, southern India. These parts will be shipped to the Vadovara FAL, which is expected to be operational by November 2024.

The first ‘Make in India’ C295 will roll out of the Vadodara FAL in September 2026 in what will be a milestone for the Indian aerospace industry; the final aircraft expected to be delivered to the IAF by August 2031.

Boeing [NYSE: BA] and Vietnam Airlines announced the carrier has selected Boeing’s family of fuel-efficient airplanes to expand its future fleet with 50 737 MAX airplanes. (Boeing image)

Vietnam Airlines Selects 50 Boeing 737 MAX Airplanes to Grow its Fleet

September 11, 2023 / WIL BALDWIN

Hanoi, Vietnam, September 11, 2023, PRNewswire – Boeing (NYSE: BA) and Vietnam Airlines JSC (HVN) announced today the carrier has selected the 737 MAX family to expand its single-aisle fleet, with a commitment to order 50 737-8 airplanes. With enhanced fuel efficiency and environmental performance, the 737 MAX will provide best-in-class flexibility for Vietnam’s growing aviation market. The commitment was announced during a signing ceremony with Vietnamese government leaders on Monday, September 11.

U.S. and Vietnam officials said the commitment will bolster jobs in both countries and strengthen the bilateral economic partnership. Building on Boeing’s long history of collaboration with Vietnam’s civil aviation industry, the carrier’s 737 MAX fleet will support the country’s goal of becoming a leading aviation hub.

Since the launch, more than 100 customers around the world have placed firm orders for more than 5,600 737 MAX airplanes. The 737 MAX reduces fuel use and carbon emissions by 20% and has a smaller noise footprint than airplanes it replaces. The jets offer increased comfort and relaxation for passengers, with modern sculpted sidewalls, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

The 737 MAX family will allow Vietnam Airlines to fly up to 3,500 nautical miles (6,480 km) to serve increasingly popular international and regional routes. The carrier currently operates a fleet of 15 787 Dreamliner jets and serves over 50 destinations in 17 countries. A member of the SkyTeam Alliance, passengers flying on Vietnam Airlines or any of its 18 partners can earn and redeem miles for travel to 1,000 destinations worldwide.

Boeing is committed to its strong relationships with Vietnamese suppliers and partnering to create a strong, efficient and resilient global supply chain to deliver the highest quality products and services for our customers. Today, Boeing has a corporate office in Hanoi and Field Service Offices in Hanoi and Ho Chi Minh City.

(From left to right) Mr. Nguyen Chien Thang, Technical Executive Vice President, Vietnam Airlines; Mr. Le Hong Ha, President and CEO, Vietnam Airlines; Dr. Brendan Nelson, President, Boeing Global; Mr. Dang Ngoc Hoa, Chairman, Vietnam Airlines; Mr. Brad McMullen, Senior Vice President Boeing Commercial Sales; and Marketing; Mr. Michael Nguyen, Managing Director, Boeing Vietnam gather on Sept. 11 in Hanoi to celebrate Vietnam Airlines’ commitment to 50 737-8 MAX airplanes.

Gulfstream G700 and G800 engines earn FAA certification

September 11, 2023 / WIL BALDWIN

Savannah, Georgia, September 8, 2023 — Gulfstream Aerospace Corp. today announced the all-new Gulfstream G700 and Gulfstream G800 Rolls-Royce Pearl 700 engines have earned Federal Aviation Administration (FAA) certification, bringing the aircraft program another step closer towards entry into service and customer deliveries.

The G700 and G800 feature high-speed, aerodynamic Gulfstream wing design as well as an all-new winglet designed for the two new aircraft. Along with the Rolls-Royce Pearl 700 engines, these innovations help reduce fuel consumption and emissions.

The G700 features the most spacious cabin in the industry and can fly 6,650 nautical miles/12,316 kilometers at Mach 0.90 or 7,750 nm/14,353 km at Mach 0.85, and its maximum operating speed of Mach 0.935 makes it the fastest aircraft in the Gulfstream fleet. The G800 can travel 7,000 nm/12,964 km at Mach 0.90 and 8,000 nm/14,816 km at Mach 0.85, the longest range in the business aviation industry.

The G700 and G800 both include the Gulfstream Symmetry Flight Deck with the industry’s only electronically linked active control sidesticks, the most extensive use of touch-screen technology in business aviation and Gulfstream’s award-winning Predictive Landing Performance System.

In the cabin, the G700 and G800 feature the Gulfstream Cabin Experience with 100% fresh air, the industry’s lowest cabin altitude, whisper-quiet noise levels and abundant natural light from iconic Gulfstream Panoramic Oval Windows.

LATAM Group receives new Boeing 787-9

September 11, 2023 / WIL BALDWIN

Santiago, Chile, September, 2023 – LATAM group (OTC: LTMAY) has received delivery of a new Boeing 787-9 directly from Charleston (United States) to Santiago (Chile), and is the only group of airlines in South America operating this model.

The Boeing 787-9 is equipped with advanced technology that allows it to reduce fuel consumption and CO2 emissions by 20-30% compared to the previous technology thanks to its lightweight materials, state-of-the-art engines, and modern aerodynamics.

Its arrival is part of LATAM group’s fleet renewal and modernization strategy, which will enable it to have 37 Dreamliners including the 787-8 variant by the end of this year, becoming one of the most modern and efficient fleets in South America. With this, the LATAM group aims to finish 2023 with a fleet of 332 aircraft, of which 78 are Wide Body and 254 are Narrow Body.

LATAM group’s new aircraft will feature 300 seats and has the capacity to cover an approximate distance of 14,010 km. Additionally, it boasts larger windows, spacious overhead compartments, technology that detects and counteracts turbulence for a smoother flight, and onboard diagnostic systems that allow the aircraft to self-monitor and automatically report maintenance requirements to ground systems.

Rolls-Royce to complete initial F130 engine testing for B-52J by year end

September 7, 2023 / WIL BALDWIN

Rolls-Royce (OTC: RYCEY) today announced that it is on track to complete initial F130 engine testing for the United States Air Force B-52J Stratofortress by the end of the year. Continued Rapid Twin Pod Tests at NASA Stennis Space Center in Mississippi have accomplished all of Rolls-Royce’s initial goals and allowed for the gathering of unprecedented amounts of data early in the program, further de-risking the integration of the F130 engine onto the B-52J.

In September 2021, Rolls-Royce F130 engines were selected by the Air Force to replace the existing powerplants in the B-52 fleet, with over 600 new engine deliveries expected. The new engines will extend the life of the B-52 aircraft for 30 years and are so durable they are expected to remain on wing for the remainder of the aircraft life.

F130 engines will be manufactured, assembled and tested at Rolls-Royce facilities in Indianapolis, the company’s largest production facility in the U.S. The F130 is derived from the Rolls-Royce BR family of commercial engines, with over 30 million hours of operation and a high reliability rate. It’s a proven, dependable engine with a fuel-efficient design.

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.

Maersk finalizes ECO delivery deal with Amazon

September 6, 2023 / WIL BALDWIN

Florham Park, New Jersey, September 6, 2023 – A.P. Moller – Maersk (OTC: AMKBY) and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 metric tons of CO2e vs standard bunker fuel, roughly equivalent to 50 million pounds of coal burned. This is the fourth consecutive year that Amazon and Maersk have arranged container shipping using low GHG fuel options.

The ECO Delivery biofuel option offers emission reductions that enable immediate and externally verified GHG savings for customers, without compensatory measures like offsetting. This year, Amazon will benefit from a new feature of the ECO Delivery product which will be enabled by also using green methanol in addition to the bio diesel as a second green fuel* in the vessel fleet. ECO Delivery is using primary data for fuel consumption in the methodology to report emissions savings with greater precision, inclusive of other greenhouse gases in addition to the CO2. The new model also provides price certainty and stability and is de-linked from the fossil fuel market.

^* Maersk defines ’green fuels’ as fuels with low to very low GHG emissions over their life cycle compared to fossil fuels. Maersk green fuels and its supply chain are verified by the International Sustainability and Carbon Certification (ISCC) . The methodology for accounting emissions is based on GLEC (Global Logistics Emissions Council) and is certified by Smart Freight Center. We ensure auto-generated performance tracking of Maersk ECO Delivery shipments. Maersk ECO Delivery CO2e saving certificates will be issued. The method is audited by PwC in accordance with the International Standard of Assurance Engagements 3410 (ISAE 3410 – Assurance Engagements on Greenhouse Gas Statements), showing CO₂e savings for the scope of the Maersk ECO Delivery agreement.

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

About Maldivian

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