Tag: industry (Page 5 of 34)

United Airlines has more flights to Australia & New Zealand than any other U.S. airline

November 2, 2023 / WIL BALDWIN

Chicago, Illinois, November 2, 2023 – Kiwis or kangaroos? With United Airlines Holdings Inc (Nasdaq: UAL) new flights to Australia and New Zealand, you don’t have to choose.

New nonstop service between San Francisco and Christchurch starts December 8, making us the only carrier to directly connect the U.S. and the South Island of New Zealand. And that’s not all – our brand-new Los Angeles to Auckland flight started on October 28, plus service from Los Angeles to Brisbane starts shortly on November 29.

Book your Australia or New Zealand adventure today with the U.S. airline serving the most destinations in Australia and New Zealand (hint: that’s us).

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

U.S. and Switzerland sign agreement for PAC-3 MSE missiles

November 2, 2023 / WIL BALDWIN

Bern, Switzerland, Oct. 31, 2023 – United States and Switzerland officials formalized an agreement for Switzerland to purchase Lockheed Martin’s (NYSE: LMT) Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and related support equipment. With this agreement, Switzerland becomes PAC-3’s 15th partner nation.

PAC-3 MSE will bolster Switzerland’s Patriot ground-based air defense system as a part of the Switzerland Air Force’s Air2030 program.

Lockheed Martin and armasuisse also finalized the Offset Agreement supporting the PAC-3 MSE program. This agreement is the catalyst for multiple new projects that will support Switzerland’s security-relevant technology and industry base (STIB).

The PAC-3 MSE expands the battlespace with a dual-pulse solid rocket motor, providing increased performance in altitude and range. PAC-3 MSE is a high-velocity interceptor that defends against incoming threats, including tactical ballistic missiles, cruise missiles, advanced threats and aircraft. The PAC-3 MSE missile uses Hit-to-Kill technology, intercepting threats through kinetic energy via body-to-body contact.

Forward-Looking Statements

American Airlines unveiled over 50 new routes this year

October 31, 2023 / WIL BALDWIN

Dallas, Texas, October 31 – 2023 continues to be a big year for American Airlines Group (Nasdaq: AAL). This year, the airline has launched or announced more than 50 new routes. With service to more than 350 destinations around the world, American continues to build a comprehensive network across the United States and the world.

Learn more below about our new routes we will add through the summer of 2024.

Forward-Looking Statements

Airbus Helicopters and Naval Group test unmanned aerial system

October 31, 2023 / WIL BALDWIN

Marignane, France, October 31, 2023 – Airbus Group SE (Paris: AIR) Helicopters and Naval Group, in collaboration with the French Armament General Directorate, DGA (Direction génerale de l’armement), and the French Navy, have tested the SDAM demonstrator (Système de Drone Aérien Marine/ Naval Aerial Drone System) from a multi-mission frigate (FREMM). The trials took place on board the French Navy frigate, Provence, in the Mediterranean Sea between the 2nd and the 9th of October. The vessel had previously been adapted by Naval Group to operate the SDAM. These sea trials were arranged to demonstrate the system’s high performance from an operational warship and the SDAM’s capabilities for surveillance and intelligence missions.

The derisking study for the SDAM programme was awarded to Airbus Helicopters and Naval Group by the DGA. The objective is to design, produce and test a rotary wing unmanned aerial system demonstrator for the French Navy. The system works with the Airbus Helicopters VSR700 unmanned aerial system and the I4Drones® mission system developed by Naval Group. Naval Group has also been tasked with the integration of the system onboard military vessels. The project also involves French SMEs like Hélicoptères Guimbal and Diades, contributing to the creation of a local naval UAS industry in France.

Forward-Looking Statements

Qantas says bonjour with direct flights from Perth, Australia to Paris, France

October 30, 2023 / WIL BALDWIN

Qantas Airways Ltd (Sydney: QAN) is adding another direct service between Australia and Europe with the launch of a new route between Perth and Paris, just in time for the 2024 Olympic and Paralympic Games and European summer.

Following the success of the national carrier’s unique direct flights from Perth to London and Rome, the new year-round route will see Qantas operate to the French capital for the first time in nearly two decades, cutting around three hours off the current fastest travel time from Perth to Paris.

From 12 July 2024, the 17-hour Perth-Paris flights will initially operate four days per week during the peak European summer with the airline’s Boeing 787 Dreamliner aircraft. Services will move to three per week from mid-August 2024.

Amtrak customers now benefit from more flexible and affordable fares

October 27, 2023 / WIL BALDWIN

Washington, D.C. – Based on extensive customer research, and in an effort to better meet customer needs, Amtrak has introduced a new, simplified fare structure with more flexible and affordable options. The simpler fare structure launched this week and builds on other recent improvements Amtrak has made to the booking experience.

The new fare structure reduces fare types from three categories to two and serves to provide a more consistent booking experience with fare types that are clearly differentiated and easy-to-understand:

Flex: For customers who want a more flexible travel option, these tickets are fully refundable if canceled, and can be changed without fees before departure[1].
Value: For customers who know their travel plans and want a more affordable option, these tickets are at a lower price than Flex tickets, non-changeable and receive a 75% refund if canceled.

In addition to simplifying the fare structure, benefits of the new approach also include:

Flex fares will often be available starting at lower prices than previously offered.
Occasional sale fares at an even deeper discount (these will be non-changeable and receive a 50% refund if canceled).
Any refunds of credit card purchases will be made to the original form of payment, rather than as an eVoucher.[2]

These changes to Coach and Acela Business tickets make it easier for Amtrak customers to choose the ticket type that best fits their travel needs. Non-Acela Business and First Class tickets were already fully refundable and changeable with no additional fees. Tickets purchased prior to the launch of the new simplified fare structure remain subject to the fare rules and conditions that were in effect when the ticket was purchased.

Saab Q3 2023 results: Growth momentum in an evolving market

October 27, 2023 / WIL BALDWIN

Saab AB (Stockholm: series B: SAABb)President and CEO Micael Johansson says “The geopolitical tensions are impacting our industry and driving the largest increase in defence investments in the last 30 years, particularly in Europe. In the third quarter, high demand for Saab’s broad defence portfolio continued to result in significant order intake, strong sales growth and improved profitability.”

Key highlights Q3 2023

Order intake amounted to SEK 14,977m (7,772) with strong growth in all order sizes in the quarter.
Sales increased to SEK 11,527m (8,751) with an organic growth of 31%, driven by growth in all business areas.
EBITDA increased 28% and amounted to SEK 1,424m (1,115), corresponding to an EBITDA margin of 12.4% (12.7).
Operating income (EBIT) increased 51% and amounted to SEK 859m (568). The EBIT margin was 7.5% (6.5) with improvements in several business areas in the quarter.
Net income for the period increased to SEK 656m (324) and earnings per share amounted to SEK 4.84 (2.28).
Operational cash flow in the quarter was SEK -2,058m (559) mainly due to timing of customer payments combined with higher investments.
Net liquidity position in the quarter was SEK 1.4 bn (0.4).
Upgraded outlook for organic sales growth 2023: organic sales growth to be between 19-23%, compared to previous outlook of 16-20%.

For more information and explanations of the above key ratios, please see www.saab.com/investors/financials/financial-data.

Abu Dhabi returns to British Airways route map

October 20, 2023 / WIL BALDWIN

Friday, October 20, 2023 – British Airways, part of the International Consolidated Airlines Group S.A. (London: ICAG) will launch daily flights to Abu Dhabi next year, following a four-year hiatus. Available to book from today, the route will begin operating on 20 April 2024, serving the UAE’s capital on a year-round basis from London Heathrow Airport.

Famous for its towering architecture, rich culture, desert landscapes, magnificent beaches and world-class attractions, this Middle Eastern metropolis is enjoyed by those looking for an eclectic mix of culture, relaxation and adventure.

The new flight will be operated by a Boeing 787-9 aircraft in summer 2024 and will boost connectivity to the UAE as it joins flights to neighbouring Dubai, which operate up to three-times daily from Heathrow.

To celebrate the launch, British Airways is offering return fares from £449 in World Traveller (economy) and £1,999 in Club World (business class), available to book before 12 November 2023. Executive Club Members will be able to purchase Reward Seats from £100 + 50,000 Avios.

Saab receives Carl-Gustaf order from Japan

October 20, 2023 / WIL BALDWIN

SAAB AB (Stockholm: SAABb) has received an order from the Japan Self-Defense Forces, JGSDF, for the supply of the man-portable, multi-role weapon system Carl-Gustaf^®. The order includes over 300 systems and deliveries will take place in 2025.

Carl-Gustaf is a man-portable multi-role weapon system that provides high tactical flexibility through its wide range of ammunition types. It is extremely light-weight, and has established itself as the main shoulder launched weapon in many countries. It has been in use with the Japan Self-Defense Forces since 1979.

Proven to deliver results on the battlefield, Carl-Gustaf provides the effectiveness soldiers need. The wide range of ammunition types for Carl-Gustaf makes it flexible and able to handle any situation, whether it is to defeat an armoured vehicle or structure, or illuminating the battlefield during night operations.

The Carl-Gustaf system has a long and distinguished history, which stretches back to 1948, and is now supplied to more than 40 countries around the world.

American Airlines orders additional four Embraer E175 aircraft for Envoy Air

October 20, 2023 / WIL BALDWIN

Sao Jose dos Campos – Brazil, October 19, 2023– American Airlines Group (Nasdaq: AAL) has signed a firm order with Embraer SA (ADR-NYSE: ERJ) for four new E175 aircraft. The jets will be operated by American’s wholly owned subsidiary, Envoy Air. With all deliveries in Q4 of 2024, Envoy’s all E-Jet fleet will grow to over 150 aircraft by the end of 2024. The contract value is US$230.6 million at list price, and will be included in Embraer’s 2023 Q3 backlog.

The E175 entered service in North America in 2005, and has since come to dominate the sector, due to its comfort, high performance, and efficiency. Customers like Embraer’s trademark two-by-two seating, meaning no one must endure a middle seat. To date, the worldwide E170/E175 fleet has accumulated over 19.5 million flight hours with Envoy having flown 1.3 million of these hours.

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