Tag: largest (Page 5 of 10)

China Airlines Takes Delivery of First Boeing 777 Freighter

December 15, 2020 / WIL BALDWIN

China Airlines today unveiled the first of six Boeing 777 Freighters, officially becoming the 20^th operator of the world’s largest and longest range twin-aisle freighter. The 777 Freighter joins the airline amid growing demand for dedicated freighters as operators grapple with the impacts from the COVID-19 pandemic.

“Air cargo demand has risen in light of the global pandemic and has played a critical role in maintaining profitability for our airline despite the downturn in passenger traffic,” said China Airlines Chairman Hsieh Su-Chien. “The efficiency and capability of the 777 Freighter enables us to modernize our freighter fleet, while also allowing us to increase capacity and open into new markets. We look forward to delivering world-class service to our customers.”

China Airlines aims to increase its cargo capacity by 15% in 2021 and is planning to launch the 777 Freighter on routes connecting Taipei with North America — a key market with strong demand and escalating yields. An operator of all-Boeing freighter fleet, China Airlines debuted its new 777 Freighter during a ceremony in Taipei to mark the carrier’s 61^st anniversary. The airline is set to take five more 777 Freighters as part of an order announced at the 2019 Paris Air Show.

The 777 Freighter is the world’s largest, longest range and most capable twin-engine freighter. The airplane has a range of 9,200 km (4,970 nautical miles) and can carry a maximum payload of 102,010 kg (224,900 lbs). The airplane will allow China Airlines to make fewer stops and reduce associated landing fees on long-haul routes, resulting in the lowest trip cost of any large freighter.

The 747 and 777 freighters, both of which make up China Airlines’ world-class freighter fleet, are capable of carrying tall and outsized cargo loads on 3-meter (10-foot) tall pallets. This common main-deck pallet height capability enables interchangeable pallets, adding to the versatility of both models.

“With the global air cargo fleet expected to grow by more than 60% over the next 20 years, the unmatched efficiency of the 777 Freighter will significantly boost China Airlines’ air cargo capabilities and enable them to scale their world-class cargo operations,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for Boeing. “We are honored to strengthen our partnership with China Airlines as they continue to build one of the world’s most dynamic freighter fleets.”

In addition to commercial airplanes, Boeing provides China Airlines with total life cycle support services to streamline parts provisioning and flight and maintenance operations. The entire China Airlines fleet uses Jeppesen FliteDeck Pro, which provides access to digital navigation charts and interactive maps to optimize performance and enhance situational awareness.

China Airlines also recently signed an agreement for Airplane Health Management (AHM), which tracks real-time airplane information, providing data and decision support tools that allow technicians to quickly and correctly resolve maintenance issues. This allows airlines to take proactive actions based on AHM-generated alerts, reducing disruptions to operations and the costs associated with unscheduled maintenance. With the agreement, China Airlines joins more than 100 global customers using the AHM solution.

Ryanair Orders 75 More Boeing 737 MAX Jets

December 6, 2020 / WIL BALDWIN

Boeing [NYSE: BA] and Ryanair announced today that Europe’s largest airline is placing a firm order for 75 additional 737 MAX airplanes, increasing its order book to 210 jets. Ryanair again selected the 737 8-200, a higher-capacity version of the 737-8, citing the airplane’s additional seats and improved fuel efficiency and environmental performance.

“Ryanair’s board and people are confident that our customers will love these new aircraft. Passengers will enjoy the new interiors, more generous leg room, lower fuel consumption and quieter noise performance. And, most of all, our customers will love the lower fares, which these aircraft will enable Ryanair to offer starting in 2021 and for the next decade, as Ryanair leads the recovery of Europe’s aviation and tourism industries,” said Ryanair Group CEO Michael O’Leary.

O’Leary and Ryanair leaders joined the Boeing team for a signing ceremony in Washington, D.C. Both companies acknowledged COVID-19’s impacts on air traffic in the near-term, but expressed confidence in the resilience and strength of the passenger demand over the long term.

“As soon as the COVID-19 virus recedes – and it likely will in 2021 with the rollout of multiple effective vaccines – Ryanair and our partner airports across Europe will – with these environmentally efficient aircraft – rapidly restore flights and schedules, recover lost traffic and help the nations of Europe recover their tourism industries, and get young people back to work across the cities, beaches and ski resorts of the European Union,” O’Leary said.

Ryanair is the launch customer for the high-capacity 737-8 variant, having placed its first order for 100 airplanes and 100 options in late 2014, followed by firm orders of 10 airplanes in 2017 and 25 in 2018. The 737 8-200 will enable Ryanair to configure its aircraft with 197 seats, increasing revenue potential, and reduce fuel consumption by 16 percent compared to the airline’s previous airplanes.

Airbus Signs Contract for 38 Eurofighters with Germany

November 15, 2020 / WIL BALDWIN

Airbus has signed a contract to deliver 38 new Eurofighter aircraft to the German Air Force. This makes Germany the largest ordering nation in Europe’s biggest defence programme. The order, also known by its project name Quadriga, covers the delivery of 30 single-seater and 8 twin-seater Eurofighters. Three of the aircraft will be equipped with additional test installations as Instrumented Test Aircraft for the further development of the Eurofighter programme.

Dirk Hoke, CEO Airbus Defence and Space, said: “The new Tranche 4 Eurofighter is currently the most modern European-built combat aircraft with a service life well beyond 2060. Its technical capabilities will allow full integration into the European Future Combat Air System FCAS”.

The renewed order from Germany secures production until 2030 and comes at a strategically important time for the programme. In addition to an expected Eurofighter order from Spain to replace its legacy F-18s, procurement decisions in Switzerland and Finland are imminent in 2021.

The variant offered in Switzerland corresponds to the configuration of the German Quadriga order. The equipment includes the world’s latest electronic radar, future-proof hardware and software and unlimited multi-role capability for engaging air and ground targets.

Eurofighter is Europe’s largest defence programme, in which the United Kingdom, Spain and Italy are involved alongside Germany. In addition to technological capabilities, it secures more than 100,000 jobs in Europe.

Emirates SkyCargo Sets Up Largest GDP Compliant Air Cargo Hub

October 25, 2020 / WIL BALDWIN

Emirates SkyCargo is stepping up its readiness to handle the logistical complexities of distributing a potential COVID-19 vaccine globally by creating the world’s first dedicated airside cargo hub for the vaccine in Dubai. The air cargo carrier is taking a global leadership position by announcing that it will be re-opening its Emirates SkyCentral DWC cargo terminal in Dubai South to serve as a dedicated anchor hub for cold chain storage and distribution of the vaccine.

Watch a video about Emirates SkyCargo setting up the world’s largest GDP compliant airside hub for COVID-19 vaccine distribution.

The freight division of Emirates has also set up a dedicated rapid response team to coordinate requests from the various partners involved in the international vaccine distribution ecosystem and to streamline the carrier’s response to vaccine transportation requests.

Click the link below to read the full story!

https://www.emirates.com/media-centre/covid-19-response-emirates-skycargo-to-set-up-the-worlds-largest-gdp-compliant-air-cargo-hub-in-dubai-for-global-distribution-of-covid-19-vaccine/

JetBlue to Add 4 Nonstop Routes from Hartford’s Bradley Airport

September 23, 2020 / WIL BALDWIN

– Adding Los Angeles, Las Vegas, San Francisco and Cancún, Mexico to Schedule

– JetBlue Planning to be the Largest Carrier in Connecticut by 2021

JetBlue (NASDAQ: JBLU) today announced it is expanding service in Hartford, Conn., with four new nonstop routes between Bradley International Airport (BDL) and Los Angeles (LAX), Las Vegas (LAS), San Francisco (SFO) and Cancún, Mexico (CUN)*. These routes are part of JetBlue’s strategy to add routes with high potential for leisure demand, and will set the airline up to be the largest carrier in Connecticut by 2021.

Last week, Connecticut simplified its travel advisory enabling all travelers visiting or returning to the state to provide a negative COVID-19 test result obtained within 72 hours prior to or upon arrival to avoid the state’s 14-day quarantine.

“We are excited to roll out these new routes connecting Hartford to some of our largest leisure destinations, bringing more low fares and great service to Connecticut residents,” said Scott Laurence, head of revenue and planning, JetBlue. “We are proud to play our part in support of Gov. Lamont’s economic recovery plan. We see great long-term potential for our business in Connecticut, as it becomes an increasingly attractive place to live and work. Additionally, the simplified travel advisory gives clarity to everyone who needs or wants to travel through Bradley International Airport.”

“One of Connecticut’s best competitive assets is its international airport in such close proximity to so many of our communities and employers,” said Connecticut Governor Ned Lamont. “This strengthening of the partnership with JetBlue shows once again how important Bradley International Airport is to our present and our future. More routes, and a strong international airport are key to Connecticut’s success.”

“We are thrilled that JetBlue has taken the step to strengthen their presence and route network at Bradley Airport with this impressive launch of four new cities,” said Kevin Dillon, executive director, Connecticut Airport Authority. “JetBlue is an important partner for us, and we are very pleased to see that the airline recognizes the potential of the Bradley Airport market. We are confident that our strengthened partnership will provide major benefits for Connecticut travelers, JetBlue, and Bradley Airport.”

JetBlue has built a sizeable presence in Hartford with up to 12 flights per day pre-pandemic and has been instrumental in adding new routes and lowering fares for state residents. When the routes launch in the coming months, JetBlue will have the most nonstop destinations from Bradley International Airport of any carrier.

Service between Bradley International Airport (BDL) and:

Cancún, Mexico (CUN)*Launching November 19, 2020

Los Angeles (LAX)Launching December 18, 2020

Las Vegas (LAS)Launching December 18, 2020

San Francisco (SFO)Launching December 18, 2020

The announcement for new Connecticut routes comes shortly after the airline revealed a lineup of two dozen all-new nonstop destinations, plus expanded Mint service in Newark and Los Angeles. Each route plays to JetBlue’s strengths in the airline’s focus cities, in Florida, Latin America and the Caribbean or on cross-country – or transcontinental – flying. Every market has been identified as one in which JetBlue anticipates increasing demand for leisure travel.

In anticipation of these recent network additions, JetBlue is readying some aircraft that have been temporarily parked. The airline is dedicated to remaining flexible, continuing to assess the airline’s network and allowing market demand to determine how long a particular route continues to operate.

Defence Ministers of Germany and France visit Airbus in Manching

September 17, 2020 / WIL BALDWIN

During a visit of the Airbus premises in Manching, Europe’s largest military aviation development centre, the Defence Ministers of Germany and France, Annegret Kramp-Karrenbauer and Florence Parly, expressed their nations’ support for key European defence programmes.

Ministers Kramp-Karrenbauer and Parly met with senior company executives led by Airbus Chief Executive Officer (CEO) Guillaume Faury, Airbus Defence and Space CEO Dirk Hoke as well as local policy-makers.

The event marked the first-ever joint visit of a German and French Defence Minister on site, which is home to some 5,600 Airbus employees from 43 nationalities and some 1,000 service-members from the German armed forces.

Both Ministers stressed the importance of fostering key European defence programmes such as the development of an European drone, the so called Euro MALE RPAS unmanned aerial vehicle, and the Future Combat Air System (FCAS).

An European industry consortium under the lead of Airbus, with its partners Dassault Aviation and Leonardo, aims at developing a European drone for France, Germany, Italy and Spain, also often publicly referred to as the “EuroDrone”. This new system is designed to bring unique operational capability to Europe in the field of unmanned aerial surveillance.

The FCAS programme, brought to life by the governments of France and Germany in 2017, will provide the next level of airpower by creating a System of Systems of manned and unmanned platforms with full operational capability planned for 2040. Spain has meanwhile joined the programme, making FCAS a true European endeavour.

On the industrial side, Dassault Aviation and Airbus are leading the FCAS activities together with other key partners. Despite constraints due the COVID19 pandemic, the Joint Concept Study, launched in 2019, and the Demonstrator Phase 1A, launched this year, remain on track.

“The visit of the French and German Defence Ministers to Manching is a clear signal of the importance of a strong and capable defence industry for Europe”, said Guillaume Faury, CEO of Airbus. “Manching is the centre of competence and national champion for all German fixed-wing military platforms and thus of strategic importance for our local customer. Here, we are also shaping the future of military aviation with multinational programmes such as the EuroDrone and FCAS and we are very grateful that we could showcase this today to decision-makers.”

Besides ongoing programmes, the Ministers also received a glimpse of the high-end technical engineering capabilities of Airbus by visiting into the future of flight with the Low Observable UAV Testbed (LOUT), a research project funded by the German Ministry of Defence that had first been publicly revealed in the fall of 2019. Low observability will be one of the key factors in the development of the Future Combat Air System.

Policymakers also praised the high-level visit to one of Bavaria’s top industry sites:

“Manching is a prime example of what Europe can achieve in defence if we join forces. Not only are we proud of the international spirit we see here in Bavaria coming from companies like Airbus where Germans, French, Spanish, British and other nationalities are working hand in hand. Manching is also an example for unique and critically important cooperation models with the Bundeswehr”, said Reinhard Brandl, member of the CSU in the Bundestag’s budget committee. “The future of European defence and the future of high-tech industry sites such as Manching hinges on programmes such as FCAS and the EuroDrone. Therefore, we have to ensure they are endorsed and brought forward in a joint and balanced manner.”

VW Not Seeking Deal With Tesla – CEO Diess

September 7, 2020 / WIL BALDWIN

FRANKFURT, Sept 7 (Reuters) – Volkswagen’s Chief Executive Herbert Diess on Monday sought to quell speculation that the world’s largest carmaker, which is on a mass production push for electric cars, has plans to develop deeper ties with start-up rival Tesla.

Diess met with Tesla’s Chief Executive Elon Musk in Braunschweig, Germany, last week, and during his visit VW let Musk drive its new ID.3 electric car.

“Just to be clear: We just drove the ID.3 and had a chat – there is no deal/cooperation in the making,” Diess said in a post on Linkedin which included a video of the two executives driving the vehicle on an airfield.

“Thanks for the visit, Elon! Hope you like the video. It was great driving the ID.3 with you! You were just quite critical with the available torque at higher speed. I told you: “Yes, we are on the runway – but no need for take off – its not a sports car.”

For a link to the video click: https://www.linkedin.com/feed/update/urn:li:activity:6708741329091866625/?commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A6708652585454190592%2C6708741309508673536)

(Reporting by Edward Taylor; Editing by Susan Fenton)

Popular and JetBlue Unveil Partnership & Two New Credit Cards

August 31, 2020 / WIL BALDWIN

Popular, the leading financial institution in Puerto Rico, and JetBlue (Nasdaq: JBLU), the largest airline in Puerto Rico, today unveiled their new partnership with the launch of two new credit cards for customers in Puerto Rico. As trusted brands on the island, both remain committed to the growth of Puerto Rico. With the new JetBlue Mastercard and the JetBlue Mastercard Eleva from Popular, every dollar gets cardmembers closer to traveling to the destination of their choice. Both cards provide an opportunity for customers to earn TrueBlue points – which never expire – even faster and on everyday purchases.

As an added benefit, both products offer a welcome bonus of either 5,000 or 25,000 TrueBlue points by meeting the purchase requirement during the first 90 days of opening the credit account. Both cards feature contactless technology that allows the customer to pay by bringing the credit card close to the Contactless Symbol of a payment terminal.

With this launch, the JetBlue Mastercard becomes the only travel card in Puerto Rico without an annual fee that allows customers to earn points for each purchase. JetBlue purchases will accumulate two TrueBlue points per $1 spent. All other purchases—groceries, restaurants, gasoline, etc.—accumulate one point per $1 spent.

The JetBlue Mastercard Eleva card, with a $99 annual fee, allows cardmembers to earn three TrueBlue points per $1 spent on JetBlue purchases and one point per $1 spent on all other purchases. This card also has additional benefits, such as a free checked bag for the cardmember and up to three travel companions when the card is used to purchase flights operated by JetBlue. It also provides a $100 annual statement credit on the purchase of a JetBlue Vacations package.

The TrueBlue loyalty program rewards members, regardless of their travel frequency. There are no blackout dates with all seats available for redemption, and points never expire. Members earn points for every dollar spent on the base fare for JetBlue-operated flights and bonus points by booking directly on jetblue.com, depending on the fare option selected. For more information regarding these products, interested parties may visit www.popular.com/jetblue.

Safran Shares Lifted by Boeing 737 MAX Restart Plan

May 28, 2020 / WIL BALDWIN

Outbreak of the coronavirus disease (COVID-19) in Renton, Washington

PARIS (Reuters) – Safran <SAF.PA> shares rose on Thursday after Boeing <BA.N> said it would restart production of its 737 MAX jet and announced further cost-cutting measures.

Shares in the French aerospace firm, which co-produces the 737 MAX’s engines with General Electric <GE.N>, were up 2.2%, while Airbus <AIR.PA> shares were 0.7% higher.

Boeing said on Wednesday it was eliminating more than 12,000 U.S. jobs, including 6,770 involuntary layoffs, as the largest American planemaker restructures in the face of the coronavirus pandemic. The move nevertheless lifted Boeing’s shares.

The U.S. rival to Airbus said it had restarted 737 MAX production at a “low rate” at its Renton, Washington factory. Reuters reported in April that regulatory approval for the MAX was not expected until at least August.

(Reporting by Sudip Kar-Gupta; Editing by David Goodman and Alexander Smith)

The Safran company logo is pictured at the company’s logistic area in Colomiers near Toulouse

Korean Air to Issue $817 Million in New Shares as Virus Strains Industry

May 14, 2020 / WIL BALDWIN

SEOUL (Reuters) – South Korea’s largest airline, Korean Air, plans to sell around 1 trillion won ($816.55 million) in new shares in its biggest rights issue in 20 years to raise funds amid mounting strains in the industry due to the pandemic.

Korean Air is the latest carrier to raise funds as travel restrictions imposed by governments around the world have led to airlines grounding their fleets worldwide.

Korean Air separately plans to receive 1.2 trillion won in support from South Korean state-owned banks.

About 79 million newly issued shares, to be listed on July 29, will be first bought by the carrier’s shareholders, including holding company Hanjin Kal which has a 30% stake in the carrier, followed by general public, the company said in a statement.

“Korean Air will continue to carry out self-rescue measures to overcome the dismal business environment due to COVID-19,” the company said.

Korean Air had 70% or more of its employees working in South Korea take a six-month leave of absence in April. Woo Kee-hong, the airline’s president, warned in March that the coronavirus outbreak could threaten its survival if the situation becomes prolonged.

Korean Air also picked last month a preferred bidder to buy its real estate and non-core assets, which some analysts value at about 400-500 billion won.

Korean Air had a debt-to-equity ratio of about 870% as of end-2019. It is expected to announce January-March quarter earnings later this week.

A spokeswoman for Korean Air said it was operating just 10% of its previously planned international schedule, and 60% of its domestic schedule.

The airline said it expects its June international schedule to rise to 20% of its previous plan, as it announced the addition of more international passenger flights to prepare for increased travel demand once COVID-19 restrictions are relaxed.

United Airlines Holdings Inc said earlier this month it plans to raise $2.25 billion through a bond offering, after announcing a public offering to raise more than $1 billion in April.

In March, Singapore Airlines said it would issue S$5.3 billion ($3.70 billion) in new equity and up to S$9.7 billion($6.78 billion) via mandatory convertible bonds in a rights issue backed by state investor Temasek Holdings.

($1 = 1,224.6700 won)

(Reporting by Joyce Lee; Editing by Simon Cameron-Moore and Louise Heavens)

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