Tag: program (Page 5 of 24)

Embraer deliveries increase 47% in second quarter 2023

August 6, 2023 / WIL BALDWIN

Sao Jose dos Campos, Brazil, August 3, 2023 – Embraer (NYSE: ERJ) delivered a total of 47 jets in the second quarter of 2023, of which 17 were commercial aircraft and 30 were executive jets (19 light jets and 11 midsize jets). During the year, the company delivered a total of 62 aircraft (24 commercial and 38 executive). The second quarter deliveries were 47% higher than in the same period from 2022. In the first half of 2023, the volume has increased 35% compared to 2022, when 46 jets have been delivered. Compared to the second quarter of 2022, deliveries volume increased by 55% in Commercial Aviation and 43% in Executive Jets. The firm order backlog ended the period at US$ 17.3 billion.

In Commercial Aviation, American Airlines signed a firm order with Embraer for seven new E175’s. The aircraft will be operated by the subsidiary Envoy Air. With deliveries to begin 4Q23, Envoy’s fleet of E-Jets will grow to over 141 aircraft by the end of 2024. Embraer also received a firm order from Binter for six E195-E2’s, which will bring Binter’s E2 fleet to 16 jets when deliveries are completed. Four E175’s also began operations with Star Air, an Indian airline that already operates E-Jets. Star Air has also extended its Pool Program contract to include the E175’s in its fleet

Malaysia’s SKS Airways closed an agreement to add ten E195-E2 jets to its fleet. In addition, SKS joined the Pool Program to support aircraft to be operated in Southeast Asia. Scoot, a low-cost subsidiary of Singapore Airlines, is also adding nine E190-E2’s to its portfolio. And Royal Jordanian Airlines reached an agreement to introduce eight E190-E2 and E195-E2 jets into its operations, with deliveries starting in the 4Q23. All three agreements involved contracts with the leasing company Azorra.

Aerial view of the Singapore landmark financial business district at twilight sunset scene with skyscraper and beautiful sky. Singapore downtown

In Executive Aviation, NetJets signed a contract with Embraer for the acquisition of up to 250 Praetor 500 jet options. The deal is valued at more than US$ 5 billion, and deliveries are expected to begin in 2025.

Voyager Space and Airbus Announce Joint Venture to Build and Operate Starlab

August 2, 2023 / WIL BALDWIN

DENVER – 02 August, 2023 – Voyager Space, a global leader in space exploration, and Airbus (OTC: EADSY) Defence and Space, the largest aeronautics and space company in Europe, today announced an agreement paving the way for a transatlantic joint venture to develop, build, and operate Starlab, a commercial space station planned to succeed the International Space Station. The US-led joint venture will bring together world-class leaders in the space domain, while further uniting American and European interests in space exploration.

Voyager was awarded a $160 million Space Act Agreement (SAA) from the National Aeronautics and Space Administration (NASA) in December 2021 via Nanoracks, part of Voyager’s exploration segment. Part of NASA’s Commercial Low Earth Orbit Development Program, this SAA sets the foundation to create Starlab, a continuously crewed, free-flying space station to serve NASA and a global customer base of space agencies and researchers.

The program’s mission is to maintain continued human presence and American leadership in low-Earth orbit (LEO). Today’s announcement builds on an agreement made public in January 2023, where Voyager selected Airbus to provide technical design support and expertise for Starlab.

In addition to the US entity, Starlab will have a European joint venture subsidiary to directly serve the European Space Agency (ESA) and its member state space agencies.

CSX and SMART-TD Partner to Deliver Enhanced Conductor Training

July 31, 2023 / WIL BALDWIN

Jacksonville, Florida, July 31, 2023 – CSX (NASDAQ: CSX) and the International Association of Sheet Metal, Air, Rail and Transportation Workers — Transportation Division (SMART-TD) announced they are partnering to extend CSX’s conductor training program to five weeks from the previous four-week regimen to provide new hires with additional hands-on experience prior to beginning on-the-job training (OJT).

The extra week of training at the CSX Training Center in Atlanta will focus on performing tasks in a field setting to increase trainees’ exposure to railcar switching scenarios, radio communication, securement of equipment, brake tests and other fundamentals of the conductor’s role. Hands-on application of these skills begins in the third week of training, and the additional week will reinforce trainees’ comfort level by providing multiple opportunities to perform the tasks while operating on first and second shifts.

CSX developed the extended training program in consultation with the SMART-TD, which represents its train crew employees. After completing their five weeks at the Atlanta Training Center, new conductors begin up to five months of OJT at their hiring location, where they learn the physical characteristics and job assignments of their designated territory.

Air France-KLM enters into discussions with Apollo Global Management for financing

July 30, 2023 / WIL BALDWIN

Air France-KLM (OTC: AFLYY) today announces that it has entered into exclusive discussions with Apollo Global Management (NYSE: APO) regarding the potential financing of E1.5bn to a dedicated operating affiliate of Air France-KLM. This entity will hold the trademark and most of the commercial partner contracts related to Air France and KLM’s joint loyalty program “Flying Blue”, and will become the exclusive issuer of miles for the airlines and partners.

This financing would be non-dilutive, structured through a quasi-equity instrument, similarly to those raised by Air France on a pool of spare engines in July 2022 and maintenance activity components in July 2023. Under this agreement, Apollo-managed funds would subscribe to perpetual bonds issued by this dedicated operating affiliate of Air France-KLM.

This financing would be accounted as equity under IFRS, allowing Air France-KLM to make a further step towards its commitment to restore its equity and strengthen its balance sheet, aside from net profit generation and/or straight hybrid bonds.

The contemplated structure related to this financing would incur no change on the operation of the program vis-à-vis the Flying Blue members, no change on social aspects nor Air France, KLM or Air France-KLM employee’s contracts.

Air France-KLM would pursue managing and operating its loyalty program and Air France and KLM would keep full ownership rights of the Flying Blue customer database.

TUI River Cruises launches Nile River cruise with fourth ship the TUI Al Horeya

July 23, 2023 / WIL BALDWIN

TUI (London: TUI) River Cruises has announced a brand-new River Nile cruise set to commence in Winter 2024 with exclusive TUI charter flights to Luxor from London Gatwick and Manchester Airports. The exciting expansion means that the river cruise line will add a fully refurbished five-star ship, to be named TUI Al Horeya, which means ‘freedom’, to operate seven-night, all-inclusive round-trip sailings from Luxor. TUI Al Horeya can accommodate 145 passengers and offers 74 cabins including singles, standard cabins and suites.

Two flights per week will operate from London Gatwick and Manchester to Luxor; a city which encompasses a mesmerizing blend of history, architecture, and culture. The new routes is exclusive to TUI, which will be the only tour operator to offer direct, non-stop flights from the UK to Luxor which will operate weekly on a Thursday from 7^th November 2024 until 24^th April 2025.

Dedicated licenced Egyptologists will be on hand throughout the trip to enhance the customer experience to be on hand to answer any questions. The modern and contemporary ship will boasts a top deck swimming pool, two whirlpools, an entertainment area, restaurant, Al Fresco dining, lounge bar, wellness studio and a boutique shop.

Like the rest of the fleet, TUI Al Horeya will include a day and night entertainment programme, as well as offering customers a wide range of excursions which have been curated by industry experts, guaranteed to transport visitors back in time to the era of pharaohs and dynasties.

RTX Collins Aerospace opens $14 million manufacturing expansion in West Des Moines, Iowa

July 22, 2023 / WIL BALDWIN

West Des Moines, Iowa, July 20, 2023 /PRNewswire/ – Collins Aerospace, an RTX (NYSE: RTX) business, today celebrated the opening of a $14 million expansion of its additive manufacturing center in West Des Moines, Iowa. The 9,000-square-foot addition provides space for the site to house several new state-of-the-art 3D metal printers. The first printer installed has eight times the build volume of the facility’s existing printers, significantly increasing the center’s additive manufacturing capabilities.

The West Des Moines facility is a world leader in the design and production of engine components for commercial and military aircraft. The new printers will allow the site to explore additive production of these components, building on the multiple land-based turbine components it already has in production. Additionally, the facility is one of only eight in the U.S. to receive the National Aerospace and Defense Contractors Accreditation Program (NADCAP) certification for Additive Manufacturing.

Additive manufacturing is a critical focus area for Collins and the business maintains a global network of additive production centers in Iowa, Minnesota, North Carolina and Singapore, along with an additive research center in Connecticut.

An Airbus A330 operated by Air China takes off from Shanghai airport

Volvo Cars Q2 results shows transformation proceeding full speed ahead

July 20, 2023 / WIL BALDWIN

Volvo Cars (OTC: VLVLY) today reports a 39 per cent increase in operating profits, excluding joint ventures and associates, to SEK 6.4 bn and a corresponding EBIT margin of 6.3 per cent for the second quarter of 2023. The result came despite a SEK 0.9 bn, non-recurring item related to the redundancy programme announced in May, part of securing a more efficient and sustainable cost base for the future. Without this item, the underlying EBIT margin, excluding joint ventures and associates, was 7.2 per cent in the second quarter. This illustrates that the solid underlying performance momentum from the first three months of the year continued during this past quarter.

Click the link below to read the entire press release!

https://www.media.volvocars.com/global/en-gb/media/pressreleases/316863/volvo-cars-q2-results-full-speed-ahead-in-transformation-with-a-solid-business-performance

First Qantas Group A220 on assembly line as Australians invited to help name new fleet

July 15, 2023 / WIL BALDWIN

The Qantas Group’s (OTC: QABSY) first Airbus A220 aircraft has started construction, marking a key milestone for the Group as its fleet renewal program ramps up.

The aircraft’s major airframe components, including the centre and rear fuselage, are coming together at Airbus’ production facility in Mirabel, Canada, with the first of 29 aircraft expected to arrive in Australia before the end of the year. As the first A220 to be operated in Australia, the aircraft will undergo regulatory approvals, airport readiness and training activities before it joins the QantasLink fleet in early 2024. QantasLink has also commenced training its pilots to operate the new aircraft.

The next generation A220s will gradually replace QantasLink’s Boeing 717 fleet which operate routes across Australia.

The first QantasLink A220 will operate flights between Melbourne and Canberra, with subsequent aircraft to be deployed to other parts of the regional and domestic network. With double the range of the 717, the A220 is also expected to open up new domestic and short-haul international routes as more aircraft enter the fleet.

With production now in full swing, the Qantas Group is calling on Australians to help name its fleet of new A220s, based around the theme ‘native wildlife’.

From today, Australians can nominate up to six names via a dedicated page on qantas.com. A shortlist will then be released so the public can vote for their favourites before the final names are revealed.

Qantas ran a similar competition to name its Boeing 787 Dreamliner fleet with iconic Australian names in 2017, with more than 10,000 submissions received.

QantasLink CEO John Gissing said the production milestone marked an important step in the renewal of the airline’s fleet.

Rex intends to be aerial operator for Australian Antarctic Division

July 15, 2023 / WIL BALDWIN

Regional Express Group (Rex) has revealed that it has submitted a response to the Request for Information (RFI) issued by the Australian Antarctic Division (AAD) as a precursor to Rex’s intention to be the next aerial operator of the Australian Antarctic Program.

The Program is the most ambitious ever in AAD’s history and looks at bringing together all the highly specialised aerial operations under one operator’s command. The Program calls for significantly expanded capabilities comprising one large intercontinental passenger jet capability, four intracontinental turbo-prop aircraft able to operate on skis, four twin-engine helicopters which can operate both on land and on the Division’s flagship the RSV Nuyina, plus a significant scaling up of Uncrewed Aerial System (UAS) capability for the Division’s operations during the Antarctic Austral Summer (October to March).

Recognising the unique challenges of operating in the Antarctic environment, Rex has assembled an Antarctic Advisory Panel (AAP) comprising the foremost experts in this field with in-depth and practical knowledge of actual aerial operations to the Antarctic as well as design expertise on adapting aerial platforms with skis suitable for landing on unprepared terrain on the Antarctic Continent.

The AAP has guided Rex’s response to the RFI and will spend the next five months preparing the optimal solution ahead of the Request for Tender expected in November this year.

Rex intends to lead a consortium of industry partners that will operate some aspects of the Program that require more specialised expertise.

Rex is Australia’s largest independent regional and domestic airline operating a fleet of 58 Saab 340 and 7 Boeing 737-800NG aircraft to 57 destinations throughout all states in Australia. In addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation (air freight, aeromedical and charter operator), the Australian Airline Pilot organisation, Australian Aerospace Propeller Maintenance. Rex is also a 50% shareholder of National Jet Express (NJE), a premier Fly-In-Fly-Out (FIFO), charter and freight operator.

Virgin Atlantic Cargo announces SAFc Program

July 13, 2023 / WIL BALDWIN

Virgin Atlantic Cargo has announced a Sustainable Aviation Fuel Certificate (SAFc) program, designed to help freight forwarders and shippers manage their carbon emissions whilst demonstrating joint commitment to scaling the SAF industry.

Customers participating in the scheme will contribute to the airline’s purchase of SAF, receiving a SAF certificate for the associated scope 3 emissions reductions. Customers will also benefit from detailed insight into their Scope 3 air freight emissions via Virgin Atlantic Cargo’s own air freight carbon calculator. Developed in-house and independently certified, the calculator uses an industry recognised methodology and Virgin Atlantic’s actual flight emissions data to provide powerful insights to participating customers, enabling them to take action on their carbon footprint.

DB Schenker is the first to participate in the scheme with the purchase of over several thousand tonnes of scope 3 emissions reductions. The global logistics service provider is continuously expanding its SAF based air freight solutions.

The SAFc programme is driven by the airline’s commitment to 10% SAF by 2030 on the pathway to Net Zero 2050. The scheme creates a broader industry coalition that can provide further proof of the demand and support needed to scale a UK SAF industry which is key to decarbonising aviation.

Virgin Atlantic’s first UK SAF supply of 2.5 million litres of Neste Oyi neat SAF delivered into London Heathrow in 2022 is fuelling the programme. This is an important milestone as the airline scales it’s use and commitment to SAF in the UK.

Virgin Atlantic and Virgin Atlantic Cargo are committed sustainability leaders. The airline operates one of the youngest and fuel efficient commercial fleets across the Atlantic and has over fifteen years of supporting SAF development, including ambitions to fly the world’s first 100% SAF transatlantic flight later this year.

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