Tag: States (Page 5 of 16)

AirAsia Group Welcomes Dr. Stanley Choi as Substantial Shareholder

February 28, 2021 / WIL BALDWIN

AirAsia Group Berhad (Kuala Lumpur: 5099.KL) is pleased to announce that Dr. Stanley Choi Chiu Fai has joined the Group as a substantial shareholder via his wholly-owned entity Positive Boom Ltd. on 18 February 2021. He acquired 167.1 million AirAsia shares in the first tranche of the private placement, raising his shareholding in the group to 332.5 million shares equating to a 8.96% stake.

Dr. Stanley Choi is the Chairman of Head & Shoulders Financial Group, as well as the Chairman and Executive Director of International Entertainment Corporation (IEC), a company listed on the main board of Hong Kong Stock Exchange (1009.HK). He is also the only co-founding member from Hong Kong for YunFeng Capital – a private equity fund started in 2010 by a group of successful entrepreneurs and influential industry leaders, named after its co-founder Jack Ma Yun, founder of Alibaba Group, and David Yu Feng, founder of Target Media.

His previous directorships include his appointment as Executive Director of Target Insurance (Holdings) Limited (stock code: 6161.HK) from 2014 to 2019, Director of ZhongAn Online P&C Insurance Co. Limited (stock code: 6060.HK) from 2013 to 2016 and Executive Director of Media Asia Group Holdings Limited (stock code: 8075.HK) from 2011 to 2015.

The successful businessman possesses more than 20 years of experience in financial services and merger & acquisition transactions, with a particular focus on private equity investment. He was a seed investor of Kidswant, a Chinese-startup that has now become a leading maternity, baby and children’s product retailer in China with a valuation of over USD3 billion.

Dr Stanley Choi, Chairman of Head & Shoulders Financial Group said: “It is my great pleasure and honour to gain a substantial ownership stake in AirAsia Group – the world’s best low cost airline and one of Asia’s biggest known brands that has successfully pivoted into digital business as well. I believe the worst period in the aviation industry’s history has now passed. I am confident that air travel will bounce back and that under Tan Sri Tony’s and Datuk Kamarudin’s leadership, and with vaccines being rolled out across the region and globally, AirAsia has a very bright future ahead. I look forward to working with everyone at AirAsia.”

Datuk Kamarudin Meranun, Executive Chairman of AirAsia Group said: “We are thrilled to welcome Dr Stanley Choi as a strategic shareholder of AirAsia Group, bringing an impressive track record and solid reputation as a business powerhouse to our Group. We are confident that he will add value to our digital business development in China through his vast experience and network with top digital players in the country.

Dr Stanley Choi graduated with a Master’s Degree of Science from the University of Illinois at Urbana Champaign, United States in 1996. In 2013, he obtained a Doctoral Degree of Business Administration from the City University of Hong Kong.

Austrian Airlines sells three Boeing 767s to US company MDI

February 27, 2021 / WIL BALDWIN

Austrian Airlines has found a buyer for the three long-haul aircraft that were up for sale. The Boeing 767-300ER aircraft will go to the U.S. company MonoCoque Diversified Interests. The purchase agreement has already been signed. The parties have agreed not to disclose the purchase price. The first aircraft, registered OE-LAT, will leave Vienna at the beginning of March for Pinal Airpark, Arizona. The aircraft is currently undergoing all the necessary preparations for the handover. The next transfer flight is scheduled for May with the Boeing 767 registered OE-LAX.

“Being able to sell all three Boeing 767’s to one buyer is very gratifying and a big step for our fleet transition”, says Austrian Airlines CEO Alexis von Hoensbroech. “I would like to thank MonoCoque Diversified Interests for the good negotiations and our team for their great commitment.”

“MDI is excited to continue the growth of its passenger and cargo aviation portfolio with the addition of three 767-300ERs”, adds MDI’s manager Mary Alice Keyes. “It has been a pleasure to work with Austrian Airlines, a group with a long history and outstanding pedigree.”

At an average of 28.5 years, the three 767’s sold are among the oldest aircraft in the Austrian Airlines fleet. The remaining three 767’s are between 20 and 22 years of age. After the completed handover, Austrian Airlines will continue to have nine long-haul jets at its disposal, which will connect Austria with destinations around the globe – from the USA to the Far East. In detail, these are six Boeing 777’s with over 300 seats and three Boeing 767’s with over 200 seats.

Until the beginning of 2022, 28 aircraft will leave the fleet of Austria’s home carrier: In addition to the aforementioned three Boeing 767-300ER’s, 18 Dash turboprops and seven Airbus A319 jets will be handed over. Ten turboprops have already left Vienna, with the remaining eight to follow soon. This means that the fleet will consist of around 60 aircraft by the beginning of 2022. As mainly smaller aircraft will be retired, this corresponds to a capacity reduction of around 20 percent.

Emirates Restarts Flights to Newark, New Jersey Via Athens, Greece

February 22, 2021 / WIL BALDWIN

Dubai, UAE, 22 February 2021 –Emirates has announced it will resume daily services to Newark via Athens from 1^stJune 2021. The resumed flight will provide global travellers with another access point to the popular New York Metropolitan area, serving the large Greek-American community in the United States while offering a convenient connection to travellers headed towards the Middle East, West Asia, and Africa via Dubai.

The addition of Newark via Athens will take Emirates’ US network to 10 destinations following the resumption of services to Seattle, Boston, Chicago, Houston, Los Angeles, New York JFK, Washington DC, Dallas and San Francisco (to resume on 2^nd March).

The Dubai-Athens-Newark flight will operate daily with a three-class Boeing 777-300ER, complementing Emirates’ double daily flights to New York (JFK) as the airline continues to expand across North America. The resumed link between Greece and the US will open up year round connectivity, facilitate trade, boost tourism and benefit consumers by providing them with choice and convenience. Emirates will also increase its flights to the Greek capital, Athens, flying daily to support the newly resumed service.

Emirates flight EK209 will depart Dubai at 1050hrs, arriving in Athens at 1500hrs before departing again at 1735hrs and arriving into Newark Liberty International Airport at 2120hrs on the same day. The return flight EK210 will depart Newark at 2355 hrs, arriving in Athens at 1605hrs the next day. EK210 will depart once again from Athens the next day at 1805hrs bound for Dubai where it will arrive at 2335 hrs (all times are local).

Emirates has safely and gradually restarted operations across its network. Since it safely resumed tourism activity in July, Dubai remains one of the world’s most popular holiday destinations, especially during the winter season. The city is open for international business and leisure visitors. From sun-soaked beaches and heritage activities to world class hospitality and leisure facilities, Dubai offers a variety of world-class experiences. It was one of the world’s first cities to obtain Safe Travels stamp from the World Travel and Tourism Council (WTTC) – which endorses Dubai’s comprehensive and effective measures to ensure guest health and safety.

Mesa Air Group Reports January 2021 Operating Performance

February 19, 2021 / WIL BALDWIN

Mesa-2-18-21

Shell Selects H160 for Operation by PHI in Gulf of Mexico

February 19, 2021 / WIL BALDWIN

Marignane, France, 15, February, 2021 – International energy group Shell has selected leading US offshore helicopter operator PHI to operate four Airbus H160’s to service a support contract in the Gulf of Mexico. The contract marks the entry into the oil and gas market of the H160 with a wealth of design features promising new levels of safety, comfort and schedule reliability in offshore operations.

The three companies – Airbus, PHI and Shell – are cooperating in a unique partnership. In a pioneering move, Airbus will provide one H160 ahead of final deliveries to PHI and Shell for a year-long route-proving programme to enable the operator and the final customer to familiarize themselves with the type’s advanced features and mitigate the normal challenges around entry into service.

At PHI it will be based at Houma, Louisiana and join a large company fleet of H125’s and H135’s deployed in emergency medical service throughout the United States, as well as two H145’s operating for Shell on pipeline survey work in Louisiana, and two H145’s flying the world’s longest harbour pilot shuttle in Mackay, Australia.

With 68 patents, the H160 is the world’s most technologically advanced helicopter and features an unprecedented suite of pilot aids delivered through its Helionix avionics which substantially reduces crew workload and decreases the risk of pilot error.

They include the world’s first ground helipad assisted take-off procedure, a vortex ring state pre-alerting system and a recovery mode to automatically regain steady flight in difficult circumstances.

The H160 is powered by two of the latest Arrano engines from Safran Helicopter Engines and incorporates an embedded monitoring system and a redundancy of sensors, and can be maintained autonomously far from base. The design emphasises robust corrosion defence specifically envisaging offshore missions.

United Announces New Nonstop Service Between Boston Logan & London Heathrow

February 19, 2021 / WIL BALDWIN

CHICAGO, Feb. 19, 2021 /PRNewswire/ — United Airlines (Nasdaq: UAL) today announced plans to expand its global route network with new, nonstop service between Boston Logan International Airport and London Heathrow. This new service builds upon United’s growing presence in London and provides customers on the East Coast with another convenient option to get to London. United plans to operate its premium Boeing 767-300ER aircraft on the route, with 46 United Polaris Business Class and 22 United Premium Plus seats. The aircraft features the highest proportion of premium seats on any widebody aircraft operated by a U.S. carrier between London and the United States.

“We are thrilled to offer travelers a convenient, non-stop option between Boston and London with this addition to our global network,” said Patrick Quayle, United’s vice president of International Network and Alliances. “We will continue to monitor the demand recovery and travel restrictions as we finalize a start date for this service later in 2021.”

Tickets will be available for purchase on united.com and the United app in the coming weeks.

United has provided service to London Heathrow for nearly 30 years and over the course of the pandemic has maintained continuous service between the U.S. and London. Looking ahead, Boston will be United’s 19th daily flight between the United States and London Heathrow.

	Boston – London Schedule
	From	To	Depart	Arrive	Frequency	Aircraft
Boston	London	10:00 p.m.	9:35 a.m.⁺¹	Daily	767-300ER
London	Boston	5:00 p.m.	7:30 p.m.	Daily	767-300ER
	Schedule subject to change

United’s Polaris product is a premium travel experience that prioritizes relaxation and comfort with features that include everything from custom, luxury bedding from Saks Fifth Avenue and restaurant-quality, multi-course inflight dining to premium amenity kits and full flat-bed seats with direct aisle access. Along with its 46 Polaris Business Class seats, the aircraft also features 22 United Premium Plus seats, 43 United Economy Plus seats and 56 United Economy seats.

Committed to Ensuring a Safe Journey

United is committed to putting health and safety at the forefront of every customer’s journey, with the goal of delivering an industry-leading standard of cleanliness through its United CleanPlus program. United has teamed up with Clorox and Cleveland Clinic to redefine cleaning and health safety procedures from check-in to landing and has implemented more than a dozen new policies, protocols and innovations designed with the safety of customers and employees in mind.

Embraer Cheers Brazilian Government Decision to Review Aeronautic Sector Subsidies

February 18, 2021 / WIL BALDWIN

São Paulo, Brazil, February 18, 2021 – Embraer (NYSE: ERJ) welcomes the Brazilian Government’s decisions to withdraw its ongoing World Trade Organization (WTO) dispute with Canada regarding aeronautical subsidies and to launch negotiations on more effective disciplines to regulate government support in the Commercial Aviation segment.

At the WTO, Brazil challenged more than USD 3 billion in illegal subsidies that the Governments of Canada and Quebec provided to Bombardier for the launch, development and production of the C-Series program. These subsidies distorted the conditions of competition in the global market for commercial aircraft, causing serious prejudice to Embraer, in clear violation of WTO rules.

Although Brazil has a strong case, the WTO dispute became ineffective to address the Canadian subsidies and to remedy the distortions generated in the market. After Bombardier exited the Commercial Aviation segment and transferred the C-Series program (now called A220) to Airbus, which has a second assembly line in the United States, the trade dispute against Canada at the WTO is no longer the most effective means to achieve Brazil’s and Embraer’s goal of reestablishing a level playing field in this sector.

Embraer also supports Brazil’s initiative to launch negotiations for more effective disciplines on government support in the commercial aviation segment, as the best way to achieve this goal, as previously seen with the successful experience of the OECD’s Aircraft Sector Understanding (ASU), signed in 2007 to regulate export credits. Ultimately, Embraer believes that commercial aircraft manufacturers should compete against each other based on the merits of their product, not on the amount of funding they receive from their governments.

U.S. Marine Corps Awards BAE Systems $184 Million for Additional ACV’s

February 14, 2021 / WIL BALDWIN

BAE Systems (OTC: BAESY) has received a $184 million contract option from the U.S. Marine Corps for more Amphibious Combat Vehicles (ACV) under full-rate production. The order demonstrates the Marine Corps’ confidence in a program that is on track to deliver this critical capability to the Marines. This contract award will cover production, fielding, and support costs for the ACV personnel carrier (ACV-P) variant. BAE Systems was awarded the first full-rate production contract option in December for the first 36 vehicles. This option on that contract increases the total number of vehicles under full-rate production to 72, for a total value of $366 million.

The ACV is a highly mobile, survivable, and adaptable platform for conducting rapid ship-to-shore operations and brings enhanced combat power to the battlefield. BAE Systems is under contract to deliver two variants to the Marine Corps under the ACV Family of Vehicles program: the ACV-P and the ACV command variant (ACV-C). A 30mm cannon (ACV-30) is currently under contract for design and development and a recovery variant (ACV-R) is also planned.

The Marine Corps selected BAE Systems along with teammate Iveco Defence Vehicles for the ACV program in 2018 to replace its legacy fleet of Assault Amphibious Vehicles (AAV), also built by BAE Systems. BAE Systems was also recently awarded an indefinite delivery indefinite quantity (IDIQ) contract worth up to $77 million for the ACV program that includes the provision of spare and replacement parts, testing equipment, and other services.

ACV production and support is taking place at BAE Systems locations in Stafford, Virginia; San Jose, California; Sterling Heights, Michigan; Aiken, South Carolina; and York, Pennsylvania.

Tesla to set up electric car manufacturing unit in southern India

February 13, 2021 / WIL BALDWIN

From Reuters News by By Bhargav Acharya and Aakriti Bhalla…

BENGALURU, India, February 14 (Reuters) – Billionaire Elon Musk’s Tesla, Inc. (Nasdaq: TSLA) will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday.

“The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” the state government said in a brief statement.

The statement was part of a broader document outlining the highlights of India’s budget to its people in the local language of Kannada.

Click on the link below to read the full story!

https://finance.yahoo.com/news/1-tesla-set-electric-car-190327441.html

Aerial photography of the Pilatus PC-24, owned by Skytech, flying over Douglas Lake west of Asheville. Asheville Regional Airport (AVL) Asheville NC USA

Pilatus Aircraft Offers PC-24 With 10-Seat Commuter Interior

February 12, 2021 / WIL BALDWIN

A first PC-24 with high-utility 10-seat commuter configuration has been delivered to a customer in the western United States, allowing the Super Versatile Jet to prove yet again how it is an excellent fit for the widest of mission profiles.

Pilatus now offers a commuter configuration for up to ten passengers, delivering a safe, efficient, private, cost-effective corporate travel solution for company employees. Each seat is installed with a quick-release mechanism allowing easy cabin reconfiguration for all transportation requirements.

Passengers and cargo transport

The PC-24’s payload capacity of 1,134 kilogrammes and standard large cargo door enable operators to load large, bulky items that no other business jet is capable of carrying with such flexibility. The cabin features a private lavatory which can be serviced from the exterior. Unlike many other light and midsize jets in this category, the lavatory seat is not used as a passenger seat: the loss of comfort for the passenger is simply too great.

Seat pitch in the commuter configuration varies from 34 (86) to 40 inches (102 centimetres). Each seat features a side storage compartment and cup holder as well as one USB charging port. On top of that, four 115-volt power outlets in the cabin enhance in-flight productivity. The PC-24’s entirely flat floor also adds to comfort on long trips.

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