Tag: financial (Page 6 of 23)

Airbus Fly-By-Wire Visionary Bernard Ziegler Passes Away

May 5, 2021 / WIL BALDWIN

Toulouse, France 5 May 2021 – Airbus (OTC: EADSY) is saddened to learn of the passing of Bernard Ziegler, at the age of 88. Ziegler, one of Airbus’ engineering pioneers, was instrumental in the introduction of the world’s first digital Fly-By-Wire (FBW) and side stick controls in a commercial passenger aircraft with the A320 in 1988.

Ziegler’s career spanned some four decades. He realised the full potential that digital FBW could bring, including flight envelope protection incorporated into the control software. Ziegler’s legacy lives on with digital FBW on all current generation Airbus aircraft, and its adoption as the standard on all modern passenger aircraft globally.

Born in 1933, in Boulogne sur Seine, Ziegler graduated from the French “Ecole Polytechnique” in 1954 and, later, from several engineering and flight training schools (Ecole Nationale de l’Air, Ecole de Chasse, Ecole Nationale Supérieure de l’Aéronautique, Ecole du Personnel Navigant Essais). For ten years, he was a fighter pilot in the French Air Force.

During the early 1960s he studied aeronautical engineering at ENSA (l’Ecole Nationale Supérieure de l’Aéronautique) in Toulouse, which is now ISAE-SUPAERO. He then attended prestigious flight test pilot school EPNER, before taking up a career as a military test pilot.

Ziegler joined Airbus as its chief test pilot in 1972 and was given the task of setting up a new flight test division. He put together a team that shared the objectives of both the design office and the partner countries, fostering collaboration between flight test crews and design engineers.

As a test pilot, he flew the first flight of the first A300 in 1972. The programme was later on an early testbed for FBW which transfers the pilot’s commands to the aircraft via digital signals. FBW provides significant benefits through commonality, improved flight safety, reduced pilot workload, fewer mechanical parts, and real-time monitoring of all aircraft systems.

He also flew the A310, A320 and A340-200. In June 1993, Ziegler participated in the longest flight ever undertaken by a civil aircraft, when an A340-200, dubbed the “World Ranger”, flew around the world from Paris with just one stop in Auckland in just over 48 hours.

Up until his retirement in December 1997, Ziegler was Airbus Senior Vice President of Engineering.

JetBlue Takes Delivery of A321LR with First Airspace Interior

April 29, 2021 / WIL BALDWIN

Hamburg, Germany, 29 April 2021 – U.S.-based JetBlue Airways (Nasdaq: JBLU) has taken delivery of its first of 13 A321LR aircraft featuring Airbus’ new Airspace interior. These new A321LRs support JetBlue’s plan to open its highly anticipated transatlantic services, starting with direct flights to London later this year. In addition to these 13 new A321LRs, the airline also has on order another 57 Airbus aircraft comprising other A321neo variants – which will also feature Airspace cabins. By bringing Airspace to the Single-Aisle Family, JetBlue’s A321 cabins will be the very first to feature Airbus’ new award-winning cabin design-language and passenger-pleasing cabin features – which are consistent with Airbus’ A330neo and A350 Widebody aircraft.

Airspace brings to the A320 Family the following passenger-pleasing cabin enhancements: unique welcome and customisable hero lighting (which helps reduce jet lag); new slimmer sidewall panels for extra personal space at shoulder level; better views through the windows with their redesigned bezels and completely integrated window shades; the latest full LED lighting technologies; the largest overhead bin in class; and new lavatories with hygienic touchless features and antimicrobial surfaces.

In addition to these Airspace elements, the A320 Family’s wide cabin cross-section also enables JetBlue to offer its passengers true long-haul comfort in all classes, with 24 full-flat adaptive-mattress seats in the airline’s Mint premium-class private suites, while 114 economy passengers will appreciate the widest 18.4inch seats with a contoured seat-back for extra knee space. Most of these economy seats will offer a full 32inch pitch, while four rows will be optimised for “Even More Space” seating — offering around an additional five inches for the most legroom in any transatlantic economy class seat.

JetBlue’s passengers in these A321LRs will also be able to stay connected throughout the flight with the airline’s unlimited, free high-speed Wi-Fi. In addition, they will have access to a curated selection of live TV channels focused on news and sports, and an extensive library of seatback entertainment – allowing for a ‘multiple screen’ experience onboard. Seats will also feature easy-to-reach in-seat power, featuring AC and USB-C ports to keep their hand-held devices fully charged. As well as offering the rich portfolio of entertainment and connectivity options for each passenger, the in-seat equipment on these aircraft will also put the customer in control of their food choices, allowing them to customize their own meal right on their seatback screen.

In 2017 at the APEX Expo in Long Beach, JetBlue was unveiled as the launching customer for Airbus’ Airspace cabin for the A320 Family. Following the announcement, Airbus and JetBlue worked together to bring to reality a new level of passenger experience for JetBlue’s passengers in its A321LRs featuring Airspace for the first time.

The longstanding partnership between Airbus and JetBlue began in 1999 when JetBlue was launched and took delivery of its first A320. Two years later the airline placed an order for 48 Airbus planes. Following years of extraordinary growth, JetBlue now operates a fleet of more than 200 A320 and A321 aircraft and has around another 70 on order — including more of these A321LRs, as well as other A321neo variants – all of which will feature Airspace interiors. In addition, the airline has also placed orders for Airbus’ smallest Single-Aisle Family member, the A220 airliner, the first of which will soon enter service.

The A321LR, a member of the A320neo Family, delivers 30 percent fuel savings and nearly 50 percent reduction in noise footprint compared to previous generations of aircraft. With an increased range of up to 4,000nm (7,400km), the A321LR is the unrivalled long-range route opener, featuring true transatlantic capability and premium wide-body comfort in a single-aisle aircraft cabin. With its new fleet the airlines benefit from the lowest operating costs in the respective size categories, as well as the unique commonality between variants of the Airbus Family.

Embraer Signs Heavy Maintenance Services Agreement with CommutAir

April 28, 2021 / WIL BALDWIN

Orlando, FL, April 28, 2021 – Today at MRO Americas, a leading aeronautical maintenance event, Embraer announced that CommutAir, a United Express carrier, has selected Embraer Aircraft Maintenance Services (EAMS) in Macon, Georgia, as one of its primary heavy maintenance providers for the airline’s fleet of ERJ 145 aircraft. The multi-year agreement includes airframe maintenance, modifications and repair services provided by Embraer’s portfolio of solutions.

In July 2020, CommutAir became the sole regional partner to operate the ERJ 145 for United Airlines. CommutAir maintains the largest ERJ 145 fleet in the world with 168 aircraft.

CommutAir is a regional airline operating flights on behalf of United Airlines as United Express. With our fleet of Embraer 145 aircraft, we operate roughly 200 daily flights, connecting people and communities to the world via United’s global network. Headquartered in Cleveland, we have hubs in Denver, Houston, Washington Dulles, and Newark, with a maintenance base in Albany, New York. We are looking for individuals to join our 1,300 diverse professionals who work together to deliver safe, caring, dependable, and efficient service.

Aerial panorama on Baku

Silk Way West Airlines Orders Five Boeing 777 Freighters

April 28, 2021 / WIL BALDWIN

BAKU, Azerbaijan, April 28, 2021 /PRNewswire/ – Boeing [NYSE: BA] and Silk Way West Airlines today announced the private cargo operator will expand its international network with an order for five 777 Freighters. The deal marks the first purchase of the long-range, high capacity twin-engine freighter in the Caspian region and Central Asia. The airplanes will enable the airline to increase its capacity to meet growing cargo demand around the globe.

Silk Way West Airlines and Boeing leaders announced the agreement during a signing ceremony in Baku that included Akhundov; Rashad Nabiyev, Minister of Transport, Communications and High Technologies of Azerbaijan; and Earle D. Litzenberger, U.S. ambassador to Azerbaijan, as well as Stan Deal, president and CEO of Boeing Commercial Airplanes.

The 777 Freighter is the world’s largest, longest range and most capable twin-engine freighter. The airplane’s better fuel efficiency and ability to reduce CO₂ emissions by 17% compared to legacy airplanes will contribute to the carrier’s sustainability goals. With a range of 9,200 kilometers, the 777 Freighter can carry a maximum payload of 102,000 kilograms, allowing Silk Way West Airlines to make fewer stops and reduce landing fees on long-haul routes.

Designed to integrate smoothly with existing cargo operations, the 777 Freighter will provide Silk Way West Airlines operational flexibility with five 747-8 Freighters and seven 747-400 Freighters the carrier currently operates. The 747 and 777 freighters are capable of carrying tall and outsized cargo loads on 3-meter-tall pallets. This common main-deck pallet height capability enables interchangeable pallets. Additionally, the 777 Freighter main deck side cargo door is 3.72 meters wide, giving the freighter outsized carriage capability beyond tall payloads.

The 777 Freighter is Boeing’s top-selling freighter of all time. Customers from around the world have ordered 247 777 Freighters since the program began in 2005. The market leader in air cargo aircraft, Boeing provides more than 90% of the worldwide dedicated freighter capacity, including new production and converted aircraft.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Founded in 2012 in Baku, Silk Way West Airlines is the largest cargo airline in the Caspian Sea region with an annual cargo turnover of 350,000 tons. Based at Heydar Aliyev International Airport in Baku, the airline operates approximately 350 monthly scheduled flights to 40 destinations around the world.

Vonlane’s Comeback Continues With More Routes Opening Up on May 1, 2021

April 27, 2021 / WIL BALDWIN

Vonlane, The Texas private jet on wheels bus service provider, has announced the resumption of 2 more routes! Service between San Antonio and Houston will resume starting on May 1, 2021. Service between Fort Worth and Austin will resume starting May 2, 2021.

Be sure to check out all of Vonlane’s routes and make your reservations by clicking the link below!

https://vonlane.com

Embraer Delivers Nine Commercial and 13 Executive Jets in First Quarter of 2021

April 27, 2021 / WIL BALDWIN

São José dos Campos – Brazil, April 27, 2021 – Embraer (NYSE: ERJ) delivered a total of 22 jets in the first quarter of 2021, of which nine were commercial aircraft and 13 were executive jets (10 light and three large). As of March 31st, the firm order backlog totaled USD 14.2 billion.

During 1Q21, KLM Cityhopper, the regional subsidiary of KLM Royal Dutch Airlines, received its first E195-E2 jet. This first E2 delivery to KLM, and lessor ICBC Aviation Leasing, elevated the total number of Embraer jets in the KLM Cityhopper fleet to 50 aircraft.

In the same period, Air Peace, Nigeria and West Africa’s largest airline, took delivery of its first E195-E2 aircraft. Air Peace is the launch customer in Africa for the E2. The airline is also the global launch customer for Embraer’s innovative premium staggered seating design.

Also, during the first quarter, Embraer delivered the first conversion of a Legacy 450 to a Praetor 500 jet for AirSprint Private Aviation. The Canadian fractional ownership company has another Legacy 450 scheduled to convert to a Praetor 500 this year, in addition to the delivery of a brand-new Praetor 500, also expected in 2021. With these additions, AirSprint will have three Praetor 500s in its fleet, and a total of nine Embraer aircraft.

Spirit Airlines Announces Offering of Convertible Senior Notes Due 2026

April 27, 2021 / WIL BALDWIN

MIRAMAR, Fla., April 27, 2021 /PRNewswire/ — Spirit Airlines, Inc. (NYSE: SAVE) (“Spirit”) today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the “Convertible Notes” and such offering, the “Convertible Notes Offering”). Spirit intends to grant the underwriters of the Convertible Notes Offering a 30-day option to purchase up to $60,000,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.

Spirit is also separately conducting a registered direct offering of shares of its common stock (the “Common Stock Offering”) to certain holders of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”).

Spirit expects to use a portion of the net proceeds from the Convertible Notes Offering to repurchase a portion of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”) for cash pursuant to privately negotiated agreements with a limited number of current holders of such 2025 Convertible Notes, which agreements are conditioned upon the consummation of the Convertible Notes Offering. Spirit expects to use any remaining net proceeds from the Convertible Notes Offering for general corporate purposes. Spirit expects to use the net proceeds from the Common Stock Offering to redeem up to 40% of the original outstanding principal amount, or up to $340 million, of its 8.00% Senior Secured Notes due 2025 at a redemption price equal to 108.0%, plus accrued and unpaid interest on the principal amount being redeemed up to, but excluding, the redemption date.

The closing of neither the Common Stock Offering nor the Convertible Notes Offering is conditioned upon the closing of the other offering.

Click the link below to view the full press release!

https://ir.spirit.com/news-releases/news-details/2021/Spirit-Airlines-Announces-Offering-of-Convertible-Senior-Notes-Due-2026/default.aspx

Air Cairo Receives First Airbus A320neo

April 27, 2021 / WIL BALDWIN

Hamburg, Germany 26 April 2021 – Air Cairo, Egypt’s low-fare airline, has taken delivery of its first A320neo aircraft. The new aircraft will join Air Cairo’s all Airbus fleet of seven aircraft. The aircraft is on lease from ICBC Leasing and is equipped with CFM LEAP-1A engines.

With improved levels of efficiency, the new aircraft will be deployed on Air Cairo’s regional and international network to serve countries across Europe, Africa and the Middle East – demonstrating the operational flexibility of the A320neo. Air Cairo’s fleet expansion and modernization strategy coincides with the airline’s decision to open more routes, fostering closer links with countries across continents.

Offering the airline exceptional technical, economic and environmental performance, Air Cairo’s A320neo is configured with 186 seats in an all-economy-class cabin. Passengers onboard the aircraft will benefit from the widest cabin of any single-aisle aircraft and the latest generation in-flight entertainment system.

The A320neo Family incorporates the very latest technologies including new generation engines, Sharklets and aerodynamics, which together deliver 20% in fuel savings and CO2 reduction compared to previous generation Airbus aircraft. The A320neo Family has won more than 7,450 orders from over 120 customers.

British Airways Launches London City Flights to Jersey and Gibraltar

April 19, 2021 / WIL BALDWIN

British Airways has today announced the launch of two new routes to Jersey and Gibraltar from London City Airport. Operating initially over the summer period, the routes will launch on 25 June, 2021. Two flights a week will operate to Jersey and Gibraltar – on Mondays and Fridays – offering important air links for business travellers, holiday makers and those visiting friends and relatives as regulations ease, as well as for cargo.

With fares starting from just £42 to Jersey and £43 to Gibraltar each way*, customers can book from today via ba.com. Customers benefit from British Airways’ flexible booking policy, offering customers no change fees or a voucher exchange for bookings made for travel before the end of April 2022, giving customers a large variety of options should their plans change.

Minister for Business, Tourism, Transport and the Port of Her Majesty’s Government of Gibraltar the Hon Vijay Daryanani MP said: “This is excellent news and continues to show the confidence that the industry has in Gibraltar as a destination. A seasonal link with London City Airport operated by BA CityFlyer brings yet another operator to Gibraltar and opens up a further catchment area from the UK. This service will complement BA’s mainline services from Heathrow and the local business and financial services community will undoubtedly welcome a link to London’s financial district. Our tourism, retail and hospitality industries can also look forward to greeting customers from the City and the east London catchment area.”

Both flights will be operated by BA CityFlyer’s Embraer E190 aircraft. British Airways will continue to operate its services to Jersey and Gibraltar alongside these new London City services.

British Airways has introduced a range of safety measures and partnerships to make the travel experience simple and enjoyable during and after the pandemic. These include partnerships with testing provider Qured, and mobile travel health app VeriFly.

Southwest Airlines Eugene, Oregon Service to Begin August 29, 2021

April 18, 2021 / WIL BALDWIN

Southwest Airlines Company (NYSE: LUV) today published an initial flight schedule for Eugene Airport (EUG) in Oregon, bringing the airline’s low fares, flexible policies, and Hospitality closer to more outdoor attractions in the Pacific Northwest. Southwest Airlines® will offer nonstop, roundtrip service once daily to Las Vegas and twice daily to Oakland in the Bay Area, bringing additional same-plane or connecting roundtrip service daily between Eugene and more than 30 airports across the Southwest route map.

“We welcome new Customers to Southwest as we continue an expansion across the nation to bring additional service and open new cities,” said Andrew Watterson, Southwest Airlines Executive Vice President & Chief Commercial Officer. “The addition of Eugene to our map positions easy access to Southwest all around Track Town USA, and is a request from leisure and business travelers who value our flexibility and Hospitality.”

EUGENE, OREGON FLIGHTS NOW AVAILABLE FOR PURCHASE
Beginning Aug. 29, 2021, Southwest will commence service to a second city in Oregon, having served Portland since 1994. Southwest Customers will be able to experience the vibrant arts, college athletics, and outdoor beauty of Eugene and the surrounding regions through new service available for purchase now at Southwest.com:

Fly nonstop between Eugene, Ore. and:	Initial flight schedule (roundtrip service, nonstop):	One-way fares as low as*:
Las Vegas	Once daily	$49
Oakland	Twice daily	$39

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