Tag: Pacific (Page 6 of 12)

Air New Zealand Suspends 2020 Earnings Guidance

March 9, 2020 / WIL BALDWIN

Due to increased uncertainty surrounding the duration and scale of the Covid-19 outbreak, Air New Zealand has today announced that it will be withdrawing the full year 2020 earnings guidance it issued to the market on 24 February 2020 and reconfirmed at its interim results announcement on 27 February 2020.

Air New Zealand has taken numerous steps to mitigate the impact of reduced demand resulting from Covid-19, including reducing capacity on its Asia, Tasman and Domestic networks, redeploying its fuel efficient 787 Dreamliner fleet to drive operational efficiencies and using tactical pricing to stimulate demand on the impacted sectors. However, the airline now believes that the financial impact is likely to be more significant than previously estimated and with the situation evolving at such a rapid pace, the airline is not in a position to provide an earnings outlook to the market at this time. An update on earnings expectations will be provided when appropriate.

Over the course of the past week the airline has seen additional softness in demand with a decline in bookings across its network. The further spread of Covid-19 to countries outside of China, including New Zealand, has driven a downward shift in demand.

Chief Executive Officer Greg Foran says that it is increasingly clear that Covid-19 has created an unprecedented situation and it is difficult to predict future demand patterns.

“We have been continuously monitoring bookings and in recent days have seen a further decline which coincides with media coverage of the spread of Covid-19 to most countries on our network as well as here in New Zealand,” says Mr Foran.

In response the airline has implemented further capacity reductions to its network, which include extending the suspension of its Shanghai service through to the end of April, and additional consolidation of services across the Tasman, Pacific Islands and Domestic network in March and April.

As a result of these actions, Air New Zealand has reduced total capacity into Asia by 26 percent, and total overall network capacity by approximately 10 percent since the outbreak of Covid-19 started.

Like the vast majority of its industry peers, the airline is also pursuing a range of mitigations in response to the swift decline of demand. These include the deferral of non-urgent capital spend and non-critical business activity across operational and corporate functions.

Chief Executive Officer Greg Foran has voluntarily offered to reduce his base pay of $1.65 million by approximately 15% ($250,000) with the support of the Board, and Air New Zealand’s Executive team will extend their salary freeze that has been in place since May 2019. On top of this, the airline has implemented a hiring freeze for all roles that are non-critical and will offer operational staff the option to take unpaid leave in addition to managing annual leave balances.

“Air New Zealand is a strong and resilient business operated by a world-class team with deep experience having navigated prior shocks to our business and industry. While we have already made swift adjustments to our operations, we are prepared to take further actions to address the ongoing demand impact of Covid-19,” says Mr Foran.

Summary of Air New Zealand’s response since the Covid-19 outbreak

Overall capacity reductions of approximately 10% across the network, including:
– Asia capacity reduction of 26% through June, including extension of Shanghai route suspension through April
– Tasman capacity reductions of 7% through June
– Pacific Islands capacity reductions of 6% through June
– Reductions across the Domestic network of approximately 4%, with a 10% to 15% reduction in March and April
Various labour initiatives including a voluntary reduction in CEO pay, a hiring freeze for all non-critical roles and voluntary unpaid leave for operational staff
Deferral of non-urgent capital spend and any non-critical business activity

Canadian National Starts Calling Back Employees Laid Off During Rail Blockade

March 1, 2020 / WIL BALDWIN

MONTREAL, Feb 28 (Reuters) – Canadian National Railway Co has started calling back many of the 450 workers it laid off earlier this month in eastern Canada, when blockades crippled operations on strategic rail lines, according to a company email sent to customers on Friday.

Earlier this week, police made 10 arrests and cleared a blockade in eastern Canada that had been stopping freight and passenger traffic for almost three weeks on one of Canada’s busiest lines.

The blockades were held in solidarity with the Wet’suwet’en people in the Pacific province of British Columbia, who are seeking to stop TC Energy Corp from building a gas pipeline over their land.

“In the absence of illegal blockades on our network over the last 24 hours, and while we are keeping a close watch for any further disruptions, we have started calling back many of the temporarily laid off employees based in Eastern Canada,” CN chief executive Jean-Jacques Ruest said in the email seen by Reuters.

The email did not specify how many of the 450 workers were being called back.

After 21 days of disruptions, “there is a significant backlog of trains parked on our tracks and in our yards that will be processed,” the email said.

“The complete network recovery process will take several weeks.”

Montreal-based CN said the company was on its way to recovering in Western Canada, and said products like export grain, imported containerized goods, coal, potash and other commodities are moving to market.

Canada relies on CN and rival Canadian Pacific Railway to move crops, oil, potash, coal and manufactured goods to ports and the United States. About half of Canada’s exports move by rail, according to industry data.

(Reporting By Allison Lampert; editing by Grant McCool)

Triton’s Pacific Arrival to Deliver US Navy Better Situational Awareness

January 29, 2020 / WIL BALDWIN

The Northrop Grumman unmanned aircraft system MQ-4C Triton has been deployed to the Pacific for the first time.

The deployment of the platform will give the US Navy greater maritime intelligence, surveillance and reconnaissance data to inform critical decision making in one of the most strategically important regions in the world.

Unmanned Patrol Squadron One Nine, or VUP-19, will operate out of Guam as part of Task Force (CTF) 72, 7^th Fleet, and is the first squadron to operate the MQ-4C.

VUP-19, nicknamed the ‘Big Red’, was established on October 1, 2013, and later commissioned on October 28 2016.

Getting unmanned systems out in front of manned aircraft and ships in the Pacific is one of the US Navy’s highest priorities.

This is in response to the emergence of China as it has expanded and reinforced its integrated web of sophisticated anti-access/area-denial capabilities in the South China Sea.

Doug Shaffer, Vice President and Program Manager of Triton program at Northrop Grumman, said the deployment was a significant milestone in the MQ-4C Triton program.

“Our partnership with the US Navy has been crucial in developing this system that will help commanders build a better common operational picture,” he said.

Triton’s ability to fly at high altitude and remain airborne in excess of 24 hours allows commanders to surveil a larger maritime area than ever before.

Designed to operate in a manned-unmanned teaming concept, Triton provides viability over massive swaths of ocean and littoral areas, enabling manned aircraft such as the US Navy’s P-8 Poseidon to focus on anti-surface and anti-sub-surface warfare.

The Triton is the US Navy’s newest and most technologically advanced intelligence, surveillance and reconnaissance platform

Its autonomous suite of maritime sensors allows operators to detect, track, classify and identify vessels on the ocean or in the littorals in some of the world’s busiest shipping lanes.

Australia is committed to the purchase of the Triton for the Royal Australian Air Force (RAAF), with the prospect of six aircraft to be added to the RAAF’s inventory as part of the AIR7000 program.

Designed to operate in conjunction with Australia’s planned fleet of 12 manned P-8A Poseidon maritime patrol and anti-submarine aircraft, the Tritons will provide a quantum leap in the nation’s surveillance and reconnaissance capabilities.

The first of the RAAF’s Triton aircraft is expected to be introduced into service in mid-2023, with all six aircraft to be delivered and in operation by late 2025, based at RAAF Edinburgh, South Australia.

The RAAF investment in the Triton program is $1.4 billion.

The facilities and crew required to operate, train and maintain the fleet will be part of the initial $1.4 billion investment, which includes $364 million on new facilities at RAAF Bases Edinburgh and Tindal (in Northern Territory).

New Boeing 777X Completes Successful First Flight

January 27, 2020 / WIL BALDWIN

Three hour, 51 minute flight marks new phase for rigorous test program
Largest and most fuel efficient twin-engine commercial jet expected to deliver in 2021

The new Boeing (NYSE: BA) 777X jetliner took to the skies today, entering the next phase of its rigorous test program. Based on the popular 777 and with proven technologies from the 787 Dreamliner, the 777X took off in front of thousands at Paine Field in Everett, Washington, at 10:09 a.m. local time for a three hour, 51 minute flight over Washington state before landing at Seattle’s Boeing Field.

“The 777X flew beautifully, and today’s testing was very productive,” said Capt. Van Chaney, 777/777X chief pilot for Boeing Test & Evaluation. “Thank you to all the teams who made today possible. I can’t wait to go fly your airplane again.”

Capt. Chaney and Boeing Chief Pilot Craig Bomben worked through a detailed test plan to exercise the airplane’s systems and structures while the test team in Seattle monitored the data in real time.

“Our Boeing team has taken the most successful twin-aisle jet of all time and made it even more efficient, more capable and more comfortable for all,” said Stan Deal, president and CEO of Boeing Commercial Airplanes. “Today’s safe first flight of the 777X is a tribute to the years of hard work and dedication from our teammates, our suppliers and our community partners in Washington state and across the globe.”

The first of four dedicated 777-9 flight test airplanes, WH001 will now undergo checks before resuming testing in the coming days. The test fleet, which began ground testing in Everett last year, will endure a comprehensive series of tests and conditions on the ground and in the air over the coming months to demonstrate the safety and reliability of the design.

The newest member of Boeing’s market-leading widebody family, the 777X will deliver 10 percent lower fuel use and emissions and 10 percent lower operating costs than the competition through advanced aerodynamics, the latest generation carbon-fiber composite wing and the most advanced commercial engine ever built, GE Aviation’s GE9X.

The new 777X also combines the best of the passenger-preferred 777 and 787 Dreamliner cabins with new innovations to deliver the flight experience of the future. Passengers will enjoy a wide, spacious cabin, large overhead bins that close easily for convenient access to their belongings, larger windows for a view from every seat, better cabin altitude and humidity, less noise and a smoother ride.

Boeing expects to deliver the first 777X in 2021. The program has won 340 orders and commitments from leading carriers around the world, including ANA, British Airways, Cathay Pacific Airways, Emirates, Etihad Airways, Lufthansa, Qatar Airways and Singapore Airlines. Since its launch in 2013, the 777X family has outsold the competition nearly 2 to 1.

About the Boeing 777X Family

The 777X includes the 777-8 and the 777-9, the newest members of Boeing’s market-leading widebody family.

Seat Count: 777-8: 384 passengers
(typical 2-class) 777-9: 426 passengers

Engine: GE9X, supplied by GE Aviation

Range: 777-8: 8,730 nautical miles (16,170 km)
777-9: 7,285 nautical miles (13,500 km)

Wingspan: Extended: 235 ft, 5 in. (71.8 m)
On ground: 212 ft, 8 in (64.8 m)

Length: 777-8: 229 ft (69.8 m)
777-9: 251 ft, 9 in (76.7 m)

For more information, please visit www.boeing.com/777X

SpaceX Dragon Resupply Mission (CRS-19) Splashdown

January 10, 2020 / WIL BALDWIN

Packed with about 3,800 pounds of cargo and science, SpaceX’s Dragon spacecraft departed the International Space Station on Tuesday, January 7. A parachute-assisted splashdown in the Pacific Ocean occurred that morning just west of Baja California. A recovery team then secured Dragon on a boat for the return trip to the Port of Los Angeles, wrapping up SpaceX’s 19th resupply mission to the space station.

Filled with approximately 5,700 pounds of supplies and payloads, Dragon launched aboard a Falcon 9 rocket on December 5, 2019 from Cape Canaveral Air Force Station in Florida and arrived at the space station on December 8. The Dragon spacecraft supporting the CRS-19 mission previously supported the CRS-4 mission in September 2014 and the CRS-11 mission in June 2017. Dragon is the only spacecraft currently flying that is capable of returning significant amounts of cargo to Earth.

Air Kiribati Receives Its First Embraer E190-E2 Jet

December 30, 2019 / WIL BALDWIN

São José dos Campos, Brazil, December 30th, 2019 – Air Kiribati, the flag carrier of the Republic of Kiribati, received today its first E190-E2 jet. Embraer announced the contract with the Government of Kiribati, in partnership with its national airline, Air Kiribati, in December 2018. The airline ordered two E190-E2s and has purchase rights for two more.

“Aviation is critical for any island nation and Kiribati is no exception. Our Government has made the conscious decision to take into our hands the opportunity to unlock economic prosperity for our people and our nation through the purchase of these two aircraft,” said Hon. Willie Tokataake, Minister for Information, Communication, Transport and Tourism Development of the Kiribati Government. “The arrival of our first jet today is the culmination of three years of vision, strategic thought, government focus, research, evaluation, hard work, commitment, partnership and a good measure of problem solving.”

Air Kiribati is the launch operator for the E190-E2 in Asia Pacific. The aircraft will be configured in a dual class layout seating 92 passengers in total, with 12 seats in business class and 80 seats in economy class. Located in the central Pacific, Air Kiribati can now fly longer domestic and international routes than it currently does with its turboprop fleet.

“This is first E190-E2 delivered in the Pacific region,” said Cesar Pereira, Asia Pacific Vice President, Embraer Commercial Aviation. “We’re are honored that Air Kiribati selected the E190-E2 as the best fit for the airline’s challenging flying environment. The E190-E2 has cutting-edge technology and is the most fuel efficient and environmentally-friendly single aisle jet in the world. These attributes are extremely important for Kiribati.”

With a maximum range of up to 2,850 nautical miles, the E190-E2 can serve destinations throughout the vast expanse of Kiribati, including nonstop from Tarawa to Kiritimati (Christmas) Island, one of the most challenging routes in the Pacific. The current domestic flight from Tarawa to Kiritimati requires an international stopover in Fiji.

Spanning four time zones and comprised of more than 30 islands, Kiribati is the only country in the world to be in all four hemispheres. Embraer has been present in the Pacific since the first Bandeirante was delivered to a customer in Australia in 1978. The company continues to support operators across Oceania more than 40 years later.

The E190-E2 is the first of three new aircraft types in the E-Jets E2 family, developed to succeed the first-generation E-Jets. Compared to the first-generation E190, the E190-E2 burns 17.3% less fuel and nearly 10% less than its direct competitor. This makes it the most efficient single-aisle aircraft on the market. The E190-E2 generates significant savings for airlines in terms of maintenance costs. It has the longest maintenance intervals – 10,000 flight hours for basic checks and no calendar limit in typical E-Jets utilization. This means an additional 15 days of aircraft utilization over a period of ten years.

The E2 cockpit features advanced Honeywell Primus Epic 2 integrated avionics. Combined with closed-loop fly-by-wire controls, the systems work together to improve aircraft performance, decrease pilot workload and enhance flight safety. From a passenger perspective, the E2 cabin features a comfortable two-by-two layout. The absence of a middle seat enables passengers to have an enjoyable flight experience with more legroom and additional luggage storage space.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers across the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 80 customers from 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline network carriers.

Genesee & Wyoming Announces Completion of Sale to Brookfield Infrastructure and GIC

December 30, 2019 / WIL BALDWIN

Genesee & Wyoming Inc. (G&W) today announced the completion of its previously announced sale to affiliates of Brookfield Infrastructure and GIC.

Under the terms of the sale, each issued and outstanding share of G&W common stock converted into the right to receive $112 in cash. As a result of the completion of the sale, G&W’s common stock ceased trading on the NYSE prior to market open today and will no longer be listed for trading on the NYSE.

“This transaction is an excellent outcome for all G&W stakeholders,” said Jack Hellmann, Chief Executive Officer of G&W. “For our customers, employees, and Class I partners, the long-term investment horizon of Brookfield and GIC is perfectly aligned with the long lives of G&W railroad assets. We look forward to building on G&W’s track record of safety, service excellence and commercial growth as we become an important component of a portfolio of global infrastructure assets.”

About Genesee & Wyoming

G&W owns or leases 119 freight railroads organized in locally managed operating regions with 8,000 employees serving 3,000 customers.

G&W’s six North American regions serve 42 U.S. states and four Canadian provinces and include 113 short line and regional freight railroads with more than 13,000 track-miles.
G&W’s Australia Region serves New South Wales, the Northern Territory and South Australia and operates the 1,400-mile Tarcoola-to-Darwin rail line. The Australia Region is 51.1% owned by G&W and 48.9% owned by a consortium of funds and clients managed by Macquarie Infrastructure and Real Assets.
G&W’s UK/Europe Region includes the U.K.’s largest rail maritime intermodal operator and second-largest freight rail provider, as well as regional rail services in Continental Europe.

G&W subsidiaries and joint ventures also provide rail service at more than 40 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, contract coal loading, and industrial railcar switching and repair. For more information, please visit www.gwrr.com.

About Brookfield Infrastructure

Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Brookfield Infrastructure Partners is listed on the New York and Toronto stock exchanges. Further information is available at www.brookfieldinfrastructure.com.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a leading global alternative asset manager with over $500 billion of assets under management. For more information, go to www.brookfield.com.

About GIC

GIC is a leading global investment firm established in 1981 to manage Singapore’s foreign reserves. As a disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure. In infrastructure, GIC’s primary strategy is to invest directly in operating assets with a high degree of cash flow visibility and which provide a hedge against inflation. GIC has investments in over 40 countries. Headquartered in Singapore, GIC employs over 1,500 people across 10 offices in key financial cities worldwide. For more information on GIC, please visit www.gic.com.sg.

CP Completes Central Maine & Quebec Railway Acquisition

December 30, 2019 / WIL BALDWIN

CALGARY, Dec. 30, 2019 /PRNewswire/ – Canadian Pacific (NYSE: CP) has closed the transaction related to the acquisition of the Central Maine & Quebec Railway. The acquisition of CMQ in the U.S. remains subject to Surface Transportation Board approval.

The acquisition, first announced on November 20, 2019, will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick, via Eastern Maine Railway Company and New Brunswick Southern Railway, thereby preserving and enhancing competition.

Remains of 6 Recovered from Hawaii Helicopter Crash

December 28, 2019 / WIL BALDWIN

No sign of any survivors

(Reuters) – Teams combing the wreckage of a Hawaii sightseeing helicopter that crashed on Kauai island found no sign of survivors on Friday and recovered six sets of human remains before suspending the search due to bad weather, police and fire officials said.

The grim announcement came in a news conference almost 24 hours after the aircraft, first reported missing on Thursday evening, went down in a remote area of rugged terrain near the end of a tour flight over the island’s famed Na Pali Coast.

The crash was at least the ninth, and by far the deadliest, involving sightseeing helicopters in Hawaii over the past five years, according to National Transportation Safety Board (NTSB) records.

The confirmed manifest of the ill-fated aircraft, flown by Kauai-based tour operator Safari Helicopters, consisted of six passengers, two of them children, and one pilot, Kauai County fire battalion chief Solomon Kanoho told reporters.

The identities of the dead were being kept confidential until next of kin could be notified, authorities said.

“We are heartbroken by this tragedy and we continue to ask the public to consider the sensitive nature of this devastating situation,” Mayor Derek Kawakami said in a statement. “Our thoughts and prayers are with the families and loved ones of all victims during this extremely difficult time.”

The Kauai fire department called off its search-and-recovery efforts late Friday afternoon due to fog and poor visibility but planned to resume the operation at daybreak on Saturday, Kanoho said.

Although the remains of just six of the seven people who were aboard the ill-fated aircraft have been recovered, Kanoho added: “There are no indications of survivors.”

TOURISTS FROM TWO FAMILIES

Kanoho previously said the passengers on board the helicopter had been in two groups – a party of two from one family and a party of four from another.

Kanoho declined to describe details of the wreckage out of respect for the victims’ loved ones.

While the cause of the crash has yet to be determined, Kanoho said the area where the helicopter went down had experienced “some very bad weather” beforehand, adding that the chopper had crashed within its prescribed flight route.

The NTSB, which said it was sending a three-member team to investigate the crash, reported in May that there had been eight accidents involving Hawaii tour helicopters over the past five years, with four deaths and 18 injuries.

The agency made that report after a tour helicopter went down in a residential neighborhood on the island of Oahu in April, killing three people.

The latest crash was in Koke’e State Park in an area called Nu’alolo, a steep-sided valley north of Waimea Canyon State Park, according to a statement posted by the Kauai police department on Facebook.

Waimea Canyon is a tourist destination known as the “Grand Canyon of the Pacific,” and police said the helicopter was last heard from at about 4:40 p.m. on Thursday, when the pilot radioed that the aircraft was just departing that area.

A search was launched a short time later, after Safari alerted authorities that the helicopter was 30 minutes overdue on its flight back to the airfield in Lihue on the island’s southeast end, officials said.

A U.S. Coast Guard cutter vessel and helicopter search crew were immediately dispatched. The search was expanded at daybreak on Friday to include air, sea and ground teams from the Coast Guard, U.S. Navy, police, fire department and other agencies.

The missing aircraft was equipped with an electronic locator beacon, but no signals were received after it disappeared, the Coast Guard said.

According to its website, Safari offers aerial sightseeing excursions to Kauai’s major attractions over the Na Pali Coast and Waimea Canyon. The Na Pali Coast, known for jagged green cliffs laced with towering waterfalls, is one of the most visited attractions on Kauai, the fourth-largest island in the Hawaiian chain.

Reporting by Maria Caspani and Peter Szekely in New York and Steve Gorman in Los Angeles; Editing by Daniel Wallis and Leslie Adler

Boeing-Built Satellite to Offer Greater Asia-Pacific Coverage

December 18, 2019 / WIL BALDWIN

A Boeing [NYSE: BA]-built satellite called JCSAT-18/Kacific1 will provide affordable internet access and other communications services to underserved parts of Asia and the Pacific islands.

The satellite launched today from Cape Canaveral, Florida at about 7:10 p.m. It will enter service several weeks after on-orbit tests and moving to its final geostationary orbit position over the Asia-Pacific region.

Built on Boeing’s 702 satellite platform, JCSAT-18/Kacific1 has two separate payloads for two customers, SKY Perfect JSAT of Tokyo and Kacific Broadband Satellites Group of Singapore. The satellite will deliver internet services to a potential market comprising hundreds of millions of people in more than 25 countries, including remote islands in the Pacific and the far eastern part of Russia.

“JCSAT-18/Kacific1 is going to make a difference in the lives of millions of people throughout the Asia Pacific region,” said Chris Johnson, president, Boeing Satellite Systems International. “We are proud to support SKY Perfect JSAT and Kacific as they seek to bring positive change through connectivity in regions that have been traditionally underserved.”

JCSAT-18/Kacific1 is the 13th satellite Boeing has built for SKY Perfect JSAT and the first satellite built for Kacific.

TOURISTS FROM TWO FAMILIES

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