Tag: partnership (Page 6 of 12)

Alaska Airlines Boosts 737 MAX Orders and Options to 120 Jets

December 22, 2020 / WIL BALDWIN

Boeing [NYSE: BA] and Alaska Airlines [NYSE: ALK] announced that the carrier is buying 23 more 737-9 airplanes, building on its original order and an agreement last month to acquire new 737-9s through lease. The new deal brings Alaska Airlines’ total 737 MAX orders and options to 120 airplanes, which will give the fifth largest U.S. carrier the scale, efficiency and flexibility to expand as air travel recovers.

“We are extremely proud to be announcing this transformative agreement with Boeing,” said Brad Tilden, CEO of Alaska Air Group. “We believe in this airplane, we believe in our strong partnership with Boeing, and we believe in the future of Alaska Airlines and the incredible opportunities ahead as we climb our way out of this pandemic.”

Alaska Airlines, a longtime Boeing 737 operator, placed an order for 32 737-9 jets in 2012 as part of its fleet modernization program. The 737-9 is a member of the 737 MAX family that is designed to offer more fuel efficiency, reliability and flexibility in the single-aisle airplane market. Last month, Alaska Airlines announced it is expanding its commitment to the 737 MAX program by leasing 13 new 737-9s while selling some A320 jets it had taken on through its acquisition of Virgin America.

The new agreement announced today will add 23 firm orders for the 737-9 and more options for future purchases. In all, Alaska will have 52 options which, if fully exercised, would take the carrier to as many as 120 737 MAX airplanes. The airline said the deal moves it toward a more efficient, all-Boeing mainline fleet that will “enhance the guest experience, improve operational performance and support the company’s growth.”

“We could not ask for a better partner than Boeing and we are delighted to be standing side by side with them as we work together to get our economy back on its feet,” said Tilden.

Alaska Airlines and Boeing leaders announced the agreement during a signing ceremony at Boeing’s delivery facility in Seattle, flanked by a new 737-9 that will be among the first such jets to be operated by Alaska Airlines. In observance of COVID-19 restrictions, both companies limited attendance at the event and addressed the pandemic that has severely affected air travel, expressing confidence in the fundamental strength of the industry and long-term passenger demand.

“Alaska Airlines has done a tremendous job of weathering the impacts from the COVID-19 pandemic, and is well positioned to return to its growth trajectory and strengthen its standing as one of the top U.S. airlines. With Alaska’s industry-leading reputation for safety, sustainability and customer service, we are honored they have chosen to invest in their future with a significant purchase of additional Boeing 737 airplanes,” said Stan Deal, president and CEO of Boeing Commercial Airplanes. “We are grateful for Alaska’s trust and partnership. Our team is focused on delivering their first 737 MAX jets and helping ensure a safe and seamless entry into service.”

Alaska Airlines says the 737 – equipped with new, more fuel-efficient engines and improved aerodynamics – will use 20% less fuel and reduce emissions by 20% per seat compared to airplanes it replaces. The airline will configure the jet with 178 seats in a three-class configuration. The plane can fly 3,550 nautical miles, about 600 miles more than its predecessor. This additional capability will allow airlines to offer new and more direct routes to passengers. Every airplane will feature the new Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.

Learn more about Alaska’s confidence in the safety and certification of the MAX at alaskaair.com/737MAX.

Total orders: 68 737 MAX Aircraft

Status	Announcement Date	Number of Aircraft
Existing Order	October 2012	32
Separate Lease Agreement	November 2020	13
New Order	December 2020	23

Total options: 52 737 MAX Aircraft

Status	Announcement Date	Number of Aircraft
Existing Order	October 2012	37
New Order	December 2020	15

Canadian Pacific Completes Acquisition of Detroit River Rail Tunnel

December 22, 2020 / WIL BALDWIN

CALGARY, Dec. 22, 2020 /PRNewswire/ – Canadian Pacific Railroad (NYSE: CP) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the defined benefit pension plan for municipal employees in the province of Ontario. CP previously owned a 16.5 percent stake of the tunnel in partnership with OMERS. The purchase price for the transaction is approximately US$312 million, subject to customary closing adjustments.

Embraer & EDP Announce Joint Effort in Electric Aircraft Research

November 22, 2020 / WIL BALDWIN

Embraer and EDP, a company that operates in all segments of the Brazilian energy sector, have signed a partnership for electric aircraft research. Through its EDP Smart division, the Portuguese-based multinational announced a financial contribution for the acquisition of energy storage and battery charging technologies for Embraer’s all-electric demonstrator aircraft project, utilizing the EMB-203 Ipanema as its test bed. The prototype, which is already in development, is scheduled to complete its inaugural flight in 2021.

The investment is part of the cooperation agreement signed by both companies to advance their shared knowledge of energy storage and battery charging technologies for aviation – one of the main challenges of the project. The partnership aims to investigate the applicability of high voltage batteries for the electric propulsion systems of small aircraft, in addition to evaluating the main operating characteristics, such as weight, efficiency and power quality, thermal control and management, cycling loading and unloading, and operational safety.

Technological Cooperation

This proposal for the technological development of aeronautical electrification was initially created as a cooperation between Embraer and WEG, in May 2019. The project was developed as an effective and efficient instrument for training and for the maturation of technologies prior to their application in future products.

The scope of the partnership with EDP is to develop shared research in the storage of high voltage energy, complementing Embraer’s ongoing research. These research and development initiatives seek to accelerate the combined knowledge of the technologies necessary for the use and integration of batteries and electric motors in order to increase the energy efficiency of the propulsion systems of aircraft.

For the evaluations, a small single-engine aircraft is being used as the test bed to perform a primary assessment of electrification technologies. Ground tests have taken place at Embraer’s facilities in Botucatu, in the interior of São Paulo, in preparation for the first flight, which will take place at Embraer’s Gavião Peixoto unit.

Electrification is just one project in a series of initiatives being developed by Embraer and the entire aeronautical industry aimed at ensuring a commitment to environmental sustainability, as already exemplified by biofuel developments to reduce carbon emissions.

EDP has a global commitment to electrify 100% of its fleet by 2030, as well as to develop new offers and commercial solutions that promote the energy transition. Last year, during Aneel’s Public Call on the topic of Efficient Electric Mobility, the Company approved an investment of about R$ 50 million in projects, via a Research and Development Fund consisting of both corporate and partner resources.

MGM Growth Properties Announces Pricing Of Upsized Senior Notes Offering

November 17, 2020 / WIL BALDWIN

LAS VEGAS, Nov. 17, 2020 /PRNewswire/ — MGM Growth Properties Operating Partnership LP (the “Operating Partnership”) and MGP Finance Co-Issuer, Inc. (together, the “Issuers”), consolidated subsidiaries of MGM Growth Properties LLC (NYSE: MGP) (the “Company”), have priced $750 million in aggregate principal amount of 3.875% senior notes due 2029 (the “notes”) at par. The $750 million aggregate principal amount of the notes represented an increase of $250 million from the original offering size of $500 million. The offering is expected to close on November 19, 2020, subject to customary closing conditions.

The Issuers plan to use the net proceeds of the offering for general corporate purposes, which may include the redemption of up to $700 million of the Operating Partnership units held by MGM Resorts International (“MGM”) should MGM elect to exercise certain rights it holds to cause the redemption of such units for cash.

Click the link below to read the full story!

https://finance.yahoo.com/news/mgm-growth-properties-operating-partnership-222000038.html

Amtrak Celebrates 20 Years of Acela Travel with $20 Fares

November 11, 2020 / WIL BALDWIN

To commemorate 20 years of Acela service throughout the Northeast Corridor (NEC),Amtrak is Acela-celebrating by offering customers the opportunity to travel on its premium product one way in Business class for only $20 from anywhere between Boston and Washington, D.C. The sale is available for purchase from Tuesday, Nov. 10, to Thursday, Nov. 12 and is valid for travel between Nov. 16 through Dec. 17 with blackout dates during Thanksgiving week (Nov. 24, 25, and 28 through 30) and on Fridays and Sundays. Other restrictions may apply and the fare may not be available on all departures.

As part of its partnership with experts from the George Washington University Milken Institute School of Public Health, Amtrak’s new, enhanced safety initiatives and amenities, including the recently introduced Reserved Seating offering, will continue to be in effect for customers and employees on our trains and at our stations.

“Celebrating 20 years of Acela service is an incredible milestone that we are proud to celebrate. We would like to thank our customers and give them a chance to see the changes we’ve made to the experience by offering an exceptionally low fare of only $20,” said Amtrak Executive Vice President and Chief Marketing and Revenue Officer Roger Harris. “For anyone who has been curious about the premium travel experience on our flagship product, this is your chance to ride Acela for a special, low fare that is only available for two days.”

Queensland to Assemble Boeing’s First Australian Designed & Developed Unmanned Aircraft

October 5, 2020 / WIL BALDWIN

Queensland is poised to take another bold step in aerospace and advanced manufacturing with an historic opportunity to be the final production home for unmanned defence aircraft – the first military aircraft to be designed, engineered and manufactured in Australia in more than 50 years.

Premier Annastacia Palaszczuk said a visionary new partnership with Boeing Australia means more high-skilled jobs, local supply opportunities and defence industry stimulus as Queensland continues to recover and grow from the COVID downturn.

Our investment in this advanced manufacturing project will provide critical skills for suppliers, academia and Boeing, and culminate in Queensland becoming the primary final assembly facility for the Boeing Airpower Teaming System, conditional on orders.

The first aircraft prototype, called the Loyal Wingman, was unveiled with the Royal Australian Air Force in May this year.

Treasurer Cameron Dick said the Boeing partnership demonstrated the Palaszczuk government’s commitment to advanced manufacturing.

“Manufacturing is a vital part of the Queensland economy, which is why supporting manufacturing is one of the centrepieces of our Unite and Recover Economic Recovery Plan,” the treasurer said.

“Our government’s longstanding commitment to advanced manufacturing is one of the reasons Queensland is already home to Boeing’s largest workforce outside the United States.

“Boeing has 1,700 staff in Queensland and supports 400 Queensland-based suppliers.

Boeing Australia, New Zealand and South Pacific President Brendan Nelson said the partnership with the Queensland government to develop an advanced manufacturing capability was a significant milestone for the company.

“This includes introducing technologies such as advanced robotics; investment in universities, small-to-medium enterprises and start-up companies; as well as creating global export opportunities for Australia’s supply chain.

Embraer awarded ANAC and FAA Certification for Synthetic Vision Guidance System

September 29, 2020 / WIL BALDWIN

Embraer today announced that the Synthetic Vision Guidance System (SVGS) for the midsize Praetor 500 and super-midsize Praetor 600 business jets was awarded certification by both the civil aviation authority of Brazil, Agência Nacional de Aviação Civil (ANAC), and the civil aviation authority of the United States, the Federal Aviation Administration (FAA). Embraer is the first OEM to receive SVGS certification approval.

The SVGS provides pilots with a dynamic perception of position, trend, and motion, facilitating the transition to utilizing visual references and enabling the safe completion of more missions during inclement weather and lower ceiling approaches. The system allows pilots to operate the aircraft to a decision height of 150 feet (SA-CAT I), as opposed to the regular decision height of 200 feet, increasing operational efficiency and allowing access to several airports during inclement weather and lower ceiling approaches. The SVGS can be used with or without the Head-Up Display (HUD) and is now available for new aircraft and fully retrofittable on all Legacy 450, Legacy 500, Praetor 500, and Praetor 600 aircraft at any Embraer Owned or Authorized Service Center.

“At Embraer, we are committed to continuously improving our already industry-leading products to deliver the ultimate experience in business aviation. Just two months after certifying the electric pocket door and making the HEPA filter standard, we are proud to certify another Praetor 500 and Praetor 600 innovation,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “Thanks to our unparalleled engineering team and world-class partnership with Collins Aerospace, Embraer is proud to offer business aviation’s first Synthetic Vision Guidance System on the Praetor 500 and Praetor 600, further solidifying their position as the most disruptive and technologically advanced midsize business jets in the market.”

Independent of the Embraer Enhanced Vision System (E2VS), the SVGS is an optional addition to the acclaimed Collins Aerospace Pro Line Fusion flight deck on the Praetor 500 and Praetor 600. The SVGS can be installed either with or without E2VS, delivering even greater flexibility and safety options. When installed alone, SVGS allows for enviable situational awareness, without the investment required for E2VS. When installed together, the aircraft’s operational efficiency is further improved, allowing for even better utilization of the Praetor’s unparalleled short runway performance.

The First Brazilian Gripen Flies in Brazil

September 27, 2020 / WIL BALDWIN

The first Brazilian Gripen E, designated by Brazilian Air Force (FAB) as F-39 Gripen, concluded its first flight in Brazil. The aircraft flew from the airport in Navegantes to Embraer’s facility in Gavião Peixoto. The official presentation of the aircraft is scheduled to take place during the Aviator’s Day and the Brazilian Air Force Day ceremony in Brasilia, celebrated on the 23rd of October.

The President and CEO of Embraer Defense & Security, Jackson Schneider, highlighted the scope of this partnership: “Embraer will play a leading role in the execution of the Gripen programme in Brazil and will be responsible for systems development, integration, flight testing, final assembly, and delivery of the aircraft in support of Brazilian Air Force operations. In terms of technology transfer, the Gripen programme is a great opportunity to increase our knowledge in the development and manufacturing of advanced combat aircraft.”

The Brazilian Minister of Defence, Fernando Azevedo e Silva also highlighted the importance of sharing experiences arising from cooperation between Brazil and Sweden: “Gripen increases the operational capacity of the Brazilian Air Force and promotes a partnership that fosters research and industrial development in both countries,” the Minister of Defence declared.

For the Air Force Commander, Lt. Brig. Antonio Carlos Moretti Bermudez, the arrival of the first F-39 Gripen aircraft is a major milestone for the project: “It is an immense satisfaction for the Brazilian Air Force to see this aircraft flying on national territory. The F-39 Gripen, the new Brazilian Air Force multi-mission aircraft, will be the backbone of Fighter Aviation and it reaffirms the FAB’s commitment to maintaining the country’s sovereignty and to defend the twenty-two million square kilometres under its responsibility”, Lt. Brig. Antonio Carlos Moretti Bermudez points out.

The flight test programme will be expanded to include the Gripen Flight Test Center at Embraer in Gavião Peixoto, which will be fully integrated with the test programme already running at full phase at Saab in Linköping since 2017. Activities in Brazil will include testing of flight control system, environmental control system as well as tests in the aircraft in tropical climate conditions. In addition to the testing that is common for the Gripen E Programme, unique features of the Brazilian aircraft, such as weapons integration as well as the Link BR2 communication system – which provides encrypted data and voice communication between the aircraft – will be tested in Brazil.

The production aircraft will be delivered to the Brazilian Air Force, at Wing 2 in Anápolis (Goiás State), by the end of 2021.

Leonardo Joins Adelaide’s Lot Fourteen Space Precinct

September 17, 2020 / WIL BALDWIN

– Partners with SmartSat CRC

Leonardo commits to the South Australian space ecosystem establishing a foothold for its space service business – through its subsidiary e-GEOS – in partnership with SmartSat CRC. e-GEOS is a joint venture between Telespazio – Leonardo’s subsidiary – and the Italian Space Agency.

The news was warmly welcomed by the local community and by the Premier of South Australia Hon. Steven Marshall who recently welcomed Leonardo at Lot Fourteen. “South Australia is the defence and space capital of the Country and it’s fantastic to see another incredible international company choosing South Australia to do business” he commented. “The strong interest being shown by major national and international players is a coup for South Australia and is further evidence that Lot Fourteen is a magnet for business and jobs. The addition of Leonardo to Lot Fourteen cements my governments strong commitment to create a once in a generation hub that will generate thousands of jobs for South Australians now and into the future.” Hon. Marshall stated.

As a dominant worldwide supplier in the space sector, Leonardo aims to collaborate with the Australian space industry to stimulate local growth and competitiveness in global markets.

In 2019, Leonardo Australia through the involvement of e-GEOS (a joint venture between Telespazio – Leonardo’s subsidiary – and the Italian Space Agency), became a supporting partner of Adelaide-based space Cooperative Research Centre SmartSat CRC. Leonardo Australia’s partnership with SmartSat is a key driver in the company’s strategy to grow its presence in the space industry within the Oceania region and to develop joint research and commercialisation opportunities. As prominent provider of the European Copernicus program, e-GEOS supports rapid security and disaster response operations all over the world, including providing Australian fire authorities rapid mapping during recent bushfires.

Leonardo Australia is the regional subsidiary of Leonardo, a global top ten high technology Defence and Space company with annual revenues of 23 bn AU$.

Mr George Coulloupas of Leonardo Australia (Business Development Manager – Space) is leading Leonardo Australia’s Space Line of Business based at Lot Fourteen. George has extensive Australian-based experience in start-up innovation, space-derived service commercialisation and primary.

Embraer Adjusts Corporate Structure in Response to COVID-19 and Boeing Deal Collapse

September 6, 2020 / WIL BALDWIN

Embraer announced today a 4.5% adjustment to its global workforce, which corresponds to approximately 900 employees in Brazil. The measure stems from the impacts caused by the COVID-19 pandemic on the global economy and the cancellation of the company’s partnership with Boeing. The objective is to ensure Embraer’s sustainability and engineering capacity.

The pandemic particularly affected Embraer Commercial Aviation, which experienced a 75% reduction in aircraft deliveries during the first half of 2020 as compared to the same period last year.

The situation worsened as a result of the duplication of structures associated with the carve out of the company’s commercial aviation business in preparation for the partnership which was terminated at the initiative of Boeing, as well as the expectation that the air transport sector will not recover in the short- or medium-term.

Since the beginning of the pandemic, Embraer has adopted a series of measures to preserve jobs, including collective vacations, reduced working hours, furloughs, paid leave, and three voluntary dismissal plans (VDP). The company has also reduced face-to-face work at its industrial plants with the aim of ensuring the health of employees and business continuity. Around 1,600 employees chose to participate in the VDPs in Brazil.

The company recognizes and appreciates the commitment of those professionals who are leaving the organization and counts on the commitment of all employees to overcome the current crisis and maintain the company’s competitiveness in the global market.

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