Story by Alicia Cohn from the Denver Business Journal
Flights between Denver and Europe in summer 2022 will increase by 23% compared to the pre-pandemic summer of 2019, according to Denver International Airport. With new flights beginning or resuming in 2022, DIA “is scheduled for more transatlantic capacity than at any other time in the airport’s history,” the airport said in a press release.
DIA offers more than 20 international destinations, and will expand its European offerings in 2022.
OLATHE, Kansas/Business Wire – Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), has announced a long-term agreement with Heart Aerospace to provide the state-of-the-art Garmin G3000®integrated flight deck for the ES-19 electric airliner. Heart Aerospace is working to develop the new ES-19, a 19-seat electric airliner that has the potential to provide the regional air transport market with a more sustainable and environmentally friendly aircraft option as early as 2026. Additionally, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft once the aircraft meets United’s safety, business and operating requirements.
The modular Garmin G3000 integrated flight deck boasts lightweight and vibrant high-resolution flight displays that support navigation, communication and flight sensor solutions and integrates seamlessly into the ES-19 aircraft systems. Specifically tailored to meet the needs of electric aircraft, the G3000 system that will be featured in Heart Aerospace’s ES-19 delivers enhanced capabilities to optimize the aircraft’s electric drive train and battery management systems. The G3000 is architected to provide the ability to efficiently facilitate future system upgrades as the electric aircraft industry continues to evolve.
Heart Aerospace is an electric airplane company headquartered in Gothenburg, Sweden, developing the ES-19, a nineteen-passenger regional aircraft driven entirely by batteries and electric motors. The first ES-19 is scheduled to enter into service by 2026. The first-generation aircraft will have a maximum range of up to 250 miles using lithium-ion batteries. The ES-19 will have zero operational emissions and offer significantly lower operating costs compared to similar sized gas-turbine aircraft. The ES-19 aircraft will also be quieter than its turboprop counterparts, with less vibration and noise, making it ideal for the development of short-range regional air travel.
United Airlines (Nasdaq: UAL) today announced the inaugural class of 30 United Aviate Academy students will begin their studies on Dec. 6 at the new flight training academy at Phoenix Goodyear Airport. The first class, 80% of whom are women or people of color, will complete a rigorous, year-long training program that sets them up for a career that reflects United’s high standard of professionalism and deep commitment to delivering a safe, caring, dependable and efficient travel experience. United Aviate Academy received more than 7,500 applications from aspiring pilots around the country in less than six months, with nearly 75% of those applicants being women or people of color.
After completing their training at the academy, students will build flight and leadership experience while working within the Aviate pilot development ecosystem at partner universities, professional flight training organizations and United Express carriers on their way to becoming United pilots.
The state-of-the-art, 340,000 square-foot facility at Phoenix Goodyear Airport, which United Aviate Academy will lease from the city of Phoenix, will provide aspiring pilots with industry-leading resources, equipment, and accommodations. The facility was previously home to Lufthansa Aviation Training (LAT), and United Aviate Academy will sublease part of its facility to LAT, a wholly owned subsidiary of Lufthansa, a United Star Alliance partner.
DUBAI, United Arab Emirates, Nov. 9, 2021, PRNewswire – The new Boeing [NYSE: BA] 777X arrived at Dubai World Central at 14:02 p.m. (GST) today, ahead of the upcoming Dubai Airshow. The airplane will be on static display and featured in the show’s flying program starting November 14.
The 777-9 flight test airplane made a nearly 15-hour nonstop flight from Seattle’s Boeing Field to Dubai, the first international flight and longest flight to date for the 777X as it continues to undergo a rigorous test program.
Building on the best of the industry-leading 777 and 787 Dreamliner families, the 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than the competition and an exceptional passenger experience. The 777X family has a total of 351 orders and commitments from eight leading customers around the globe. First delivery of the airplane is expected in late 2023.
Rolls-Royce (LSE: RR.L) announced today that following a successful equity raise, the Rolls-Royce Small Modular Reactor (SMR) business has today been established, to bring forward and deliver at scale the next generation of low cost, low carbon nuclear power technology.
Rolls-Royce Group, BNF Resources UK Limited and Exelon Generation Limited will invest £195m across a period of around three years. The funding will enable the business to secure grant funding of £210 million from UK Research and Innovation funding, first announced by the UK Prime Minister in ‘The Ten Point Plan for a Green Industrial Revolution’. Today’s announcement is another step towards the delivery of the Government’s net zero strategy and its 10-point plan.
The business, which will continue to seek further investment, will now proceed rapidly with a range of parallel delivery activities, including entry to the UK Generic Design Assessment (GDA) process and identifying sites for the factories which will manufacture the modules that enable on-site assembly of the power plants. Discussions will also continue with the UK Government on identifying the delivery models that will enable long-term investment in this vital, net-zero enabling technology. Rolls-Royce SMR is engaging with export customers across many continents who need this technology to meet their own net zero commitments.
Rolls-Royce SMR is using proven nuclear technology, coupled with a unique factory-made module manufacturing and on-site assembly system, to harness decades of British engineering, design and manufacturing knowhow. It brings together the best of UK industry to ensure a decarbonisation solution that will be available to the UK grid in the early 2030s. The potential for this to be a leading global export for the UK is unprecedented.
Nine-tenths of an individual Rolls-Royce SMR power plant will be built or assembled in factory conditions and around 80% could be delivered by a UK supply chain – a unique offering in energy infrastructure in the UK. Much of the venture’s investment is expected to be focused in the North of the UK, where there is significant existing nuclear expertise
A single Rolls-Royce SMR power station will occupy the footprint of two football pitches and power approximately one million homes. It can support both on-grid electricity and a range of off-grid clean energy solutions, enabling the decarbonisation of industrial processes and the production of clean fuels, such as sustainable aviation fuels (SAF) and green hydrogen, to support the energy transition in the wider heat and transportation sectors.
Munich, Germany / Falls Church, Virginia, 8 November 2021 – Northrop Grumman Corporation (NYSE: NOC) and Airbus (OTC: EADSY) Defense and Space, together with seven industrial players, have established ASPAARO, the Atlantic Strategic Partnership for Advanced All-domain Resilient Operations. ASPAARO will bid to undertake the Risk Reduction and Feasibility Studies (RRFS) for the NATO Support and Procurement Agency as part of the Alliance Future Surveillance and Control (AFSC) program.
The feasibility studies are a key milestone in the AFSC programme which aims to support NATO and NATO nations as they consider the Alliance’s future tactical surveillance, command and control capabilities after the current Airborne Warning and Control System (AWACS) fleet reaches the end of its service life in 2035.
Following the delivery of a High-level Technical Concept in 2020 by three of the team members (Airbus, Lockheed Martin and MDA Ltd.), Airbus continues to support NATO in the concept stage of the AFSC programme together with Northrop Grumman and a strong transatlantic team including Lockheed Martin (US), BAE Systems (UK), KONGSBERG (Norway), MDA (Canada), GMV (Spain), Exence (Poland) and IBM (US).
ASPAARO offers an unparalleled set of skills and capabilities that will address the threats of today and tomorrow and will fulfil the Alliance’s requirements across all domains. The industry team will leverage its multi-domain concepts, advanced technologies and integrated designs to pave the way to a fully interoperable architecture between NATO nations while further driving innovation through combined access, investments and experience.
Northrop Grumman President of Aeronautics Systems Tom Jones emphasized ASPAARO’s focus on the NATO customer’s mission requirements. “ASPAARO brings together the best industrial capabilities across the NATO community to address increasingly vital surveillance and command and control needs. In a rapidly evolving threat environment NATO needs the strategic advantage that advanced surveillance and control provides; ASPAARO is committed to delivering those unmatched capabilities to the NATO AFSC programme.”
A decision on the contract award for the Risk Reduction and Feasibility Studies for NATO AFSC is expected in 2022.
São Paulo, Brazil, November 5, 2021 – Embraer (NYSE: ERJ) announced the company’s operating and financial information on a consolidated basis in United States dollars (US$) in accordance with IFRS. The financial data presented in this document as of and for the quarters ended September 30, 2021 (3Q21), June 30, 2021 (2Q21) and September 30, 2020 (3Q20), are derived from the unaudited financial statements, except annual financial data and where otherwise stated.
HIGHLIGHTS
• Embraer delivered 9 commercial jets and 21 executive jets (14 light / 7 large) in 3Q21, bringing the year-to-date deliveries to 32 commercial jets and 54 executive jets (36 light /18 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 3Q21 was US$ 16.8 billion;
• Revenues in 3Q21 reached US$ 958.1 million, representing year-over-year growth of 26.3% compared to 3Q20, with double digit growth in all segments;
• Excluding special items, adjusted EBIT and EBITDA were US$ 35.7 million and US$ 79.2 million, respectively, yielding adjusted EBIT margin of 3.7% and adjusted EBITDA margin of 8.3%. In the first nine months of 2021, adjusted EBIT margin was 3.8% and adjusted EBITDA margin was 8.9%;
• Adjusted net loss (excluding special items and deferred income tax and social contribution) in 3Q21 was US$ (33.9) million, with adjusted loss per ADS of US$ (0.18);
• Embraer generated free cash flow in 3Q21 of US$ 21.3 million, and in the first nine months of 2021 free cash usage was US$ (160.2) million. The positive free cash flow in 3Q21 represented the first time in more than 10 years the Company generated cash in the usually seasonally weak third quarter. The free cash flow in both periods represented a significant improvement compared to the prior year periods on better profitability and working capital efficiencies, particularly with respect to inventory management;
• The Company finished the quarter with total cash of US$ 2.5 billion and net debt of US$ 1.8 billion;
• Given better-than-expected free cash flow performance over the first nine months of 2021, Embraer is updating its guidance for free cash flow without M&A or divestitures to a range of US$ 100 million or better, from the prior range of US$ (150) million to breakeven. The Company reiterates its other financial and deliveries guidance for 2021 of commercial jet deliveries of 45-50 aircraft, executive jet deliveries of 90-95 aircraft, consolidated revenues in a range of US$ 4.0 to $4.5 billion, adjusted EBIT margin of 3.0% to 4.0%, and adjusted EBITDA margin of 8.5% to 9.5%.
Boeing will showcase its market-leading portfolio of commercial, defense and services products at the 2021 Dubai Airshow this month, including the international debut of its newest fuel-efficient widebody jet, the 777X. Building on the best of the industry-leading 777 and 787 families, the 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than the competition. Shown here: A Boeing 777-9 airplane photographed during flight testing. (Boeing Photo)
DUBAI, United Arab Emirates, Nov. 4, 2021 /PRNewswire/ — Boeing (NYSE: BA) will showcase its market-leading portfolio of commercial, defense and services products at the 2021 Dubai Airshow this month, including the international debut of its newest fuel-efficient widebody jet, the 777X, along with the company’s growing autonomous capabilities such as the Boeing Airpower Teaming System.
During the event, a Boeing 777-9 flight-test airplane will soar in the airshow’s flying program and appear in the static display. Building on the best of the industry-leading 777 and 787 families, the 777-9 will be the world’s largest and most efficient twin-engine jet, delivering 10% better fuel use, emissions and operating costs than the competition.
The company’s static display will also feature the 2021 Boeing ecoDemonstrator, an Alaska Airlines 737-9 that is flight testing about 20 technologies to reduce fuel use, emissions and noise and further improve safety.
In addition, Etihad Airways will display a 787-10 Dreamliner that showcases the airline’s collaboration with Boeing to advance sustainable aviation. Etihad’s program researches and tests innovative technologies, products and practices on its fleet of 787s and within its operations to further reduce carbon emissions. Also on display, flydubai – the region’s largest 737 operator – will feature a 737 MAX 9 that reduces fuel use and CO2 by 14% compared to its predecessors.
Boeing’s exhibit in Dubai will highlight defense products including the F-15EX Eagle II fighter jet and T-7A Advanced Pilot Training System, as well as its Autonomous Systems portfolio, including the Boeing Airpower Teaming System and the Insitu Integrator ER and ScanEagle unmanned systems.
Global defense customers are expected to display several operational Boeing aircraft, including the MV-22 Osprey, KC-46A Pegasus, P-8A Poseidon, C-17 Globemaster III, AH-64 Apache and CH-47F Chinook.
Boeing also will discuss its parts, modifications, digital, sustainment and training solutions, including an expansive global supply chain, maintenance and logistics network. Government services will feature in-country partnerships with on-the-ground support for its installed base of defense platforms. Commercial services highlights will include Boeing Converted Freighters, expanded support to regional customers and near-term sales opportunities.
CALGARY, Alberta & KANSAS CITY, Mo.–(BUSINESS WIRE)– Canadian Pacific Railway Limited (NYSE: CP) and Kansas City Southern (NYSE: KSU) have announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico and Canada.
The comprehensive control application provides an overview of the proposed operational integration of the CP and KCS rail networks, the impact of that consolidation on the companies’ finances and labour needs, and the anticipated competitive and other benefits that will flow from providing shippers with new and better transportation alternatives. Information in the filing outlines the public and customer benefits a CP-KCS combination would bring, including more efficient north-south trade arteries to support the interconnected supply chains of the United States, Mexico and Canada.
In addition to the central foundation of the transaction to invigorate transportation competition and support economic growth across North America, the CP-KCS combination will generate many other public benefits, including:
The creation of more than 1,000 direct new jobs system-wide, including approximately 760 in the United States, over the next three years brought about by expanded rail operations across the combined network.
Capital investments in new infrastructure of more than USD$275 million1 over the next three years to improve rail safety and capacity of the core north-south CPKC main line between Louisiana and the Upper Midwest.
Avoidance of more than 1.5 million tons of greenhouse gas (GHG) emissions within five years due to the improved efficiency of CPKC versus current operations.
Diverting 64,000 long-haul truck shipments to rail annually with new CPKC intermodal services, eliminating another 1.3 million tons of GHG emissions over the next two decades, saving $750 million in highway maintenance costs.
Rail customers will not experience a reduction in independent railroad choices as a result of the CP-KCS combination. The joint control application reiterates the applicants’ commitment to keep all existing freight rail gateways open on commercially reasonable terms, including the Laredo gateway between the United States and Mexico, and shows how customers will not lose competitive routings because no new regulatory “bottlenecks” are being created. It also describes how the combined company will compete aggressively to attract traffic to its network via new single-line lanes between Canada, the Upper Midwest and the Gulf Coast, Texas, and Mexico.
More than 960 stakeholders, including more than 440 shippers, 186 smaller railroads, dozens of public officials, eight major ports, railroad labor unions representing both CP and KCS employees and 289 rail industry suppliers have written letters to the STB supporting CP’s proposed combination with KCS.
CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately $31 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $300 per share, representing a 34 percent premium, based on the CP closing price on Aug. 9, 2021, the date prior to which CP submitted a revised offer to acquire KCS, and KCS’ unaffected closing price on March 19, 2021.2
The transaction is subject to approval by shareholders of each company along with satisfaction of customary closing conditions, including Mexican regulatory approvals. Shareholders are expected to vote on the transaction later this year.
CP’s ultimate acquisition of control of KCS’ U.S. railways is subject to the approval of the STB. In April 2021, the STB determined it would review the CP-KCS combination under the merger rules in existence prior to 2001 and the waiver granted to KCS in 2001 to exempt it from the 2001 merger rules. In August 2021, the STB reaffirmed that the pre-2001 rules would govern its review of the CP-KCS transaction. On Sept. 30, 2021, the STB confirmed that it has approved the use of a voting trust for the CP-KCS combination.
The STB review of CP’s proposed control of KCS is expected to be completed in the second half of 2022. Upon obtaining control approval, the two companies will be integrated fully over the ensuing three years, unlocking the benefits of the combination.
While remaining the smallest of six U.S. Class 1 railroads by revenue, the combined company would have a much larger and more competitive network, operating approximately 20,000 miles of rail, employing close to 20,000 people, and generating total revenues of approximately $8.7 billion based on 2020 actual revenues.
For more information about the benefits of the CP-KCS combination, visit futureforfreight.com
Qantas will open a temporary lounge to cater for eligible customers travelling between Sydney and London via Darwin from next month.
It follows the recent announcement that Qantas’ flagship Australia to United Kingdom route would operate via Darwin once Australia’s international borders open on 1 November until at least April 2022 due to WA border closures.
Qantas will lease Darwin International Airport’s Catalina lounge, which will have space for approximately 100 guests utilising existing furniture and fittings. The offering will feature:
Service delivered by local Qantas lounge team members, including a signature welcome mocktail (Top End Lemonade) and refreshing cold towels.
Generous lounge and dining areas with a serviced buffet
Tailored menus for time of day, drawing on local culinary influences such as a Darwin markets inspired Asian style soup.
Premium Australian wines, beers and non-alcoholic drinks offered by a dedicated bar attendant
Power points through the space to recharge on the fly
Bathroom facilities
Qantas Group Chief Customer Officer, Stephanie Tully, said the national carrier is delighted to work with Darwin International Airport to ensure a comfortable transit experience for its top tier frequent flyers and customers travelling in Business Class.
Customers eligible to visit the Qantas Darwin International Transit Lounge include:
Platinum One, Platinum, Gold Qantas Frequent Flyers and Qantas Club members
Customers travelling in Business Class
Eligible oneworld partner members
Qantas will also reopen its Sydney International First Lounge from 1 November and its London and Los Angeles lounges in December. In the interim few weeks of operation, eligible Qantas customers will be able to visit the British Airways T3 Lounge at London Heathrow and the Star Alliance Lounge at Tom Bradley International Terminal in LA. Other international lounges will reopen to align with the return of further international routes.
