Tag: efficient (Page 7 of 11)

US-Bangla Airlines Adds Two ATR 72-600 Aircraft To Fleet

February 12, 2020 / WIL BALDWIN

Singapore, 12 February, 2020 – World number one regional aircraft manufacturer ATR announce that Singapore based lessor Avation PLC has converted two Purchase Rights into firm orders for two ATR 72-600 aircraft. The aircraft will be leased to Bangladeshi airline US-Bangla, the biggest private airline in Bangladesh and will support the expansion of the airline’s turboprop fleet by increasing the number of ATR aircraft from six to eight. In addition, Avation has further acquired an additional two ATR 72-600 purchase rights to replace those that were exercised.

This development will see the airline expand its operations using the most efficient and eco-responsible aircraft on the market, which burns 40% less fuel and emits 40% less CO2 than a similarly-sized regional jet. With the lowest seat mile cost in its market segment, the ATR 72-600 is the only profitable regional aircraft in low fares environments, and offers unmatched comfort in a modern, spacious cabin. Since incorporating their first ATR, the market response has been extremely good on their domestic network and their regional flights are supporting the growing Bangladeshi economy. Increasing the size of their ATR fleet also allows US-Bangla to increase their frequency on certain trunk routes, offering more choice to passengers.

Mohammed Abdullah Al Mamun, Managing Director of US-Bangla said: “Regional connectivity is essential in Bangladesh and the region. We are delighted that we can offer our passengers the chance to access new opportunities throughout the country. Operating the ATR 72-600 makes total sense in Bangladesh, we have received very good feedback from passengers and are very satisfied with the reliability and comfort of these aircraft. With the -600 series’ modern and comfortable cabin, featuring the latest 18” wide passenger seats, we are able to give our passengers a premium experience, which is essential for US Bangla.”

Executive Chairman of Avation, Jeff Chatfield, commented: “The economics of the ATR 72-600, its wide customer base and proven environmental credentials make it an extremely attractive asset for both lessors and airlines operating in all types of environments. We are glad to foster our partnership with US-Bangla and see them expand their regional footprint and develop connectivity in Bangladesh.”

Stefano Bortoli, Chief Executive Officer of ATR, remarked: “It is pleasing to have two satisfied customers at the same moment. US-Bangla are continuing to increase their fleet size, showing the unrivalled performance of the ATR in providing regional connectivity throughout Bangladesh. We continually develop our product to ensure that operators and clients are satisfied. Aircraft with high asset values are essential for lessors. So when Avation, with its market acumen and track record of placing aircraft, continues to order the ATR we know that our product is working for our customers.”

US-Bangla use their regional fleet to connect all of Bangladesh and feed their international network from Dhaka. The value of regional connectivity is proven, with a 10% increase in regional flights leading to a six percent increase in regional GDP and an eight percent increase in Foreign Direct Investment.

Lessor BBAM Orders 3 Boeing 737-800 Converted Freighters

February 10, 2020 / WIL BALDWIN

SINGAPORE, Feb 11 (Reuters) – Boeing Co said on Tuesday that lessor BBAM had ordered three 737-800 converted freighters to serve the growing e-commerce market and express sectors of the air cargo market.

The planes to be converted will come from BBAM’s existing fleet. “This agreement shows how we can serve our customers by delivering efficient and reliable airplanes and a portfolio of services that extracts value throughout the life of those jets,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing.

Boeing also said it would inaugurate a 737-800 passenger to freighter conversion line in China this summer.

The new line will be at Guangzhou Aircraft Maintenance Engineering Company Ltd (GAMECO), a joint venture between China Southern Airlines Co Ltd and Hutchison Whampoa.

(Reporting by Jamie Freed; Editing by Himani Sarkar)

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

Avolon CEO Says Green Airlines Should Pay Less to Lease Planes

January 20, 2020 / WIL BALDWIN

DUBLIN, Jan 20 (Reuters) – Airlines with the best environmental scores should pay less for leasing aircraft than more polluting competitors, the head of one of the world’s top leasing companies said on Monday.

The radical proposal from Dublin-based Avolon comes as aviation firms face mounting scrutiny over climate policies not only from environmental groups but also investment funds that monitor Environmental, Social and Governance (ESG) performance.

Avolon, one of the top three aircraft lessors, claims to have one of the industry’s youngest and most efficient fleets.

“But that narrative is not good enough for the next 1, 2, 3 or 4 years,” Chief Executive Domhnal Slattery warned.

“More and more of our major bond investors are keen to understand what our ‘E’ strategy is within ‘ESG’. We in turn are keen to understand when underwriting our airline credits what their ‘E’ strategy is,” he told Reuters.

Slattery predicted that lessors, which depend heavily on access to funds to run their capital-intensive businesses, would in future exert more pressure on airlines.

“You could see over time that airlines that have a better environmental score could get lower lease rates,” he said.

Click the link to read the full story!

https://finance.yahoo.com/news/avolon-ceo-says-greener-airlines-195857989.html

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.

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.

First Airbus A350-1000 Joins the Air Caraibes Fleet

December 23, 2019 / WIL BALDWIN

Air Caraïbes (a member airline of Groupe Dubreuil) has taken delivery of its first A350-1000, the largest member of Airbus’ new-generation A350 XWB Family, making it the first French operator of the type. The airline plans to operate its A350-1000s alongside its three A350-900s and six A330s on routes from Paris to the French Caribbean. The new aircraft will seamlessly integrate into Air Caraïbes existing fleet thanks to Airbus’ unique fleet commonality and provide the airline with additional flexibility. In total, Groupe Dubreuil has three A350-1000s on order.

Air Caraïbes’ A350-1000 are configured in a three-class layout with 429 seats (24 “Madras” Business, 45 in “Caraïbes” Premium Economy and 360 in “Soleil” Economy). All A350 XWBs are equipped with a quiet and comfortable Airspace cabin with a new lighting system, which strengthens the sense of passenger wellbeing and relaxation on long-haul flights.

The A350 XWB features the latest aerodynamic design, a carbon fibre fuselage and wings, plus new fuel-efficient Rolls-Royce engines. Together, these features translate into unrivalled levels of operational efficiency with a 25% reduction in fuel burn and emissions. The A350 XWB’s Airspace cabin is the quietest of any twin-aisle and offers passengers and crews the most modern in-flight products for the most comfortable flying experience.

At the end of November 2019, the A350 XWB Family had received 959 firm orders from 51 customers worldwide, making it one of the most successful widebody aircraft ever.

Air Lease Corporation Delivers New Airbus A321-200neo Aircraft to Air Macau

December 15, 2019 / WIL BALDWIN

LOS ANGELES, December 12, 2019 – Today Air Lease Corporation (“ALC”) (NYSE: AL) announced the delivery of one new Airbus A321-200neo aircraft on long-term lease to Air Macau. This aircraft, featuring Pratt & Whitney PW1133G engines, is the first of two A321-200neo aircraft confirmed to deliver to the airline from ALC’s order book with Airbus and the first A321-200neo to deliver to the airline.

“We are pleased to announce this first of two A321-200neo aircraft delivery to Air Macau today and be the first to introduce the A321neo to the airline,” said Jie Chen, Executive Vice President and Managing Director, Asia – President, Air Lease Corporation Hong Kong Limited. “The ALC team has a long history of working with Air Macau and we are thrilled to continue to build our strong relationship with the airline by providing the most modern, fuel-efficient aircraft.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Air France-KLM Orders Additional 10 Airbus A350 XWB’s

December 14, 2019 / WIL BALDWIN

The Air France-KLM Group has decided to place a firm order for 10 additional widebody A350-900’s, which will take its total order for the type to 38 aircraft.

By acquiring the industry’s most efficient and technologically advanced widebody aircraft, the airline will benefit from a significant reduction in fuel burn and CO₂ emissions. The A350 XWBs are intended to be operated by Air France.

“Rationalising and modernising the fleet is central to our effort to regain our leading position in Europe,” said Benjamin Smith, CEO of Air France-KLM Group. “It will strengthen our performance from both an economic and operational standpoint, and will help us deliver on our ambitious sustainability agenda. Offering a 25% reduction in fuel consumption compared to previous-generation aircraft, the Airbus A350-900 is a jewel of European expertise and a passenger favorite. We are excited to see it become a core asset of the Air France fleet.”

“Ben is leading an impressive transformation at Air France-KLM and we feel honoured that our A350 XWB aircraft have been selected as part of this endeavor,” said Guillaume Faury, Airbus Chief Executive Officer. “We sincerely thank Air France-KLM for the confidence placed in us.”

Air France-KLM currently operates a fleet of 159 Airbus aircraft.

The A350 XWB features the latest aerodynamic design, a carbon fibre fuselage and wings, plus new fuel-efficient Rolls-Royce engines. Together, these features translate into unrivalled levels of operational efficiency with a 25% reduction in fuel burn and emissions. The A350 XWB’s Airspace by Airbus cabin is the quietest of any twin-aisle and offers passengers and crews the most modern in-flight products for the most comfortable flying experience. By the end of November, the A350 XWB Family had received 959 firm orders from 51 customers worldwide, making it one of the most successful widebody aircraft ever.

Emirates Airlines Orders 50 A350XWB at Dubai Airshow 2019

November 18, 2019 / WIL BALDWIN

Airbus and Emirates Airline have signed a purchase agreement for 50 A350-900s – Airbus’ newest generation widebody aircraft.

The order was signed at Dubai Airshow 2019 by His Highness Sheikh Ahmed bin Saeed Al Maktoum and Guillaume Faury, Airbus Chief Executive Officer.

HH Sheikh Ahmed said: “Today, we are pleased to sign a firm order for 50 A350 XWB’s, powered by Rolls-Royce Trent XWB engines. This follows a thorough review of various aircraft options and of our own fleet plans. It is Emirates’ long-standing strategy to invest in modern and efficient aircraft, and we are confident in the performance of the A350 XWB.

“Complementing our A380’s and 777’s, the A350’s will give us added operational flexibility in terms of capacity, range and deployment. In effect, we are strengthening our business model to provide efficient and comfortable air transport services to, and through, our Dubai hub.”

Sheikh Ahmed added: “This deal reflects our confidence in the future of the UAE’s aviation sector, and is a strong affirmation of Dubai’s strategy to be a global nexus connected to cities, communities and economies via a world-class and modern aviation sector.”

“We are honoured by Emirates’ strong vote of confidence in our newest widebody aircraft, taking our partnership to the next level. The A350 will bring unbeatable economics and environmental benefits to their fleet,” said Guillaume Faury, Airbus Chief Executive Officer. “We look forward to seeing the A350 flying in Emirates colours!”

The A350 XWB offers by design unrivalled operational flexibility and efficiency for all market segments – up to ultra-long haul (17,900km). Its Airspace by Airbus cabin is the quietest of any twin-aisle aircraft and offers passengers and crews the most modern in-flight flying experience. The aircraft features the latest aerodynamic design, a carbon fibre fuselage and wings, plus new fuel-efficient Rolls-Royce Trent XWB engines. Together, these latest technologies result in 25% lower operating costs, as well as 25% reduction in fuel burn and CO2 emissions compared with previous-generation competing aircraft – demonstrating Airbus’ commitment to minimise its environmental impact while remaining at the cutting edge of air travel.

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