Tag: financial (Page 7 of 23)

Aeromexico and Delta Resume Austin and Dallas Service, Increase Flights to Houston

April 9, 2021 / WIL BALDWIN

Effective July 1, Aeromexico and its partner Delta Air Lines will resume daily service from Mexico City to Austin and Dallas, Texas, adding to their current weekly service from Mexico City to Houston and San Antonio, Texas. Additionally, starting next week, both carriers announce an increase in their service to Houston.

With these resumptions, the airlines will offer a total of 47 routes between the United States and Mexico, increasing connectivity to benefit their joint customers.

Austin offers cultural attractions for all types of visitors, such as the impressive Texas State Capitol, Zilker Metropolitan Park, Lady Bird Lake, and the SoCo District, renowned for its art galleries, restaurants, and music venues. It’s also home to a thriving technology community and the University of Texas at Austin.

Further north, Dallas is a great business and leisure destination, featuring the largest urban art district in the United States, more than 160 museums in the metropolitan area, and the biggest and oldest zoo in Texas. It’s also home to companies from important sectors such as telecommunications, information technology, financial services, and transportation.

During April, both airlines will offer approximately 3,600 flights between the U.S. and Mexico, a seven-fold increase compared to the same period in 2020.

Both airlines offer the highest standards in safety and cleanliness protocols meant to protect their customers and employees. Delta offers the Delta CareStandard, while its main partner Aeromexico offers the Health and Sanitization Management System (HSMS).

Japan Coast Guard and Singapore Add Airbus H225 Helicopters

April 9, 2021 / WIL BALDWIN

Japan Coast Guard (JCG) will expand its fleet with two new Airbus (OTC: EADSY) H225 helicopters, taking its total Super Puma fleet up to 17, comprising two AS332s and 15 H225s. The largest Super Puma operator in Japan received its tenth H225 in February this year. The new helicopters will join its growing fleet to support territorial coastal activities, security enforcement, as well as disaster relief missions in the country.

JCG’s H225 fleet is covered by Airbus’ highly adaptive HCare Smart full-by-the-hour material support. This customised fleet availability programme allows the national coast guard agency to focus on its flight operations whilst Airbus manages its assets

Offering the industry’s best range, speed, payload and reliability in the 11-ton-category twin-engine rotorcraft, the H225 is the latest member of Airbus Helicopters’ Super Puma family that has accumulated more than 5.7 million flight hours in all-weather conditions around the world. Equipped with state-of-the-art electronic instruments and renowned autopilot precision, the H225 offers outstanding endurance and fast cruise speed, and can be fitted with various equipment to suit a variety of roles.

Close to 30 helicopters from the Super Puma family are currently flown in Japan by civil, parapublic operators, and Japan’s Ministry of Defense for various search and rescue missions, VIP, fire-fighting, and passenger and goods transportation.

Also, the Republic of Singapore Air Force (RSAF) has taken delivery of its first H225M helicopter. Airbus Helicopters signed the contract with Singapore’s Ministry of Defence for the acquisition of H225M Medium Lift Helicopters in 2016.

Singapore’s fleet of H225Ms is expected to assume a wide range of roles, including search and rescue, aeromedical evacuation, as well as humanitarian assistance and disaster relief operations.

A combat-proven multi-purpose and versatile asset, the H225M enables military forces to deploy wherever and whenever needed. 104 H225Ms are currently in service across the world, having accumulated more than 143,000 flight hours. The H225M is relied upon by Brazil, France, Indonesia, Malaysia, Mexico Thailand to support their most demanding missions.

Tigerair Taiwan Becomes New Airbus A320neo Operator

April 9, 2021 / WIL BALDWIN

Taipei, 8 April 2021 – Tigerair Taiwan, the low cost subsidiary of China Airlines, has taken delivery of its first A320neo. This is the first of 15 A320neo Family aircraft scheduled to join the airline’s fleet. The aircraft is also the first A320neo to be introduced in Taiwan, and will be the optimal platform for Tigerair Taiwan to increase capacity and open new routes across the Asia region. The A320neo has a range of up to 3,200nm, enabling flights of up seven hours from Taipei.

With the A320neo, Tigerair Taiwan will benefit from the lowest operating costs and highest comfort levels in the single-aisle segment, while maintaining a high degree of commonality with the A320ceo. Tigerair Taiwan’s A320neos are powered by Pratt & Whitney PW1100G engines and configured in a single class layout with 180 seats.

The A320neo Family offers the widest single-aisle cabin in the sky and incorporates the latest technologies, including new generation engines and Sharklets, delivering a 20 per cent reduction in fuel consumption. At the end of March 2021, the A320neo Family had won nearly 7,400 firm orders from 120 customers worldwide.

Lufthansa Airbus A350-900 “Erfurt” Will Become Climate Research Aircraft

April 7, 2021 / WIL BALDWIN

Predicting the weather even more accurately, analyzing climate changes even more precisely, researching even better how the world is developing. This is the goal of a globally unique cooperation between Lufthansa and several research institutes.

Converting an aircraft into a climate research plane poses major challenges. Lufthansa has chosen the most modern and economical long-haul jet in its fleet – an Airbus A350-900 named “Erfurt” (registration D-AIXJ). In three stages, the “Erfurt” will now become a flying research laboratory.

In Lufthansa Technik’s hangar in Malta, the first and most extensive conversion work was carried out. Preparations were made for a complex air intake system below the belly. This was followed by a series of test insertions, at the end of which came the certification of a climate research laboratory weighing around 1.6 tons, the so-called CARIBIC measurement laboratory. The acronym CARIBIC stands for “Civil Aircraft for the Regular Investigation of the atmosphere Based on an Instrument Container” is part of a comprehensive European research consortium.

The “Erfurt” is expected to take off from Munich at the end of 2021 for its first flight in the service of climate research, measuring around 100 different trace gases, aerosol and cloud parameters in the tropopause region (at an altitude of nine to twelve kilometers). Lufthansa is thus making a valuable contribution to climate research, which can use these unique data to assess the performance of current atmospheric and climate models and thus their predictive power for the Earth’s future climate. The special feature: Climate-relevant parameters can be recorded at this altitude with much greater accuracy and temporal resolution on board the aircraft than with satellite-based or ground-based systems.

The A350 conversion, which has now been launched, was preceded by an ex-tremely elaborate planning and development phase of about four years involving more than ten companies (in particular Lufthansa, Lufthansa Technik, Airbus, Saf-ran, enviscope, and Dynatec) as well as the Karlsruhe Institute of Technology (KIT) as representative of a larger scientific consortium.

The Lufthansa Group has been a reliable partner of climate research since 1994 and has since equipped several aircraft with special instruments. This is now the first time worldwide on an Airbus A350-900 aircraft.

First 100% Sustainable Aviation Fuel Study on Commercial Jet Emissions Launched

March 18, 2021 / WIL BALDWIN

Toulouse, France, 18 March 2021 – A team of aerospace specialists has launched the world’s first in-flight emissions study using 100% sustainable aviation fuel (SAF) on a wide-body commercial passenger aircraft. Airbus, German research centre DLR, Rolls-Royce and SAF producer Neste have teamed up to start the pioneering ‘Emission and Climate Impact of Alternative Fuels’ (ECLIF3) project looking into the effects of 100% SAF on aircraft emissions and performance.

Findings from the study – to be carried out on the ground and in the air using an Airbus A350-900 aircraft powered by Rolls-Royce Trent XWB engines – will support efforts currently underway at Airbus and Rolls-Royce to ensure the aviation sector is ready for the large-scale use of SAF as part of the wider initiative to decarbonise the industry.

A team of aerospace specialists has launched the world’s first in-flight emissions study using 100% sustainable aviation fuel (SAF) on a wide-body commercial passenger aircraft.

Fuel-clearance engine tests, including a first flight to check operational compatibility of using 100% SAF with the aircraft’s systems, started at Airbus’ facilities in Toulouse, France, this week. These will be followed by the ground-breaking flight-emissions tests due to start in April and resuming in the Autumn, using DLR’s Falcon 20-E ‘chase plane’ to carry out measurements to investigate the emissions impact of using SAF. Meanwhile, further ground tests measuring particulate-matter emissions are set to indicate the environmental impact of SAF-use on airport operations.

Both the flight and the ground tests will compare emissions from the use of 100% SAF produced with HEFA (hydroprocessed esters and fatty acids) technology against those from fossil kerosene and low-sulphur fossil kerosene.

The SAF will be provided by Neste, a leading worldwide supplier of sustainable aviation fuel. Additional measurement and analysis for the characterisation of the particulate-matter emissions during the ground testing will be delivered by the UK’s University of Manchester and the National Research Council of Canada.

Amtrak Releasing Six 50th Anniversary Commemorative Painted Locomotives

March 17, 2021 / WIL BALDWIN

Amtrak fans across the country may soon spot a few freshly painted locomotives featuring new anniversary logos rolling down the tracks as America’s Railroad® celebrates 50 years of service this year. The first of six different commemorative 50^th anniversary locomotives has already entered service on the national network.

“We chose locomotives already budgeted for new paint as part of our life cycle preventative maintenance program and used the opportunity to celebrate this significant milestone on the most iconic component of our business,” said Amtrak President Stephen Gardner. “The locomotive designs uniquely honor our heritage and our vision of connecting communities, economies and families nationwide.”

The commemorative locomotive list includes:

P42 #46 in “Phase V 50^th” – The standard Amtrak livery for the past two decades with our “Connecting America for 50 Years” slogan including a large golden yellow 50.
P42 in “Midnight Blue”: An all new one-of-a-kind paint scheme celebrating the dedication and commitment of our employees moving people around the clock and across the nation.
P42 in “Phase VI” – The first adaptation of the latest Amtrak livery phase on a P42.
P42 in “Phase I” – A rendition of Amtrak’s first livery phase dating back to 1972.
P42 in “Dash 8 Phase III” – The award-winning livery designed for the Dash 8 locomotive fleet in the early 90s, adapted for the first time to a P42 locomotive.
ALC-42 #301 in “Day 1” scheme – A historic throwback to the unique design created for the first day of operations on May 1, 1971, applied to Amtrak’s newest locomotive.

Each P42 locomotive is being painted and overhauled at the Amtrak Beech Grove shops in Beech Grove, Ind., rolling out over the coming months and entering service across the national network. Employees will also ensure that these locomotives are maintained to high performance and safety standards. ALC-42 #301 is currently being manufactured by Siemens in Sacramento, Calif. and is expected to be delivered in April to undergo testing in the Northeast Corridor before entering service on the national network.

In addition to the commemorative locomotives, 50^th Anniversary collectible items are also now available for purchase at the Amtrak store, including t-shirts, glasses, a challenge coin, pins and other celebratory Amtrak gear.

Amtrak 50th – Paint Scheme and Livery History

Emirates and TAP Air Portugal Sign MOU to Expand Strategic Partnership

March 17, 2021 / WIL BALDWIN

Dubai, UAE, March 2021 – Emirates and TAP Air Portugal has signed a Memorandum of Understanding (MoU) to expand the codeshare partnership currently in place between both airlines. The new agreement will see customers of both airlines benefit from seamless connectivity on many new routes across the Americas, North Africa and East Asia. Emirates and TAP Air Portugal will also explore ways to enhance the co-operation on their respective frequent flyer programmes including reciprocal earning and redemption opportunities and popular benefits such as lounge access.

In addition, both airlines plan on supporting each other’s stopover programmes in Dubai and Lisbon, with Emirates also supporting TAP Air Portugal as it looks at potential expansion opportunities in the UAE.

Subject to required regulatory approvals, the expanded agreement is expected to come into effect from 01 May 2021, will provide customers with seamless booking, ticketing and travel benefits across 70 destinations on both airlines’ networks.

Under the expanded partnership, TAP Air Portugal will place its code on Emirates’ flights to popular East Asia destinations such as Taipei, Tokyo, Osaka, Mumbai, Delhi, Dhaka, Male, Jakarta, Denpasar, Manila, Hanoi, as well as Barcelona, and Mexico City.

Emirates customers will be able to seamlessly access additional domestic destinations in Portugal, as well as TAP Air Portugal’s flights to cities in the USA, Canada, Mexico, Brazil, Senegal, Guinea-Bissau, Guinea-Conakry, Morocco, Tunisia, Gambia, and Cape Verde.

ATR Outlines Plan for Recovery in 2021 and Beyond

March 17, 2021 / WIL BALDWIN

Toulouse, 17 March 2021 – ATR is determined to emerge stronger from the COVID crisis by strengthening its global presence in the next decade and by continuing to offer the most sustainable and modern option for regional air travel.

In 2020, ATR was quick to react to the circumstances by supporting its customers with rapid freight conversion solutions, sanitary tutorials as well as storage and maintenance instructions. Throughout its sites, the company put in place operational and sanitary measures.

Last year, the world’s leading regional aircraft manufacturer delivered 10 aircraft and received six gross orders. Despite the unprecedented market conditions for aircraft manufacturers, 2020 saw nine new operators using ATR aircraft and 84 new routes opened. In addition, ATR operators launched services in three new countries. Last December, the first purpose-built freighter (ATR 72-600F) was delivered to FedEx.
Whilst air travel is still in its early phases of recovery, ATR has a clear and actionable plan to overcome the current challenges by continuing to pioneer sustainable and cutting-edge solutions for regional connectivity.

ATR’s plan for recovery includes:

The implementation of incremental improvements into the aircraft family, to enhance operational efficiency and reduce maintenance costs through system upgrades and state-of-the-art avionics, maintaining the competitive and environmental advantage we offer to our customers
Following the delivery of the first new purpose built freighter to FedEx, ATR is well positioned to benefit from the resilience of the cargo market, already at pre-Covid level. Air cargo is expected to double its capacity in the next 20 years, and point to point express deliveries can best be served by our aircraft
The Short Take Off and Landing variant of the ATR42-600 will open a range of opportunities in airports with airstrips between 800 and 1,000 m
Around 900 ageing regional turboprop will need to be replaced in the next years, and a more sustainable, cost-efficient and modern aircraft like the ATR can ensure profitability for its operators.

ATR has already flown with a combination of Sustainable Aviation Fuels (SAFs) and is further investigating its possibilities. To fill the gap from today until new disruptive technologies will be made available, ATR will explore new solutions to further reduce the carbon footprint of the aircraft.

The ATR joint venture was born with the mission to deliver a cost-effective, low fuel consumption aircraft that could reach small or remote airports with little infrastructure and short runways, and continue to pioneer cutting-edge technology fully oriented towards its customers’ requirements and the need to connect local communities with the global economy, healthcare, education and culture.

Investment Firm 777 Partners Order 24 Boeing 737 MAX Airplanes

March 16, 2021 / WIL BALDWIN

Boeing [NYSE: BA] and private investment firm 777 Partners announced today an agreement to add 24 737-8s to the firm’s diverse aviation portfolio, with purchase rights for an additional 60 airplanes. The Miami-based company will place the single-aisle airplanes with its growing portfolio of low-cost carrier investments around the world.

In addition to aircraft leasing, 777 Partners strategically invests in a host of aviation businesses, from operating carriers to technology-driven solutions. The firm’s travel sector strategy is largely focused on innovative solutions for interlining, passenger connectivity, and creating new commerce channels for its airline investments and customers.

The 737-8 can fly 3,550 nautical miles, about 600 miles farther than its predecessor. This additional capability allows airlines to offer new and more direct routes for passengers. The 737-8 reduces fuel use and CO₂ emissions by 16% compared to the airplanes it replaces, and that superior fuel efficiency means lower operating costs and a smaller environmental footprint. Every airplane features 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.

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

777 Partners is a Miami-based private alternative investment firm that invests across a number of high growth attractive verticals. Founded in 2015, 777 Partners initially applied its expertise in underwriting and financing of esoteric assets to diversify across a broad spectrum of financial services businesses, asset originators and financial technology/service providers. In recent years, the firm has broadened its mandate and now invests across six different industries: insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment, and aviation.

AeroMexico Lands in Russia for the First Time

March 10, 2021 / WIL BALDWIN

Mexico City, March 10, 2021 – Cooperating with DHL Global Forwarding, Aeromexico managed to achieve its first flight in its history to Russia operating a cargo charter flight. The flight departed from Mexico City on March 8, with a stopover in Madrid, Spain. The flight continued on to Moscow Sheremetyevo International Airport in Russia, landing on March 9. Following cargo loading, the Boeing 787 Dreamliner aircraft took off for the return flight to Mexico City, once again stopping over in the Spanish capital.

Aeromexico, in the last 12 months, has landed its Dreamliner aircraft at 20 new airports in 14 countries including: Belo Horizonte, Cabo Frio, Cali, Fortaleza, Frankfurt, Guatemala, Guayaquil, Hong Kong, Kingston, Moscow, Panama, Porto Alegre, Quito, Santo Domingo, San Jose, San Pedro Sula, San Salvador, Shenzhen, Winnipeg, and Wuhan.

Since the start of the pandemic, Aeromexico has transported more than 6,400 tons of cargo on 325 charter operations to ship medical supplies and other necessary goods to Mexico, as well as 16 countries. Aeromexico Cargo operates in more than 40 airports in Mexico, and several other destinations including the USA, Canada, Central America, South America, Asia, and Europe. The most common cargo carried includes medical supplies, pharmaceuticals, perishable goods, live animals, and high technology consumer and corporate items.

Archives