Tag: industry (Page 7 of 34)

TAAG Angola Airlines to renew fleet with Boeing 787 Dreamliners

October 10, 2023 / WIL BALDWIN

Luanda, Angola, October 10, 2023, PRNewswire, – Boeing (NYSE: BA) and TAAG Angola Airlines announced today that the African carrier is adding the highly fuel-efficient 787 Dreamliner to its fleet with an order for four widebody jets.

TAAG Angola Airlines currently flies five 777-300ER (Extended Range) jets, three 777-200ER’s and seven 737-700’s to 12 destinations across Africa, Europe, South America and China.

Boeing’s Commercial Market Outlook for Africa projects that the continent will need 1,025 airplanes over the next two decades. Overall African air traffic growth is forecast at 7.4%, the third highest among global regions and above the global average growth of 6.1%.

Since revenue service began in 2011, the 787 family has launched more than 370 new nonstop routes around the world. The 787 Dreamliner reduces fuel use and emissions by 25% compared to the airplanes it replaces. Passengers enjoy a better experience with the largest windows of any jet, air that is more humid and pressurized at a lower cabin altitude for greater comfort, large overhead bins, soothing LED lighting, and technology that senses and counters turbulence for a smoother ride.

Embraer re-imagines excellence with the all-new Phenom 100EX

October 9, 2023 / WIL BALDWIN

· The Phenom 100EX will debut at the 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) from October 17 to 19 in Las Vegas, Nevada

· New features include enhanced cabin comfort and new pilot-centric avionics features to deliver the ultimate flying experience for those in the cockpit and cabin

Melbourne, Florida, October 9, 2023 – Embraer SA ADR (NYSE: ERJ) today unveiled the Phenom 100EX business jet, the company’s latest evolution from the Phenom 100 series, which has served its loyal customers since 2008 with over 400 aircraft in operation. Adopted and trusted by owner-pilots, private companies, and flight academies, such as RAF, Emirates, Etihad, and the Finnish Aviation Academy, the Phenom 100 series is the most trusted entry-level platform in the industry. Now, the new Phenom 100EX delivers superior cabin comfort, operational versatility and safety enhanced pilot-centric avionics to offer the ultimate flying experience.

The Phenom 100EX is the result of continuous improvements over the years based on customer feedback. The aircraft incorporates Embraer’s Design DNA, which influenced the combining of cabin controls into sleek upper tech panels, as well as the seat design, increased use of more sustainable materials and flush-to-the-wall tables that maximizes workspace. The aircraft also includes interior enhancements, such as a baseline side-facing fifth seat and belted lavatory for additional passenger capacity. These detailed attributes throughout the cabin speak to the company’s commitment to delivering enhanced comfort, unparalleled in-flight experiences and even more productivity capabilities, while increasing the ease of maintainability. These new interior features complement the product’s best-in-class OvalLite™ cross-section, which provides further head- and legroom, as well as the most complete airstair and roomiest baggage compartment.

Leading the way in avionics and safety innovation, the Phenom 100EX is the first in its class to feature a Runway Overrun Awareness and Alerting System (ROAAS), which acts during one of the most critical moments of flight to build a clear picture of the anticipated landing conditions.

The cockpit is equally considerate with further pilot legroom provided by extended seat tracking and an open-concept cockpit for easier communication within the cabin. In addition to the reimagined cabin, the aircraft boasts enhanced pilot-centric avionics as part of the Prodigy Touch, based on the renowned Garmin 3000.

Other avionics improvements include FlightStream 510, automatic 3D volumetric scanning with lightning and hail prediction, stabilized approach, predictive windshear, and more.

Benefiting from the family’s reputation for high utilization and low maintenance costs, the entry-level jet is also one of the greenest dual-engine jets on the market, culminating in a versatile aircraft built to offer the highest level of operational flexibility. The Phenom 100EX is triple-certified by ANAC, FAA and EASA and is currently sold out in 2024 with the next available date for delivery in 2025.

Boeing and Nammo Ramjet 155 test sets distance record

October 9, 2023 / WIL BALDWIN

Arlington, Virginia, October 9, 2023 – A Boeing (NYSE: BA) and Nammo team set a record for longest indirect fire test of a ramjet-powered artillery projectile alongside officials from the U.S. Army — firing a Ramjet 155 munition from a 58-caliber Extended Range Cannon Artillery (ERCA) at Yuma Proving Ground, Ariz. The test advances development efforts for the Army’s top modernization priority, Long Range Precision Fires.

The success follows last year’s Boeing-Nammo test recording the longest-ever indirect fire test of a Ramjet 155 munition. That test was completed using a 39-caliber towed artillery cannon at the Andøya Test Center in Norway.

The Boeing-Nammo solution is being developed under the Army’s XM1155 program. Considered a powered guided artillery munition, Ramjet 155 utilizes an air-breathing engine design that uses the cannon firing to provide the speed needed for combustion.

In an upcoming test, Boeing and Nammo will integrate a precision guidance system, leveraging a Joint Direct Attack Munition (JDAM) mission computer onto the Ramjet 155. The demonstration will evaluate the system’s maturity and effectiveness against stationary and moving targets, and readiness to transition into the next phase of development.

THEOS-2 satellite for Thailand successfully launched

October 9, 2023 / WIL BALDWIN

The Airbus Group SE (Paris: AIR) THEOS-2 Earth observation satellite has been successfully launched on a Vega rocket from Kourou, Europe’s spaceport in French Guiana. The Geo-Informatics and Space Technology Development Agency of Thailand (GISTDA) selected Airbus as partner for its next-generation national geo-information system in 2018.

THEOS-2 follows the Airbus-built THEOS-1 satellite launched in 2008, which still continues to deliver imagery well beyond its 10-year operational lifetime. In the frame of THEOS-2 programme, GISTDA’s geo-information system benefits from satellite imagery collected by the Airbus constellation of optical and radar Earth observation satellites such as Pléiades and TerraSAR-X.

The contract also includes a second Earth observation satellite – THEOS-2 SmallSAT – from Airbus’ subsidiary SSTL, combined with a comprehensive capacity building programme involving Thai engineers in the development of applications, ground segment and the SmallSAT spacecraft itself. THEOS-2 SmallSAT is based on SSTL’s CARBONITE series of Earth observation spacecraft and has been delivered to Thailand.

THEOS-2 satellite in anechoic chamber – Copyright Airbus

KiwiRail’s next stage of upgrades focused on reducing commuter disruptions

October 8, 2023 / WIL BALDWIN

The next stage of KiwiRail’s network rebuild in Auckland will be a lot less disruptive than the previous stages. Since the start of 2023, KiwiRail has had to fully close rail lines in Auckland for work to upgrade and prepare the metro rail network for the more frequent metro trains to come when the City Rail Link opens.

Auckland Transport’s Executive General Manager Public Transport Services Stacey van der Putten says the reduced disruption for Stage 3 will come as welcome news to Auckland’s rail passengers.

During the rebuild period, Western Line trains will run on a single track affecting service frequencies, and timetables will be confirmed in due course.

Details of alternative public transport options will be available on the AT website www.AT.govt.nz/RailRebuild

Maersk launches rail offering from Barcelona, Spain to Southern France

October 8, 2023 / WIL BALDWIN

Barcelona, Spain – AP Moeller-Maersk AS (OTC: AMKBY) is launching a new rail product from the Port of Barcelona to Southern France especially designed to cut transit times of ocean cargo destined to the areas Toulouse, Bordeaux and Lyon by using Barcelona as an alternative gateway. Starting early November there will be three weekly direct block trains between Barcelona and Toulouse as well as one weekly connection between Barcelona and Lyon. Via Toulouse the solution also connects cargo to Bordeaux seamlessly by using a partner network. Furthermore, it is intended to extend the connectivity on the Spanish side by rail to the areas of Tarragona and Zaragoza.

This new offering can shorten transit times for import and export cargo in the areas Toulouse, Bordeaux and Lyon by up to 12 days (7 days on average) compared to traditional routings via French or North European ports. Thanks to shorter transport distances and the utilisation of electrified trains it can also be a more environmentally friendly routing. The block trains can also be booked for intra-continental cargo between Spain and France.

Maersk is operating this new end to end service via its own company APM Spain Railways and cooperates for the trains with the partners Captrain and Naviland.

Thanks to brand new interoperable locomotives, the block trains neither have to stop to change the locomotive or replace wheel-sets at the Spanish-French border for seamless operations and best-in-class reliability.

Allegiant Airlines secures financing for Airbus a320 ceo and Boeing 737 MAX aircraft

October 6, 2023 / WIL BALDWIN

Las Vegas, Nevada, October 3, 2023, PRNewswire – Allegiant Travel Company (NASDAQ: ALGT) announces financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas, Europe’s leading bank, and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.

The innovative $412M deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with healthy liquidity at an attractive cost in today’s market.

Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries.

Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319’s and A320’s.

Maersk & Kodiak Robotics launch commercial autonomous trucking lane between Houston and Oklahoma City

October 6, 2023 / WIL BALDWIN

Florham Park, New Jersey/Mountain View, California — A.P. Moller – Maersk AS (OTC: AMKBY) and Kodiak Robotics, Inc., have launched the first commercial autonomous trucking lane between Houston and Oklahoma City. The freight lane marks an expansion of the collaboration between Kodiak and Maersk, which began with their first autonomous freight deliveries together in November 2022 as part of Maersk’s Global Innovation Center Program. Kodiak has been delivering eight loads per week, with a safety driver behind the wheel, for Maersk customers since August.

Kodiak and Maersk are completing four round trips per week on a 24-hour-a-day, four-day-a-week basis between a Houston facility, where consumer products are loaded onto 53-foot trailers, to a distribution center in Oklahoma City. Operational learnings gained from the activity are captured and documented as part of the Kodiak Partner Deployment Program, which is designed to help companies learn how Kodiak’s self-driving trucks can become an integral part of their overall logistics strategy and offerings.

Autonomous trucking solutions have the potential to address long-term challenges faced by the trucking industry. According to the American Trucking Association, the trucking industry faces a shortage of roughly 78,000 drivers. The ATA estimates that, based on current driver demographic trends, as well as projected growth in freight demand, the shortage could swell to more than 160,000 over the next decade.

Safety continues to be a perennial challenge for the trucking industry as well. U.S. National Highway Traffic Safety Administration (NHTSA) research also estimates that 94% of crashes occur due to human error. For Kodiak, safety and performance are foundational to its autonomous trucking solution. Each vehicle is equipped with 18 different sensors, including cameras, radar, and lidar, that provide the platform with a 360-degree view around the truck. Every tenth of a second, the truck evaluates the performance of more than 1,000 safety-critical processes and components in both the self-driving stack and the underlying truck platform. The trucks learn in parallel, with system upgrades shared to the entire fleet simultaneously, and are not subject to environmental distractions.

Sun Country Airlines is today’s zacks.com “Bear of the Day”

October 6, 2023 / WIL BALDWIN

With very expansive top and bottom line growth expected over the next few years, investors may be wondering why Sun Country Airlines (Nasdaq: SNCY) stock is down -5% year to date.

The answer to this question lies in the trend of earnings estimate revisions which have largely declined landing Sun Country’s stock a Zacks Rank #5 (Strong Sell) and the Bear of the Day.

Click the link below to read the full story!

Bear of the Day

Nidec and Embraer receive approval for joint venture to develop Electric Propulsion System

October 5, 2023 / WIL BALDWIN

Kyoto, Japan, October 6, 2023 – Japan’s Nidec Corporation (OTC: NJDCY) and Brazil’s Embraer (NYSE: ERJ) welcome the unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace LLC. The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering conglomerates to develop Electric Propulsion Systems (EPS) for the aerospace sector.

Vincent Braley, chief of staff for Nidec’s Motion and Drives business in the United States, has been appointed the CEO of Nidec Aerospace with immediate effect. Braley brings broad experience in business development and management to his new role to lead the joint venture’s future growth.

Unveiled at the Paris Air Show in June, the business combination aims to unlock new opportunities by providing an agnostic portfolio of products and services worldwide, driven initially by the growth of the Urban Air Mobility (UAM) industry. The UAM market is emerging and could create a USD 1.5 trillion market by 2040, according to Morgan Stanley Research.

Archives