Tag: reduce (Page 7 of 7)

Boeing, China Airlines Finalize Order for Six 777 Freighters

September 4, 2019 / WIL BALDWIN

Carrier to modernize its freighter fleet with six of the world’s largest, most capable twin-engine freighters

SEATTLE, Sept. 4, 2019 /PRNewswire/ — China Airlines finalized its agreement with Boeing [NYSE: BA] to order six 777 Freighters to modernize its cargo fleet. The carrier, which currently operates one of the world’s largest 747 Freighter fleets, plans to transition to the largest and longest range twin-engine freighters in the industry as it launches operations from Taipei to North America, a key market that provides higher yields for the carrier.

Valued at $2.1 billion according to list prices, China Airlines had previously announced its intent to order up to six 777 Freighters at the Paris Air Show in June. Three of the six 777 Freighter orders were confirmed in July and posted to Boeing’s Orders and Deliveries website as an unidentified customer. The remaining three will post during the next update.

The versatile 777 Freighter can fly long-range trans-Pacific missions in excess of 6,000 nautical miles with 20 percent more payload than other large freighters like the 747-400F. The airplane, which is capable of carrying a maximum payload of 102 tons, will allow China Airlines to make fewer stops and reduce associated landing fees on these long-haul routes. As a result, it will provide China Airlines and other operators with the lowest trip cost of any large freighter and deliver superior ton-per-mile economics. In addition, the 777 Freighter features market-leading capacity for a twin-engine freighter, accommodating 27 standard pallets, measuring 96 inches by 125 inches (2.5 m x 3 m) on the main deck. This allows for lower cargo handling costs and shorter cargo delivery times.

“Air cargo is an important part of our overall business and the introduction of these new 777 Freighters will play an integral role in our long-term growth strategy,” said China Airlines Chairman Hsieh Su-Chien. “As we transition our freighter fleet to the 777Fs, this will enable us to deliver world-class services to our customers more efficiently and reliably.”

China Airlines, which marks its 60^th anniversary this year, currently operates 51 Boeing airplanes, including 10 777-300ERs (Extended Range), 19 Next-Generation 737s, four 747-400s and 18 747 Freighters.

“As China Airlines celebrates more than half a century of success, Boeing is honored to continue playing an integral role in its growth and expansion. With this order China Airlines will join an elite group of global air cargo operators operating new 777 Freighters,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. “With the global air freight market forecasted to double over the next 20 years, the 777 Freighter’s market-leading capabilities and economics will help China Airlines extend their network and grow their future cargo business.”

The addition of 777 Freighters will enable the carrier to streamline maintenance and parts for its 777 fleet. The carrier uses a number of Boeing Global Services solutions to support its Boeing fleet operations, including Airplane Health Maintenance and Maintenance Performance Toolbox. These data-driven platforms track real-time airplane information, providing maintenance data and decision support tools that allow technicians to quickly and correctly resolve issues. On the ground and in the air, China Airline’s entire fleet uses Jeppesen FliteDeck Pro and access to digital navigation charts to optimize performance and enhance situational awareness.

Collins Aerospace to Support F-35 and CH-47F Fleets for Royal Netherlands Air Force

August 19, 2019 / WIL BALDWIN

Craig Bries, vice president and general manager, Avionics Service and Support for Collins Aerospace and Lieutenant General J.D. Luyt, Commander of the Royal Netherlands Air Force, commemorated the collaboration at a signing ceremony earlier this year.

Collins Aerospace to establish first-of-its-kind F-35 pilot readiness center
Onsite field service engineers will reduce turnaround time for CH-47F fleet

CEDAR RAPIDS, Iowa (Aug. 19, 2019) – Collins Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), will play an important role in maintaining the readiness of the Royal Netherlands Air Force (RNLAF) F-35 and CH-47F fleets by providing local field service engineers, test capabilities and the first F-35 global pilot readiness center. The company recently signed a multi-platform Letter of Intent with the RNLAF to provide support at both Soesterberg, and Woensdrecht Air Base, The Netherlands.

A highlight of the Letter of Intent is that it foresees a first-of-its-kind pilot readiness center that would provide on-location helmet fitting, flight simulators and altitude chamber training for F-35 pilots. In addition, Collins Aerospace intends to provide local field service engineers and test capabilities at the Woensdrecht Air Base to reduce turnaround time on CH-47Fs and maintain the RNLAF fleet’s readiness levels. Collins Aerospace has an unmatched level of expertise on both platforms as the original equipment manufacturer for the avionics suite of the CH-47F Chinook, and components in the F-35 Helmet and flight simulator.

“Collins Aerospace and the RNLAF are working toward a common goal of supporting the new F-35 pilot readiness center and maximizing the availability of CH-47F avionics,” said Craig Bries, vice president and general manager, Avionics Service and Support for Collins Aerospace. “Our legacy as an avionics leader makes us the perfect partner to help ensure these fleets are ready at a moment’s notice.”

Work to establish the pilot readiness center, and to place local support personnel, is slated to begin in early 2020.

Embraer Advances Demonstrator Aircraft Electric Propulsion

August 18, 2019 / WIL BALDWIN

São José dos Campos-SP, August 16 2019 – Embraer unveiled today, on the eve of its 50th anniversary, images of the demonstrator aircraft with 100% electric propulsion technology, which is currently under development. The prototype has a special paint scheme and is ready to receive systems and components.

The aircraft’s electric motor and controller are being manufactured by WEG at the company’s headquarters in Jaraguá do Sul, Santa Catarina, Brazil, as part of the scientific and technological cooperation agreement for jointly development of electrification technologies.

Advances on the project include the partnership with Parker Aerospace that will be responsible to supply the cooling system for the demonstrator aircraft.

On the forthcoming months, the companies’ technical teams will continue to test the systems in the labs preparing the integration in the demonstrator aircraft for testing under real operating conditions. The first flight of the prototype is scheduled for 2020.

About the technological cooperation

The proposed scientific development program of aeronautical electrification, formalized through the cooperation between Embraer and WEG announced in May 2019, constitutes an effective and efficient instrument for experimentation and maturation of the technologies before they are applied in future products.

The partnership, in the context of pre-competitive research and development, seeks to accelerate the knowledge of the necessary technologies to increase the energy efficiency of an aircraft, considering the use and integration of electric motors into innovative propulsion systems. A small single-engine aircraft, based on the EMB-203 Ipanema, will be used as test bed, carrying out the initial evaluation of the electrification technology.

The electrification process is part of a series of efforts carried out by Embraer and the aeronautical industry aimed at ensuring the commitment with the environmental sustainability, as already done with biofuels to reduce carbon emissions.

By establishing strategic partnerships through more agile cooperation mechanisms, Embraer is stimulating knowledge networks to allow a significant increase in Brazil’s competitiveness and the construction of a sustainable future.

Textron Reviewing Strategic Alternatives for Kautex

August 5, 2019 / WIL BALDWIN

PROVIDENCE, R.I.–(BUSINESS WIRE)– Textron Inc. (NYSE: TXT) today announced that it is reviewing strategic alternatives for its Kautex business unit, which produces fuel systems and other functional components. Textron plans to consider a range of options, including a sale, tax-free spin-off or other transaction. Kautex operates over 30 plants in 14 countries and generated over $2.3 billion in revenue in 2018.

Kautex, headquartered in Bonn, Germany, is a leading developer and manufacturer of blow-molded plastic fuel systems and advanced fuel systems for cars and light trucks, including pressurized fuel tanks for hybrid applications. The unit also develops and manufactures camera/sensor cleaning solutions for automobiles, selective catalytic reduction systems used to reduce emissions from diesel engines as well as produces cast iron engine camshafts, crankshafts and other engine components.

“Kautex is a leading Tier One supplier to global OEMs. It has a long history of product innovation, world-class operations and strong financial performance,” said Scott C. Donnelly, Textron Chairman and Chief Executive Officer. “We are exploring strategic alternatives to see how we can position Kautex to best serve its customers for ongoing success while simultaneously unlocking potential value for our shareholders.”

No decision has been made and there can be no assurance that the process will result in any transaction being announced or completed in the future. The Company has not set a definitive timetable for completion of its review of strategic alternatives and does not intend to make any further announcements related to its review unless and until its Board of Directors has approved a specific transaction or the Company otherwise determines that further disclosure is appropriate.

Textron has retained Goldman Sachs & Co. LLC as financial advisor to assist in its review.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, Textron Systems, and TRU Simulation + Training. For more information visit: www.textron.com

Turkish Airlines Expands With First Boeing 787-9 Dreamliner

June 27, 2019 / WIL BALDWIN

Carrier to fly super-efficient, long-range 787-9 on new non-stop international routes

SEATTLE, June 26, 2019 – Boeing [NYSE:BA] today delivered the first 787-9 Dreamliner for Turkish Airlines, which plans to use the airplane’s fuel efficiency, range, reliability and size to operate new non-stop international routes such as Bali, Bogota-Panama, Washington and Atlanta.

“Turkish Airlines has been committed to continuously expanding its range of services on and off-ground as it grows in reach and flies to more international destinations than any other carrier in the world. With this goal in mind, we’re thrilled to reach new horizons with the addition of the 787-9 Dreamliner to our fleet flying from our new home, Istanbul Airport,” said M. İlker Aycı, Turkish Airlines’ Chairman of the Board and the Executive Committee. “The aircraft’s advanced technology, fuel efficiency, and passenger-centric cabin design will all help us remain the first choice for travellers and provide our loyal flyers across the globe with a best-in-class experience for years to come.”

More than 80 customers around the world have ordered more than 1,400 Dreamliners since the program’s introduction, making it the fastest-selling widebody jet in history. The 787 Dreamliner allows airlines to reduce fuel use and emissions by 20 to 25 percent and serve far-away destinations. The combination of fuel efficiency and long range has helped airlines flying the 787 family of airplanes save more than 36 billion pounds (16 billion kilograms) of fuel and open more than 235 non-stop routes.

As part of the 787 Dreamliner family, the 787-9 is powered by a suite of new technologies and a revolutionary design. It can fly 7,635 nautical miles (14,140 km) in addition to carrying more cargo and allowing airlines to profitably grow routes. The airplane allows operators to achieve better fuel efficiency per seat compared to the previous airplanes in its class.

Turkish Airlines’ Dreamliner has seating capacity for 300 passengers, including 270 economy class seats and 30 business class seats. The carrier’s 787 includes long haul economy class seats and business class monuments produced in Turkey by Turkish suppliers.

“Turkish Airlines’ growth has been remarkable in recent years, both in expanding flight options and supporting Turkey’s aviation industry. We are honored that Turkish Airlines is embarking on its next chapter of expansion with the 787 Dreamliner,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. “We are confident that the Dreamliner’s unmatched fuel efficiency, performance and passenger-pleasing comforts will contribute to the airline’s reputation as a five-star airline.”

About Boeing

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. The company supports commercial and government customers in more than 150 countries. Boeing employs more than 150,000 people worldwide and leverages 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. www.boeing.com

About Turkish Airlines

Based in Istanbul, Turkish Airlines carried 75,2 million passengers last year. The national flag carrier of Turkey currently operates direct flights to 311 destinations in 124 countries, as the only airline that flies to more countries and international destinations in the world. Turkish Cargo, the successful sub-brand of Turkish Airlines, is the world’s fastest-growing air cargo carrier considering the cargo volumes, new flight destinations, and expanding cargo fleet. It serves customers in more than 300 destinations including 88 dedicated direct cargo flights in over 120 countries.

Daimler Cuts 2019 Profit Outlook on Diesel Issues

June 23, 2019 / WIL BALDWIN

FRANKFURT (Reuters) – Daimler has cut its earnings outlook for this year after lifting provisions for issues related to its diesel vehicles by “a high three-digit million euro amount”, the carmaker said on Sunday.

Group earnings before interest and tax for 2019 are now expected to be at last year’s level. Previously, the carmaker had expected the figure to be “slightly higher”.

The revision is related to an increase in expected expenses linked to “various ongoing governmental proceedings and measures with regard to Mercedes-Benz diesel vehicles,” the company said.

A spokesman declined to elaborate on the nature of those issues.

However, Sunday’s profit warning follows news over the weekend that Daimler must recall 60,000 Mercedes diesel cars in Germany after regulators found that they were fitted with software aimed at distorting emissions tests.

The transportation ministry said it was expanding its investigation into further models.

The company also said it was reducing its forecast for the return on sales for Mercedes-Benz vans.

It now sees a return between minus 2% and minus 4%, below its previous forecast of a return on sales of 0% to 2%.

(Reporting by Tom Sims; Editing by Jan Harvey)