Tag: capacity (Page 8 of 12)

Alstom Celebrates Cairo Metro Line 3 – Phase 4 Entry into Service

August 17, 2020 / WIL BALDWIN

Alstom has successfully supplied, tested and commissioned part of Cairo Metro line 3 – Ph4 with a total of 10 stations from Heliopolis to Adly Mansour. His excellency the Egyptian President Abdel Fattah Al Sisi, the Prime Minister Dr. Mostafa Madbouly and the Minister of Transport, Kamel El Wazir, have inaugurated the line with the presence of Dr. Essam Wally the Chairman of NAT (National Authority for Tunnels), and Mena AZER, Project Manager of Alstom Egypt.

In May 2015, NAT awarded Alstom, as a consortium leader, a contract to provide system and subsystem design, manufacturing, installation, testing / commissioning, training, maintenance for signaling, centralized control and telecommunication systems for Cairo Metro line 3 Phase 4A. On the same date, NAT awarded Alstom, as a member of the G3 Power Supply Consortium, a contract for the design, supply, installation, testing, commissioning, training, maintenance of power traction system (Rectifier Stations, Lighting and Power Stations & Annexes Structure and Switch Rooms).

In November 2017, the Egyptian Joint venture of Orascom and Arab contractor as main contractor for Ph4B, awarded Alstom a sub-contract to extend the Cairo Metro Line 3 with additional 4 stations & Main Depot (Adly Mansour).

Urbalis is an advanced signalling system that helps operators to ease commuter congestion. Constantly upgraded, the solution aids urban operators in maximizing their performance and capacity while providing standard supervision and control supporting their operational needs. Designed for heavy ridership metros, the system offers a considerable range of functions that improve headway and average speed performance.

Alstom has been present in Egypt for over 40 years and has contributed to support the strong trend of railway infrastructure development in the country. Over decades, Alstom Egypt has developed a local talent pool that is today in charge of a center of excellence related to Signaling, Power Supply and Depot Equipment which is supporting our projects within all MEA region. It is this heritage that has allowed Alstom Egypt to make a significant contribution to Egypt’s rail industry development.

Boeing 777 Freighter Joins the Volga-Dnepr Group

August 17, 2020 / WIL BALDWIN

– 777 Freighter’s superior range and efficiency to complement Volga-Dnepr’s fleet

– Volga-Dnepr becomes the 19th operator of the large-capacity twin-engine freighter.

A Boeing [NYSE:BA] 777 Freighter today joined the Volga-Dnepr Group fleet of 24 Boeing freighters today, departing Paine Field in Everett, Washington. The fuel efficient twin-engine freighter will begin operations with AirBridgeCargo, a subsidiary of Volga-Dnepr.

AirBridgeCargo will operate the airplane via a sale-leaseback agreement with Dubai Aerospace Enterprise (DAE).

“We are delighted to welcome Volga-Dnepr Group as our newest customer as they introduce the 777 Freighter to their fleet,” said Firoz Tarapore, DAE’s Chief Executive Officer. “DAE Capital is the world’s largest lessor of the profitable and efficient 777 Freighter. We look forward to a long and rewarding relationship with Volga-Dnepr Group as they continue to grow their successful operations.”

Volga-Dnepr Group is among the world’s largest Boeing freighter operators, flying 17 747 freighters and five 737 freighters, including 13 747-8F, four 747-400ERF, two 737-800BCF and three 737-400SF.

The 777 Freighter, which can fly 4,970 nautical miles (9,200 kilometers), can carry a payload of 224,900 lbs. (102,010 kg), more cargo capacity than any other twin-engine freighter. Of all production freighters, only the 747F and 777 Freighter are capable of carrying tall and outsized cargo loads on 3-meter (10-foot) tall pallets. This common main-deck pallet height capability enables interchangeable pallets for both models. In addition, the 777F main deck side cargo door is extraordinarily wide at 3.72 meters (146.5 inches), giving that airplane outsized carriage capability beyond tall payloads.

“We are honored to partner with Dubai Aerospace Enterprise and Volga-Dnepr Group to introduce the 777 Freighter to Volga’s customers,” said Ihssane Mounir, Senior Vice President of Commercial Sales and Marketing, The Boeing Company. “We look forward to introducing the unsurpassed efficiency and capability of the 777 Freighter to complement Volga’s existing fleet.”

Boeing provides more than 90 percent of the worldwide dedicated freighter capacity. Customers have ordered 231 777 Freighters since the program began in 2005. Volga-Dnepr becomes the 19^th operator to date to use the large-capacity twin-engine freighter.

Cathay Pacific Posts Record $1.27 Billion First Half Loss

August 12, 2020 / WIL BALDWIN

Cathay Pacific aircraft are seen parked on the tarmac at the airport, following the outbreak of the new coronavirus, in Hong Kong

SYDNEY (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd reported a record HK$9.87 billion ($1.27 billion) first-half loss and said it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic.

The figure was in line with the HK$9.9 billion forecast it had flagged last month and included HK$2.47 billion of impairment charges.

Revenue plunged 48.3% to HK$27.7 billion in the six months ended June 30 as it slashed passenger flying to a barebones schedule due to lower demand and border restrictions, though it added more cargo-only flights as freight yields rose 44.1%.

The airline, which received a $5 billion rescue package led by the Hong Kong government, has so far refrained from large-scale job cuts but has warned it is reviewing all aspects of its business model with an update expected by the fourth quarter.

“Inevitably this will involve rationalisation of future planned capacity compared to pre-crisis plans, taking into account the market outlook and cost structure at that time,” Chairman Patrick Healy said in a statement on Wednesday.

It has rearranged its aircraft order book with Airbus SE to delay deliveries, is in advanced talks with Boeing Co to do the same and has begun sending one-third of its fleet outside Hong Kong for storage in less humid conditions.

The airline said last month that it had reduced its monthly cash burn to about HK$1.5 billion from between HK$2.5 billion and HK$3 billion while maintaining a minimal flying schedule.

Cathay is expected to report a full-year loss of around HK$13.6 billion, according to the average of 13 analysts polled by Refinitiv before it released its half-year results.

The airline’s shares had surged 9.3% on Wednesday ahead of the earnings announcement, which was made while trading was suspended for the market’s lunch break.

“It is laggard buying on some traditional economy stocks,” Steven Leung, a sales director at UOB Kay Hian, said of the rise.

($1 = 7.7506 Hong Kong dollars)

(Reporting by Jamie Freed; additional reporting by Donny Kwok in Hong Kong; Editing by Himani Sarkar)

Freighters To The Rescue: Korean Air Posts Q2 Profit

August 8, 2020 / WIL BALDWIN

Korean Air leveraged its cargo operation to turn a profit in the second quarter when nearly every other passenger airline has reported enormous losses after COVID-19 travel restrictions brought most flight operations to a standstill.

The South Korean carrier has one advantage that many pure passenger airlines lack – freighters. The company said it increased the operation rate of its freighter fleet and maximized cargo supply on passenger airplanes to generate an operating profit of $123.7 million and net income of $135.3 million.

Korean Air lost the ability to sell cargo space in the lower deck of passenger airplanes when travel demand sagged and it suspended most flights, resulting in a 92% drop in passenger revenue. The airline said it replaced that capacity by increasing the operation rate of freighters by 22% year-over-year through strict maintenance checks and oversight – increasing its total capacity by 1.9%.

The freighter fleet consists of 23 Boeing 747-8 and 747-400 aircraft, according to the airline’s website. It ranked as the sixth-largest cargo airline in the world in 2018, according to the International Air Transport Association.

Click the link below for the full story!

https://finance.yahoo.com/news/freighters-rescue-korean-air-posts-195548132.html

Cargo Airline Cashing in on Junk-Bond Boom

August 4, 2020 / WIL BALDWIN

At a little-known cargo airline that handles shipments for United Parcel Service Inc. and Amazon.com Inc., business is booming.

With passenger carriers forced to cut most of their freight capacity during the pandemic, seven-year-old Western Global Airlines LLC has picked up new orders amid a surge in online shopping.

Now, it’s benefiting from another big tailwind: the credit rally sparked by the Federal Reserve’s unprecedented backstop.

The Estero, Florida-based carrier is borrowing hundreds of millions of dollars from the junk-bond market to fund a stock program that will give it a sizable tax break, hand the founders a large payout and potentially keep its workforce union-free.

Click the link below to read the full story!

https://finance.yahoo.com/news/cargo-airline-cashing-junk-bond-231010892.html

British Airways Plans to Sell Shares and Avoid Bailout

July 26, 2020 / WIL BALDWIN

British Airways is scrapping all its Boeing 747 jumbo jets.

It’s cutting capacity to prepare for years of weak demand for air travel.

Now Reuters sources say owner IAG has a plan to get its finances in good order too.

They say the company will probably sell shares at the end of the summer, in a bid to raise almost 2.9 billion dollars.

Though other options for raising the money are being considered.

The cash would be used to keep group airlines in business, and avoid a government bailout.

That’s in contrast with European rivals.

Air France has secured a 7 billion euro package from the French government.

Germany’s Lufthansa agreed a 9 billion euro rescue deal.

IAG has avoided any such agreement, hoping to limit state involvement in how it’s run.

It has though taken state-backed loans in the UK and Spain, where it owns Iberia.

The sources say the airline is working with banks including Goldman Sachs and Morgan Stanley on the new plan.

It’s thought an announcement could coincide with financial results due at the end of the month.

Neither the airline nor the banks would comment on the reports.

IAG shares have lost about 66% of their value this year.

On Friday (July 24) afternoon they were in the red again, down over 5%.

Click the link below to watch the video report!

https://finance.yahoo.com/video/ba-aims-sell-shares-dodge-154041288.html

DHL Express Increases Capacity with Boeing Converted Freighters

July 22, 2020 / WIL BALDWIN

DHL Express and Boeing [NYSE: BA] announced that it will add four 767-300 Boeing Converted Freighters (BCF) as part of the logistics company’s efforts to continue modernizing and growing its fleet with cost-efficient and reliable freighters.

This step is part of DHL’s effort to modernize its long-haul intercontinental fleet in order to fly more eco-friendly and cost-efficiently. The aircraft are converted from passenger to freighter configuration by Boeing to fit the needs of DHL Express and meet the rising global demand for express services.

“We are excited to introduce additional Boeing 767 freighters to the DHL Express air network,” explains Geoff Kehr, senior vice president, Global Air Fleet Management, DHL Express. “We have operated the 767-300F model across our global fleet for many years and look forward to continue investing in the platform by adding more 767-300BCFs. The freighter type offers a proven versatility and we appreciate the opportunity to further enhance efficiency while simultaneously improving our environmental footprint. This brings us closer to our Strategy 2025 goals and ensures we deliver the best quality service possible to our customers.”

The world’s most efficient medium wide-body twin-engine freighter, the Boeing 767 freighter family boasts the lowest direct operating costs, best payload-to-weight ratio and allows airlines to develop new opportunities in the long-haul, regional and feeder markets. The 767-300BCF has virtually the same cargo capability as the 767-300F production freighter with approximately 50 tonnes structural payload at a range of approximately 3,000 nautical miles (5,556 kilometers) and 412,000 pounds (186,880 kilograms) maximum takeoff weight.

“Boeing’s 767 freighter, whether it is a production or converted option, offers an unmatched combination of capacity and capability as well as superior economics. We are delighted DHL has selected Boeing platforms to optimize their operations,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing. “We are committed to delivering the freighter capacity that DHL needs to succeed as one of the most trusted logistics and express cargo leaders in the world.”

DHL Express will add four 767-300 Boeing Converted Freighters (BCF) as part of the logistics company’s effort to modernize its long-haul intercontinental fleet, allowing for more eco-friendly and cost-efficient routes. (Photo credit: DHL)

AIRPORT NARITA, TOKYO, JAPAN - 2017/05/06: Air New Zealand Boeing 787-9 Dreamliner landing at Tokyo Narita airport. (Photo by Fabrizio Gandolfo/SOPA Images/LightRocket via Getty Images)

Air New Zealand Limits Capacity on Inbound International Services

July 8, 2020 / WIL BALDWIN

Air New Zealand has put a hold on new bookings on international services into New Zealand following a request from the New Zealand Government.

The move is to help ensure the country is able to provide quarantine accommodation for inbound passengers for the required 14-day period.

As well as the temporary hold on new bookings for the next three weeks, the airline is also looking at aligning daily arrivals with the capacity available at managed isolation facilities. This may mean some customers will need to be moved to another flight.

Air New Zealand Chief Commercial and Customer Officer Cam Wallace says the airline has been working closely with the government to understand how it can support the government’s efforts to contain COVID-19 at the border.

“We accept this is a necessary short-term measure given the limited capacity in quarantine facilities and we’re keen to do what we can to help New Zealand’s continued success in its fight against COVID-19.”

The airline is proactively contacting customers affected by these changes from today. The Air New Zealand contact centre is currently experiencing very high demand, and customers are also welcome to contact the airline via its social media channels. Customers booked via a travel agent, including a third-party website (e.g. Expedia, Booking.com) should speak directly with their agent.

Air New Zealand is grateful to customers for their patience while it works through these changes.

Outbound Air New Zealand services from New Zealand to international ports are not affected by the New Zealand Government restrictions. Domestic services are not impacted.

We will update the COVID-19 Information Hub with more information on these changes.

Amtrak and Penndot to Restore Daily Keystone Service

July 4, 2020 / WIL BALDWIN

New safety initiatives will continue to be in effect for customers and employees

In coordination with state partners at the Pennsylvania Department of Transportation, beginning Monday, July 6, Amtrak is partially restoring full-length Keystone Service (New York – Philadelphia – Harrisburg) with one roundtrip between Harrisburg and New York in response to anticipated increased demand. Keystone Service train 640 will operate through to New York and train 653 will originate in New York and operate through to Harrisburg.

Modified Keystone Service includes nine weekday roundtrips and six roundtrips on weekends. Aside from the one additional roundtrip being added to New York, other Keystone Service trains will continue to temporarily operate between Philadelphia and Harrisburg only. Pennsylvanian (Pittsburgh – Philadelphia – New York) service was previously fully restored in June and includes one daily roundtrip operating normally between New York, Philadelphia and Pittsburgh.

Amtrak continues to take extra steps to keep train travel safe, including limiting bookings to less than half of capacity to maintain ample space for physical distancing onboard trains. All trains will be reserved to allow for physical distancing. Ticketing is now available on Amtrak.com, on Amtrak mobile apps or by calling 800-USA-RAIL.

“We are dedicated to doing everything possible to return service safely. We want everyone to feel comfortable as they navigate this new normal,” said Amtrak President and CEO Bill Flynn.

In addition to aggressive steps to disinfect stations and trains, additional Amtrak measures deliver a New Standard of Travel by including the following:

Face coverings: As part of Amtrak’s ongoing commitment to protect customers and front-line employees in response to the coronavirus pandemic, Amtrak is requiring that all customers in stations, on trains and Thruway Buses wear face coverings. The Centers for Disease Control and Prevention recommends the use of simple cloth face coverings or masks to slow the spread of the virus and prevent transmission.
Limiting bookings: We are limiting bookings on most trains to allow for more physical distancing in seating areas. Individuals traveling alone may use the seat next to them for personal belongings, while friends and family members will easily find seats together.
Air quality: All Amtrak trains are equipped with onboard filtration systems with a fresh air exchange rate every 4-5 minutes.
Cashless service: As an added measure to ensure the health and safety of our customers and employees, we are temporarily accepting only cashless payments in stations and on trains.
Physical distancing: Signage has been displayed at our busiest stations to indicate safe distances in high customer traffic areas such as waiting rooms, ticket offices, base/top of escalators, lounge entrances, etc. In addition, clear protective barriers have been installed at stations where there were no barriers.

Amtrak Downeaster, Boston, MA, BON, Amtrak Conductor The Downeaster is a 145-mile regional passenger train service, managed by the Northern New England Passenger Rail Authority, and operated by Amtrak.

Amtrak Downeaster Resumes Limited Service June 15

June 13, 2020 / WIL BALDWIN

PORTLAND, MAINE – The Northern New England Passenger Rail Authority (NNEPRA) announced yesterday that the Amtrak Downeaster will begin Phase 1 of Service Restoration beginning June 15, 2020. Service will resume with one round trip on weekdays only between Brunswick, ME and Boston, MA: southbound Train 680 and northbound Train 685. Downeaster service has been suspended since April 13, 2020.

A number of protocols and procedures have been implemented to protect the health and safety of passengers and crews.

Highlights of Phase 1 Service Restoration Plan:

Amtrak has implemented new cleaning and disinfecting protocols nationwide, and train equipment used in Downeaster service will undergo enhanced cleaning before and after each trip.
Crews and passengers will be required to wear face covering while boarding and moving about the train
The number of passengers per train will be limited to no more than 50% of available seating capacity so riders are able to adhere to physical distancing guidelines.
Advance reservations are required and cash sales will not be accepted.
Station facilities will not be open; passengers should go directly to the outdoor platform to wait for their train.
Café service will not be available, however complimentary water will be available upon request.
Stations are being updated with signage and other enhancements to promote public health and physical distancing.

While NNEPRA expects Downeaster increase service throughout the summer months, no date has been set for subsequent phases. The NNEPRA Board of Directors plans to meet later this month to evaluate the potential for adding more daily trips.

Pan Am Railways has expedited a series of track improvement and maintenance projects along the Downeaster corridor to take place this spring to avoid construction-related service interruptions later in the year. The schedule for Train 680 has been modified slightly to adjust for construction-related delays. Passengers on travelling on Train 685 to stations north of Haverhill should expect delays of approximately 15 minutes.

Complete information about the steps Amtrak is taking to protect the health and safety of their passengers and crews is available at Amtrak.com

For additional Amtrak Downeaster information visit: AmtrakDowneaster.com

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