Tag: fleet (Page 8 of 45)

Air Lease Corporation Activity Update for the Second Quarter of 2023

July 11, 2023 / WIL BALDWIN

LOS ANGELES–(BUSINESS WIRE)– Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales activities, and financing occurring in the second quarter of 2023.

As of June 30, 2023, ALC’s fleet was comprised of 448 owned aircraft and 80 managed aircraft, with 359 new aircraft on order from Boeing and Airbus set to deliver through 2029.

Aircraft Investments

Delivered 19 new aircraft from ALC’s order book including three Airbus A220-300s, two Airbus A320neos, seven Airbus A321neos, two Airbus A330-900neos, one Airbus A350-900, one Airbus A350-1000, two Boeing 737-9s, and one Boeing 787-9.
Aircraft investments in the quarter totaled approximately $1.5 billion.

Sales

Sold eight aircraft to third-party buyers.
Aircraft sales for the quarter totaled approximately $600 million.

Financing

Entered into approximately $900 million of financing transactions during the quarter.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.

About Air Lease Corporation

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

Investors:
Jason Arnold
Vice President, Investor Relations
Email: investors@airleasecorp.com

Media:
Laura Woeste
Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com

Ashley Arnold
Senior Manager, Media and Investor Relations
Email: press@airleasecorp.com

Source: Air Lease Corporation

OBB orders another 35 new double-decker multiple units from Stadler

July 10, 2023 / WIL BALDWIN

Austrian Federal Railways (OBB) is once again ordering 35 new KISS double-decker multiple units from Stadler Rail AG (SWISS: SRIAF). In addition to 14 trains for long-distance services, Stadler is also supplying 21 KISS vehicles for local transport. The order is part of the framework agreement signed in 2022 for up to 186 double-decker multiple units. Including the first call-off, 76 vehicles were thus ordered. Thanks to its high degree of innovation and generous space, the KISS has impressed customers in 14 countries.

ÖBB and Stadler are continuing the joint replacement of the Austrian local and long-distance transport fleet. Last year, OBB called off 41 KISS double-decker multiple units from a framework agreement for 186 trains. OBB and Stadler have signed the contract for exercising the next option with a volume of around 600 million euros. This comprises a total of 35 new double-decker multiple units, 14 of which are six-car trains for long- distance services and 21 are four-car KISS vehicles for local transport. The deployment of the new trains is planned in stages from mid-2026.

The KISS double-deck multiple units ordered as part of the first call-off in April 2022 will go into assembly on schedule and are scheduled for service in the eastern region as of 2026. For Stadler, it is a great vote of confidence and proof of the good cooperation that OBB is already calling off such a high number of further trains in this project phase.

Maximum capacity for tomorrow’s rail transport

Since 2010, the KISS has been successfully operating as a local or long-distance train with a high passenger capacity from Western Europe to the Caspian Sea – and soon also in the USA. Since the first delivery, 620 double-deck trains have been sold in 14 countries. Under a wide range of climatic conditions, in climates from Silicon Valley to Azerbaijan, from suburban trains to long-distance transport, the KISS cover hundreds of thousands of kilometers every day. Hardly any other double-decker vehicle concept demonstrates such flexibility.

Air Inuit Ratifies Agreement to Acquire Three Boeing Next Generation 737-800 Aircraft

July 9, 2023 / WIL BALDWIN

Fleet Modernization

Air Inuit Ratifies an Agreement to Acquire Three Boeing Next- Generation 737-800 Aircraft to Better Serve the People of Nunavik and Beyond

Saint-Laurent, QC, July 3, 2023 – Air Inuit today announced the ratification of an agreement for the acquisition of three Boeing Next-Generation 737-800 aircraft to be added to its fleet as part of its mission to provide world-class passenger and freight service to the people of Nunavik, its Network and beyond. The aircraft will be customized using Air Inuit’s innovative combi configuration solution to provide safe and comfortable passenger service and reliable freight delivery simultaneously.

“The addition of these aircraft to our fleet enhances our capacity to efficiently transport passengers and deliver essential cargo to the communities we serve,” said Christian Busch, President and CEO of Air Inuit. “Acquiring these modern aircraft also supports our airline’s goal of reducing carbon emissions and doing our part in the fight against climate change.”

By eventually replacing the venerable Boeing 737-200 aircraft currently in service, fuel emissions will be cut by nearly 40 per cent.

The three Boeing Next-Generation 737-800 aircraft will be fitted with main deck cargo doors to meet requirements at hubs across Nunavik and beyond, which in turn service each of the communities of Air Inuit’s network.

This addition to Air Inuit’s fleet marks a milestone for the airline which was founded in 1978. “We can all be proud of this vital service which is celebrating 45 years of operation in 2023. Once again, Air Inuit is demonstrating leadership as it grows and adapts to the changing needs of the communities it serves,” said Noah Tayara, Executive Chairman of Air Inuit.

“The modernization of Air Inuit’s fleet is part of a broader initiative to fulfil its mission as an instrument of economic and social development which is wholly owned by the Nunavik

Press Release For Immediate Release

people,” said Pita Aatami, President of Makivik Corporation. “This is made possible thanks to important investments by the Inuit of Nunavik.”

The introduction of the three new aircraft will take place gradually over the next 24 months. This fleet modernization project and the growth of the region will require important governmental investments to upgrade Nunavik’s airstrips. Discussions are currently underway with stakeholders to ensure this vision is developed in accordance with the priorities of community members. Further details will be provided in the coming months.

About Air Inuit

Founded by the Inuit of Nunavik in 1978, Air Inuit, a wholly owned subsidiary of Makivik Corporation, was created to provide air connections between Nunavik’s 14 coastal villages and the South, to promote trade and to preserve Inuit culture. With more than 1,000 employees and a fleet of 30 aircraft, the Company is also committed to the development of this immense territory and the prosperity of its people by providing support to various community organizations, cultural events, educational and sports programs, as well as the implementation of employment access programs for Inuit people.

MEDIA INQUIRIES:

Tim Duboyce
Massy Forget Langlois Public Relations c: 514 604-9282
tduboyce@mflrp.ca

6005 boul de la Côte-Vertu Saint-Laurent (QC) H4S 0B1 airinuit.com

Talgo’s Intercity trains enter service in Egypt five months ahead of schedule

July 8, 2023 / WIL BALDWIN

Madrid, Spain, July 7th, 2023 – Egypt’s National Railway company (ENR) has recently confirmed the entry of the sixth and last Intercity trains into commercial operation for daytime services on the line that connects Alexandria with Cairo and Aswan. With this approval, the delivery of the rolling stock that makes up the fleet supplied by Talgo has been made official more than five months ahead of schedule.

The first train of this project started operating in December 2022. Since then, the rest of the trains have been delivered to the Egyptian operator and have gradually entered service at a rate of, approximately, one train composition per month. The trains, which belong to the Talgo 230 platform for Intercity or Long-Distance services, run at a maximum commercial speed of 160 km/h and have a capacity of approximately 500 passengers each.

The ENR units consist of a diesel-electric locomotive, a technical car and 14 towed passenger cars. The contract, worth 158 million euros, also includes complete maintenance for, at least, eight years, employing local personnel trained by the Spanish manufacturer.

The interior of these trains has been designed based on Talgo’s experience in high comfort long-distance compositions and services, such as the ones supplied for the Mecca-Medina high-speed line in Saudi Arabia. They are equipped with interior air conditioning certified for extreme temperatures, an onboard Wi-Fi platform throughout the train, and infotainment systems with LED screens in each of the first-class seats.

State-owned ENR launched the tender process in August 2016 as part of a project funded by the European Bank for Reconstruction and Development (EBRD) with the final bidding phase closing in October 2018.

Although Talgo is primarily known for its very high-speed trains that operate at over 300km/h (in fact, it is the company with the highest market share in the competitive Spanish market), it has more than 80 years of experience in the manufacture and maintenance of conventional rolling stock.

Viva Aerobus signs Memorandum of Understanding for 90 Airbus A321neo aircraft

July 8, 2023 / WIL BALDWIN

Mexico City, July 8th, 2023.- Viva Aerobus has signed a Memorandum of Understanding (MoU) for 90 Airbus (OTC: EADSY) A321neo aircraft. This is the third order Viva has completed with the European manufacturer, thus maintaining a single fleet of A320 family aircraft. The airline’s order book has now reached 170 Airbus aircraft which provides flexibility to continue growing and renewing its fleet, upholding it as one of the youngest in the Americas.

The A321neo offers unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50 percent noise reduction, and more than 20 percent fuel savings compared to previous single-aisle generation aircraft, while maximizing passenger comfort with the widest single-aisle cabin and large overhead stowage space.

The GTF engine uses a revolutionary geared fan technology that allows each part of the engine to spin at optimum speed, delivering the highest fuel efficiency and lowest greenhouse gas emissions.

These 90 Airbus A321neo aircraft powered by GTF engines will drive Viva’s domestic and international growth plans. This is particularly important since Mexico is expected to recover the US Federal Aviation Administration’s (FAA) Category 1 rating in the coming months. It is also very relevant given the commercial alliance Viva signed with US carrier Allegiant back in December 2021, which will give more people access to new non-stop air transport between Mexico and the US.

National Jet Express Takes Off From New Brisbane Base

July 8, 2023 / WIL BALDWIN

National Jet Express (NJE), a Rex Group company, has today firmed up its bold ambition to expand its footprint in the Queensland charter and mining market. NJE today took passengers to the skies for the first time in Queensland, with flight NC344 departing Brisbane at 0700 local time for Moranbah. This comes after NJE was successful in winning a contract to provide air services for BHP Mitsubishi Alliance (BMA).

httpswww.rex_.com_.auViewerpage1

httpswww.rex_.com_.auViewerpage2

Virgin Australia unveils cabin of the future and $110 million fleet-wide aircraft upgrade

July 8, 2023 / WIL BALDWIN

Saturday 8 July 2023: More than 3,000 Virgin Australia team members and their families will today celebrate the arrival of the airline’s first fuel-efficient Boeing 737-8 aircraft which touched down on Australian soil last week.

The celebrations, part of a Virgin Australia Family Day at the airline’s Brisbane Hangar, will be hosted by CEO, Jayne Hrdlicka and Boeing’s President of Australia, New Zealand and South Pacific, Maria Fernandez, who will welcome team members from across the Virgin Australia business, many who have flown in from interstate to have a first look at the new aircraft.

Fresh from the Boeing factory in Seattle and featuring that new plane smell, the Boeing 737-8 aircraft marks an exciting new milestone in the transformation of Virgin Australia with its fleet renewal program well underway as the airline continues to work towards its net zero emissions target by 2050. The aircraft is one of 33 fuel-efficient Boeing 737-8 and 737-10 aircraft Virgin Australia has on order, with more fuel-efficient aircraft set to be delivered in the coming months.

With the arrival of the Boeing 737-8, Virgin Australia has also revealed its highly anticipated new Business Class and Economy cabin interior as well as confirming plans to refresh the interior cabins on the airline’s remaining Boeing fleet, as part of an investment of approximately $110 million to improve the flying experience for customers.

Highlight features of the new Boeing 737-8 cabin interior include:

In-seat power for all Business Class and Economy seats.
Larger overhead lockers, with capacity to stow up to 50 per cent more carry-on baggage (individual guest carry-on luggage limits will not increase).
Wider Business Class seats which also feature leg rests with extendable footrests, storage compartments, tablet/device holders and water bottle holders.
A new Economy seat design, featuring a ribbed backing to elevate comfort and ergonomics.
A personal tablet/device holder for all Economy seats, making it easy to view Virgin Australia in-flight entertainment, movies and TV shows.

Click the link below to see the entire press release!

https://newsroom.virginaustralia.com/release/virgin-australia-unveils-cabin-future-and-110-million-fleet-wide-aircraft-upgrade

BAE Systems wins Multi-million pound contract to equip Royal Air Force Typhoons with latest advanced radar capabilities

July 5, 2023 / WIL BALDWIN

The Ministry of Defence (MOD) has awarded BAE Systems (OTC: BAESY) a £870m contract to deliver a new radar to enhance the Royal Air Force’s (RAF) Typhoon fighter jet fleet and strengthen the aircraft’s control of the airspace whilst providing cutting-edge electronic warfare capabilities.

The contract, awarded by the Ministry of Defence to BAE Systems, will see further development of technology and integration work on the European Common Radar System (ECRS) Mk2 radar by BAE Systems and Leonardo UK. The work is expected to lead to initial flight testing in 2024.

BAE Systems leads the overall design, development, manufacture and upgrade of the Typhoon aircraft for the UK and Leonardo is the lead for the aircraft’s main sensing and survivability systems including its radar and defensive aids sub-system.

The contract is part of the UK Government announcement made in July 2022, to invest £2.35 billion in the continued technology advancements in Typhoon capabilities, as recognition of its long-term role supporting national security and defence priorities.

Typhoon is a highly capable and extremely agile multi-role combat aircraft. It is capable of being deployed for the full spectrum of air operations, including air policing, peace support and high-intensity conflict. The RAF Typhoons are deployed alongside F-35B Lightning II to provide frontline capability for the UK.

The Typhoon programme supports more than 20,000 jobs across all regions of the UK every year, contributing £1.4 billion to the economy annually. The ECRS Mk2 radar programme sustains more than 600 highly-skilled jobs across the country, including more than 300 at Leonardo’s site in Edinburgh, more than 100 electronic warfare specialists at the company’s site in Luton, and 120 advanced engineers at BAE Systems’ site in Lancashire.

EVA Air Boosts Sustainable Fleet with Five Additional 787-9 Dreamliners

April 1, 2023 / WIL BALDWIN

– Repeat order for 787s supports EVA efforts to reduce carbon emissions, grow sustainably

– Providing flexibility for long-haul routes to North America, Europe and Asia

SEATTLE, March 30, 2023 /PRNewswire/ Boeing [NYSE: BA] and EVA Air today finalized an order for five additional 787-9 Dreamliners, a repeat order for Boeing’s super-efficient widebody jet. EVA Air’s follow-on investment in the 787 will enable the airline to further reduce carbon emissions and sustainably grow its fleet.

EVA Air ordered five more Boeing 787-9s following approval by its board of directors on March 13, 2023. The deliveries are scheduled to begin in 2025 and be completed in 2027. And, starting in mid-2024, EVA will update and reconfigure its 787-9s to add its popular Premium Economy Class to the Royal Laurel and Economy options now available on the aircraft. Inclusion of this latest 787 order will increase the number of B787s in EVA’s fleet to a total of 26, 13 B787-9s and 13 B787-10s. More information about EVA’s fleet and cabin services, in addition to its routes and booking choices, is available at www.EVAAir.com.

The Taipei-based airline currently operates a fleet of 10 787s, including four 787-9s and six 787-10s. With this new order, EVA Air has unfilled orders for seven 787-10s and nine 787-9s. EVA Air also operates one of the world’s largest 777 fleets with more than 40 airplanes, including passenger and freighter models, with one 777 Freighter on order.

All New Gulfstream G800 Makes First Flight

June 29, 2022 / WIL BALDWIN

SAVANNAH, Ga., June 28, 2022 — Gulfstream Aerospace Corp. today announced the all-new ultralong-range Gulfstream G800 successfully completed its first flight, officially launching the flight-test program of the industry’s longest-range aircraft. Announced in October 2021, the G800 is the latest addition to Gulfstream’s next-generation fleet to take flight and make progress toward customer deliveries.

The G800 departed Savannah/Hilton Head International Airport at 9:00 a.m. and landed there two hours later. In keeping with Gulfstream’s commitment to sustainability leadership in aviation, the aircraft made the flight using a blend of sustainable aviation fuel.

The G800 can fly 8,000 nautical miles/14,816 kilometers at Mach 0.85 and 7,000 nm/12,964 km at Mach 0.90 with class-leading fuel-efficiency, thanks to the combination of the Gulfstream-designed, advanced high-speed wing and all-new, high-thrust Rolls-Royce Pearl 700 engines.

The G800 is equipped with Gulfstream’s next-generation Symmetry Flight Deck and dual head-up displays featuring the new Combined Vision System, which includes Enhanced Flight Vision System and Synthetic Vision System imagery, further enhancing safety and pilot situational awareness.

All New Gulfstream G800 Makes First Flight

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