Tag: plan (Page 8 of 10)

British Airways to Become First UK Airline to Offset Carbon Emissions on Flights

October 11, 2019 / WIL BALDWIN

Airline announces plan to offset carbon emissions for all UK domestic flights from 2020
British Airways to invest in verified carbon reduction projects around the world
From 2020, British Airways’ carbon emissions on international flights will be capped through the United Nations’ carbon offsetting scheme
Announcement comes as parent company International Airlines Group (IAG) announces commitment to achieving net zero carbon emissions by 2050

From January 2020, British Airways will become the first UK airline to offset carbon emissions on all its flights within the UK.

All customers flying within the UK next year on flights operated by British Airways will have the carbon emissions from their flights offset by the airline and invested in carbon reduction projects around the world*. These quality assured projects will include renewable energy, protection of rainforests and reforestation programmes.

The airline operates up to 75 flights a day between London and 10 UK cities, including Manchester, Leeds, Newcastle, Isle of Man, Edinburgh, Glasgow, Aberdeen, Belfast City, Inverness and Jersey. British Airways’ domestic emissions total around 400,000 tonnes of C02 a year.

Today’s announcement comes as British Airways’ parent company, International Airlines Group (IAG), became the first airline group worldwide to commit to achieving net zero carbon emissions by 2050, contributing to both the UK Government’s commitment to a net zero carbon economy by 2050 and the United Nations’ objective to limit global warming to 1.5 degrees. IAG’s emissions’ goal will be achieved through numerous environmental initiatives, including investing more than US$400m in the development of sustainable aviation fuels over the next 20 years.

Alex Cruz, British Airways’ Chairman and Chief Executive, said: “British Airways is determined to play its part in reducing aviation’s CO2 emissions. To solve such a multi-faceted issue requires a multi-faceted response and this initiative further demonstrates our commitment to a sustainable future. It also follows our announcement to partner with renewable fuels company, Velocys, to build a facility which converts household and commercial waste into renewable sustainable jet fuel to power our fleet.”

While customers on UK domestic flights will not need to offset their emissions, those travelling further afield can also reduce their impact on the environment by using British Airways’ carbon offsetting tool. The carbon tool enables customers to calculate their emissions and then invest in carbon reduction projects including high quality forestry and renewable energy projects in Peru, Sudan and Cambodia**.

Using the tool, which can be accessed on https://www.pureleapfrog.org/ba/carbon_zero, a customer will pay around £1 to offset a return flight from London to Madrid, travelling in economy, while from London to New York in business class will cost around £15.***

Notes to Editors

* British Airways is investing in Verified Carbon Standard projects.

**British Airways’ offset scheme is operated through the airline’s partnership with not-for-profit organisation Pure Leapfrog. For more information on the carbon reduction projects, visit: https://www.pureleapfrog.org/ba

***While customers travelling on domestic flights’ carbon emissions are offset for them, customers flying outside of the UK can choose to pay to offset their emissions. Examples of pricing are shown below:

Journey	Cost to offset
London to Madrid (economy)	£ 1
London to New York (economy)	£ 5
London to New York (business)	£ 15
London to Los Angeles (economy)	£ 8
London to Los Angeles (business)	£ 24
London to Hong Kong (business)	£ 26

Customers can find a link to the carbon calculator at https://www.pureleapfrog.org/ba/carbon_zero

Ryanair German Pilots Vote (99%) For 4 Year Collective Labour Agreement

October 3, 2019 / WIL BALDWIN

Ryanair today (02 Oct) confirmed that its pilots based in Germany have voted by a majority of 99% in favour of a 4 year Collective Labour Agreement (VTV), to cover all Ryanair’s directly employed pilots in Germany until March 2023.

The agreement, negotiated between Ryanair and the pilot union VC, will deliver a new pay structure along with a fixed 5/4 roster. Ryanair and VC have also agreed a Social Plan to govern German base closures or reductions.

Italian Government Asks Delta To Do The Right Thing

September 28, 2019 / WIL BALDWIN

The Italian government is begging U.S. major Delta Air Lines, Inc. (NYSE: DAL) to up the proposed acquisition of a 10% stake in Alitalia for $100 million to at least 15%, according to a report in Italian media.

Loss-making Alitalia has been seeking new investors for more than two years after going into administration in May 2017 after workers rejected a plan to cut jobs and salaries. Successive Italian governments have had to balance the carrier’s massive losses with the need to placate a heavily unionized workforce.

Click the link for the full story! https://finance.yahoo.com/news/italian-government-asks-delta-thing-205301072.html

Electric Vehicle Startup Rivian Gets Big Van Order From Amazon.com

September 20, 2019 / WIL BALDWIN

DETROIT, Sept 19 (Reuters) – Electric vehicle startup Rivian Automotive LLC got a big boost from one of its investors on Thursday when Amazon.com announced it was ordering 100,000 electric delivery vans.

Before Rivian has even begun commercial production at its factory in Normal, Illinois, the Amazon order rocketed it to the forefront of electric vehicle makers.

Amazon Chief Executive Jeff Bezos said in Washington that as part of the online retailer’s plan to be carbon neutral by 2040 it would order the electric vans from Rivian, with deliveries starting in 2021. The goal is to deploy all the vehicles by 2024.

Rivian, a potential rival to Silicon Valley’s Tesla Inc, unveiled its electric R1T pickup and R1S SUV last November, but had piqued Amazon’s interest earlier. Bezos personally reached out to Rivian CEO R.J. Scaringe last summer to express interest in an investment, sources previously said.

Plymouth, Michigan-based Rivian, founded in 2009, has raised close to $1.9 billion from investors, including a $700 million February round led by Amazon.

The deal solidifies Rivian’s place among EV builders, said Sam Fiorani, a vice president with Auto Forecast Solutions. “It helps boost the image of the (Rivian) brand,” he said.

Rivian aspires to be the first to produce a mass market electric pickup. It intends to begin selling its R1T by the end of 2020, a target that has not changed with the Amazon deal in place, said Rivian spokeswoman Amy Mast said.

Traditional U.S. automakers Ford Motor Co, a Rivian investor, and General Motors Co, as well as Tesla, are pushing to develop their own electric pickups.

The Amazon vans, under the exclusive deal, will be built at Rivian’s plant, a former Mitsubishi factory in Normal, Illinois, Mast said. The first vehicles will be delivered in 2021 and 10,000 should be on the road by late 2022, she said. The vehicles will be serviced by Rivian.

Scaringe has described the Rivian vehicle’s platform as a skateboard that packages the drive units, battery pack, suspension system, brakes and cooling system all below wheel height to allow for more storage space and greater stability due to a lower center of gravity.

Amazon is looking to speed packages to shoppers’ doorsteps regardless of spikes in consumer demand or shortages of delivery personnel. Last year, Daimler AG’s Mercedes-Benz said Amazon had become the biggest customer of its Sprinter vans, securing 20,000 vehicles for delivery contractors.

Ford invested $500 million in Rivian in April with plans to use the Rivian EV platform to build a new vehicle in North America. Details of that vehicle were not disclosed. Ford is not involved in the Rivian deal, Mast said.

Cox Automotive Inc, the owner of the Autotrader online automobile market and the Kelley Blue Book car valuation service, invested $350 million in Rivian this month. The companies will explore partnerships in digital retailing, service operations and logistics.

Other backers include Saudi auto distributor Abdul Latif Jameel Co, Sumitomo Corp of Americas and Standard Chartered Bank.

Amazon’s reputation and the contract size would raise Rivian’s status with potential customers and investors, Fiorani said. It also offers the advantage of not having to chase buyers or ship vehicles all over the country.

(Reporting by Ben Klayman in Detroit; Editing by David Gregorio)

Alitalia Rescuers to Ask for Another Delay

September 5, 2019 / WIL BALDWIN

MILAN, Sept 5 (Reuters) – Companies hoping to rescue Italian carrier Alitalia will ask for a deadline for presenting their plan to be extended as they are still negotiating key aspects, two sources familiar with the matter said.

Italian railway group Ferrovie dello Stato, which is leading an effort to take control of Alitalia, is expected to ask administrators running the carrier for a “substantial” delay to the Sept. 15 deadline, one of the sources said.

It would be the sixth delay since Ferrovie expressed its interest in investing in the carrier at the end of last year.

Ferrovie, infrastructure group Atlantia and U.S. carrier Delta Air Lines have been discussing a joint plan for Alitalia for nearly two months, but they are at odds over highly-profitable North American routes, three sources familiar with the matter said.

The Italian partners in the consortium want Alitalia to have more freedom to expand its North American routes compared to what Delta is currently offering under a new cooperation agreement dubbed Blue Skies that it has set up with Air France KLM and Britain’s Virgin Atlantic.

How Alitalia would share the revenue coming from North American routes with Delta and other partners in the Blue Skies alliance is also under negotiation.

“The role of Alitalia in the Blue Skies alliance is a point of contention,” one of the sources said.

Long-haul flights to the United States and Canada account for more than one third of Alitalia’s revenue and are considered key to reviving the Italian carrier, which was put under special administration in 2017 after workers rejected the latest in a long line of rescue plans.

Administrators appointed by Italy’s government have cut costs and renegotiated plane leasing contracts to make Alitalia more efficient, but the carrier still burns cash and had been kept afloat thanks to a 900 million-euro bridging loan granted by Italy’s treasury.

Alitalia had only 410 million euro left in its coffers in July and would need fresh funds by the end of the year when it is expected to post a loss, according to another source.

Delta and Ferrovie declined to comment. (Additional reporting by Tracy Rucinski in Chicago Editing by Alexandra Hudson)

Alaska Airlines Expanding West Coast Service

August 30, 2019 / WIL BALDWIN

Alaska Airlines is adding new routes and additional frequencies.

SEATTLE, Aug. 28, 2019 /PRNewswire/ — Alaska Airlines reaffirms its commitment to the West Coast with new, nonstop service from the Pacific Northwest and the state of Alaska in the north, and from San Francisco, Los Angeles and San Diego in the south.

Starting in early January, guests will be able to travel eight new routes, which will appeal to both leisure travelers and those flying for business. Tickets are now on sale. The new scheduled service will link these destinations:

Spokane to Los Angeles (two daily departures)
Spokane to San Francisco (two daily departures)
Redmond / Bend, Oregon to Los Angeles
Redmond / Bend, Oregon to San Diego
Redmond / Bend, Oregon to San Francisco
Boise to Los Angeles (two daily departures)
Missoula, Montana to Los Angeles
Anchorage to San Francisco

“We’re excited to offer even more nonstops between vibrant Pacific Northwest communities and our growing hubs in California,” said Brett Catlin, Alaska Airlines managing director of capacity planning and alliances. “Whether it’s travel for a weekend getaway to Missoula or a day trip to San Francisco, we’re proud to offer nearly 600 daily flights between West Coast cities.”

Alaska is also increasing the frequency of flights between certain markets:

Beginning Jan. 7, there will be an additional flight between San Francisco and Orange County, California, for a total of seven daily nonstops. On March 19, there will be the addition of a second daily flight between San Francisco and Chicago O’Hare.
On Jan. 7, the flight between San Diego and Orlando, which is currently flown five times a week, becomes daily nonstop service. Starting March 19, second daily flights will begin between San Diego and Boise, and San Diego and Santa Rosa, California. Also on March 19, nonstop service between San Diego and San Jose, California, increases from four to six flights daily. On May 21, a second daily flight between San Diego and Boston goes into service.

Alaska’s guests can connect with the airline’s Global Partners at gateway airports on the West Coast – such as Los Angeles and San Francisco – to fly to more than 900 destinations around the globe. Flyers can also earn and redeem miles with the airline’s highly-acclaimed Mileage Plan program.

A majority of the new routes will be served by the Embraer 175 jet, an aircraft with only window and aisle seating – no middle seats. On all of the new routes, guests will enjoy award-winning service in a three-class cabin that includes First Class and Premium Class; a fresh, seasonal food and beverage menu; Most Free Movies in the Sky with hundreds of movies and TV shows available for viewing on personal devices; free texting on most flights; and Wi-Fi connectivity for purchase.

Alaska has also renovated its airport lounges in Anchorage, Los Angeles and Seattle, with a brand-new lounge in San Francisco scheduled to open in 2020.

Alaska Airlines and its regional partners fly 46 million guests a year to more than 115 destinations with an average of 1,200 daily flights across the United States and to Mexico, Canada and Costa Rica. Alaska Airlines ranked “Highest in Customer Satisfaction Among Traditional Carriers in North America” in the J.D. Power North America Airline Satisfaction Study for 12 consecutive years from 2008 to 2019. Learn about Alaska’s award-winning service at newsroom.alaskaair.com and blog.alaskaair.com. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).

Allegiant Airlines Announces Aircraft Base in the Lehigh Valley

August 21, 2019 / WIL BALDWIN

LEHIGH VALLEY, Pa., Aug. 20, 2019 /PRNewswire/ — State and local officials joined executives from Allegiant Travel Company (NASDAQ: ALGT) today as the company announced plans to establish a two-aircraft base at Lehigh Valley International Airport (ABE) in Lehigh County, Pennsylvania. Allegiant’s growth plans in the state include creating at least 66 new, high-wage jobs.

The Las Vegas-based company is investing $50 million to establish its new base of operations, which will house two Airbus aircraft. The company, which focuses on linking travelers in small-to-medium cities to world-class leisure destinations, plans to begin its base operations at Lehigh Valley International Airport on February 12, 2020. Lehigh Valley will become the airline’s 18^thaircraft base.

The Lehigh Valley is a two-county region in eastern Pennsylvania consisting of 62 municipalities and three cities; Allentown, Bethlehem, and Easton. Located one hour north of Philadelphia and 90 minutes west of New York City, the Lehigh Valley is the 69th largest metropolitan region in the United States, with a $40.1 billion GDP that is larger than that of two entire states, Wyoming and Vermont. With more than 15,000 businesses contributing to an incredibly diverse industry base, Lehigh Valley is the fastest growing and third most populous region in the state of Pennsylvania, with a population of more than 670,000 residents. Site Selection named the Lehigh Valley one of the top five fastest-growing regions with under a million people in the United States in 2018, and the fastest-growing region of its size in the Northeast U.S. for a third consecutive year.

Speaking at today’s announcement were Hilarie Grey, managing director of corporate communications for Allegiant Travel Company, Tom Stoudt, executive director at LVIA, Don Cunningham, president & CEO of the Lehigh Valley Economic Development Corporation and Pennsylvania Senate Majority Appropriations Chairman Pat Browne (R-Lehigh). Senator Browne secured a state grant to help offset capital costs of the expansion at LVIA and make the Lehigh Valley airport a more attractive option for Allegiant’s growth.

“Lehigh Valley International Airport continues to be a vital asset for the Lehigh Valley and a significant driving force for our growing economy. Today’s announcement ushers in a new era of leisure and commercial travel possibilities for the airport and our region,” Senator Browne said. “I applaud Allegiant for recognizing the importance LVIA plays in air travel and for choosing to expand their presence at the airport. I commend their commitment to creating additional high-paying jobs, capital investment and potential expansion of routes along with their continued dedication to being involved partners with the community. I was pleased to work with Allegiant on this endeavor to enhance our airport and provide state financial support to ensure the Lehigh Valley was able to secure this important opportunity.”

“Lehigh Valley is a perfect location for a permanent base, which will further establish Allegiant as a hometown airline in eastern Pennsylvania,” said Keith Hansen, vice president of government affairs for Allegiant. “It has been a great area for Allegiant, where passenger demand has grown steadily over the years. As a base airport, having locally-based aircraft and crews will give us a host of options for both new service and expanded operational hours. This will mean more opportunities for affordable, convenient travel for local residents and visitors to the area.”

“Excitement is sky high throughout the Lehigh Valley with the news of an Allegiant Crew Base landing at ABE,” said Thomas R. Stoudt, Executive Director, Lehigh-Northampton Airport Authority. “Since day one, Allegiant has demonstrated a strong commitment by providing air travelers affordable options and also have supported impactful regional initiatives. Now, they’ve created employment opportunities for this region which makes your neighborhood airport a more critical economic asset.”

Allegiant began operating at ABE in 2005 and currently offers seven non-stop routes – to Fort Lauderdale, Orlando/Sanford, St. Pete-Clearwater and Punta Gorda, Florida; Myrtle Beach, South Carolina; Nashville, Tennessee and Savannah, Georgia. Allegiant currently carries more than 280,000 annual passengers through Lehigh Valley.

Allegiant, which employs more than 4,300 team members across the U.S., plans to immediately begin hiring pilots, flight attendants, mechanics and ground personnel to support the operations. The majority of the new positions are expected to offer salaries that are more than double the state’s average wage. Interested applicants may apply online.

“The convenience and success of the Lehigh Valley Airport is a critical factor in both the economic and population growth of the Lehigh Valley,” said Don Cunningham, president and CEO of the Lehigh Valley Economic Development Corp. “Allegiant Air selecting the Lehigh Valley to expand its operation and to add a large group of maintenance and flight crew employees is another indicator of the Lehigh Valley’s economic growth and the increased activity at the Lehigh Valley Airport.”

Alaska Airlines Announces New Service Between Paine Field and Spokane

August 15, 2019 / WIL BALDWIN

Nonstop route will connect Eastern Washington and Everett with daily roundtrip flight

SEATTLE, Aug. 14, 2019 /PRNewswire/ — Alaska Airlines announced today it will launch daily nonstop service between Spokane International Airport and Paine Field-Snohomish County Airport in Everett on Nov. 4. Tickets are now on sale, just in time for holiday travel. Spokane becomes the 10^thdestination served by Alaska at the new terminal in Everett.

Spokane will become the 10th destination served from Everett's Paine Field in early November.

“When it comes to flights at Paine Field, our guests have been eager for one city to be added above all others right now – they said make it Spokane,” said David Besse, our manager of network planning. “We believe this route will be very popular, easily connecting family and friends, workers and businesses, between two dynamic regions of the state.”

Effective Date	City Pair	Departs	Arrives	Frequency	Aircraft
Nov. 4, 2019	Everett-Spokane	7:55 p.m.	9:10 p.m.	Daily	E175
Nov. 5, 2019	Spokane-Everett	7:40 a.m.	8:55 a.m.	Daily	E175

“The announcement of scheduled service to Paine Field by Alaska Airlines fulfills one of the most important air service priorities for our region,” said Nancy Vorhees, Chair of the Spokane Airport Board.

Larry Krauter, CEO of Spokane International Airport added, “This new service to Paine Field will directly benefit the aerospace industry sector as it continues to expand in our region and create time-saving efficiencies for our business community overall. We’re thankful to Alaska for its commitment to the Spokane and Coeur d’Alene region!”

Alaska started commercial service at Paine Field on March 4, 2019. In that short time, flying in and out of Everett has become a popular, convenient option for many travelers, especially those who live north of Seattle who don’t want to drive to Sea-Tac Airport. As of late July, nearly 300,000 guests have flown Alaska’s flights at Paine Field.

“This is exciting news,” said Arif Ghouse, Paine Field Airport Director. “One of the questions I’ve been asked the most over the past few months is when service might start to Spokane. There will be considerable interest in the new flight.”

All Alaska flights at Paine Field are operated by Horizon Air with jet service using the Embraer 175 aircraft, which features a three-class cabin. From Paine Field, guests can currently fly to eight destinations: Las Vegas; Los Angeles; Orange County, California; Phoenix; Portland, Oregon; San Diego; San Francisco; and San Jose, California. Alaska recently announced Palm Springs will become its ninth destination from Everett, with tickets already on sale.

Alaska’s guests can connect with its Global Partners at gateway airports on the West Coast – such as Los Angeles and San Francisco – to fly to more than 900 destinations around the globe. Flyers can also earn and redeem miles with the airline’s highly-acclaimed Mileage Plan program.

Avianca Advances Plan to Manage Outstanding Liabilities

July 22, 2019 / WIL BALDWIN

BOGOTA, Colombia, July 22, 2019 /PRNewswire/ — Avianca Holdings S.A. (NYSE: AVH) today announced that, in connection with its previously announced re-profiling plan for its capital structure, the company has temporarily deferred payments on certain long-term leases and on payment of principal on certain loan obligations. Avianca Holdings has engaged in discussions with its main strategic lenders and other creditors to establish terms that will preserve current liquidity levels and enable Avianca Holdings to advance its re-profiling plan, which is aimed at strengthening the company’s financial position. Over the last two weeks, members of Avianca Holdings’ senior management team have met with more than 50 of Avianca Holdings’ strategic lenders and other creditors with the objective of reaching an agreement on the terms and conditions of the proposed deferrals. Importantly, obligations related to Avianca Holdings’ day-to-day operations remain current, and such operations, including flight schedules and other ordinary course operations, will remain unaffected.

Avianca Holdings affirms that it is current on all existing interest obligations and that Avianca Holdings actively seeks to arrive at a mutually satisfactory agreement with its strategic lenders and other creditors for a short-term deferral of principal amortization payments, as well as extensions of its credit facilities. Avianca Holdings intends to resume scheduled principal payments once these agreements have been successfully reached, as Avianca Holdings’ proposal is for all creditors to be paid in full, including principal and interest.

In connection with its re-profiling program, Avianca Holdings today made a separate announcement regarding an exchange offer for its outstanding 8.375% Senior Notes due 2020. Avianca Holdings is current on its interest obligations with respect to its outstanding senior notes and is not otherwise in default on its outstanding 2020 Senior Notes.

Avianca Holdings has the full support in this decision of its Board of Directors. Since May 24, 2019, Kingsland Holdings, through its ownership of ordinary shares of Avianca Holdings and authority to vote the ordinary shares of Avianca Holdings owned by BRW Aviation LLC, has effective control of Avianca Holdings. As previously announced, United Airlines and Kingsland Holdings have indicated that they would be willing to offer new financing to Avianca, if required and requested, of up to $250 million, provided that certain commitments are assumed by other interested parties.

With the announced temporary suspension of principal payments, as well as the previously announced proposed financing by United Airlines and Kingsland Holdings, and the continued implementation of Avianca Holdings’ 2021 transformation plan, Avianca Holdings expects to strengthen its cash balances in the near future, at which time, Avianca Holdings will resume normal payment of its obligations. Furthermore, Avianca Holdings has stated that the outstanding 2019 Colombian Peso-denominated corporate bond issued by Aerovías del Continente Americano – Avianca S.A. is not part of the deferral program and that such bond will be paid in accordance with its terms.

About Avianca Holdings
Avianca is the commercial brand that identifies the passenger, cargo transportation airlines and on ground services integrated in the Company with a team of more than 21,000 employees. The terms “Avianca Holdings” or “the Company” refer to the consolidated entity. The original source-language text of this announcement is the official, authoritative version, Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

China Southern Airlines to receive $4 billion capital injection

July 20, 2019 / WIL BALDWIN

SHANGHAI (Reuters) – China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday.

The Guangdong Hengjian Investment Holding Corporation, the Guangzhou Urban Construction Investment Group and the Shenzhen Penghang Equity Investment Fund will each inject 10 billion yuan into the airline, as part of the country’s efforts to diversify ownership structures among state-owned firms.

The move will significantly improve the company’s debt-to-asset ratio, generate funds for its growth and help modernize its decision-making mechanisms, the announcement said.

It will also use the funds to serve its main air transportation business, pay for construction related to China’s Belt and Road Initiative and support aviation development in cities in the southern province of Guangdong.

China Southern is one of 96 enterprises owned and administered directly by the central government. Its profits slumped nearly 50% last year as a result of rising fuel costs and a weak yuan currency.

(Reporting by David Stanway; Editing by Himani Sarkar)

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