Tag: operating (Page 9 of 11)

Canadian Pacific to Acquire Central Maine & Quebec Railway from Fortress Transportation and Infrastructure Investors LLC

November 20, 2019 / WIL BALDWIN

CALGARY and NEW YORK, Nov. 20, 2019 /PRNewswire/ – Canadian Pacific (CP) and Fortress Transportation and Infrastructure Investors LLC (FTAI) announced they have entered into a definitive agreement whereby CP will acquire the Central Maine & Quebec Railway (“CMQ”).

CMQ owns 481 miles (774 kilometres) of rail lines primarily in Quebec and Maine. The end-to-end transaction will provide CP customers with seamless, safe and efficient access to ports at Searsport, Maine and to Saint John, New Brunswick, via Eastern Maine Railway Company (EMRY) and New Brunswick Southern Railway (NBSR), thereby preserving and enhancing competition.

“This strategic acquisition gives CP a true coast-to-coast network across Canada and an increased presence in the eastern U.S.,” said CP President and CEO Keith Creel. “With additional port access, more dots on the map, and our proven precision scheduled railroading operating model we are confident this transaction will bring benefits to all stakeholders moving forward.”

As part of the transaction, FTAI will retain ownership of Katahdin Railcar Services (KRS), a tank car cleaning and repair facility, and the contract to operate at a 12-mile branch line at FTAI’s Long Ridge Energy Terminal in Monroe County, Ohio. FTAI intends to continue to develop and grow both the KRS and Long Ridge branch line businesses.

“We are excited about this transaction as it brings value to our shareholders, while ensuring that the CMQ continues to provide safe and reliable rail transportation options,” said Joe Adams, FTAI CEO.

CP invests in its people and its assets to ensure it can provide service safely and efficiently. CP has been the safest railway in North America for 13 consecutive years, as measured by train accident frequency and meets all regulatory requirements.

The transaction is currently expected to close at the end of 2019 and remains subject to customary closing conditions. Over the coming weeks, CP, FTAI and other stakeholders will move towards closing.

Emirates Airlines Orders 50 A350XWB at Dubai Airshow 2019

November 18, 2019 / WIL BALDWIN

Airbus and Emirates Airline have signed a purchase agreement for 50 A350-900s – Airbus’ newest generation widebody aircraft.

The order was signed at Dubai Airshow 2019 by His Highness Sheikh Ahmed bin Saeed Al Maktoum and Guillaume Faury, Airbus Chief Executive Officer.

HH Sheikh Ahmed said: “Today, we are pleased to sign a firm order for 50 A350 XWB’s, powered by Rolls-Royce Trent XWB engines. This follows a thorough review of various aircraft options and of our own fleet plans. It is Emirates’ long-standing strategy to invest in modern and efficient aircraft, and we are confident in the performance of the A350 XWB.

“Complementing our A380’s and 777’s, the A350’s will give us added operational flexibility in terms of capacity, range and deployment. In effect, we are strengthening our business model to provide efficient and comfortable air transport services to, and through, our Dubai hub.”

Sheikh Ahmed added: “This deal reflects our confidence in the future of the UAE’s aviation sector, and is a strong affirmation of Dubai’s strategy to be a global nexus connected to cities, communities and economies via a world-class and modern aviation sector.”

“We are honoured by Emirates’ strong vote of confidence in our newest widebody aircraft, taking our partnership to the next level. The A350 will bring unbeatable economics and environmental benefits to their fleet,” said Guillaume Faury, Airbus Chief Executive Officer. “We look forward to seeing the A350 flying in Emirates colours!”

The A350 XWB offers by design unrivalled operational flexibility and efficiency for all market segments – up to ultra-long haul (17,900km). Its Airspace by Airbus cabin is the quietest of any twin-aisle aircraft and offers passengers and crews the most modern in-flight flying experience. The aircraft features the latest aerodynamic design, a carbon fibre fuselage and wings, plus new fuel-efficient Rolls-Royce Trent XWB engines. Together, these latest technologies result in 25% lower operating costs, as well as 25% reduction in fuel burn and CO2 emissions compared with previous-generation competing aircraft – demonstrating Airbus’ commitment to minimise its environmental impact while remaining at the cutting edge of air travel.

EgyptAir Adds More Boeing 787s to Fleet as Dreamliners Deliver 23% Fuel Boost

November 18, 2019 / WIL BALDWIN

Egyptian flag carrier to lease two more 787-9 jets from leading lessor AerCap
Airline joins other operators in growing their Dreamliner fleet after achieving eye-opening fuel efficiency improvement

EGYPTAIR is growing its Boeing 787 Dreamliner fleet with an agreement to lease two more airplanes from AerCap, the airline announced today at the Dubai Airshow. The Egyptian flag carrier unveiled it had selected the super-efficient airplane to modernize its fleet during the last Dubai Airshow in 2017.

The carrier began operating the 787-9 this year, deploying the Dreamliner on new direct flights from its hub in Cairo to Washington, D.C., and other cities. EGYPTAIR says the 787s have delivered on the Dreamliner’s promise of unmatched efficiency, providing a 23-percent reduction in fuel consumption compared to the airplanes they replaced.

“The Boeing 787 Dreamliner has outperformed our expectations, helping us significantly reduce our fuel use and emissions, while bringing comfort to our passengers,” said Ahmed Adel, chairman and CEO of EGYPTAIR Holding Company. “We look forward to growing our network with additional 787-9 airplanes and flying more passengers to their destinations at an affordable cost.”

To maintain its fleet of 787’s, the carrier also announced agreements with Boeing this week that would provide EGYPTAIR with global access to critical aircraft components, including a Landing Gear Exchange and Quick Engine Change kit solutions.

EGYPTAIR joins other 787 operators in expanding its commitment to the Dreamliner program after experiencing the airplane in revenue service. More than half of all 787 customers have placed repeat orders for the airplane, helping the Dreamliner become the fastest-selling widebody airplane in history. The biggest 787 customer is Dublin-based AerCap with 117 airplanes owned and on order. AerCap will lease a total of eight 787’s to EGYPTAIR.

Speaking at the Dubai Airshow, AerCap CEO Aengus Kelly said, “AerCap is very proud to continue to support EGYPTAIR’s widebody fleet renewal program and sustainable growth ambitions. We thank our friends and partners at EGYPTAIR for their continued confidence in AerCap and we look forward to working with the EGYPTAIR and Boeing teams as these aircraft deliver.”

“EGYPTAIR has shown a strong commitment to growing its business in a sustainable and profitable manner and we are thrilled that the 787 Dreamliner is helping the airline realize their vision. There is no better endorsement of the 787’s efficiency, range and passenger comfort than an operator returning for more aircraft,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing, The Boeing Company. “Of course, this would not be possible without AerCap and its market-leading portfolio that gives carriers great flexibility in operating an optimized fleet.”

At 63 meters (206 feet) long, the 787-9 can fly 296 passengers, in a typical two-class configuration, up to 7,530 nautical miles (13,950 kilometers). The airplane is 6 meters longer than the original Dreamliner and is capable of carrying 48 more passengers with increased range. The 787 Dreamliner family has won more than 1450 orders from over 80 customers on six continents.

KLM Firms Up Order for E195-E2 Jets, Adds Six Further Aircraft

November 12, 2019 / WIL BALDWIN

AMSTERDAM, Netherlands, Nov. 12, 2019 /PRNewswire/ — Embraer and KLM Cityhopper have signed a firm order for 21 E195-E2 aircraft, plus 14 purchase rights. The 21 firm positions will be acquired via operating lease from Embraer lessor partners Aircastle and ICBC Aviation Leasing. The order was previously announced as a Letter of Intent for 15 firm orders with 20 purchase rights at the Paris Air Show earlier this year. With all purchase rights exercised the deal would have a value of USD 2.48 billion.

The aircraft for this order will come from the existing backlogs of lessors Aircastle and ICBC Aviation Leasing; each providing KLM with 11 and 10 E195-E2s, respectively.

“KLM’s decision to add a further six aircraft to this order is a significant vote of confidence in our E2 programme”, said John Slattery, President and CEO, Embraer Commercial Aviation. “Delivering 30% lower emissions when compared to KLM’s current E190s, yet still providing a further 32 seats, the E195-E2 will simultaneously increase capacity for KLM at slot constrained Schiphol Airport, while also delivering huge reductions in emissions.”

KLM President & CEO Pieter Elbers, said, “For KLM this aircraft is a significant part of our commitment to improving our environmental impact. Not only is the E195-E2 the most fuel efficient lowest emission aircraft in its class, it is also the quietest by a considerable margin – a huge benefit for both our communities and our passengers.

KLM will configure the aircraft with 132 seats. Deliveries will begin in the first quarter of 2021.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers across the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 80 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline network carriers.

Bane NOR and Siemens Mobility Celebrate Milestone in Digitalization of Norway’s Rail Network

November 2, 2019 / WIL BALDWIN

Campus Nyland test, training and signaling simulation center opens
European Rail Traffic Management System (ERTMS) latest in intelligent infrastructure
Nordlandsbanen will open first digital signaling railway in October 2022

Bane NOR and Siemens Mobility celebrated the opening of Campus Nyland, a test, training and signaling simulation center which will help the rail network operator prepare for the digitalization of the entire system. Norway has committed to becoming the first country to operate with a single digital interlocking and ERTMS signifies one of the country’s largest digitalization projects. In 2022, the first digital line, Nordlandsbanen, will open. In advance, the Campus Nyland center will prepare workers for working within the digital system, ERTMS. The intelligent infrastructure behind ERTMS will reduce operating costs and increase capacity throughout the network. In addition, it will enhance safety, with real-time visibility of trains across the network. When complete in 2034, the system will include 4,200 km of track and more than 350 stations.

“Siemens Mobility is the main supplier to the Norwegian ERTMS program with their infrastructure, including interlockings and radio block centres (RBC). The Siemens Mobility solution is leading edge based upon an IP based architecture. With a strong technical roadmap and a proven ability to deliver, Siemens Mobility is the ideal partner for Bane NOR in this challenging program. We are thrilled to work together with Siemens Mobility to develop the digital rail,” said Sverre Kjenne, Executive Vice President Digitalisation and Technology, Bane NOR.

“Norway is on track to become the first country to operate in the “one country, one interlocking” architecture making it at the forefront of digitalization. Our intelligent infrastructure will ensure that the system operates efficiently. The digital interlocking, with IP controlled field components, and ERTMS are the backbone to greatly improving operations and maintenance. This architecture also opens the door for future developments such as implementing driverless technologies, moving the interlocking to the cloud, which would make proprietary hardware and spare parts a relic of the past, and would make data instantaneously available to transportation operators,” stated Michael Peter, Siemens Mobility CEO. “Campus Nyland is an important milestone in turning this vision into reality.”

Campus Nyland will be an industry center for digital education and will house more than 5,000 employees, who will learn the necessary digital skills needed to ensure ERTMS is successful when it goes operational. These will include individuals from Bane NOR, train companies, maintenance companies and contractors. Bane NOR will facilitate simulator training as well as physical training facilities. New technology, such as virtual reality, will be used to communicate how the tracks are built with ERTMS, as well as the design of trains and traffic control centers. More than 150 different scenarios are available for training within the highly digital training hub.

In the spring of 2020, the Roa – Hønefoss ERTMS test line opens. The new signaling technology will be monitored and tested from Campus Nyland.

The next important milestone in turning ERTMS into a reality will be the digitalization of the first Norwegian rail line. In October 2022, Nordlandsbanen, which operates from Grong to Bodø, and represents about 12 percent of the Norwegian railway will go operational.

Embraer Welcomes Amaszonas to the E-Jets Family

October 20, 2019 / WIL BALDWIN

São José dos Campos, Brazil, October 15, 2019 – Amaszonas Línea Aérea of Bolivia is the newest Embraer E-Jet operator. The airline started flying an E190 today between Santa Cruz de la Sierra’s Viru Viru Airport and La Paz. Amaszonas is adding a total of six E190s to its fleet. The airplanes will fly to several domestic and international destinations.

“We have been working with Amaszonas for a long-time. To see the E190 flying in the airline’s colors is really rewarding for Embraer,” said Reinaldo Krugner, Vice President, Latin America & Caribbean, Embraer Commercial Aviation. “The E190 is the ideal aircraft to support the airline’s growing capacity in a very disciplined way. Amaszonas is taking advantage of the E190’s low operating cost.”

The first two E190s are leased from GECAS and configured with 112 seats in a single class layout. The other four aircraft will be leased from CDB Leasing and have 110 seats in a single class layout. The airline will also operate the E190s at Montevideo’s Carrasco International Airport in the future.

“The range of the E190 allows us to replace our smaller regional jets and support our expansion plans in Bolivia and Uruguay,” Sergio de Urioste, President & CEO of Amaszonas Línea Aérea. “Our E-Jets give us the flexibility we need to add more frequencies and destinations. We know our passengers are going to love the comfort of the E190 cabin.”

Embraer and Amaszonas have also signed a Flight Hour Pool Program agreement until 2024 to provide repairable component support for the carrier’s fleet of up to six E190s. The multiyear program features both the Pool Program and repair management services for the carrier’s fleet of E-Jets, including material services engineering and advanced component exchanges from Embraer’s spare parts distribution center in Fort Lauderdale, Florida.

Boeing Delivers First 787-10 for Saudi Arabian Airlines

September 30, 2019 / WIL BALDWIN

NORTH CHARLESTON, SOUTH CAROLINA, Sept 30, 2019 – Boeing [NYSE:BA] delivered to Saudi Arabian Airlines (SAUDIA) its first 787-10 Dreamliner, which will play a key role in the airline’s fleet and network expansion. The largest member of the Dreamliner family sets the benchmark for fuel efficiency and operating economics and will complement SAUDIA’s fleet of 787-9.

“SAUDIA operates a state-of-the-art fleet equipped with the latest technology, and in addition to the airline’s existing Boeing 787-9 Dreamliners, is now adding the 787-10 variant which will further support future network growth plans,” said His Excellency Eng. Saleh bin Nasser Al-Jasser, Director General, SAUDIA. “The airplane’s onboard cabin features, long range capability and the latest in technological advancements are among the many aspects of what makes the Boeing 787 highly popular with our guests.”

In addition to the 787-10, SAUDIA operates 13 787-9 Dreamliner airplanes, and 33 777-300ER (Extended Range) jets.

“SAUDIA has been a valued partner with Boeing for nearly 75 years and this delivery marks another major milestone in our partnership. Our team takes great pride in building and delivering quality aircraft to SAUDIA and we are honored by the continuing confidence in the 787 Dreamliner and 777 families,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company. “The addition of the 787-10 to SAUDIA’s fleet will continue the superior inflight experience that passengers have come to expect of the Dreamliner. Moreover, the unmatched fuel efficiency of the 787 will help SAUDIA open new routes and achieve significant fuel savings and emission reduction.”

With the delivery to SAUDIA, the 787-10 continues to expand its global presence. More than 30 of this Dreamliner model have been delivered to seven operators since the airplane entered commercial service last year. As a stretch of the 787-9, the 787-10 adds about 40 more seats in a 2-class configuration and cargo capacity, offering 25 percent better fuel per seat and fewer emissions than the airplanes it replaces. With a range 6,345 nautical miles (11,750 kms), the 787-10 can fly more than 95 percent of the world’s twin-aisle routes.

Since entering service in 2011, the 787 family has enabled the opening of more than 235 new point-to-point routes and saved more than 40 billion pounds of fuel. Designed with the passenger in mind, the 787 family delivers an unparalleled experience with the largest windows of any commercial jet, large overhead bins with room for everyone’s bag, comfortable cabin air that is cleaner and more humid, and includes soothing LED lighting.

To optimize the performance of its 787 fleet, SAUDIA uses Boeing Global Services digital solutions powered by Boeing AnalytX such as Airplane Health Management (AHM), Maintenance Performance Toolbox and Crew Rostering and Pairing to optimize performance, manage global crew schedules and maintain their fleet. Boeing AnalytX is a suite of software and consulting services that transform raw data into efficiency, resource and cost savings in every phase of flight.

Boeing [NYSE:BA] delivered to Saudi Arabian Airlines (SAUDIA) its first 787-10 Dreamliner, which will play a key role in the airline’s fleet and network expansion.

Boeing & KLM Announce Order for Two 777 Jets

September 3, 2019 / WIL BALDWIN

New purchase will grow KLM’s 777 fleet to over 30 airplanes, increasing network flexibilityAdditional 777 jets to complement carrier’s growing 787 Dreamliner fleet

AMSTERDAM, Sept. 2, 2019 /PRNewswire/ — Boeing [NYSE: BA] and KLM Royal Dutch Airlines (AFLYY) today announced that the carrier has ordered two more 777-300ER (Extended Range) airplanes as it continues to operate one of Europe’s most modern and efficient fleet.

The order, valued at $751 million at current list prices, was previously attributed to an unidentified customer on Boeing’s Orders & Deliveries website.

“KLM is one of the world’s leading network carriers and an aviation pioneer and we are delighted the airline has once again selected the Boeing 777-300ER to strengthen its long-haul fleet for the future,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. “KLM’s continuing interest in the 777-300ERs shows the enduring appeal and value of the 777, thanks to its outstanding operating economics, superior performance and popularity among passengers.”

The 777-300ER can seat up to 396 passengers in a two-class configuration and has a maximum range of 7,370 nautical miles (13,650 km). The airplane is the world’s most reliable twin aisle with a schedule reliability of 99.5 percent.

Operating out of its home base in Amsterdam, the KLM Group serves a global network of 92 European cities and 70 intercontinental destinations with a fleet of 209 aircraft. The carrier operates 29 777s, including 14 777-300ERs. It also flies 747s and the 787 Dreamliner family.

KLM, the world’s oldest airline still operating under its original name, is celebrating its centenary this year. In 2004 it merged with Air France to create Europe’s largest airline group. The Air France-KLM Group is also one of the largest operators of the 777 family with nearly 100 between the combined fleets.

Bell 505 Jet Ranger X Fleet Surpasses 20,000 Flight Hours

August 30, 2019 / WIL BALDWIN

Fort Worth, TX (28 August 2019) – Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced the Bell 505 Jet Ranger X has surpassed more than 20,000 flight hours. Bell has delivered 200 aircraft to customers operating the aircraft spanning six continents.

Since the first delivery in 2017, the global fleet has logged more than 20,000 hours, marking one of Bell’s fastest growing accumulation of flight hours of any current commercial platform.

“Our Bell 505 operators rely on the aircraft to perform from the beginning of each day to when their mission is complete,” said LaShan Bonaparte, program director, Bell 505 and Bell 429. “Logging more than 20,000 flight hours is very impressive for an aircraft in service less than three years. This achievement is a testament to the Bell 505’s performance and our customer’s confidence in the aircraft.”

With a speed of 125 knots (232 km/h) and useful load of 1,500 pounds (680 kg), the Bell 505 is Bell’s new five-seat aircraft designed for safety, efficiency and reliability using advanced avionics technology. It incorporates proven dynamic components, advanced aerodynamic design, a dual channel FADEC Turbomeca Arrius 2R engine and best-in-class value.

For more information, visit the Bell website.

L.J. Aviation Grows Fleet with Addition of Two Bombardier Challenger 350 Business Jets

August 25, 2019 / WIL BALDWIN

Two new Challenger 350 business jets recently added to L.J. Aviation’s existing fleet of more than 40 aircraft under management
The Challenger 300 aircraft series continues to outperform the competition as the fastest business jet in history to reach 300 deliveries in the medium and large categories and as the best-equipped aircraft in its class
With the widest and quietest cabin, smoothest ride and lowest operating costs in its category, the Challenger 350 aircraft delivers an unrivalled experience

Bombardier is pleased to announce that L.J. Aviation, a world-class aircraft flight management and charter aircraft company, has expanded its fleet with its latest addition of two industry-leading Challenger 350 aircraft. The high-performing Challenger 350 business jets join the company’s existing fleet of 40 aircraft and are available for charter in the Mid-Atlantic States.

“We are thrilled to receive our Challenger 350 aircraft,” said Ed Kilkeary Jr., President, L.J. Aviation. “It delivers everything we want in a business jet: outstanding performance, a comfortable and productive environment, and advantageous operating costs. The Challenger 350 aircraft is a sound investment that will make the most of our passengers’ time.”

Extending its offering with two new industry-leading Challenger 350 business jets, L.J. Aviation currently manages and operates five Challenger 300 series business jets, one Challenger 604 aircraft and a Global 5000 aircraft.

In the last decade, the Challenger 300 aircraft series has accounted for more deliveries than any other business jet platform in the industry. The Challenger 350 aircraft builds upon this remarkable legacy of leadership and continues to take centre stage in the super mid-size segment.

“We are proud of our long-standing relationship with L.J. Aviation, and we are extremely pleased that they have added two Challenger 350 aircraft to their fleet,” said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. “This business jet is world-renowned as the leader in the super mid-size segment, and with good reason. A stunning cabin, smooth ride and exceptional value proposition all make the Challenger 350 aircraft an ideal choice for customers.”

With a true full seats, full fuel, 3,200 nautical mile range, the Challenger 350 aircraft is an efficient and reliable business tool with proven performance. Delivering comfort without compromise, the Challenger 350 jet was recently recognized by Robb Report Magazine as the Best of the Best super mid-size aircraft for the second consecutive year.

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