Tag: 2026

Hinterland Aviation picks Cessna Skycourier for fleet expansion

February 19, 2024 / WIL BALDWIN

Wichita, Kansas, January 19, 2024, Business Wire – Textron Aviation (NYSE: TXT) today announced a purchase agreement for the first Cessna SkyCourier passenger variant in Australia to regional airline Hinterland Aviation. The aircraft, expected to deliver in 2026, will add to Hinterland’s expansive fleet of Cessna Grand Caravans to provide a greater payload capacity and increased passenger seating. This fleet expansion will greatly benefit remote communities, as well as the tourism and business sectors in Queensland.

The Cessna SkyCourier is meticulously designed to deliver unparalleled performance, unwavering reliability and cost-effective maintenance. With the ability to be operated by a single pilot and a generous payload capacity, the SkyCourier is the ultimate solution for air freight, passenger and special mission needs. The aircraft is highly adaptable and can effortlessly adjust configurations to effectively complete any mission, ensuring a significant return on investment.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. 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.

Alpha Trains adds 12 new Stadler EURO9000 locomotives to fleet

October 28, 2023 / WIL BALDWIN

Alpha Trains and Stadler Rail AG (Swiss: SRAIL) have signed a contract for the purchase of 12 EURO9000 locomotives. This is the first order of this latest generation of six-axle hybrid multi-system locomotives by Alpha Trains. Scheduled for delivery in 2025 and 2026, these state-of-the-art locomotives will be built at Stadler’s factory in Valencia, Spain.

The project is funded with a total of 15 million Euros by the German Federal Ministry for Digital and Transport (BMDV) as part of the BMDV’s rail funding guideline. The funding guideline is coordinated by NOW GmbH and implemented by Project Management Jülich (PtJ).

The multisystem electric EURO9000 locomotives are also equipped with diesel power units. They enable rail freight operations on AC and DC electrified lines and on non-electrified track sections, even on international routes with mixed traffic. With their advanced traction capabilities and their high-performance, they are ideal for a wide range of freight services and perfectly complement Alpha Trains’ large and diverse portfolio. By investing in efficient and innovative alternative propulsion vehicles, Alpha Trains is helping to reduce diesel consumption and thus improves the sustainability of rail freight.

Airbus renews transatlantic fleet with lower emission ships

October 25, 2023 / WIL BALDWIN

Toulouse, France, October 25, 2023 – Airbus Group SE (Paris: AIR) will renew the entire fleet of chartered vessels that transport aircraft subassemblies between production facilities in Europe and the United States with three modern, low-emission roll-on/roll-off vessels, supported by wind-assisted propulsion.

Airbus has commissioned shipowner Louis Dreyfus Armateurs to build, own and operate these new, highly efficient vessels that will enter into service from 2026. The new vessels will be powered by a combination of six Flettner rotors – large, rotating cylinders that generate lift thanks to the wind, propelling the ship forward – and two dual-fuel engines running on maritime diesel oil and e-methanol. Additionally, routing software will optimise the vessels’ journey across the Atlantic, maximising wind propulsion and avoiding drag caused by adverse ocean conditions.

The new fleet is expected to reduce average annual transatlantic CO₂ emissions from 68,000 to 33,000 tonnes by 2030. This will contribute to Airbus’ commitment to reduce its overall industrial emissions by up to 63% by the end of the decade – compared to 2015 as baseline year.

Airbus opens new A321XLR equipment installation hangar

August 31, 2023 / WIL BALDWIN

Hamburg, Germany, August 30, 2023 – Airbus (OTC: EADSY) is advancing its industrial system and expanding ramp-up capacity with a new automated A321XLR equipping hangar, officially opened today by Hamburg’s First Mayor Peter Tschentscher and German Aerospace Coordinator Anna Christmann. With this, Airbus continues its modernisation and digitalisation of its industrial system and expands its capacity for the rate ramp-up in the A320 programme to 75 in 2026.

Hamburg, 30 August 2023 – Airbus is advancing its industrial system and expanding ramp-up capacity with a new automated A321XLR equipping hangar, officially opened today by Hamburg’s First Mayor Peter Tschentscher and German Aerospace Coordinator Anna Christmann. With this, Airbus continues its modernisation and digitalisation of its industrial system and expands its capacity for the rate ramp-up in the A320 programme to 75 in 2026.

“Airbus’ Hamburg site plays a significant role in the development and production of the A321XLR. With our new, state-of-the-art equipment installation hangar, we are now expanding our capacity to manufacture A321 fuselages and making an important contribution to supporting our ramp up. At the same time we are reaffirming the importance of Hamburg for Airbus,” said André Walter, Head of Airbus Commercial Aircraft Production in Germany. “The design of the building reflects the latest standards in production and sustainability.”

Dr Peter Tschentscher, First Mayor of the Free and Hanseatic City of Hamburg: “Hamburg is the central location for Airbus’ single-aisle development and production. With the A321XLR, the new flagship of the A320 Family will be assembled at the Finkenwerder site, setting new standards in terms of sustainability, efficiency and range. The start of production in the new equipment installation hangar is an important project for Hamburg as the world’s third largest civil aviation center.”

“This investment in the A321XLR equipment installation hangar at the Airbus Hamburg site is an important milestone towards transitioning aviation to climate neutrality. This transformation is the key to making Germany a future-oriented and competitive aerospace location,” said Anna Christmann, the Federal Government Coordinator of German Aerospace Policy. “I am delighted that Airbus is positioning itself as a trailblazer in sustainable aviation and that we are pulling together to accelerate progress toward climate-neutral aviation even further.”

In the new equipment installation hangar, with 9,600 m² of production space, designated H259, all the components of the rear fuselages of the A321XLR aircraft – also built in Hamburg – will be installed and mounted. The hangar is equipped with a full range of state-of-the-art technologies for operations and manufacturing, such as automated logistics, fully digital systems, and test stations that can output the status of each fuselage section (both in terms of logistics and resources) at any time. The almost 24-metre-long fuselage sections are equipped with all electrical and mechanical systems, as well as other elements such as windows, floor panels or external antennas, on an automated ‘pulse line’ consisting of eight stations. Each fuselage section is extensively tested directly after the installation of the systems. The fuselage sections are then transferred to the final assembly line in Hamburg.

The stations in the new hangar were planned in close consultation with the employees to create both an efficient production flow and an ergonomically optimised and modern working environment. In addition, the interior design also focused on ensuring optimal conditions for cooperation between the employees in production and the supporting functions.

The structure was planned and built sustainably. A 3,000 m² photovoltaic system on the roof supplies the hangar with electricity, and surpluses are used to power the site. The office block on the south side offers an excellent level of insulation thanks to extensive insulation of the ceiling and walls. A fully automatic control system for heating, ventilation and lighting complements the measures.

Amtrak Airo Trainsets Ordered to Meet Surging Demand

August 22, 2023 / WIL BALDWIN

Washington, D.C. – Amtrak executed a contract option to order 10 additional Amtrak Airo trainsets as demand for passenger rail travel exceeds expectations. This brings the total contract order to 83 trainsets. The first Amtrak Airo trainset is scheduled to debut in 2026 and these new trains will operate on routes throughout the country. The Amtrak Airo trainsets are being manufactured in California by Siemens (OTC: SIEGY) A.G. of Germany.

Currently in production, the new trains will elevate the customer journey. Features include:

💺 Spacious, Comfortable Seats: Loaded with features and improvements:
- Dedicated power, USB-C ports, seatback tablet and phone holders, bigger and sturdier tray tables and adjustable cup holders.
- Contoured seat cushions, enhanced leg room, individual arm rests and adjustable headrests – all with a focus on ergonomics.
🗺 Trip and Train Navigation: Bolder, color-coded signage to identify amenities and differentiate classes of service, both on board and on the platform.
🌍 Greener Impact:
- More fuel efficient, producing 90% less particulate emissions in diesel operations.
- Dedicated water stations on each trainset, providing chilled and filtered hydration, while reducing the need for disposable plastic bottles.
🤳 Modern Tech: New 5G Wi-Fi and digital information systems.
♿ Enhanced Accessibility:
- Spacious and accessible restrooms, vestibules and Café cars with integrated boarding equipment for customers with reduced mobility.
- Inductive hearing technology to assist with onboard announcements.
🍽 Café Car: Contemporary food service allows for a grab-and-go experience.
🚽 Restrooms: Touchless with spacious, accessible interiors.
💻 Business Class: Increased space between customers, offering double and single seats, wider arm rests, additional outlets, footrests and improved ambiance.
💡 Lighting: Enhanced lighting provides a softer yet functional interior with individual reading lights at each seat.
🧳 Luggage: Access to ample storage space for baggage.

Click the link below to watch the video!

Alstom to supply 60 single level coach cars to the Connecticut Department of Transportation

August 10, 2023 / WIL BALDWIN

August 9, 2023 – Alstom (OTC: ALSMY)and the Connecticut Department of Transportation (CTDOT) confirmed an order for 60 single-level rail coach cars valued at approximately €285 million (approximately USD $315 million) with options to build an additional 313 cars, as part of CTDOT’s coach renewal program for its statewide rail system. Delivery is scheduled to begin in 2026.

The agreement calls for the delivery of fully customised, sustainable, next-generation commuter rail cars specifically designed for North America, providing riders with safe, comfortable, 125 mph commuter rail service. The new vehicles will all be compliant with the Americans with Disabilities Act (ADA), Federal Railroad Administration (FRA) and American Public Transportation Association (APTA) requirements.

The vehicles will have a convenient two-by-two seating configuration with foldable tables and easy access for wheelchair passengers. The new cars will also provide an enhanced passenger experience with convenient overhead luggage racks, workstation tables and a bicycle storage area, safe and reliable wi-fi access, real time information on upcoming stops, conveniently located power and USB access, and the most current cybersecurity safety features. In addition, passengers will enjoy panoramic balcony-style windows at wheeled mobility spaces, allowing for the flow of natural sunlight through the car’s interior, giving riders great views.

Heart Aerospace Selects Garmin G3000 Flight Deck for First All-Electric Airliner

December 14, 2021 / WIL BALDWIN

OLATHE, Kansas/Business Wire – Garmin^® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), has announced a long-term agreement with Heart Aerospace to provide the state-of-the-art Garmin G3000^®integrated flight deck for the ES-19 electric airliner. Heart Aerospace is working to develop the new ES-19, a 19-seat electric airliner that has the potential to provide the regional air transport market with a more sustainable and environmentally friendly aircraft option as early as 2026. Additionally, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft once the aircraft meets United’s safety, business and operating requirements.

The modular Garmin G3000 integrated flight deck boasts lightweight and vibrant high-resolution flight displays that support navigation, communication and flight sensor solutions and integrates seamlessly into the ES-19 aircraft systems. Specifically tailored to meet the needs of electric aircraft, the G3000 system that will be featured in Heart Aerospace’s ES-19 delivers enhanced capabilities to optimize the aircraft’s electric drive train and battery management systems. The G3000 is architected to provide the ability to efficiently facilitate future system upgrades as the electric aircraft industry continues to evolve.

Heart Aerospace is an electric airplane company headquartered in Gothenburg, Sweden, developing the ES-19, a nineteen-passenger regional aircraft driven entirely by batteries and electric motors. The first ES-19 is scheduled to enter into service by 2026. The first-generation aircraft will have a maximum range of up to 250 miles using lithium-ion batteries. The ES-19 will have zero operational emissions and offer significantly lower operating costs compared to similar sized gas-turbine aircraft. The ES-19 aircraft will also be quieter than its turboprop counterparts, with less vibration and noise, making it ideal for the development of short-range regional air travel.

Spirit Airlines Announces Offering of Convertible Senior Notes Due 2026

April 27, 2021 / WIL BALDWIN

MIRAMAR, Fla., April 27, 2021 /PRNewswire/ — Spirit Airlines, Inc. (NYSE: SAVE) (“Spirit”) today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the “Convertible Notes” and such offering, the “Convertible Notes Offering”). Spirit intends to grant the underwriters of the Convertible Notes Offering a 30-day option to purchase up to $60,000,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.

Spirit is also separately conducting a registered direct offering of shares of its common stock (the “Common Stock Offering”) to certain holders of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”).

Spirit expects to use a portion of the net proceeds from the Convertible Notes Offering to repurchase a portion of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”) for cash pursuant to privately negotiated agreements with a limited number of current holders of such 2025 Convertible Notes, which agreements are conditioned upon the consummation of the Convertible Notes Offering. Spirit expects to use any remaining net proceeds from the Convertible Notes Offering for general corporate purposes. Spirit expects to use the net proceeds from the Common Stock Offering to redeem up to 40% of the original outstanding principal amount, or up to $340 million, of its 8.00% Senior Secured Notes due 2025 at a redemption price equal to 108.0%, plus accrued and unpaid interest on the principal amount being redeemed up to, but excluding, the redemption date.

The closing of neither the Common Stock Offering nor the Convertible Notes Offering is conditioned upon the closing of the other offering.

Click the link below to view the full press release!

https://ir.spirit.com/news-releases/news-details/2021/Spirit-Airlines-Announces-Offering-of-Convertible-Senior-Notes-Due-2026/default.aspx

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