Tag: activities (Page 1 of 2)

Mitsubishi Heavy Industries Achieves Significant First Quarter Increase in Orders and Profit

August 6, 2023 / WIL BALDWIN

Tokyo, Japan – Mitsubishi Heavy Industries (OTC: MHVYF) announced that order intake rose 75.1% year over year to 1.6 billion Yen in the quarter ended June 30, 2023. Revenue rose 12.9%, resulting in profit from business activities (business profit) of 51.9 billion Yen, a 248.1% increase from the previous fiscal year, which represents a profit margin of 5.3%. Profit attributable to owners of parent (net income) was 53.1 billion Yen, an increase of 177.1% year-over-year, with a profit margin of 5.4%. EBITDA was 85.1 billion Yen, an 80.3% increase from Q1 FY2022, with an EBITDA margin of 8.7%, up 3.3 percentage points year-over-year.

Large orders growth in Energy Systems was driven by Gas Turbine Combined Cycle (GTCC), which continues to see strong demand for both new builds and after-sales services. Business profit in the segment increased by 27.0 billion Yen due to a reduction in one-time charges in the Thermal Power businesses as well as revenue growth and improved project margins.

In Plants & Infrastructure Systems, revenue increased by 33.8 billion Yen due to contributions from Metals Machinery and Engineering, while business profit improved by 5.0 billion resulting from increased revenue in Metals Machinery as well as positive developments in Engineering and Machinery Systems’ project mix.

In Logistics, Thermal & Drive Systems, successful passthrough of cost inflation to sales prices mainly in Logistics Systems and Heating, Ventilation & Air Conditioning (HVAC) led to 14.3% increases in order intake and revenue, respectively. Cost passthroughs in these businesses also helped to raise the segment’s business profit by 15.3 billion Yen.

Most notable this quarter is the striking growth in Aircraft, Defense & Space order intake, specifically in Defense & Space, which saw orders rise by 584.1 billion Yen. This is due to large orders for missile defense systems from Japan’s Ministry of Defense as the country seeks to improve its capabilities in this area.

Japan Airlines and Kammui announce Strategic Alliance for Adventure Tourism Market

July 15, 2023 / WIL BALDWIN

As compared to more conventional forms of travel, AT has greater per capita consumption and
economic impact for regional development, and is becoming increasingly popular in Europe, the U.S.,
and elsewhere, globally. AT is especially popular amongst wealthy individuals who value the
importance of contributing to the local communities through travel. While demand for AT in Japan has
been growing in line with increases in inbound travel, there remains a shortage of skilled guides and
appropriate infrastructure conducive to welcoming international visitors.

Kammui and Japan Airlines (OTC: JAPSY) has entered a strategic alliance involving various initiatives to enhance AT in Japan
with the goal of developing the market for premium tourism, with a focus on inbound travelers. Kammui
and JAL will leverage their respective strengths to create premium content encouraging travelers to
reconnect to nature in innovative ways and inspire more people to experiences Japan’s nature.

In cooperation with the Japan Adventure Tourism Association (JATO), where JAL belongs as one
of the regular members, and the Adventure Travel Trade Association (ATTA), the largest industry
organization in the AT field, JAL and Kammui will work together to develop human resources
capable of promoting AT, with the goal of promoting world-class AT in Japan. The partnership will
focus on developing individuals with the ability to act as leaders in their respective regions and
build and promote networks in each region to enhance AT within Japan.

JAL will start offering Kammui experiences through JAL Dynamic Package, a travel product allowing
customers to combine airline tickets, accommodation, activities, transportation, and other travel
products. JAL will start by offering 8 AT experiences from within Kammui’s selection of more than
300 unique experiences covering a wide variety of regions of Japan. Kammui and JAL are aiming to
offer new value for travelers to Japan allowing them to enjoy authentic once-in-a-lifetime experiences
combining nature and culture.

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

Air Force Awards Boeing 5-year Contract for Continued Aircraft Guidance and Navigation Repair

February 9, 2022 / WIL BALDWIN

HEATH, Ohio, Feb. 8, 2021 — Boeing (NYSE: BA) will continue to provide the U.S. Air Force with guidance and navigation repair work on a variety of aircraft under a 5-year, $91 million sole-source contract.

The company has serviced components for aircraft including the B-2 Spirit, B-52 Stratofortress, E-3 Sentry and F-15 Eagle at the Boeing Guidance Repair Center in Heath, Ohio, since 1996.

The Boeing Guidance Repair Center is responsible for maintaining the readiness and modernization of guidance and navigation systems for U.S. nuclear-capable platforms, as well as non-nuclear capable guidance and control systems, electronics and radio frequency systems, and platform processors. In addition, the center is home to assembly, integration and test activities for several Boeing production programs, including the KC-46 tanker, T-7A Red Hawk and the MQ-25 unmanned aircraft system.

Spanish Ministry of Defense Signs Deal for 36 Airbus H135 Helicopters

December 27, 2021 / WIL BALDWIN

Marignane, France – The Spanish Ministries of Defense and Interior have ordered 36 Airbus (OTC: EADSY) H135 helicopters. This signature takes place in the context of the stimulus plan activated by the Spanish government to support the industry. The Ministry of Defence will receive 18 helicopters to be operated by the air force and the navy while the Ministry of Interior will also take delivery of 18 helicopters to be operated by the National Police and the Guardia Civil. The deliveries will start next year.

The Spanish Army already operates a fleet of 16 H135 helicopters. With this acquisition, these will be the Spanish Air Force’s first H135’s and the Spanish Navy’s first Airbus Helicopters product. As was the case for the H135’s acquired some time ago by the army, the new aircraft for the air force and navy will replace older helicopter models currently used for advanced pilot training. The standardisation of training fleets across the three armed forces will create synergies and lead to the implementation of new and more efficient training and support activities.

The Ministry of Interior currently has a fleet of 31 helicopters from the H135 family in operation with the National Police, the Guardia Civil, and Tráfico. The new helicopters will enable the Policía and Guardia Civil to replace the BO105 helicopters in a wide range of missions including law enforcement, surveillance, and rescue activities.

Japan Coast Guard and Singapore Add Airbus H225 Helicopters

April 9, 2021 / WIL BALDWIN

Japan Coast Guard (JCG) will expand its fleet with two new Airbus (OTC: EADSY) H225 helicopters, taking its total Super Puma fleet up to 17, comprising two AS332s and 15 H225s. The largest Super Puma operator in Japan received its tenth H225 in February this year. The new helicopters will join its growing fleet to support territorial coastal activities, security enforcement, as well as disaster relief missions in the country.

JCG’s H225 fleet is covered by Airbus’ highly adaptive HCare Smart full-by-the-hour material support. This customised fleet availability programme allows the national coast guard agency to focus on its flight operations whilst Airbus manages its assets

Offering the industry’s best range, speed, payload and reliability in the 11-ton-category twin-engine rotorcraft, the H225 is the latest member of Airbus Helicopters’ Super Puma family that has accumulated more than 5.7 million flight hours in all-weather conditions around the world. Equipped with state-of-the-art electronic instruments and renowned autopilot precision, the H225 offers outstanding endurance and fast cruise speed, and can be fitted with various equipment to suit a variety of roles.

Close to 30 helicopters from the Super Puma family are currently flown in Japan by civil, parapublic operators, and Japan’s Ministry of Defense for various search and rescue missions, VIP, fire-fighting, and passenger and goods transportation.

Also, the Republic of Singapore Air Force (RSAF) has taken delivery of its first H225M helicopter. Airbus Helicopters signed the contract with Singapore’s Ministry of Defence for the acquisition of H225M Medium Lift Helicopters in 2016.

Singapore’s fleet of H225Ms is expected to assume a wide range of roles, including search and rescue, aeromedical evacuation, as well as humanitarian assistance and disaster relief operations.

A combat-proven multi-purpose and versatile asset, the H225M enables military forces to deploy wherever and whenever needed. 104 H225Ms are currently in service across the world, having accumulated more than 143,000 flight hours. The H225M is relied upon by Brazil, France, Indonesia, Malaysia, Mexico Thailand to support their most demanding missions.

ANA Receives Gold Class Recognition From S&P for Global Sustainability

March 7, 2021 / WIL BALDWIN

ANA-HOLDINGS-Receives-Gold-Class-Recognition-from-the-SP-Global-Sustainability-Awards-Press-Release-ANA-Group-Corp.s-Information

ANA Receives Gold Class Recognition from S&P Global Sustainability Awards

March 5, 2021 / WIL BALDWIN

TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win, and the Dow Jones Sustainability Index.

ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.

ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.

ANA Receives Gold Class Recognition from S&P Global Sustainability Awards

March 5, 2021 / WIL BALDWIN

TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win and the Dow Jones Sustainability Index.

*1 S&P Global:
One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.

ANA Receives Gold Class Recognition from the S&P Global Sustainability Awards

March 5, 2021 / WIL BALDWIN

*1 S&P Global:
One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.

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