The CAF Group company has consolidated its leading position in the thriving hydrogen city bus market with two new contracts for the supply of 57 vehicles for a combined value of over 40 million Euros for Barcelona, Spain and Essen, Germany. Solaris’ experience in rolling out hydrogen technology has seen 40 operators in 10 European countries already place their trust in the company, having won orders for in excess of 700 vehicles.
Supported by the ongoing development of the hydrogen vehicle market and the increasing orders for hydrogen fuel cell-powered buses, Solaris has intensified its business activity in this segment over the recent months. In fact, in connection with this technology, last year Solaris made a major investment constructing a new building exclusively to manufacture hydrogen-powered buses.
Solaris’ substantial backlog, which includes supplies to various operators in Austria, Switzerland, Germany, Spain, France, Italy, the Netherlands, Poland, Sweden and Slovakia, illustrates the current relevance of this market. While 99 hydrogen buses were registered in Europe in 2022, pending official data for 2023, at the end of the third quarter of the year a total of 137 new bus registrations had already been made in Europe, representing a 38% increase compared to the 12 months in the previous year. If we add the data for the last 3 months of 2023, the figures would undoubtedly reveal how strongly this sector has grown and how much Solaris has contributed to this situation. Just a few years ago, specifically in 2018, not one single hydrogen bus was registered in Europe.
Air France-KLM (OTC: AFLYY) today announces that it has entered into exclusive discussions with Apollo Global Management (NYSE: APO) regarding the potential financing of E1.5bn to a dedicated operating affiliate of Air France-KLM. This entity will hold the trademark and most of the commercial partner contracts related to Air France and KLM’s joint loyalty program “Flying Blue”, and will become the exclusive issuer of miles for the airlines and partners.
This financing would be non-dilutive, structured through a quasi-equity instrument, similarly to those raised by Air France on a pool of spare engines in July 2022 and maintenance activity components in July 2023. Under this agreement, Apollo-managed funds would subscribe to perpetual bonds issued by this dedicated operating affiliate of Air France-KLM.
This financing would be accounted as equity under IFRS, allowing Air France-KLM to make a further step towards its commitment to restore its equity and strengthen its balance sheet, aside from net profit generation and/or straight hybrid bonds.
The contemplated structure related to this financing would incur no change on the operation of the program vis-à-vis the Flying Blue members, no change on social aspects nor Air France, KLM or Air France-KLM employee’s contracts.
Air France-KLM would pursue managing and operating its loyalty program and Air France and KLM would keep full ownership rights of the Flying Blue customer database.
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.
Emirates has announced it will resume non-stop services to Seattle (from 1st February), Dallas and San Francisco (from 2nd March), offering its customers seamless connectivity via Dubai to and from popular destinations in the Middle East, Africa, and Asia.
The addition of these three destinations will take Emirates’ North American network to 10 destinations following the resumption of services to Boston, Chicago, Houston, Los Angeles, New York JFK, Toronto and Washington DC.
Flights to/from San Francisco will operate four times weekly on Emirates’ Boeing 777-300ER while flights to/from Seattle (operating four times weekly) and Dallas (three times weekly) will be operated with the two-class Boeing 777-200LR, offering 38 lie-flat seats in Business and 264 ergonomically designed seats in Economy class.
The airline will also be providing its customers more options and choice with additional flights to New York , Los Angeles and São Paulo. Effective 1st February, Emirates will be operating double daily flights to John F. Kennedy International Airport (JFK) and a daily flight to Los Angeles (LAX). Emirates customers also have seamless access to other US cities via the airline’s codeshare agreements with Jetblue and Alaskan Airlines.
In South America, Emirates will be introducing a fifth weekly flight to São Paulo (from February 5th), offering customers in Brazil even more travel options with greater access to its expanding network. Beyond São Paulo, Emirates customers can enjoy seamless connectivity and access to 24 other cities in Brazil via the airline’s codeshare partnership with GOL and its interline agreements with Azul and LATAM.
Emirates has safely and gradually restarted operations across its network and currently serves 114 destinations on six continents.
Since it safely resumed tourism activity in July, Dubai remains one of the world’s most popular holiday destinations, especially during the winter season. The city is open for international business and leisure visitors. From sun-soaked beaches and heritage activities to world class hospitality and leisure facilities, Dubai offers a variety of world-class experiences. It was one of the world’s first cities to obtain Safe Travels stamp from the World Travel and Tourism Council (WTTC) – which endorses Dubai’s comprehensive and effective measures to ensure guest health and safety.
2021 Ford GT Heritage Edition inspired by the GT40 MK II’s 1966 Daytona 24 Hour Continental race victory!
– Ford Performance unveils new Ford GT Heritage Edition inspired by the 1966 Daytona 24 Hour Continental, a stylish Frozen White with exposed carbon fiber and Race Red livery that pays homage to the 55th anniversary of the epic race where Ford achieved its first 24-hour endurance win
– Exclusive Ford GT Studio Collection offers even more exclusivity with unique and widely customizable design features in a limited-availability package for only 40 Ford GT supercars slated for production across the 2021 and 2022 model years
– New 2021 Ford GT Heritage Edition and Studio Collection are the pinnacle of Petersen Car Week, which started airing Wednesday on the Petersen Museum’s YouTube channel, which includes highlights include several virtual events featuring 25 hours of original content from manufacturers and enthusiasts, plus automotive lifestyle and auction house activities
The Ford GT is America’s only Le Mans-winning supercar, and taking this pinnacle of Ford Performance even further for 2021, Ford is revealing two new enhancements today – the first-ever Heritage Edition inspired by the original model’s first endurance win at the 1966 Daytona 24 Hour Continental race, plus an all-new Studio Collection package offers even more exclusivity and design enhancements.
“For this Heritage Edition, the Ford Performance team went deeper into the Ford GT’s race history and crafted a limited-edition model that stylistically honors the 55th anniversary of the Daytona 24 Hour endurance race that would eventually lead to our successes at Le Mans,” said Mike Severson, Ford GT program manager. “Plus, for customers who want to highlight the carbon-fiber body and functional cooling ducts that help deliver Le Mans-winning performance, the Ford GT Studio Collection offers another new way GT fans can personalize their supercars.”
The announcement of two new variants of the Ford GT were the highlights at the conclusion of 2020 Petersen Car Week, which started airing Wednesday on the museum’s YouTube channel. The virtual event featured 25 hours of original content from manufacturers and enthusiasts, along with automotive lifestyle and auction house activities.
Qantas is making it easier for Frequent Flyers to use their points on domestic and Trans-Tasman flights, as more travellers look closer to home for their next holiday.
For the rest of 2020, Classic Flight Reward seat availability will be increased by up to 50 per cent to the most popular destinations in Australia and New Zealand including Cairns, Sunshine Coast, Sydney, Queenstown and Auckland (when flights recommence).
To help regular flyers maintain their travel benefits, Qantas Frequent Flyer will also be giving tiered members Silver and above a one-off Status Credits bonus to compensate for reduced flying activity.
The increased availability and status support are part of a raft of initiatives from the loyalty program designed to give members more value from their upcoming holidays and the broader program.
Other program improvements include:
Extra Status Credits: To help our most frequent flyers maintain their benefits throughout travel restrictions, eligible Silver, Gold, Platinum and Platinum One members will automatically receive 50 per cent of the Status Credits they need annually to keep their tier. Members most impacted, such as those whose membership year started at the peak of travel restrictions, will also be eligible for additional monthly Status Credits support. Loyalty Bonus’ for members will now also count towards reaching or retaining Platinum One until 31 December 2021.
Better value on accommodation: The number of points required for Points Plus Pay Qantas Hotels bookings will decrease by 20 per cent effective immediately. For a limited time only members will also receive 5,000 points back when they book a minimum of 3 nights and on selected Qantas Luxury offers earn up to 125 bonus Status Credits when they book before Monday 31 August 2020.
Greater flexibility: To enable members to plan their holidays with more confidence, bookings made using points on Qantas Group flights will have any change or cancellation fees waived until 31 October 2020.
More Points Planes: Qantas Frequent Flyer will launch more Points Planes – exclusive flights for frequent flyer redemptions – to meet the pent-up travel demand of members and boost Australian tourism. Timings and destinations of the flights will be released over the coming months.
Improved digital experience: Qantas Frequent Flyers will soon have a new way to plan their holidays with points. ‘Dream Planner’, launching on 28 July 2020, uses real time data and notifications to keep members informed on reward seat availability and special offers to their preferred destinations.
Qantas CEO Alan Joyce said the changes were good news for members and for tourism.
“Australia is home to world-class destinations and Qantas is making it easier for frequent flyers to visit them,” Mr Joyce said.
“We’re adding more Points Planes and more reward seats to our most popular domestic destinations, because that’s where people will be holidaying for the rest of the year.
“We’re also helping our most loyal flyers maintain their travel benefits by giving them extra Status Credits in recognition of their long-term loyalty.”
Qantas Loyalty CEO, Olivia Wirth said Qantas Frequent Flyer is one of the most attractive loyalty programs in the world because it’s always evolving and innovating to meet the needs of its 13 million members.
“We’ve been listening to our Frequent Flyers closely over the last few months about how they feel about travel, where they want to go and how they want to use their points,” Ms Wirth said.
“What emerged was that despite what’s going on around the world, the notion of the dream trip is well and truly alive, they’re just looking a little closer to home.
“Qantas Frequent Flyers are some of the country’s biggest advocates for travel and this has been reflected in the number of bookings we’re seeing as travel restrictions ease.
“That’s why we’re continuing to invest in making our members’ travel dreams a reality with more choice, better value and greater flexibility.”
Fast facts:
Intention to travel for Frequent Flyers remains high at 90 per cent.
Majority of Qantas Points in the program are earned on the ground, this hasn’t changed.
Qantas Frequent Flyers typically save points over a long period of time for a big dream trip – travel still remains the number one preference to redeem points.
Qantas’ latest nationwide sale shows that Sydney-Brisbane, Melbourne-Sydney, Perth-Broome, Sydney-Cairns, Brisbane-Cairns as the most popular routes.
Saint-Cloud, France, July 2nd 2019 – Dassault Aviation and RUAG announced the acquisition by Dassault Aviation of the maintenance and FBO activities of RUAG in Geneva and Lugano.
“The acquisition of the business aviation activities of RUAG is part of our strategy to develop a worldwide MRO network of excellence and will allow Dassault Aviation to reinforce its footprint in Switzerland. RUAG has been a long-time partner of Dassault Aviation as an authorized Falcon service center. This acquisition will consolidate our network in Geneva and Lugano. Both Geneva and Lugano FBO activities will complement the full range of services offered by Dassault Aviation in Switzerland”, declared Eric Trappier, Chairman and CEO of Dassault Aviation.
“We are extremely satisfied that we have completed this transaction with Dassault Aviation, a leader in manufacturing and maintaining aircraft”, said Urs Breitmeier, CEO of the RUAG Group. “They are an experienced partner of RUAG and can provide a strong foundation for successfully continuing operations in Geneva and Lugano, as well as for the future of the members of our staff at both sites”.
Mérignac, France, 14 May 2019 – Today, Dassault Aviation officially launched the construction of an office building on its site in Mérignac, France, as a step of its “Leading our Future” transformation plan. The building will accommodate design, development and after-sales support teams for the firm’s civil and defense activities.
“This ambitious project reflects our aim to bring together some of the teams who design and support our aircraft and those responsible for producing them. It fosters collaborative working as part of the rollout of our extended design office concept. The principle is to integrate even more and whenever required, from the design phase, all the trades involved in the product life cycle. This building will not just house offices, it will be one of the means to reframe the interactions between Mérignac and Saint-Cloud. We are expecting better links between technical competence, product knowledge and customer services”, said Eric Trappier, Chairman and CEO of Dassault Aviation. “It is one of the focuses of our transformation plan which, without altering the DNA that has underpinned our century-long success, aims to make our company more flexible and more competitive to respond to the technology challenges ahead and the changes occurring in the world around us.”
The new building will offer 25,800 sq. m of surface area over four levels with a total capacity of 1,500 workstations including 24 modular collaborative work spaces and nine project offices. The building will also provide VIP rooms for our civil and military customers, a Falcon command center, rooms for aircraft system test benches, a Virtual Reality Center, an Immersive Reality Center and an auditorium.
The highest environmental standards will be applied including smart lighting and energy management, solar panels (4,000 sq. m), reinforced insulation, green roofs, and a heat recovery system.
Presided over by Eric Trappier, alongside Valérie Guillemet, Mérignac Site Manager, the “groundbreaking” ceremony was attended by many local elected representatives, particularly the President of the Nouvelle-Aquitaine Region Alain Rousset, the President of Bordeaux Métropole Patrick Bobet, the Mayor of Mérignac Alain Anziani and the Mayor of Bordeaux Nicolas Florian. Representatives of official services, as well as the region’s aviation ecosystem and the media were also present at the event.
Work is scheduled for completion at the end of 2020, and the building should be commissioned in 2021.
About Dassault Aviation
With over 10,000 military and civil aircraft delivered in more than 90 countries over the last century, Dassault Aviation has built up expertise recognized worldwide in the design, development, sale and support of all types of aircraft, ranging from the Rafale fighter, to the high-end Falcon family of business jets and military drones. In 2018, Dassault Aviation reported revenues of €5.1 billion. The company has 11,500 employees.
