Tag: ADR (Page 1 of 2)

Vietjet Air picks Rolls-Royce Trent 7000 engines for A330neo

February 25, 2024 / WIL BALDWIN

Singapore Air Show, February, 2024 – Vietjet Air has signed a Memorandum of Understanding (MoU) with Airbus Group SE (Paris: AIR) for the purchase of 20 A330-900 widebodies. When the order is finalized, the aircraft will be operated on the carrier’s growing long range network, as well as on high capacity regional services. They will replace the carrier’s current fleet of leased A330-300’s, as well as providing for network expansion.

Rolls-Royce (LSE: RR) today announces a commitment by Vietjet Air for 20 Trent 7000 powered A330neo, which will complement the airline’s existing widebody fleet of seven Trent 700 powered A330ceo aircraft.

With a laser focus on sustainability, Vietjet Air has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, whilst significantly lowering emissions. The reduction in emissions will allow the airline to avoid more than one hundred thousand tons of CO2 over the lifetime of each aircraft.

The Trent 7000 draws on the technology and experience of the most advanced family of engines in the world. As the latest member of the Trent family, the Trent 7000 is based on Trent XWB technology and has delivered exceptional reliability since its entry into service.

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.

Embraer delivers Ipanema agricultural airplane number 1,600

January 15, 2024 / WIL BALDWIN

Botucatu, Brazil, January 15, 2024 — Embraer SA (ADR-NYSE: ERJ) Agricultural Aviation Division delivered 65 Ipanema airplanes in 2023, an increase of 18% compared to the previous year. As a result, in December, the company reached the milestone of 1,600 units produced and delivered over the aircraft’s five decades of uninterrupted production.

Since the launch of the new version of the EMB-203 model in 2020, the company has seen continuous growth in sales and plans to increase production to 70 planes this year.

As the leader in the Brazilian aerial applications market, the Ipanema brings innovations and improvements that increase robustness with low operating costs and carbon emissions. The Ipanema is the only agricultural airplane certified and produced in series to fly on ethanol, a renewable energy source that provides increased power to the aircraft’s engine.

Forward-Looking Statements

Embraer E195-E2 receives steep approach certification for London City Airport

November 11, 2023 / WIL BALDWIN

Sao Jose Dos Campos, Brazil, November 10, 2023 – The Embraer SA (NYSE: ERJ) most advanced jet aircraft the E195-E2, has received certification for Steep Approach into London City Airport from EASA (European Aviation Safety Agency). This achievement is a significant development, allowing airlines to operate the E195-E2 at London City Airport (LCY), known for its challenging approach and short runway. Together with the E190-E2, which received Steep Approach certification in 2021, both members of the E2 family are now approved for operations from LCY.

The certification process highlighted the E195-E2’s impressive noise reduction among new generation single-aisle aircraft. It surpasses the requirements of ICAO’s strict Chapter 14 regulation, thereby offering a significantly quieter flying experience compared to the previous E195 model. The E195-E2’s noise footprint at take-off is around 60% smaller than current jet aircraft, such as the E190, and will bring benefits to local residents in terms of noise reductions. The E195-E2’s environmental performance extends beyond noise reduction. The aircraft delivers reduced emissions and improved fuel efficiency compared to previous generation aircraft. In 2022, Embraer and Pratt & Whitney demonstrated a successful test flight of an E195-E2 aircraft using 100% Sustainable Aviation Fuel (SAF), which could push the emissions reduction up to 85% in future.

During a proving flight, the E195-E2 first landed at the airport in July 2022. LCY, London’s most central airport, caters to both business and leisure passengers, offering quick access to continental Europe, making it a preferred choice for short-haul flights. The airport is a vital component of London’s wider connectivity and Embraer aircraft are uniquely able to manage the challenges of LCY operations, with Embraer aircraft accounting for a large proportion of LCY operations on routes as diverse as Edinburgh and Mykonos. To serve LCY, aircraft must comply with the steep approach, short runway, and stringent noise regulations. The E195-E2 could replace the current E190 fleet that existing airlines currently operate at LCY.

Forward-Looking Statements

This press release 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.

Rolls-Royce supports mission critical data center power in Japan

October 23, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC (LSE: RR, ADR: RYCEY) is supplying a total of 31 mtu emergency gensets and a complete mtu EnergetIQ control system for the latest data center of a leading global provider of hyperscale data center solutions. The hyperscale data center, located near Osaka, is one of the largest data centres in Japan, with a designed capacity of 45.9MW. Designed specifically with the scalable capacity requirements of hyperscale and enterprise customers in mind, it gives users the flexibility to grow over the long term. According to Mordor Intelligence, Japan is one of the fastest growing digital content delivery markets in all of Asia, driven by the increasing use of mobile devices and the adoption of cloud technologies.

Rolls-Royce Solutions Japan has already installed and commissioned eight of the 31 container gensets, which are based on 20-cylinder mtu Series 4000 engines. The remaining emergency generators will be added gradually as the data center’s capacity increases. The mtu containers compactly contain the diesel engine with generator, a switchgear – including the mtu EnergetIQ control and monitoring system – and all the necessary connections and supply systems and are installed outside of the building.

The fully redundant mtu EnergetIQ Manager used in Osaka monitors both the incoming grid connections and the status of all generators within the plant. It starts the emergency diesel generators in the event of a grid failure, regulates the supply of electricity to the consumers and ensures that the load is transferred back to the grid and the generators are stopped when the grid is stable again.

American Airlines orders additional four Embraer E175 aircraft for Envoy Air

October 20, 2023 / WIL BALDWIN

Sao Jose dos Campos – Brazil, October 19, 2023– American Airlines Group (Nasdaq: AAL) has signed a firm order with Embraer SA (ADR-NYSE: ERJ) for four new E175 aircraft. The jets will be operated by American’s wholly owned subsidiary, Envoy Air. With all deliveries in Q4 of 2024, Envoy’s all E-Jet fleet will grow to over 150 aircraft by the end of 2024. The contract value is US$230.6 million at list price, and will be included in Embraer’s 2023 Q3 backlog.

The E175 entered service in North America in 2005, and has since come to dominate the sector, due to its comfort, high performance, and efficiency. Customers like Embraer’s trademark two-by-two seating, meaning no one must endure a middle seat. To date, the worldwide E170/E175 fleet has accumulated over 19.5 million flight hours with Envoy having flown 1.3 million of these hours.

Marathon Airlines expands Embraer pool program agreement for seven E-Jets

October 18, 2023 / WIL BALDWIN

Amsterdam, Netherlands, October 18, 2023 – Embraer SA (NYSE: ERJ) announced that it has signed a contract amendment with Marathon Airlines for the Pool Program to include additional two E195s. Now, seven E-Jets will receive support for a wide range of repairable components – three E175, one E190, and three E195. The Greek airline started the Pool Program contract last year, with its first E175, and has seen steady fleet growth since. Currently, Embraer’s Pool Program supports more than 60 airlines worldwide.

Embraer provides support to airlines worldwide, with its technical expertise and its vast component services network. The results are significant savings in repair and inventory carrying costs and a reduction in warehousing space and resources required for repair management, while ultimately providing guaranteed performance levels. Embraer Services & Support’s portfolio offers a wide range of competitive solutions designed for each customer to support the growing fleet of Embraer aircraft worldwide and deliver the best after-sales experience in the global aerospace industry.

About Marathon Airlines

Marathon Airlines is an EASA-approved airline based in Greece providing customer-centric, safe, and reliable Wet Lease (ACMI) services to well-established EU carriers and Charter flights. We are also specialized in a range of solutions including private jet charter and aircraft management. The current fleet also includes 2 Legacy 600 aircraft.

For more information, visit www.flymarathon.aero.

Royal Jordanian Airlines sign pool program agreement with Embraer for E2 fleet support

October 18, 2023 / WIL BALDWIN

Amsterdam, Netherlands, October 17, 2023 – Embraer SA (NYSE: ERJ) has signed a multi-year contract with Royal Jordanian Airlines to support a total fleet of eight E190-E2 and E-195-E2 jets with the Pool Program. The agreement will provide support for a wide range of repairable components for the jets that will be added to Royal Jordanian’s fleet. Currently, Embraer’s Pool Program supports more than 60 airlines worldwide.

Luxembourg, Historical city center in the morning, Aerial View

Luxair orders four Embraer E195-E2 and secures delivery positions for additional five

October 11, 2023 / WIL BALDWIN

ERA General Assembly, Innsbruck, Austria, October 11, 2023 – Embraer SA (NYSE: ERJ) and Luxair, flag carrier of the Grand Duchy of Luxembourg, have signed a firm order for four E195-E2; the most efficient regional aircraft in the single aisle segment. The aircraft will complement the larger narrowbody aircraft recently ordered by the airline.

Luxair has ordered four E195-E2s, with two options and three purchase rights for more aircraft, with conversion rights to E190-E2 as required. The first aircraft delivery is scheduled for Q4 2025.

About Luxair

Founded in 1961, Luxair is a key player in the economy of the Grand Duchy of Luxembourg and the surrounding Greater Region. Passenger air transport is probably the most well-known activity of the general public. Luxair offers fast air service to most major cities, business centres and international hubs in Europe. The airline offers maximum flexibility to its business customers and quality travel to its leisure customers. Luxair’s tour operator offers a wide range of packages and themed holidays through its tourism division. Luxair is also the provider of airport services at Luxembourg Airport and its air cargo division handles all kinds of goods with ease and efficiency.

Embraer re-imagines excellence with the all-new Phenom 100EX

October 9, 2023 / WIL BALDWIN

· The Phenom 100EX will debut at the 2023 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) from October 17 to 19 in Las Vegas, Nevada

· New features include enhanced cabin comfort and new pilot-centric avionics features to deliver the ultimate flying experience for those in the cockpit and cabin

Melbourne, Florida, October 9, 2023 – Embraer SA ADR (NYSE: ERJ) today unveiled the Phenom 100EX business jet, the company’s latest evolution from the Phenom 100 series, which has served its loyal customers since 2008 with over 400 aircraft in operation. Adopted and trusted by owner-pilots, private companies, and flight academies, such as RAF, Emirates, Etihad, and the Finnish Aviation Academy, the Phenom 100 series is the most trusted entry-level platform in the industry. Now, the new Phenom 100EX delivers superior cabin comfort, operational versatility and safety enhanced pilot-centric avionics to offer the ultimate flying experience.

The Phenom 100EX is the result of continuous improvements over the years based on customer feedback. The aircraft incorporates Embraer’s Design DNA, which influenced the combining of cabin controls into sleek upper tech panels, as well as the seat design, increased use of more sustainable materials and flush-to-the-wall tables that maximizes workspace. The aircraft also includes interior enhancements, such as a baseline side-facing fifth seat and belted lavatory for additional passenger capacity. These detailed attributes throughout the cabin speak to the company’s commitment to delivering enhanced comfort, unparalleled in-flight experiences and even more productivity capabilities, while increasing the ease of maintainability. These new interior features complement the product’s best-in-class OvalLite™ cross-section, which provides further head- and legroom, as well as the most complete airstair and roomiest baggage compartment.

Leading the way in avionics and safety innovation, the Phenom 100EX is the first in its class to feature a Runway Overrun Awareness and Alerting System (ROAAS), which acts during one of the most critical moments of flight to build a clear picture of the anticipated landing conditions.

The cockpit is equally considerate with further pilot legroom provided by extended seat tracking and an open-concept cockpit for easier communication within the cabin. In addition to the reimagined cabin, the aircraft boasts enhanced pilot-centric avionics as part of the Prodigy Touch, based on the renowned Garmin 3000.

Other avionics improvements include FlightStream 510, automatic 3D volumetric scanning with lightning and hail prediction, stabilized approach, predictive windshear, and more.

Benefiting from the family’s reputation for high utilization and low maintenance costs, the entry-level jet is also one of the greenest dual-engine jets on the market, culminating in a versatile aircraft built to offer the highest level of operational flexibility. The Phenom 100EX is triple-certified by ANAC, FAA and EASA and is currently sold out in 2024 with the next available date for delivery in 2025.

Cathay Group orders 32 A320neo Family aircraft

September 29, 2023 / WIL BALDWIN

Toulouse, France, September 29, 2023 – Hong Kong’s Cathay Pacific Airways Ltd ADR (OTC: CPCAY) has announced the purchase of an additional 32 Airbus Group NV (OTC: EADSY) A320neo Family aircraft as it continues to invest in expanding and modernising its fleet. The agreement doubles the Cathay Group’s total orders for the A320neo Family to 64, of which 13 have already been delivered.

The 32 additional aircraft will comprise both the A321neo and A320neo which will join the fleets of Cathay Pacific and HK Express.They will principally serve destinations in the Chinese Mainland and elsewhere in Asia.

The A320neo Family incorporates the very latest technologies including new generation engines, Sharklets and aerodynamics, which together deliver at least 20 percent lower fuel burn and CO2 emission savings. With more than 9,700 orders from over 130 customers, the A320neo Family is the world’s most popular single aisle aircraft.

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