Tag: AG (Page 1 of 2)

Lufthansa launches direct flights from Hyderabad to Frankfurt

January 19, 2024 / WIL BALDWIN

Furthering its commitment to India and enhancing its presence on the subcontinent, Deutsche Lufthansa AG (Xetra: LHAG) German Airlines is pleased to announce direct services from Hyderabad, capital of the Indian state of Telangana and Frankfurt, Germany.

Once known as the City of Pearls due to its historical significance in the pearl and diamond trade, Hyderabad has long been a hub for merchants and traders from all over the world. Today, Hyderabad is India’s 4th largest city, an emerging technological, aerospace and Indian pharma hub, with a strong presence of major multinational companies including Google & Microsoft as well as Boeing & Airbus. As a growing capital city in a prosperous state, both Hyderabad and the State of Telangana have contributed to the economic success of India today. An investment hub as well as a centre for innovation, Hyderabad combines the old-world charm of its rich history with the dynamism of 21st century India.

As the leading European carrier in India, Lufthansa now operates direct connections from Germany to 5 destinations in the country with Hyderabad-Frankfurt being the latest addition to its global network. As the fastest growing major market for Lufthansa globally, capacity growth in India exceeds pre-pandemic levels.

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.

Lufthansa connects India Silicon Valley to Munich and beyond

November 8, 2023 / WIL BALDWIN

Deutsche Lufthansa Group AG (Xetra: LHAG) connected the Indian metropolis of Bengaluru with Munich, the capital of Bavaria when its new service began on November 4, 2023. Alongside Delhi and Mumbai, Bengaluru is the third Indian city with a direct connection for travelers via Lufthansa’s 5 star Munich hub and is India’s third-largest city. The Indian city serves an IT hub and a center of the aerospace industry.

India in Focus

With a legacy in India that spans more than 90 years, the Lufthansa Group will be operating 64 weekly frequencies between India and Europe by January 2024. The Indian aviation market is currently the 3rd largest globally. This Bengaluru-Munich service represents Lufthansa’s strong commitment to the Indian market as Lufthansa Group’s capacity to India now exceeds pre-COVID levels.

Currently operating service three times a week and conveniently arriving the same day at 8:05 in Munich, Lufthansa guests will enjoy their experience on one of the most modern and fuel-efficient long-haul aircraft, the Airbus A350-900. As with all services to India, local cuisine and catering will be offered to passengers onboard their direct service from India’s “Silicon Valley” to Munich and beyond.

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.

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.

Lufthansa bringing back A380 to Los Angeles International Airport

October 25, 2023 / WIL BALDWIN

Great news for Deutsche Lufthansa AG (Xetra: LHAG) customers in the Los Angeles area! The popular Airbus A380 will return to Los Angeles International Airport on October 26. With air travel surging in demand, the added capacity that the A380 brings to the LA region will provide the much-needed increased volume that the market requires.

Flight LH453 will depart Los Angeles at 6:30pm and arrive into Munich at 1:40pm, the following day. Flight LH452 will depart Munich at 12pm and arrive back in Los Angeles at 4:15pm. All times are local. The already daily operating flights, now have increased capacity due to the placement of the A380.

Due to the sharp rise in demand for travel and the delayed delivery of ordered aircraft, Lufthansa decided in 2022 to reactivate the Airbus A380, which is particularly popular with passengers and crews. By the end of 2025, a total of eight A380’s will once again be deployed for service to and from Munich.

Lufthansa City Airlines to start flight operations in Summer 2024

October 25, 2023 / WIL BALDWIN

October 25, 2023 – Deutsche Lufthansa AG (Xetra: LHAG) newly established City Airlines will start flight operations in the summer of 2024. The airline was founded last year and received its Air Operator Certificate (AOC) from the German Federal Aviation Authority back in June. It will operate its flights from the Munich and Frankfurt hubs and thus also offer feeder flights for Lufthansa. City Airlines will operate alongside Lufthansa CityLine. Recruitment of operational staff will begin in November 2023, with pilots and cabin crew members needed for the launch.

The competitive strengthening of the short-haul network is essential for the market position of Lufthansa Group and for the planned growth of the long-haul segment in the German market.

In order to position City Airlines for the long term, English-speaking pilots are also being considered in the recruitment process for cockpit roles. Applicants with prior experience will be given preference during hiring. For Group employees interested in switching to City Airlines, offers with voluntary switching conditions can be negotiated. This includes Lufthansa CityLine staff in particular.

Talks with the social partners to agree on conditions for competitive and secure jobs have already begun.

Lufthansa customers and passengers can look forward to a Lufthansa customer experience on board City Airlines aircraft. While City Airlines will start operations with Airbus A319 aircraft, Lufthansa Group is currently also evaluating the possibility of using Airbus A220 or Embraer aircraft.

DHL fulfillment network adds capacity with new warehouse in Euskirchen

October 23, 2023 / WIL BALDWIN

Bonn, Germany, October 23, 2023 – As part of the expansion of the DHL (Deutsche Post AG-Xetra: DHLn) Fulfillment Network (DFN), DHL Supply Chain has now commissioned its fourth dedicated e-commerce warehouse in Germany. The fulfillment warehouse in Euskirchen will store, pick and pack orders from both large as well as small and medium-sized customers before shipping them within Germany, Europe or even to the rest of the world.

All customers benefit from an existing infrastructure that enables the integration of webshops and customer systems as well as connection to a range of parcel service providers. In this way, new companies can quickly and easily be integrated into the network. In addition, DHL provides its customers with a wide range of data and digital tools enabling them to drive their business with minimal effort. This allows inventory to be managed, each order to be monitored and sales trends to be tracked. Furthermore, all DFN fulfillment centers are run by trained DHL employees.

The DFN model was developed in Germany and currently has a global network spanning 30 locations around the world. The new Euskirchen site has a total storage area of over 60,000 square meters and has excellent connections to parcel centers and both Cologne/ Bonn and Duesseldorf Airport. Fluctuations in order numbers and inventory levels can be handled flexibly through specialist technology and dynamic staff deployment.

Germany First Lady Elke Budenbender Christens Berlin Express

October 4, 2023 / WIL BALDWIN

Hapag-Lloyd AG (Frankfurt: HLAG) has officially welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some 300 guests from business and politics, naming patron Elke Büdenbender performed the ceremonial christening of the ship at the Container Terminal Burchardkai (Athabaskakai) in the Port of Hamburg. Among the guests were Peter Tschentscher, the First Mayor of Hamburg, and Daniel Günther, the Minister President of Schleswig-Holstein.

The Hamburg Express class will mark the beginning of a new era for Hapag-Lloyd and its fleet. In total, a dozen state-of-the-art large container ships will be put into service by 2025. Together, these vessels will make an important contribution to Hapag-Lloyd’s efforts to operate its entire fleet in a climate-neutral manner by 2045. Thanks to their cutting-edge dual-fuel technology, they will also be able to operate using non-fossil fuels, such as bio-methane and e-methane, and thereby generate hardly any CO2 emissions.

For the time being, liquefied natural gas (LNG) will be used, which will reduce CO2 emissions by up to 25 percent and soot emissions by 95 percent. In addition, advanced components – such as an optimised hull and a highly efficient propeller – will help the vessels to reduce fuel consumption and thereby greenhouse gas emissions.

The “Berlin Express” was built at the Hanwha Ocean shipyard in South Korea. With a length of almost 400 metres and a capacity of 23,600 TEU, it is the largest cargo ship ever to sail under German flag. The container ships in the Hamburg Express class will exclusively operate on the cargo-intensive Far East route between Asia and Europe. The “Berlin Express” will operate regularly on the FE3 service, which sails between Ningbo and Hamburg, via Xiamen, Kaohsiung, Yantian, Hong Kong, Singapore and Rotterdam.

Gegenstand der Prüfungen sind ebenso Funktion und Wechselwirkung der Stromabnehmer mit der Stromschiene Berliner Bauart sowie die fehlerfreie Erkennung von Stromschienenlücken und die Aufrechterhaltung des elektrischen Fahrzeug-Bordnetzes innerhalb von Trennstellen in der Berliner Infrastruktur. Tests are conducted on the functioning and interaction of the current collectors with the Berlin S-Bahn power rail, the accurate detection of power rail gaps, and the capability to maintain electrical system operation while crossing section interfaces in the Berlin infrastructure.

Stadler Assessment of the First 100 Days of New Berlin and Brandenburg S-Bahn Trains

April 19, 2021 / WIL BALDWIN

Berlin’s new S-Bahn trains are a hundred days old, yet already proving highly reliable. The new 483/484 series has passed its baptism of fire and also proved itself during the spell of cold winter weather in February: The trains successfully defied snow, ice, and wind.

The first train punctually entered service at 0.01 a.m. on New Year’s. Since then, the ten pre- series trains have been running on Line S47 (Spindlersfeld – Hermannstraße) and have replaced the old 485 series trains.

With the new trains, S-Bahn Berlin not only offers its passengers greater comfort, but also provides more capacity for our customers. When all the 21 two-car units and 85 four-car units ordered from Siemens Mobility and Stadler have been delivered by the end of 2023, a total of 106 new quarter trains will be in operation.

Beginning this summer, the first series trains will be delivered and join the 483/484 fleet once they have been accepted.

Porsche and Boeing Partner on Premium Urban Air Mobility Market

October 10, 2019 / WIL BALDWIN

– Companies sign MOU to investigate product development for premium market

– Builds on efforts to develop new urban air mobility ecosystem

STUTTGART, Germany and CHICAGO, Oct. 10, 2019 /PRNewswire/ — Porsche and Boeing [NYSE: BA] signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their unique market strengths and insights to study the future of premium personal urban air mobility vehicles.

“Porsche is looking to enhance its scope as a sports car manufacturer by becoming a leading brand for premium mobility. In the longer term, this could mean moving into the third dimension of travel,” says Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG. “We are combining the strengths of two leading global companies to address a potential key market segment of the future.”

As part of the partnership, the companies will create an international team to address various aspects of urban air mobility, including analysis of the market potential for premium vehicles and possible use cases.

Boeing, Porsche and Boeing subsidiary Aurora Flight Sciences are also developing a concept for a fully electric vertical takeoff and landing vehicle. Engineers from both companies, as well as Porsche subsidiaries Porsche Engineering Services GmbH and Studio F.A. Porsche, will implement and test a prototype.

“This collaboration builds on our efforts to develop a safe and efficient new mobility ecosystem, and provides an opportunity to investigate the development of a premium urban air mobility vehicle with a leading automotive brand,” said Steve Nordlund, Vice President and General Manager of Boeing NeXt, an organization that is laying the foundation for a next-generation mobility ecosystem in which autonomous and piloted vehicles can safely coexist. “Porsche and Boeing together bring precision engineering, style and innovation to accelerate urban air mobility worldwide.”

A 2018 study by Porsche Consulting forecasts that the urban air mobility market will pick up speed after 2025. The study also indicates that urban air mobility solutions will transport passengers more quickly and efficiently than current conventional means of terrestrial transport, at a lower cost and with greater flexibility.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As the top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 150,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Alstom to Supply 32 Additional DT5 Metros for Hamburg

June 28, 2019 / WIL BALDWIN

28 June 2019 – Alstom, in consortium with Bombardier Transportation, will supply 32 further DT5 metro trains to Hamburger Hochbahn AG (Hochbahn) for a total amount of 186 million euros. Alstom’s share of the contract amounts to over 100 million euros. As part of this contract, Alstom will supply the mechanical part, the bogies and the mechanical braking system, while Bombardier will supply the electrical equipment, the driving system, the passenger information system and the vehicle control system. The trains will be assembled at Alstom’s site in Salzgitter, Lower Saxony. The new trains are to be put into service from January 2021 onwards.

“For many years now, our vehicles have been shaping mobility in Hamburg. This order confirms that customers and passengers are satisfied with our vehicles and will continue to rely on the DT5 trains in the future. With this order we will have delivered a total of 163 vehicles to Hamburg. This is a proof of our long-standing, trusting and sustainable cooperation with Hochbahn”, says Dr. Jörg Nikutta, Managing Director for Alstom in Germany and Austria.

The DT5 metro fleet has been in operation in Hamburg since autumn 2012. The Hochbahn has now ordered a total of 163 metro trains of this generation in order to cope with the increasing number of passengers in the city. In the past, Alstom had already delivered the DT2, DT3 and DT4 fleets – a total of 462 trains – to the Hamburg subway system.

Hamburg is the second largest city in Germany and the eighth largest city in the European Union. In order to meet the needs of such a large urban population, the DT5 was designed as a modern, spacious subway with wide corridors, a continuous interior and multi-purpose areas adapted to new passenger needs. Each of the 40 meter long three-car trains has 96 seats, 240 standing spaces and two additional wheelchair spaces. The DT5 also offers high passenger comfort, such as air conditioning, passenger information and monitoring systems as well as automatic door closing.

The DT5 subways are environmentally friendly. Their lightweight stainless steel car bodies and regenerative braking system contribute to improving energy efficiency. The vehicles are very quiet, which makes the Hamburg subway one of the quietest in the world.

As part of the Hamburg Senate’s bidding offensive, Hochbahn is expanding its range of services by an average of around five percent per year over the next three years. The new services include significantly tighter metro intervals and a massive expansion of the bus service with new express and area buses. The latest subway generation (DT5) is now to be increased by 32 vehicles and up to 163 vehicles at a later stage.

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