Tag: approved (Page 1 of 3)

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.

Overland Airways of Nigeria receives its first E175

September 14, 2023 / WIL BALDWIN

Abuja, Nigeria, 14 September 2023 – Overland Airways of Nigeria has received the first of three new Embraer (NYSE: ERJ) E175 E-Jets. The aircraft was delivered to the airline last week. The twenty-year old West African carrier, an affiliate of the Landover Aviation Services Company, also holds options for three additional aircraft.

Concurrent with the arrival of its new E175s, Overland is aggressively ramping up its presence in Nigeria. It has built a new corporate office and hangar facilities in Lagos. The airline is an Approved Maintenance Organization under the certification of the Nigerian Civil Aviation Authority.

Overland’s partner, Landover Aviation Services, runs one of IATA’s top ten aviation training institutions in Africa. The Landover Aviation Business School specializes in airline technical and operations, aviation management, and travel and tourism.

Hapag-Lloyd successfully completes SM SAAM terminal business acquisition

August 1, 2023 / WIL BALDWIN

Hapag-Lloyd (OTC: HPGLY) today successfully completed its 100 % acquisition of SM SAAM’s terminal business and related logistics services, which is based on an agreement announced in October 2022. The transaction was approved unconditionally by the relevant antitrust authorities of all countries involved in this acquisition process.

Investing in terminal infrastructure is a key element of Hapag-Lloyd’s strategic agenda, and Latin America is one of its key markets. The transaction includes interests in terminals in Iquique, Antofagasta, San Antonio, San Vicente and Corral (Chile), Port Everglades (United States / Florida), Mazatlán (Mexico), Buenavista (Colombia), Guayaquil (Ecuador) and Caldera (Costa Rica) as well as related logistics services. The acquisition will further strengthen Hapag-Lloyd’s core liner shipping business and help the carrier to build up a robust and attractive terminal portfolio.

The new entity will be led by its CEO, Mauricio Carrasco, who has been Managing Director for the Terminals Division within the SAAM Group since 2020. Mauricio Carrasco is an experienced senior executive with long-standing experience in Latin America and globally. He has served as Senior Vice President of Development at CSAV and as Senior Director at Hapag-Lloyd, with responsibilities in the Americas, China, Dubai, and India. Rodolfo Díaz, former Senior Director Business Administration Region Latin America at Hapag-Lloyd, will join him as CFO.

Hapag-Lloyd has continuously expanded its involvement in the terminal sector and holds stakes in the Container Terminal Wilhelmshaven, the Container Terminal Altenwerder in Hamburg, the Italy-based Spinelli Group, the India-based J M Baxi Ports & Logistics Limited, Terminal TC3 in Tangier, and Terminal 2 in Damietta, Egypt, which is currently under construction.

CSX Corporation Declares Quarterly Dividend

July 13, 2023 / WIL BALDWIN

Jacksonville, Florida – July 12, 2023 – CSX Corporation (NASDAQ: CSX) announced that the Company’s Board of Directors approved a $0.11 per share quarterly dividend on the Company’s common stock. The dividend is payable on September 15, 2023, to shareholders of record at the close of business on August 31, 2023.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation’s economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation’s population resides. It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike. More information about CSX Corporation and its subsidiaries is available at www.csx.com.

Textron Aviation receives order for five Beechcraft King Air turboprops in support of Kingdom of Saudi Arabia

July 12, 2023 / WIL BALDWIN

Wichita, Kansas (July, 11, 2023) – Textron Aviation (NYSE: TXT) today announced it has been awarded a contract by AvMet International LLC (AvMet), based in Fargo, North Dakota, for one Beechcraft King Air 360CHW (cargo door, heavy weight) and four Beechcraft King Air 260 aircraft. The Beechcraft King Air fleet will support the Kingdom of Saudi Arabia’s National Center for Meteorology program for cloud seeding.

AvMet and its partners Weather Modification International (WMI) and Fargo Jet Center (FJC) will work collaboratively to equip the four King Air 260 aircraft with a Cloud Water Inertial Probe (CWIP), Data Logger with aircraft tracking, and cloud seeding equipment. The King Air 360CHW will be rigged with Cloud Seeding equipment, a research laboratory and an instrument package for studying cloud physics and aerosols.

The aircraft will be modified at WMI’s headquarters in Fargo with sister company Fargo Jet Center LLC (FJC). FJC’s Part 145 Repair Station, which is an authorized service facility for the family of Beechcraft King Air aircraft, teamed with WMI to certify the Federal Aviation Administration approved Supplemental Type Certificate modifications for cloud seeding and atmospheric research equipment. Together, Textron Aviation, WMI and FJC will provide the Kingdom of Saudi Arabia’s National Center for Meteorology with the newest technologies in cloud seeding and atmospheric sciences instrumentation.

Endless Special Mission Possibilities

When government, military and commercial customers want airborne solutions for critical missions, they turn to Textron Aviation. The company’s aviation solutions provide the high performance and flight characteristics required to address the unique challenges of special mission operations. With unparalleled quality, versatility and low operating costs, Textron Aviation products are preferred for air ambulance, ISR, utility transport, aerial survey, flight inspection, training and a number of other special operations.

Boeing Awarded Contract to Deliver 14 Chinook Helicopters to the Royal Air Force

June 22, 2021 / WIL BALDWIN

U.S. Special Operations Command awarded Boeing [NYSE: BA] a $578 million Foreign Military Sales contract approved by the U.S. Department of State to deliver 14 extended-range Chinook helicopters to the UK Royal Air Force (RAF).

The extended range Chinook gives the RAF fleet more versatility to execute the domestic and international heavy-lift missions that only the Chinook can facilitate.

Boeing and the RAF recently celebrated the 40th anniversary of the first Chinook delivery to the UK. Boeing will also celebrate the 60th anniversary of the Chinook’s first flight later this year.

The United Kingdom will be the first international operator of a Block II Chinook. Deliveries are scheduled to start in 2026.

Boeing has more than 4,600 employees in Pennsylvania supporting the Chinook, the V-22 Osprey, the MH-139A Grey Wolf and a number of services and engineering efforts. Including suppliers and vendors, Boeing’s activities support an estimated 16,000 jobs in Pennsylvania.

The Chinook fleet for the UK Ministry of Defence (MOD) supports more than 450 highly skilled jobs across the UK. Boeing colleagues provide maintenance and services support at Gosport, MOD Boscombe Down, and are embedded alongside the military at RAF Odiham.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity.

Adapted Alstom Euroduplex Trains for Spanish Network Brought into Service

May 11, 2021 / WIL BALDWIN

Four Avelia Euroduplex trains from the SNCF fleet will enter commercial service on Monday 10 May 2021 on the Madrid-Barcelona route. They will be operated by OUIGO España, a local subsidiary of SNCF. The trains have been converted by Alstom and SNCF to run on the Spanish high-speed rail network.

Following on from these first four trains, 10 other trains are currently being converted by Alstom to serve several high-speed routes in Spain: initially, the Madrid-Valencia and Madrid-Alicante routes and subsequently, Andalusia (Madrid-Seville and Madrid-Malaga). OUIGO España will thus have a fleet of 14 trains for 5 destinations departing from Madrid: Barcelona, Valencia, Alicante, Seville, and Malaga.

During the conversion process of the trains, Alstom developed and deployed on-board signalling equipment architecture, necessary for rail traffic safety and performance, based on its digital ERTMS[1] solution Atlas. This solution ensures that Avelia Euroduplex trains are compliant and can be approved for Spanish infrastructures.

Hilton Reports Fourth Quarter and Full Year Results

February 17, 2021 / WIL BALDWIN

MCLEAN, Virginia – Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) (NYSE: HLT) today reported its fourth quarter and full year 2020 results. The following results reflect the material impact that the novel coronavirus (“COVID-19”) pandemic has had on Hilton’s business. Highlights include:

Diluted EPS was $(0.80) for the fourth quarter and $(2.56) for the full year, and diluted EPS, adjusted for special items, was $(0.10) for the fourth quarter and $0.10 for the full year
Net loss was $225 million for the fourth quarter and $720 million for the full year
Adjusted EBITDA was $204 million for the fourth quarter and $842 million for the full year
System-wide comparable RevPAR decreased 59.2 percent and 56.7 percent on a currency neutral basis for the fourth quarter and full year, respectively, from the same periods in 2019
Approved 18,700 new rooms for development during the fourth quarter, bringing Hilton’s development pipeline to 397,000 rooms as of December 31, 2020
Opened 22,900 rooms in the fourth quarter, reaching the one million room milestone and contributing to 47,400 net additional rooms in Hilton’s system for the full year, which represented approximately 5.1 percent net unit growth from December 31, 2019
As of February 10, 2021, 97 percent of Hilton’s system-wide hotels were open
In December 2020, issued $1.9 billion of senior notes consisting of: (i) $800 million aggregate principal amount of 3.750% Senior Notes due 2029 and (ii) $1.1 billion aggregate principal amount of 4.000% Senior Notes due 2031; and used the net proceeds to redeem: (i) $1.0 billion in aggregate principal amount of outstanding 4.250% Senior Notes due 2024 and (ii) $900 million in aggregate principal amount of outstanding 4.625% Senior Notes due 2025
In January 2021, repaid $250 million of the outstanding debt balance under the $1.75 billion senior secured revolving credit facility
In February 2021, issued $1.5 billion aggregate principal amount of 3.625% Senior Notes due 2032 and used the net proceeds to redeem $1.5 billion in aggregate principal amount of outstanding 5.125% Senior Notes due 2026

Click the link below to view the full press release!

https://newsroom.hilton.com/assets/HWW/docs/2021/Q1/2020-Q4-Earnings-Release-FINAL.pdf

WynnBET Conditionally Approved for Online Sports Betting in Tennessee

February 13, 2021 / WIL BALDWIN

JERSEY CITY, N.J., /PRNewswire/ — WynnBET, the premier casino and sports betting app from the global leader in luxury hospitality, Wynn Resorts (NASDAQ: WYNN), announces that it received conditionally approved last week for sports gaming in Tennessee. The Sports Wagering Committee of the Tennessee Education Lottery Corporation’s Board of Directors approved WynnBET to operate its online sports betting app throughout the state, pending fulfillment of statutory and regulatory requirements to go-live.

Tennessee marks the ninth state that WynnBET has gained market access to as the Company fast-tracks its growth plan to meet the demands of the quickly moving online and mobile sports betting industry.

Inspired by Wynn Resorts unmatched expertise in customer service and sophisticated brand experience, the WynnBET app offers an ultra-intuitive and highly responsive interface that delivers hundreds of sports betting options to delight both aficionados and beginners alike. With its acquisition of BetBull in 2020, WynnBET is built on a foundation of highly social sports-betting technology and one-of-a-kind experiences so that wagering and winning can be a celebrated and shared experience.

WynnBET is currently available in New Jersey, Colorado, and Michigan. In addition, WynnBET has market access opportunities in Indiana[1]*, Iowa*, Massachusetts*, Nevada, Ohio*, and now Tennessee; and has submitted for licensure in Virginia. Such market access and licensure are subject to legalization and required approvals by regulatory authorities in each jurisdiction.

For more information, visit WynnBET.com

Boeing Delivers Trio of 777 Freighters to Qatar Airways Cargo

January 3, 2021 / WIL BALDWIN

Qatar Airways Cargo took delivery of three Boeing [NYSE:BA] 777 Freighters as the airline continues to build its cargo division with the world’s largest and most capable twin-engine freighter. The milestone also marks the 200th 777 Freighter to be delivered.

The triple delivery comes as air freight is playing a pivotal role amid the COVID-19 pandemic – including transporting newly approved vaccines – and is projected to increase more than 4% over the next two decades.

With the arrival of the trio of 777 Freighters, Qatar Airways Cargo now operates 24 of this airplane model along with two 747-8 Freighters. As one of the leading air cargo carriers in the world, Qatar’s dedicated freighter fleet serves more than 60 freighter destinations worldwide via its world-class Doha hub and also delivers freight on the belly-hold deck of passenger aircraft to an extensive network.

“With the arrival of these new freighters, we are injecting more capacity in the market which is very much required during the pandemic. The added capacity will also enable us to support the logistics around the COVID-19 vaccination, which is projected to be one of the greatest logistical challenges for the industry,” said Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker. “With our investments in innovation and fleet, we are able to fulfill our customers’ logistical requirements and facilitate the continuity of global trade.”

The 777 Freighter can fly 4,970 nautical miles (9,200 kms) and carry a payload of 224,900 pounds (102,010 kg). The airplane’s long range translates into significant savings for operators like Qatar Airways Cargo as fewer stops reduce landing fees, congestion, cargo handling costs and delivery times.

“During these challenging times, Qatar Airways Cargo has been transporting humanitarian relief and medical goods to those in need, and we are proud that their growing fleet of 777 Freighters is supporting such a commendable effort,” said Ihssane Mounir, senior vice president, Commercial Sales and Marketing, The Boeing Company. “We deeply appreciate our long-standing partnership with Qatar Airways and their confidence in the 777 Freighters as the backbone of their expansive global air cargo operations.”

The 777 Freighter is now Boeing’s top selling freighter. Customers from around the world have ordered 242 777 Freighters since the program began in 2005, including a record 45 units in 2018. Boeing, the market leader in air cargo aircraft, provides more than 90% of the dedicated freighter capacity around the world, including new production and converted freighters.

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