Tag: Blue (Page 1 of 3)

Air France-KLM enters into discussions with Apollo Global Management for financing

July 30, 2023 / WIL BALDWIN

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.

Airbus Delivers World’s First H160 in Japan

December 10, 2021 / WIL BALDWIN

Kobe, 10 December 2021 – Airbus (OTC: EADSY) has delivered the first ever H160 to Japanese operator All Nippon Helicopter (ANH), heralding a new chapter for this next generation twin-engine helicopter. With 68 patents, the innovative H160 is the world’s most technologically advanced helicopter.

The multi-role H160 was delivered from Airbus’ helicopter facility in Kobe, Japan, where flight training and specialised equipment installation for electronic news gathering will be performed before the helicopter’s entry into service next year.

Designed as a multi-role helicopter capable of performing a wide range of missions such as offshore transportation, emergency medical services, private and business aviation, as well as public services, the H160 integrates Airbus’ latest technological innovations. The helicopter provides passengers with superior comfort thanks to the sound-reducing Blue Edge blades and superb external visibility that benefits both passengers and pilots.

Rolls-Royce to Supply MTU Engines for 80-ton Bollard Pull Tugboats in Brazil

November 5, 2021 / WIL BALDWIN

Rolls-Royce (LSE: RR.L) has secured a significant contract to supply eight of its mtu 16V ₄₀₀₀ M6₅L engines for four 80-ton bollard pull tugboats to be built by Detroit Brasil, Ltda. and operated by Starnav Servicos Maritimos Ltda. The new tugs will feature a hybrid propulsion system, combining the mtu engines and mtu Blue Vision New Generation (BVNG) monitoring system with Z-drive thrusters, hybrid components and controls from Schottel, a manufacturer of propulsion and steering systems for ships and offshore applications.

While Rolls-Royce has supplied mtu Series 4000 engines to Detroit Brasil for several vessel projects in the past, this marks the first time Rolls-Royce will be supplying engines for 80-ton- bollard pull tugboats to the company and the first time that the high performance mtu 16V ₄₀₀₀ M6₅L engines which deliver 2560 kW at 1,800 rpm will be used in Latin America. Once the new tugs are entered into service, Starnav Serviços Marítimos Ltda. will run a total of 96 mtu Series 4000 engines in their fleet of harbor tugs and offshore vessels.

The mtu engines will be delivered in phases, with two delivered in August, two more in October, and two ship-sets consisting of two engines each for delivery in December.

Boeing Breaks Ground on New Maintenance, Repair & Overhaul Facility in Jacksonville

October 28, 2021 / WIL BALDWIN

JACKSONVILLE, Fla., Oct. 28, 2021 — Boeing [NYSE: BA] today broke ground to begin construction of a new 370,000 square-foot maintenance, repair and overhaul (MRO) facility located at Cecil Airport that, once complete, will support Boeing’s ability to deliver readiness outcomes for U.S. government customers.

The facility will include eight new hangars, additional work space and offices where Boeing maintainers, engineers and data analysts will support U.S. Navy and Air Force aircraft. The facility’s close proximity to Naval Air Station Jacksonville, Boeing’s Training Systems Center of Excellence in west Jacksonville, and local academic institutions make it a leading location for the development and delivery of innovative product support, underpinned by collaborative research and engineering.

The groundbreaking ceremony celebrates a 25-year lease agreement between Boeing and the Jacksonville Aviation Authority (JAA). Under the agreement, the JAA will construct and lease to Boeing new facilities on approximately 30 acres located on the northeast side of Cecil Airport, near Boeing’s existing MRO site. Construction is anticipated to be completed in 2023.

Since opening its existing MRO facilities at Cecil Airport in 1999, Boeing teammates have maintained, modified and upgraded 1,030 aircraft for the U.S. Navy and Marine Corps, including the F/A-18 A-D Hornet, F/A-18 E/F Super Hornet and EA-18G Growler. The Boeing team at the site also converts F/A-18 Super Hornets into flight demonstration aircraft for the U.S. Navy’s Blue Angel squadron as well as modifies retired F-16s into the next generation of autonomous aerial targets for the U.S. Air Force. The facility is also home to a Flight Control Repair Center that provides structural repairs to F/A-18 A-F and EA-18G flight control surfaces.

Stadler and Siemens Mobility Win Contract to Modernize and Upgrade Lisbon Metro

May 11, 2021 / WIL BALDWIN

The consortium of Stadler and Siemens Mobility have won a €114.5 million contract to provide the Lisbon Metro with a state of the art signaling system and a new fleet of modern trains. Stadler will supply 14 three-car metro trains, while Siemens Mobility will install its Communications-Based Train Control (CBTC) system Trainguard MT on the Blue, Yellow and Green lines, and will upgrade the existing equipment. This will include installing its on-board CBTC technology across 70 trains of the existing fleet, as well as on the 14 new Stadler trains.

The contract includes technical training for operation and maintenance, as well as preventive and corrective maintenance of all equipment for the first three years, and the supply of spares and consumables for preventive maintenance for a further two years. The supply period agreed is 77 months, with provisional acceptance planned for 2027.

Stadler will design the vehicles using a modular methodology to better facilitate maintenance. Its stainless- steel car body ensures the vehicles are lightweight and strong. Three double doors per side and carriage will enable passengers to get on and off quickly and easily.

The 14 three-car trains will initially be fitted with CBTC GoA2 but will have the ability to be upgraded to GoA4, so the service can be fully automated in future. Trains will be powered by third rail at 750 V. The 49.6m long and 2.78m wide vehicles will have 90 seats arranged longitudinally, two places for wheelchair users, and

standing capacity for 450 people (6p/m2). The new rolling stock will increase comfort and accessibility for passengers, as well as provide enhanced communications, safety, and video surveillance systems.

Siemens Mobility CBTC signaling technology provides real-time data on vehicle position and speed conditions operating in moving block principle, allowing system operators to safely increase the number of vehicles on a rail line. This results in greater frequency of train arrivals and allows more passengers to be accommodated on the system. This is the most extensively deployed automatic train control system in the world and is currently being used in Singapore, Turkey, Brazil, Spain, and China.

Amtrak Releasing Six 50th Anniversary Commemorative Painted Locomotives

March 17, 2021 / WIL BALDWIN

Amtrak fans across the country may soon spot a few freshly painted locomotives featuring new anniversary logos rolling down the tracks as America’s Railroad® celebrates 50 years of service this year. The first of six different commemorative 50^th anniversary locomotives has already entered service on the national network.

“We chose locomotives already budgeted for new paint as part of our life cycle preventative maintenance program and used the opportunity to celebrate this significant milestone on the most iconic component of our business,” said Amtrak President Stephen Gardner. “The locomotive designs uniquely honor our heritage and our vision of connecting communities, economies and families nationwide.”

The commemorative locomotive list includes:

P42 #46 in “Phase V 50^th” – The standard Amtrak livery for the past two decades with our “Connecting America for 50 Years” slogan including a large golden yellow 50.
P42 in “Midnight Blue”: An all new one-of-a-kind paint scheme celebrating the dedication and commitment of our employees moving people around the clock and across the nation.
P42 in “Phase VI” – The first adaptation of the latest Amtrak livery phase on a P42.
P42 in “Phase I” – A rendition of Amtrak’s first livery phase dating back to 1972.
P42 in “Dash 8 Phase III” – The award-winning livery designed for the Dash 8 locomotive fleet in the early 90s, adapted for the first time to a P42 locomotive.
ALC-42 #301 in “Day 1” scheme – A historic throwback to the unique design created for the first day of operations on May 1, 1971, applied to Amtrak’s newest locomotive.

Each P42 locomotive is being painted and overhauled at the Amtrak Beech Grove shops in Beech Grove, Ind., rolling out over the coming months and entering service across the national network. Employees will also ensure that these locomotives are maintained to high performance and safety standards. ALC-42 #301 is currently being manufactured by Siemens in Sacramento, Calif. and is expected to be delivered in April to undergo testing in the Northeast Corridor before entering service on the national network.

In addition to the commemorative locomotives, 50^th Anniversary collectible items are also now available for purchase at the Amtrak store, including t-shirts, glasses, a challenge coin, pins and other celebratory Amtrak gear.

Amtrak 50th – Paint Scheme and Livery History

Siemens Mobility SignsMoU to Install Egypt’s First High-Speed Rail System

January 17, 2021 / WIL BALDWIN

Agreement comprises a rail system with a network of around 1000km – first being a 460km project valued around 3bn$
Turnkey Engineering, Procurement and Construction project including 15 years of services
Siemens Mobility to provide high-speed and regional trains, locomotives, rail infrastructure, system integration and other services

The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility have signed a Memorandum of Understanding (MoU) – together with the local companies Orascom Construction S.A.E. and The Arab Contractors (Osman Ahmed Osman & Co.) – to design, install and commission Egypt’s first ever high-speed rail transportation system. Additionally, Siemens Mobility will be providing maintenance services. The agreement comprises a rail system with a network of 1000km, with the first being a 460km high-speed line. The order value of this initial high-speed line is around 3bn$.

The MoU was signed by Essam Waly, Chairman of Egypt’s National Authority for Tunnels, and Michael Peter, CEO Siemens Mobility, in a meeting on January 14, 2021 in Cairo. This was witnessed by His excellency, Prime Minister Mostafa Madbouly, His excellency, Minister of Transport Egypt Kamel Al Wazir, as well as Siemens CEO Joe Kaeser and Siemens Deputy CEO Roland Busch.

The first 460 km long high-speed line will connect the vastly developing cities of El-Alamein on the Mediterranean Sea to Ain Sokhna on the Red Sea, while also passing through the New Administrative Capital. The line will also be operable for freight transport purposes which will further foster economic growth in the region.

Siemens Mobility is the global leader in high-speed rail operations and is one of the leading companies in the Egyptian mobility market since the 1960s. The company has also extensive experience in delivering high-speed rail projects in the Middle East and Africa region.

As a leading global rail turnkey project provider with a proven track record of delivering projects on time, Siemens Mobility integrates its portfolio elements and delivers complete rail systems reliably and from one single source. So far, the company has successfully completed around 50 turnkey projects all over the world – delivering many ahead of schedule. Latest projects include the Extension of the Blue Line metro in Bangkok finished last year and the Copenhagen Light Rail project.

For further information about Siemens Mobility, please see: www.siemens.com/mobility

AirAsia Boosts Supply Chain Capabilities With AC2 Group

January 4, 2021 / WIL BALDWIN

AirAsia Group, the world’s best low-cost carrier for 11 consecutive years, is proud to announce its partnership with AC2 Group to install Blue Yonder’s warehouse management solution (WMS) to digitally transform its supply chain capabilities and operational agility as the airline continues to boost domestic capacity in line with strong demand.

AirAsia Group Head, Supply Chain, Siva Indran said, “We have achieved another significant milestone today with the successful deployment of a digital supply chain across the Group. The Blue Yonder WMS uses data and advanced analytics to deliver greater efficiencies for the airline and enhanced benefits for our guests, such as providing the right products on specific flights based on passenger preferences. Additionally, efficiencies gained can be translated into more attractive deals onboard or for ordering home deliveries for example. We continue to innovate in order to be well prepared ahead of the expected global rebound in air travel in the near future.

“As AirAsia’s digital transformation continues to gather momentum, we want to make fintech services inclusive throughout our travel and lifestyle ecosystem. We have always been a digital airline and this is one of many recent technological enhancements put in place over recent times to make booking and flying with AirAsia more seamless than ever. We are pleased that the digital transformation of our supply chain network project has gone live successfully across all of our operational hubs in Asia. I want to thank our IT, operations, supply chain team and our supply chain partner, the AC2 Group, for their assistance to deploy this innovation across the Group so smoothly. The digital optimisation of our supply chain network comes at a great time as we are focused on resuming operations to pre-COVID-19 levels in all of our key markets as soon as possible.”

Managing Partner of AC2 Group, Aw Yang Uei, said, “A significant amount of effort has been put into architecting the solution to ensure it is robust, scalable and integrable with future technologies such as warehouse robotics. AirAsia has a highly creative vision in their omni channel fulfilment strategies, which requires agility in their supply chain. We are delighted and honored to be part of this digitalization journey, and it is a privilege to be working closely with all the professionals in AirAsia.”

President of Asia Pacific at Blue Yonder, Antonio Boccalandro, said, “Congratulations to AirAsia and AC2 Group on the successful deployment of Blue Yonder’s WMS. Our warehouse management system is one of our flagship solutions helping customers improve flexibility, real-time responsiveness and the ability to easily manage complex warehouse operations. We are proud to be part of AirAsia’s digital transformation journey, and we look forward to many more success stories from them.”

A crowd that included Air Force leadership, congressional representatives and senators, executives and plant personnel from the Lockheed Martin Aeronautics Corporation attended a ceremony dedicating the delivery of the final F-22 Raptor in Marietta, Ga., May 2. (U.S. Air Force photo/Don Peek)

Lockheed Martin Inks $4.4B Deal to Acquire Aerojet Rocketdyne

December 20, 2020 / WIL BALDWIN

From Reuters News – Reporting by Mike Stone in Washington, D.C., Editing by Greg Roumeliotis

Dec 20 (Reuters) – Lockheed Martin Corp (NYSE: LMT) said on Sunday that it has agreed acquire U.S. rocket engine manufacturer Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) for $4.4 billion, including debt and net cash.

The deal is Lockheed’s biggest acquisition since Jim Taiclet took over as chief executive in June. He is seeking to beef up the company’s propulsion capabilities amid competition from new entrants such as SpaceX and Blue Origin, for space contracts with the U.S. government.

“Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the domestic defense industrial base and reduce costs for our customers and the American taxpayer,” Taiclet said in a statement.

Lockheed said it will pay $56 per share for Aerojet Rocketdyne, a 33 percent premium to Friday’s closing price. The purchase price will be reduced to $51 per share after the payment of a pre-closing special dividend, Lockheed added.

The Bethesda, Maryland-based company already uses Aerojet Rocketdyne’s propulsion systems in its aeronautics, missiles and fire control offerings.

Lockheed said the transaction, which is set to be scrutinized by regulators given the company’s leading position in the defense sector, is expected to close in the second half of 2021.

All Aboard! Book Premium Rail Travel with Qantas Points

December 9, 2020 / WIL BALDWIN

Qantas Frequent Flyers can now earn and use points on premium train trips around Australia including The Ghan, Indian Pacific and the Great Southern – marking the first time Classic Reward Seats have been offered on the ground.

From today, members can use points to book Classic Rail Reward seats or earn 1 point per $1 spent on Journey Beyond Rail Expeditions journeys.

Journey Beyond offers extended overnight rail holidays that traverse some of Australia’s most picturesque and iconic landscapes such as the Red Centre, Blue Mountains and east coast. The all-inclusive high-end expeditions include bespoke menus inspired by the places the trains travel through and the opportunity for guests to explore beyond the tracks with immersive Off Train Excursions before returning to their onboard accommodation and world-class hospitality.

Qantas Loyalty CEO, Olivia Wirth said at a time when Australians are planning domestic holidays more than ever the partnership with Journey Beyond Rail Expeditions provides even more choice for frequent flyers to use their Qantas Points.

“Ninety per cent of our members want to use their points for travel so the ability to explore the country by rail is an exciting alternative for frequent flyers and a real drawcard for our program,” Ms Wirth said.

“Whether members are redeeming points on flights, hotel bookings, holiday packages or now rail travel, we’re always evolving and innovating to meet the needs of our 13 million members and help bring them closer to their next dream trip.”

Journey Beyond Chief Executive Officer, Chris Tallent said the announcement reflected a coming together of two great Australian brands.

“We’re thrilled to partner with Qantas Frequent Flyer and provide people who love to travel with greater value when they choose a premium rail holiday experience,” Mr Tallent said.

“Like Qantas, Journey Beyond is in the business of taking people to incredible places across the country and curating unique experiences that forge lasting memories.

“As the first travel partner to offer Classic Reward Seats outside of flights, with the launch of our ‘Classic Rail’ Rewards, we look forward to growing our partnership with Qantas and sharing the joy of travel with our guests.”

Bookings are now available for rail travel next year with the Great Southern’s second season being extended by two weeks into February and the once-a-week Ghan service becoming a twice-weekly service from May to August. Work is currently underway to see the Indian Pacific return with its weekly journeys from mid-February.

Qantas Frequent Flyers can earn 1 Qantas Point per $1 spent on all Journey Beyond Rail Expeditions or use points to book twin and single Gold Cabins on The Ghan, Indian Pacific and Great Southern starting from 100,000 Qantas Points.

More information and bookings are available here.

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