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New Honeywell Turbogenerator Will Run on Biofuel and Power Hybrid Electric Aircraft

March 8, 2021 /

PHOENIX, March 8, 2021 /PRNewswire/ — Honeywell (NYSE: HON) announced it is developing a power source for hybrid-electric aircraft, planned for demonstration later this year. At 280 pounds, the Honeywell 1-Megawatt generator weighs about the same as a motor scooter but delivers enough energy to power an entire neighborhood block. This generator will be combined with the Honeywell HGT1700 auxiliary power unit, currently flown on every Airbus A350 XWB, to form a turbogenerator 2.5 times more powerful than the version the company unveiled in 2019.

The new turbogenerator from Honeywell will be able to run on aviation biofuel, including Honeywell Green Jet Fuel, which is chemically similar to fossil fuel but made from more sustainable alternatives, as well as conventional jet fuel and diesel. Honeywell’s turbogenerator can be used to operate high-power electric motors or charge batteries and can satisfy missions from heavy-lift cargo drones to air taxis, or commuter aircraft. The first demonstration of this turbogenerator system will occur in the third quarter of 2021, with ongoing development and qualification to follow.

Traditionally, aircraft use fuel-burning engines to mechanically turn rotors, propellers or fans. Many new designs, however, use a distributed electric propulsion architecture, in which many electric motors can be tilted or turned off for vertical takeoff and horizontal flight. A Honeywell turbogenerator can provide electric power for multiple electric motors anywhere on an aircraft.

In December, Honeywell signed a memorandum of understanding with British startup Faradair Aerospace to collaborate on systems and a turbogeneration unit that will run on sustainable aviation fuel to power Faradair’s Bio Electric Hybrid Aircraft (BEHA). Faradair intends to deliver 300 hybrid-electric BEHAs into service by 2030, of which 150 will be in a firefighting configuration. Honeywell is in advanced discussions with several other potential turbogenerator customers, working to help define power requirements based on mission profiles required by various manufacturers.

Honeywell unveiled its first turbogenerator for urban air mobility (UAM) at the 2019 HAI HELI-EXPO in Atlanta. It combined Honeywell’s HTS900 turboshaft engine with two 200-kilowatt generators. Since then, the company continues to grow its role in the UAM segment, highlighted by advancements in electric and hybrid-electric propulsion systems.

Honeywell is a major player in the emerging UAM segment, offering a full line of avionics, propulsion and operational systems—all tailored for piloted and autonomous vertical take-off and landing UAM and cargo vehicles. Honeywell also offers aerospace integration and certification expertise for enabling the commercialization of these vehicles.

Honeywell pioneered the sustainable aviation fuel market with its UOP Ecofining process. Honeywell Green Jet Fuel produced by this process is blended seamlessly with petroleum-based jet fuel at commercial scale. When used in up to a 50% blend with petroleum-based jet fuel, Honeywell Green Jet Fuel requires no changes to aircraft technology and meets all critical specifications for flight.

CS, LX, Bombardier

SWISS Reduces Geneva Flight Operations to Minimum Due to Travel Restrictions

February 3, 2021 /

In view of the tighter travel restrictions announced by the Swiss Federal Council on 27 January and the resulting decline in demand for air travel, SWISS has been compelled to temporarily reduce its flight operations to an absolute minimum at Geneva Airport until the end of February. SWISS remains fully committed to its Geneva business and operations in the longer term, and will continue to strive to keep Western Switzerland as well connected as possible with its global Zurich-based network. Further changes are also being made to SWISS’s Zurich flight schedules. Travellers affected by flight cancellations can rebook free of charge or have the price of their ticket refunded.

Swiss International Air Lines (SWISS) is temporarily reducing its already-downsized flight operations in Geneva to an absolute minimum until the end of February with effect from today (Monday 1 February), in view of the tighter travel restrictions announced by the Swiss government. The action is being taken because SWISS’s Geneva services are point-to-point operations that do not generate additional business through a feeder function (as is the case at SWISS’s Zurich hub). Geneva Airport also currently lacks traveller testing facilities. The 13 weekly services between Geneva and SWISS’s Zurich hub will continue to operate, as will the seven weekly frequencies between Geneva and the Frankfurt hub of Lufthansa. So SWISS will continue to keep Western Switzerland connected with its global route network in these still difficult times. 

SWISS remains fully committed to its long-term strategy of maintaining a strong presence in Geneva and further expanding its present range of point-to-point air services. “Geneva is and remains an extremely important location for us,” confirms SWISS CEO Dieter Vranckx. “And as soon as conditions permit and the demand for air travel returns, we will steadily expand our services from Geneva again, as we will from Zurich, too.” 

Zurich schedules also affected

Many of the short- and long-haul SWISS services that are currently being offered from and to Zurich can continue to be operated, in view of their feeder function and/or their cargo-carrying role. But the already substantially diminished range of flights here, too, is being further reduced with effect from 1 February. As a result, SWISS will only be operating some 10 per cent of the February services which it provided in 2019. 

Travellers whose flight is cancelled as a result of these developments can rebook free of charge or have the price of their ticket refunded.

Boeing Reports Fourth-Quarter Results

January 27, 2021 /

Fourth Quarter 2020

  • Financial results significantly impacted by COVID-19, 737 MAX grounding, and commercial widebody programs
  • 777X program recorded $6.5 billion pre-tax charge; first delivery expected in late 2023
  • 737 MAX began receiving regulatory approval to resume operations and restarted deliveries
  • Revenue of $15.3 billion, GAAP loss per share of ($14.65) and core (non-GAAP)* loss per share of ($15.25)

Full-Year 2020

  • Revenue of $58.2 billion, GAAP loss per share of ($20.88) and core (non-GAAP)* loss per share of ($23.25)
  • Operating cash flow of ($18.4) billion; cash and marketable securities of $25.6 billion
  • Total backlog of $363 billion, including more than 4,000 commercial airplanes
  • Strengthening safety processes, improving performance, managing liquidity and transforming for the future 
Table 1. Summary Financial ResultsFourth QuarterFull Year
(Dollars in Millions, except per share data)20202019Change20202019Change
Revenues$15,304$17,911(15)%$58,158$76,559(24)%
GAAP
Loss From Operations($8,049)($2,204)NM($12,767)($1,975)NM
Operating Margin(52.6)%(12.3)%NM(22.0)%(2.6)%NM
Net Loss($8,439)($1,010)NM($11,941)($636)NM
Loss Per Share($14.65)($1.79)NM($20.88)($1.12)NM
Operating Cash Flow($4,009)($2,220)NM($18,410)($2,446)NM
Non-GAAP*
Core Operating Loss($8,377)($2,526)NM($14,150)($3,390)NM
Core Operating Margin(54.7)%(14.1)%NM(24.3)%(4.4)%NM
Core Loss Per Share($15.25)($2.33)NM($23.25)($3.47)NM
*Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 6, “Non-GAAP Measures Disclosures.”

The Boeing Company [NYSE: BA] reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX customer considerations charge in the quarter compared to the same period last year (Table 1). GAAP loss per share of ($14.65) and core loss per share (non-GAAP)* of ($15.25) reflected a $6.5 billion pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge. Boeing recorded operating cash flow of ($4.0) billion. 

“2020 was a year of profound societal and global disruption which significantly constrained our industry. The deep impact of the pandemic on commercial air travel, coupled with the 737 MAX grounding, challenged our results. I am proud of the resilience and dedication our global team demonstrated in this environment as we strengthened our safety processes, adapted to our market and supported our customers, suppliers, communities and each other,” said Boeing President and Chief Executive Officer Dave Calhoun. “Our balanced portfolio of diverse defense, space and services programs continues to provide important stability as we lay the foundation for our recovery. While the impact of COVID-19 presents continued challenges for commercial aerospace into 2021, we remain confident in our future, squarely-focused on safety, quality and transparency as we rebuild trust and transform our business.”

The return to service of the 737 MAX in the U.S. and several other markets was an important step, and Boeing continues to follow the lead of global regulators and support its customers. Since the FAA’s approval to return to operations, Boeing has delivered over 40 737 MAX aircraft and five airlines have safely returned their fleets to service as of January 25, 2021, safely flying more than 2,700 revenue flights and approximately 5,500 flight hours.

Boeing now anticipates that the first 777X delivery will occur in late 2023. This schedule, and the associated financial impact, reflect a number of factors, including an updated assessment of global certification requirements, the company’s latest assessment of COVID-19 impacts on market demand, and discussions with its customers with respect to aircraft delivery timing.

Click the link below to read the full press release!

https://boeing.mediaroom.com/2021-01-27-Boeing-Reports-Fourth-Quarter-Results

EVA Air to Cut Down Cross-Strait Route Network to 5 Destinations in China

February 8, 2020 /
  • Starting from February 10th to April 29th, EVA will cut down its cross-strait route network to five destinations in China in compliance with Taiwan government’s epidemic prevention policy. Please refer to the details.

In compliance with Taiwan government’s epidemic prevention policy, EVA Air is reducing flights to / from Mainland China. Starting from February 10th to April 29th, EVA will cut down its cross-strait route network to five destinations in China, including Beijing, Shanghai Pudong, Shanghai Hongqiao, Xiamen and Chengdu.

EVA is working on the flight cancellation for February and updating the information on its website. The schedule changes for March and April will be announced next week. 

For the latest schedule update as well as related rules of ticket refund, itinerary change and service charge exemption, passengers can visit EVA’s dedicated webpage for the flights affected by the novel coronavirus outbreak: 

https://www.evaair.com/en-global/emer/2019-nCoV.html

Ford Expects $2.2 Billion Pre-Tax Hit Related to Pension Plans in fourth quarter

January 22, 2020 /
FILE PHOTO: The corporate logo of Ford is seen at Brussels Motor Show

(Reuters) – Ford Motor Co <F> said on Wednesday its fourth quarter results will be hit by a pre-tax loss of about $2.2 billion (1.7 billion pounds) due to higher contributions to its employees pension plans.

The charge is largely related to a drop in discount rates, the company said, as that leads to an increase in the amount of money to be contributed for future pension benefits.

The U.S. automaker said it will record a $2 billion loss related to pension plans outside the United States and a $600 million loss associated with other post-retirement employee benefits plans globally.

However, the overall loss was offset by a $400 million gain associated with pension plans in the United States.

On an after-tax basis, the loss is expected to reduce Ford’s net income by about $1.7 billion in the fourth quarter. The loss will not impact the adjusted earnings per share as it is a special item, the company said.

(Reporting by Dominic Roshan K. L. in Bengaluru; Editing by Arun Koyyur)

United Airlines to Record $90 Million Charge Related to Hong Kong Routes

January 7, 2020 /

(Reuters) – United Airlines Holdings Inc <UAL> said on Tuesday it expects a non-cash impairment charge of $90 million in the fourth quarter related to its Hong Kong routes, following anti-government protests in the city.

The Hong Kong protests escalated in June over a now-withdrawn extradition bill, but have since developed into a broader movement.

“Due to a decrease in demand for the Hong Kong market and the resulting decrease in unit revenue, the company determined that the value of its Hong Kong routes had been fully impaired,” the U.S. carrier said.

Several airlines including India’s SpiceJet Ltd <SPJT>, Malaysia’s AirAsia Group Bhd <AIABF>, South Korea’s JejuAir Co Ltd <089590> reduced the number of flights to the city in the fourth quarter as the protests grew increasingly violent, disrupting daily life.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)

Nissan Launches Electric Pickup Truck Through JV in China

July 16, 2019 /

While we are impatiently waiting for Tesla, Rivian, and others to bring their electric pickup trucks to market here in North America, China is already getting some.

Nissan is launching a new electric pickup truck through a Dongfeng joint venture in China: the Dongfeng Rich 6 EV.

With its aggressive zero-emission mandate, China has forced automakers to accelerate their deployment of all-electric vehicles in the country.

Several of them are now making EVs just for the Chinese market.

Click the link for the full story! https://electrek.co/2019/07/16/nissan-electric-pickup-truck-dongfeng-rich-6-ev/

Fiat Chrysler Signs EV Charge Point Deals with Enel, Engie

June 14, 2019 /
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan

MILAN (Reuters) – Carmaker Fiat Chrysler (FCA) has signed an agreement with European utilities Enel and Engie to help offer its customers charging points for electric vehicles (EV) it is planning to roll out.

FCA, which is lagging rivals in developing electrified vehicles, said last June it would invest 9 billion euros ($10 billion) over the next five years to introduce hybrid and electric cars across all regions.

Last month, the Italian-American carmaker proposed a merger with French rival Renault in part to share the costs of developing a new series of electric cars. Merger talks collapsed earlier this month.

In a statement, FCA said the main aim of its partnerships with Enel and Engie was to be able to offer private and public charging stations to support the sales of its soon-to-be-launched fully electric Fiat 500 BEV and plug-in hybrid Jeep Renegade PHEV.

“We are assembling an eco-system of partners, products and services across multiple markets to meet and exceed the rapidly evolving expectations of our customers for electrified vehicles,” FCA Chief Executive Mike Manley said.

The deal also includes developing services such as apps to allow clients to locate public charging points.

Enel, through its Enel X unit, will work with FCA in Italy, Spain and Portugal, while Engie will work with the carmaker in 14 other European markets.

(Reporting by Stephen Jewkes; Editing by Mark Potter)

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