Tag: Commercial (Page 1 of 27)

Akasa Air orders 150 more Boeing 737 MAX aircraft

January 19, 2024 / WIL BALDWIN

Hyderabad, India, January 18, 2024 – Boeing (NYSE: BA) and Akasa Air announced today the Indian carrier has placed a follow-on 737 MAX order, confirming 150 more fuel-efficient jets in its order book. The purchase of 737-10 airplanes and additional 737-8-200 jets by India’s all-737 operator was revealed at the Wings India 2024 airshow.

Akasa Air will leverage the 737 MAX family to expand its domestic and international network in the coming years. Since launching operations in 2022, the airline has captured approximately 4% of India’s domestic market, serving 18 destinations with a fleet of 22 737 MAX jets. Both 737 MAX variants will provide Akasa Air with added capacity and range on new and existing routes, while reducing fuel use and carbon emissions by 20% compared to older-generation airplanes.

As Akasa Air looks to expand its network in India and South Asia, Boeing’s 2023 Commercial Market outlook forecasts delivery of 2,705 new commercial airplanes over the next 20 years for the region, of which nearly 90% will be single-aisle jets. This order finalized in December 2023 and was unidentified on the Boeing Orders & Deliveries website.

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.

MD Helicopters announce record orders for 2023

January 18, 2024 / WIL BALDWIN

Mesa, Arizona, January, 2024 – MD Helicopters, LLC (MDH) proudly announces record orders for the fiscal year 2023. The company experienced an increase in demand, resulting in the highest number of annual orders since 2008. MD Helicopters credits this accomplishment to its renewed commitment to customer satisfaction, enhancing aftermarket services, and striving for excellence in both the military and commercial sectors. The company’s focus and unwavering dedication to providing top-tier products and services have resonated with customers worldwide and across various markets, resulting in the substantial growth observed in 2023.

Among the key contributing factors to this success are significantly improving customer support, increased investment in direct communications with customers, enhancing manufacturing efficiencies, ensuring in-stock spares availability, and maintaining healthy supplier relationships. This strategic approach has not only strengthened MDH’s market position but has solidified its reputation as a rotorcraft industry leader.

In addition to the Nigerian Federal Government (12 aircraft) announced earlier this year, recent commercial transactions involved MD 530Fs designated for multi-use missions. These additions include VIP aircraft sales, featuring an expansion to the Clemens Aviation fleet, procurement by the United States Department of Agriculture for agricultural missions, and fulfilling various utility needs, such as those of WCF Aerospace, representing Skydance Helicopters that specializes in power and utility services, amongst others. MDH is actively pursuing a well-rounded approach, emphasizing both military and commercial sales and showcasing the positive impacts of the company’s recent changes.

Lockheed Martin Photography By Garry Tice 1011 Lockheed Way, Palmdale, Ca. 93599 Event: X-59 - Glamour Shoot Day Date: 12/12/2023 Additional Info:

Skunk Works® Rolls Out X-59, NASA’s Newest X-Plane

January 12, 2024 / WIL BALDWIN

Palmdale, California, January 12, 2024, PRNewswire – Lockheed Martin Skunk Works^® (NYSE: LMT) rolled out the X-59, a unique experimental aircraft designed to quiet the sonic boom, at a ceremony in Palmdale, California. The ceremony marked a significant milestone in Lockheed Martin’s and NASA’s decades-long journey to solve one of the most persistent challenges of supersonic flight, the sonic boom.

Rollout ceremonies are a long-standing aviation tradition, and in the case of the X-59, it celebrated technical advancements, collaboration and innovation that stemmed from years of research, development and production of a one-of-a-kind technology demonstrator aircraft that will reduce the loudness of sonic booms to a gentle thump.

Next, the aircraft will complete ground tests including engine-run and taxi tests before its next major milestone, first flight, later this year. After the aircraft is validated in initial flight tests, it will move into the acoustic testing phase. This phase will include flights over populated areas to provide U.S. and international regulators with statistically valid data required to help approve new rules that could allow quiet commercial supersonic flight over land. This would cut commercial flight times to half of what they are today, transforming travel for people around the world.

Forward-Looking Statements

Sierra Space on Built In’s 100 Best Large Places to Work in Colorado

January 9, 2024 / WIL BALDWIN

Louisville, Colorado, January 9, 2024 – Sierra Space, a leading commercial space company building the first end-to-end business and technology platform in space to benefit life on Earth, announced today that it was honored in Built In’s 2024 Best Places to Work Awards, earning a place on 100 Best Large Places to Work in Colorado. The annual awards program evaluates companies of all sizes, from startups to established enterprises, and honors a wide range of companies in large tech markets across the United States.

Built In determines the winners of Best Places to Work by using company data about compensation packages, total rewards and culture programs. Sierra Space won this industry accolade not only for its commitment to providing competitive salaries and comprehensive benefits packages, but also for fostering an engaging work environment and culture that is embraced by its 2,000 team members across seven states.

If you are excited about venturing into uncharted territories and are driven to being exceptional, Sierra Space has a place for you. We offer a broad range of diverse career opportunities across various corporate sectors. Join our team and collaborate with like-minded individuals who share a common goal: shaping the future of space exploration while advancing the greater good. Dare to dream at SierraSpace.com/Careers.

Boeing announces fourth quarter deliveries

January 9, 2024 / WIL BALDWIN

Arlington, Virginia, January 9, 2024 – The Boeing Company (NYSE: BA) announced today major program deliveries across its commercial and defense operations for the fourth quarter of 2023.

The company will provide detailed fourth-quarter financial results on January 31. Major program deliveries during the fourth quarter were as follows:

Contact:
Investor Relations: BoeingInvestorRelations@boeing.com
Communications: media@boeing.com

Forward-Looking Statements

Luxembourg, Historical city center in the morning, Aerial View

SkyWest orders 19 Embraer E175 aircraft for United Airlines operations

October 26, 2023 / WIL BALDWIN

Sao Jose dos Campos, Brazil, October 26, 2023 – Embraer (NYSE: ERJ) has agreed to the sale of 19 new E175 jets to SkyWest, Inc. (NASDAQ: SKYW) for operation in the United Airlines (NASDAQ: UAL) network, adding to the 90 E175 jets SkyWest already operates for United. The E175 aircraft will fly exclusively with United under a Capacity Purchase Agreement (CPA). The value of the contract, which has been included in Embraer’s Q3 backlog, is US$1.1billion, based on list price.

The 70-seat aircraft will be delivered in a three-class configuration. Deliveries will begin Q4 2024.

About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.

Southwest Airlines orders additional 108 Boeing 737 MAX jets

October 26, 2023 / WIL BALDWIN

Seattle, Washington, October 26, 2023, PRNewswire – Boeing (NYSE: BA) and Southwest Airlines (NYSE: LUV) announced today the carrier is increasing its commitment to the fuel-efficient 737 MAX family with an order for 108 737-7s. The new deal supports Southwest’s modernization strategy and provides flexibility to expand its fleet.

The 737 family has long served Southwest by helping fuel the airline’s continued growth. Southwest has placed over 300 orders for the 737-7, growing its orderbook to more than 500 737 MAX jets. Once certified, the 737-7 will join the carrier’s all-Boeing 737 fleet.

The 737-7 has the longest range in its class, capable of flying up to 3,800 nautical miles and carrying up to 172 passengers. The enhanced environmental performance of the 737 MAX allows carriers to reduce fuel use compared to the previous generation of airplanes. The 737 MAX is also quieter, creating a smaller noise footprint than older jets it replaces.

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, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Beechcraft King Air 360 reaches 100th delivery

October 18, 2023 / WIL BALDWIN

Wichita, Kansas, Business Wire, October 18, 2023 – Textron Aviation today announced the delivery of the 100th Beechcraft King Air 360 turboprop to the Comprehensive Blood and Cancer Center (CBCC), a longtime Textron Aviation customer. This delivery further solidifies the Beechcraft King Air’s place as the world’s most popular family of business turboprop aircraft.

The Beechcraft King Air 360/360ER is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company.

Nearly 7,800 Beechcraft King Air turboprops have been delivered to customers around the world since 1964, making it the world’s best-selling business turboprop family. The worldwide fleet has surpassed 62 million flight hours in its 59 years, serving roles in all branches of the U.S. military and flying both commercial and special mission roles around the world.

TAAG Angola Airlines to renew fleet with Boeing 787 Dreamliners

October 10, 2023 / WIL BALDWIN

Luanda, Angola, October 10, 2023, PRNewswire, – Boeing (NYSE: BA) and TAAG Angola Airlines announced today that the African carrier is adding the highly fuel-efficient 787 Dreamliner to its fleet with an order for four widebody jets.

TAAG Angola Airlines currently flies five 777-300ER (Extended Range) jets, three 777-200ER’s and seven 737-700’s to 12 destinations across Africa, Europe, South America and China.

Boeing’s Commercial Market Outlook for Africa projects that the continent will need 1,025 airplanes over the next two decades. Overall African air traffic growth is forecast at 7.4%, the third highest among global regions and above the global average growth of 6.1%.

Since revenue service began in 2011, the 787 family has launched more than 370 new nonstop routes around the world. The 787 Dreamliner reduces fuel use and emissions by 25% compared to the airplanes it replaces. Passengers enjoy a better experience with the largest windows of any jet, air that is more humid and pressurized at a lower cabin altitude for greater comfort, large overhead bins, soothing LED lighting, and technology that senses and counters turbulence for a smoother ride.

Allegiant Airlines secures financing for Airbus a320 ceo and Boeing 737 MAX aircraft

October 6, 2023 / WIL BALDWIN

Las Vegas, Nevada, October 3, 2023, PRNewswire – Allegiant Travel Company (NASDAQ: ALGT) announces financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas, Europe’s leading bank, and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.

The innovative $412M deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with healthy liquidity at an attractive cost in today’s market.

Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries.

Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319’s and A320’s.

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