Tag: conditions (Page 1 of 4)

Eve announces list of eVTOL suppliers

January 29, 2024 / WIL BALDWIN

Melbourne, Florida, January 29, 2024 – Eve Air Mobility (NYSE: EVEX) has named four additional suppliers for its electric vertical takeoff and landing (eVTOL) aircraft. Thales will supply a proven air data solution, comprising sensors and a computer while Honeywell (NYSE: HON) will supply guidance, navigation and external lighting for the aircraft. RECARO Aircraft Seating will supply the eVTOL’s seats and FACC will supply the horizontal and vertical tail including the rudder and elevator.

Honeywell will supply guidance and navigation products including magnetometers, GPS-aided attitude & heading reference systems, and inertial reference systems built upon decades of engineering and manufacturing experience. These systems will relay and aid the pilots and other onboard systems to ensure safe and efficient flight. The company will also supply external lighting for the aircraft.

Thales will supply a proven air data solution, comprising sensors and computer, which gather critical data such as airspeed, altitude and environmental conditions. The solution then relays the information to pilots and onboard systems to ensure safe and efficient flight in all weather conditions.

RECARO Aircraft Seating, a global supplier of premium aircraft seats for airlines, OEMs and eVTOL aircraft, was selected to design, certify and produce the four passenger seats and one pilot seat for the aircraft. RECARO is widely recognized for product innovation, award-winning customer service and commitment to reliability, efficiency and sustainable practices.

FACC was selected to lead the development and production of the eVTOL’s horizontal and vertical tail including its rudder, elevator and the aircraft’s aileron. FACC is recognized for its production of lightweight components relying on innovative manufacturing techniques and technology.

These new suppliers are in addition to Garmin (NYSE: GRMN), Liebherr Aerospace and Intergalactic that were announced in October and Nidec Aerospace LLC, a joint venture between Japan’s Nidec Corporation and Brazil’s Embraer SA (B3: EMBR3), BAE Systems PLC (London: BAES) and DUC Hélices Propellers which were announced at the Paris Air Show this past summer.

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.

Airbus and Republic of Singapore successfully complete air to air refuelling flight test

October 11, 2023 / WIL BALDWIN

Getafe, Madrid, Spain, October 11, 2023 – Airbus Group SE (Paris: AIR) and the Republic of Singapore Air Force (RSAF) worked together to successfully complete the automatic air-to-air refuelling (A3R) flight test campaign with the Airbus A330 Multi Role Tanker Transport (MRTT) and F-15 fighter, ahead of its certification in the first half of 2024.

Over the course of three weeks in August, a RSAF A330 MRTT made more than 500 automated wet and dry contacts with the air force’s full fleet of receiver aircraft, including the F-15SG aircraft, a customised variant of the US-built F-15E Strike Eagle air-to-ground fighter jet.

The flight tests with F-15SG were conducted in Singapore, covering the whole operational AAR envelope in different weather conditions under the supervision of the Spanish certifying authority, called INTA (National Institute for Aerospace Technology).

Garmin signs purchase agreement to acquire JL Audio Solutions

August 8, 2023 / WIL BALDWIN

Olathe, Kansas, August 7, 2023, PR Newswire – Garmin Ltd. (NYSE: GRMN), today announced it has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers.

With over four decades of experience, JL Audio offers premium audio products and accessories, including speakers, amplifiers, subwoofers and other audio components.

JL Audio is headquartered in Miramar, Fla., and employs more than 600 associates. The completion of this acquisition is expected to occur by the end of 2023 and is subject to customary regulatory approvals and closing conditions. All existing JL Audio products will continue to be supported post-closing, and customers can expect to continue receiving the same great customer service. Financial terms of the acquisition will not be disclosed.

A.P. Moller – Maersk reports robust Q2 financial results in difficult market

August 7, 2023 / WIL BALDWIN

Copenhagen, Denmark – A.P. Moller – Maersk (OTC: AMKBY) reports a second quarter of 2023 ahead of expectations, while the ongoing market normalisation continued through the quarter leading to lower volumes and lower rates. Revenue stood at USD 13.0bn compared to USD 21.7bn in Q2 2022 while profitability was strong at 12.4% although significantly lower compared to the extraordinarily strong Q2 2022. Reflecting the strong first half performance, Maersk raises its financial outlook and now expects underlying EBITDA of USD 9.5 – 11.0bn (previously USD 8.0 – 11.0bn), underlying EBIT of USD 3.5 – 5.0bn (previously USD 2.0 – 5.0bn) despite a weakened second half market outlook.

Ocean revenue decreased to USD 8.7bn from USD 17.4bn driven by a decrease in freight rates and loaded volumes. While the volume and rate environment stabilized at a lower level during Q2, Ocean continued to be impacted by lower demand, driven by a significant inventory correction in particular in North America and Europe. A strong cost management allowed to partially offset the top line impact on financial performance in Ocean.

Revenue in Logistics & Services was USD 3.4bn compared to USD 3.5bn. The segment was also impacted by lower volumes due to the continued destocking and weaker consumer demand, as well as low rates. As in Ocean, market demand is expected to continue to be subdued as long as the inventory correction is ongoing.

Revenue in Terminals decreased to USD 950m from USD 1.1bn and was influenced by the normalisation of storage revenue and lower volumes amid lower consumer demand and less congestion in North America. Strong cost control contributed to a continued solid financial performance.

Finnair redeems its hybrid bond issued in 2020

August 1, 2023 / WIL BALDWIN

Finnair Plc (OTC: FNNNF) announces that it will exercise its right to redeem its EUR 200 million capital securities issued on 3 September 2020 (ISIN: FI4000441860) (the “Capital Securities“).

The Capital Securities will be redeemed in full on 1 September 2023 (the “Redemption Date“) in accordance with the terms and conditions of the Capital Securities. On the Redemption Date, the Company will pay to the holders of Capital Securities a redemption price equal to the principal amount of the note together with any accrued interest to, but excluding, the Redemption Date.

This notice of redemption is irrevocable and is given to the calculation agent and holders of the Capital Securities in accordance with the terms and conditions of the Capital Securities.

Air Tahiti Nui announces Club Tiare promotion on flights from Papeete to Japan

July 8, 2023 / WIL BALDWIN

Air Tahiti Nui resumes flights from Papeete to Japan starting on October 30, 2023. This is your chance to discover or rediscover this beautiful destination! From June 26 to July 26, 2023, take advantage of our promotional offer for two people on your award tickets.

Redeem for a R/T award ticket and travel with a companion at 50% discount on the second award ticket.

Get your reward now :
Moana economy 1st award ticket 80 000 miles / 2nd award 40 000 miles
Moana premium 1st award ticket 120 000 miles / 2nd award 60 000 miles
Poerava business 1st award ticket 160 000 miles / 2nd award 80 000 miles

Don’t wait any longer to plan your next vacation to the land of the rising sun!

Conditions apply:

Travel in Moana Economy, Premium Economy or Business Poerava and get 50 miles discount.

Offer is valid on a round-trip award PAPEETE TOKYO or v.v.

Must be 2 people travelling together on the same journey and class of service.

Sales period: Redeem your award between June 26th and July 26, 2023.

Travel dates: From October 30, 2023, to June 30, 2024.

Validity: Maximum stay is up to 12 months after departure.

Changes: Not permitted after tickets have been issued.

Cancellation/No show: Tickets are non-refundable. Check special conditions upon reservation in case of cancel /refund/ no show the day of departure

Infant/Child: No discount applicable for infants or children.

Reservation Class: U, I and FFor more information, please contact your local Air Tahiti Nui travel advisor

Japan Central Railroad Releases 2022 Operations plan

January 17, 2022 / WIL BALDWIN

The Japan Central Railroad has released the operation plan of the Tokaido Shinkansen for consideration of customer usage conditions.

Operation plan from January 1st to January 31st

Operation plan from February 1st to February 28th

*We will inform you of the operation plan after March as soon as it is decided.

https://global.jr-central.co.jp/000041678.pdf

Lufthansa Group Successfully Secures Further Liquidity on the Capital Market

November 10, 2021 / WIL BALDWIN

Third corporate bond of 1.5 billion euros issued in 2021
Lufthansa Group takes advantage of favorable market conditions
Placement with two maturities of two and five-and-a-half years complements Lufthansa Group’s maturity profile

Deutsche Lufthansa AG (OTC: DLAKY) has again successfully issued a bond with a total volume of 1.5 billion euros. The bond, with a denomination of 100,000 euros, was placed in two tranches with terms of two and five-and-a-half years respectively. The tranche with a term until 16 November 2023 has a volume of 600 million euros and bears interest of 1.625 percent per year. The tranche with a term until 16 May 2027 has a volume of 900 million euros and bears interest of 2.875 percent. The two tranches over two and five-and-a-half years fit perfectly into the Group’s maturity profile.

Remco Steenbergen, Chief Financial Officer of Deutsche Lufthansa AG, stated: “The long-term funds, which were again raised at attractive terms, will be used to further strengthen the Lufthansa Group’s liquidity and refinance existing debt. This placement is one of several successful capital market transactions that we have executed since the end of last year and will further contribute to the full repayment of the government stabilization measures in Germany.”

Collins Enhanced Vision Sensor Selected for Airbus Family of Aircraft

August 11, 2021 / WIL BALDWIN

Collins Aerospace’s next-generation Enhanced Vision Sensor has been selected to be integrated into Airbus’ Enhanced Flight Vision System (EFVS). EFVS will become a selectable option on Airbus commercial aircraft, expanding approach capability and increasing flight situational awareness during reduced visibility conditions. The EFVS option, with the Collins EVS sensor, will be offered first on the A320 aircraft, with the intention to offer this solution on other platforms in the future.

The EFVS will use input from the Collins Aerospace sensor, mounted on the nose of the aircraft, to create an augmented reality view of the outside world. The sensor uses multiple infrared and visible light cameras to “see through” poor visibility conditions better than the human eye. When the pilots view this camera video on head-up displays, it allows them to better identify the runway environment in all weather conditions — helping pilots overcome many flight disruptions often created by fog or precipitation. In addition, because the technology enables pilots to reduce delays on the runway and in the air, it actively reduces the amount of carbon emissions created by the aircraft.

In addition, EFVS will also ease instrument to visual transition and provide enhanced situational awareness, in particular for “night Visual Meteorological Conditions (VMC)” conditions, and/or terrain, as well as lateral alignment on the runway, traffic and runway surface identification.

The next-generation EVS sensor will also be available for retrofit on existing in-service Airbus aircraft.

Qantas and Jetstar Meet Strong Domestic Demand with More Aircraft and Flights

June 20, 2021 / WIL BALDWIN

The Qantas Group is preparing for continued growth in domestic travel demand, with additional aircraft to be made available for Qantas and Jetstar flying.

Additional E190’s for QantasLink

The national carrier today announced an expansion of its three-year deal with Alliance Airlines, which provides QantasLink with capacity using Alliance’s Embraer E190 regional jet aircraft and the flexibility to respond to changing market conditions.

The expanded agreement will see the airline increase its options under this deal from 14 jet aircraft to a total of 18. Of this, three are already flying with another five to enter service by October. The E190s will be painted in QantasLink livery and are part of Qantas growing its domestic capacity to at least 107 per cent of pre-COVID levels in FY22.

The first of the 94-seat E190 jets started flying on the QantasLink network last month. The jet’s five-hour range makes it well suited to linking regional centres with smaller capital cities. The introduction of E190s also frees up Qantas’ Boeing 737 aircraft to be redeployed across the domestic network, enabling the airline to launch a number of new routes and add frequencies on existing ones.

Canberra-Adelaide is the latest route to benefit from additional flights made possible by the E190, with frequencies to double from nine per week to 18 per week from mid-July.

Jetstar boosts its Australian-based A320 fleet

Demand for low-cost leisure travel remains strong due to closed international borders and structural changes in Australia’s aviation market. As a result, Jetstar’s Australian domestic network is set to grow to 120 per cent of its pre-COVID schedule in FY22.

To help meet the increased demand, three Airbus A320 aircraft will be temporarily redeployed from Jetstar Asia in Singapore while international travel in the region faces a slower recovery.

These aircraft join the six Airbus A320 aircraft on loan to Jetstar Airways from Jetstar Japan and up to five Boeing 787-8 aircraft set to operate domestically until international travel resumes.

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