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Tag: consolidation

Saab opens new radar production site in Fareham, Hampshire, England

September 9, 2023 /

Saab (SAAB-B.ST) UK’s Sensor Systems business operates from Saab’s site in Fareham, with a team also located in Farnborough. The skilled staff in Fareham primarily produce and integrate the new Deployment Set, a configuration of the Giraffe 1X highly mobile, compact, rapidly deployed, software-based, 3D AESA radar. This increases Saab’s production capacity for its Giraffe 1X Deployment Set and the first units are already in production at the Fareham site.

Saab UK’s Sensor Systems business will also act as a Centre of Excellence developing follow-on UK Intellectual Property in the radar domain. It will also grow to maintain existing radars in-service with the UK Ministry of Defence, such as Giraffe 1X and Giraffe AMB air defence radars and artillery locating MAMBA (Arthur) radars.

Saab UK’s Fareham site has been growing with the announcement in February 2023 of the expansion of its Underwater Systems business of Seaeye autonomous and remotely operated vehicles. Across the UK, Saab has eight principal sites which focus on software engineering, underwater robotics, training services, radars and more.

Saab UK’s presence has been growing at pace, with employee numbers quadrupling through consolidation, acquisition and organic growth, bringing together the best of Swedish and British innovation.

The whole site in Fareham benefits 400 jobs at Saab, in established and future roles across various business activities.

 

 

Delta Reduces Japan Flight Schedule Due To COVID-19

March 4, 2020 /
  • Customers with affected travel plans can go to the My Trips section of delta.com to help them understand their options.

Delta will reduce its weekly flying schedule to Japan through April 30 and suspend summer seasonal service between Seattle and Osaka for 2020 in response to reduced demand due to COVID-19 (coronavirus).

The health and safety of customers and employees is Delta’s top priority. The airline maintains an ongoing relationship with the Centers for Disease Control and Prevention and the World Health Organization, the world’s foremost experts on communicable diseases, to ensure training, policies, procedures, and cabin cleaning and disinfection measures meet and exceed guidelines. The latest information about Delta’s response to COVID-19 is here: news.delta.com/coronavirus

Flight schedule changes

Beginning March 7 for U.S. departures to Japan and March 8 for Japan departures to the U.S., the airline will operate the following schedule:

MarketPeak FrequencyFrequency March 7-April 30
Tokyo-DetroitDailyDaily
Tokyo-Los AngelesDailyDaily
Tokyo-HonoluluDailyDaily
Tokyo-SeattleDailyDaily
Tokyo-PortlandDaily3x weekly
Tokyo-AtlantaDaily5x weekly
Tokyo-MinneapolisDaily5x weekly
Nagoya-DetroitDaily3x weekly
Nagoya-HNLDaily3x weekly
Osaka-SeattleDailySuspended
Osaka-HonoluluDaily3x weekly
Tokyo-ManilaDailyDaily*

*ends March 27

Delta’s planned consolidation of Tokyo flights at Haneda Airport beginning March 28 will happen as planned. Flights between Seattle, Detroit, Atlanta, Honolulu and Portland will transition from Narita to Haneda beginning March 28 for departures from the U.S. to Tokyo, and March 29 for departures from Tokyo to the U.S. Delta’s Tokyo-bound flights from Minneapolis and Los Angeles already fly into Haneda and will continue to do so.

Delta’s service between Narita and Manila will continue to operate daily until March 27, after which the flight will be suspended as part of the carrier’s previously-announced consolidation at Haneda.  The airline’s new service from Incheon to Manila, previously scheduled to begin March 29, will now start on May 1.

The airline’s seasonal summer service between Seattle and Osaka will be suspended for the summer of 2020, with a planned return in summer 2021. Delta will continue to serve Osaka from Honolulu.

Full schedules will be available on delta.com beginning March 7. The airline will continue to monitor the situation closely and may make additional adjustments as the situation continues to evolve.

Latécoère Enters Into Agreement to Acquire Bombardier’s Electrical Wiring Interconnection System Business in Querétaro

January 1, 2020 /
  • Latécoère to acquire EWIS activities and related assets as well as a skilled workforce specializing in harnessing and electrical sub-assemblies in Querétaro
  • Agreement promotes long-term relationship with Latécoère and supports the optimization of Bombardier Aviation 
  • Bombardier continues to produce major structures at its high-tech main campus in Querétaro, including the aft fuselage for the Global family of jets

Latécoère and Bombardier announced that the companies have entered into a definitive agreement, whereby Latécoère will acquire Bombardier’s electrical wiring interconnection system (EWIS) assets in Querétaro, Mexico. The two companies also concluded a long-term supply agreement that will see Latécoère supply Bombardier with electrical wiring interconnection systems.

The transaction is subject to customary conditions and approvals and is expected to close in the first half of 2020.

Approximately 700 skilled employees are dedicated to the manufacture of EWIS at Bombardier’s facility in Querétaro. Under the long-term supply agreement, Latécoère will continue to supply the EWIS for all Bombardier Aviation platforms, including Global, Challenger and Learjet aircraft from the current location to support Bombardier’s requirements. The annual turnover of the business is anticipated to be around USD 80 million.

“This acquisition reflects our willingness to emerge as a leading player in the global consolidation movement in the aeronautics sector,” said Yannick Assouad, CEO of Latécoère. “We keep deploying our manufacturing footprint on an international scale with a strong desire to strengthen our presence in the areas closest to our customers,” she added.

“This agreement exemplifies Bombardier’s focus on streamlining its activities to foster a strong and efficient aviation franchise,” said Paul Sislian, Chief Operating Officer, Bombardier Aviation. “With Latécoère’s reputation for excellence, this new partnership will result in a winning combination for both our companies.”

Under the terms of the transaction, Latécoère will pay Bombardier a cash consideration of USD 50 million. The transaction further supports Bombardier Aviation’s transformation and sharpens the company’s focus on its core manufacturing capabilities. The skilled employees who manufacture the main harnesses and electrical subassemblies in Querétaro will bring years of experience and value to Latécoère. The sale will not impact the remainder of Bombardier’s operations at its Querétaro site, which will continue to produce major structures for Bombardier aircraft, such as the aft fuselage for the Globalfamily of business aircraft – including the company’s flagship Global 7500 jet – the most complex aircraft component manufactured in Mexico.

Is American Airlines Recession Proof?

October 22, 2018 /

In recent years, American Airlines (NASDAQ: AAL) CEO Doug Parker has been one of the most vocal advocates of the idea that industry consolidation has permanently transformed the U.S. airline business. Whereas airlines have historically lost huge sums of money during periodic industry busts, Parker has boasted that American Airlines will never lose money again.

Yet on the surface, management’s optimistic outlook seems to clash with a trajectory of declining profits at American Airlines. If the company is struggling to maintain its profitability in a robust economy, one could reasonably wonder how it would do in an economic downturn. Indeed, American Airlines stock is down 38% year to date, so investors clearly are skeptical.

Click the link below for the full story!

Is American Airlines Recession Proof?

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