Tag: contracts (Page 1 of 3)

Air Lease Corp. announces $300 million deal for Five Boeing 737 Aircraft with Royal Air Maroc

August 22, 2023 / WIL BALDWIN

Los Angeles, California, Business Wire – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800. The new aircraft are scheduled to deliver to the Moroccan flag carrier in 2024 from ALC’s order book with Boeing. These new contracts are augmenting already placed ALC owned aircraft operated by RAM.

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

This press release 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.

Leonardo lands new helicopter contracts in Latin America at LABACE 2023

August 13, 2023 / WIL BALDWIN

Sao Paulo, Brazil, August 10, 2023 – Leonardo (OTC: FINMY) confirms its leading position in the private helicopter transport market with new contracts in Latin America announced during official ceremonies held at LABACE 2023.

A distributor Agreement was signed at LABACE 2023 between Leonardo and Gruppomodena S.A. for the civil market in Uruguay and Argentina including, an order for two AW119Kx and an order for one AW109 GrandNew for a private operator in Brazil
Official distributor in Brazil for the AW09 latest generation single engine, Gualter Helicopters signs for three aircraft with private operators
Leonardo’s growth continues to leverage the Agusta brand’s exclusive solutions in the VIP/corporate market and through the new Service and Logistic Centre in Itapevi

Gruppomodena S.A. has been appointed official distributor of Leonardo helicopter types including the AW119Kx, AW109 legacy, AW169 and AW139 for the civil markets in Uruguay and Argentina. The distributor has also signed a contract for two AW119Kx single engine helicopters. A major player in Latin America for helicopter services, this partner is also an established operator of AW109 and AW139 helicopters for a range of roles including passenger transport, offshore transport, and rescue as well as an authorised service centre for the reference market. In addition, another private operator has placed an order for one AW109 GrandNew light twin engine helicopter, which will be operated in Brazil. All of these light helicopters announced at LABACE will feature customised VIP interiors and will be used for private/corporate transport in the relevant locations.

Furthermore, Leonardo’s distributor for the latest generation AW09 single engine model in Brazil, Gualter Helicopters (Aero Service Representação) has signed contracts for three aircraft for executive transport with three different end-users in the country. These latest achievements for the AW09 in Brazil come two months after the appointment of Gualter Helicopters, which had signed preliminary sales contracts for 20 units in March, providing evidence of the already anticipated strong interest from potential operators in acquiring the new type. Acquired three years ago by Leonardo, the AW09 perfectly complements Leonardo’s product range in the Long Light Single segment, introducing an all-new design aircraft to sustain long-term competitive positioning in this weight category.

With a 45% share over the last ten years, Leonardo is the world leader in the twin-engine VIP/corporate helicopter market including private, charter and VVIP/Government transport services, thanks to the most modern and largest product range. More than 900 Leonardo VIP/corporate helicopters are flying today globally, approximately 25% are based in Latin America. Leonardo is also leveraging the Agusta brand for today’s and future VIP market initiatives. This brand exemplifies the unique combination of best in class performance, latest technology, comfort and Italian style widely recognised in the market for Leonardo’s VIP-configured helicopters, delivering a unique service and flight experience. Moreover, operators benefit from the all new Service and Logistic Centre in Itapevi (São Paulo), which has allowed to further increase the level of quality localised technical assistance over the last two years, with the potential for a future expansion.

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.

Rex intends to be aerial operator for Australian Antarctic Division

July 15, 2023 / WIL BALDWIN

Regional Express Group (Rex) has revealed that it has submitted a response to the Request for Information (RFI) issued by the Australian Antarctic Division (AAD) as a precursor to Rex’s intention to be the next aerial operator of the Australian Antarctic Program.

The Program is the most ambitious ever in AAD’s history and looks at bringing together all the highly specialised aerial operations under one operator’s command. The Program calls for significantly expanded capabilities comprising one large intercontinental passenger jet capability, four intracontinental turbo-prop aircraft able to operate on skis, four twin-engine helicopters which can operate both on land and on the Division’s flagship the RSV Nuyina, plus a significant scaling up of Uncrewed Aerial System (UAS) capability for the Division’s operations during the Antarctic Austral Summer (October to March).

Recognising the unique challenges of operating in the Antarctic environment, Rex has assembled an Antarctic Advisory Panel (AAP) comprising the foremost experts in this field with in-depth and practical knowledge of actual aerial operations to the Antarctic as well as design expertise on adapting aerial platforms with skis suitable for landing on unprepared terrain on the Antarctic Continent.

The AAP has guided Rex’s response to the RFI and will spend the next five months preparing the optimal solution ahead of the Request for Tender expected in November this year.

Rex intends to lead a consortium of industry partners that will operate some aspects of the Program that require more specialised expertise.

Rex is Australia’s largest independent regional and domestic airline operating a fleet of 58 Saab 340 and 7 Boeing 737-800NG aircraft to 57 destinations throughout all states in Australia. In addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation (air freight, aeromedical and charter operator), the Australian Airline Pilot organisation, Australian Aerospace Propeller Maintenance. Rex is also a 50% shareholder of National Jet Express (NJE), a premier Fly-In-Fly-Out (FIFO), charter and freight operator.

CAF awarded contracts in Italy worth more than 150 million euros

July 8, 2023 / WIL BALDWIN

Three Italian cities, Cagliari, Naples and Palermo have placed their trust in CAF to make resolute progress in their sustainable urban transport transformation initiatives. The CAF Group will supply electric buses to Cagliari in Sardinia, metro units to Naples and tram units to Palermo, the capital of Sicily. These contracts are testament to CAF’s strong value offer as a supplier of a wide range of zero-emission urban transport solutions. The total of the three aforementioned contracts amounts to a value of over 150 million euros.

Hitachi and Alstom Win Order to Build and Maintain High Speed Two Trains in Britain

December 10, 2021 / WIL BALDWIN

Alstom (OTC: ALSMY) and Hitachi Rail have today confirmed that the Hitachi-Alstom High Speed (HAH-S) 50/50 joint venture has signed contracts with High Speed Two (HS2) to design, build, and maintain the next generation of very high speed trains for HS2 Phase 1 as part of the £1.97 billion contract, including an initial 12-year train maintenance contract.

The UK’s two leading train manufacturers will deliver Europe’s fastest operational train, capable of operating at maximum speeds of 225mph (360 km/h), significantly reducing journey times for passengers. The fleet will be 100% electric, and be one of the world’s most energy efficient very high speed trains due to the lower train mass per passenger, aerodynamic design, regenerative power and latest energy efficient traction technology.

In a major boost to grow and rebalance the economy, the HAH-S joint venture will manufacture the 54 trains at newly enhanced facilities in County Durham, Derby and Crewe. The award to the British-based firms will protect and create thousands of green jobs and add £157 million GVA to the UK economy for every year of the train building phase.

The new 200m-long, 8-car trains are set to run in Phase 1 of the project between London and Birmingham, and on the existing network, and will dramatically increase capacity and connectivity between towns and cities across the country including Stoke, Crewe, Manchester, Liverpool, Carlisle, Motherwell and Glasgow. They will have a major impact in reducing carbon emissions from transport by encouraging people away from fossil fuelled cars and planes, and onto rail.

Pentagon and Lockheed Martin Agree To F-35 Sustainment Contracts

September 16, 2021 / WIL BALDWIN

FORT WORTH, Texas, Sept. 13, 2021 /PRNewswire/ — The F-35 Joint Program Office awarded the Lockheed Martin (NYSE: LMT) industry team annualized contracts covering fiscal years 2021-2023 to support operations and sustainment of the global F-35 fleet, supporting mission readiness and further reducing costs.

The annual contracts fund critical sustainment activities for aircraft currently in the fleet and build enterprise capacity to support the future fleet of more than 3,000 F-35 aircraft. This includes industry sustainment experts supporting base and depot maintenance, pilot and maintainer training, and sustaining engineering for the U.S. and our allies across the globe. It also covers fleet-wide data analytics and supply chain management for part repair and replenishment to enhance overall supply availability for the fleet.

The FY2021-2023 contracts represent a planned next step in further reducing overall operations and support costs for the F-35 program, which are shared between government and industry. Lockheed Martin has reduced our cost per flight hour by 44% in the past five years, with a forecasted reduction of an additional 40% in the next five years. The cost savings in the FY21-23 annualized sustainment contracts support Lockheed Martin’s efforts to realize these goals. The savings will be achieved through improved cost and velocity in our supply chain, continued reliability improvements, and greater manpower efficiencies to provide product support solutions across the growing, global fleet. We remain committed to partnering with our customers and teammates to drive F-35 sustainment costs down.

The contracts also pave the way for a longer-term, Performance Based Logistics (PBL) agreement for the F-35 program. PBLs are an industry best practice, facilitating agile sustainment solutions for the fleet and incentivizing even further affordability and performance results.

The F-35 Joint Program Office, together with each U.S. service, international operators and the F-35 industry team, leads F-35 sustainment and the Global Support Solution. The 2021 annualized sustainment contract will cover industry sustainment activities through Dec. 31, 2021.

MD Helicopters Secures $43.9 Million in Army Contracts

June 23, 2021 / WIL BALDWIN

MD Helicopters, Inc. (MDHI) announces two independent contract awards worth $43.9 million from Army Contracting Command-Redstone supporting the Afghan Air Force’s MD 530F Cayuse Warrior light attack helicopters.

The first contract, a six-month extension worth $14.5 million, continues MDHI’s longstanding efforts to provide program management, and contractor logistics support (CLS) services, material, and remote operations to support the Afghan fleet. Work will take place in Mesa, Arizona; Kabul, Afghanistan; and Al-Ain, United Arab Emirates. The contract was awarded on May 28, 2021.

The second contract, worth $29.4 million, modifies MDHI’s original maintenance capabilities support contract. Under this six-month contract, MD Helicopters will provide continued maintenance, repairs, updates, and overhauls of the Afghan Air Force’s MD 530F Cayuse Warrior helicopters in Mesa, Kabul, and Al-Ain. The contract was awarded on June 10, 2021.

The enhanced MD 530F Cayuse Warrior is a light armed attack helicopter respected for its power, safety, speed, agility, and unparalleled confined area capabilities. The aircraft supports a wide range of training and operational missions, providing safe, efficient multi-mission support with an increased performance profile.

Leonardo Technology Chosen for Milan, Italy Airport Systems

February 13, 2021 / WIL BALDWIN

Leonardo has strengthened its market position in the airport sector by signing contracts with SEA and SACBO, the respective management companies for Milan Malpensa and Milan Bergamo airports. Malpensa and Bergamo are the second and third busiest airports in Italy.

At Milan Malpensa, Leonardo will replace most of the existing baggage handling infrastructure with a high-tech new system. This will bring the Terminal 1 baggage handling system in line with the new European Civil Aviation Conference (ECAC) ‘Standard 3’, which requires baggage to be subject to rigorous security checks prior to being loaded onto the aircraft. Components of the system will be replaced gradually in order to ensure continuity of services for passengers.

Once fully operational, the system will comprise two MBHS® (Multisorting Baggage Handling System) cross-belt sorters, approximately two and a half kilometres of belts and associated equipment. The new technology will seamlessly interface with the existing system, ensuring that baggage is identified and tracked right from the collection phase at check in and transfers, through to delivery to the final sorting system.

SEA has also chosen Leonardo to provide a surveillance system at Milan Malpensa, primarily to support the management of aircraft and other vehicles in the ground manoeuvring area. The five-year project is based on an “Extended Squitter – Ground Station Network” ADS-B (Automatic Dependent Surveillance – Broadcast) system: 14 fixed stations integrated with 100 VeTWEET transponders on-board airport vehicles. The solution will include a redundant communication system based on the Aeronautical Mobile Airport Communication System (AeroMACS), a wireless broadband technology. AeroMACS has been developed under the SESAR (Single European Sky ATM Research) joint R&D initiative, the technological pillar of Europe’s ambitious Single European Sky (SES) initiative. The innovative technology being supplied by Leonardo is fully compliant with the specifications defined by the International Civil Aviation Organization (ICAO) for a “Mission Critical” environment such as an airport.

In another new contract, Leonardo’s technology has also been chosen by management company SACBO to bring the baggage handling system at Milan Bergamo airport in line with ECAC ‘Standard 3’. This new system will include a Leonardo MBHS® cross-belt sorting machine, providing for the smooth and accurate handling of baggage.

Leonardo is committed to supporting and protecting people and communities all over the world and contributing to sustainable growth via latest-generation technologies, including those in air traffic management and airport logistics. In line with its “Be Tomorrow 2030” strategic plan, the company works towards these goals alongside governments, individuals and industrial partners nationally and internationally.

SEA continues to invest in technology to make passenger journeys ever safer and faster.

ATR Appoints Tiziana Masullo as Managing Director and President of ATR Americas

February 9, 2021 / WIL BALDWIN

Toulouse, 9 February, 2021 – ATR has appointed Tiziana Masullo Managing Director and President of ATR Americas, a subsidiary of ATR, effective from December 2020. Based in Miami, Tiziana previously served as Vice President of Services Sales and Contracts, and succeeds Jurgen Lebacs. Tiziana will oversee a staff of 32 people, covering the following areas: Technical support and Safety, Training and Flight Ops, Services Sales and Contracts, Customer Material Support, GMA & Repairs, CSDs and FSR, Finance and Human Resources.

After graduating from ITC Serra with a diploma in Foreign Languages and Literature, Tiziana began her career with Leonardo, before moving to ATR where she has spent 27 years. With a lengthy background and many leadership positions in Training, Flight Operations and Services Sales, as well as Contract Negotiation, Tiziana brings a wealth of experience to her new role. She is also the first woman to lead one of ATR’s subsidiaries.

Tiziana has two children, David who is 22 years old and is studying sociology at London School of Economics in London, and Nikita who is 18, who lives in Miami studying to be a veterinary assistant.

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