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Tag: Deutschland

Stadler Assessment of the First 100 Days of New Berlin and Brandenburg S-Bahn Trains

Berlin’s new S-Bahn trains are a hundred days old, yet already proving highly reliable. The new 483/484 series has passed its baptism of fire and also proved itself during the spell of cold winter weather in February: The trains successfully defied snow, ice, and wind.

The first train punctually entered service at 0.01 a.m. on New Year’s. Since then, the ten pre- series trains have been running on Line S47 (Spindlersfeld – Hermannstraße) and have replaced the old 485 series trains.

With the new trains, S-Bahn Berlin not only offers its passengers greater comfort, but also provides more capacity for our customers. When all the 21 two-car units and 85 four-car units ordered from Siemens Mobility and Stadler have been delivered by the end of 2023, a total of 106 new quarter trains will be in operation.

Beginning this summer, the first series trains will be delivered and join the 483/484 fleet once they have been accepted.

Boeing, Honeywell and Rolls-Royce Deutschland Partner to Service Chinook Engines

Boeing [NYSE: BA], Honeywell Aerospace and Rolls-Royce Deutschland Ltd. have reached an agreement to provide in-service support of the T-55 engine should the government of Germany select the H-47 Chinook for its Schwerer Transporthubschrauber (STH) heavy-lift helicopter requirement.

Since the forming of the Chinook Germany Industry Team in 2018, originally comprised of nine German companies, Boeing continues to build a strong industry team to provide the Luftwaffe with local long-term services support, maintenance and training of the Chinook over the next several decades. In addition, Boeing’s industrial plan will foster German economic growth while creating highly skilled jobs in country.

“The partnership between Honeywell, Rolls-Royce Deutschland and our industry team members provides an established local supply base for around-the-clock parts availability, NATO interoperability and streamlined aircraft maintenance procedures,” said Michael Hostetter, vice president of Boeing Defense, Space & Security in Germany. “The Luftwaffe will have access to training and sustainment solutions that ensures the H-47 Chinook’s readiness for any mission.”

Under the agreement, Honeywell will license Rolls-Royce Deutschland as its partner in Germany to perform depot-level maintenance of the Chinook T-55 engine operated by the Luftwaffe.

Our partnership with Boeing and Rolls-Royce Deutschland will provide the Luftwaffe with access to a world-class maintenance and repair and overhaul facility for the T-55 in Germany. The in-country location will also ensure fast and flexible reactions to cater to the demanding needs of the Luftwaffe.

The H-47 Chinook is the most advanced transport rotorcraft in the United States Army inventory. With a proven track record of performance and versatility unmatched by any other heavy-lift aircraft, the Chinook provides Germany with the most modern, affordable solution ready to operate today. As chosen by NATO nations Canada, Greece, Italy, Spain, Turkey, the Netherlands, the United Kingdom and the United States, the Chinook gives Germany interoperability that other helicopters cannot while meeting a wide range of mission needs. 

Boeing has an established and growing presence in Germany. The company is a strong contributor to the German economy with more than 1,000 employees at 11 sites from Hamburg to Munich and sustains thousands of additional jobs through its supply chain and other activities. Boeing and its supply-chain partners spend almost $1.2 billion a year with its established network of suppliers located across Germany. Germany is a key market for Boeing to invest in research and technology partnerships. Boeing has established two research sites in Germany, the Research & Technology Office in Munich and the Digital Solutions & Analytics Lab Frankfurt and invests in a growing portfolio of research and technology projects with German industry, universities and research organizations.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 160,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Canada’s CH-147F Chinook makes its 1st flight

German Wind Turbine Maker Senvion Files for Insolvency

FRANKFURT, April 9 (Reuters) – A German court on Tuesday approved an application for insolvency from wind turbine manufacturer Senvion, although the company said it was also continuing to look at new funding options and various potential investors had shown interest.

The Hamburg-based company, which has more than a billion euros of debt, said it had applied for preliminary self-administration proceedings because refinancing discussions with lenders had not yet been successful.

Shares in Senvion were down 40.5 percent at 1519 GMT, having fallen as much as 55 percent earlier in the day.

Senvion has faced delays and penalties related to big projects, while the wind industry as a whole has seen falling prices and increased competition as it moves away from governments guaranteeing generous fixed subsidised tariffs for power towards an auction-based system that favours the lowest bidders.

Market leaders Siemens Gamesa and Vestas have more pricing power, putting smaller suppliers under pressure.

Financial sources had told Reuters Senvion needed at least 100 million euros ($112 million) in the short term to keep operating.

“Lenders and major bond holders are currently continuing intensive discussions around a financing offer to secure the continuation of operations which may allow the company to successfully exit this process,” Senvion said in a statement.

Two financial sources said hedge funds Anchorage and Davidson Kempner were prepared to put up the 100 million euros in loans that CEO Yves Rannou – who took the helm in January – needs to continue restructuring and clear the backlog of orders that has recently cost the company revenues and profit.

The sources said majority shareholder Centerbridge was prepared to accept that but the banks – notably Deutsche Bank and BayernLB – would still need to agree. The banks have lent Senvion a total of 950 million euros.

BayernLB and Deutsche Bank declined to comment.

Senvion also has 400 million euros in bonds bought by hedge funds including Anchorage and Davidson Kempner.

Senvion said its management board would remain in office under the initiated procedure and business operations would carry on, with both existing service and maintenance contracts continuing.

The company said the preliminary self-administration proceedings affected Senvion GmbH and a subsidiary called Senvion Deutschland GmbH. It said Senvion S.A., Senvion Topco GmbH and Senvion Holding GmbH were expected to file for insolvency later this week.

Senvion’s website says it has around 4,000 employees globally.

(By Alexander Hübner and Michelle Martin, Additional reporting by Hans Seidenstuecker; Editing by Tom Sims and Mark Potter)