Delta Air Lines will contribute $100,000 to the American Red Cross to support relief efforts in Haiti following a devastating 7.2 magnitude earthquake that struck the country on August 14.
The affected region is home to more than 800,000 people. This donation enables the global Red Cross network in its efforts helping families impacted by the earthquake. The Haitian Red Cross with the support of the global Red Cross Red Crescent network are leading efforts to aid families, including providing first aid and helping with search and rescue efforts.
This contribution is in addition to the $1 million grant to the American Red Cross as an Annual Disaster Giving Program (ADGP) partner.
The American Red Cross is Delta’s longest-standing non-profit partner, and the partnership has allowed the airline, its customers and employees to help people in need around the world since 1941. For more information on the services of the Red Cross, please visit redcross.org or cruzrojaamericana.org.
CHICAGO, Feb. 10, 2021 /PRNewswire/ — United Airlines (Nasdaq: UAL) today announced that it has completed an agreement to work with air mobility company Archer as part of the airline’s broader effort to invest in emerging technologies that decarbonize air travel. Rather than relying on traditional combustion engines, Archer’s electric vertical takeoff and landing (eVTOL) aircraft are designed to use electric motors and have the potential for future use as an ‘air taxi’ in urban markets.
Under the terms of the agreement, United will contribute its expertise in airspace management to assist Archer with the development of battery-powered, short-haul aircraft. Once the aircraft are in operation and have met United’s operating and business requirements, United, together with Mesa Airlines, would acquire a fleet of up to 200 of these electric aircraft that would be operated by a partner and are expected to give customers a quick, economical and low-carbon way to get to United’s hub airports and commute in dense urban environments within the next five years.
Working with Archer is another example of United’s commitment to identifying and investing in innovative technology that can reduce carbon emissions while also improving the customer experience and earning a strong financial return. The airline was an early stage investor in Fulcrum BioEnergy and recently partnered with 1PointFive, a joint venture between Oxy Low Carbon Ventures and Rusheen Capital, to jumpstart the establishment of direct air capture and sequestration technology.
With today’s technology, Archer’s aircraft are designed to travel distances of up to 60 miles at speeds of up to 150 miles per hour and future models will be designed to travel faster and further. Not only are Archer’s aircraft capable of saving individuals time on their commute, United estimates that using Archer’s eVTOL aircraft could reduce CO2 emissions by 47% per passenger on a trip between Hollywood and Los Angeles International Airport (LAX), one of the initial cities where Archer plans to launch its fleet.
Led by co-founders and co-CEOs Brett Adcock and Adam Goldstein, Archer’s mission is to advance the benefits of sustainable air mobility at scale. Archer plans to unveil its full scale eVTOL aircraft in 2021, begin aircraft production in 2023, and launch consumer flights in 2024. To drive this fourth transportation revolution and transform how people approach everyday life, work and adventure, Archer has built a highly accomplished team of top engineering and design talent, with a collective 200+ years of eVTOL experience.
Embraer and EDP, a company that operates in all segments of the Brazilian energy sector, have signed a partnership for electric aircraft research. Through its EDP Smart division, the Portuguese-based multinational announced a financial contribution for the acquisition of energy storage and battery charging technologies for Embraer’s all-electric demonstrator aircraft project, utilizing the EMB-203 Ipanema as its test bed. The prototype, which is already in development, is scheduled to complete its inaugural flight in 2021.
The investment is part of the cooperation agreement signed by both companies to advance their shared knowledge of energy storage and battery charging technologies for aviation – one of the main challenges of the project. The partnership aims to investigate the applicability of high voltage batteries for the electric propulsion systems of small aircraft, in addition to evaluating the main operating characteristics, such as weight, efficiency and power quality, thermal control and management, cycling loading and unloading, and operational safety.
EDP Headquarters in Portugal
Technological Cooperation
This proposal for the technological development of aeronautical electrification was initially created as a cooperation between Embraer and WEG, in May 2019. The project was developed as an effective and efficient instrument for training and for the maturation of technologies prior to their application in future products.
The scope of the partnership with EDP is to develop shared research in the storage of high voltage energy, complementing Embraer’s ongoing research. These research and development initiatives seek to accelerate the combined knowledge of the technologies necessary for the use and integration of batteries and electric motors in order to increase the energy efficiency of the propulsion systems of aircraft.
For the evaluations, a small single-engine aircraft is being used as the test bed to perform a primary assessment of electrification technologies. Ground tests have taken place at Embraer’s facilities in Botucatu, in the interior of São Paulo, in preparation for the first flight, which will take place at Embraer’s Gavião Peixoto unit.
Electrification is just one project in a series of initiatives being developed by Embraer and the entire aeronautical industry aimed at ensuring a commitment to environmental sustainability, as already exemplified by biofuel developments to reduce carbon emissions.
EDP has a global commitment to electrify 100% of its fleet by 2030, as well as to develop new offers and commercial solutions that promote the energy transition. Last year, during Aneel’s Public Call on the topic of Efficient Electric Mobility, the Company approved an investment of about R$ 50 million in projects, via a Research and Development Fund consisting of both corporate and partner resources.
LAS VEGAS (March 15, 2020)– Wynn Resorts has decided to temporarily close Wynn Las Vegas and Encore as part of its continuing effort to reduce the spread of COVID-19 (coronavirus).
The Company has committed to pay all full-time Wynn and Encore employees during the closure.
The closure will be effective Tuesday, March 17 at 6 pm and is expected to be in effect for two weeks, after which time the Company will evaluate the situation. A limited number of employees and management will remain at the resort to secure and maintain the facility. For additional information and updates, please visit www.wynninfo.com.
FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing.
WASHINGTON (Reuters) – General Motors Co <GM> confirmed on Monday it agreed to loan $40 million to an electric vehicle start-up to facilitate the acquisition of its shuttered Lordstown Assembly plant in Ohio.
Lordstown Motors Corp, which is 10% owned by Workhorse Group Inc <WKHS>, bought the plant and equipment for $20 million in November as part of its ambitious plan to begin building electric pickup trucks by the end of 2020.
The loan agreement, which was reported earlier Monday by the Business Journal in Youngstown, was filed in Trumbull County last week.
Lordstown Motors has been working on the engineering of the new truck, “Endurance”, and hired Rich Schmidt, a former director of manufacturing at Tesla Inc, as chief production officer.
“We structured the sales agreement to help support Lordstown Motors’ launch plans for the Endurance pickup,” GM spokesman Jim Cain said, who added it “allows them to take possession of the plant and to cover some operating expenses while they undertake their capital raise.”
GM is not investing in the venture, but Cain said GM financing could rise to $50 million.
The fate of the sprawling northeastern Ohio plant became a political lightning rod after GM announced its planned closure in November 2018, drawing condemnation from U.S. President Donald Trump and many U.S. lawmakers.
Lordstown CEO Steve Burns told Reuters last month he hopes to have pre-production prototypes coming off the assembly line by April and to start production by November 2020 with an initial workforce of 400 hourly workers.
Burns said last month the company hopes to raise more than $300 million, the Business Journal reported. Burns told Reuters it retained Ohio investment bank Brown Gibbons Lang & Co in its capital fundraising effort.
GM and South Korea’s LG Chem <051910.KS> said Thursday they will invest $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio which will be one of the world’s largest battery facilities.
The plant, to be built near the Lordstown complex, will employ more than 1,100 people, the companies said.
As part of the Lordstown sale, GM has the option to lease land near the assembly plant that it could use for the battery plant.
(Reporting by David Shepardson; Editing by Sonya Hepinstall)
MONTREAL/WINNIPEG, Nov 18 (Reuters) – Canada’s Liberal government sent two ministers on Monday to meet with representatives of Canadian National Railway Ltd and its largest union, as already hard-hit shippers pleaded for government intervention to avert a strike planned for early on Tuesday.
The threatened strike by 3,000 workers with Teamsters Canada comes after CN, the country’s largest railroad operator, said on Friday it would cut management and union jobs, as it grapples with softer economic conditions.
Labor Minister Patty Hajdu and Transportation Minister Marc Garneau were to meet with representatives from CN and the union in Montreal, Hajdu’s press secretary Veronique Simard said, following a stalemate in contract talks.
CN said it believes a strike can be averted “with the assistance of federal mediators,” after Teamsters declined to submit to binding interest arbitration. “We expect talks to continue up to Nov. 19,” CN said. Teamsters and CN reached a last-minute deal in 2017 that averted a planned strike. Canada, one of the world’s biggest exporters of farm products, relies on its two main railways to move canola and wheat over the vast distances from western farms to ports. Crude oil shippers in Alberta have also used trains in the past two years to reach U.S. refineries as an alternative to congested pipelines.
Alberta wheat and barley commissions, representing farmers, urged Ottawa to intervene, as they are already facing difficult harvest conditions because of weather. “There are a lot of farmers who already have a significant amount of their income trapped under snow,” said Gary Stanford, Alberta Wheat Commission chair. “Now adding insult to injury, we’re looking at possible CN rail strike action too.”
CN was expecting slightly lower fourth-quarter crude shipments from the third quarter, officials said on an Oct. 22 conference call.
Slumping commodity prices, congested oil pipelines and a dispute with China that has hampered Canadian agriculture exports have pressured the economies of resource-rich western provinces.
Teamsters Canada spokesman Christopher Monette said the planned strike by its conductors, train personnel and yard workers comes because workers are “hitting a wall on issues related to health and safety.”
“While we continue to negotiate in good faith and in hopes of avoiding a labor dispute, we have every intention of striking at 00:01 a.m. ET tonight (0501 GMT) unless an agreement can be reached before then,” Monette said by email.
CN shares were trading down 0.5% in early afternoon Toronto trading.
(Reporting By Allison Lampert in Montreal and Rod Nickel in Winnipeg; Additional reporting by Kelsey Johnson in Ottawa; Editing by Tom Brown and Marguerita Choy)
