Tag: existing (Page 1 of 4)

Maldivian Airlines updates regional fleet with additional ATR 42-600 order

September 20, 2023 / WIL BALDWIN

Toulouse, France, September 19, 2023 – Maldivian Airlines, the national airline of the Maldives and the world number one regional aircraft manufacturer ATR, have signed a firm order for two ATR 42-600 aircraft. These highly-efficient new aircraft will join the airline existing regional fleet, including two ATR 72-600 and one ATR 42-600, to replace older generation turboprops.

With these modern aircraft, powered by extra efficient PW127XT engines and featuring a spacious and appealing cabin, Maldivian will offer further reliable and affordable connectivity to the archipelago’s communities and businesses, contributing to the Maldives’ economic dynamism while lowering emissions.

About Maldivian

Maldivian, the national airline of the country embodies the spirit of the Maldives by providing exceptional air travel services that showcase the natural beauty and warm hospitality of the island nation. The airline is the leading domestic carrier with a scheduled network comprising of 16 domestic sectors. Maldivian operates the largest wheel-based fleet in the country which includes DeHavilland Dash 8 and ATR aircraft. Maldivian Seaplane, which consists of DeHavilland DHC-6 Twin Otter aircraft, further enhances the airline’s domestic operation by providing specialized tourist air transportation service connecting customers directly to the doorstep of their chosen resort. Operating from its hub in Male’, the airline provides international scheduled flights to cities in India and Bangladesh.

Rolls-Royce to complete initial F130 engine testing for B-52J by year end

September 7, 2023 / WIL BALDWIN

Rolls-Royce (OTC: RYCEY) today announced that it is on track to complete initial F130 engine testing for the United States Air Force B-52J Stratofortress by the end of the year. Continued Rapid Twin Pod Tests at NASA Stennis Space Center in Mississippi have accomplished all of Rolls-Royce’s initial goals and allowed for the gathering of unprecedented amounts of data early in the program, further de-risking the integration of the F130 engine onto the B-52J.

In September 2021, Rolls-Royce F130 engines were selected by the Air Force to replace the existing powerplants in the B-52 fleet, with over 600 new engine deliveries expected. The new engines will extend the life of the B-52 aircraft for 30 years and are so durable they are expected to remain on wing for the remainder of the aircraft life.

F130 engines will be manufactured, assembled and tested at Rolls-Royce facilities in Indianapolis, the company’s largest production facility in the U.S. The F130 is derived from the Rolls-Royce BR family of commercial engines, with over 30 million hours of operation and a high reliability rate. It’s a proven, dependable engine with a fuel-efficient design.

Saab and Boeing sign 787 Dreamliner agreement

September 6, 2023 / WIL BALDWIN

Saab (OTC: SAABF) has signed an extension agreement with Boeing (NYSE: BA) for the manufacturing of large cargo doors, bulk cargo doors and access doors for the Boeing 787 Dreamliner.

The framework agreement is an extension of an existing contract signed with Boeing in 2004 for the 787 Dreamliner program.

Since the programme started, Saab has delivered in excess of 1,100 shipsets for the Boeing 787 Dreamliner programme.

Saab has a long experience in supplying major aerostructures for military as well as commercial aircraft programmes. Like many other major 787 structures, the doors will be mainly made of composite materials. A range of systems are built into the doors’ composite structures, providing Boeing with lightweight doors that are easy to install.

Surf Air Mobility Announces the Successful Completion of Southern Airways Acquisition

August 6, 2023 / WIL BALDWIN

Los Angeles, California – August, 2023 – Surf Air Mobility Inc. (SAM), a regional platform aiming to sustainably connect the world’s communities, announced that the it has completed the acquisition of Southern Airways (“Southern”) immediately prior to its listing on the New York Stock Exchange under the ticker symbol SRFM on July 27, 2023. The combination of Surf Air Mobility and Southern will provide the basis for SAM’s anticipated expanded, nationwide regional air mobility platform. Following the close of the transaction on July 27, 2023, Surf Air Mobility has 69,742,981 basic shares and 71,603,186 fully diluted shares outstanding.

Surf Air Mobility intends to accelerate the adoption of green flying by developing, together with its commercial partners, hybrid-electric and fully-electric powertrain technology to upgrade existing fleets. By creating a financing and services infrastructure to enable this transition at an industry-wide level, Surf Air Mobility believes it can bring electrified aircraft to market at scale and substantially reduce the cost and environmental impact of regional flying. Surf Air Mobility believes such cost and environmental impact reductions are achievable by the end of the decade, and that operating as a publicly-traded company and having efficient access to growth capital will enable and accelerate the implementation of its strategic plan.

Surf Air Mobility also announced that it will release its financial results for the second quarter of 2023 and provide outlook for the full year 2023 the week of August 14, 2023.

Air New Zealand Outlines Requirements for Low Emissions Turboprop Aircraft

December 20, 2021 / WIL BALDWIN

By Jamie Freed – Reuters news…

(Reuters) – Air New Zealand Ltd said on Tuesday it had outlined requirements to suppliers as part of plans to replace its fleet of De Havilland Canada Dash 8 Q300 turboprops with lower-emissions technology by around 2030.

“The ideal candidate aircraft will be a drop in replacement for the Q300 for seamless integration into the existing Air New Zealand turboprop network, which may include retrofit of the existing aircraft,” the airline said.

Click the link below to read the full story!

https://finance.yahoo.com/news/air-zealand-outlineshttps://finance.yahoo.com/news/air-zealand-outlines-requirements-low-221729362.html

Singapore Airlines Selects the Airbus A350F Freighter

December 16, 2021 / WIL BALDWIN

Toulouse, France December 15, 2021 – Singapore Airlines (OTC: SINGY) has signed a Letter of Intent (LoL) with Airbus for seven A350F freighter aircraft. The agreement will see the A350F begin replacing the airline’s existing B747-400F fleet in the fourth quarter of 2025.

Earlier this year Airbus received Board of Directors approval for a freighter derivative of the A350 designed to meet the imminent wave of large freighter replacements and the evolving environmental requirements, shaping the future of airfreight. The A350F will be powered by latest technology, fuel-efficient Rolls-Royce Trent-XWB97 engines.

The A350F will have a high level of commonality with the A350 passenger versions. With a 109 ton payload capability, the A350F will serve all cargo markets. The aircraft features a large main deck cargo door, with its fuselage length and capacity optimised around the industry’s standard pallets and containers.

Over 70% of the airframe will be made of advanced materials, resulting in a 30 tonne lighter take-off weight and generating at least 20% lower fuel consumption and emissions over its current closest competitor. The A350F will fully meet ICAO’s enhanced CO₂ emissions standards coming into effect in 2027.

Singapore Airlines is the world’s largest operator of the A350, with 56 aircraft currently in service across its network. The agreement with Singapore Airlines is the third commitment received for the new A350F over the past month.

China Airlines Becomes New Operator of Airbus A321neo

November 30, 2021 / WIL BALDWIN

Taipei, 30 November 2021 – China Airlines (CAL) has become the latest operator of the A321neo, following the delivery of its first aircraft of the type, on lease from Air Lease Corporation (ALC, NYSE: AL).

The aircraft operated with a blend of sustainable aviation fuel (SAF). SAF provides a reduction of up to 80% in carbon emissions over its lifecycle, compared to traditional jet fuel.

The aircraft is powered by Pratt & Whitney PW1100G engines and seats 180 passengers in a two-class layout. The A321neo incorporates the Airbus Cabin Flex, which enables optimal use of space by relocating various fixtures and fittings, providing the highest levels of passenger comfort.

CAL’s A321neo will be able to fly on routes of up to seven hours from Taipei.

CAL’s A321neos also come with a Cargo Loading System that enables container cargo operations, further reinforcing the airline and Taipei’s position as a global air freight hub.

Altogether CAL will acquire 25 A321neo aircraft, comprising 11 directly ordered from Airbus and 14 under lease agreements. The A321neo will form the core of CAL’s single-aisle fleet and offers cockpit commonality with CAL’s existing A330 and A350 aircraft.

The A321neo is a member of the A320neo Family, which offers the widest single-aisle cabin in the sky and incorporates the latest technologies, including new-generation engines and Sharklets, delivering a 20 per cent reduction in fuel consumption per seat.

At the end of October 2021, the A320neo Family had won more than 7,500 firm orders from over 120 customers worldwide.

Embraer Displays Most Efficient Single Aisle Commercial Jet at Selangor Aviation Show

November 26, 2021 / WIL BALDWIN

Kuala Lumpur, Malaysia – Making its appearance at the first edition of the Selangor Aviation Show is Embraer’s E195-E2, the world’s most efficient and sustainable single-aisle jet. Showcasing a stunning “TechLion” livery that covers the entire aircraft’s fuselage, the E195-E2’s appearance at the Selangor Aviation Show comes after the aircraft’s presence at the Dubai Air Show earlier in the month. Featuring Embraer’s two by two passenger seating, the commercial jet sits up to 146 passengers.

In its 2021 market outlook, Embraer foresees a demand of 60 new commercial aircraft under 150 seats in Malaysia over the next 10 years. Driving this demand is the opportunity for aircraft under 150 seats to complement larger aircraft prevalent in the country and enhance the viability of establishing new routes or increasing the frequency of existing routes. This includes the boosting of direct connectivity within Peninsula Malaysia, as well as connectivity between cities in Peninsula Malaysia to East Malaysia (Sabah and Sarawak).

With a range of 2600nm (~5.5 hours of flight time), the E195-E2 is the largest of the three aircraft in the E-Jets E2 family. It entered into service at the end of 2019 following type certification from three major world regulatory authorities – the FAA (U.S. Federal Aviation Administration), EASA (European Aviation Safety Agency) and ANAC (the Brazilian Civil Aviation Agency). It is currently operated by KLM, which has 53 Embraer E-Jets in its fleet, Azul which operates 55 E-Jets and flies to more than 100 destinations in Brazil, as well as airlines in Switzerland, Spain, Belarus and Nigeria.

Embraer is the world’s leading manufacturer of commercial jets that seat up to 150 passengers. The commercial aircraft manufactured by Embraer are being operated by airlines in more than 130 airlines across over 70 countries, including airlines in the US (all the major carriers), British Airways, KLM, Japan Airlines and airlines in China.

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.”

Dubai Aerospace Enterprise Orders 15 Boeing 737 MAX Jets

April 20, 2021 / WIL BALDWIN

SEATTLE, April 20, 2021 /PRNewswire/ — Boeing [NYSE: BA] and Dubai Aerospace Enterprise (DAE) today announced the aircraft lessor is growing its 737 MAX portfolio with an order for 15 737-8 jets. DAE had been investing in the 737 MAX by buying jets from existing customers and leasing them back to the carriers. The new order is DAE’s first direct 737 MAX purchase from Boeing as it modernizes its portfolio for better economic and environmental performance.

The order will appear on Boeing’s Orders and Deliveries website once finalized.

Firoz Tarapore, Chief Executive Officer of DAE, said: “We are delighted to deepen our already strong relationship with Boeing. Including this order, we own and manage 162 Boeing aircraft. An increasing number of global aviation regulators are returning the MAX to the skies. We are confident in the success of these aircraft as domestic and regional air travel are seeing strong signs of recovery.”

The new purchase is DAE’s second investment in the 737 MAX in the past year. In the third quarter of 2020, the lessor signed an agreement with American Airlines to purchase and lease back 18 new 737-8 airplanes. Since the agreement, the lessor has delivered 17 of the jets to the U.S. carrier. DAE previously completed a similar purchase-leaseback deal with Brazilian carrier GOL for five 737-8s.

“DAE has been instrumental in helping its customers realize the operating economics and environmental performance of the 737-8. We are delighted that they have come back to add more 737 aircraft to its growth plan as it positions itself for the recovery in commercial passenger traffic,” said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing. “We are honored by DAE’s trust in the 737 family and we look forward to partnering with them to serve the fleet requirements of airlines around the world.”

The 737-8 is a member of the 737 MAX family which is designed to offer more fuel efficiency, reliability and flexibility in the single-aisle market. The airplane can fly 3,550 nautical miles – about 600 miles farther than its predecessor – allowing airlines to offer new and more direct routes for passengers. Compared to the airplanes it replaces, the 737-8 also delivers superior efficiency, using 16% less fuel and significantly reducing CO₂ emissions and operating costs.

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, leveraging 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.

Dubai Aerospace Enterprise (DAE) Ltd. is a global aviation services company headquartered in Dubai. DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York and Seattle. DAE’s award-winning Aircraft Leasing division has an owned, managed, committed and mandated to manage fleet of approximately 425 Airbus, ATR and Boeing aircraft with a fleet value exceeding US$16 billion. DAE’s Engineering division serves customers in Europe, Middle East, Africa and South Asia from its state-of-the-art facility accommodating up to 15 wide and narrow body aircraft. It is authorized to work on 13 aircraft types and has regulatory approval from over 25 regulators globally. More information can be found on the company’s web site at www.dubaiaerospace.com.

About Maldivian

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