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Ritz-Carlton Yacht Collection opens reservations for third superyacht Luminara

The Ritz-Carlton Yacht Collection unveiled its summer 2025 itineraries across its fleet, Evrima, Ilma, and Luminara, marking an exciting moment as the company opens bookings for the inaugural season of its third superyacht. The Ritz-Carlton Yacht Collection debuted in October 2022 with the launch of Evrima, the first time a luxury hospitality brand expanded into the cruising category. With all three superyachts now open for reservations, the brand extension continues to build on its success signifying continued growth and offering more opportunities for luxury travelers to enjoy unforgettable getaways at sea.

The Inaugural Season of Luminara
Inspiring curiosities and celebrations, Luminara, derived from Latin origin and meaning “light,” will measure 794 feet (242 meters) and accommodate up to 452 guests. In addition to 226 spacious suites, each boasting a private ocean-view terrace, a higher percentage of upper-suite categories, and superior guest amenities, the onboard experience will feature world-class dining, a wine vault, The Ritz-Carlton Spa®, and an expanded marina providing direct access to the sea. Among its range of upper-suite categories will be a new expansive accommodation, The Residential Suite, promising a collection of offerings that caters to a variety of preferences.

Luminara will embody contemporary craftsmanship and refined interior finishes envisioned by AD Associates, a renowned London-based architectural and design firm, with creative direction by Chapi Chapo Design, an internationally acclaimed Toronto-based luxury design firm, and celebrated lighting designer DPA. The yacht’s sleek and graceful exterior design, expertly envisioned by Helsinki-based design studio Aivan, draws inspiration from the elegant aesthetics of private yacht design. Inspired by light and luminescence, Luminara‘s design emphasizes elegance and sophistication. Its layout, featuring explorative passages and favoring circular silhouettes over geometric edges, creates a seamless design, forming a sense of limitless space in each area. A serene color palette of soft brown oak, Calcutta marble, leather accents, and touches of rich red, navy, and green will provide an elegant oasis at sea.

Click the link below to see the entire press release!

Ritz-Carlton Yacht Collection

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Finnair redeems its hybrid bond issued in 2020

Finnair Plc (OTC: FNNNF) announces that it will exercise its right to redeem its EUR 200 million capital securities issued on 3 September 2020 (ISIN: FI4000441860) (the “Capital Securities“).

The Capital Securities will be redeemed in full on 1 September 2023 (the “Redemption Date“) in accordance with the terms and conditions of the Capital Securities. On the Redemption Date, the Company will pay to the holders of Capital Securities a redemption price equal to the principal amount of the note together with any accrued interest to, but excluding, the Redemption Date.

This notice of redemption is irrevocable and is given to the calculation agent and holders of the Capital Securities in accordance with the terms and conditions of the Capital Securities.

Alaska Airlines Expands oneworld Partnership with New West Coast International Flights

SEATTLE, December 13, 2021 /PRNewswire/ – Ready to start planning that long-awaited, much-deserved vacation or trip to Europe and destinations beyond? Alaska Airlines and our fellow oneworld member airlines – including American Airlines, British Airways, Finnair and Iberia – are ready to take you there this summer with new nonstop international flights from our West Coast hubs and airports.

British Airways announced today it will begin nonstop service from Portland to London Heathrow five days a week starting on June 3, 2022. The flight becomes the sixth British Airways service to London from a key Alaska market on the West Coast joining Los Angeles; San Diego; San Francisco; San Jose, California; and Seattle.

Finnair announced last week its new nonstop flight between Seattle and Helsinki that’s scheduled for service three days a week beginning June 1. Finnair’s nonstop to Seattle joins its existing service to the Finnish capital from Los Angeles. Finnair will also increase its Los Angeles-Stockholm service to four nonstop flights a week beginning May 1.

By summer 2022, Alaska’s oneworld partners will offer more than 100 nonstop flights every week from the West Coast to Europe including nonstop service to London, Madrid, Barcelona, Stockholm and Helsinki. Once in Europe, journeys can continue throughout the Continent and other parts of the world with convenient connections through our partners’ hubs.

oneworld flights between the U.S. West Coast and Europe for summer 2022:

Airbus Receives First A320 Flight Hour Services Maintenance Contract in Europe

Finnair has selected Airbus’s Flight Hour Services (FHS) to support its entire A320 Family fleet (35 aircraft), thus becoming the first European FHS customer for an A320 fleet.

Following recent contracts in Asia Pacific and the Middle East region, this first FHS agreement from Europe demonstrates the growing trust placed in Airbus’ maintenance by the hour services by airlines around the world, both for widebody and single aisle fleets.

Finnair will benefit from integrated material services including on-site-stock at their main base in Helsinki, access to Airbus’ mutualised spares pools and components engineering and repair services around the world. The FHS contract covers ‘nose to tail’ material services including for engine components.

Airbus will guarantee spare parts availability, generating value through increased fleet availability and operating maintenance costs savings.

The global Airbus fleet covered by FHS has increased by more than 25% over the past two  years confirming the relevancy of flexible, power-by-hour solutions for airlines to secure efficient operations and contain costs.

Finnair is a long-standing Airbus customer. The airline is operating Airbus A320 Family aircraft on its network in Europe and Airbus A330 and A350 on long-haul flights.

Saab Receives Order for Two Additional Firefighting Aircraft

The Swedish Civil Contingencies Agency (MSB) has exercised an option in their contract with Saab regarding aerial firefighting capability in Sweden. Saab will provide two additional aircraft with associated crew.

The order from March 2020 concerns the capability to fight fires with two bucketing aircraft yearly, from 1 April to 30 September, through 2023. MSB is now exercising the option in the contract for two more aircraft, beginning with the 2021 fire season. This is a resource that will be available both for Sweden and for the EU.

During the past year, Saab has established capabilities in the form of firefighting aircraft of the type Air Tractor AT-802 F and pilot and technician skills, as well as specific permits for operation. During the summer, MSB decided to deploy Saab aircraft and pilots to fight a total of five different forest fires.  

“We are proud to be a part of the Swedish national defence system and we are looking forward to expanding our firefighting capabilities with two more aircraft and several pilots. Prompt national responses to forest fires are important,” says Ellen Molin, head of Saab’s business area Support and Services.

The AT-802 F aircraft type is a water-bombing aircraft that can release 35,000-50,000 litres of water per hour in the event of, for example, a forest fire. The firefighting aircraft will be based in Nyköping, where Saab already has aviation operations for, among other things, aerial target services and support for Swedish Coast Guard aircraft. From Nyköping, the aircraft can reach Copenhagen or eastern Finland within 2 hours and Luleå within 3 hours. If necessary, resources can be based at another location with advanced technical and maintenance resources. Rapid response to forest fires is crucial.

Airbus Signs Contract for 38 Eurofighters with Germany

Airbus has signed a contract to deliver 38 new Eurofighter aircraft to the German Air Force. This makes Germany the largest ordering nation in Europe’s biggest defence programme. The order, also known by its project name Quadriga, covers the delivery of 30 single-seater and 8 twin-seater Eurofighters. Three of the aircraft will be equipped with additional test installations as Instrumented Test Aircraft for the further development of the Eurofighter programme.

Dirk Hoke, CEO Airbus Defence and Space, said: “The new Tranche 4 Eurofighter is currently the most modern European-built combat aircraft with a service life well beyond 2060. Its technical capabilities will allow full integration into the European Future Combat Air System FCAS”.

The renewed order from Germany secures production until 2030 and comes at a strategically important time for the programme. In addition to an expected Eurofighter order from Spain to replace its legacy F-18s, procurement decisions in Switzerland and Finland are imminent in 2021.

The variant offered in Switzerland corresponds to the configuration of the German Quadriga order. The equipment includes the world’s latest electronic radar, future-proof hardware and software and unlimited multi-role capability for engaging air and ground targets.

Eurofighter is Europe’s largest defence programme, in which the United Kingdom, Spain and Italy are involved alongside Germany. In addition to technological capabilities, it secures more than 100,000 jobs in Europe.

Airbus Five-Blade H145 Receives EASA Type Certification

  • Ready for customer deliveries later this year
  • Raising the bar in performance, comfort, simplicity and connectivity

Airbus Helicopters’ five-bladed H145 has been certified by the European Union Aviation Safety Agency (EASA), clearing the way for customer deliveries towards the end of summer 2020. The certification covers the full range of capabilities, including single-pilot and instrument flight rules (IFR) and single engine operations (Cat.A/VTOL), along with night vision goggles capability.

“Our new five bladed H145 is an excellent example of our quest for continuous improvement and providing incremental innovation that responds to our customers’ requirements”, said Bruno Even, Airbus Helicopters CEO. “This helicopter combines value-added features with the robustness and the reliability of a tried-and-tested bestseller, making it very competitive in the light twin-engine market.”

The new version of Airbus’ best-selling H145 light twin-engine helicopter was unveiled at Heli-Expo 2019 in Atlanta, GA, with launch customers announced for almost every market segment. Prior to the successful high-altitude test campaign in South America, where the aircraft set its skids down on the Aconcagua, the highest mountain in the Southern hemisphere, the new H145 performed several test campaigns including in Spain at medium altitudes and Finland for cold weather.

This latest upgrade of the H145 family adds a new, innovative five-bladed rotor to the multi-mission H145, increasing the useful load of the helicopter by 150 kg (330 lb). The simplicity of the new bearingless main rotor design will also ease maintenance operations, further improving the benchmark serviceability and reliability of the H145, while improving ride comfort for both passengers and crew. Certification by the Federal Aviation Administration will follow later this year. The certification for the military version of the five-bladed H145 will be granted in 2021.

Powered by two Safran Arriel 2E engines, the H145 is equipped with full authority digital engine control (FADEC) and the Helionix digital avionics suite. It includes a high performance 4-axis autopilot, increasing safety and reducing pilot workload. Its particularly low acoustic footprint makes the H145 the quietest helicopter in its class.

Saab Receives Finnish Squadron 2020 Order

Saab has signed a contract with the Finnish Defence Forces Logistics Command, and received an order to provide and integrate the combat system for the Finnish Navy’s new Pohjanmaa-class corvettes within the Squadron 2020 programme.

This follows the previously announced selection on 19 September. The order value is 412 million Euro and the contract period is 2019-2027. The Finnish shipyard RMC Defence will build the Finnish Navy’s four new corvettes, with construction 2022 to 2025. The corvettes will be fully operational by 2028.  

“We are proud that Finland has chosen Saab as combat system provider and integrator for their new corvettes. Saab has a long history in Finland and the Squadron 2020 contract means that we will increase our footprint in and deepen our relationship with Finland for many years to come”, says Micael Johansson, Senior Executive Vice President and Deputy CEO at Saab.

The contract includes, among other things, Saab’s Combat Management System (9LV) and Saab’s radars Sea Giraffe 4A Fixed Face and Sea Giraffe 1X. The communication system TactiCall as well as the remote weapon station Trackfire, are also included in the contract.

“This is going to be the world’s most modern and advanced corvettes, with state of the art technology and capabilities, including the 9LV Combat Management System and the integrated mast featuring Saab’s sophisticated Sea Giraffe 4A Fixed Face radar and the Sea Giraffe 1X radar”, continues Micael Johansson.

Saab will carry out the work in Sweden, Finland, Denmark, Australia and South Africa.

Thomas Cook Collapse Prompts International Response

(Reuters) – The collapse of British travel operator Thomas Cook left hundreds of thousands of holidaymakers abroad and forced governments and insurers to coordinate a huge operation to get them home.

FILE PHOTO: Passengers are silhouetted in front of a closed service counter of travel agent Thomas Cook and airline Condor at the airport in Frankfurt, Germany, September 24, 2019. REUTERS/Kai Pfaffenbach

The company ran hotels, resorts and airlines ferrying 19 million people a year to 16 different countries. 

Here is a summary of the impact of the collapse in different countries and efforts to salvage parts of the group: 

GERMANY

Thomas Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and it said it was in talks with potential new investors. 

The German government said it was considering an application for a bridging loan from Thomas Cook Germany, a day after it said it would guarantee a 380 million euro ($418 million) bridging loan for Condor, the British group’s German airline. 

The company is in contact with the German foreign ministry, insurers and other partners to get customers home. Zurich Insurance, which provided insolvency cover to Thomas Cook Germany, will cover the costs for those on holiday. 

About 97,000 holidaymakers were still stranded on Thursday. 

AUSTRIA

Thomas Cook Austria, which belongs to the German unit, also filed for insolvency on Wednesday, with the aim of continuing in business. 

THE NETHERLANDS

The Dutch unit of Thomas Cook canceled all travel booked through Thomas Cook Netherlands and subsidiary Neckermann. 

A Dutch court on Wednesday granted Thomas Cook Nederland B.V., a Netherlands-based subsidiary, protection from creditors. It employed roughly 200 staff. 

POLAND

Thomas Cook’s Polish unit, Neckermann Polska, said on Wednesday that it has filed for insolvency. Poland regional authorities says around 3,600 customers of Neckermann Polska are still abroad. 

BELGIUM

Thomas Cook’s Belgian unit ceased carrying passengers on Tuesday and liquidated two businesses, seeking protection from creditors and ultimately a buyer for Thomas Cook Retail Belgium. 

It still has some 13,400 customers on holidays abroad.

NORDICS

Several planes operated by Thomas Cook Scandinavian Airlines have not been able to take off because their leasing contracts remained with the British parent, Danish subsidiary Spies said. 

It was not immediately clear how the situation would be resolved. 

Thomas Cook’s Nordic business said on Monday it would continue to operate as it is a separate legal entity from its London-listed parent and added that it was looking for new owners. 

The Nordic business consists of two legal entities, Thomas Cook Northern Europe and Thomas Cook Scandinavian Airlines, and is also known as Ving Group. 

The business operates under several brands: Ving in Norway, Spies in Denmark, Tjäreborg in Finland, as well as Ving and Globetrotter in Sweden. 

BRITAIN

Emergency flights had brought 14,700 people back to the United Kingdom on 64 flights on Monday, and around 135,300 more were expected to be returned over the next 13 days, Britain’s aviation regulator said. 

More than 70 flights were scheduled to operate on Wednesday to bring back 16,500 people. 

MEXICO

The collapse of British travel firm Thomas Cook will not have a “significant impact” on Mexico’s tourist industry as it only represents about 0.4% of the sector’s foreign income, the Mexican tourism ministry said on Tuesday. 

BULGARIA

Thomas Cook’s collapse poses a serious challenge to Bulgarian tourism, with dozens of Black Sea hotels facing losses totaling tens of millions of dollars as negotiations for the next summer season take place, its tourism minister said on Tuesday. 

TUNISIA

Tunisian tourism minister Rene Trabelsi told Reuters that 4,500 Thomas Cook customers are still on holiday in Tunisia. 

The British government repatriated about 1,200 tourists via planes sent to Tunisa’s Enfidha airport, and another 4,000 still in Tunisia will return after their holidays. 

FRANCE

The French arm of the business said on Tuesday it was asking the French commercial court of Nanterre for creditor protection 

Thomas Cook France will hold a meeting of its works council on Thursday about a plan to declare insolvency and to start a recovery procedure. 

French organization Entreprises de Voyage said that about 10,000 French tourists could be affected by the bankruptcy. 

SPAIN

The collapse has affected 53,000 Britons in Spain, Spanish Acting Tourism Minister Reyes Maroto told reporters. 

The ministry has been in touch with German and Swedish authorities to ensure Thomas Cook subsidiaries continue to operate at least for the winter season, she added. 

GREECE

A Greek tourism ministry official told Reuters that about 50,000 tourists were affected. 

CYPRUS

Cyprus says 15,000 Thomas Cook customers were stranded on the island. 

HUNGARY

Thomas Cook’s Hungarian unit Neckermann Magyarorszag said it was continuing its operations and all passengers would be able to return from abroad as planned. 

It said its financial situation was stable and its assets were sufficient guarantee that its passengers would not suffer any financial damage. It said passengers should contact its offices directly about upcoming flights. 

RUSSIA

Thomas Cook’s Russian tour operator subsidiary, Intourist, said the bankruptcy of Thomas Cook will have no impact on clients, Executive Director Sergei Tolchin told Interfax. 

TURKEY

The Turkish Ministry of Tourism said it will provide support for local companies affected by the Thomas Cook collapse. 

The head of the country’s Hotelier Federation said about 45,000 tourists from the UK and elsewhere in Europe are in the country. 

MOROCCO

Morocco’s tourism ministry said it had created a crisis unit to handle the fallout from Thomas Cook’s collapse. Thomas Cook operated two flights to Marrakesh a week. No official numbers were given. 

EGYPT

Thomas Cook operator Blue Sky Group said that 25,000 reservations in Egypt booked up to April 2020 had been cancelled. Blue Sky currently has 1,600 tourists in Egypt’s Hugharda resort. 

INDIA

Thomas Cook India said it had been unaffected as it has been a separate entity since August 2012.

Germany to Equip New Coastal Patrol Vessels with BAE Systems’ 57mm Guns

BAE Systems has been selected by the vessel contractor to provide the German federal police force, Bundespolizei, with three 57mm naval guns for its three new 86m Offshore Patrol Vessels (OPVs) built by Fassmer shipyard.

The gun systems, known as the Bofors 57 Mk3, will support the maritime arm of the Bundespolizei that monitors the country’s North Sea and Baltic coastlines. The 57 Mk3 is a flexible, highly versatile gun system designed to react quickly for close-to-shore operations.

“The Bofors 57 Mk3 is a versatile naval gun with firepower and range that exceeds expectations when compared with similar, medium calibre naval gun systems. That’s how our 57 millimeter system has earned its reputation as the deck gun of choice for ships operating in coastal environments,” said Ulf Einefors, director of marketing and sales for BAE Systems’ weapons business in Sweden. “This contract expands the number of European nations deploying the 57 Mk3 and reflects the growing interest we’re seeing in the region, where we look forward to supporting new opportunities in the near future.”

The 57 Mk3 naval gun is also in use with the allied navies and coast guards of eight nations, including Canada, Finland, Mexico, and Sweden, as well as the United States, where it is known as the Mk110 naval gun.

This contract also includes accompanying fire control systems as well as systems integration support. Work is expected to begin immediately and will be performed at the BAE Systems facility in Karlskoga, Sweden. The first unit is scheduled for delivery in 2020.

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