Tag: four (Page 1 of 2)

Alstom signs contract for Saudi Arabia Tramway Project

January 9, 2024 / WIL BALDWIN

January, 2024 – Alstom, a global leader in smart and sustainable mobility, signed a contract of more than €500 million with The Royal Commission for AlUla’s pioneering battery-powered tramway, the world’s longest catenary-free line.

The fully integrated Alstom tramway system will feature 20 state-of-the-art Citadis B battery-trams. The 22.4km line will encapsulate richness, history, and green mobility like no other, linking 17 strategically located stations, offering unmatched access to AlUla’s five core historical districts, including UNESCO World Heritage sites such as AlUla Old Town (District 1), Dadan (District 2), Jabal Ikmah (District 3), Nabataean Horizon (District 4), and Hegra Historical City (District 5).

This ambitious project aims to deliver unique transit options for residents and tourists, with innovative, climate-adapted trams.

Alstom plays a pivotal role in this project, from comprehensive system design to integration, installation and testing and commissioning of the catenary-free and battery-powered tramway. Alstom will also deliver power supply, signalling, communication, and depot equipment and provide full maintenance for the trams for 10 years, using HealthHub, Alstom’s tool for predictive maintenance and fleet management to deliver the highest availability. The services teams will also use an itinerant workshop for all types of overhauls to be more flexible and reduce capital expenditure, and provide robust training programmes for tram personnel, ensuring operational efficiency. The project will draw on Alstom’s global in-house expertise in integrated railway systems. The trams will be manufactured across Alstom’s French production sites, including La Rochelle for both design and construction.

Rocket Lab to launch space situational awareness mission

January 8, 2024 / WIL BALDWIN

Long Beach, California. January 08, 2024 – Rocket Lab USA, Inc. (Nasdaq: RKLB), a global leader in launch services and space systems, today announced it has set the launch window for its first mission of 2024.

The ‘Four of a Kind’ mission is scheduled to launch no earlier than January 18 between 19:15-20:00 NZT (January 18 between 06:15-07:00 UTC) from Rocket Lab Launch Complex 1 in New Zealand. The mission will deploy four Space Situational Awareness (SSA) satellites for Spire Global, Inc’s (Spire) customer NorthStarEarth & Space (NorthStar). NorthStar´s satellites, built and operated by Spire, will be the first to simultaneously monitor all near-Earth orbits from space, delivering a radically enhanced level of SSA services to the global satellite community, with timely and precise information for space object detection, tracking, orbit determination, collision avoidance, navigation, and proximity alerts.

As a secondary mission, Rocket Lab will be attempting to splash down and retrieve Electron’s first stage as part of the Company’s plan to evolve Electron into a reusable rocket. After launch and stage separation, Electron’s first stage will return to Earth under a parachute and splash down in the Pacific Ocean several hundred kilometers down range from Launch Complex 1. Rocket Lab’s recovery vessel will extract the stage from the water for transportation back to Rocket Lab’s production complex where it will undergo detailed analysis. Rocket Lab is not launching any pre-flown engines as part of this mission.

Forward-Looking Statements

This press release may 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.

A.P. Moller–Maersk to strengthen distribution network in India with more than 500 Electric Vehicles

August 23, 2023 / WIL BALDWIN

Mumbai, India – A.P. Moller – Maersk (OTC: AMKBY) has the ambition to be Net Zero across business and provide customers with 100% green solutions by 2040. To achieve this goal, there is a strong need to decarbonise logistics at every stage. It is important not only for Maersk to achieve these sustainability goals but for the customers too, who are demanding environmentally friendly solutions that would decarbonise their supply chains.

In September 2022, Maersk unveiled its three-wheeler and four-wheeler EV’s in Mumbai, India and soon rolled them out for its first customer in the NCR region. Since then, the awareness around EV’s that can support distribution logistics in India has risen, and with that has come an unprecedented demand from several customers.

Maersk has recently tied up with a large e-Commerce platform in India to support its distribution requirements with a dedicated fleet of EV’s that range in the capacity of 550 to 700 Kgs with a driving range of over 120 km. Over 200+ vehicles have already been deployed across 15 cities, and more than 300 EV’s.

So far, Maersk’s EV fleet has covered more than 135,000 km. Maersk is also investing in creating a charging network for its fleet of EV’s, including the option to harness solar energy at its own facilities for warehouses across the country.

Delta Debuts Dazzling Terminal C Facility at New York LaGuardia Airport

June 1, 2022 / WIL BALDWIN

Delta is celebrating its latest investment in New York as it prepares to open its new Terminal C at LaGuardia Airport to customers on June 4, a massive milestone in the $4 billion program to transform and modernize one of the airline’s key hubs.

Delta accelerated construction timelines during the pandemic to deliver this facility to New York customers even faster than anticipated. The airline will fully complete the entire four-concourse terminal by the end of 2024, almost two years earlier than originally planned.

Ultimately, Terminals C and D will consolidate into one state-of-the-art facility, spanning 1.3 million square feet and featuring 37 gates across four concourses. Delta continues to double down on its vision for the future of travel, building airports of the future that are comfortable, easy to navigate and part of an effortlessly connected journey, capable of absorbing and supporting new innovative experiences as technology evolves. Recently, Delta also revealed the completion of the first major phase of its $2.3B Sky Way at Los Angeles International Airport.

In addition to a gleaming central headhouse and concourse, LGA will house the largest Delta Sky Club in the system, with architectural touches that evoke New York City from the turn of the 20th century, such as harlequin-patterned screens and rich warm metals. With seating for nearly 600 guests to relax and recharge over a sprawling 34,000 square feet (in its end state), the Club features a gourmet kitchen, premium bar, two food buffets and two hydration stations.

Air Transport Services Group Selects Boeing for Next Converted Freighter Order

November 3, 2021 / WIL BALDWIN

SEATTLE, Nov. 3, 2021 — Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of 767-300 converted freighters, has contracted with Boeing [NYSE: BA] for the conversion of four aircraft to 767-300 Boeing Converted Freighters (BCF).

“Our continued confidence in the 767-300 platform, now coupled with the services and support of the OEM, reinforces our commitment to deliver best-in-class reliable services to our customers,” said Mike Berger, chief commercial officer of ATSG. “We’re proud to partner with Boeing as we expand our fleet to meet growing demand and look forward to future growth together.”

The 767-300BCF now has more than 100 orders and commitments from customers around the globe, providing widebody converted freighter capability to meet growing market demand, and building on a record year for customer orders of Boeing’s family of freighters.

“We are honored that ATSG has decided to make the 767-300BCF an integral part of their fleet expansion strategy, supporting customers looking to capitalize on strong e-commerce demand,” said Jens Steinhagen, director of Boeing Converted Freighters. “As the OEM, Boeing has the original design data, robust supply chains, and dependable delivery schedules that benefit BCF customers such as ATSG. With that OEM advantage, we stand ready to meet ATSG’s needs by bringing forward market-leading 767-300BCFs into its fleet.”

ATSG is a global leader in cargo leasing, operating a fleet of 106 Boeing aircraft, including more than ninety 767 converted freighters.

Boeing has more than 40 years of successful experience in passenger-to-freighter conversions, relying on original design data and a deep understanding of the needs of the air cargo industry to deliver a superior, integrated product, including fully integrated manuals and world-class technical support. Boeing Converted Freighters also come with the advantage of being associated with the industry’s largest portfolio of services, support and solutions. Learn more about the 767-300BCF and the entire Boeing freighter family here.

Frontier Airlines Started Four New Nonstop Routes From Las Vegas Today

March 8, 2021 / WIL BALDWIN

LAS VEGAS – March 8, 2021 – Low-fare carrier Frontier Airlines this week takes off with four new, nonstop routes to Las Vegas from El Paso, Texas; Little Rock, Arkansas; Oklahoma City, Oklahoma and Wichita, Kansas. Plus, later this month, Frontier begins nonstop service from McCarran International Airport (LAS) to two popular vacation destinations in Mexico: Los Cabos and Puerto Vallarta.

Frontier now offers 44 nonstop destinations from Las Vegas, including two international routes. The new flights to Mexico represent Frontier’s commitment to expanding travel opportunities to exciting destinations while maintaining its ‘Low Fares Done Right’ approach.

“We’re very excited bring more new flights to Las Vegas and offer an affordable travel option for folks from El Paso, Little Rock, Oklahoma City and Wichita to visit the Entertainment Capital of the World,” said Daniel Shurz, senior vice president of commercial, Frontier Airlines. “Frontier has quickly become a preferred airline in Las Vegas with an established crew base, robust flight schedule and ultra-competitive fares and we look forward to welcoming Nevadans on our two new international routes later this month to the sunny beaches of Los Cabos and Puerto Vallarta.”

Embraer Carries Out First Aircraft Financing Transaction With SkyWest Airlines

January 25, 2021 / WIL BALDWIN

Embraer (NYSE: ERJ) carried out its first aircraft non-payment insurance (ANPI) transaction financing the delivery of four Embraer E175 jets to SkyWest, Inc. (NASDAQ: SKYW). The transaction, completed in December 2020, was supported by the Aircraft Finance Insurance Consortium (AFIC), designed by Marsh and was underwritten by AXIS Insurance and Sompo International. The lender for the transaction is the Brazilian Development Bank (BNDES).

This transaction is a major achievement for the aircraft finance industry being the first AFIC-supported transaction for regional jets, the first AFIC-supported financing for an airline based in the United States, and the first AFIC-supported financing for commercial aircraft funded by an export credit agency (ECA).

AFIC´s insurance product provides additional flexibility in financing Embraer aircraft and could be used with ECA, bank, and capital markets funding, enhancing the possible financing structures available for Embraer customers. The AFIC product improves the credit quality of aircraft finance transactions through the use of a robust non-payment insurance policy underwritten by investment grade-rated insurance companies. It further reduces overall costs of financing while offering many other benefits to Embraer customers such as flexibility of terms and faster implementation.

Embraer’s relationship with SkyWest dates back to 1986, when SkyWest began operating the EMB 120 Brasilia turboprop. Since 2013, SkyWest has purchased more than 180 E175 jets.

Embraer is the world’s leading manufacturer of commercial jets with up to 150 seats. The Company has 100 customers from all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged almost 1,800 orders and 1,600 deliveries, redefining the traditional concept of regional aircraft.

Southwest Airlines Announces Four-Day $29 Wow Sale For Spring Travel

January 4, 2021 / WIL BALDWIN

Southwest Airlines Co. (NYSE: LUV) launched a four-day WOW Sale today through Jan. 7, 2021, 11:59 p.m., Central Time, with fares starting as low as $29 one-way. Customers can ring in the New Year with this huge sale and book their spring getaway for travel in March and April.

From the mountains to the beach, there is a perfect getaway for everyone. Hit the slopes at one of our new destinations in Colorado—Steamboat Springs, Montrose (Telluride), or Colorado Springs (starting March 11, 2021). Looking for something warmer? Feel the warmth of the sand by booking a trip to one of our beach destinations— Fort Lauderdale, Kahului (Maui), Long Beach, Calif. or Miami. Looking for something new? Customers can fly to one of these hidden gems— Palm Springs, New Orleans, or Raleigh/Durham.

“Southwest is ready to take Customers to their favorite spring travel destinations,” said Bill Tierney, Southwest Vice President of Marketing. “Whether it is hitting the slopes or soaking up the sun on the beach, Southwest is your ticket to the perfect getaway. With our legendary Hospitality, flexible policies, and low fares across our expanding network, we look forward to having our Customers onboard again when they are ready to get away.”

Hurry and book! Seats, days, and markets are limited. Blackout dates and 21-day advance purchase requirements apply. See a full list of fares, fare rules, and terms and conditions below and at Southwest.com. Examples of one-way low fares include:

As low as $29 one-way nonstop between Atlanta and Raleigh/Durham,
As low as $29 one-way nonstop between Denver and Salt Lake City,
As low as $29 one-way nonstop between Phoenix and Palm Springs,
As low as $39 one-way nonstop between Dallas and New Orleans,
As low as $89 one-way nonstop between Nashville and Sarasota,
As low as $99 one-way nonstop between San Diego and Hawaii.

These flights, as well as the Carrier’s published schedule through August 16, 2021, can be purchased at Southwest.com.

Enter Air to Purchase Up to Four Boeing 737-8 Jets

August 19, 2020 / WIL BALDWIN

– New order expands Polish carrier’s commitment to the 737 family

– Enter Air: “Convinced 737 MAX will be the best aircraft…for many years to come”

Boeing [NYSE: BA] and Enter Air today announced the Polish airline is expanding its commitment to the 737 family with a new order for two 737-8 airplanes plus options for two more jets.

An all-Boeing operator and Poland’s biggest charter carrier, Enter Air began operations in 2010 with a single 737 airplane. Today, the airline’s fleet includes 22 Next-Generation 737s and two 737 MAX airplanes. When the new purchase agreement is fully exercised, Enter Air’s 737 MAX fleet will rise to 10 aircraft.

“Despite the current crisis, it is important to think about the future. To that end, we have agreed to order additional 737-8 aircraft. Following the rigorous checks that the 737 MAX is undergoing, I am convinced it will be the best aircraft in the world for many years to come,” said Grzegorz Polaniecki, general director and board member, Enter Air.

Enter Air and Boeing have also finalized a settlement to address the commercial impacts stemming from the grounding of the 737 MAX fleet. While the details of the agreement are confidential, the compensation will be provided in a number of forms and staggered over a period of time.

“In the settlement with Boeing, we agreed to revise the delivery schedule for the previously-ordered airplanes in response to current market conditions. The specific terms of the settlement are strictly confidential, but we are pleased with the way Boeing has treated us as its customer,” added Polaniecki.

“We are humbled by Enter Air’s commitment to the Boeing 737 family. Their order for additional 737-8s underscores their confidence in the airplane and the men and women of Boeing,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company. “We look forward to building on our decade-long partnership with Enter Air and working with the airline to safely return their full 737 fleet to commercial service.”

Enter Air 737 MAX 8 (7210) C1 Flight – November 28, 2018

Fiat Chrysler Reaches Tentative Labor Deal with United Auto Workers

December 1, 2019 / WIL BALDWIN

DETROIT (Reuters) – Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union on Saturday announced a tentative agreement for a four-year labor contract, a boost for the automaker as it works to merge with France’s Groupe PSA.

Italian-American Fiat Chrysler and PSA, the maker of Peugeot and Citroen, last month announced a planned $50 billion merger to create the world’s fourth-largest automaker.

The tentative agreement with Fiat Chrysler, which is subject to ratification by the union members, follows contracts that the UAW already concluded with Ford Motor Co and General Motors Co.

The deal with GM followed a 40-day strike in the United States that virtually shuttered GM’s North American operations and cost the automaker $3 billion.

The UAW on Saturday said the contract with Fiat Chrysler included a commitment from FCA to invest $9 billion, creating 7,900 new jobs over the course of the four-year contract. Of the $9 billion, $4.5 billion was announced earlier this year, to be invested in five plants and creating 6,500 jobs.

Detailed terms of the tentative agreement were not released, but they are expected to echo those under the new contracts with GM and Ford, as the UAW typically uses the first deal as a pattern for the others.

“FCA has been a great American success story thanks to the hard work of our members,” UAW acting President Rory Gamble said in a statement. “We have achieved substantial gains and job security provisions for the fastest growing auto company in the United States.”

Ratification is not a sure thing. Rank-and-file UAW members at FCA in 2015 rejected the first version of a contract. In addition, a lawsuit related to a federal corruption probe could also raise doubts among union members about the terms agreed.

The federal corruption led GM to file a racketeering lawsuit against FCA, alleging that its rival bribed union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars. FCA has brushed off the lawsuit as groundless.

Under the UAW’s deal with GM, the automaker agreed to invest $9 billion in the United States, including $7.7 billion directly in its plants, and to create or retain 9,000 UAW jobs.

Ford’s contract included commitments to invest more than $6 billion in its U.S. plants and to create or retain more than 8,500 UAW jobs.

The deals with GM and Ford also created a pathway to full-time employment for temporary workers and left healthcare insurance coverage unchanged.

Both automakers also agreed to signing bonuses, with $9,000 for full-time Ford workers and $11,000 for workers at GM.

(Reporting by Nick Carey; Editing by Leslie Adler)

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