Tokyo, Japan – Japan Airlines Co., Ltd. (Tokyo Stock Exchange: 9201) and REGENT Craft Inc. (Headquarters: United States, CEO: Billy Thalheimer, hereinafter referred to as “REGENT”) have announced the signing of a comprehensive partnership agreement to establish a system for seaglider operations in Japan. The agreement follows a strategic investment in REGENT made earlier this year by JAL Innovation Fund, the CVC of JAL. Through this agreement, the two companies aim to implement next-generation mobility where people can move safely and comfortably with zero emissions.
The all-electric seagliders being developed by REGENT are wing-in-ground effect craft that fly several meters above the water on a cushion of air trapped between the wings and the water’s surface. Seagliders are attracting attention as a new form of sustainable mobility, further expanding the possibilities of new transportation methods that do not place a burden on the environment, as well as the development of new markets.
The new agreement signifies a commitment to deepen business development between the two companies. With the goal of establishing a system of seaglider operations in Japan, JAL aims to utilize its accumulated knowledge of safe operation while REGENT brings its technological expertise to the table. Together, the companies will collaborate to drive awareness and understanding of seagliders in the region, identify jurisdictions for seaglider operations by JAL and JAL Group operators, develop infrastructure for seaglider operations – including a planned demonstration flight in 2025 – and obtain certification for the safe operation of electric seagliders. In addition, JALUX Co., Ltd. (location: Minato-ku, Tokyo, CEO: Satoru Takahama) will act as a sales agent for the maritime craft.
Stadler and Azienda Transporti Milanesi S.p.A. (ATM) have signed another framework agreement for the supply of up to 50 TRAMLINK trams for the city of Milan. In a first call-off, ATM has ordered 14 high-capacity vehicles that will be financed with the PNRR (National Recovery and Resilience Plan) fund. The fourteen vehicles will be delivered before 30 June 2026.
The medium-capacity TRAMLINKs are similar to the tramways to be delivered under the framework agreement signed in 2020 and that Stadler is currently manufacturing. They have three modules and are about 25 m long. ATM has already ordered 60 out of the 80 vehicles covered by this framework agreement. The first unit arrived in Milan on 1 December 2022 and, currently, is performing tests on the city’s tram network.
The high-capacity version of the TRAMLINKs is based on the above but features five modules and a length of 35 m. They are bi-directional and have an attractive open interior equipped with two specific areas for wheelchair users. The barrier-free low floor and four doors per side allow passengers to board and alight easily and quickly thus reducing stopping time. In addition, the innovative bogies allow the trams to run smoothly in the narrow curves. This significantly reduces noise to the benefit of passengers and residents.
Particular attention has been paid to the safety of passengers, drivers and pedestrians. The ergonomically designed driver’s cab maximizes the driver’s visibility. Additionally, the TRAMLINK is equipped with an anti- collision device that can intervene when it detects a potential collision situation with pedestrians, cars or other obstacles. No blind spot cameras guarantee the security throughout the whole vehicle. The excellent dynamics as well as the high levels of safety and comfort improve the travel experience.
Jeddah, Saudi Arabia – The Helicopter Company (THC), established by the Public Investment Fund (PIF) as the first and only helicopter services provider licensed to operate commercial flights in the Kingdom of Saudi Arabia, today announced that it has signed a second purchase agreement with Airbus (OTC: EADSY) Helicopters.
The agreement was signed by Raid Ismail, Chairman of the Board of THC and Bruno Even, CEO of Airbus Helicopters, in the presence of His Excellency Khalid Al Falih, Minister of Investment and His Excellency Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness.
The partnership will contribute to the ongoing expansion of THC’s regional fleet ahead of announcing an exciting new journey as a General Aviation champion, with twenty orders of the newly launched five bladed H145 and six ACH160 models. All aircraft feature cutting-edge technologies and biofuel-compatible engines, marking a significant milestone in developing alternatives to conventional aviation fuels and achieving decarbonization of helicopter flights.
Launching its services in 2019, THC was established by PIF as part of its strategy to activate new sectors in Saudi Arabia that support the realisation of Vision 2030 and generate long-term commercial returns, while meeting the growing demand for luxury tourism and air travel services. THC previously signed an agreement to buy 10 Airbus H125 helicopters to increase access to domestic tourism destinations and provide services such as filming and aerial surveying – and is now further expanding its services with the addition of the H145 and H160 to its fleet.
The purchase agreement forms part of THC’s ongoing strategic regional alliances with industry leaders, including a recent partnership with The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project. The contract for the provision and operation of a twin engine helicopter, crew and maintenance technicians, facilitates TRSDC emergency medical services (EMS) with alternate configuration change capability for passenger utility transport at TRSDC’s site on the west coast of Saudi Arabia.
Évora, Portugal, April 6, 2021 – The Embraer (NYSE: ERJ) FLEXCRAFT, a modular and remotely piloted aircraft concept, which allows quick reconfiguration of the cabin for multiple missions, won the International Design Awards (IDA) in the Transport Design category.
With the ability to land and take off on short lanes and use alternative energy sources, the concept seeks to foster ideas for transforming the future of air mobility, combining the human, technological, social and economic perspectives in a sustainable manner. IDA highlighted the passenger experience through the flexibility of fuselage design and new technologies.
The futuristic project was the result of a Portuguese consortium led by Sociedade de Engenharia e Transformação, SA (SET.SA) that brought together Embraer Portugal, Instituto Superior Técnico (IST), Almadesign, Instituto de Ciência e Inovação em Engenharia Mecânica e Engenharia Industrial (INEGI), plus the support from Embraer SA (Brazil). The initiative was funded by the Portugal 2020 program, under the Operational Program Competitiveness and Internationalization through the European Regional Development Fund.
The scientific research aimed to raise the critical technologies of this concept in an integrated way, such as configuration, flexibility solutions and production and material processes. Through the FLEXCRAFT project, it was possible to evaluate the development of new production processes, eco-efficient technologies, and the integration of new materials, among other research fronts.
AirAsia Group Berhad (Kuala Lumpur: 5099.KL) is pleased to announce that Dr. Stanley Choi Chiu Fai has joined the Group as a substantial shareholder via his wholly-owned entity Positive Boom Ltd. on 18 February 2021. He acquired 167.1 million AirAsia shares in the first tranche of the private placement, raising his shareholding in the group to 332.5 million shares equating to a 8.96% stake.
Dr. Stanley Choi is the Chairman of Head & Shoulders Financial Group, as well as the Chairman and Executive Director of International Entertainment Corporation (IEC), a company listed on the main board of Hong Kong Stock Exchange (1009.HK). He is also the only co-founding member from Hong Kong for YunFeng Capital – a private equity fund started in 2010 by a group of successful entrepreneurs and influential industry leaders, named after its co-founder Jack Ma Yun, founder of Alibaba Group, and David Yu Feng, founder of Target Media.
His previous directorships include his appointment as Executive Director of Target Insurance (Holdings) Limited (stock code: 6161.HK) from 2014 to 2019, Director of ZhongAn Online P&C Insurance Co. Limited (stock code: 6060.HK) from 2013 to 2016 and Executive Director of Media Asia Group Holdings Limited (stock code: 8075.HK) from 2011 to 2015.
The successful businessman possesses more than 20 years of experience in financial services and merger & acquisition transactions, with a particular focus on private equity investment. He was a seed investor of Kidswant, a Chinese-startup that has now become a leading maternity, baby and children’s product retailer in China with a valuation of over USD3 billion.
Dr Stanley Choi, Chairman of Head & Shoulders Financial Group said: “It is my great pleasure and honour to gain a substantial ownership stake in AirAsia Group – the world’s best low cost airline and one of Asia’s biggest known brands that has successfully pivoted into digital business as well. I believe the worst period in the aviation industry’s history has now passed. I am confident that air travel will bounce back and that under Tan Sri Tony’s and Datuk Kamarudin’s leadership, and with vaccines being rolled out across the region and globally, AirAsia has a very bright future ahead. I look forward to working with everyone at AirAsia.”
Datuk Kamarudin Meranun, Executive Chairman of AirAsia Group said: “We are thrilled to welcome Dr Stanley Choi as a strategic shareholder of AirAsia Group, bringing an impressive track record and solid reputation as a business powerhouse to our Group. We are confident that he will add value to our digital business development in China through his vast experience and network with top digital players in the country.
Dr Stanley Choi graduated with a Master’s Degree of Science from the University of Illinois at Urbana Champaign, United States in 1996. In 2013, he obtained a Doctoral Degree of Business Administration from the City University of Hong Kong.
The re-opening of the rail line between Whangārei and Swanson in West Auckland is a significant achievement and has immediately boosted KiwiRail’s ability to deliver freight services for New Zealanders.
The track opened last week and today KiwiRail will begin receiving some of the containers unloaded from the ANL vessel Tianjin Bridge which berthed at Northport on Friday. These will be trucked to the rail line in Whangārei and taken to Auckland by train, while the rest of the containers will be moved south by road to their destination.
Fewer trucks on roads also means less congestion, lower road maintenance costs, and greater road safety.
It also means fewer emissions. Every tonne of freight carried by rail produces 70 per cent fewer greenhouse gas emissions than the equivalent freight carried by road.
The project to improve the North Auckland line, which was in a poor state after years of under-investment, began only a year ago. Funded by the Government’s Provincial Growth Fund, the work included replacing five bridges and lowering tracks in 13 tunnels in just seven months, to allow the passage of hi-cube shipping containers in and out of Northland by rail. These hi-cube containers are standard in international shipping.
All the new and rehabilitated structures have clearance through the tunnels for electrification to be added later, which helps to further improve the network’s resilience over time.
More than 400,000 hours went into the construction phase of the project, which marked its completion with the running of a test train last week carrying trial hi-cube export size containers. The train ran successfully along the length of the line, following an early morning blessing in Whangarei and by late last week, freight trains were again running.
KiwiRail does not yet have a spur directly to Northport but the PGF funding has allowed us to begin buying land along the route. In the meantime, freight is trucked from the port to the rail line in Whangārei, then carried by rail, south to Auckland and other destinations.
With freight volumes in the region expected to increase from 18 million tonnes a year currently to 23 million tonnes by 2042, rail is a crucial part of developing an efficient, integrated transport system for Northland. Across New Zealand, KiwiRail is working hard to support importers and exporters, and to increase its share of the freight market.
The COVID-19 pandemic had a significant impact on KiwiRail’s bottom line for the past financial year, but rigorous operational changes and cost savings measures have helped stabilise the business, KiwiRail chairman Brian Corban says.
KiwiRail Holdings Limited, New Zealand’s national rail provider, which also operates the Interislander ferry service across Cook Strait, today reported an operating surplus of $40 million1in FY20 for the KiwiRail Group, down $15 million compared with FY192.
FY20 was also notable for the additional $1.2 billion of Crown funding allocated in Budget 2020, including $400 million to progress the iReX project to replace the three ageing Interislander ferries with two brand new ones. When they arrive, they will be the first new purpose-built ferries in Interislander’s fleet for 25 years. The Budget 2020 allocation also allows the purchase of new locomotives.
Mr Miller explains that COVID-19 interrupted progress on some significant projects including the rejuvenation of the North Auckland Line where $35.5 million of $164.5 million allocated by the Provincial Growth Fund was spent during the year. More than 400 staff, contractors and sub-contractors are at work building tracks, replacing bridges and making tunnels suitable for wagons carrying hi-cube containers in Northland.
Other highlights during the year included the full return to service of the Main North line through Kaikōura and, in Wellington, work advanced on upgrading the metro network including construction starting on a second 2.7km track between Trentham and Upper Hutt.
1 Operating surplus represents earnings before depreciation & amortisation, interest, impairment, capital grants and fair value changes.
2 FY19 Operating surplus of $55m excludes impact of non-recurring items ($29m Holidays Act remediation).
SBB and ÖBB are stepping up their long-standing cooperation in international passenger services. The two railway companies are seeking to scale up the existing night train services from six to ten lines. Planning is underway for new night trains from Switzerland to Amsterdam, Rome and Barcelona. Last week, SBB and ÖBB signed a corresponding Letter of Intent. The planned expansion of services can only be guaranteed with financial support from the Swiss climate fund.
Demand for international night train services significantly increased in 2019 and at the start of 2020 until the coronavirus crisis struck. The number of passengers using night train services from Switzerland grew by over 25 per cent with respect to the previous year. The two partner railways consider this a sustainable trend given the significant rise in customer demand for environmentally friendly and resource-efficient travel. There is clear evidence to show that night trains have a positive effect on overall emissions, as they generate modal shift from other modes of transport to rail. ÖBB and SBB share the goal of shifting more travel to rail and thus contributing to a reduction in CO2 emissions from the travel sector. This commitment reflects the aims of the Paris Agreement on climate change and the political and public will to develop an attractive night train network as an important component of environmentally friendly and sustainable mobility in Europe.
With its 19 Nightjet lines and eight further services provided in cooperation with partner railways, ÖBB already runs Europe’s largest night train network. This includes the network from Switzerland run in cooperation with SBB, comprising six lines and one additional service. SBB and ÖBB want to build on this success and expand night train services in Europe together. Over the last few months, the companies have thoroughly tested and evaluated various options for expanding the service. By cooperating, the railway companies will be able to make use of synergies in production and marketing of the service offer and save on costs. In the Letter of Intent signed last week, the two railway companies presented their strategy for expanding services as outlined in “2024 Nightjet Network for Switzerland”. The plans involve expanding the Nightjet network from Switzerland to incorporate a total of ten lines and 25 destinations.
Cornerstones of the expansion plan:
– From 2022 timetable onwards: new Nightjet connection to Amsterdam. As a first step in the expansion process, the two railway companies want to launch a new daily Nightjet service running Zurich–Basel–Frankfurt–Cologne–Amsterdam in December 2021. However, the very limited availability of rolling stock suitable for night train services restricts short-term service expansion. SBB therefore intends to lease suitable rolling stock from German leasing company RDC Asset GmbH.
– Increasing capacity on services to Berlin, Hamburg and Prague and new connection to Leipzig and Dresden. The services currently provided from Zurich via Basel to Berlin and Hamburg are increasingly popular. Capacity on this route will therefore be expanded significantly. SBB and ÖBB wish to serve both destinations with two separate trains covering the whole route, if possible from the 2023 timetable change. This will enable a significant capacity increase. They also plan to run the service to Prague via Germany as a portion of the Berlin Nightjet with sleeping cars and couchettes. The new route would also provide a direct connection to Leipzig and Dresden.
– Plans for new connections to Rome and Barcelona. There are plans for a new line connecting Zurich via Bern, Brig, Domodossola to Rome. A daily connection from Zurich via Bern, Lausanne, Geneva to Barcelona is also planned. This would also integrate French-speaking Switzerland directly into the night train network. It is not yet clear whether it will be possible to run these two lines, as agreements with other partner railways are yet to be reached.
To ensure that night train services can be expanded in the medium to long term, ÖBB is also investing in new rolling stock. The new night train sets are to come into service gradually over a period of time.
SBB and ÖBB are campaigning for greater political support for night trains.
Alongside the planned service expansion, SBB, ÖBB and other partner railways are campaigning for transport policies which facilitate night train operations in Europe. In Switzerland, the total revision of the CO2 Act after 2020 is being debated in the autumn session of the Federal Parliament. The Act provides for support for cross-border rail services from the climate fund. Last week, the Swiss Parliament voted in favour of supporting international passenger services, including night trains. While subject to a final vote and a possible referendum, financial support from the climate fund would compensate for the losses SBB would sustain given the high operating costs night train services involve.
ÖBB is the largest provider of night train services in Europe and has contributed significantly to maintaining night trains services from Switzerland in its existing partnership with SBB. Andreas Matthä, ÖBB CEO, said: “We have no doubts about the Nightjet’s success. With SBB as a committed and effective partner, we can continue to expand the Nightjet network even further. We are investing in new trains: 13 latest generation Nightjet sets will be in operation from the end of 2022. With additional services and modern rolling stock, taking the night train will become an even more attractive option.”
SBB CEO Vincent Ducrot has no doubt that demand for fast daytime services and night trains will continue to grow. “This is a sustainable trend and the demand for environmentally friendly and resource-efficient mobility will continue to increase.”
SBB and ÖBB consider night train services as an important element of the overall service offer and see great potential for creating synergies with daytime services. An attractive rail offer helps to achieve the goal of modal shift from short-haul flights to rail.
– New Documentary Celebrates Workforce Response to Covid-19
https://youtu.be/lYHgV2u1T2Y
DEARBORN, Michigan, Sept. 4, 2020 – Following completion of its 50,000th ventilator to help clinicians treat COVID-19 patients, Ford is pivoting to target production of 100 million masks through 2021 for communities across the U.S. with limited access to personal protective equipment. The company, currently manufacturing 2.5 million medical-grade masks a week for its employees and at-risk communities, is growing the number of mask-making machines by mid- to late-October to increase production and deliver on its goal.
Ford is working with Ford Motor Company Fund, the company’s philanthropic arm, to identify donation recipients across the U.S. through a network of nonprofit and state and local partners. The company is focusing on military veterans, schools, food banks and African American communities, among others.
This announcement comes ahead of a new short documentary by award-winning director Peter Berg (“Friday Night Lights,” “Patriots Day,” “Lone Survivor”) titled “On the Line.” Premiering on YouTube at 2 p.m. EDT today, the documentary focuses on Ford’s Project Apollo, the internal codename for the company’s all-out effort to design and manufacture personal protective equipment, including powered air-purifying respirators, face shields, medical gowns for healthcare workers and first responders, plus ventilators for COVID-19 patients.
Berg’s deep dive into the story features members of Ford’s Project Apollo team – from the engineers who led the project to the UAW team members who volunteered to work at the height of the pandemic.
Last week, Ford Motor Company Fund shipped 10 million face masks to the National Urban League, American Red Cross, Disabled American Veterans and other local organizations to protect against COVID-19.
Ford, in partnership with the UAW, has produced more than 72 million pieces of personal protective equipment to meet the enormous demand. Altogether, this amounts to:
– More than 45 million face masks and 20 million face shields
– 50,000 patient ventilators
– More than 32,000 powered air-purifying respirators in collaboration with 3M
The Helicopter Company (THC), which is fully owned by the Public Investment Fund (PIF) of Saudi Arabia, today announced that it has signed a purchase agreement with Airbus Helicopters to purchase 10 H125 helicopters. The deal comes as part of THC’s commitment to further expand its fleet and introduce new services that fulfill market demand and support the development of the Kingdom’s wider aviation sector.
Considered a multi-task aircraft, the Airbus H125 can carry up to six passengers and be easily reconfigured to suit varying requirements. THC will utilize the new additions to its fleet to roll out new services related to scenic tourism and aerial work such as filming, banner towing, and surveying.
Commenting on the purchase agreement, Capt. Arnaud Martinez, CEO of THC said: “By signing this agreement, THC has taken a massive step in expanding its fleet and implementing its ambitious operational plan. We are proud to be contributing to the advancement of Saudi Arabia’s tourism and aviation industries through our innovative air transport services that guarantee passengers a one-of-a-kind experience to relish the beauty of the Kingdom from above. I would like to thank our partners at Airbus Helicopters who have ensured we have reached an agreement that matches our requirements, and we look forward to furthering our collaboration in the near future. I would also like to extend our thanks to PIF for their enduring support since our founding as we work together to advance Saudi Arabia’s aviation industry.”
PIF established THC as part of its strategy to activate new sectors in Saudi Arabia that support the realization of Vision 2030 and generate long-term commercial returns. The Kingdom’s first local commercial helicopter operator, THC has been offering private flights since mid-2019 and is now expanding its services with the addition of the H125 to its fleet. This new agreement will contribute to driving the development of Saudi Arabia’s nascent and increasingly dynamic tourism and aviation industries and support the integration of each sector’s respective value chains.
