Tag: high (Page 1 of 9)

Vietjet Air picks Rolls-Royce Trent 7000 engines for A330neo

February 25, 2024 / WIL BALDWIN

Singapore Air Show, February, 2024 – Vietjet Air has signed a Memorandum of Understanding (MoU) with Airbus Group SE (Paris: AIR) for the purchase of 20 A330-900 widebodies. When the order is finalized, the aircraft will be operated on the carrier’s growing long range network, as well as on high capacity regional services. They will replace the carrier’s current fleet of leased A330-300’s, as well as providing for network expansion.

Rolls-Royce (LSE: RR) today announces a commitment by Vietjet Air for 20 Trent 7000 powered A330neo, which will complement the airline’s existing widebody fleet of seven Trent 700 powered A330ceo aircraft.

With a laser focus on sustainability, Vietjet Air has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, whilst significantly lowering emissions. The reduction in emissions will allow the airline to avoid more than one hundred thousand tons of CO2 over the lifetime of each aircraft.

The Trent 7000 draws on the technology and experience of the most advanced family of engines in the world. As the latest member of the Trent family, the Trent 7000 is based on Trent XWB technology and has delivered exceptional reliability since its entry into service.

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.

Saab receives Gripen order from Hungary

February 23, 2024 / WIL BALDWIN

SAAB AB (Stockholm: SAABb) has today signed a contract with the Swedish Defence Materiel Administration (FMV) and received an order for four additional Gripen C fighter aircraft for Hungary.

This order follows an amendment to the contract between FMV and the Hungarian Government signed in December 2001 regarding 14 Gripen C/D fighters for the Hungarian Air Force. The contract amendment for the four additional aircraft was signed by the Hungarian Ministry of Defence and FMV on 23 February 2024. With this new contract amendment, Hungary will operate a total of 18 Gripen C/D aircraft to protect and defend the Hungarian and NATO airspace.

Saab currently has a contract with FMV regarding support for Hungary’s Gripen aircraft, and Saab is ready to provide additional upgrades and support for the Hungarian fighters beyond 2035.

Saab and the Hungarian Ministry of Defence have also signed an MoU regarding development of high-tech industrial areas and fighter aircraft capabilities. The cooperation includes support for the establishment of a Centre of Excellence for VR technologies in Hungary.

Forward-Looking Statements

Qatar Airways Holidays launches Formula 1® 2024 Season packages

February 19, 2024 / WIL BALDWIN

Doha, Qatar – Qatar Airways, the Global Partner and Official Airline of F1®, in partnership with Qatar Airways Holidays, announced today the launch of its fan packages for the upcoming FIA Formula One World Championship™. The packages allow fans travelling from more than 40 countries to be up-close to high-octane action and enjoy unique experiences.

From the beginning to end of their journey, the packages are designed for fans to enjoy a seamless motorsport extravaganza, with the inclusion of return flights, hotel accommodation, F1® Paddock Club or Grandstand race tickets, and return airport transfers for all global races (excluding Qatar). Packages are available for purchase at: qatarairways.com/f1.

This year, fans are also encouraged to experience guided track tours, pit lane walks and more with the F1® Paddock Club™ packages, featuring savings of up to 20 per cent on global race packages. One of the best spots to watch the action, offering world-class cuisine and free-flowing beverages, the Paddock Club™ is the pinnacle of F1® hospitality. In addition, Qatar Airways Privilege Club members can collect Avios and Qpoints on all fan packages, accumulating rewards to use towards future travel and experiences while helping them retain and quickly reach their next tier. Members can also purchase their package using Cash + Avios.

Saab Q3 2023 results: Growth momentum in an evolving market

October 27, 2023 / WIL BALDWIN

Saab AB (Stockholm: series B: SAABb)President and CEO Micael Johansson says “The geopolitical tensions are impacting our industry and driving the largest increase in defence investments in the last 30 years, particularly in Europe. In the third quarter, high demand for Saab’s broad defence portfolio continued to result in significant order intake, strong sales growth and improved profitability.”

Key highlights Q3 2023

Order intake amounted to SEK 14,977m (7,772) with strong growth in all order sizes in the quarter.
Sales increased to SEK 11,527m (8,751) with an organic growth of 31%, driven by growth in all business areas.
EBITDA increased 28% and amounted to SEK 1,424m (1,115), corresponding to an EBITDA margin of 12.4% (12.7).
Operating income (EBIT) increased 51% and amounted to SEK 859m (568). The EBIT margin was 7.5% (6.5) with improvements in several business areas in the quarter.
Net income for the period increased to SEK 656m (324) and earnings per share amounted to SEK 4.84 (2.28).
Operational cash flow in the quarter was SEK -2,058m (559) mainly due to timing of customer payments combined with higher investments.
Net liquidity position in the quarter was SEK 1.4 bn (0.4).
Upgraded outlook for organic sales growth 2023: organic sales growth to be between 19-23%, compared to previous outlook of 16-20%.

For more information and explanations of the above key ratios, please see www.saab.com/investors/financials/financial-data.

Maersk signs deal with Starlink for its ocean fleet

October 12, 2023 / WIL BALDWIN

Copenhagen, Denmark, October 12, 2023 – A.P. Moller – Maersk (London: 0O77) is embarking on a collaboration with Starlink, the pioneering satellite internet constellation developed by Space Exploration Technologies Corp., commonly referred to as SpaceX. SpaceX was founded in 2002 by Elon Musk of Tesla (Nasdaq: TSLA) fame.

Maersk, the global leader of integrated container logistics, will have Starlink installed on more than 330 own operated container vessels. This will enabling high-speed internet with speeds over 200 Mbps, service that is a leap forward in terms of internet speed and latency bringing significant benefits in terms of both crew welfare and business impact.

The agreement comes after a successful pilot phase where crew members on more than 30 Maersk vessels have had the opportunity to test the Starlink technology – resulting in very positive feedback.

TAAG Angola Airlines to renew fleet with Boeing 787 Dreamliners

October 10, 2023 / WIL BALDWIN

Luanda, Angola, October 10, 2023, PRNewswire, – Boeing (NYSE: BA) and TAAG Angola Airlines announced today that the African carrier is adding the highly fuel-efficient 787 Dreamliner to its fleet with an order for four widebody jets.

TAAG Angola Airlines currently flies five 777-300ER (Extended Range) jets, three 777-200ER’s and seven 737-700’s to 12 destinations across Africa, Europe, South America and China.

Boeing’s Commercial Market Outlook for Africa projects that the continent will need 1,025 airplanes over the next two decades. Overall African air traffic growth is forecast at 7.4%, the third highest among global regions and above the global average growth of 6.1%.

Since revenue service began in 2011, the 787 family has launched more than 370 new nonstop routes around the world. The 787 Dreamliner reduces fuel use and emissions by 25% compared to the airplanes it replaces. Passengers enjoy a better experience with the largest windows of any jet, air that is more humid and pressurized at a lower cabin altitude for greater comfort, large overhead bins, soothing LED lighting, and technology that senses and counters turbulence for a smoother ride.

Germany First Lady Elke Budenbender Christens Berlin Express

October 4, 2023 / WIL BALDWIN

Hapag-Lloyd AG (Frankfurt: HLAG) has officially welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some 300 guests from business and politics, naming patron Elke Büdenbender performed the ceremonial christening of the ship at the Container Terminal Burchardkai (Athabaskakai) in the Port of Hamburg. Among the guests were Peter Tschentscher, the First Mayor of Hamburg, and Daniel Günther, the Minister President of Schleswig-Holstein.

The Hamburg Express class will mark the beginning of a new era for Hapag-Lloyd and its fleet. In total, a dozen state-of-the-art large container ships will be put into service by 2025. Together, these vessels will make an important contribution to Hapag-Lloyd’s efforts to operate its entire fleet in a climate-neutral manner by 2045. Thanks to their cutting-edge dual-fuel technology, they will also be able to operate using non-fossil fuels, such as bio-methane and e-methane, and thereby generate hardly any CO2 emissions.

For the time being, liquefied natural gas (LNG) will be used, which will reduce CO2 emissions by up to 25 percent and soot emissions by 95 percent. In addition, advanced components – such as an optimised hull and a highly efficient propeller – will help the vessels to reduce fuel consumption and thereby greenhouse gas emissions.

The “Berlin Express” was built at the Hanwha Ocean shipyard in South Korea. With a length of almost 400 metres and a capacity of 23,600 TEU, it is the largest cargo ship ever to sail under German flag. The container ships in the Hamburg Express class will exclusively operate on the cargo-intensive Far East route between Asia and Europe. The “Berlin Express” will operate regularly on the FE3 service, which sails between Ningbo and Hamburg, via Xiamen, Kaohsiung, Yantian, Hong Kong, Singapore and Rotterdam.

Rolls-Royce makes Halunder Jet safer and more efficient thanks to NautIQ

September 20, 2023 / WIL BALDWIN

Ensuring engine reliability at sea

To keep a sea-going vessel like the Halunder Jet running reliably and sustainably, the crew need access to a host of relevant data on its condition. That’s where the Rolls-Royce Holdings PLC (OTC: RYCEY) mtu NautIQ Foresight can help.

In the North Sea, the crew onboard the Halunder Jet – a high-speed catamaran operated by ferry company FRS – is transporting passengers between Hamburg, Cuxhaven and Heligoland harbour in Germany.

With just four hours on Heligoland island to visit the ‘Tall Anna’ sea-stack, watch guillemots and gannets, or engage in some duty-free shopping, visitors want to make the most of every minute secure in the knowledge that they’ll be back on the mainland in time to catch their onward connections.

Uptime and reliability, therefore, are top priorities for the Halunder Jet’s operators, closely followed by cutting fuel consumption – an increasingly important consideration amid rising fuel prices and growing environmental awareness.

Thaicom contracts Airbus for a OneSat flexible telecommunications satellite

September 11, 2023 / WIL BALDWIN

Toulouse, France, September 11, 2023 – Thaicom PCL (THCOM), a leading Asian satellite operator and space technology company, has selected Airbus Group SE (AIR) for its new generation software-defined high throughput satellite.

Airbus will provide one of its latest designed satellites – a fully reconfigurable OneSat. This Thaicom satellite will provide extended connectivity in Ku-band over the Asia-Pacific region for millions of users. Thaicom has launched and operated eight geostationary satellites. This is Thaicom’s first flexible satellite, allowing for more adaptability on coverage, frequency and capacity which is crucial in such a dynamic region.

Positioned in orbit at 119.5° East, this state-of-the art satellite will enable Thaicom to propose to other partner operators a share of its satellite’s payload capacity, lowering their costs and still ensuring they have separate control of their individual payload capacity and flexibility.

Airbus will design and manufacture the satellite, and also provide ground control segment components. Airbus plans to deliver the satellite in 2027.

Airbus OneSat can be fully reconfigured in orbit, capable of adjusting the coverage area, capacity and frequency “on the fly” to meet evolving mission scenarios. It builds on the heritage of Airbus’ ultra-reliable Eurostar geostationary telecommunication satellites and the company’s constellation expertise with OneWeb. Development of the OneSat programme is supported by ESA, as well as the French Space Agency (CNES), and the UK Space Agency.

Garmin expands xHD3 series with new magnetron dome radars

September 6, 2023 / WIL BALDWIN

Olathe, Kansas, September 6, 2023, PR Newswire – Garmin (NYSE: GRMN), the world’s most innovative and recognized marine electronics manufacturer, today announced the addition of two radars to the magnetron lineup, the GMR^™ xHD3/HD3 dome radar series. These new radars provide high-definition imaging and the latest platform technology to give boaters, sailors and anglers extra peace of mind on the water.

Now available in an 18” or 24” model, the xHD3 dome radar series adds new premium features for maximum clarity and awareness on the water:

Scan Averaging – a first for Garmin magnetron dome radar – to help filter sea clutter and interference, delivering a clearer display.
Target Size optimizes on-screen object shapes at all range scales through pulse expansion and angular processing.
True Echo Trails shows a historical “trail” of boats on the water, removing relative motion influence to help quickly identify moving targets and potential collision threats.
Rotation Speed up to 60 rpm to improve the redraw rate for faster target updates on a multifunction display (MFD).

GPSMAP 923xsv and GMR 18 HD3 Dome Radar Product Renders

Ensuring engine reliability at sea

Archives