Las Vegas, Nevada, October 3, 2023, PRNewswire – Allegiant Travel Company (NASDAQ: ALGT) announces financing commitments for seven Airbus A320 and four Boeing 737 MAX aircraft from BNP Paribas, Europe’s leading bank, and Jackson Square Aviation (JSA), a leading global commercial aircraft lessor.
The innovative $412M deal combines banking and lessor capital to secure Allegiant’s aircraft financing needs into the second quarter 2024, while providing the airline with healthy liquidity at an attractive cost in today’s market.
Allegiant has drawn down $196 million on September 29, and the remainder will be drawn commensurate with its initial 737 MAX deliveries.
Allegiant currently operates an all-Airbus fleet comprised of 127 Airbus A319’s and A320’s.
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.
Seoul, South Korea –Airbus (OTC: EADSY) Helicopters and Korea Aerospace Industries (KAI) have signed an agreement to initiate the serial production phase of the Light Armed Helicopters (LAH). This follows the contract awarded by the country’s Defence Acquisition Programme Administration to KAI in December 2022 to supply an initial batch of ten LAH to the Republic of Korea Army. Deliveries will begin at the end of 2024, with follow-on orders to continue into the next decade.
This agreement will see Airbus Helicopters and KAI enter into the next phase of the programme, ramping up production of the LAH at KAI’s Sacheon facility in South Korea. Airbus Helicopters will support KAI’s order fulfilment with delivery of the required kits for the mass production.
The two companies have also signed an agreement to deepen their commitment in the joint Korean Utility Helicopter (KUH Surion) programme, to meet a wide range of operational requirements for the military, civil and parapublic markets.
This follows the recent launch of the joint development of new KUH variants, such as the Marine Attack Helicopter and Mine Countermeasure Helicopter, and their corresponding future versions. These programmes will benefit from Airbus Helicopters’ expertise in flight control systems and helicopter drive systems, and KAI’s industrialisation capability for local production. Airbus Helicopters is also committed to supporting KAI for additional serial deliveries.
Leonardo welcomed the announcement by the U.S. Department of Defense to award AgustaWestland Philadelphia Corp. a $159.4 million USD firm-fixed price modification to the previously awarded contract for the U.S. Navy’s Advanced Helicopter Training System. This modification exercises options for the production and delivery of 36 TH-73A helicopters Lot III and initial spares.
In January 2020 Leonardo, through AgustaWestland Philadelphia Corp., was awarded a firm-fixed-price contract valued at $176 million for the production and delivery of an initial 32 TH-73A helicopters, along with spares, support, dedicated equipment, and specific pilot and maintenance training services.
In November 2020, the second lot of aircraft were ordered through a $171 million contract modification, an additional 36. The lot III brings the total number of aircraft on order to 104. The total requirement is for 130 aircraft. The TH-73A will be used to train the next generation of student aviators from the U.S. Navy, Marine Corps and Coast Guard and is only made at Leonardo’s FAA-certified Part 21 Production Line in Philadelphia, PA.
Melbourne, Florida, December 6, 2021 – Eve Urban Air Mobility Solutions (Eve), an Embraer (NYSE: ERJ) company, and Sydney Seaplanes, a leader in the transition to sustainable aviation, today announced a partnership that will lay the foundation for new electric air taxi operations in Greater Sydney. With the partnership, Sydney Seaplanes has placed an order for 50 of Eve’s electric vertical takeoff and landing aircraft (eVTOL), with progressive deliveries expected to commence from 2026.
The new partnership accelerates the progress towards 100% of greater Sydney’s local tourism and commuter flights coming from zero emission electric aviation.
Benefitting from a startup mindset and backed by Embraer’s more than 50-year history of aircraft manufacturing and certification expertise, Eve unveils a unique value proposition by positioning itself as an ecosystem partner by offering a suite of products and services with the highest levels of safety standards. Eve’s human-centered, eVTOL design combines disruptive innovation and a simple and intuitive design. In addition to the aircraft program, Eve is harnessing the expertise of both Embraer and Atech, a subsidiary of the Embraer Group, in providing globally recognized air traffic management software to create the solutions that will help safely scale the UAM industry going forward.
Jet2.com has placed an initial order for 36 A321neo’s. The Leeds, United Kingdom, based airline is a new Airbus (OTC: EADSY) customer, as well as new to the Airbus A320neo family. The order reflects Jet2.com’s ambitious fleet expansion and renewal plans. Engine selection will be made at a later date.
The aircraft will be configured for 232 seats with an Airspace cabin featuring innovative lighting, new seating products and 60 percent larger overhead baggage bins for added personal storage.
The A320neo Family incorporates the latest technologies, including new generation engines and Sharklets, delivering a 20 per cent reduction in fuel consumption per seat. With an additional range of up to 500 nautical miles/900 km. or two tonnes of extra payload, the A321neo will deliver Jet2.com with additional revenue potential.
At the end of July 2021, the A320neo Family had won over 7,400 firm orders from over 120 customers worldwide.
Paris, France 4 March 2020 – Within the Syracuse IV programme, Airbus (Paris: AIR.PA) has been awarded a 10-year framework agreement called Copernicus for the construction and upgrading of part of the ground segment for the telecommunications satellites used by the French Armed Forces. As part of Copernicus, the French Directorate General of Armaments (DGA) has placed an initial order worth more than € 100 million.
Dominique Maudet, Head of French Defence Sales at Airbus Defence and Space said: “We are building the future broadband and multi-satellite ground segment for France’s Armed Forces. It will be fully integrated, intelligent and dynamic, giving operators access to a decision-making tool unique to satellite communications management.”
This first order specifically covers the development of the future satellite communications management system for the French Ministry of Defence. This unique portal called Pegasus, accessible to all units, will enable the French Armed Forces to optimise use of the available capacities on military and commercial satellites. It will make it possible to coordinate requests entered by central military staff or any unit deployed on the ground, at sea or in the air. Allocation of satellite capacities will be optimised in terms of operational criteria completed by the units, such as the type of terminals used, ground cover, level of cyber security, jamming resistance, as well as the need for availability.
The Copernicus project also aims to increase the operability of Comcept, the multi-satellite communications network designed by Airbus and commissioned by the French armed forces in 2017. Comcept uses the broadband Ka-band transmission capacities of the Franco-Italian military satellite ATHENA-FINDUS, in addition to the Ku- and C-band capacities of commercial satellites. Thanks to these developments, Comcept will also be able to use the high-speed Ka-band of future satellites SYRACUSE 4A and 4B.
Different elements of the SYRACUSE IV programme’s future ground segment and the Pegasus portal will enable the French armed forces to use the entire spectrum of satellite capacities efficiently and dynamically, from the most secure and resilient to the high-speed and wide coverage capacities, in all areas of operations.
The Norwegian Armed Forces has signed a framework agreement with Saab for the Carl-Gustaf M4. Saab has received an initial order for Carl-Gustaf M4 weapons with deliveries in 2021.
The recently signed framework agreement allows the Norwegian customer to place orders for Carl-Gustaf M4, associated equipment and training systems during a 7-year period.
The Norwegian Armed Forces has been a user of the Carl-Gustaf M2 system since early 1970’s. Today the M2 and the M3 versions are used within the Norwegian Armed Forces.
“We welcome the latest user to the Carl-Gustaf M4. It’s a great success to continue to support the Norwegian Armed Forces, this time with our future ready Carl-Gustaf M4”, says Görgen Johansson, head of Saab’s business area Dynamics.
Carl-Gustaf M4 is the latest version of the portable, shoulder-launched, multi-role weapon system. It gives users a wide range of engagement options and allows troops to remain agile and effective in any scenario. It builds on the system’s formidable capabilities, offering a higher degree of accuracy, lighter construction and compatibility with future innovations. The M4 is also compatible with intelligent sighting systems and future technology developments, such as programmable ammunition. Since the launch in 2014, Saab has signed contracts with fourteen different nations for Carl-Gustaf M4.
A Southwest Airlines jetliner taxis to a runway for take off at Denver International Airport as travellers deal with the effects of the new coronavirus Wednesday, June 10, 2020, in Denver. (AP Photo/David Zalubowski)
Southwest Airlines Company (NYSE: LUV) today published its initial flight schedules for both Chicago O’Hare International and Colorado Springs Municipal airports as the carrier continues expanding to bring the value and Hospitality of Southwest closer to more travelers and offers more destinations to fly for leisure and business travel.
“Our low fares and friendly policies, like no change fees* and bags fly free**, mean more today as they give people the peace of mind to book travel beyond 2020. We’re growing the reach of Southwest as we add more destinations across the United States while bringing our warm Hospitality and iconic Customer Service to more people than ever before,” said Andrew Watterson, Southwest Airlines Chief Commercial Officer and Executive Vice President. “These additional investments in Chicago and Colorado provide even more convenience for our current Customers while also making it more convenient for new travelers to choose Southwest as we begin service from their preferred airport.”
*Southwest has never charged change fees. A fare difference might apply. **Southwest allows travelers to check up to two bags for free (size and weight limits apply).
Chicago (O’Hare) service begins February 14, 2021 More than 35 years after landing at Chicago Midway International Airport, Southwest will expand its footprint in the Chicagoland area, adding complementing service from Chicago O’Hare International Airport starting Feb. 14, 2021. The carrier’s initial service will offer 20 departures daily from O’Hare, and the new service is available for purchase at Southwest.com with fares as low as:
– $39 one-way nonstop between Chicago (O’Hare) and Nashville (four times daily);
– $79 one-way nonstop between Chicago (O’Hare) and Baltimore/Washington (four times daily);
– $89 one-way nonstop between Chicago (O’Hare) and Denver (six times daily);
– $99 one-way nonstop between Chicago (O’Hare) and Dallas (Love Field) (four times daily)
– $109 one-way nonstop between Chicago (O’Hare) and Phoenix (twice daily).
The number of seats, days of week, and markets for these fares are limited. See full fares, and specific terms and conditions below and at Southwest.com.
During its more than three-decades of service to Chicago, Southwest has grown to become Chicago Midway’s largest airline while also employing more than 4,800 People in the city.
Colorado Springs service begins March 11, 2021 Southwest will also launch service from its fourth destination in Colorado when it takes off from Colorado Springs Municipal Airport on March 11, 2021. The new service links the Pikes Peak region nonstop with up to 13 flights a day to destinations across Southwest’s growing network. The new service is available now at Southwest.com with fares as low as:
– $29 one-way nonstop between Colorado Springs and Denver (four times daily);
– $59 one-way nonstop between Colorado Springs and Las Vegas (twice daily);
– $59 one-way nonstop between Colorado Springs and Phoenix (twice daily);
– $69 one-way nonstop between Colorado Springs and Dallas (Love Field) (three times daily)
– $89 one-way nonstop between Colorado Springs and Chicago (Midway) (twice daily).
Southwest continues growing across Colorado with new seasonal service to both Montrose (Telluride) and Steamboat Springs (Hayden) beginning Dec. 19, 2020. Just a few weeks later, on Jan. 3, 2021, Southwest will celebrate its 15th anniversary of service to Denver where it now employs more than 4,000 People and currently offers up to 220 nonstop departures per day during peak travel periods.
Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a guarantee for the required 10 percent for the first tranche of 300 million Norwegian kroner (NOK). Norwegian will secure the necessary headroom to pursue further guarantees from the Norwegian Government.
Government measures On Thursday 19 March, the Norwegian Government proposed a guarantee of NOK 6 billion for the Norwegian airline industry, of which up to NOK 3 billion is directed to Norwegian. The guarantee will be up to 90 percent from the Norwegian Government provided that financial institutions contribute with the remaining 10 percent. The guarantee scheme will consist of three tranches with a maximum two years maturity.
Since Thursday evening Norwegian has worked with banks and financial institutions and is pleased to announce that two Nordic banks have obtained credit committee approval to contribute with the 10 percent required in guarantee for Tranche I and to provide the NOK 300 million in financing backed by the guarantee from the Norwegian Government. The Company is working with the banks and the Norwegian Export Credit Guarantee Agency (“GIEK”), who will administrate the guarantee scheme, on the documentation in order to obtain the NOK 300 million in liquidity as soon as possible.
The Company is now working with GIEK and the Ministry of Trade, Industry and Fisheries to clarify the criteria and terms related to the remaining tranches under the scheme and to obtain further guarantees from financial institutions in order to back such remaining tranches. Norwegian will update the market with its further plan of action and implications for its stakeholders as soon as the criteria and terms have been finalized. The Government guarantee scheme is crucial for the Company as the current state of the capital markets in combination with the challenging times for the airline industry limit the options available. The first NOK 300 million will create necessary headroom to pursue the remaining tranches of the guarantee scheme.
Operational update Currently, most of the fleet is grounded and Norwegian has reduced its operations to a minimum. The airline will now primarily operate domestically in Norway and Sweden and between the Nordic capitals, in order to deliver on its corporate responsibility of maintaining critical infrastructure so that people and necessary goods and medical supplies can be transported during this unprecedented crisis. The limited schedule will remain in place until further notice. In addition, Norwegian has conducted repatriation flights together with the authorities in order to get citizens of Norway, Denmark and Sweden back home.
In order to reduce cost, Norwegian has temporarily laid off approximately 90 percent of its workforce and will continue to implement additional cost measures going forward.
