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Repro Free Iarnród Éireann to make transformative investment in signalling to increase the capacity of Cork commuter rail network. Pictured at the announce meant at Kent Station, Cork city were Alstom Ireland Managing Director, Piers Wood; Minister for Finance Michael McGrath TD and Iarnród Éireann Chief Executive Jim Meade. Pic Daragh Mc Sweeney/Provision

Alstom chosen to provide Smartlock Interlocking & ETCS for Cork Area commuter rail

August 23, 2023 /

August 23, 2023 – Alstom (OTC: ALSMY), the global leader in smart and sustainable mobility, has been awarded a groundbreaking contract by Irish Rail (Iarnród Éireann) to revolutionise rail travel and mobility on the Cork Area Commuter Rail (CACR) network. The project, set to enhance the rail service within the Cork metropolitan area, will feature Alstom’s cutting-edge signalling technologies – Smartlock Computer-Based Interlocking (CBI) system and European Train Control System (ETCS).

The CACR project aims to modernise and upgrade 62km of the rail network, stretching from Mallow to Cork, Cobh, and Midleton, creating a seamless, high-frequency unified suburban rail service for the people of Cork.

Alstom’s Smartlock Interlocking System: A Foundation for Safety and Efficiency

At the core of this transformative initiative is Alstom’s Smartlock CBI system. This state-of-the-art technology will serve as the project’s primary foundation, offering a safe, simplified, and maintenance-friendly solution. By directly interfacing with axle counters and trackside objects through SmartIO, the Smartlock system eliminates the need for intermediate relays, ensuring a robust, efficient, and streamlined operation.

ETCS: Ensuring Continuous Train Protection and Efficiency

In addition to Smartlock interlocking, the project will also feature the European Train Control System (ETCS) Level 1 trackside technology. ETCS is a train protection system that guarantees enhanced safety, efficiency, and reliability throughout the Greater Cork area. The implementation of ETCS further strengthens the commitment to safety and ensures a smooth, secure, and eco-friendly rail network.

Date Announced for the 2022 Aer Lingus College Football Classic

May 27, 2021 /

A joint announcement in the US and Ireland has today revealed that Northwestern University (Wildcats) will take on the University of Nebraska (Cornhuskers) in the Aviva Stadium on Saturday, 27 August 2022. The Aer Lingus College Football five-game series was due to start in 2020 but was disrupted due the pandemic so this announcement is a significant milestone in getting the series back on track.

This is the first time that either team has ever travelled to play in Ireland and so, were thrilled to accept the invitation to take to the field and open the 2022 College Football Season at the world-famous Aviva Stadium. Nebraska was set to travel to Dublin later this summer for their game against Illinois, however, it was postponed because of Covid-19.

As Nebraska is one of the most successful American College Football teams in history, and with such strong Irish ties to the city of Chicago where the Wildcats are based, the game is sure to be a huge draw to sports fans here in Ireland as well as across the US and Europe. It is expected that it will also generate a massive €63million for the Irish Economy next year, providing a much-needed boost for the country’s Tourism and Hospitality sectors.

The wholly anticipated fixture is scheduled for week zero, and as both teams are a part of the famed Big Ten Conference, over 18,000 US fans and 5,000 European fans are expected to travel for the game that will be a major international, post-covid event for Ireland. The Series principal stakeholders are Aer Lingus, Failte Ireland, Tourism Ireland and Dublin City Council.

Ticketing / Hospitality & Travel Packages

Hospitality packages for the 2022 game are on sale now through the official corporate hospitality game partner Corporate.ie. Travel packages are on sale through the official travel partner On Location in partnership with Abbey Group Ireland. Corporate group ticketing opportunities will also be launched towards the end of the year. General ticketing information to be released in due course, with a pre-sale sign-up option available on the official game website.

Aer Lingus to Review Social Distancing Following Packed Flight

May 5, 2020 /

LONDON (Reuters) – Irish airline Aer Lingus said it was reviewing its social distancing procedures after a flight on Monday was packed with passengers.

European flights have all but come to a standstill during the coronavirus pandemic with only a few services operating for essential travel such as people going to work or being repatriated, or for cargo.

While there is no visibility on when travel restrictions will ease, airlines are considering how to safely restart services and give passengers confidence to fly.

Aer Lingus, owned by IAG <IAG.L>, said it would consider how it operates after its Belfast to London Heathrow flight on Monday had “unexpectedly high loads” and that due to the level of the demand for the route, it could need to make changes.

“Aer Lingus is reviewing its processes and procedures applicable to the operation of this service,” an Aer Lingus spokeswoman said, adding that safety was its top priority.

Some airlines have discussed leaving middle seats empty on flights to enable social distancing, while other airlines such as Germany’s Lufthansa <LHA.DE> and Hungary’s low cost airline Wizz Air <WIZZ.L> have made it compulsory for passengers to wear face masks on flights.

(Reporting by Sarah Young and Ian Graham; Editing by Kirsten Donovan)

FILE PHOTO: The Aer Lingus EI-DER Airbus A320 makes its final approach for landing at Toulouse-Blagnac airport

CDB Financial Scraps Purchase of 29 Boeing 737 MAX Jets

April 20, 2020 /

SYDNEY (Reuters) – China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co <BA.N> to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of recent cancellations of the grounded airplane.

The model has been grounded globally for more than a year following deadly crashes in Indonesia and Ethiopia.

“In light of evolving aviation market dynamics, we’ve been working together with Boeing over many months to re-calibrate our MAX orderbook to be in line with our long-term view of the market and related opportunities,” Xuedong Wang, chairman of CDB Financial unit CDB Aviation, said in a statement.

The lessor said it retained an order for another 70 of the planes that also have yet to be delivered.

Boeing recorded a total of 150 MAX cancellations in March, including 75 from Irish leasing company Avolon. Boeing remains in talks with regulators seeking approval to return the plane to service, but its customers have also seen a sharp fall-off in demand due to the coronavirus pandemic.

Boeing said in a statement it continued to partner with leasing company customers to help them balance their portfolios in a challenging market.

“As we work to return the 737 MAX to service, our focus remains on addressing our customers’ fleet needs while optimising the delivery of the more than 4,000 airplanes in our 737 backlog,” it said.

“As market conditions normalise, Boeing anticipates that lessors who have restructured or reduced their orderbooks will continue to add MAX aircraft to their portfolios through sale leaseback agreements with airlines,” the planemaker said. “Longer term we expect these lessors will again place orders for direct MAX purchases.”

CDB Financial Leasing said that all 737 MAX 10 jets still on order will be switched to the smaller 737 MAX 8 model, and 20 deliveries will be deferred to dates in 2024, 2025 and 2026.

(Reporting by Jamie Freed; additional reporting by David Shepardson in Washington Editing by Tom Hogue and Muralikumar Anantharaman)

A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton

Irish Department of Defense Orders Two Airbus C295 Aircraft

December 16, 2019 /

Ireland’s Department of Defence has announced the acquisition of two Airbus C295 medium airlifters in a maritime surveillance configuration.

With this new order, the Irish Air Corps will become the 33rd C295 operator worldwide. Both aircraft will be equipped with the Fully Integrated Tactical System (FITS) and specific state-of-the-art mission sensors together with the recently announced Collins Aerospace Pro Line Fusion avionics. 

Alberto Gutiérrez, Head of Military Aircraft at Airbus Defence and Space, said: “We are pleased to welcome the Irish Air Corps to our family of C295 operators, a signal of continued trust from an Air Force that already operates two Airbus CN235s.”

Vodafone Extends Tech Partnership with Ryanair

November 19, 2019 /
FILE PHOTO: Different types of 4G, 5G and data radio relay antennas for mobile phone networks are pictured on a relay mast operated by Vodafone in Berlin

LONDON (Reuters) – Vodafone <VOD> has secured a seven-year technology partnership with Ryanair <RYAAY> to handle services including online booking, passenger boarding and in-flight transactions for the Irish airline in Europe.

The two companies said on Wednesday they had extended an existing partnership for Vodafone Business to support 300 Ryanair sites and some 153 million passengers across 40 countries.

As part of the agreement, the British mobile company will help Europe’s biggest budget airline to speed up the time it takes to connect a new airport or site for use. It should also lead to a faster turnaround of planes.

“Airline passengers will demand even more in the coming years, and we will work alongside Ryanair to help them prepare for the future using our full portfolio of products and services,” said Vinod Kumar, head of Vodafone Business.

Vodafone Business is the mobile operator’s enterprise arm that offers cloud IT services and the connection of unlimited devices on its Internet of Things network for small and multinational companies.

Vodafone Business accounted for 30% of group service revenue in its financial year ending March 31, 2019.

(Reporting by Kate Holton; Editing by Mark Potter)

European Pilot Group Demands Action over Ryanair Sick Leave Policy

November 14, 2019 /

DUBLIN (Reuters) – The European Cockpit Association (ECA) pilot group has urged regulators to take action over what it described as a “safety hazard” caused by Ryanair’s <RYAAY> approach to flight crews’ sick leave, according to a letter seen by Reuters.

Europe’s largest budget carrier has spent the last two years negotiating improved pay and conditions with its pilots and cabin crew after a revolt by some staff forced it to recognize trade unions for the first time.

The ECA, which represents pilots’ associations in 33 European countries, said Ryanair adopts a practice of systematically questioning absences due to certified sickness, leading to investigative and disciplinary meetings where staff are threatened with potential dismissal.

Asked about the ECA’s concerns, a Ryanair spokeswoman said the airline operates “a standard sick pay scheme, and like all employers, manages absenteeisms”.

The airline, which has never had a fatal crash and has one of the youngest fleets in Europe, regularly cites safety as its top priority.

The ECA said it raised the issue with the European Union Aviation Safety Agency (EASA) a year ago but that Ryanair’s “problematic approach” to flight crew’s sickness has not substantially changed.

“In fact, we are concerned that the safety hazard created by this approach remains fully in place, must be considered endemic, and quite evidently is not adequately addressed by the competent national authority: the Irish Aviation Authority (IAA),” the letter dated Nov. 5 said.

A spokeswoman for the ECA confirmed it had sent such a letter to the regulator, the second in a year, and that it was concerned that the safety hazard related to Ryanair’s policy remains unaddressed.

In the letter, the ECA said it was aware that the EASA raised the matter with the IAA following the initial complaint but that the Irish regulator told one of the ECA’s member groups that it was satisfied there was not a systematic issue of crews flying while unfit due to fear of sanction at Ryanair.

The IAA did not immediately respond to a request for comment.

Citing letters sent to staff, the ECA said Ryanair or broker agencies overseeing agency workers used by the airline have gone as far as threatening to halt pilots’ career progression, due to their sickness rate.

The pilot group called on the European regulator to ensure the IAA adequately fulfils its safety oversight role by summoning Ryanair to stop the practice of intimidating letters and investigative proceedings and also carry out an independent confidential survey among Ryanair crew.

(Story by Conor Humphries and Padraic Halpin, editing by Giles Elgood)

FILE PHOTO: A Ryanair commercial passenger jet takes off in Blagnac near Toulouse

Air Lease Corporation Initiates Portfolio Sale of 19 Aircraft to Thunderbolt III Aircraft Lease Limited

November 13, 2019 /

LOS ANGELES, November 11, 2019 – Air Lease Corporation (the “Company” or “ALC”) announced today that the Company initiated the sale of a portfolio of 19 aircraft to Thunderbolt III Aircraft Lease Limited (“Thunderbolt III”), a newly formed entity, and Thunderbolt III has now completed its equity and debt financing transactions.  The aircraft comprise a mix of narrowbody and widebody jet aircraft that, as of August 31, 2019, had a weighted average age of 9.7 years and were leased to 18 lessees based in 15 countries.  ALC and its Irish affiliate, ALC Aircraft Limited, will act as servicers with respect to the aircraft and ALC will act as portfolio manager.  ALC estimates that the process of transfer and sale of the majority of aircraft will occur progressively during Q4 2019 and Q1 2020.

The Thunderbolt III structure included two series of Fixed Rate Notes and Equity Certificates. Approximately 15.6865% of the Equity Certificates were purchased by the anchor investor which is an investment vehicle managed by ITE Management L.P. and approximately 5% of the Equity Certificates were purchased by ALC.

Proceeds from the issuance of the Notes and the Equity Certificates will be used to acquire the aircraft, fund certain accounts for the Notes and pay certain expenses.

“We are pleased to announce the closing of Thunderbolt III. This transaction allows ALC to efficiently sell 19 aircraft while retaining the customer relationships through our continued management of these aircraft.  I would like to thank our team and the Thunderbolt III investors for making this a successful transaction,” said Gregory B. Willis, Executive Vice President and Chief Financial Officer of ALC.

Mizuho Securities acted as Global Coordinator, Mizuho Securities, BofA Securities and Goldman Sachs & Co. LLC acted as Joint Lead Structuring Agents and Joint Lead Bookrunners, Wells Fargo Securities acted as Joint Lead Bookrunner, and BNP PARIBAS, Citigroup, J.P. Morgan, MUFG, RBC Capital Markets, SOCIETE GENERALE and SunTrust Robinson Humphrey acted as Passive Bookrunners (for the Notes) and Co-Managers (for the Equity Certificates).

Hughes Hubbard & Reed LLP acted as U.S. counsel to ALC and the Issuers, and Milbank LLP acted as U.S. counsel to the Global Coordinator, the Joint Lead Structuring Agents and the Joint Lead Bookrunners.  EY acted as U.S. and Irish tax advisors. Walkers acted as Cayman Islands counsel and A&L Goodbody acted as Irish counsel.  Vedder Price P.C. acted as counsel for ITE.

Canyon Financial Services Limited will act as the managing agent for the Issuers.  Citibank, N.A. will act as trustee, security trustee, paying agent and operating bank.  Wells Fargo Bank, N.A. will also act as the liquidity facility provider.  DealVector, Inc. will provide certain investor services for the holders of the Notes and Equity Certificates.

Ryanair Launches Irish Summer 2020 Schedule

September 25, 2019 /

4 New Dublin Routes To Marseille, Palanga, Podgorica & Verona

Ryanair, Ireland’s No.1 airline, today (25 Sept) launched its Irish Summer 2020 schedule, with 160 routes in total, including 4 new Dublin routes Marseille, Palanga, Podgorica and Verona, and 3 new summer services from Cork to Katowice and from Dublin to Billund and Toulouse, which will deliver 17.2m customers p.a. and support 12,900* jobs at Dublin, Shannon, Cork, Knock and Kerry airports.

Ryanair’s Irish Summer 2020 schedule will deliver:

At Dublin: 

  • 4 new routes: Marseille (5 per week), Palanga (3), Podgorica (2) & Verona (3)
  • 2 new summer services: Billund (2), Toulouse (daily)
  • More flights on 4 other routes: Bristol (3 daily), Bydgoszcz (3), Riga (daily) & Vilnius (4)
  • 105 routes in total
  • 14.3m customers p.a.
  • 10,725* “on-site” jobs p.a.

Shannon: 

  • 15 routes in total
  • 775,000 customers p.a.
  • 580* “on-site” jobs p.a.

Cork: 

  • 1 new summer service to Katowice (2)
  • More flights on 2 other routes: Malaga (6) & Palma (4)
  • 23 routes in total
  • 1.2m customers p.a.
  • 900* “on-site” jobs p.a.

Knock: 

  • 11 routes in total
  • 600,000 customers p.a
  • 450* “on-site” jobs p.a.

Kerry: 

  • 6 routes in total
  • 310,000 customers p.a.
  • 210* “on-site” jobs p.a.

Irish consumers and visitors can now book their holidays on 160 routes as far out as October 2020, flying on the lowest fares and with the greenest/cleanest major airline in Europe, with the lowest CO2 emissions.

To celebrate, Ryanair has launched a seat sale with fares on its Irish routes available from just €14.99, for travel until the end of November 2019, which must be booked by midnight Friday (27 Sept), only on the Ryanair.com website.

In Dublin, Ryanair’s Kenny Jacobs said:

“Ryanair is delighted to bring the lowest emissions and fares to Ireland with our Summer schedule 2020, with 4 new Dublin routes to Marseille, Palanga, Podgorica and Verona, and 160 routes in total, which will deliver 17.2 million customers p.a. and support over 12,900* jobs at Dublin, Shannon, Cork, Knock and Kerry airports.

Irish customers and visitors can now book low fare seats on 160 routes as far out as October 2020. To celebrate, we are releasing seats for sale from just €14.99 for for travel until the end of November 2019, which are available for booking until midnight Friday (27 Sept). Since these amazing low prices will be snapped up quickly, customers should log onto www.ryanair.com and avoid missing out.”

Niall Gibbons, CEO of Tourism Ireland, said:

“Against the current economic backdrop, we welcome the fact that Ryanair capacity for 2020 will be up by +1%. Most of the routes which are important for Irish tourism will be retained and we look forward to co-operating with Ryanair to maximise the promotion of its new flights from Marseilles and Verona to Dublin Airport. As an island, the importance of convenient, direct, non-stop flights cannot be overstated – they are absolutely critical to achieving growth in inbound tourism.”

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