Saint-Cloud, France, August 22, 2023 – Today, the European Aviation Safety Agency (EASA) issued the type certificate for the Dassault (AM.PA) Falcon 6X, followed by the U.S. Federal Aviation Administration (FAA).
These certifications conclude a more than two-year-long test campaign during which 1,500 flight hours were logged worldwide. It is a significant step on the path to entry into service for the Falcon 6X, with the first units undergoing final completion.
The Falcon 6X is the most spacious, advanced and versatile twinjet in the long-range business jet segment. It has been recognized with various design awards, including the Red Dot Award and the International Yacht & Aviation Award.
Finnair Plc (OTC: FNNNF) announces that it will exercise its right to redeem its EUR 200 million capital securities issued on 3 September 2020 (ISIN: FI4000441860) (the “Capital Securities“).
The Capital Securities will be redeemed in full on 1 September 2023 (the “Redemption Date“) in accordance with the terms and conditions of the Capital Securities. On the Redemption Date, the Company will pay to the holders of Capital Securities a redemption price equal to the principal amount of the note together with any accrued interest to, but excluding, the Redemption Date.
This notice of redemption is irrevocable and is given to the calculation agent and holders of the Capital Securities in accordance with the terms and conditions of the Capital Securities.
Third corporate bond of 1.5 billion euros issued in 2021
Lufthansa Group takes advantage of favorable market conditions
Placement with two maturities of two and five-and-a-half years complements Lufthansa Group’s maturity profile
Deutsche Lufthansa AG (OTC: DLAKY) has again successfully issued a bond with a total volume of 1.5 billion euros. The bond, with a denomination of 100,000 euros, was placed in two tranches with terms of two and five-and-a-half years respectively. The tranche with a term until 16 November 2023 has a volume of 600 million euros and bears interest of 1.625 percent per year. The tranche with a term until 16 May 2027 has a volume of 900 million euros and bears interest of 2.875 percent. The two tranches over two and five-and-a-half years fit perfectly into the Group’s maturity profile.
Remco Steenbergen, Chief Financial Officer of Deutsche Lufthansa AG, stated: “The long-term funds, which were again raised at attractive terms, will be used to further strengthen the Lufthansa Group’s liquidity and refinance existing debt. This placement is one of several successful capital market transactions that we have executed since the end of last year and will further contribute to the full repayment of the government stabilization measures in Germany.”
Japan Airlines (JAL) has requested for approval from Japan`s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to set the level of fuel surcharge on international passenger tickets purchased in Japan between October 1 and November 30, 2021.
JAL sets fuel surcharge levels bimonthly based on the two-month average price of Singapore kerosene-type jet fuel. The price of Singapore kerosene-type jet fuel during the two-month period of June and July 2021 averaged USD76.67 per barrel, which accounted for JPY8,449 in the average exchange rate of JPY/USD 110.19 during the same period.
As a result, with reference to the fuel surcharge benchmark list for FY2021, this corresponds to Zone C. From October 1 to November 30, 2021, the fuel surcharge will range from JPY600 on a Japan-Korea ticket to JPY11,600 on a Japan-USA ticket per person per sector flown, for travel originating in Japan.
Fuel Surcharge for the period: October 1 ~ November 30, 2021
(*1) Russia -> Irkutsk (*2) Russia -> Novosibirsk – For full details about JAL’s fuel surcharge policy, please refer to http://www.jal.co.jp/en/inter/if.html – The surcharge applies to flights operated by Japan Airlines as well as code-share flights operated by other airlines. – The planned level of fuel surcharge is subject to government approval.
Hamburger Hochbahn AG
Innovationslinie
19.02.2015
Fotograf: Marc-Oliver Schulz
0170-3108004
mail@moschulz.de
Hamburger Hochbahn AG
Innovationslinie
19.02.2015
Fotograf: Marc-Oliver Schulz
0170-3108004
mail@moschulz.de
Hamburger Hochbahn, one of the largest public transport operators in Germany, issued a tender this year for the supply of 530 twelve and eighteen metre-long (articulated) electric buses. In August, three candidate manufacturers were selected, one of these being the CAF Group subsidiary. The framework agreement establishes tranche orders for the vehicles over the next 5 years until completing the delivery of the aforementioned total of 530 vehicles.
Solaris received its first firm order for units under the framework agreement, specifically 5 12- metre and 5 18-metre e-buses, which will be delivered to Hamburg in October 2021.
The two selected electric models, the Urbino 12 and the Urbino 18 belong to Solaris’ range of emission-free and extremely low-noise vehicles. Both vehicles will be equipped with Solaris High Energy + high-capacity batteries, integrated axle drive motors and also featuring plug-in charging devices for availability ranges of up to several hundred kilometres on a single charge.
The vehicles will also be equipped with temperature pre-conditioning to guarantee optimal vehicle temperatures during battery charging, as well as a variety of solutions to promote safety, such as a blind spot monitor system that warns the driver when pedestrians or cyclists are in the vicinity of the vehicle. In terms of capacity, the Solaris Urbino 12 model can carry up to 70 passengers whilst the articulated vehicles offer 107 passenger places, guaranteeing maximum driver and passenger comfort during service.
Hamburger Hochbahn AG
Innovationslinie
19.02.2015
Fotograf: Marc-Oliver Schulz
0170-3108004
mail@moschulz.de
Hamburger Hochbahn AG
Innovationslinie
19.02.2015
Fotograf: Marc-Oliver Schulz
0170-3108004
mail@moschulz.de
Mesa Air Group, Inc. (NASDAQ: MESA) today announced that it has completed a second closing through its previously disclosed five-year Loan and Guarantee Agreement under the Coronavirus Air, Relief, and Economic Security Act (CARES Act).
The Loan Agreement provided a secured term loan facility of up to $200 million. On October 30, 2020, Mesa borrowed $43 million under the facility and today, completed a second closing to borrow an additional $152 million. These funds may be used for general corporate purposes and operating expenses, to the extent permitted by the CARES Act.
“I’d like to again express my sincere gratitude to everyone involved in making this deal happen. Our people have been working very hard to ensure Mesa and its employees are prepared to weather this storm”, said Jonathan Ornstein, Chairman and Chief Executive Officer. “These additional funds will substantially benefit our airline and the communities we serve as we continue to navigate the obstacles created by the pandemic”.
In connection with the additional $152 million drawn under the facility, Mesa issued warrants to the U.S. Treasury to purchase 3,819,095 shares of common stock, no par value. The Warrants have a five-year term from the date issued, were issued pursuant to the Warrant Agreement, and have substantially identical terms to the warrants issued on the initial closing.
DUBLIN, Ireland – Fly Leasing Limited (NYSE: FLY), a global leader in aircraft leasing, today announced it has closed a new $180 million Term Loan (the “2020 Term Loan”). The interest rate on the five-year term loan is LIBOR plus 6.00% with a 1.00% LIBOR floor. The financing was issued at an original issue discount of 4.5%. The 2020 Term Loan will be secured by 11 narrowbody aircraft owned by FLY and its subsidiaries, four of which are unencumbered and seven of which are currently financed in FLY’s 2012 Term Loan. The proceeds will be used for general corporate purposes.
“FLY is enhancing its liquidity position with the successful completion of a new $180 million term loan that attracted strong demand from a robust group of institutional lenders,” said Colm Barrington, CEO of FLY. “FLY does not have any aircraft orders or other foreseeable capital commitments. Additionally, FLY only has three aircraft remaining to be remarketed in 2020, representing 2.4% of net book value.”
Following completion of the financing of the collateral pool under the 2020 Term Loan and the anticipated transfers of certain unencumbered aircraft into the 2012 Term Loan, FLY will have a total of nine unencumbered narrowbody aircraft with a net book value of $204 million.
FILE PHOTO: Airbus CEO Guillaume Faury poses before Airbus’s annual press conference on full-year results
By Tim Hepher
PARIS (Reuters) – European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company’s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action.
In a letter to staff, Chief Executive Guillaume Faury said Airbus was “bleeding cash at an unprecedented speed” and that a recent drop of a third or more in production rates did not reflect the worst-case scenario and would be kept under review.
Airbus said it did not comment on internal communications.
The letter was sent to employees late on Friday, days before the company is due to give first-quarter results overshadowed by a pandemic that has left airlines struggling to survive and virtually halted jet deliveries since mid-March.
Airbus has begun implementing government-assisted furlough schemes starting with 3,000 workers in France, “but we may now need to plan for more far-reaching measures,” Faury said.
“The survival of Airbus is in question if we don’t act now,” he added.
Industry sources have said a new restructuring plan similar to its 2007 Power8 which saw 10,000 job cuts could be launched in the summer, but Faury indicated the company was already exploring “all options” while waiting for clarity on demand.
People familiar with the matter say Airbus is also in active discussions with European governments about tapping schemes to assist struggling industries, including state-guaranteed loans.
It has already expanded commercial credit lines with banks, buying what Faury described as “time to adapt and resize”.
Following self-quarantine restrictions issued by the Australian government, Delta is temporarily suspending service from Los Angeles to Sydney beginning March 18 through April 11.
The last flight from L.A. to Sydney will depart Tuesday, March 17. The last flight from Sydney to L.A. will depart Thursday, March 19.
See here for a list of all current schedule changes.
CHANGING YOUR FLIGHT
Delta has waived change fees for customers traveling to, from or through Australia through May 31. Additional details are available on delta.com.
To help address customers with immediate travel needs, Delta is asking those who do not have travel in the next 72 hours to wait and contact the airline closer to their trip. Customers can also change or cancel a flight anytime before their travel date using My Trips on Delta.com.
To provide even more flexibility, any Delta ticket expiring in March or April is being extended to enable rebooking and travel until Dec. 31, 2020. If you’re not able to adjust your plans in time and don’t make your flight, your ticket number automatically becomes an unused eCredit within 24 hours that can be used to rebook a flight in My Trips or with Delta Reservations.
CAPPED FARES
To ensure customers can travel with financial peace of mind, Delta will cap fares to and from all destinations Delta serves throughout the U.S. and Canada through March 31. These fare caps are in place in all cabins, from Delta One to Main Cabin.
PROVIDING A SAFE AND CLEAN ENVIRONMENT
Delta’s highest priority is to ensure the health and safety of customers and employees. The airline is regularly disinfecting check-in kiosks, ticket counters, gate areas, jet bridges, and more multiple times a day. More information on our cleaning procedures can be found here.
