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Southwest Airlines expand technical operations facility In Phoenix

Dallas, Texas, February, 2024Southwest Airlines Co. (NYSE: LUV) is celebrating the completion of a multi-year, $100 million project, which nearly doubles the size of the airline’s maintenance hangar at Phoenix Sky Harbor. The 90,000-square foot expansion adds three new aircraft bays to the facility, allowing the airline to work on up to five aircraft simultaneously and brings more maintenance shops to support the nearly 500 Southwest® Technical Operations Employees based at Sky Harbor. The project also included a larger facility for members of the airline’s Provisioning and Ground Support Equipment Maintenance Teams that opened in 2020.

The expanded hangar has also achieved Leadership in Energy and Environmental Design (LEED) Silver certification. The expansion incorporated sustainable design features including the use of recycled content in over 30% of the building materials; the installation of high-reflectance roof and surrounding paving materials to reduce heat island effect; and the selection of building products from manufacturers with verified environmental performance.

Southwest Airlines® first opened a Technical Operations base at Sky Harbor in 1986. In 1993, the airline moved into a new maintenance hangar facility to support its growth throughout the western half of the United States. Today, the carrier’s Phoenix-based Technical Operations Teams accept new aircraft deliveries to prepare them to enter revenue service and maintain aircraft as part of daily and scheduled maintenance programs.

In addition to Phoenix, Southwest operates hangar facilities in Atlanta, Chicago (Midway), Dallas (Love Field), Denver, Houston (Hobby), and Orlando. Construction is underway on a new hangar facility at Baltimore/Washington International Airport, which is anticipated to open in 2025.

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.

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Leonardo lands new helicopter contracts in Latin America at LABACE 2023

Sao Paulo, Brazil, August 10, 2023 – Leonardo (OTC: FINMY) confirms its leading position in the private helicopter transport market with new contracts in Latin America announced during official ceremonies held at LABACE 2023.

  • A distributor Agreement was signed at LABACE 2023 between Leonardo and Gruppomodena S.A. for the civil market in Uruguay and Argentina including, an order for two AW119Kx and an order for one AW109 GrandNew for a private operator in Brazil
  • Official distributor in Brazil for the AW09 latest generation single engine, Gualter Helicopters signs for three aircraft with private operators
  • Leonardo’s growth continues to leverage the Agusta brand’s exclusive solutions in the VIP/corporate market and through the new Service and Logistic Centre in Itapevi

Gruppomodena S.A. has been appointed official distributor of Leonardo helicopter types including the AW119Kx, AW109 legacy, AW169 and AW139 for the civil markets in Uruguay and Argentina. The distributor has also signed a contract for two AW119Kx single engine helicopters. A major player in Latin America for helicopter services, this partner is also an established operator of AW109 and AW139 helicopters for a range of roles including passenger transport, offshore transport, and rescue as well as an authorised service centre for the reference market. In addition, another private operator has placed an order for one AW109 GrandNew light twin engine helicopter, which will be operated in Brazil. All of these light helicopters announced at LABACE will feature customised VIP interiors and will be used for private/corporate transport in the relevant locations. 

Furthermore, Leonardo’s distributor for the latest generation AW09 single engine model in Brazil, Gualter Helicopters (Aero Service Representação) has signed contracts for three aircraft for executive transport with three different end-users in the country. These latest achievements for the AW09 in Brazil come two months after the appointment of Gualter Helicopters, which had signed preliminary sales contracts for 20 units in March, providing evidence of the already anticipated strong interest from potential operators in acquiring the new type. Acquired three years ago by Leonardo, the AW09 perfectly complements Leonardo’s product range in the Long Light Single segment, introducing an all-new design aircraft to sustain long-term competitive positioning in this weight category. 

With a 45% share over the last ten years, Leonardo is the world leader in the twin-engine VIP/corporate helicopter market including private, charter and VVIP/Government transport services, thanks to the most modern and largest product range. More than 900 Leonardo VIP/corporate helicopters are flying today globally, approximately 25% are based in Latin America. Leonardo is also leveraging the Agusta brand for today’s and future VIP market initiatives. This brand exemplifies the unique combination of best in class performance, latest technology, comfort and Italian style widely recognised in the market for Leonardo’s VIP-configured helicopters, delivering a unique service and flight experience. Moreover, operators benefit from the all new Service and Logistic Centre in Itapevi (São Paulo), which has allowed to further increase the level of quality localised technical assistance over the last two years, with the potential for a future expansion.

Alstom India set to onboard 700 young engineers under flagship Young Engineering Graduate Program of 2023

Bengaluru, India, 4 July 2023 – Alstom (OTC: ALSMY) , global leader in smart and sustainable mobility, launches its flagship Young Engineering Graduate Program (YEGP) 2023 with a target to onboard 700 young graduate engineers in India over the next two months. This is the highest ever intake under this initiative in the country. YEGP is a key element of Alstom’s India hiring strategy since 2015, aimed at developing young engineers talent for Indian and global business needs. Out of 700 hires, 58% are women engineers in line with the company’s gender diversity focus. Further, the campus hiring has been done from 54 universities across 26 states ranging from several Northeastern states to Gujarat and from Jammu & Kashmir to Kerala in tandem with Alstom’s regional diversity promise. There is a 2x increase vis-à-vis 30 hires from the last year (2022) from the North-eastern states alone.

The 14 days program focuses on providing an immersive and engaging experience to all the YEGs, while helping them get a better understanding of Alstom’s business, operations and functions through close interactions with the leadership team. The candidates are being onboarded as Graduate Engineer Trainees & Post Graduate Trainees will be enabled through structured induction, technical, functional and on the job trainings. They will be taking up roles such as, Application Engineers, Train Control Engineer, Train Design Engineer, Testing & Commissioning Engineer etc. and will be working across Alstom’s six manufacturing facilities and four engineering centers catering to domestic and international markets.

Since its inception, more than 1800 engineering graduates have been recruited under this program in partnership with leading technical/engineering colleges and universities across India. In terms of engineering disciplines, the hires come with engineering specializations in Mechanical, Electrical, Electronics, Instrumentation, Computer Science, Industrial, Mechatronics, etc.

Alstom has also retained its place as the first and only organisation in India to be certified as a Top Employer in the mobility sector consecutively for the third time this year. This is a testament to Alstom’s continued commitment towards creating a better workplace through excellent people practices. To ensure the integration and development of its young recruits, the company counts on a strong internal learning culture. Alstom India is leading globally in terms of learning hours. Through Alstom University, an online learning management system, employees can learn about various subjects for their desired roles at their own pace.

All New Gulfstream G800 Makes First Flight

SAVANNAH, Ga., June 28, 2022 — Gulfstream Aerospace Corp. today announced the all-new ultralong-range Gulfstream G800 successfully completed its first flight, officially launching the flight-test program of the industry’s longest-range aircraft. Announced in October 2021, the G800 is the latest addition to Gulfstream’s next-generation fleet to take flight and make progress toward customer deliveries.

The G800 departed Savannah/Hilton Head International Airport at 9:00 a.m. and landed there two hours later. In keeping with Gulfstream’s commitment to sustainability leadership in aviation, the aircraft made the flight using a blend of sustainable aviation fuel.

The G800 can fly 8,000 nautical miles/14,816 kilometers at Mach 0.85 and 7,000 nm/12,964 km at Mach 0.90 with class-leading fuel-efficiency, thanks to the combination of the Gulfstream-designed, advanced high-speed wing and all-new, high-thrust Rolls-Royce Pearl 700 engines.

The G800 is equipped with Gulfstream’s next-generation Symmetry Flight Deck and dual head-up displays featuring the new Combined Vision System, which includes Enhanced Flight Vision System and Synthetic Vision System imagery, further enhancing safety and pilot situational awareness.

All New Gulfstream G800 Makes First Flight

United’s Aviate Academy First Class Start Today at New Training Facility in Phoenix

United Airlines (Nasdaq: UAL) today announced the inaugural class of 30 United Aviate Academy students will begin their studies on Dec. 6 at the new flight training academy at Phoenix Goodyear Airport. The first class, 80% of whom are women or people of color, will complete a rigorous, year-long training program that sets them up for a career that reflects United’s high standard of professionalism and deep commitment to delivering a safe, caring, dependable and efficient travel experience. United Aviate Academy received more than 7,500 applications from aspiring pilots around the country in less than six months, with nearly 75% of those applicants being women or people of color.

After completing their training at the academy, students will build flight and leadership experience while working within the Aviate pilot development ecosystem at partner universities, professional flight training organizations and United Express carriers on their way to becoming United pilots.

The state-of-the-art, 340,000 square-foot facility at Phoenix Goodyear Airport, which United Aviate Academy will lease from the city of Phoenix, will provide aspiring pilots with industry-leading resources, equipment, and accommodations. The facility was previously home to Lufthansa Aviation Training (LAT), and United Aviate Academy will sublease part of its facility to LAT, a wholly owned subsidiary of Lufthansa, a United Star Alliance partner.

BBAM Adds Up to 12 737-800 Boeing Converted Freighters

Boeing [NYSE: BA] and BBAM Limited Partnership today announced the lessor is expanding its 737-800 Boeing Converted Freighter fleet with six firm orders and six options. The agreement brings BBAM’s 737-800BCF orders and commitments to 15 and highlights the continued strength of the e-commerce and express cargo market.

“As we look ahead to expanding our cargo fleet, the 737-800 Boeing Converted Freighter provides the performance and efficiency our customers need,” said Steve Zissis, CEO of BBAM. “Adding these highly capable freighters to 276 Boeing airplanes in our managed fleet helps to further strengthen our leadership position in the marketplace.”

Based on the popular Next-Generation 737, the 737-800BCF is meeting customer demand for a newer-generation freighter that offers higher reliability and lower fuel consumption and operating costs per trip compared to other standard body freighters. Primarily used to carry express cargo on domestic or short-haul routes, the airplane is capable of carrying up to 23.9 tonnes (52,800 pounds) and flying up to 2,025 nautical miles (3,750 kilometers). Since entering service in 2018, the 737-800BCF has won more than 150 orders and commitments.

“BBAM is one of the industry’s leading full-service leasing companies and has built their reputation on smart investments. We are honored that BBAM has selected more 737-800BCFs, based on the success of our standard body freighters in their portfolio,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing. “The continued strong demand for the 737-800BCF demonstrates the critical role these converted freighters play in the growing express and e-commerce market.”

BBAM is the world’s largest dedicated manager of investments in leased commercial jet aircraft, providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades. BBAM is the only manager in the aircraft leasing industry focused exclusively on generating investment returns for third-party investors. BBAM currently has more than $28 billion of assets under management and employs over 150 professionals at its headquarters in San Francisco and in additional offices in Tokyo, Singapore, Zurich, Dublin and Santiago. For more information about BBAM, please visit its website at www.bbam.com.  

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

JetBlue Announces Update on Negotiations with TWU

JetBlue (NASDAQ: JBLU) today announced it has reached a tentative agreement with the Transport Workers Union (TWU), regarding the process toward a contract for JetBlue’s inflight crewmembers.

The agreement is subject to a ratification process which includes final documentation, review, and consideration by JetBlue’s TWU leadership team before being distributed to inflight crewmembers for a final vote.

Ed Baklor, vice president inflight, JetBlue, said: “We are pleased to come to this tentative agreement and look forward to bringing the contract to a vote with our inflight crewmembers. Thank you to both negotiating committees for their efforts over the past two years to reach this agreement.”

Ian Deason, head of customer experience, said: “I want to thank our amazing inflight crewmembers for their commitment to safety and for continuing to always deliver the best experience in the skies during this especially challenging time for our industry.”

First Ever Purpose-Built Regional Freighter Takes Flight

The ATR 72-600F will provide cargo operators with advantages of the latest generation market-leading regional turboprop

ATR, the world number one regional aircraft manufacturer, today announces the successful first flight of its new purpose-built regional freighter aircraft. The flight took off at 14:00 from its Saint-Martin site and lasted two hours. During the flight, crew onboard performed a number of tests to measure the new aircraft’s flight envelope and flight performance. The first delivery of this aircraft will be to FedEx Express, the world’s largest cargo airline and express transportation company, who placed a firm order for 30 aircraft, plus 20 options, in November 2017. The arrival of this new freighter further cements ATR’s leadership position in the regional freighter market where ATR cargo aircraft already represent a third of the in-service regional freighter fleet.

The brand new straight-from-factory cargo aircraft will offer a number of unique advantages to operators. With a Large Cargo Door included as part of the original design and the same wide cross section as all ATR aircraft, the freighter will be able to accommodate bulk cargo and industry-standard pallets and containers. The aircraft will also provide operators with the very latest avionics suite, which can be continuously upgraded. This effectively futureproofs the -600F’s state-of-the-art cockpit by allowing cargo airlines to take benefit from future innovations, which will further enhance the aircraft’s efficiency.

Boeing Communications Leadership Announcement

Niel Golightly resigned today as Senior Vice President of Communications at the Boeing Company.  Boeing has initiated a search for his successor.  In the interim, the communications function will report to Greg Smith, Executive Vice President of enterprise operations and chief financial officer until a permanent successor is named. 

Niel’s decision to resign stems from an employee complaint that brought to the Company’s attention an article he wrote in 1987 while serving in the military, about whether women should serve in combat. 

Boeing does not agree with the views expressed in the article, and it does not reflect Niel’s views today. “My article was a 29-year-old Cold War navy pilot’s misguided contribution to a debate that was live at the time. My argument was embarrassingly wrong and offensive. The dialogue that followed its publication 33 years ago quickly opened my eyes, indelibly changed my mind, and shaped the principles of fairness, inclusion, respect and diversity that have guided my professional life since. The article is not a reflection of who I am; but nonetheless I have decided that in the interest of the company I will step down,” said Golightly.

“Niel and I discussed at length the article and its implications for his role as the Company’s lead spokesman,” said David Calhoun, President and CEO. “I greatly respect Niel for stepping down in the interest of the company. I thank him for his contributions to the Boeing Company, which have been substantial even in a short time. Our Executive Council and I thank him and wish him all the best in his future endeavors.”

Mr. Calhoun added, “I want to emphasize our Company’s unrelenting commitment to diversity and inclusion in all its dimensions, and to ensuring that all of our employees have an equal opportunity to contribute and excel.”

Boeing Statement on Passage of CARES Act

We thank the Administration, especially the President and Secretary Mnuchin, as well as the Senate for working together to take swift bipartisan action to support the American economy, including the 2.5 million jobs and 17,000 suppliers that Boeing, the aerospace industry and the U.S. rely on to maintain our world leadership in commercial, defense and services. The bill’s access to public and private liquidity, including loans and loan guarantees, is critical for airlines, airports, suppliers, and manufacturers to bridge to recovery. 

Boeing’s top priority is to protect our workforce and support our extensive supply chain, and the CARES Act will help provide adequate measures to help address the pandemic. We have also taken a number of measures for affordability and liquidity as we navigate the challenges our industry currently faces, including forgoing pay for our CEO and board chairman, suspending our dividend until further notice, and extending our existing pause of any share repurchasing until further notice.

We appreciate the House taking swift action to support the American people.

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