Tag: levels

Air Lease Corporation announces Airbus A330-200 placement with HiSky

September 19, 2023 / WIL BALDWIN

Los Angeles, California, September 18, 2023, Business Wire – Today Air Lease Corporation (NYSE: AL) announced a long-term lease placement for one Airbus A330-200 aircraft with HiSky. Scheduled to deliver to the European carrier in 2023, this A330-200 aircraft joins one A319-100, four A320-200s and two A321-200neo LR aircraft currently on lease to HiSky from ALC.

“We are pleased to continue our support of HiSky Europe with the lease of this first widebody aircraft to the airline,” said David Beker, Senior Vice President, Marketing and Head of Aircraft Sales & Trading at Air Lease Corporation. “After two and a half years of steady and successful growth with their all-ALC narrowbody fleet, HiSky came to us ready to launch widebody operations and ALC is delighted to provide high-quality aircraft that will enable the carrier to realize their commercial objectives.”

“Over the past two years, we’ve experienced consistent growth that has brought us to this pivotal moment—the moment when we are prepared to acquire our first widebody aircraft. We’ve now become the fourth-largest air carrier at Romania’s primary airport and the largest operator of Airbus aircraft registered in Romania. Our partnership with ALC has undeniably proven to be a successful one. The aircraft they have provided us have been instrumental in helping HiSky achieve record-breaking passenger levels during this summer season. Having accomplished all the goals we set for ourselves over the years, we’re profoundly grateful for the trust and support of our partners as we embark on this exciting new venture,” said Iulian Scorpan, CEO of HiSky.

Forward-Looking Statements

This press release 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.

ANA Expands SAF Flight Initiative Services for Air Cargo

September 5, 2023 / WIL BALDWIN

Tokyo, Japan, September 4, 2023 – All Nippon Airways (ANA), Japan’s largest and 5-Star airline for 10 consecutive years, is launching a new service in its SAF Flight Initiative, a program dedicated to reducing CO2 emission levels through the use of Sustainable Aviation Fuel (SAF). Through the new service, ANA will extend the SAF Flight Initiative offering to companies that use air cargo to transport and deliver products and provide a solution to visualize and reduce indirect CO2 emissions.

Launched in October 2021, the SAF Flight Initiative is one of ANA’s efforts to work with leading partners across a range of industries by supporting efforts to reduce emissions in the value chain as well as expand the production and use of SAF. Under the current cargo program, the SAF Flight Initiative is offered to logistics and freight companies that have a direct business contract with ANA. The new service will enable companies that use air cargo to transport products based on their track record, including factors like weight, volume and distance of transportation.

With the expansion of the SAF Flight Initiative to air cargo, ANA will continue to contribute to the realization of the environmental goals for participating companies and will promote the use of the SAF in cooperation with our partners.


How to Join	Enter into corporate agreement with ANA Details on how to register will be available on ANA’s SAF Flight Initiative website*
Certificate	Issuance of a CO2 reduction certificate verified by a third-party organization
Usage	Substantially reduce CO2 emissions from employee business trips, etc. (Category 6 of Scope 3)	Substantially reduce CO2 emissions from transportation and delivery of goods in the business value chain (Categories 4, 9 of Scope 3)
Other benefits	Listing of company name, corporate symbol, etc. as a SAF Flight Initiative partner

QANTAS and Jetstar Airlines Adjust Third Quarter Flight Capacity Settings

January 16, 2022 / WIL BALDWIN

Qantas and Jetstar are adjusting flying levels to better match travel demand in light of the sudden growth in COVID-19 cases. The Qantas Group now expects domestic capacity for the third quarter of FY22 to be at around 70 per cent of pre-COVID levels, down from the 102 per cent that had been planned. The schedule changes are focused on reducing frequency of services and size of aircraft to minimise inconvenience for passengers as much as possible.

The Group’s total international capacity for the same period will fall from 30 per cent to around 20 per cent of pre-COVID levels. This reduction is driven by increased travel restrictions in countries like Japan, Thailand and Indonesia and is mostly impacting Jetstar’s leisure routes. Other markets – such as London, Los Angeles, Vancouver, Johannesburg and India – continue to perform well.

Customers will be contacted directly from late January if their booking is impacted by cancellations and offered alternative flights that in most cases are likely to be a difference of a few hours if travelling domestically.

Qantas and Jetstar continue to have 100 per cent of their available Australian-based crew stood up, which has helped to minimise the resourcing impacts of some needing to self-isolate during the summer peak. This 100 per cent crewing level will be maintained despite the capacity reductions announced today, giving both airlines a significant buffer to manage ongoing isolation requirements and resulting in a more reliable schedule for passengers.

An assessment on the financial impact of these changes will be given at the Group’s half year results in late February, by which time a clearer picture will have emerged on swing factors such as actual demand levels; potential loosening or tightening of travel restrictions in countries overseas; and consumer response to the reopening of Western Australia next month. No material adjustments have been made to capacity expectations for Q4 FY22.

To give customers more confidence when they book international and domestic flights, Qantas has extended Fly Flex, which enables customers to change their travel dates as often as they need, fee-free (a fare difference may apply).

Air New Zealand Updates Covid-19 Alert Levels Following New Cases in Auckland

February 14, 2021 / WIL BALDWIN

Prime Minister Jacinda Ardern has announced that New Zealand is going back into lockdown following reports of 3 new Covid-19 cases in the south Auckland area. Following the press release earlier today, Air New Zealand (OTC: ANZLY) is asking that customers traveling to and from Auckland check they are eligible to travel under the new Alert Level 3 restrictions. Customers travelling from Alert Level 2 regions on our services are able to transit through Auckland on their way to other Alert Level 2 regions.

Food and beverage service onboard domestic flights had already been suspended in response to the latest community cases and this suspension will remain in place until further notice. Water is available on request on all flights.

From tomorrow, Air New Zealand’s Auckland lounges and valet parking will close. Due to capacity restrictions under Alert Level 2, the maximum number of people able to access the airline’s lounges in other regions is capped at 100.

While the country is at elevated Alert Levels, Air New Zealand will be taking extra precautions to keep its staff and customers safe. Air New Zealand front line staff and cabin crew will be wearing masks and gloves and customers are required to continue to wear face coverings onboard.

Customers with existing bookings between Monday 15 February and Sunday 21 February who wish to rebook to travel before Sunday 7 March will have any fare difference waived, and customers can call the contact centre to arrange this.

In addition to this, customers who hold a ticket for a domestic flight scheduled to depart up until 30 March 2021 and no longer wish to travel are able to opt in for credit and can do this via the airline’s online booking tool. Customers who are unable to manage their booking online do not need to contact Air New Zealand immediately or prior to their flight’s departure – assistance will be provided at a later date to find an alternative flight option or a credit note can be arranged.

The Air New Zealand contact centre and social media team are currently experiencing very high demand and the airline is grateful to customers for their patience while it works through these changes.

For the latest information, customers can check the Air New Zealand COVID-19 Hub and travel alerts page.

Congo Airways Orders Two More Embraer E195-E2 Aircraft

January 14, 2021 / WIL BALDWIN

Just six months after their first E2 order, Congo Airways has placed a firm order for two E195-E2 jets. This is in addition to their existing two aircraft order for the smaller E190-E2. The four aircraft deal has a total value of USD 272 million at current list prices. This new firm order will be included in Embraer’s 2020 fourth quarter backlog.

Desire Bantu, CEO of Congo Airways said, “We see an opportunity in our market and the crisis we are all facing for Congo Airways to emerge stronger – which is why we are not waiting to place this further order. These new jets will allow us to extend our passenger and cargo operations regionally to high demand destinations such as Cape Town, Johannesburg, and Abidjan. As we prepare for future success, we will have the flexibility, and the right sized, most efficient aircraft, to serve our customers as the market returns.”

“Africa has for too long been thought of as a market of mostly low frequencies and long thin routes. As airlines start ramp up their operations, the E2 family of aircraft is perfectly positioned to right size routes previously operated by narrowbodies, while keeping frequencies and adjusting capacity to new levels,” said Cesar Pereira, vice president of Europe, Middle East and Africa, Embraer Commercial Aviation. “Congo Airways will benefit from the flexibility provided by the common cockpit on the E2 jet family meaning their flight crews can transition seamlessly between variants.”

The E195-E2 will be configured in a dual class 120 seat layout, 12 in business, 108 in economy. An additional 25% capacity when compared to the 96-seat configuration chosen by Congo Airways for their E190-E2s. The E2 deliveries are expected to begin in 2022 with Embraer and Congo Airways continuing to review the potential to anticipate the beginning of the deliveries. There are currently 206 Embraer aircraft operating in Africa with 56 airlines in 29 countries.

Volaris reports September 2020 traffic results, operating at 84% of 2019 capacity levels

October 6, 2020 / WIL BALDWIN

MEXICO CITY, /PRNewswire/ — Volaris (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports September 2020 preliminary traffic results.

Volaris is well positioned for a continuing post Covid-19 traffic recovery and is regaining capacity at a fast pace, due to its strong ultra-low-cost business model focused on the VFR (Visiting Friends and Relatives) and leisure segments in the domestic and US-transborder markets. Volaris also continues to see success from its efforts to convert first time flyers through its bus switching marketing campaigns in Mexico.

In September 2020, capacity measured by ASMs (Available Seat Miles) was 84.2% compared to the same month of last year. Demand measured by RPMs (Revenue Passenger Miles) was 75.6% of last year. This represents an increase of 2.4% versus August 2020. Volaris transported a total of 1.3 million passengers during September 2020, an increase of 4.1% versus August 2020. Booked load factor for September 2020 was 74.4%, an increase of 1.8 pp versus August 2020. No shows were back to normal levels.

Click the link below for the full story with financials!

https://finance.yahoo.com/news/volaris-reports-september-2020-traffic-013900973.html

Congo Airways Converts Embraer E175 Order to E190-E2 Jets

May 28, 2020 / WIL BALDWIN

São José dos Campos, Brazil, May 26th, 2020 – Congo Airways have converted the firm order made in December 2019 for two E175 aircraft, with purchase rights for two more, into a firm order for two E190-E2 jets, with purchase rights for a further two. The new deal has a total value of USD 256 million at current list prices with all purchase rights exercised, and will be included in Embraer’s second quarter backlog.

Desire Bantu, CEO of Congo Airways said, “These new jets will be replacing our legacy turboprops and will allow us to extend our operations within the Democratic Republic of Congo, and regionally to West, Central, and Southern Africa. Despite the current difficult circumstances, the fundamentals of our market have not changed; so we expect the momentum we’ve seen in the past to redevelop. I said in December that we may need to make an additional order for E2s due to the agility required to adapt to market changes – we have now reached that point. As we prepare for future success, we will have the flexibility, and the right sized, most efficient aircraft, to serve our customers as the market returns.”

“It’s great to welcome another airline to the E2 and the Embraer family of operators, especially in Africa where the demand for regional travel had been growing strongly before the current crisis. Africa has long been a market with low frequencies and long thin routes. As airlines start ramp up their operations, the E2 family of aircraft is perfectly positioned to right size routes previously operated by narrowbodies, while keeping frequencies and adjusting capacity to new levels.” said Raul Villaron, Vice President Sales, Africa and Middle East, Embraer Commercial Aviation. “We look forward to supporting Congo Airways as they continue to upgrade their offering to their customers.”

The aircraft will be configured in a dual class layout seating 96 passengers in total, with 12 staggered business class seats. Deliveries are expected to begin in the second quarter of 2022. This is second E2 order received from an African customer. There are currently 189 Embraer aircraft operating in Africa with 54 airlines in 27 countries.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers across the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 80 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline network carriers.

Amtrak Supplemental Funding Needed to Maintain Minimum Service Levels

May 27, 2020 / WIL BALDWIN

Amtrak submitted a letter to Congress outlining an additional $1.475 billion in supplemental funding needed in FY 2021. This additional funding is necessary for Amtrak to operate minimum service levels across the passenger rail network and continue capital investments for the future. The funds would also support Amtrak’s 17 state partners on the National Network and nine commuter and state partners on the Northeast Corridor.

“As the severity and duration of this pandemic and its economic fallout become clearer, we are seeking supplemental federal funding for the next fiscal year,” said Amtrak President and CEO Bill Flynn in the letter.

To help offset the impact of revenue losses, Amtrak is taking significant steps to reduce its operating costs by approximately $500 million, including temporarily reducing train capacity across our system to match demand, restructuring our workforce, and controlling discretionary expenses. Yet even with these steps, Amtrak still requires additional federal investment in FY 2021.

“It is clear that Amtrak faces daunting challenges in Fiscal Year 2021, which will require us to take action to protect our rail network, our critical capital assets, and the livelihoods of our employees,” said Flynn in the letter.

With strong ridership and revenue levels in the first quarter of FY 2020, Amtrak was on track for another record-breaking year. However, Amtrak, like all other modes, has seen a dramatic decline in demand for service since the pandemic, and is expecting ridership to only return to approximately 50% in FY 2021. The $1.475 billion is in addition to Amtrak’s $2.040 billion annual grant request submitted to Congress earlier this year, and without this support, Amtrak will be unable to minimize the impacts to service and its workforce as described in the letter.

JetBlue to Become Carbon Neutral in 2020

January 6, 2020 / WIL BALDWIN

(Reuters) – JetBlue Airways Corp on Monday said it plans to become carbon neutral on all domestic flights by July 2020 and would use an alternative fuel source for flights leaving from San Francisco amid rising pressure to cut greenhouse emissions.

The aviation industry has been trying to combat climate change by trying to cut its greenhouse gas emissions in half by 2050 compared with 2005 levels and sees the emergence of lower-carbon biofuels as a vital step towards meeting this goal.

The industry’s plan rests on a mix of alternative fuel, improved operations such as direct flight paths, new planes and other technologies.

JetBlue in its attempt to reduce greenhouse gas emissions will favor renewable sources and will start using sustainable aviation fuel in mid-2020 on flights from San Francisco International Airport.

“By offsetting all of our domestic flying, we’re preparing our business for the lower-carbon economy that aviation – and all sectors – must plan for,” Chief Executive Officer Robin Hayes said in a statement.

JetBlue declined to give details about the cost of the exercise. It did not disclose if any other airports will be a part of the plan to reduce greenhouse gas emissions.

Sustainable-fuel, derived from sustainable oil crops or from wood and waste biomass, would have the single largest impact in reducing emissions from each flight by around 80%, but is in short supply, according to the International Air Transport Association (IATA).

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Amy Caren Daniel and Aditya Soni)

Archives