Tag: lower (Page 1 of 4)

Vietjet Air picks Rolls-Royce Trent 7000 engines for A330neo

February 25, 2024 / WIL BALDWIN

Singapore Air Show, February, 2024 – Vietjet Air has signed a Memorandum of Understanding (MoU) with Airbus Group SE (Paris: AIR) for the purchase of 20 A330-900 widebodies. When the order is finalized, the aircraft will be operated on the carrier’s growing long range network, as well as on high capacity regional services. They will replace the carrier’s current fleet of leased A330-300’s, as well as providing for network expansion.

Rolls-Royce (LSE: RR) today announces a commitment by Vietjet Air for 20 Trent 7000 powered A330neo, which will complement the airline’s existing widebody fleet of seven Trent 700 powered A330ceo aircraft.

With a laser focus on sustainability, Vietjet Air has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, whilst significantly lowering emissions. The reduction in emissions will allow the airline to avoid more than one hundred thousand tons of CO2 over the lifetime of each aircraft.

The Trent 7000 draws on the technology and experience of the most advanced family of engines in the world. As the latest member of the Trent family, the Trent 7000 is based on Trent XWB technology and has delivered exceptional reliability since its entry into service.

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.

Maersk and Air Cargo News highlight global trends in 2024 air cargo market

February 2, 2024 / WIL BALDWIN

The air cargo sector is undergoing a demand slowdown due to global macroeconomic conditions. Post-Covid normalisation as well as global geopolitical crises, most notably in the form of military conflicts, have been the root cause.

Looking ahead, there is little confidence that this situation will improve drastically in the near term. This is partly due to rising interest rates and the termination of key government support programmes.

With customer demands getting more nuanced, a high level of flexibility seems to be the need of the hour. Air freight operators need to be nimble and provide solutions that lower operating costs and save time.

Here’s a quick fly-by of air cargo trends in 2024…

Click here to read the full story!

Amtrak customers now benefit from more flexible and affordable fares

October 27, 2023 / WIL BALDWIN

Washington, D.C. – Based on extensive customer research, and in an effort to better meet customer needs, Amtrak has introduced a new, simplified fare structure with more flexible and affordable options. The simpler fare structure launched this week and builds on other recent improvements Amtrak has made to the booking experience.

The new fare structure reduces fare types from three categories to two and serves to provide a more consistent booking experience with fare types that are clearly differentiated and easy-to-understand:

Flex: For customers who want a more flexible travel option, these tickets are fully refundable if canceled, and can be changed without fees before departure[1].
Value: For customers who know their travel plans and want a more affordable option, these tickets are at a lower price than Flex tickets, non-changeable and receive a 75% refund if canceled.

In addition to simplifying the fare structure, benefits of the new approach also include:

Flex fares will often be available starting at lower prices than previously offered.
Occasional sale fares at an even deeper discount (these will be non-changeable and receive a 50% refund if canceled).
Any refunds of credit card purchases will be made to the original form of payment, rather than as an eVoucher.[2]

These changes to Coach and Acela Business tickets make it easier for Amtrak customers to choose the ticket type that best fits their travel needs. Non-Acela Business and First Class tickets were already fully refundable and changeable with no additional fees. Tickets purchased prior to the launch of the new simplified fare structure remain subject to the fare rules and conditions that were in effect when the ticket was purchased.

Boeing Business Jets unveils premium cabin options for VIP jets

October 16, 2023 / WIL BALDWIN

Las Vegas, Nevada, October 16, 2023, PRNewswire – Boeing Company (NYSE: BA) Business Jets (BBJ) customers have a new way to customize cabin interiors for the BBJ 737-7, reducing costs and accelerating delivery of new VIP jets, the company announced today. With BBJ Select, Boeing is offering a wide range of pre-designed cabin layouts and configurations to expedite installation, while lowering the total purchase price of the airplane. The company shared its new BBJ Select premium interiors at the National Business Aviation Association & Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas.

From guest rooms and private offices to family rooms and VIP passenger seating configurations, customers select modules for each section of the airplane. In all, BBJ Select offers 144 unique modular cabin combinations in three different color palettes, covering the spectrum of personal, business and head-of-state airplane requirements.

Designed in collaboration with award-winning business jet completion centers Aloft AeroArchitects and Greenpoint Technologies, BBJ Select layouts eliminate costs for one-time engineering and related work for the installation of a clean sheet cabin design. To simplify the purchase experience, customers sign one contract with Boeing and the company oversees the design, build and delivery of the fully outfitted VIP aircraft.

BBJ Select cabins are exclusively available for the BBJ 737-7, the newest member of the BBJ 737 MAX family. With an unmatched combination of globe-spanning range, superior cabin space and best-in-class operating economics, the BBJ 737-7 can fly passengers over 15 hours non-stop while reducing fuel use and emissions compared to previous generation business jets. Built for daily flights, BBJs provide far higher reliability and retain more residual value compared to competitors.

A.P. Moller – Maersk expands global air freight services with Los Angeles air cargo gateway

October 4, 2023 / WIL BALDWIN

Los Angeles, California, October 3, 2023 – A.P. Moller – Maersk A/S A (Copenhagen: MAERSKa) has inaugurated a new 130,000 square foot air freight import/export gateway near Los Angeles International Airport (LAX) that offers direct planeside recovery with immediate unit load device (ULD) transfers. The west coast facility complements Maersk’s growing north American network of air cargo gateways, including Atlanta and Chicago which have been stood up in the last 12 months.

The new facility is just 15 miles from LAX and less than nine miles from the Port of Long Beach. Site staffing will be in place for the conduct of customs brokerage, commercial sales, and freight operations such as LCL transload. This site is U.S. Customs bonded Container Freight Station (CFS) and a U.S. Transportation Security Administration (TSA) Certified Cargo Screening Facility (CCSF). This ensures timely and secure air freight handling. The facility is scheduled to attain Free Trade Zone status in 2024 to benefit from lower duties, reduced processing fees, and faster movement of goods.

The opening of the Los Angeles facility is the latest step in Maersk’s North American air freight capacity expansion program that extends across strategic cargo entry points and is aligned to customer demand. The new capacity allows for more supply chain integration opportunities and better scaling to care for seasonal peaks as well as market driven volume spikes for breakout product launches.

LAX is one of the busiest airports in the world for both passenger traffic and cargo handling and is a major gateway between the U.S. and the Asia-Pacific region. According to Los Angeles World Airports, LAX ranks among the top 5 airports in the U.S. by tonnage. Los Angeles is a leading high-technology center for the nation in the entertainment, electronics, biomedical, computers, and aerospace industries.

United Airlines orders an additional 60 A321neo aircraft

October 3, 2023 / WIL BALDWIN

Herndon, Virginia, 3 October 2023 – United Airlines (Nasdaq: UAL) has placed an order for 60 additional Airbus A321neo aircraft, supporting the airline’s “United Next” initiative to integrate new aircraft into its fleet and standardizing and enhancing its global network. United previously ordered 50 A321XLRand 70 A321neo aircraft. With this new order, the airline’s direct purchase commitment from Airbus is now for 180 A321 aircraft.

The A321neo provides superior environmental performance featuring the lowest CO₂ emissions per seat in its class. Its significantly lower carbon footprint will support United along its journey to reduce its CO₂ emissions.

United’s A321neo aircraft will feature the unrivaled Airbus’ Airspace cabin, which includes a unique welcome area and the latest full LED lighting technologies (which helps to reduce jet lag); new slimmer sidewall panels for extra personal space at shoulder level; improved window views with redesigned bezels and completely integrated window shades; new large overhead bins; and additional elements to enhance the passenger experience.

Cathay Group orders 32 A320neo Family aircraft

September 29, 2023 / WIL BALDWIN

Toulouse, France, September 29, 2023 – Hong Kong’s Cathay Pacific Airways Ltd ADR (OTC: CPCAY) has announced the purchase of an additional 32 Airbus Group NV (OTC: EADSY) A320neo Family aircraft as it continues to invest in expanding and modernising its fleet. The agreement doubles the Cathay Group’s total orders for the A320neo Family to 64, of which 13 have already been delivered.

The 32 additional aircraft will comprise both the A321neo and A320neo which will join the fleets of Cathay Pacific and HK Express.They will principally serve destinations in the Chinese Mainland and elsewhere in Asia.

The A320neo Family incorporates the very latest technologies including new generation engines, Sharklets and aerodynamics, which together deliver at least 20 percent lower fuel burn and CO2 emission savings. With more than 9,700 orders from over 130 customers, the A320neo Family is the world’s most popular single aisle aircraft.

Delta Air Lines discloses order for 12 additional A220 aircraft

July 13, 2023 / WIL BALDWIN

Herndon, USA/Mirabel, Canada – 13 July 2023 – Under its current agreement, Delta Air Lines (NYSE: DAL) has disclosed an order for 12 additional A220-300 aircraft, bringing the airline’s total firm order for A220’s to 131 aircraft – 45 A220-100’s and 86 A220-300’s. Throughout the years, Delta has reordered the A220 five times and is today the largest A220 customer and operator in the world.

In addition to its positive cabin experience, the aircraft plays an important role in helping decrease airline operating costs and environmental impact. Offering 25% lower fuel burn and CO₂ emissions per seat compared to previous generation aircraft, the A220 is the only aircraft purpose-built for the 100-150 seat market. Combining state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation GTF™ engines, the A220 brings customers a 50% reduced noise footprint and around 50% lower NOx emissions than industry standards.

Delta took delivery of its first Airbus A220 in October 2018, and was the first U.S. carrier to operate the aircraft type. Delta currently operates a fleet of 433 Airbus aircraft, including 61 A220 aircraft, 280 A320 Family aircraft, 64 A330’s and 28 A350-900 aircraft.

JetBlue Orders 30 Additional Airbus A220-300 Raising Firm Order to 100

February 16, 2022 / WIL BALDWIN

JetBlue Airways (Nasdaq: JBLU) has signed a firm order with Airbus (OTC: EADSY) for an additional 30 A220-300 aircraft. This takes the airline’s firm commitment for the A220-300 to 100 aircraft. This latest agreement lifts the total firm order book for the A220 to 740.

Jetblue started A220-300 operations in April 2021 and currently operates eight A220s in a 140-seat configuration, with USB-C, USB-A and AC power at every seat. The A220 also offers the largest cabin, highest ceiling, biggest windows and most spacious overhead bins in its class.

The A220 is the only aircraft purpose-built for the 100-150 seat market, bringing together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines. The A220 brings customers a 50% reduced noise footprint and up to 25% lower fuel burn per seat and CO2 emissions compared to previous generation aircraft, as well as around 50% lower NOx emissions than industry standards.

Air New Zealand Outlines Requirements for Low Emissions Turboprop Aircraft

December 20, 2021 / WIL BALDWIN

By Jamie Freed – Reuters news…

(Reuters) – Air New Zealand Ltd said on Tuesday it had outlined requirements to suppliers as part of plans to replace its fleet of De Havilland Canada Dash 8 Q300 turboprops with lower-emissions technology by around 2030.

“The ideal candidate aircraft will be a drop in replacement for the Q300 for seamless integration into the existing Air New Zealand turboprop network, which may include retrofit of the existing aircraft,” the airline said.

Click the link below to read the full story!

https://finance.yahoo.com/news/air-zealand-outlineshttps://finance.yahoo.com/news/air-zealand-outlines-requirements-low-221729362.html

Here’s a quick fly-by of air cargo trends in 2024…

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