Tag: major (Page 1 of 7)

Emirates Flight Catering acquires Bustanica indoor vertical farm

February 19, 2024 / WIL BALDWIN

Dubai, UAE, 19 February 2024 — Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the world’s largest indoor vertical farm.

This strategic move establishes Emirates Bustanica as a fully UAE-owned company, helping sustain the country’s vision of enhancing food and water security and its agricultural capabilities. The acquisition empowers Emirates Bustanica to leverage its local expertise and the latest tech know-how to meet the growing demands of the market.

Located near Al Maktoum International Airport at Dubai World Central, Bustanica’s 330,000sqft facility has the capacity to grow more than 1 million kilograms of exceptional quality leafy greens a year, equivalent to 3 tonnes daily, while using 95% less water than conventional agriculture.

Operating under the brand name Bustanica, the produce is available across all major retailers in the UAE such as Spinney’s, Waitrose, Carrefour, and Choithrams. Customers on Emirates and other airlines enjoy this farm-fresh produce in their salads and meals.

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Bustanica indoor vertical farm

Airbus and Tata to set up first helicopter Final Assembly Line in India

January 26, 2024 / WIL BALDWIN

New Delhi, India, January 26, 2024 – In a major boost to ‘Make in India’, Airbus Group SE (Paris: AIR) Helicopters has announced that it is partnering with the Tata Group to establish a Final Assembly Line (FAL) for helicopters in the country. The FAL will produce Airbus’ best-selling H125 helicopter from its civil range for India and export to some of the neighbouring countries.

The FAL will be the first instance of the private sector setting up a helicopter manufacturing facility in India, providing a major boost to the Government of India’s ‘AatmaNirbhar Bharat’ (self-reliant India) programme. Under this partnership, Tata Advanced Systems Limited (TASL), a subsidiary of Tata Group, will set up the facility along with Airbus Helicopters.

The announcement was made during the two-day visit of French President Emmanuel Macron to India as Chief Guest at the Republic Day celebrations on January 26.

The FAL in India will undertake the integration of the major component assemblies, avionics and mission systems, installation of electrical harnesses, hydraulic circuits, flight controls, dynamic components, fuel system and the engine. It will also do testing, qualification, and delivery of the H125 to customers in India and the region. The FAL will take 24 months to set up and deliveries of the first ‘Made in India’ H125s are expected to commence in 2026. The location of the FAL will be jointly decided by Airbus and the Tata Group.

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.

Boeing announces fourth quarter deliveries

January 9, 2024 / WIL BALDWIN

Arlington, Virginia, January 9, 2024 – The Boeing Company (NYSE: BA) announced today major program deliveries across its commercial and defense operations for the fourth quarter of 2023.

The company will provide detailed fourth-quarter financial results on January 31. Major program deliveries during the fourth quarter were as follows:

Contact:
Investor Relations: BoeingInvestorRelations@boeing.com
Communications: media@boeing.com

Forward-Looking Statements

SWISS to introduce new service to Rotterdam, Netherlands

October 29, 2023 / WIL BALDWIN

Swiss International Air Lines (SWISS) plans to further expand its route network in the coming 2023-24 winter schedules. The airline will offer its first ever nonstop services between Zurich and Rotterdam in the Netherlands. The Dutch port city will be served six times weekly from January 22, 2024.

Rotterdam is the Netherlands’ second-largest city and a lively major port. The city itself is famed for its skyline and for such iconic structures as the Erasmus Bridge and the Cube Houses. Its impressive port is among the biggest in the world, and strongly colours the city’s character and feel. Rotterdam also boasts a varied arts scene, top-notch museums such as the Boijmans Van Beuningen and a wide range of shopping and nightlife options. The city is a cultural melting pot, too, and offers a unique blend of the past and the future that makes it a truly fascinating destination.

In adding Rotterdam to its network, SWISS is expanding its connections with the Randstad conurbation in the Western Netherlands. So in addition to its existing Amsterdam flights, SWISS will now offer a further attractive air travel option to and from the country’s economic and cultural center.

Short transits, good connections

The flight between Zurich and Rotterdam takes an hour and 30 minutes. The city’s modestly-sized airport is quick and easy to negotiate. The city centre is around ten minutes away by car traffic permitting, or 20 minutes by public transport. Rotterdam is about an hour’s drive from Amsterdam and half an hour from The Hague. Swift public transport services are also available to and from both cities.

Luxembourg, Historical city center in the morning, Aerial View

Luxair orders four Embraer E195-E2 and secures delivery positions for additional five

October 11, 2023 / WIL BALDWIN

ERA General Assembly, Innsbruck, Austria, October 11, 2023 – Embraer SA (NYSE: ERJ) and Luxair, flag carrier of the Grand Duchy of Luxembourg, have signed a firm order for four E195-E2; the most efficient regional aircraft in the single aisle segment. The aircraft will complement the larger narrowbody aircraft recently ordered by the airline.

Luxair has ordered four E195-E2s, with two options and three purchase rights for more aircraft, with conversion rights to E190-E2 as required. The first aircraft delivery is scheduled for Q4 2025.

About Luxair

Founded in 1961, Luxair is a key player in the economy of the Grand Duchy of Luxembourg and the surrounding Greater Region. Passenger air transport is probably the most well-known activity of the general public. Luxair offers fast air service to most major cities, business centres and international hubs in Europe. The airline offers maximum flexibility to its business customers and quality travel to its leisure customers. Luxair’s tour operator offers a wide range of packages and themed holidays through its tourism division. Luxair is also the provider of airport services at Luxembourg Airport and its air cargo division handles all kinds of goods with ease and efficiency.

KiwiRail re-opens rail line to Napier in cyclone Gabrielle recovery milestone

September 18, 2023 / WIL BALDWIN

The reopening of the rail line to Napier – allowing rail freight to once again get to Napier Port – is an important step for the Hawke’s Bay cyclone recovery, KiwiRail Chief Executive Peter Reidy says. Scheduled freight services resumed Monday, September 18, following a seven month pause after the rail line was badly damaged by Cyclone Gabrielle.

Cargo that is typically carried by rail includes chilled and frozen meat, wood products such as logs, pulp and timber, food products and imported machinery and consumables used in manufacturing. Following the cyclone in February, KiwiRail reopened the Palmerston North – Gisborne Line to Hastings at the start of April. Temporary Container Terminal sites were also set up in partnership with Napier Port, transport operators and cargo customers so that freight could be railed to Hastings, then trucked to Napier.

The section of line between Hastings and Napier, particularly around Awatoto, was badly damaged in the cyclone, with track and embankments washed away, and major damage to Bridge 217, which lost piers and spans in the floods. The work included rebuilding two-metre-high embankments, replacing 800 sleepers, 140 metres of rail, laying 3,000 cubic metres of formation (the rock foundation under the tracks) and 3,500 tonnes of ballast.

KiwiRail also railed steel casings to Hastings from Christchurch for replacement bridge piers on Bridge 217 – which have been driven 30 metres into the riverbed. The rebuild of Bridge 217 is temporary, in order to get rail freight moving as quickly as possible. A permanent new bridge will be designed and built over the next couple of years.

Southwest Airlines named Best Airline For Families in Money magazine’s list of 2023 travel awards

September 16, 2023 / WIL BALDWIN

Dallas, Texas, September 15, 2023 – Southwest Airlines Co. (NYSE: LUV) was named Best Airline for Families on MONEY magazine’s 2023 Travel Awards list. MONEY recognized Southwest Airlines for its Family Boarding process, two free checked bags,¹no change²or cancellation³ fees, and creating a flexible travel experience at a low cost. Southwest Customers also enjoy family-friendly content for free on the Inflight Entertainment Portal.⁴

“Families on the go turn to Southwest for more than our low fares and flexible policies,” said Jonathan Clarkson, Vice President of Marketing at Southwest Airlines. “We know families traveling together are looking for a comfortable and smooth travel experience, and our People take great pride in delivering their legendary Hospitality every step of the way.”

MONEY’s Best Airlines List assessed 10 major U.S. based carriers utilizing various criteria from multiple data resources to evaluate customer satisfaction with an airline’s network size, rewards programs, and policies.

For more information on Southwest’s flexible policies, visit Southwest.com.

1. First and second checked bags; weight and size limits apply.
2. If a Customer needs to change an upcoming flight itinerary, they’ll only pay the cost in fare difference.
3. Failure to cancel a reservation at least 10 minutes prior to scheduled departure may result in forfeited flight credits.
4. Where available. Available only on WiFi-enabled aircraft. Limited-time offer.

How the Delta Korean Air joint venture is paying dividends

September 7, 2023 / WIL BALDWIN

Delta Air Lines (NYSE: DAL) now 5-year-old Joint Venture with Korean Air is a significant driver of Delta’s evolution into a global brand, with robust international demand driven by experience-seeking customers.

That’s according to Delta’s Managing Director of East Sales, Scott Jordan, who recently sat down for an interview with The Korea Economic Daily, one of South Korea’s major daily newspapers.

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Delta Korean Air joint venture

Saab and Boeing sign 787 Dreamliner agreement

September 6, 2023 / WIL BALDWIN

Saab (OTC: SAABF) has signed an extension agreement with Boeing (NYSE: BA) for the manufacturing of large cargo doors, bulk cargo doors and access doors for the Boeing 787 Dreamliner.

The framework agreement is an extension of an existing contract signed with Boeing in 2004 for the 787 Dreamliner program.

Since the programme started, Saab has delivered in excess of 1,100 shipsets for the Boeing 787 Dreamliner programme.

Saab has a long experience in supplying major aerostructures for military as well as commercial aircraft programmes. Like many other major 787 structures, the doors will be mainly made of composite materials. A range of systems are built into the doors’ composite structures, providing Boeing with lightweight doors that are easy to install.

Air New Zealand signs for two ATR 72-600’s plush options

August 25, 2023 / WIL BALDWIN

Toulouse, France August 25, 2023 – National flag carrier Air New Zealand (OTC: ANZLY) and world’s number one regional aircraft manufacturer ATR, today announced the signature of a firm order for two brand new ATR 72-600 plus options for two more. Deliveries are scheduled for the second half of 2024 and the beginning of 2025. Air New Zealand will then operate the fourth largest ATR fleet worldwide.

These additional aircraft will support the airline’s growth, further strengthening its network across New Zealand. The lowest-emission regional aircraft on the market, these brand new ATR’s will be equipped with PW127XT engines, delivering an additional 3% fuel burn reduction compared to previous engine version, enabling a 45% reduction in CO2 emissions compared to similar-size regional jets.

About Air New Zealand

Air New Zealand’s story started in 1940, first taking to the skies between Auckland and Sydney on a flying boat. Known for its warm Kiwi hospitality, today the airline has 104 operating aircraft ranging from Boeing 787-9 Dreamliners and Airbus A320’s to ATR’s and Q300’s. Air New Zealand has a well-connected domestic business, connecting customers and cargo to 20 different regions around New Zealand. Internationally, the airline has direct flights to major cities across Australia, Asia, the Pacific Islands and the U.S., and through its strong relationships with alliance partners, offers customers more choice and convenience to connect further afield to hundreds of destinations. Air New Zealand has a particular focus on sustainability and its Sustainability Framework helps guide the airline’s efforts in tackling some of New Zealand’s and the world’s most complex challenges.

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