The airline has invited 125 New Zealand wineries to bring their best drops for consideration onboard the airline’s Business Premier cabins and in its Tier One Lounges. Next month, some of New Zealand’s most respected and discerning wine connoisseurs will come together to choose their much-awaited list of the country’s finest wines for 2024.
Air New Zealand Chief Customer and Sales Officer Leanne Geraghty says more than 500 wines will go through a rigorous blind taste testing where wine experts will uncork bottles and sip, swirl and savour wines from across New Zealand vineyards.
The selection of wines, carefully curated by a Master of Wine and a Wine Consultant is a celebration of New Zealand’s diverse and exceptional winemaking and Air New Zealand’s commitment to serving and sharing the best of New Zealand wine onboard.
Across all its flights and lounges, Air New Zealand serves up roughly 62,000 litres of Sauvignon Blanc, 53,000 Litres of Chardonnay and 59,000 litres of Pinot Noir of wine each year – all of which is New Zealand grown and made.
“Here’s to the best of New Zealand, celebrated with every sip, on board Air New Zealand!”
São José dos Campos, SP, Brazil – May 31, 2022 – Eve Holding, Inc. (NYSE: EVEX), a leader in the development of next-generation Urban Air Mobility (“UAM”) solutions and a carve-out from Embraer S.A. (NYSE: ERJ), announced today that it has chosen Porsche Consulting, Inc. to help define the eVTOL (electric vertical take-off and landing) supply chain, global manufacturing and logistics macro strategy.
Considering advanced manufacturing research and innovation, the companies will combine their aeronautic and automotive expertise to support Eve’s implementation plan. The master services agreement that has been entered into by and between the companies includes studies on industrial operation, logistics, supply chain and parts distribution in an unprecedented approach optimized for efficiency, productivity and safety.
The study will address scalability and distributed production as the UAM market evolves to meet projected demand. While digital transformation generates new possibilities for the industry’s use of more agile technologies focusing on business and sustainability goals, comprehensive network solutions are under consideration to meet unique industry needs.
KANSAS CITY, Mo.–(BUSINESS WIRE)– Kansas City Southern (NYSE: KSU) announced today that it has entered into a joint agreement with NorthPoint Development to develop the master planned Wylie Logistics Park in Wylie, Texas, located adjacent to KCS’ David L. Starling Wylie Intermodal Terminal.
The Wylie Logistics Park offers 2.4 million square feet of potential building capacity for traditional warehousing and distribution; industrial grade amenities; dual feed electrical system with redundant power; as well as a heavy-haul road network comprised of direct access to Highway 78 and the interstate system, air and seaports, and a state-of-the-art intermodal terminal.
“KCS is pleased to enter into this agreement with NorthPoint Development for the Wylie Logistics Park,” said KCS vice president chemical and energy products Ginger Adamiak, who also leads the company’s industrial development team. “Wylie is part of the Dallas metro area, the fourth fastest growing industrial market in the U.S., and Wylie offers a business-friendly environment, low taxes and a double free port exemption.”
“We are extremely bullish on the opportunities that the Wylie Logistics Park offers,” said NorthPoint Development president/founding partner Chad Meyer. “Wylie is a supportive, pro-business municipality partnering with a unique Class I intermodal facility that has the best direct connectivity to the growing east coast ports. Couple this with exceptional demographics from an eCommerce demand and the great labor pool that this development requires and you have all of the ingredients for a very successful project.”
KCS’ Wylie Intermodal Terminal opened in 2015 and expanded in 2018. It now offers track capacity of 19,000 feet and annual lift capacity of 342,000, resulting in fluid and efficient availability of containers and improved on-time arrivals and departures. The terminal also boasts 1,800-wheeled parking spaces (with room to expand); 300 container stack spots; an Automated Gate System (AGS) with high definition imagery; optical character recognition and biometric driver identification; enhanced traffic signals and specific turn lanes.
“The Wylie Logistics Park is ideal for customers looking to combine logistics and real estate in one location,” said KCS vice president intermodal and automotive Rodrigo Flores. “Locating in the park will provide tenants and customers significant cost savings by reducing drayage from ramp to facility and providing quick access to the regional interstate network. Customers will also enjoy the environmental benefits of intermodal transportation and connectivity to other intermodal and port facilities on KCS’ U.S. and Mexico rail network.”
Boeing (NYSE: BA) announced today that it has terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies sought to establish a new level of strategic partnership. The parties had planned to create a joint venture comprising Embraer’s commercial aviation business and a second joint venture to develop new markets for the C-390 Millennium medium airlift and air mobility aircraft.
Under the MTA, April 24, 2020, was the initial termination date, subject to extension by either party if certain conditions were met. Boeing exercised its rights to terminate after Embraer did not satisfy the necessary conditions.
“Boeing has worked diligently over more than two years to finalize its transaction with Embraer. Over the past several months, we had productive but ultimately unsuccessful negotiations about unsatisfied MTA conditions. We all aimed to resolve those by the initial termination date, but it didn’t happen,” said Marc Allen, president of Embraer Partnership & Group Operations. “It is deeply disappointing. But we have reached a point where continued negotiation within the framework of the MTA is not going to resolve the outstanding issues.”
The planned partnership between Boeing and Embraer had received unconditional approval from all necessary regulatory authorities, with the exception of the European Commission.
Boeing and Embraer will maintain their existing Master Teaming Agreement, originally signed in 2012 and expanded in 2016, to jointly market and support the C-390 Millennium military aircraft.
Delta has begun construction this week on its new Delta Sky Club at the former TIAT Lounge Annex on the fifth floor of the International Terminal at Haneda International Airport.
The nearly 9,000 square foot Club is located close to gates where Delta flights will depart to seven of its U.S. gateways including Atlanta, Detroit, Los Angeles, Minneapolis/St. Paul, Portland, Seattle, and Honolulu, starting March 29 — making Delta the largest U.S. carrier serving Tokyo’s closest and most convenient airport. Delta will also be the only U.S. airline with a proprietary lounge at Haneda.
The newest Delta Sky Club will open early July, just in time for the Tokyo games.
The Haneda Delta Sky Club will feature:
International and Japanese seasonal food offerings that are rotated regularly, including a noodle bar
A full-service bar along with seasonal cocktails and wine selected by Delta’s Master Sommelier Andrea Robinson
Unique design elements and artwork throughout the Club reflecting local culture and history
High-speed Wi-Fi, comfortable seating, and power outlets at nearly every seat
Caesars Entertainment Corporation (NASDAQ:CZR) (“Caesars Entertainment” or “Caesars”) and VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or “VICI”) today announced they have signed an agreement to sell Harrah’s Reno Hotel and Casino (“Harrah’s Reno”) to an affiliate of CAI Investments (the “Buyer”) for $50 million. The proceeds of the transaction shall be split 75% to VICI and 25% to Caesars, while the annual rent payments under the Non-CPLV Master Lease between Caesars and VICI will remain unchanged.
Under the terms of the agreement, Caesars will continue to operate the property upon closing of the transaction pursuant to a short-term lease with the Buyer, which will allow Caesars to cease operations at the property during the second half of 2020. At the end of the term, Caesars will deliver the property to the Buyer to be redeveloped into a non-gaming hotel and mixed-use development.
“We recognize the long legacy of Harrah’s in Reno, where the brand began 82 years ago and our role in the community. We are pleased the Buyer is committed to the community and supports the redevelopment of this wonderful asset. We have worked closely with the Buyer to provide a reasonable closure plan that allows our great staff in Reno ample time to secure their next jobs, including priority consideration for relevant openings at our other properties in Nevada, including Lake Tahoe and Las Vegas,” said Tony Rodio, CEO of Caesars Entertainment.
“The sale of Harrah’s Reno demonstrates our ability to continuously work constructively with our tenants to improve our individual businesses. This disposition will allow VICI to optimize the quality of our real estate portfolio and redeploy the proceeds toward other attractive growth opportunities while maintaining the existing financial terms of the Non-CPLV Master Lease with Caesars,” said John Payne, President and COO of VICI Properties.
“Being originally from the Reno/Sparks community, it is with great pride that we are investing in the Reno area by redeveloping this property,” said Christopher Beavor, CEO of CAI Investments. “CAI is excited to be working with Gryphon Private Wealth Management as capital partners for the project. Kirk Walton and Philip Oleson, Principals of GPWM Opportunity Zone Funds, which will be investing the required capital for the project, believe in the long-term growth potential of Reno.”
The agreement allows for Caesars to retain its guest data and places no restrictions on Caesars’ marketing activities. Reno will continue to be part of the Caesars Rewards network during the term of the short-term lease with Buyer.
The transaction is subject to the closing of the Eldorado/Caesars combination, regulatory approvals and other customary closing conditions.
MGM Resorts International (NYSE: MGM) said Tuesday that it plans to sell the MGM Grand and Mandalay Bay properties to a joint venture of MGM Growth Properties LLC (NYSE: MGP) and Blackstone Real Estate Income Trust, Inc. for $4.6 billion.
The Blackstone Real Estate Income Trust will purchase $150 million in MGM Growth Properties Class A shares. MGP will own 50.1% of the joint venture, and BREIT will own 49.9%.
MGM Resorts will enter into a long-term triple net master lease for the MGM Grand and Mandalay Bay and will continue to manage and be responsible for the properties on a day-to-day basis, with the joint venture owning the properties and receiving rent payments.
The transaction is expected to close in the first quarter of 2020.
“We are pleased to announce this partnership with BREIT, which illustrates the numerous opportunities available to grow our business and emphasizes the strong institutional demand for gaming real estate assets,” MGP CEO James Stewart said in a statement.
“Along with the contemplated cash redemption of $1.4 billion of MGM’s operating partnership units as announced by MGM, we expect this transaction to be accretive to AFFO while allowing us to maintain pro rata net leverage of 5.6x.”
MGM shares were down 0.45% at $33.22 at the time of publication Tuesday. The stock has a 52-week high of $33.87 and a 52-week low of $23.68.
(Saint-Cloud, October 29, 2019) – This summer, Lann-Bihoué French naval air station received the first two ATL2 maritime patrol aircraft upgraded by Dassault Aviation.
Last week, Florence Parly, Minister of the Armed Forces, flew on one of these aircraft.
These two events demonstrate the progress made on the upgrade program which is designed to modernize the ATL2 combat system to standard 6.
new radar: Thales Search Master with active antenna,
new Thales acoustic subsystem to gather and process signals from the latest-generation air-dropped sonobuoys for submarine detection,
new navigation console designed by Dassault Aviation,
new consoles for the tactical display subsystem, developed by SIAé.
The upgrade work is performed by Dassault Aviation and Thales (co-contractors), in association with Naval Group and in cooperation with SIAé. Architect of the combat system, Dassault Aviation is as well responsible for development of the core system including LOTI software designed by Naval Group. Dassault Aviation is also in charge of overall integration of all subsystems.
All the specifications for this program were established using the PLM Systèmes tool as part of a Dassault Aviation-Thales-Naval Group-SIAé collaborative work platform installed at St-Cloud in the Dassault Aviation design office.
The standard 6 upgrade will improve the ATL2s’ capability to support the Strategic Ocean Force, to deal with modern threats (future nuclear or conventional submarines, naval forces at sea, etc.) and to support air-land missions, until 2030.
France is one of the very few countries producing high-technology maritime patrol aircraft combining detection (optronics, radar, acoustics) with a variety of weapons (anti-ship missiles, torpedoes, laser-guided weapons).
“This expertise as an architect of maritime patrol solutions, both for the platform and for systems integration, is the result of experience dating back to the late 1950s and the launch of the ATL1 program, the predecessor of the ATL2. Dassault Aviation has extended this experience, from the 1970s onwards, with the maritime surveillance Falcons, the latest version of which is the Falcon 2000 MRA-based Albatros program. As we have shown once again with the standard 6, this maritime patrol/maritime surveillance expertise builds largely on the trust and the excellent working relations between our company, the DGA and the French Navy, to which I express my sincere gratitude. We will leverage this know-how to prepare together maritime patrol solutions beyond 2030”, declared Eric Trappier, Chairman and CEO of Dassault Aviation.
