Tag: memorandum (Page 1 of 3)

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.

Embraer displays defense & security portfolio at ADEX South Korea 2023

October 16, 2023 / WIL BALDWIN

Seoul, South Korea, October 16, 2023 – Embraer SA (NYSE: ERJ) Defense & Security products and solutions, with one of the most comprehensive portfolios and innovative solutions for the defense and security markets, will be presenting at ADEX 2023 in Seoul, South Korea. Embraer’s solutions are present in more than 60 countries, include the C-390 Millennium multi-mission transport aircraft and the A-29 Super Tucano light attack and training aircraft, in addition to broader solutions for air, land, sea, and space domains.

Last year, Embraer signed several Memorandum of Understanding with Korean aerospace companies AeroSpace Technology of Korea (KOSDAQ: 067390), EMKorea Co Ltd (KOSDAQ: 095190), and Kencoa Aerospace Corp (KOSDAQ: 274090) with the objective of strengthening collaboration with Korean defense industry partners for the future supply of parts for the Embraer C-390 Millennium aircraft.

The C-390 Millennium is currently under operation with the Brazilian Air Force (FAB), where the existing fleet is presenting operational availability of 80% and mission accomplishment rates in excess of 99%, demonstrating exceptional productivity for this aircraft segment. Besides Brazil, Portugal, Hungary, the Netherlands and most recently Austria have selected the C-390 to modernize their military transport aircraft fleets.

Indonesia Ministry of Defense Visit, Republic of Indonesia; TNI Lieutenant General (Purn) Prabowo Subianto tours F-15EX Production in Building 101; F-15 Static Display in Building 75 and Ceremonial Statement Signing in Building 100 Prologue Room - St. Louis, MO. MSF23-036 Series.

Indonesia Announces Commitment to Acquire Boeing F-15EX

August 21, 2023 / WIL BALDWIN

ST. LOUIS, MISSOURI, August 21, 2023 – The Republic of Indonesia and Boeing (NYSE: BA) shared their commitment to finalize the sale of 24 F-15EX aircraft to Indonesia, subject to U.S. government approval, during a visit of Indonesia’s Minister of Defense Prabowo Subianto to the United States.

The signing of a Memorandum of Understanding (MoU) by Air Vice Marshal Yusuf Jauhari, Head of Defense Facilities Agency, Indonesia Ministry of Defense, and Mark Sears, Boeing Fighters vice president and program manager, took place today at the company’s St. Louis facility following a tour of the F-15EX production line.

The F-15EX is the most advanced version of the F-15 ever built, with digital fly-by-wire flight controls, a new electronic warfare system, an all-glass digital cockpit, and the latest mission systems and software capabilities, which will all be leveraged in delivering the new F-15IDN.

Boeing and Indonesia have worked in partnership for nearly 75 years to support the development of aerospace and defense capabilities in the country through training, supply chain development and collaborations. Today, Boeing’s presence in Indonesia covers commercial aviation, defense, space, supply chain, academia partnerships and talent development efforts across the local industry.

Currently the F-15 is operated by seven countries around the world.

Eve and DHL Partner to Design a Supply Chain Concept for eVTOL Support

August 9, 2023 / WIL BALDWIN

Melbourne, Florida – August 9, 2023 – Eve Air Mobility (NYSE: EVEX) and DHL Supply Chain, a global leader in warehousing and distribution, announced today the signature of a Memorandum of Understanding (MoU) to conduct a study of key demands and supply chain characteristics for Eve’s electric vertical take-off and landing aircraft (eVTOL) operation. The primary goal of the partnership is to explore and understand best practices for supplying operators and service centers with spare parts and inputs, with an emphasis on batteries and the specific requirements concerning transport, storage and disposal of those devices. Other aspects reviewed will include modes of transportation, frequency, and delivery plan, required logistics partners, potential locations for advanced inventories, physical and technological infrastructure requirements and contingency plans.

The logistics study from Eve and DHL will encompass the distribution of parts and materials required for repairs and maintenance. Another crucial aspect to be considered is battery logistics, which holds significant importance in this business model. In this regard, DHL’s expertise in handling batteries from various industries will be leveraged. The companies will also evaluate supply chain management for general supplies to vertiports, optimizing the business processes.

Continuing to achieve significant milestones in the development of its eVTOL and agnostic solutions for the market ecosystem, Eve holds the largest backlog in the Urban Air Mobility (UAM) industry, with up to 2,850 aircraft. Among its accomplishments are the creation of a distinctive Urban Air Traffic Management (Urban ATM) software and the establishment of a comprehensive network of services and operational solutions. The first eVTOL deliveries and entry into service are expected as early as 2026.

Viva Aerobus signs Memorandum of Understanding for 90 Airbus A321neo aircraft

July 8, 2023 / WIL BALDWIN

Mexico City, July 8th, 2023.- Viva Aerobus has signed a Memorandum of Understanding (MoU) for 90 Airbus (OTC: EADSY) A321neo aircraft. This is the third order Viva has completed with the European manufacturer, thus maintaining a single fleet of A320 family aircraft. The airline’s order book has now reached 170 Airbus aircraft which provides flexibility to continue growing and renewing its fleet, upholding it as one of the youngest in the Americas.

The A321neo offers unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50 percent noise reduction, and more than 20 percent fuel savings compared to previous single-aisle generation aircraft, while maximizing passenger comfort with the widest single-aisle cabin and large overhead stowage space.

The GTF engine uses a revolutionary geared fan technology that allows each part of the engine to spin at optimum speed, delivering the highest fuel efficiency and lowest greenhouse gas emissions.

These 90 Airbus A321neo aircraft powered by GTF engines will drive Viva’s domestic and international growth plans. This is particularly important since Mexico is expected to recover the US Federal Aviation Administration’s (FAA) Category 1 rating in the coming months. It is also very relevant given the commercial alliance Viva signed with US carrier Allegiant back in December 2021, which will give more people access to new non-stop air transport between Mexico and the US.

Aviation Capital Group Commits to 20 A220’s and 40 A320neo Family Aircraft

December 30, 2021 / WIL BALDWIN

Toulouse, France 30 December 2021 – Global full-service aircraft lessor Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a Memorandum of Understanding (MoU) with Airbus (OTC: EADSY) for 20 A220’s and a firm contract for 40 A320neo Family aircraft, of which five are A321XLR’s.

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

With this order ACG is supporting the recently launched multi-million dollar ESG fund initiative by Airbus that will contribute towards investment into sustainable aviation development projects.

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.

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

ITA Airways Firms Up Order for 28 Airbus Aircraft

December 1, 2021 / WIL BALDWIN

Toulouse, France, 1st December 2021 – ITA Airways, Italy’s new national carrier, has firmed up an order with Airbus (OTC: EADSY) for 28 aircraft, including seven A220’s, 11 A320neo’s, and 10 A330neo’s, the latest version of the most popular A330 widebody airliner. The order confirms the Memorandum of Understanding announced on 30th September 2021. In addition, the airline will pursue its plans to lease A350s to complement its fleet modernization.

These new Airbus aircraft will expand the initial ITA Airways fleet with a new generation aircraft with better environmental performance, equipped with latest technologies and state-of-the-art cabins to guarantee maximum operational efficiencies for the airline and the best comfort to travelers.

The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation geared turbofan engines. With a range of up to 3,450 nm (6,390 km), the A220 gives airlines added operational flexibility. The A220 delivers up to 25% lower fuel burn and CO2 emissions per seat compared to previous generation aircraft, and 50% lower NOx emissions than industry standards. In addition, the aircraft noise footprint is reduced by 50% compared to previous generation aircraft – making the A220 a good neighbour around airports.

The Airbus A330neo is a true new-generation aircraft, building on features popular for the A330 Family and developed for the latest technology A350. Equipped with a compelling Airspace cabin, the A330neo offers a unique passenger experience with the latest-generation in-flight entertainment systems and connectivity. Powered by the latest Rolls-Royce Trent 7000 engines, and featuring a new wing with increased span and A350-inspired winglets, the A330neo also provides an unprecedented level of efficiency – with 25% lower fuel-burn per seat than previous-generation competitors. Thanks to its tailored mid-sized capacity and its excellent range versatility, the A330neo is considered the ideal aircraft to support operators in their post-COVID-19 recovery.

Saab Expands Cooperation Within Ground Launched Small Diameter Bomb Campaign

November 30, 2021 / WIL BALDWIN

Saab has entered a Memorandum of Understanding (MoU) with Nammo and Nordic Shelter to support the ongoing GLSDB (Ground-Launched Small Diameter Bomb) campaign.

The new agreement was announced during a signing 23 November 2021 in Oslo, Norway. Nammo will contribute with its expertise in rocket motor development and production as part of the GLSDB propulsion sub-system. Nordic Shelter brings the knowledge and experience needed for the development and production of a modular GLSDB launcher, based on a purpose built 20-foot ISO-container.

GLSDB is a long range, precision artillery system developed by Saab and Boeing. The system is based on Boeing’s air-launched Small Diameter Bomb, which has been in production since 2006, with more than 30 000 units shipped. GLSDB enables Small Diameter Bomb to be ground-launched from a wide variety of launchers and configurations.

Embraer Eve and Wideroe Zero Work on Innovative Air Mobility Solutions for Scandinavia

November 10, 2021 / WIL BALDWIN

Glasgow, Scotland, November 10, 2021 – Embraer (NYSE: ERJ) incubator Eve Urban Air Mobility Solutions, Inc. (Eve), an Embraer company, and Wideroe Zero signed a Memorandum of Understanding (MoU). This partnership aims to develop Urban Air Mobility (UAM) solutions, with a focus on deployment of eVtol operations in Scandinavia.

The relationship between the two organizations began in 2017, when Wideroe signed an order for up to 15 E190-E2. The largest regional airline in Scandinavia is also the launch customer of the new generation E-Jets E2 family, starting the E190-E2 operations in April 2018 in Bergen, Norway.

Now, with the creation of the Air Mobility Business Incubator, Wideroe Zero, the companies will use Eve’s zero-emission and low noise footprint eVTOL vehicle to develop a new concept of operation where passengers will experience the future of electric transportation and a new model of sustainable mobility, connecting people living in a sparsely populated region and challenging geography.

As part of this collaboration, Wideroe Zero will contribute to a market readiness exercise and a vehicle concept of operation study in Scandinavia, furthering Eve’s development of the UAM market in the region.

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