Tag: model (Page 1 of 6)

Milan court rules in favor of ryanair online distribution model

February 14, 2024 / WIL BALDWIN

Milan, Italy, February 14, 2023 – Ryanair Holdings PLC (Dublin: RYA), Europe’s No.1 airline, today welcomes the judgments of the Milan Court of Appeal conclusively rejecting Lastminute and Viaggiare’s claims that Ryanair’s exclusive online distribution model constitutes an abuse of a dominant position.

Ryanair has long campaigned to protect customers from price gouging by OTAs who continue to dupe unsuspecting consumers by unlawfully scraping Ryanair’s website, including by overcharging for air fares and ancillary services, using fake customer accounts, fake customer payment cards and fake customer emails. This can be hugely detrimental to customers who, apart from being overcharged, cannot access their Ryanair bookings, make the necessary security declarations, access refunds, or receive direct email communications (such as online check-in reminders) from Ryanair. This historical and precedent-setting Court ruling is a major step forward in protecting unsuspecting consumers from being overcharged by OTAs, and will help to ensure that Ryanair customers always get the lowest fares, the best customer service, and real time email communications.

Ryanair has recently concluded pro-consumer deals with the OTAs Love Holidays and Kiwi so that they can market our flights to their customers, without hidden mark-ups and with full transparency for passengers to protect them against overcharging.

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 delivers Ipanema agricultural airplane number 1,600

January 15, 2024 / WIL BALDWIN

Botucatu, Brazil, January 15, 2024 — Embraer SA (ADR-NYSE: ERJ) Agricultural Aviation Division delivered 65 Ipanema airplanes in 2023, an increase of 18% compared to the previous year. As a result, in December, the company reached the milestone of 1,600 units produced and delivered over the aircraft’s five decades of uninterrupted production.

Since the launch of the new version of the EMB-203 model in 2020, the company has seen continuous growth in sales and plans to increase production to 70 planes this year.

As the leader in the Brazilian aerial applications market, the Ipanema brings innovations and improvements that increase robustness with low operating costs and carbon emissions. The Ipanema is the only agricultural airplane certified and produced in series to fly on ethanol, a renewable energy source that provides increased power to the aircraft’s engine.

Forward-Looking Statements

Embraer E195-E2 receives steep approach certification for London City Airport

November 11, 2023 / WIL BALDWIN

Sao Jose Dos Campos, Brazil, November 10, 2023 – The Embraer SA (NYSE: ERJ) most advanced jet aircraft the E195-E2, has received certification for Steep Approach into London City Airport from EASA (European Aviation Safety Agency). This achievement is a significant development, allowing airlines to operate the E195-E2 at London City Airport (LCY), known for its challenging approach and short runway. Together with the E190-E2, which received Steep Approach certification in 2021, both members of the E2 family are now approved for operations from LCY.

The certification process highlighted the E195-E2’s impressive noise reduction among new generation single-aisle aircraft. It surpasses the requirements of ICAO’s strict Chapter 14 regulation, thereby offering a significantly quieter flying experience compared to the previous E195 model. The E195-E2’s noise footprint at take-off is around 60% smaller than current jet aircraft, such as the E190, and will bring benefits to local residents in terms of noise reductions. The E195-E2’s environmental performance extends beyond noise reduction. The aircraft delivers reduced emissions and improved fuel efficiency compared to previous generation aircraft. In 2022, Embraer and Pratt & Whitney demonstrated a successful test flight of an E195-E2 aircraft using 100% Sustainable Aviation Fuel (SAF), which could push the emissions reduction up to 85% in future.

During a proving flight, the E195-E2 first landed at the airport in July 2022. LCY, London’s most central airport, caters to both business and leisure passengers, offering quick access to continental Europe, making it a preferred choice for short-haul flights. The airport is a vital component of London’s wider connectivity and Embraer aircraft are uniquely able to manage the challenges of LCY operations, with Embraer aircraft accounting for a large proportion of LCY operations on routes as diverse as Edinburgh and Mykonos. To serve LCY, aircraft must comply with the steep approach, short runway, and stringent noise regulations. The E195-E2 could replace the current E190 fleet that existing airlines currently operate at LCY.

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.

Air Tanzania receives its first Boeing 737 MAX aircraft

October 4, 2023 / WIL BALDWIN

Dar Es Salaam, Tanzania, October 3, 2023, PRNewswire – Boeing (NYSE: BA) and Air Tanzania celebrated the arrival today of the airline’s first fuel-efficient 737 MAX single-aisle jet. The East African airline is the first carrier in Africa to receive the larger 737-9 model as it aims to meet growing travel demand in West Africa, Southern Africa and India.

Air Tanzania currently operates commercial service across Africa and to destinations in Asia with a fleet that includes two 787-8 Dreamliners and one 767-300 Freighter. Since its delivery in June 2023, the 767-300 Freighter has solved critical cargo challenges across Africa while opening opportunities to move business globally. The airline has an additional 787-8 on order.

The 737 MAX family delivers enhanced efficiency, improved environmental performance and increased passenger comfort to the single-aisle market. Powered by CFM International LEAP-1B engines and advanced technology winglets, the 737 MAX reduces fuel use and emissions by 20% compared to airplanes it replaces.

Textron Aviation and NetJets sign fleet agreement for up to 1,500 Cessna Citation jets

September 20, 2023 / WIL BALDWIN

September 20, 2023, – NetJets named launch customer for the new Cessna Citation Ascend

Wichita, Kansas, Business Wire – Textron Aviation (NYSE: TXT) and NetJets, a Berkshire Hathaway (NYSE: BRKa) today announced a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years. This agreement extends NetJets’ existing fleet agreement, and includes options for an increasing number of aircraft each year, enabling NetJets to expand its fleet with Cessna Citation Ascend, Citation Latitude and Citation Longitude aircraft. Equally exciting is the announcement that NetJets has been named the fleet launch customer for Textron Aviation’s newest jet — the Citation Ascend. Deliveries of the Citation Ascend are expected to begin in 2025 when the aircraft, currently under development, is expected to enter into service.

Since the inception of the more than 40-year relationship between the companies, NetJets has taken delivery of more than 800 aircraft from Textron Aviation, including exercising over 300 options for Citation Latitudes and Longitudes during the past eight years. This enduring relationship equips discerning customers with class-leading, safe, and reliable aviation travel experiences worldwide. Through the years, NetJets has owned and operated industry-leading Citations including the Citation SII, V, Excel/XLS, Sovereign, X, Latitude and Longitude models.

The Citation series of business jets has evolved to offer an unmatched range of capabilities, systems and options that allow customers to expand their business reach. More than 30 Citation models have been certified over the 50-year history of the Citation line. There are currently six Citation models in production: Citation M2 Gen2,Citation CJ3+, Citation CJ4 Gen2, Citation XLS Gen2, Citation Latitude and Citation Longitude, with the Citation Ascend under development.

LATAM Group receives new Boeing 787-9

September 11, 2023 / WIL BALDWIN

Santiago, Chile, September, 2023 – LATAM group (OTC: LTMAY) has received delivery of a new Boeing 787-9 directly from Charleston (United States) to Santiago (Chile), and is the only group of airlines in South America operating this model.

The Boeing 787-9 is equipped with advanced technology that allows it to reduce fuel consumption and CO2 emissions by 20-30% compared to the previous technology thanks to its lightweight materials, state-of-the-art engines, and modern aerodynamics.

Its arrival is part of LATAM group’s fleet renewal and modernization strategy, which will enable it to have 37 Dreamliners including the 787-8 variant by the end of this year, becoming one of the most modern and efficient fleets in South America. With this, the LATAM group aims to finish 2023 with a fleet of 332 aircraft, of which 78 are Wide Body and 254 are Narrow Body.

LATAM group’s new aircraft will feature 300 seats and has the capacity to cover an approximate distance of 14,010 km. Additionally, it boasts larger windows, spacious overhead compartments, technology that detects and counteracts turbulence for a smoother flight, and onboard diagnostic systems that allow the aircraft to self-monitor and automatically report maintenance requirements to ground systems.

Garmin expands xHD3 series with new magnetron dome radars

September 6, 2023 / WIL BALDWIN

Olathe, Kansas, September 6, 2023, PR Newswire – Garmin (NYSE: GRMN), the world’s most innovative and recognized marine electronics manufacturer, today announced the addition of two radars to the magnetron lineup, the GMR^™ xHD3/HD3 dome radar series. These new radars provide high-definition imaging and the latest platform technology to give boaters, sailors and anglers extra peace of mind on the water.

Now available in an 18” or 24” model, the xHD3 dome radar series adds new premium features for maximum clarity and awareness on the water:

Scan Averaging – a first for Garmin magnetron dome radar – to help filter sea clutter and interference, delivering a clearer display.
Target Size optimizes on-screen object shapes at all range scales through pulse expansion and angular processing.
True Echo Trails shows a historical “trail” of boats on the water, removing relative motion influence to help quickly identify moving targets and potential collision threats.
Rotation Speed up to 60 rpm to improve the redraw rate for faster target updates on a multifunction display (MFD).

GPSMAP 923xsv and GMR 18 HD3 Dome Radar Product Renders

Sportsman Boats selects Garmin as exclusive marine audio supplier

July 12, 2023 / WIL BALDWIN

Olathe, Kansas, July 12, 2023 – PR Newswire – Garmin (NYSE: GRMN), the world’s most innovative and recognized marine electronics manufacturer, announced today that Sportsman Boats will install Fusion^®Entertainment marine audio packages as the standard-fit for its full line of offshore center consoles and inshore bay boats beginning model year 2024. In addition to Garmin marine electronics, Sportsman will exclusively offer Fusion audio packages that include stereos, speakers, subwoofers and amplifiers on each of the 16 models across its Open, Heritage and Masters series.

Equipped with a full suite of Garmin electronics and audio packages that include Fusion RA670 and RA770 stereos, XS and Signature Series 3i speakers, and high-powered Apollo^™ amplifiers, Sportsman customers will benefit from the exclusive advantage of Fusion-Link^™ entertainment control onboard their boats. The free Fusion-Link app for compatible Apple and Android devices allows users to control sound volume, song choice, source selection and more through the custom Sportsman “SportTuun” profile at the touch of a button in and around their boat. Beyond seamless integration, Fusion audio products are engineered and tested with Fusion True-Marine^™ design and durability standards to ensure they can withstand any condition while maintaining a sleek design and stunning sound performance.

Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most innovative, highest quality, and easiest to use marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the eighth consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA).

Loft Orbital Signs Agreement to Procure Over 15 Airbus Arrow Satellite Platforms

January 17, 2022 / WIL BALDWIN

Airbus (OTC: EADSY) has been contracted to supply space start-up Loft Orbital with more than fifteen satellite platforms derived from the Airbus Arrow platform. Arrow is the foundational satellite platform of the OneWeb constellation. There are 394 Airbus Arrow platforms in orbit for the OneWeb constellation and a further 254 are being produced to complete the 648 spacecraft required by OneWeb. With this acquisition, Loft Orbital confirms its intention to make the Airbus Arrow platform a true workhorse enabling its service business model.

Loft Orbital offers a true end-to-end service enabling customers to rapidly deploy and operate their payloads on reliable high-performance satellites at an unprecedented simplicity and affordability. Loft Orbital has also contracted Airbus to modify the Arrow platform to make it suitable for a wider range of longer lifetime missions and applications. Loft Orbital has offices both in the USA and France, being based in the heart of Silicon Valley in San Francisco, and in the European space capital Toulouse, and intends to continue rapidly growing its French presence following this contract relationship with Airbus.

The improvements to the Arrow platform, including all the engineering, qualification, test, and production of the first few spacecraft will be performed by Airbus in Toulouse. The production at scale of the remaining Arrow-derived platforms will be performed by Airbus OneWeb Satellites (AOS).

Airbus Space’s strategy of Next Space will seek further engagement with new players in the space ecosystem to ensure that sustainability and reliability in the LEO space environment is guaranteed for the future.

Lufthansa Group Streamlines Pilot Training Program within ReNew Framework

February 19, 2021 / WIL BALDWIN

The global aviation crisis caused by the pandemic continues to have serious consequences for employees working in the airline industry. As a result, pilot training has also been severely affected by the repercussions of the crisis, as the need for recruitment has decreased.

Nevertheless, Lufthansa has decided to use the interruption caused by the crisis to fundamentally modernize the existing training concept at its in-house flight schools. The principle of ab-initio training will remain in place, as it has been proven to be successful for decades. However, in the future, a so-called “campus model” framework will provide modern, digital forms of training along with new selection procedures. These will enable more needs-based training for the various airlines of the Lufthansa Group and take into account the volatile demand in air traffic.

The campus training will be comparable to a university study program with defined qualification and training standards resulting in an institutionalized, internationally recognizable degree. After completing the training, graduates will be recruited depending on the demand situation of the respective flight operations of the various airlines of the Lufthansa Group.

Consequently, this gives the current generation of student pilots another perspective on a possible entry into cockpits at Lufthansa Group Airlines later on. In view of the current lack of prospects for pilot careers within the Lufthansa Group, last year the Group’s training division, Lufthansa Aviation Training (LAT), offered all flight students the option of ending their training without incurring any costs or, alternatively, continuing their training at another flight school.

Part of the new training concept is to provide theoretical and practical training, which is located closer to the customer. In the future, the theoretical part will be concentrated at the traditional Bremen location, where the digital modules for theoretical pilot training will also be developed. The practical part of the training, which is scheduled to take place in Germany, will be consolidated at Rostock-Laage: LAT already operates a modern and recognized training facility at “RLG” airport, the site of its largest external customer.

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