Tag: Opportunities (Page 1 of 4)

Air Lease Corporation announces Boeing 737-8 aircraft lease placement with LOT Polish Airlines

November 2, 2023 / WIL BALDWIN

Los Angeles, California, November 1, 2023, Business Wire – Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Boeing 737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to deliver to LOT in mid-2024, and will add to the 11 Boeing 737-8s and one 787-9 Dreamliner aircraft already on lease from ALC.

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.

Nidec and Embraer receive approval for joint venture to develop Electric Propulsion System

October 5, 2023 / WIL BALDWIN

Kyoto, Japan, October 6, 2023 – Japan’s Nidec Corporation (OTC: NJDCY) and Brazil’s Embraer (NYSE: ERJ) welcome the unconditional approval from all necessary regulatory authorities for the establishment of their joint venture, Nidec Aerospace LLC. The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering conglomerates to develop Electric Propulsion Systems (EPS) for the aerospace sector.

Vincent Braley, chief of staff for Nidec’s Motion and Drives business in the United States, has been appointed the CEO of Nidec Aerospace with immediate effect. Braley brings broad experience in business development and management to his new role to lead the joint venture’s future growth.

Unveiled at the Paris Air Show in June, the business combination aims to unlock new opportunities by providing an agnostic portfolio of products and services worldwide, driven initially by the growth of the Urban Air Mobility (UAM) industry. The UAM market is emerging and could create a USD 1.5 trillion market by 2040, according to Morgan Stanley Research.

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.

AirAsia welcomes inaugural flight from Hong Kong to Penang

August 13, 2023 / WIL BALDWIN

Penang, Malaysia, August 12, 2023 – AirAsia (5238.KL) celebrated its newly-resumed flight from Hong Kong to Penang today with a grand welcome. The route, operated with a thrice weekly frequency, marks a significant milestone for AirAsia making it the only low-cost carrier offering this direct air connection between the two vibrant cities.

The welcoming ceremony was graced by the Deputy Minister of Tourism, Arts and Culture of Malaysia, YB Khairul Firdaus Akbar Khan, the Caretaker Penang State EXCO for Tourism & Creative Economy, YB Yeoh Soon Hin, Chief Executive Officer of Penang Global Tourism, Mr Ooi Chok Yan, and Non-Executive Director of Capital A, Dato’ Abdul Aziz Bakar, further highlighting the importance of this new connectivity for both leisure and business opportunities.

Flight AK2280 departed from Hong Kong International Airport and arrived at Penang International Airport at 2.55pm with an impressive load of 96 percent, of which elated guests were greeted with a warm reception. Guests on board the flight were welcomed with a water cannon salute and were treated to exclusive AirAsia merchandise.

The famous ‘Pearl of the Orient’ renowned for its rich history, diverse culture, and delectable cuisine has long been a popular destination for both leisure and business travellers. With the introduction of this new route, AirAsia aims to enhance connectivity between Hong Kong and Penang, making it more seamless for travellers to explore the beauty and charm of this picturesque island.

Texas Central and Amtrak Seek to Explore High-Speed Rail Service Opportunities

August 9, 2023 / WIL BALDWIN

Washington, D.C. – Texas Central Partners (“Texas Central”) and Amtrak are seeking opportunities to advance planning and analysis work associated with the proposed Dallas-Houston 205-mph high-speed rail project to further determine its viability. Amtrak has cooperated with Texas Central on various initiatives since 2016 and the two entities are currently evaluating a potential partnership to further study and potentially advance the project.

The proposed approximately 240-mile route would offer a total travel time of less than 90 minutes between two of the top five major U.S. metropolitan areas and would complement future, new and improved corridor and long-distance service in the southern region.

Texas Central and Amtrak have submitted applications to several federal programs in connection with further study and design work for the potential Dallas to Houston segment, including the Consolidated Rail Infrastructure Safety and Improvements (CRISI) grant program, the Corridor Identification and Development program, and the Federal-State Partnership for Intercity Passenger Rail (FSP-National) grant program.

Amtrak has worked with Texas Central since 2016 when it entered into agreements to provide through-ticketing using the Amtrak reservation system and other support services for the planned high-speed rail line.

In addition to current Amtrak service in Texas and planned station improvements, Amtrak submitted grant applications for daily Sunset Limited service and the extension of the Crescentfrom Mississippi through Louisiana and Texas. Amtrak supports Kansas DOT’s Heartland FlyerExtension Corridor Identification and Development (Corridor ID) application that will connect Wichita and communities across Kansas, Oklahoma, and Texas to the Amtrak network. Amtrak also supports Texas DOT’s applications for the Texas Triangle (Dallas – Fort Worth – Houston – San Antonio) routes.

CSX and SMART-TD Partner to Deliver Enhanced Conductor Training

July 31, 2023 / WIL BALDWIN

Jacksonville, Florida, July 31, 2023 – CSX (NASDAQ: CSX) and the International Association of Sheet Metal, Air, Rail and Transportation Workers — Transportation Division (SMART-TD) announced they are partnering to extend CSX’s conductor training program to five weeks from the previous four-week regimen to provide new hires with additional hands-on experience prior to beginning on-the-job training (OJT).

The extra week of training at the CSX Training Center in Atlanta will focus on performing tasks in a field setting to increase trainees’ exposure to railcar switching scenarios, radio communication, securement of equipment, brake tests and other fundamentals of the conductor’s role. Hands-on application of these skills begins in the third week of training, and the additional week will reinforce trainees’ comfort level by providing multiple opportunities to perform the tasks while operating on first and second shifts.

CSX developed the extended training program in consultation with the SMART-TD, which represents its train crew employees. After completing their five weeks at the Atlanta Training Center, new conductors begin up to five months of OJT at their hiring location, where they learn the physical characteristics and job assignments of their designated territory.

Icelandair becomes new Airbus customer with order for 13 Airbus A321XLR

July 6, 2023 / WIL BALDWIN

Toulouse, France, 06 July 2023 – Icelandair, the main Icelandic airline based in Keflavik, has placed a firm order for 13 Airbus A321XLR. The order makes Icelandair a new Airbus customer. The airline is also planning to lease four A321LR’s.

With its extra long range, the A321XLR will allow Icelandair to seize new market opportunities. The aircraft will also enable the airline to reduce its operating costs, support its sustainability targets and at the same time offer its passengers the best in cabin comfort.

The A321XLR is the next evolutionary step forward from the A320neo responding to market needs for even more range and payload, and creating more value for the airlines. It will deliver an unprecedented Xtra Long Range of up to 4,700nm – 15% more range than the A321LR and with 30% lower fuel burn per seat compared with previous generation competitor aircraft, as well as reduced NOx emissions and noise. For passengers, the A321XLR’s new Airspace cabin will provide the best travel experience, while offering seats in all classes with the same high-comfort as on a long-haul wide-body, with the low costs of a single-aisle aircraft. By the end of May 2023, the A320neo Family had accumulated more than 8,750 orders from 136 customers worldwide.

Virgin Galactic Completes First Spaceflight from Spaceport America, New Mexico

May 26, 2021 / WIL BALDWIN

Virgin Galactic has completed its third spaceflight and the first ever from Spaceport America, New Mexico. Today’s flight sees New Mexico become the third US state to launch humans into space. VSS Unity achieved a speed of Mach 3 after being released from the mothership, VMS Eve, and reached space, at an altitude of 55.45 miles before gliding smoothly to a runway landing at Spaceport America.

On VSS Unity’s flight deck were CJ Sturckow and Dave Mackay, while Kelly Latimer and Michael Masucci piloted VMS Eve. CJ, who flew as pilot-in-command, becomes the first person ever to have flown to space from three different states. The crew experienced extraordinary views of the bright, blue-rimmed curvature of the earth against the blackness of space. New Mexico’s White Sands National Park sparkled brilliantly below. Their experience today gives Virgin Galactic’s Future Astronaut customers a glimpse of what lies ahead.

Virgin Galactic fulfilled a number of test objectives during the flight, including:

Carried revenue-generating scientific research experiments as part of NASA’s Flight Opportunities Program.
Collected data to be used for the final two verification reports that are required as part of the current FAA commercial reusable spacecraft operator’s license.
Tested the spaceship’s upgraded horizontal stabilizers and flight controls and validated EMI reductions.

Following the flight, and in line with normal procedures, Virgin Galactic will conduct a review of all test data gathered and thoroughly inspect the spaceship and mothership. Once the team confirms the results, the Company plans to proceed to the next flight test milestone.

To celebrate the first human spaceflight from New Mexico, the Zia Sun Symbol of New Mexico’s state flag was placed prominently on the exterior of the Spaceship. In addition, we flew green chile seeds, which are synonymous with the state’s rich agricultural and culinary history.

Frontier Airlines Begins Three New Nonstop Routes From Miami International Airport

March 8, 2021 / WIL BALDWIN

MIAMI – March 8, 2021 – Low-fare carrier Frontier Airlines this week takes off with three new, nonstop routes from Miami International Airport (MIA) to Cancun, Mexico; St. Thomas, U.S. Virgin Islands and Punta Cana, Dominican Republic. In addition, next month, the airline will launch its maiden service to Central America from Miami with nonstop flights to Guatemala City and San Salvador.

Frontier now offers 28 nonstop destinations from Miami, including six international routes. The new flights to the Caribbean, Central America and Mexico represent Frontier’s commitment to expanding travel opportunities to exciting destinations while maintaining its ‘Low Fares Done Right’ approach.

“We’re pleased to expand in Miami with new flights to Cancun, Punta Cana and St. Thomas,” said Daniel Shurz, senior vice president of commercial, Frontier Airlines. “Frontier has grown rapidly at Miami International in recent years and we look forward to launching our first flights to Central America next month with nonstop service to Guatemala City and San Salvador. We’re bringing our ultra-low-fares and customizable travel options model to these new flights to offer our customers unprecedented affordability and value to these highly sought destinations.”

Frontier Airlines Started Four New Nonstop Routes From Las Vegas Today

March 8, 2021 / WIL BALDWIN

LAS VEGAS – March 8, 2021 – Low-fare carrier Frontier Airlines this week takes off with four new, nonstop routes to Las Vegas from El Paso, Texas; Little Rock, Arkansas; Oklahoma City, Oklahoma and Wichita, Kansas. Plus, later this month, Frontier begins nonstop service from McCarran International Airport (LAS) to two popular vacation destinations in Mexico: Los Cabos and Puerto Vallarta.

Frontier now offers 44 nonstop destinations from Las Vegas, including two international routes. The new flights to Mexico represent Frontier’s commitment to expanding travel opportunities to exciting destinations while maintaining its ‘Low Fares Done Right’ approach.

“We’re very excited bring more new flights to Las Vegas and offer an affordable travel option for folks from El Paso, Little Rock, Oklahoma City and Wichita to visit the Entertainment Capital of the World,” said Daniel Shurz, senior vice president of commercial, Frontier Airlines. “Frontier has quickly become a preferred airline in Las Vegas with an established crew base, robust flight schedule and ultra-competitive fares and we look forward to welcoming Nevadans on our two new international routes later this month to the sunny beaches of Los Cabos and Puerto Vallarta.”

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