Tag: option (Page 1 of 3)

Etihad Airways expands schedule with two new destinations

February 29, 2024 / WIL BALDWIN

Abu Dhabi, UAE – In the latest significant boost to its global network, Etihad Airways, the national airline of the United Arab Emirates, has announced substantial updates to its summer schedule.

This strategic expansion includes the addition of new flights and increased frequencies to existing routes, reinforcing Abu Dhabi’s position as a global connector and enhancing travel options.

The airline is set to broaden its reach by launching flights to two new fantastic and sought-after destinations: Beginning 15 June, Etihad will operate three seasonal weekly flights between Abu Dhabi and Antalya (AYT), Turkey. Operations to Jaipur (JAI), India will start 16 June with four weekly flights.

More, more, more

Starting 15 June, Etihad is increasing its service frequency to a number of key destinations:

The weekly flights to Thiruvananthapuram and Amman will be increased by three, totalling 10 and 14 respectively. Additional services include three more flights to Cairo for a total of 24, Karachi increasing to 17, and Colombo to 20 weekly flights.

The latest expansion contributes to an overall 33 per cent increase in Etihad’s total weekly flights, growing from 635 last summer to 847 in 2024, and extends Etihad’s reach from 65 to 75 destinations, significantly enhancing worldwide connectivity.

Manchester City 787 | Etihad Airways

Alstom to build two infrastructure sections on Florence tramway Line 4

January 12, 2024 / WIL BALDWIN

January 12, 2024 – Alstom SA (Paris: ALSO), a global leader in smart and sustainable mobility, has been awarded a contract by the Municipality of Florence, valued at € 50 million for the construction of track, catenary, substations, and lighting system for Line 4.2 of the city’s tram system, with an option for Line 4.1, worth €49 million.

The tender was awarded to a temporary consortium of companies composed by the mandated company CMB together with Alstom, Hitachi Rail and ComNet, and covers operations spanning across a distance of 5.3 kilometres (11 stops) of Line 4.2 Campi Bisenzio-Piagge. The Line 4.2 will connect Le Piagge station to San Donnino and from there to the centre of Campi Bisenzio.

The contract includes an option, for the second lot, which will cover the 6.3 kilometres of Line 4.1 Piagge-Leopolda (13 stops) will connect Line 4.2 with the city centre.

The project is financed by National Recovery and Resilience Plan funds.

The works will be carried out by the System & Infrastructure team in Rome and the components for the electric traction will be designed and supplied by the Alstom site in Valmadrera, Lecco.

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.

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.

Amtrak customers now benefit from more flexible and affordable fares

October 27, 2023 / WIL BALDWIN

Washington, D.C. – Based on extensive customer research, and in an effort to better meet customer needs, Amtrak has introduced a new, simplified fare structure with more flexible and affordable options. The simpler fare structure launched this week and builds on other recent improvements Amtrak has made to the booking experience.

The new fare structure reduces fare types from three categories to two and serves to provide a more consistent booking experience with fare types that are clearly differentiated and easy-to-understand:

Flex: For customers who want a more flexible travel option, these tickets are fully refundable if canceled, and can be changed without fees before departure[1].
Value: For customers who know their travel plans and want a more affordable option, these tickets are at a lower price than Flex tickets, non-changeable and receive a 75% refund if canceled.

In addition to simplifying the fare structure, benefits of the new approach also include:

Flex fares will often be available starting at lower prices than previously offered.
Occasional sale fares at an even deeper discount (these will be non-changeable and receive a 50% refund if canceled).
Any refunds of credit card purchases will be made to the original form of payment, rather than as an eVoucher.[2]

These changes to Coach and Acela Business tickets make it easier for Amtrak customers to choose the ticket type that best fits their travel needs. Non-Acela Business and First Class tickets were already fully refundable and changeable with no additional fees. Tickets purchased prior to the launch of the new simplified fare structure remain subject to the fare rules and conditions that were in effect when the ticket was purchased.

United Airlines Orders 50 More Boeing 787 Dreamliners

October 3, 2023 / WIL BALDWIN

Seattle, Washington, October 3, 2023, PRNewswire – Boeing (NYSE: BA) and United Airlines (Nasdaq: UAL) announced today the carrier is expanding its 787 Dreamliner fleet, exercising options to order 50 787-9 airplanes and securing an additional 50 options. The new Dreamliner order provides United additional flexibility as the airline modernizes its global fleet over the next decade.

With 150 firm orders, United has the largest Dreamliner orderbook on record and is positioned to become the largest 787 operator in the world. Today’s announcement follows the airline’s record-setting purchase of 100 787 airplanes last year.

As the first airline to operate all three models in the 787 family, United’s existing fleet consists of more than 70 Dreamliners. The fuel efficiency and reliability of the 787 provide United with the flexibility to fly its expansive global route network.

The enhanced efficiency and performance of the 787 reduce fuel use and emissions by up to 25% compared with the airplanes it replaces, depending on the configuration. The 787-9 has a globe-spanning range that allows carriers to fly up to 7,565 nautical miles (14,010 km) while seating up to 296 passengers.

The 787 is the best-selling widebody in history with more than 1,800 orders from 87 customers – including more than 870 repeat orders from 56 repeat customers. In the last year, customers have placed nearly 350 orders and commitments for the 787 family.

Air Canada orders 18 Boeing 787-10’s, will fly every model in 787 Dreamliner family

September 25, 2023 / WIL BALDWIN

Seattle, Washington, September 25, 2023, PRNewswire – Boeing (NYSE: BA) and Air Canada (Toronto: AC) announced today the carrier is selecting the 787 Dreamliner to further modernize and grow its fleet with an order for 18 787-10 widebody jets, with the option to purchase 12 more. The flag carrier of the country, Air Canada will deploy the new fuel-efficient airplanes as part of its broader strategy to reduce carbon emissions while expanding its global route network.

Reducing fuel use and improving efficiency by up to 25% compared to previous generation jets, the 787 helps advance Air Canada’s ambitious environment goals over the next several decades. The carrier is positioned to optimize its fleet as it adds international routes in new and existing markets, further benefiting from the Dreamliner family’s route flexibility and operating economics.

Air Canada currently operates a fleet of 38 787s, including eight 787-8 and 30 787-9 jets. The largest model in the family, the 787-10, can carry up to 336 passengers with a range of 6,330 nautical miles (11,730 km).

With the selection of the 787 Dreamliner family, Air Canada is supporting economic growth and jobs across the Canadian aviation industry. Canada is among Boeing’s largest international supply bases with more than 550 suppliers. There are more than a dozen Canadian suppliers supporting the 787 program, including Boeing’s aerospace composite manufacturing facility in Winnipeg. Each year, Boeing contributes around $4 billion Canadian dollars in economic benefit to the country while supporting more than 14,000 direct and indirect jobs.

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.

Amtrak Airo Trainsets Ordered to Meet Surging Demand

August 22, 2023 / WIL BALDWIN

Washington, D.C. – Amtrak executed a contract option to order 10 additional Amtrak Airo trainsets as demand for passenger rail travel exceeds expectations. This brings the total contract order to 83 trainsets. The first Amtrak Airo trainset is scheduled to debut in 2026 and these new trains will operate on routes throughout the country. The Amtrak Airo trainsets are being manufactured in California by Siemens (OTC: SIEGY) A.G. of Germany.

Currently in production, the new trains will elevate the customer journey. Features include:

💺 Spacious, Comfortable Seats: Loaded with features and improvements:
- Dedicated power, USB-C ports, seatback tablet and phone holders, bigger and sturdier tray tables and adjustable cup holders.
- Contoured seat cushions, enhanced leg room, individual arm rests and adjustable headrests – all with a focus on ergonomics.
🗺 Trip and Train Navigation: Bolder, color-coded signage to identify amenities and differentiate classes of service, both on board and on the platform.
🌍 Greener Impact:
- More fuel efficient, producing 90% less particulate emissions in diesel operations.
- Dedicated water stations on each trainset, providing chilled and filtered hydration, while reducing the need for disposable plastic bottles.
🤳 Modern Tech: New 5G Wi-Fi and digital information systems.
♿ Enhanced Accessibility:
- Spacious and accessible restrooms, vestibules and Café cars with integrated boarding equipment for customers with reduced mobility.
- Inductive hearing technology to assist with onboard announcements.
🍽 Café Car: Contemporary food service allows for a grab-and-go experience.
🚽 Restrooms: Touchless with spacious, accessible interiors.
💻 Business Class: Increased space between customers, offering double and single seats, wider arm rests, additional outlets, footrests and improved ambiance.
💡 Lighting: Enhanced lighting provides a softer yet functional interior with individual reading lights at each seat.
🧳 Luggage: Access to ample storage space for baggage.

Click the link below to watch the video!

U.S. Department of Defense Exercises Options for 36 TH-73A Helicopters

January 2, 2022 / WIL BALDWIN

Leonardo welcomed the announcement by the U.S. Department of Defense to award AgustaWestland Philadelphia Corp. a $159.4 million USD firm-fixed price modification to the previously awarded contract for the U.S. Navy’s Advanced Helicopter Training System. This modification exercises options for the production and delivery of 36 TH-73A helicopters Lot III and initial spares.

In January 2020 Leonardo, through AgustaWestland Philadelphia Corp., was awarded a firm-fixed-price contract valued at $176 million for the production and delivery of an initial 32 TH-73A helicopters, along with spares, support, dedicated equipment, and specific pilot and maintenance training services.

In November 2020, the second lot of aircraft were ordered through a $171 million contract modification, an additional 36. The lot III brings the total number of aircraft on order to 104. The total requirement is for 130 aircraft. The TH-73A will be used to train the next generation of student aviators from the U.S. Navy, Marine Corps and Coast Guard and is only made at Leonardo’s FAA-certified Part 21 Production Line in Philadelphia, PA.

Click the link below to watch the video!

https://leonardo.canto.global/s/KA76E?viewIndex=0&column=video&id=9r87ussssd53td82qke7v2t90d

Heart Aerospace Selects Garmin G3000 Flight Deck for First All-Electric Airliner

December 14, 2021 / WIL BALDWIN

OLATHE, Kansas/Business Wire – Garmin^® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), has announced a long-term agreement with Heart Aerospace to provide the state-of-the-art Garmin G3000^®integrated flight deck for the ES-19 electric airliner. Heart Aerospace is working to develop the new ES-19, a 19-seat electric airliner that has the potential to provide the regional air transport market with a more sustainable and environmentally friendly aircraft option as early as 2026. Additionally, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft once the aircraft meets United’s safety, business and operating requirements.

The modular Garmin G3000 integrated flight deck boasts lightweight and vibrant high-resolution flight displays that support navigation, communication and flight sensor solutions and integrates seamlessly into the ES-19 aircraft systems. Specifically tailored to meet the needs of electric aircraft, the G3000 system that will be featured in Heart Aerospace’s ES-19 delivers enhanced capabilities to optimize the aircraft’s electric drive train and battery management systems. The G3000 is architected to provide the ability to efficiently facilitate future system upgrades as the electric aircraft industry continues to evolve.

Heart Aerospace is an electric airplane company headquartered in Gothenburg, Sweden, developing the ES-19, a nineteen-passenger regional aircraft driven entirely by batteries and electric motors. The first ES-19 is scheduled to enter into service by 2026. The first-generation aircraft will have a maximum range of up to 250 miles using lithium-ion batteries. The ES-19 will have zero operational emissions and offer significantly lower operating costs compared to similar sized gas-turbine aircraft. The ES-19 aircraft will also be quieter than its turboprop counterparts, with less vibration and noise, making it ideal for the development of short-range regional air travel.

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