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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.

Emirates increasing flights to Brazil and Argentina starting in December

January 23, 2024 / WIL BALDWIN

Dubai, UAE, January 23, 2024 – Emirates has announced a fifth frequency on its Dubai – Rio de Janeiro route, starting on December 7, 2024. The additional weekly flight on Saturdays will provide increased capacity on its service to the Brazilian city and will support the growing demand for travel on the route. Additionally, the linked service allows travellers to conveniently travel onwards to the Argentinian capital city of Buenos Aires.

Emirates’ increase in capacity on its Dubai – Rio de Janeiro – Buenos Aires route will help the airline to meet market demand and offer customers greater flexibility, choice, and connectivity. With the fifth scheduled service, customers will now have more choice when selecting flights to suit their travel plans.

The additional weekly frequency between Dubai, Brazil and Argentina will operate as EK247 and EK248 in a 2-class configuration. Tickets can be booked immediately on emirates.com, the Emirates App, and travel agencies.

EK247 and EK248 is scheduled to operate with timings as follows (all times are local):

The airline’s boosted services to Brazil and Argentina are expected to facilitate additional connectivity for passengers travelling between these countries and other popular destinations in Emirates’ network including the UAE, Japan, Thailand, Maldives, Egypt, mainland China and Hong Kong, Turkey, South Korea, India, Australia and Indonesia. With Brazil and Argentina being home to the two largest Lebanese communities in Latin America, Emirates regularly serves customers travelling to and from Beirut. Furthermore, nationals of Brazil and Argentina can also enjoy the convenience of visa-free travel to Dubai, making it a popular destination for holidays and short stopovers.

Airbus delivers first C295 to India

September 13, 2023 / WIL BALDWIN

Seville, Spain, September 13, 2023 – Airbus Group SE (Paris: AIR) Defence and Space has officially handed over in fly-away condition the first of 56 C295 aircraft to the Indian Air Force (IAF) to begin replacing its ageing Avro 748 fleet.

The C295, in transport configuration and with an indigenous electronic warfare suite, will leave Airbus’ production site in Seville, Spain, for Delhi, India, in the next few days, piloted by a joint IAF and Airbus crew.

The first 16 C295’s of the 56 aircraft on order will be assembled at the San Pablo Sur site in Seville, Spain, with the second aircraft due to be delivered in May 2024 and the next 14 rolled out at a rate of one per month until August 2025.

First C295 ‘Make in India’ in 2026

To boost self-reliance in the defence-manufacturing sector in India, the remaining 40 C295s of the IAF order will be manufactured and assembled – in partnership with Tata Advanced Systems Limited (TASL) – at a Final Assembly Line (FAL) in Vadodara in western India.

The production of components of these aircraft has already started in the Main Constituent Assembly (MCA) facility in Hyderabad, southern India. These parts will be shipped to the Vadovara FAL, which is expected to be operational by November 2024.

The first ‘Make in India’ C295 will roll out of the Vadodara FAL in September 2026 in what will be a milestone for the Indian aerospace industry; the final aircraft expected to be delivered to the IAF by August 2031.

Thaicom contracts Airbus for a OneSat flexible telecommunications satellite

September 11, 2023 / WIL BALDWIN

Toulouse, France, September 11, 2023 – Thaicom PCL (THCOM), a leading Asian satellite operator and space technology company, has selected Airbus Group SE (AIR) for its new generation software-defined high throughput satellite.

Airbus will provide one of its latest designed satellites – a fully reconfigurable OneSat. This Thaicom satellite will provide extended connectivity in Ku-band over the Asia-Pacific region for millions of users. Thaicom has launched and operated eight geostationary satellites. This is Thaicom’s first flexible satellite, allowing for more adaptability on coverage, frequency and capacity which is crucial in such a dynamic region.

Positioned in orbit at 119.5° East, this state-of-the art satellite will enable Thaicom to propose to other partner operators a share of its satellite’s payload capacity, lowering their costs and still ensuring they have separate control of their individual payload capacity and flexibility.

Airbus will design and manufacture the satellite, and also provide ground control segment components. Airbus plans to deliver the satellite in 2027.

Airbus OneSat can be fully reconfigured in orbit, capable of adjusting the coverage area, capacity and frequency “on the fly” to meet evolving mission scenarios. It builds on the heritage of Airbus’ ultra-reliable Eurostar geostationary telecommunication satellites and the company’s constellation expertise with OneWeb. Development of the OneSat programme is supported by ESA, as well as the French Space Agency (CNES), and the UK Space Agency.

Lockheed Martin wins $765M deal for missile shield over Australia

August 29, 2023 / WIL BALDWIN

Canberra, Australia, August 29, 2023 – Lockheed Martin (NYSE: LMT) welcomed today’s announcement by the Department of Defense on being selected as the strategic partner to steward AIR6500 Phase 1 (AIR6500-1).

AIR6500-1 will provide the Australian Defence Force (ADF) with a Joint Air Battle Management System (JABMS) that will form the ground-breaking architecture at the core of the ADF’s future Integrated Air and Missile Defence (IAMD) capability. This first-of-its-kind system will provide greater situational awareness and defence against increasingly advanced air and missile threats, as well as give the ADF increased levels of interoperability with the United States and allied partners.

Since 2015, Lockheed Martin Australia has been highly dedicated to supporting ADF’s vision to transform into a fully integrated and IAMD capable force through AIR6500-1.

Lockheed Martin Australia has advanced a sovereign AIR6500-1 system solution that has been built from the ground up in Australia by Australians to safeguard Australia’s national security. To-date, Lockheed Martin Australia has:

Validated more than 130 Australian small to medium enterprises as potential partners.
Awarded contracts to more than 10 leading-edge companies such as Leidos Australia, Consunet, Consilium, C4I, Silentium, Penten, Lucid Consulting Engineering, and engaged with prime contractors, Raytheon and Boeing, during the risk reduction phase to develop an agile, integrated AIR6500 solution.
Committed AUD$74M to establish the nation’s future IAMD ecosystem to accelerate collaboration between academia, industry, Defence, and allied partners on IAMD capabilities. The IAMD ecosystem is expected to create more than 400 direct and 1,000 indirect local jobs.
Invested over AUD$100M into AIR6500.
Grown its sovereign workforce to over 200 Australian staff now dedicated to AIR6500.
Invested over AUD$10M to upgrade its Endeavour Centre to engage, explore, test, design and problem solve together with the ADF and industry through innovation, war gaming, exercises and more.

Embraer Delivers Six A-29 Super Tucano to Philippine Air Force

October 15, 2020 / WIL BALDWIN

All six Super Tucano aircraft ordered by The Philippine Air Force (PAF) have been officially handed over to the Air Force today. The aircraft will be deployed for close air support, light attack, surveillance, air-to-air interception, counter-insurgency missions, advanced training and are part of PAF’s ongoing modernization plan.

“The Philippine Air Force takes pride in welcoming the six A-29B Super Tucano from Embraer Defense and Security into the blue fold of our skies as part of our fleet. The addition of these close air support aircraft is a great leap in our air power capability as we soar together in our flight to a more capable and credible Air Force for the nation and its people,” Lieutenant General Allen T. Paredes AFP, Commanding General of the Philippine Air Force.

“It is an honour to deliver these six A-29 Super Tucanos to The Philippine Air Force,” said Jackson Schneider, President and CEO of Embraer Defense & Security. “Delivering an aircraft amidst a global pandemic is challenging, but we were committed to go the extra mile every step of the way to have the aircraft in the hands of PAF to fulfil their security missions.”

These aircraft will be operated and maintained by the 15th Strike Wing, the PAF’s end-user. In November 2017, a firm order of six A-29 Super Tucano light attack and advanced training aircraft for the Philippine Air Force (PAF) was made after a comprehensive public bidding process.

The A-29 Super Tucano is a durable, versatile and powerful turboprop aircraft capable of carrying out a wide range of missions, even operating from unimproved runways. To date, the Super Tucano was selected by 15 air forces worldwide.

Why Shares of Sabre Corporation Were Up Monday

June 1, 2020 / WIL BALDWIN

Boston Mayor Marty Walsh joined travel technology leader Sabre to mark the grand opening of its Boston Innovation Lab, the new headquarters for its research and development team, Sabre Labs. From left to right: Andrew Gasparovic, vice president and chief architect, Sabre Labs; Caroline Wester, director of software engineering, Sabre Labs; Sundar Narasimhan, president of Sabre Labs and product strategy; Sean Menke, president and CEO, Sabre; Larry Kellner, chairman of the board, Sabre.

Shares of Sabre (NASDAQ: SABR) rallied along with airline stocks on Monday on hope that travel patterns might slowly be returning to normal. The airlines were hit hard by the COVID-19 pandemic, and with them companies that rely on air travel like Sabre, but investors are seeing signs that the worst might finally be over. Sabre, a former American Airlines Group subsidiary that runs airline ticketing and reservation systems, has lost two-thirds of its value in 2020 on a decline in airline business and regulatory issues that blocked a planned acquisition.

Click the link below to read the full story!

https://www.fool.com/investing/2020/06/01/why-shares-of-sabre-are-up-today.aspx

GSV Bids $2.5 Billion for Malaysia Airlines

April 7, 2020 / WIL BALDWIN

FILE PHOTO: A Malaysia Airlines plane is seen at Kingsford Smith International Airport in Sydney

KUALA LUMPUR (Reuters) – Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday.

GSV, which was set up by former Malaysia Airlines officials and professionals with aviation experience, made the proposal a month ago, as airlines around the world were hammered by travel restrictions following the coronavirus pandemic.

“We have secured in excess of $2.5 billion from the bank. We will take about three to four months to get the long-term financing,” Chief Executive Shahril Lamin told Reuters in a phone interview.

GSV said it also has a commitment from a Japanese private equity firm to inject immediate funds into the aviation group through an equity deal.

It declined to name the firms involved, adding it was in talks with other foreign banks and private equity firms for further funding.

GSV has submitted its proposal to Morgan Stanley which has been hired by the aviation group’s sole owner, sovereign wealth fund Khazanah Nasional Bhd.

Sources have previously said Japan Airlines Co Ltd, domestic carriers AirAsia Group Bhd and Malindo Air have shown interest in Malaysia Airlines.

GSV said it would assume most of the airline’s debt that is being held by the government in outstanding Islamic bonds.

Khazanah and Morgan Stanley did not immediately respond to emailed requests for comment.

GOLDEN SHARE

The proposal includes keeping the government’s so-called golden share which allows it majority voting rights and maintains Malaysia Airlines’ flag carrier status.

GSV expects it will have ample liquidity to help the airline operate comfortably for up to 18 months.

It intends to reinstate Malaysia Airlines as a premium long-haul airline by expanding its flight network and maximising utilisation of its 81-plane fleet. It also plans to keep other business units such as the budget airline, cargo freighter and maintenance repair and overhaul unit.

“It’s still a viable venture, it has inherent strengths. We are saying we won’t lay off the 13,000 frontline employees and we are not going to asset-strip the airline,” Deputy Chief Executive Ravindran Devagunam said.

The firm aims to achieve positive earnings before interest, taxes, depreciation and amortisation within three years of taking over, and targets 15 billion ringgit ($3.5 billion) in revenue in 2025.

Plans for a listing or possible listing of its units are on the cards in three to five years, they said.

Ravindran said the firm is banking on pent-up travel demand when the coronavirus is contained. “Regardless of how long (the virus) will take this year, we are looking at an uptick in the business from summer 2021.”

($1 = 4.3450 ringgit)

(Reporting by Liz Lee; Editing by David Holmes and Edwina Gibbs)

Dragon Capsule has Arrived at the International Space Station

March 11, 2020 / WIL BALDWIN

SpaceX’s Dragon capsule arrived at the International Space Station on March 9, 2020 and was docked at 3:25 a.m. PDT while flying over 262 statute miles over the Pacific Northwest. The spacecraft was then installed on the Harmony module for the duration of its four-week stay at the orbiting laboratory.

Filled with approximately 4,500 pounds of supplies and payloads, Dragon launched aboard a Falcon 9 rocket on March 6, 2020 from Cape Canaveral Air Force Station in Florida. The Dragon spacecraft that supported the CRS-20 mission previously supported the CRS-10 mission in February 2017 and the CRS-16 mission in December 2018. Dragon is the only spacecraft currently flying that’s capable of returning significant amounts of cargo to Earth.

What Air France-KLM’s Bid For Malaysian Airlines Stake Could Mean For Delta

January 21, 2020 / WIL BALDWIN

Delta Air Lines, Inc. (NYSE: DAL) traded down 1.8% Tuesday shortly after its global affiliates announced a bid for an embattled airline.

In an early round of bidding against other international airlines, Air France-KLM proposed to buy a 49% stake in Malaysia Airlines. Its pitch outlined plans for a maintenance hub in the Southeast Asian nation.

The circumstances of the bid are not particularly positive. Malaysia Airlines has struggled to revive booking rates since two disasters in 2014 tanked its public trust. Flight MH370 mysteriously disappeared over the Indian Ocean, and flight MH17 was shot down over Ukraine. The Malaysian government has since sought a strategic partner to restore the airline’s image.

Why It’s Important

With a stake in Malaysian Airlines, Air France-KLM could improve the entity’s public trust issues — or it could be hampered by them. Either way, an affiliation may create risk for Delta.

Click the link for the full story!

https://finance.yahoo.com/news/air-france-klms-bid-malaysian-153046986.html

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