Dubai, UAE, 19 February 2024 — Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the world’s largest indoor vertical farm.
This strategic move establishes Emirates Bustanica as a fully UAE-owned company, helping sustain the country’s vision of enhancing food and water security and its agricultural capabilities.The acquisition empowers Emirates Bustanica to leverage its local expertise and the latest tech know-how to meet the growing demands of the market.
Located near Al Maktoum International Airport at Dubai World Central, Bustanica’s 330,000sqft facility has the capacity to grow more than 1 million kilograms of exceptional quality leafy greens a year, equivalent to 3 tonnes daily, while using 95% less water than conventional agriculture.
Operating under the brand name Bustanica, the produce is available across all major retailers in the UAE such as Spinney’s, Waitrose, Carrefour, and Choithrams. Customers on Emirates and other airlines enjoy this farm-fresh produce in their salads and meals.
Hyderabad, Telangana, India, January, 2024 – Delivering on its commitment to ‘Skill India’, Airbus Group SE (Paris: AIR) has entered into a 50:50 joint venture with the Tata-owned Air India to launch a world-class pilot training centre in Gurugram, Haryana. The Tata Airbus Training Center will offer A320 and A350 flight training to some 5,000 new pilots over 10 years. The sprawling 3,300 sq.mt. centre will be equipped with 10 Full Flight Simulators (FFS), flight training classrooms and briefing and debriefing rooms as part of the complete Airbus Flight Training Device setup.
The training centre is due to be operational starting early 2025 with the initial installation of four A320 FFS. The Tata Airbus Training Centre will offer courses approved by Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA).
Airbus has also partnered with GMR Aero Technic to offer Aircraft Maintenance Engineering training courses at the latter’s facility in Hyderabad. Airbus will provide training material such as trainee handbooks, examination database, online access to Airbus customised training modules and Airbus Competence Training (ACT) for Academy media package. Airbus will also train GMR instructors and provide continual assessment of the training center.
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.
Rex Airlines has been recognised as having the South Pacific’s Best Cabin Service in the 2024 Airline Passenger Experience Association (APEX) Awards. The award was presented in Singapore last night where Rex’s Executive Chairman, Lim Kim Hai, accepted it on behalf of the airline.
The award ceremony was part of the FTE APEX Asia Expo, the air transport industry’s largest passenger experience and business performance event. APEX said nearly one million flights were anonymously rated by passengers across more than 600 airlines from around the world using a five-star scale.
Rex is Australia’s largest independent regional and domestic airline operating a fleet of 58 Saab 340 and 9 Boeing 737-800NG aircraft to 56 destinations throughout all states in Australia. In addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation (air freight, aeromedical and charter operator), the Australian Airline Pilot Academy with campuses in Wagga Wagga and Ballarat, and propeller maintenance organisation, Australian Aerospace Propeller Maintenance. Rex is also a 50% shareholder of National Jet Express (NJE), a premier Fly-In-Fly-Out (FIFO), charter and freight operator.
Sao Jose dos Campos – Brazil, October 19, 2023– American Airlines Group (Nasdaq: AAL) has signed a firm order with Embraer SA (ADR-NYSE: ERJ) for four new E175 aircraft. The jets will be operated by American’s wholly owned subsidiary, Envoy Air. With all deliveries in Q4 of 2024, Envoy’s all E-Jet fleet will grow to over 150 aircraft by the end of 2024. The contract value is US$230.6 million at list price, and will be included in Embraer’s 2023 Q3 backlog.
The E175 entered service in North America in 2005, and has since come to dominate the sector, due to its comfort, high performance, and efficiency. Customers like Embraer’s trademark two-by-two seating, meaning no one must endure a middle seat. To date, the worldwide E170/E175 fleet has accumulated over 19.5 million flight hours with Envoy having flown 1.3 million of these hours.
Los Angeles, California, Business Wire – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800. The new aircraft are scheduled to deliver to the Moroccan flag carrier in 2024 from ALC’s order book with Boeing. These new contracts are augmenting already placed ALC owned aircraft operated by RAM.
Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.
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.
FORT WORTH, Texas – American Airlines (NASDAQ: AAL), in partnership with the Port Authority of New York and New Jersey and Unibail-Rodamco-Westfield (URW) Airports, today announced a $125 million commercial redevelopment program for Terminal 8 at John F. Kennedy International Airport (JFK). The project will feature a new Great Hall and is expected to bring more than 60 new shopping and restaurant offerings to the terminal. With an emphasis on locally owned and diverse businesses that will create economic opportunities for the community, the new program will showcase New York’s world-renowned culinary scene and establish a unique sense of place for travelers.
Following the recent completion of a $400 million expansion of Terminal 8, the commercial redevelopment will further enhance the customer experience at the terminal with a complete redesign and expansion of the concessions program, including dining, retail, duty-free shopping, performance space and new digitally enabled experiences for American’s customers.
Terminal 8 has also become a world-renowned gateway for American’s oneworld partners. Within the past year, British Airways, Iberia and Japan Airlines relocated operations and Qantas returned service to Terminal 8.
American selected JFK T8 Innovation Partners, a joint venture led by URW, to lead the redevelopment. URW is an owner, developer and operator of sustainable, high-quality real estate assets across Europe and the U.S. Also joining the T8 Partners team, with a 30 percent equity stake, is Phoenix Infrastructure Group, a minority-owned, Minority Business Enterprise (MBE)-certified investment firm focused on critical infrastructure projects; and Holt Construction, one of New York’s premier construction management firms with experience in more than 100 aviation projects at airports across the country, including the expansion of Terminal 8, where Holt exceeded its 30 percent Minority and Women-Owned Business Enterprise (MWBE) participation goal.
LOS ANGELES–(BUSINESS WIRE)– Today Air Lease Corporation (NYSE: AL) announced an update on aircraft investments, sales activities, and financing occurring in the second quarter of 2023.
As of June 30, 2023, ALC’s fleet was comprised of 448 owned aircraft and 80 managed aircraft, with 359 new aircraft on order from Boeing and Airbus set to deliver through 2029.
Aircraft Investments
Delivered 19 new aircraft from ALC’s order book including three Airbus A220-300s, two Airbus A320neos, seven Airbus A321neos, two Airbus A330-900neos, one Airbus A350-900, one Airbus A350-1000, two Boeing 737-9s, and one Boeing 787-9.
Aircraft investments in the quarter totaled approximately $1.5 billion.
Sales
Sold eight aircraft to third-party buyers.
Aircraft sales for the quarter totaled approximately $600 million.
Financing
Entered into approximately $900 million of financing transactions during the quarter.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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.
About Air Lease Corporation
Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.
São José dos Campos, Brazil, February 15, 2022 – American Airlines has signed a firm order with Embraer (NYSE: ERJ) for three new E175s. The aircraft will be operated by American’s wholly owned subsidiary, Envoy Air. With deliveries to be completed this year, Envoy’s fleet of E175s will grow to over 100 aircraft by the end of 2022. The contract value is USD 160.2 million at current list prices and will be included in Embraer’s 2021 fourth quarter backlog.
“Reaching the century mark of 100 E175s with American Airlines and Envoy is truly a moment to savor. We thank American Airlines and Envoy for their sustained partnership with Embraer, which began back in 1998,” said Mark Neely, Vice President Sales and Marketing for The Americas, Embraer Commercial Aviation. “It’s hard to exaggerate the impact this hardworking aircraft has every day, delivering essential connectivity across the US market. The E175 is the backbone of the US regional network, with over 600 aircraft sold, and 86% market share since 2013.”
“Our incredible journey with Embraer began almost 25 years ago with the ERJ 145. Our partnership continues to grow today with the E175s, the core of our fleet. Not only are our customers happy with the aircraft, but the jet’s outstanding performance has allowed us to continue to provide excellent service to American Airlines,” said Pedro Fábregas, President & CEO of Envoy. “We look forward to receiving these three new aircraft later this year as we continue to expand our growing network.”
Seattle, Washington, January 5, 2022 /PRNewswire/ – Boeing [NYSE: BA] and Allegiant Air (NASDAQ: ALGT) today announced an order for 50 737 MAX jets, with options for 50 additional airplanes. In Boeing’s first U.S. ultra-low cost carrier (ULCC) deal, Allegiant selected two models – the 737-7 and 737-8-200 – in the 737 MAX family, which provide the lowest seat-mile costs for a single-aisle airplane and high-dispatch reliability.
With commonality and improved fuel efficiency, the 737 MAX family enables airlines to optimize their fleets across a broad range of missions. The 737-7 provides low-operating costs that enable carriers to open new routes with less economic risk, and the larger 737-8-200 offers added revenue potential and is right-sized for ULCC market expansion. Compared to Allegiant’s current fleet, the new 737 models will reduce fuel use and carbon emissions by 20%.
Boeing and Allegiant will partner on entry-into-service support, enabling a smooth transition as the carrier adds the 737 into its operation. Allegiant will also utilize a suite of Boeing Global Services digital tools to further enhance operational efficiency. Allegiant currently operates a fleet of 108 Airbus A319 and A320 airplanes.
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.
Toulouse, France January 2022 – A wholly-owned Airbus subsidiary, Airbus Atlantic, a global player in the aerostructures field, was officially established on 1st January 2022. The new company groups the strengths, resources and skills of the Airbus (OTC: EADSY) sites in Nantes and Montoir-de-Bretagne, the central functions associated with their activities, as well as the STELIA Aerospace sites worldwide.
This unification is part of the transformation project announced in April 2021, aimed at strengthening the value chain of aerostructure assembly within Airbus’s industrial setup, this activity being considered as core business. It marks the intention to gain competitiveness, innovation and quality for the benefit of Airbus’s programmes of today and tomorrow.
As such, Airbus Atlantic will be an essential element in the group’s value chain and will play a key role with regard to the aerostructure supply chain, with more than 500 direct suppliers (flying products) and more than 2,000 indirect suppliers (general procurement products).
With 13,000 staff in 5 countries and 3 continents, and an estimated business volume of around 3.5 Bn euros, Airbus Atlantic is the world number two for aerostructures, world number one for pilot seats and ranks in the top three for Business Class and First Class passenger seats, which continue to be marketed under the STELIA Aerospace brand.
