Tag: plc (Page 1 of 2)

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.

Rolls-Royce welcomes EVA Air as new customer

January 12, 2024 / WIL BALDWIN

Rolls-Royce Holdings PLC (London: RR) today announces it has signed a Letter of Intent for a TotalCare® maintenance agreement with Taiwanese airline EVA Air for 36 Rolls-Royce Trent XWB-97 engines that will power 18 new Airbus A350-1000 aircraft. The agreement provides the airline with predictability as well as a known cost for the services and maintenance of the fleet.

This will be the first time EVA Air includes the Rolls-Royce Trent engine in its fleet. Rolls-Royce is delighted to welcome EVA Air as a new customer.

TotalCare is designed to provide operational certainty for customers by transferring time on wing and maintenance cost risk back to Rolls-Royce. This industry-leading premium service offering is supported by data delivered through the Rolls-Royce advanced engine health monitoring system, which helps provide customers with increased operational availability, reliability and efficiency.

Forward-Looking Statements

Rolls-Royce supports mission critical data center power in Japan

October 23, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC (LSE: RR, ADR: RYCEY) is supplying a total of 31 mtu emergency gensets and a complete mtu EnergetIQ control system for the latest data center of a leading global provider of hyperscale data center solutions. The hyperscale data center, located near Osaka, is one of the largest data centres in Japan, with a designed capacity of 45.9MW. Designed specifically with the scalable capacity requirements of hyperscale and enterprise customers in mind, it gives users the flexibility to grow over the long term. According to Mordor Intelligence, Japan is one of the fastest growing digital content delivery markets in all of Asia, driven by the increasing use of mobile devices and the adoption of cloud technologies.

Rolls-Royce Solutions Japan has already installed and commissioned eight of the 31 container gensets, which are based on 20-cylinder mtu Series 4000 engines. The remaining emergency generators will be added gradually as the data center’s capacity increases. The mtu containers compactly contain the diesel engine with generator, a switchgear – including the mtu EnergetIQ control and monitoring system – and all the necessary connections and supply systems and are installed outside of the building.

The fully redundant mtu EnergetIQ Manager used in Osaka monitors both the incoming grid connections and the status of all generators within the plant. It starts the emergency diesel generators in the event of a grid failure, regulates the supply of electricity to the consumers and ensures that the load is transferred back to the grid and the generators are stopped when the grid is stable again.

Rolls-Royce makes Halunder Jet safer and more efficient thanks to NautIQ

September 20, 2023 / WIL BALDWIN

Ensuring engine reliability at sea

To keep a sea-going vessel like the Halunder Jet running reliably and sustainably, the crew need access to a host of relevant data on its condition. That’s where the Rolls-Royce Holdings PLC (OTC: RYCEY) mtu NautIQ Foresight can help.

In the North Sea, the crew onboard the Halunder Jet – a high-speed catamaran operated by ferry company FRS – is transporting passengers between Hamburg, Cuxhaven and Heligoland harbour in Germany.

With just four hours on Heligoland island to visit the ‘Tall Anna’ sea-stack, watch guillemots and gannets, or engage in some duty-free shopping, visitors want to make the most of every minute secure in the knowledge that they’ll be back on the mainland in time to catch their onward connections.

Uptime and reliability, therefore, are top priorities for the Halunder Jet’s operators, closely followed by cutting fuel consumption – an increasingly important consideration amid rising fuel prices and growing environmental awareness.

BAE Systems & L3Harris deliver first EC-37B Compass Call aircraft to the U.S. Air Force

September 12, 2023 / WIL BALDWIN

BAE Systems PLC (London: BAES) and L3Harris Technologies Inc. (NYSE: LXH) delivered the first of 10 EC-37B Compass Call aircraft to the U.S. Air Force for formal combined developmental and operational testing. The next-generation system evolves the Air Force’s 40-year mission of employing electromagnetic attack (EA) capabilities in support of U.S. and coalition air, surface, and special operations forces.

Mission system prime BAE Systems produces the Compass Call Airborne Electromagnetic Attack mission system at its Hudson, New Hampshire facility. The system disrupts enemy communications, radars and navigation systems, and suppresses enemy air defenses by preventing the transmission of essential information between adversaries, weapon systems and command-and-control networks.

Platform integration prime L3Harris integrated the EC-130H Compass Call mission system into a modern Gulfstream G550 business jet at its Waco, Texas aircraft missionization center. The EC-37B has increased speed, endurance and high-altitude operation for improved survivability and range to deliver EA effects.

Wizz Air orders a further 75 A321neo Family aircraft

August 2, 2023 / WIL BALDWIN

Toulouse, France, August 2, 2023 -Wizz Air (OTC: WZZZY), the fastest growing European ultra-low-cost airline, has signed a firm contract for an additional 75 Airbus (OTC: EADSY) A321neo Family aircraft, taking its total order for the largest member of the Airbus single aisle to 434, and for Wizz’s A320 Family overall to 565 aircraft.

Wizz Air is an all Airbus operator with a fleet of over 180 A320 Family aircraft currently in operation.

The A321neo is the largest member of Airbus’ A320neo Family, offering unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50 percent noise reduction and more than 20 percent fuel savings and CO2 reduction compared to previous generation single-aisle aircraft, while maximizing passenger comfort in the widest single-aisle cabin in the sky. To date nearly 5,200 A321neos have been ordered by customers across the globe.

Finnair redeems its hybrid bond issued in 2020

August 1, 2023 / WIL BALDWIN

Finnair Plc (OTC: FNNNF) announces that it will exercise its right to redeem its EUR 200 million capital securities issued on 3 September 2020 (ISIN: FI4000441860) (the “Capital Securities“).

The Capital Securities will be redeemed in full on 1 September 2023 (the “Redemption Date“) in accordance with the terms and conditions of the Capital Securities. On the Redemption Date, the Company will pay to the holders of Capital Securities a redemption price equal to the principal amount of the note together with any accrued interest to, but excluding, the Redemption Date.

This notice of redemption is irrevocable and is given to the calculation agent and holders of the Capital Securities in accordance with the terms and conditions of the Capital Securities.

Rolls-Royce Completes Sale of Bergen Engines

January 4, 2022 / WIL BALDWIN

Rolls-Royce (OTC: RYCEY) announces the completion of the sale of our Bergen Engines business to Langley Holdings plc for an enterprise value of €63m. The completion of the transaction, which was announced on 3 August 2021, follows the conclusion of work to separate the business from the Group.

Sale proceeds of €91m from the transaction, together with €16m of cash held within Bergen Engines which has been retained by Rolls-Royce, will be used to help rebuild the Rolls-Royce balance sheet in support of our medium-term ambition to return to an investment grade credit profile. In 2020, Bergen Engines generated revenues of approximately €200m with the assets and liabilities of the business presented as held for sale in the Rolls-Royce Holdings plc consolidated balance sheet.

Embraer’s Eve and Kenya Airways Partner on the Future of Urban Air Mobility

August 12, 2021 / WIL BALDWIN

Eve Urban Air Mobility Solutions (“Eve”) signed a Memorandum of Understanding (MoU) with Kenya Airways PLC, the flag carrier of Kenya, through its fully owned subsidiary Fahari Aviation. This collaboration aims to develop operational models for the wide-accessibility of Urban Air Mobility (UAM) to support Fahari Aviation’s key markets. In addition, this partnership will establish the co-creation of a foundation of concepts and procedures to safely scale electrical vertical takeoff and landing (eVTOL) aircraft, also known in the market as EVA (Electrical Vertical Aircraft).

Eve will support Fahari Aviation, the Unmanned aircraft systems (UAS) division of Kenya Airways that promotes safe and secure UAS usage in the region, in establishing its UAM network and collaborate on the required Urban Air Traffic Management (UATM) procedures and UAM operating environment. This partnership will also allow Fahari Aviation to support Eve’s aircraft and product development process which will help guide the integration of UAM with Kenya Airways’ overall operations. Eve’s fully electric aircraft is designed to be accessible to all while being a community-friendly aircraft with a low noise signature and no emissions. It aims to drastically cut road travel time. It is ideally suited as a UAM aircraft bringing all traditional aviation travelers closer to their final destination efficiently and comfortably.

The partnership will deliver a robust strategy to provide Fahari Aviation’s passengers with a sustainable, accessible, and affordable transportation option. It is estimated that using UAM from the airport to downtown, EVA can reduce conventional road trips by up to 90% turning an hour and a half ride into a 6-minute flight.

Ryanair December Traffic Down 83%

January 5, 2021 / WIL BALDWIN

Ryanair Holdings plc today (5 Jan) released December traffic statistics as follows:

	2019	2020	Growth
Ryanair Group	11.2m	1.9m	-83%
Rolling Annual	152.4m	52.1m (81% LF)	-66%

Ensuring engine reliability at sea

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