Syracuse, New York, January 29, 2024 – Lockheed Martin Corporation (NYSE: LMT), under contract to Northrop Grumman for the U.S. Navy’s E-2D Advanced Hawkeye, has delivered the 75th APY-9 radar that provides the U.S. Navy with information dominance through revolutionary sensor capability. More Hawkeyes have been built and delivered than any other AEW platform in the world.
The newest Advanced Hawkeye variant is at the forefront of technological capability, due in large part to Lockheed Martin’s APY-9 radar. The Northrop Grumman-built E-2 has come to be known as the U.S. Navy’s “eyes of the fleet” because of its ability to simultaneously watch over air, land and sea. Any time a Navy carrier has aircraft airborne, there is an APY-9 radar at work, guarding the United States and its allies.
On Time and On Task
The U.S. Navy has funded 80 out of 86 aircraft in the current program of record. Japan has purchased 18 E-2D Hawkeyes and France has purchased three. With U.S. and international demand, the APY-9 is expected to be in production into the late 2020’s, and in modernization and sustainment well into the 2040’s.
Click the link below to read the full press release!
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.
Experience hop-on jet service while earning United Airlines MileagePlus miles when you book a flight with JSX.com
Introducing JSX, where you can enjoy the speed and freedom of private air travel without typical private jet fares. When you book a flight with JSX, you’ll enjoy:
Streamlined check-in and boarding in minutes from private terminals
Pet friendly travel to popular destinations across the United States
Business class snacks, amenities, and legroom
For a limited time, MileagePlus® members can earn up to 11x bonus miles on tickets purchased from JSX and flown between June 1, 2022 and August 31, 2022.*
*Terms and conditions:
To receive mileage credit, present your MileagePlus number when you make reservations.
Bonus Miles Promotion Terms and Conditions:
Offer is available only to MileagePlus members who purchase a ticket through JSX and travel on a flight operated by JSX.
All flight activity for applicable segment must be completed between June 1, 2022 and August 31, 2022.
Tickets purchased prior to June 1, 2022 are not eligible.
All flight activity must be posted to the member’s MileagePlus account in order to qualify for this promotion.
Flights on award travel tickets, and other tickets that do not earn Premier qualifying credits, do not qualify for this offer.
Offer may be earned for a maximum of one time and is not combinable with other offers.
Offer is subject to cancellation or change without notice. Other restrictions may apply.
All calculations and other determinations made in connection with this offer will be made by United or JSX, as applicable, in its discretion and are considered final.
**Free checked bags terms and conditions apply. Please visit jsx.com/faqs for the additional information.
Japan Airlines (JAL) has requested for approval from Japan`s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to set the level of fuel surcharge on international passenger tickets purchased in Japan between October 1 and November 30, 2021.
JAL sets fuel surcharge levels bimonthly based on the two-month average price of Singapore kerosene-type jet fuel. The price of Singapore kerosene-type jet fuel during the two-month period of June and July 2021 averaged USD76.67 per barrel, which accounted for JPY8,449 in the average exchange rate of JPY/USD 110.19 during the same period.
As a result, with reference to the fuel surcharge benchmark list for FY2021, this corresponds to Zone C. From October 1 to November 30, 2021, the fuel surcharge will range from JPY600 on a Japan-Korea ticket to JPY11,600 on a Japan-USA ticket per person per sector flown, for travel originating in Japan.
Fuel Surcharge for the period: October 1 ~ November 30, 2021
(*1) Russia -> Irkutsk (*2) Russia -> Novosibirsk – For full details about JAL’s fuel surcharge policy, please refer to http://www.jal.co.jp/en/inter/if.html – The surcharge applies to flights operated by Japan Airlines as well as code-share flights operated by other airlines. – The planned level of fuel surcharge is subject to government approval.
Toulouse, 8 February, 2021 – Russia’s KrasAvia started operating its first two ATR 72-500, the first ATR aircraft ever registered in Russia. Owned by the government of Krasnoyarsk Krai, KrasAvia is an airline based in Krasnoyarsk, the third largest city in Siberia, with a population of approximately 1.1 million people. KrasAvia operates scheduled and charter flights with helicopters and fixed-wing aircraft on regional routes to Russia’s Far North from its Krasnoyarsk hub. The two ATR 72-500 have been purchased second-hand from Swedish lessor Erik Thun and the deal was arranged by Bertrand Lattes Aviation Capital (BLAC).
Air services are crucial to serve the remote regions of Siberia, and their challenging environment requires versatile and reliable aircraft able to take-off and land in extreme cold conditions. The route from Krasnoyarsk to Khatanga, near the Arctic Ocean, is one of the longest scheduled ATR routes (984NM / 1822km) – a four hour flight.
Andrey Egorov, General Director of KrasAvia, declared: “The acquisition of these two ATR 72-500 shows that we are ever more committed to improving our fleet and offering our passengers a smoother flying experience. They will replace our smaller Antonov An-24 and An-26 turboprop, which have reached over 40 years of service. Thanks to the ATR 72-500 versatility and modern and spacious cabin, we will continue to support the connectivity needs of the Siberian communities, with increased seat capacity and higher standards of comfort.”
Stefano Bortoli, Chief Executive Officer of ATR, said: “All regions deserve the same opportunity to be part of a connected world, and ATR aircraft show unrivalled performance in connecting people and businesses responsibly. The entry into service of these aircraft is highly significant, as KrasAvia is the first public airline in Russia to purchase and operate ATR. We are truly glad to see our aircraft continuing to support regional connectivity in the country.”
KrasAvia is the third largest ATR operator in Russia, after UTair and NordStar, which respectively operate a fleet of 15 ATR 72-500 and five ATR 42-500. The total ATR fleet in Russia now totals 22 aircraft, with their operational versatility and reliability being strong assets for their operators, to the benefit of the communities they serve.
The newer ATR-72-500’s are quite the upgrade from the old Antonov AN-24 aircraft!
Delta Airlines planes sit at ATL airport in Atlanta
CHICAGO (Reuters) – Delta Air Lines <DAL.N> and American Airlines <AAL.O> said on Monday they are permanently dropping domestic change fees, mirroring an announcement by rival United Airlines <UAL.O> on Sunday in a push to woo back travelers.
U.S. airlines are burning through millions of dollars daily as the coronavirus pandemic hits passenger air travel, which is hovering around 30% of what it was a year ago, forcing more customer-friendly policies to encourage people to start traveling again.
Atlanta-based Delta said the elimination of change fees is effective immediately and includes tickets purchased for travel within the United States, Puerto Rico and U.S. Virgin Islands. American’s change also covers flights to Canada, Mexico and the Caribbean.
The new policies do not cover any of the three airlines’ basic economy tickets.
Low-cost rival Southwest Airlines <LUV.N> has never charged a change fee for its tickets.
Delta, United and American were already waiving change fees through the end of the year to give travelers more flexibility in an uncertain environment.
The fees represented around 2% to 3% of their total revenues in 2019, though analysts said the overall financial impact going forward will be limited as focus remains on generating bookings.
Delta collected $830 million in ticket cancellation and change fees last year, American $819 million and United $625 million, according to the U.S. Department of Transportation.
(Reporting by Tracy Rucinski; Editing by Chris Reese and Cynthia Osterman)
American Airlines is recognizing the loyalty of AAdvantage® members by extending their elite status amid reduced travel related to the coronavirus (COVID-19). Changes include:
Extending elite status for AAdvantage members until Jan. 31, 2022.
Reducing elite status qualifications for 2020.
Extending Admirals Club® memberships purchased from American for 6 months.*
Introducing up to $400 special credits for future travel on American Airlines Vacations packages for elite members.**
Every dollar spent on an eligible AAdvantage co-branded credit card through the end of 2020 will count for one mile toward Million Miler℠ status.
Award reinstatement fees waived for travel through September 2020.
“We are grateful to our AAdvantage members and want to show them that loyalty is a two-way street,” said Bridget Blaise-Shamai, Vice President of Customer Loyalty & Insights and President of the AAdvantage program. “When people are ready to fly again, we will be there to help them reconnect with loved ones, friends and colleagues.”
Extended AAdvantage elite status
AAdvantage members will automatically receive an extension of their current elite status through Jan. 31, 2022. These updates will be reflected in member accounts in a few weeks.
Admirals Club membership extension
Admirals Club memberships and One-Day Passes purchased from the airline will be automatically extended for 6 months beyond their expiration date as part of American’s effort to care for customers.*
American Airlines Vacations credit
Elite members will also receive a special credit up to $400 to use toward an American Airlines Vacations package, giving customers something to look forward to when travel resumes. Customers can receive the credit when they call American Airlines Vacations to book a trip. Members can learn more by visiting aa.com.**
Making it easier to earn elite status
Lowered elite qualification requirements
The airline has lowered AAdvantage elite qualification requirements for all of 2020. AAdvantage members will achieve status more easily during the current elite qualifying year through lower Elite Qualifying Dollar (EQD), Elite Qualifying Mile (EQM) and Elite Qualifying Segment (EQS) requirements.
Reduced qualifications for Executive Platinum rewards
Members who qualify for Executive Platinum status previously received a choice of one reward upon reaching 150,000, 200,000 and 250,000 EQMs. Lowered EQM requirements in 2020 will now make these rewards more attainable.
The above changes will take effect by May 15, 2020.
$1 spent on eligible AAdvantage credit cards equals 1 mile toward Million Miler status
For all Citi®/AAdvantage and AAdvantage Aviator® products, as well as select AAdvantage credit cards outside of the United States, every dollar spent on net purchases that post to your AAdvantage account between May and December 2020 will count as one mile toward Million Miler status.
Making travel more flexible
Waived award reinstatement fees for travel
The airline is also giving members more flexibility with waived reinstatement and change charges for awards booked by May 31, 2020 for travel through September 30, 2020.
Award travel ticketed on or after June 1, 2020 will include free changes if made at least 60 days in advance. A new variable fee structure based on elite status and days before departure will apply to any changes made fewer than 60 days in advance:
More information about these updates is available on aa.com. Customers and AAdvantage members with questions about other actions regarding COVID-19 should visit www.aa.com/coronavirus.
*The membership extension applies to all active members as of March 1, 2020. New annual Admirals Club memberships purchased between March 1 and May 31, 2020 will also be extended for 6 months beyond the normal 12 months. For Admirals Club One-Day Passes, the extension applies to any unused passes with an expiration date between March 1, 2020 and May 31, 2021.
**Terms and conditions apply. Note only U.S. point of origin bookings.
LOS ANGELES, November 11, 2019 – Air Lease Corporation (the “Company” or “ALC”) announced today that the Company initiated the sale of a portfolio of 19 aircraft to Thunderbolt III Aircraft Lease Limited (“Thunderbolt III”), a newly formed entity, and Thunderbolt III has now completed its equity and debt financing transactions. The aircraft comprise a mix of narrowbody and widebody jet aircraft that, as of August 31, 2019, had a weighted average age of 9.7 years and were leased to 18 lessees based in 15 countries. ALC and its Irish affiliate, ALC Aircraft Limited, will act as servicers with respect to the aircraft and ALC will act as portfolio manager. ALC estimates that the process of transfer and sale of the majority of aircraft will occur progressively during Q4 2019 and Q1 2020.
The Thunderbolt III structure included two series of Fixed Rate Notes and Equity Certificates. Approximately 15.6865% of the Equity Certificates were purchased by the anchor investor which is an investment vehicle managed by ITE Management L.P. and approximately 5% of the Equity Certificates were purchased by ALC.
Proceeds from the issuance of the Notes and the Equity Certificates will be used to acquire the aircraft, fund certain accounts for the Notes and pay certain expenses.
“We are pleased to announce the closing of Thunderbolt III. This transaction allows ALC to efficiently sell 19 aircraft while retaining the customer relationships through our continued management of these aircraft. I would like to thank our team and the Thunderbolt III investors for making this a successful transaction,” said Gregory B. Willis, Executive Vice President and Chief Financial Officer of ALC.
Mizuho Securities acted as Global Coordinator, Mizuho Securities, BofA Securities and Goldman Sachs & Co. LLC acted as Joint Lead Structuring Agents and Joint Lead Bookrunners, Wells Fargo Securities acted as Joint Lead Bookrunner, and BNP PARIBAS, Citigroup, J.P. Morgan, MUFG, RBC Capital Markets, SOCIETE GENERALE and SunTrust Robinson Humphrey acted as Passive Bookrunners (for the Notes) and Co-Managers (for the Equity Certificates).
Hughes Hubbard & Reed LLP acted as U.S. counsel to ALC and the Issuers, and Milbank LLP acted as U.S. counsel to the Global Coordinator, the Joint Lead Structuring Agents and the Joint Lead Bookrunners. EY acted as U.S. and Irish tax advisors. Walkers acted as Cayman Islands counsel and A&L Goodbody acted as Irish counsel. Vedder Price P.C. acted as counsel for ITE.
Canyon Financial Services Limited will act as the managing agent for the Issuers. Citibank, N.A. will act as trustee, security trustee, paying agent and operating bank. Wells Fargo Bank, N.A. will also act as the liquidity facility provider. DealVector, Inc. will provide certain investor services for the holders of the Notes and Equity Certificates.
Seville, 8 October 2019 – The first Airbus C295, purchased by the Government of Canada for the Royal Canadian Air Force’s (RCAF) Fixed Wing Search and Rescue Aircraft Replacement (FWSAR) programme, rolled out of the paint shop showing off its final livery at the Airbus facility in Seville, Spain. The aircraft will now go through the final preparation phase before its delivery to the customer, planned to take place in Spain before the end of the year.
The photo above shows the first Canadian C295, to be designated CC-295 by the RCAF, in its distinctive Search and Rescue colours.
The aircraft adopts the yellow paint scheme following the tradition defined in the 1970s for Search and Rescue aircraft, giving high visibility for those in the air and on the ground.
FWSAR program facts and figures
The contract, awarded in December 2016, includes 16 C295 aircraft and all In-Service Support elements including, training and engineering services, the construction of a new Training Centre in Comox, British Columbia, and maintenance and support services.
The aircraft will be based where search and rescue squadrons are currently located: Comox, British Columbia; Winnipeg, Manitoba; Trenton, Ontario; and Greenwood, Nova Scotia.
Considerable progress has been made since the FWSAR programme was announced two and a half years ago: the first aircraft is due to be delivered in Spain in the coming months; another six aircraft are either completing flight tests or in various stages of final assembly; and seven simulators and training devices are starting up preliminary acceptance tests.
The first RCAF crews started training in late summer 2019 at Airbus’ International Training Centre in Seville, Spain.
For more information about the FWSAR program click here
