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Tag: reform

Alstom signs contract to supply 16 electric locomotives in Romania

January 29, 2024 – Alstom, global leader in smart and sustainable mobility, and the Romanian Railway Reform Authority (ARF) have signed a contract for the delivery of 16 Traxx 3 MS electric locomotives and 20 years of associated maintenance services. The contract, totalling around €150 million, extends Alstom’s collaboration with ARF within the rolling stock sector. The 20-year maintenance and repair period can be extended by a further 20 years by concluding an additional agreement.

The Traxx locomotives offer a flexible design based on a robust, modular platform approach compatible with many applications (single or multi-country freight and passenger transport) and available in various configurations (AC, DC and multi-system). This product delivers increased operational performance and reliability with higher energy efficiency and extended maintenance intervals to improve its availability.

Alstom has been active in Romania for almost 30 years and is a market leader in railway electrification and signalling solutions. The company is responsible for implementing signalling or electrification solutions on the Rhine-Danube railway corridor as well as in the Cluj area, where the company is also part of the consortium building the second metro system in the country, in the city of Cluj Napoca. The first CBTC urban signalling solution in the country is under implementation by Alstom on Bucharest’s metro Line 5. The company has also been the provider of maintenance services for the Bucharest metro fleet for nearly 20  years, with an ongoing contract valid until 2036.

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Air Lease Corporation announces Boeing 737-8 aircraft lease placement with LOT Polish Airlines

Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Boeing 737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to deliver to LOT in mid-2024, and will add to the 11 Boeing 737-8s and one 787-9 Dreamliner aircraft already on lease from ALC.

Forward-Looking Statements

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.

Air France Plans to Run Flight Schedule Despite Jan 6-7 Strikes

PARIS (Reuters) – Air France <AFLYY> said on Sunday it planned to run its entire flight schedule on Jan. 6 and Jan. 7, despite calls by some crew unions to strike as part of ongoing nationwide protests over the government’s efforts to reform the pension system.

“On January 6 and 7, 2020, Air France plans to operate its entire flight schedule,” the airline said in a statement, which also cited discussions between the government and unions that it said had resulted in guarantees for flight crews’ future pension system.

(Reporting by Sudip Kar-Gupta; Editing by Gareth Jones)

An Air France Airbus A319 plane takes off from the Nantes-Atlantique airport in Bouguenais near Nantes