Tag: replacing

Australia’s Qantas to secure new airplanes from both Airbus and Boeing

August 23, 2023 / WIL BALDWIN

(Reuters) – Australia’s Qantas Airways (OTC: QABSY) on Thursday announced an order for 24 widebody aircraft, the final piece of the company’s jet fleet renewal program, and said the move is aimed at replacing its current Airbus A330 and Airbus A380 aircraft.

The multi-billion dollar order is split between 12 Airbus (OTC: EADSY) A350’s and 12 Boeing (NYSE: BA) 787’s, which will arrive from fiscal 2027 and into the next decade, Qantas said.

As a part of the deals, …

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https://finance.yahoo.com/news/qantas-secures-planes-airbus-boeing-231238987.html

Air Inuit Ratifies Agreement to Acquire Three Boeing Next Generation 737-800 Aircraft

July 9, 2023 / WIL BALDWIN

Fleet Modernization

Air Inuit Ratifies an Agreement to Acquire Three Boeing Next- Generation 737-800 Aircraft to Better Serve the People of Nunavik and Beyond

Saint-Laurent, QC, July 3, 2023 – Air Inuit today announced the ratification of an agreement for the acquisition of three Boeing Next-Generation 737-800 aircraft to be added to its fleet as part of its mission to provide world-class passenger and freight service to the people of Nunavik, its Network and beyond. The aircraft will be customized using Air Inuit’s innovative combi configuration solution to provide safe and comfortable passenger service and reliable freight delivery simultaneously.

“The addition of these aircraft to our fleet enhances our capacity to efficiently transport passengers and deliver essential cargo to the communities we serve,” said Christian Busch, President and CEO of Air Inuit. “Acquiring these modern aircraft also supports our airline’s goal of reducing carbon emissions and doing our part in the fight against climate change.”

By eventually replacing the venerable Boeing 737-200 aircraft currently in service, fuel emissions will be cut by nearly 40 per cent.

The three Boeing Next-Generation 737-800 aircraft will be fitted with main deck cargo doors to meet requirements at hubs across Nunavik and beyond, which in turn service each of the communities of Air Inuit’s network.

This addition to Air Inuit’s fleet marks a milestone for the airline which was founded in 1978. “We can all be proud of this vital service which is celebrating 45 years of operation in 2023. Once again, Air Inuit is demonstrating leadership as it grows and adapts to the changing needs of the communities it serves,” said Noah Tayara, Executive Chairman of Air Inuit.

“The modernization of Air Inuit’s fleet is part of a broader initiative to fulfil its mission as an instrument of economic and social development which is wholly owned by the Nunavik

Press Release For Immediate Release

people,” said Pita Aatami, President of Makivik Corporation. “This is made possible thanks to important investments by the Inuit of Nunavik.”

The introduction of the three new aircraft will take place gradually over the next 24 months. This fleet modernization project and the growth of the region will require important governmental investments to upgrade Nunavik’s airstrips. Discussions are currently underway with stakeholders to ensure this vision is developed in accordance with the priorities of community members. Further details will be provided in the coming months.

About Air Inuit

Founded by the Inuit of Nunavik in 1978, Air Inuit, a wholly owned subsidiary of Makivik Corporation, was created to provide air connections between Nunavik’s 14 coastal villages and the South, to promote trade and to preserve Inuit culture. With more than 1,000 employees and a fleet of 30 aircraft, the Company is also committed to the development of this immense territory and the prosperity of its people by providing support to various community organizations, cultural events, educational and sports programs, as well as the implementation of employment access programs for Inuit people.

MEDIA INQUIRIES:

Tim Duboyce
Massy Forget Langlois Public Relations c: 514 604-9282
tduboyce@mflrp.ca

6005 boul de la Côte-Vertu Saint-Laurent (QC) H4S 0B1 airinuit.com

Singapore Airlines Selects the Airbus A350F Freighter

December 16, 2021 / WIL BALDWIN

Toulouse, France December 15, 2021 – Singapore Airlines (OTC: SINGY) has signed a Letter of Intent (LoL) with Airbus for seven A350F freighter aircraft. The agreement will see the A350F begin replacing the airline’s existing B747-400F fleet in the fourth quarter of 2025.

Earlier this year Airbus received Board of Directors approval for a freighter derivative of the A350 designed to meet the imminent wave of large freighter replacements and the evolving environmental requirements, shaping the future of airfreight. The A350F will be powered by latest technology, fuel-efficient Rolls-Royce Trent-XWB97 engines.

The A350F will have a high level of commonality with the A350 passenger versions. With a 109 ton payload capability, the A350F will serve all cargo markets. The aircraft features a large main deck cargo door, with its fuselage length and capacity optimised around the industry’s standard pallets and containers.

Over 70% of the airframe will be made of advanced materials, resulting in a 30 tonne lighter take-off weight and generating at least 20% lower fuel consumption and emissions over its current closest competitor. The A350F will fully meet ICAO’s enhanced CO₂ emissions standards coming into effect in 2027.

Singapore Airlines is the world’s largest operator of the A350, with 56 aircraft currently in service across its network. The agreement with Singapore Airlines is the third commitment received for the new A350F over the past month.

Alaska Air Group Orders Nine New Embraer E175 Aircraft for Operation with Horizon Air

May 17, 2021 / WIL BALDWIN

Embraer has agreed the sale of nine new E175 jets to Alaska Air Group and its subsidiary Horizon Air. The E175 aircraft will fly exclusively with Alaska Airlines under a Capacity Purchase Agreement (CPA). The value of the contract, which will be included in Embraer’s second-quarter backlog, is USD 449.1 million, based on current list prices.

Alaska Airlines, a new member of the Oneworld Alliance, currently has 62 Embraer E175 jets in their fleet, operated by Horizon Air and SkyWest Airlines. The 76-seat aircraft will be delivered in Alaska’s livery and three-class configuration, starting in 2022.

Alaska Air Group also announced today a commitment for eight more E175 aircraft with SkyWest Airlines. Once all 17 E175 aircraft announced today are delivered, Alaska Air Group will have 79 E175s in its regional fleet operated by Horizon and SkyWest.

Horizon is converting nine options from its April 2016 contract to firm orders. Added to Horizon’s three remaining firm orders on backlog, they will have a fleet of 42 E175’s flying for Alaska Airlines, when all aircraft are delivered.

The E175 has been a lifeline for carriers as they are perfectly suited to rebuild frequencies and add incremental capacity to meet rebounding domestic demand. During 2020 it was the first aircraft type to bounce back, achieving 100% of Alaska’s 2019’s schedule by Nov. 2020. Last October, the E175 started replacing larger aircraft on several intra-Alaska routes. Alaska Airlines has also been building its presence in California with the addition of new seasonal routes between cities in the Golden State and Montana with the E175.

New Zealand to Benefit from Improved Northland Line

January 18, 2021 / WIL BALDWIN

The re-opening of the rail line between Whangārei and Swanson in West Auckland is a significant achievement and has immediately boosted KiwiRail’s ability to deliver freight services for New Zealanders.

The track opened last week and today KiwiRail will begin receiving some of the containers unloaded from the ANL vessel Tianjin Bridge which berthed at Northport on Friday. These will be trucked to the rail line in Whangārei and taken to Auckland by train, while the rest of the containers will be moved south by road to their destination.

Fewer trucks on roads also means less congestion, lower road maintenance costs, and greater road safety.

It also means fewer emissions. Every tonne of freight carried by rail produces 70 per cent fewer greenhouse gas emissions than the equivalent freight carried by road.

The project to improve the North Auckland line, which was in a poor state after years of under-investment, began only a year ago. Funded by the Government’s Provincial Growth Fund, the work included replacing five bridges and lowering tracks in 13 tunnels in just seven months, to allow the passage of hi-cube shipping containers in and out of Northland by rail. These hi-cube containers are standard in international shipping.

All the new and rehabilitated structures have clearance through the tunnels for electrification to be added later, which helps to further improve the network’s resilience over time.

More than 400,000 hours went into the construction phase of the project, which marked its completion with the running of a test train last week carrying trial hi-cube export size containers. The train ran successfully along the length of the line, following an early morning blessing in Whangarei and by late last week, freight trains were again running.

KiwiRail does not yet have a spur directly to Northport but the PGF funding has allowed us to begin buying land along the route. In the meantime, freight is trucked from the port to the rail line in Whangārei, then carried by rail, south to Auckland and other destinations.

With freight volumes in the region expected to increase from 18 million tonnes a year currently to 23 million tonnes by 2042, rail is a crucial part of developing an efficient, integrated transport system for Northland. Across New Zealand, KiwiRail is working hard to support importers and exporters, and to increase its share of the freight market.

COVID-19 Impacts KiwiRail’s Fiscal Year 2020 Result

November 29, 2020 / WIL BALDWIN

The COVID-19 pandemic had a significant impact on KiwiRail’s bottom line for the past financial year, but rigorous operational changes and cost savings measures have helped stabilise the business, KiwiRail chairman Brian Corban says.

KiwiRail Holdings Limited, New Zealand’s national rail provider, which also operates the Interislander ferry service across Cook Strait, today reported an operating surplus of $40 million¹in FY20 for the KiwiRail Group, down $15 million compared with FY19².

FY20 was also notable for the additional $1.2 billion of Crown funding allocated in Budget 2020, including $400 million to progress the iReX project to replace the three ageing Interislander ferries with two brand new ones. When they arrive, they will be the first new purpose-built ferries in Interislander’s fleet for 25 years. The Budget 2020 allocation also allows the purchase of new locomotives.

Mr Miller explains that COVID-19 interrupted progress on some significant projects including the rejuvenation of the North Auckland Line where $35.5 million of $164.5 million allocated by the Provincial Growth Fund was spent during the year. More than 400 staff, contractors and sub-contractors are at work building tracks, replacing bridges and making tunnels suitable for wagons carrying hi-cube containers in Northland.

Other highlights during the year included the full return to service of the Main North line through Kaikōura and, in Wellington, work advanced on upgrading the metro network including construction starting on a second 2.7km track between Trentham and Upper Hutt.

¹ Operating surplus represents earnings before depreciation & amortisation, interest, impairment, capital grants and fair value changes.

² FY19 Operating surplus of $55m excludes impact of non-recurring items ($29m Holidays Act remediation).

Congo Airways Converts Embraer E175 Order to E190-E2 Jets

May 28, 2020 / WIL BALDWIN

São José dos Campos, Brazil, May 26th, 2020 – Congo Airways have converted the firm order made in December 2019 for two E175 aircraft, with purchase rights for two more, into a firm order for two E190-E2 jets, with purchase rights for a further two. The new deal has a total value of USD 256 million at current list prices with all purchase rights exercised, and will be included in Embraer’s second quarter backlog.

Desire Bantu, CEO of Congo Airways said, “These new jets will be replacing our legacy turboprops and will allow us to extend our operations within the Democratic Republic of Congo, and regionally to West, Central, and Southern Africa. Despite the current difficult circumstances, the fundamentals of our market have not changed; so we expect the momentum we’ve seen in the past to redevelop. I said in December that we may need to make an additional order for E2s due to the agility required to adapt to market changes – we have now reached that point. As we prepare for future success, we will have the flexibility, and the right sized, most efficient aircraft, to serve our customers as the market returns.”

“It’s great to welcome another airline to the E2 and the Embraer family of operators, especially in Africa where the demand for regional travel had been growing strongly before the current crisis. Africa has long been a market with low frequencies and long thin routes. As airlines start ramp up their operations, the E2 family of aircraft is perfectly positioned to right size routes previously operated by narrowbodies, while keeping frequencies and adjusting capacity to new levels.” said Raul Villaron, Vice President Sales, Africa and Middle East, Embraer Commercial Aviation. “We look forward to supporting Congo Airways as they continue to upgrade their offering to their customers.”

The aircraft will be configured in a dual class layout seating 96 passengers in total, with 12 staggered business class seats. Deliveries are expected to begin in the second quarter of 2022. This is second E2 order received from an African customer. There are currently 189 Embraer aircraft operating in Africa with 54 airlines in 27 countries.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers across the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 80 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline network carriers.

Kiwi Rail Plans $1.2 Billion Investment to Rebuild New Zealand

May 18, 2020 / WIL BALDWIN

The Government’s $1.2 billion rail investment in Budget 2020 will help KiwiRail attract more customers and get more freight on rail, KiwiRail Group Chief Executive Greg Miller says.

Building on the Government’s $1 billion investment in Budget 2019, this second round of funding includes $400 million towards replacing the aging Interislander ferries and $421 million to continue the replacement programme for some of KiwiRail’s oldest locomotives.

The funding also includes $246 million, plus a $148 million top up of the National Land Transport Fund, towards ensuring New Zealand’s rail network, which includes more than 3000km of track, more than 1000 bridges and nearly 100 tunnels, is reliable and resilient.

“I welcome this substantial funding, which is another major boost for rail in New Zealand. For our customers this investment sends a clear signal that rail has a big future and gives them the confidence to get on board,” Mr Miller says.

“Our customers want to make greater use of rail and we’re seeing more road operators reach out for our support as their networks contract. We’re here to help them.”

“The Government’s investment allows us to continue with our locomotive replacement programme and raise the standard of our rail lines, bridges and tunnels across the country. This will enable KiwiRail to offer better and more reliable train services for our customers, and move more of New Zealand’s growing freight task onto rail.

“This funding recognises that rail has a greater role to play in New Zealand’s transport sector, and that it can make a valuable contribution towards lowering our transport emissions, reducing road congestion and saving in road maintenance costs – which benefits our nation as a whole.

Fifteen new Gen 2.3 DL locomotives depart KiwiRail’s Mt Maunganui yard, shortly after arriving at the Port of Tauranga, in 2018.

“The range of track renewal and facility upgrades we are planning will also support our workforce of almost 4000, as well as numerous civil contractors and material supply businesses across the country.”

“I’m very grateful to the Government for this level of support and I know that KiwiRail’s customers will be pleased by this demonstration of our shareholder’s commitment to rail.”

Mr Miller says the $400 million contribution to replacing Interislander’s three aging ferries and necessary landside infrastructure highlights how important the ferry connection is to New Zealand.

“Our Cook Strait ferries are an extension of State Highway 1, moving 800,000 passengers and up to $14 billion worth of road and rail freight between the North and South Islands each year.

“They are a must have for NZ Inc. The two new rail-enabled ferries will be more advanced, have significantly lower emissions and last for the next 30 years.

“This is a once-in-a generation investment and I am thankful for the Government’s support. It gives us the security to go out to international tender to build the ships, which we hope to see arriving on our shores in 2024 and 2025.”

Coastal Pacific crossing the Kahutara River.

ATR Delivers First Ever Green Financed Aircraft

December 21, 2019 / WIL BALDWIN

First of five new 72-600 orders by Braathens Regional Airlines

ATR, world number one regional aircraft manufacturer, today delivered the first ever green financed aircraft to Swedish regional airline Braathens Regional Airlines, BRA. The aircraft is leased from Avation and is financed by Deutsche Bank. It is part of a new order for five 72-600s, all purchased by Avation from ATR and leased to BRA. Upon completion of the order in early 2020, the airline will itself operate an entirely ATR fleet, comprised of 15 ATR 72-600 aircraft.

Vigeo Eiris, one of the world’s leading independent agencies providing Environmental, Social and Governance (ESG) ratings, expressed the opinion that the project of replacing ageing regional jets with new ATR 72-600 aircraft is aligned with the Green Loan Principles (GLP) established by the Loan Market Association in 2018.

This first ever Green Financing of an aircraft confirms the high sustainable value of the modern ATR turboprop aircraft. The ATR 72-600 aircraft has a significant environmental advantage over regional jets and other turboprops emitting 40% less CO2. Turboprops are more efficient than jets on short sectors as they accelerate air using less power, so use less fuel.

BRA CEO, Geir Stormorken, remarked: “We have made a commitment to decrease our environmental impact and the ATR is an essential part of our strategy. With that as a goal, it simply makes sense to choose the most efficient aircraft. By replacing parts of our existing fleet of regional jets with ATR 72-600 aircraft we will emit 7,500 fewer tonnes of CO2 per aircraft, per year. We believe that aviation is an essential part of Sweden’s regional transport network and we look forward to showing our passengers and the Swedish public at large that there is a sustainable way of flying.”

Executive Chairman of Avation, Jeff Chatfield, commented: “As a lessor, it is essential for us to progress our fleet into new technology low carbon emission aircraft such as the ATR 72-600 which maintain their value over a long period. ATR is one of the best assets in terms of residual value retention in the business. BRA’s decision to consolidate their own operation around the ATR 72-600 aircraft type demonstrates their understanding of the regional aviation market and the importance of reducing carbon emissions. BRA is an airline that is leading the way in terms of striving to offer their passengers the best possible experience, whilst optimising operations and minimising environmental impact.”

“Deutsche Bank is proud to have played a key role in the first green financing of a commercial aircraft,” said Richard Finlayson, Deutsche Bank Head of Global Transportation Finance, Asia. “We’re hopeful that this leads the way for more sustainable financing activity in aviation, and increased adoption of lower carbon emission aircraft across the industry, to help make flying more eco-responsible.”

Stefano Bortoli, Chief Executive Officer of ATR, said: “It is only natural that the first Green Financing deal for a commercial aircraft would involve an ATR and BRA. Thanks to the innovation of the ATR design, it inherently benefits from its lighter fuselage and the efficiency of its turboprop, meaning it burns less fuel and emits less CO2. It also makes sense that BRA, the leading voice on responsible regional flying in Sweden, would upgrade its own fleet to an all ATR 72-600 one, benefitting from these advantages compared to its rivals. We are proud to launch Green Financing in commercial aviation and lead the way in terms of innovation and sustainable regional aviation. We are thankful to Avation for having the foresight and flexibility to establish the operating lease for this series of aircraft deliveries.”

About Braathens Regional Airlines
Braathens Regional Airlines, is one of Sweden’s leading domestic airlines, with a Swedish market share of 30 percent. Braathens operates 26 routes to 17 destinations and carries more than 2,2 million passengers annually. Braathens’ On Time Punctuality is outperforming all other airlines in the world. In 2016, 2017 and 2018, BRA was awarded as the airline with the most satisfied passengers in Sweden. The airline was formed in 2016 after consolidation of several domestic air carriers, but the company’s aviation DNA reaches back to 1946 when the very first airline of the Braathen family was founded, Braathens S.A.F.E.

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