Tag: Richard (Page 1 of 2)

First Qantas A380 to Land Back in Australia Today

November 9, 2021 / WIL BALDWIN

A familiar and hard-to-miss sight will return to Australian skies today with one of the Qantas (OTC: QABSY) iconic A380 aircraft set off to land back in Sydney, 593 days after it departed Australian shores.

Hudson Fysh, named after one of Qantas’ founders, is expected to touch down at Sydney Airport around 3.00pm more than 19 hours after it departed Dresden, Germany. The aircraft recently underwent scheduled maintenance for a new landing gear, after spending the best part of two years in storage during the COVID-19 pandemic.

Its early return comes as the airline gears up for the first two of the superjumbos to return to service in April 2022, following strong demand for international travel, particularly on key routes to Los Angeles and London.

Qantas has taken close to half a million domestic bookings in the past two weeks, compared with around 20,000 in a two-week period in August.

Jetstar’s recent international sale saw 75,000 seats sold in 72 hours.

Demand for seats on Qantas’ London to Sydney service has been extremely strong, with Aussies reuniting with family and friends in time for Christmas and more flights added as a result.

Originally expected to remain in long term storage in the Californian desert until the end of 2023, Qantas has since announced that five A380s with upgraded cabins would return ahead of schedule with two to operate flights to Los Angeles from April 2022 and three to operate flights to London from November 2022.

The airline is now working to further accelerate the return of the A380s, with superjumbo flights to London brought forward to July 2022. In addition, a sixth aircraft will arrive before the end of calendar year 2022, with the remaining four A380s expected to return to service by early 2024.

Hudson Fysh will undergo additional maintenance checks in Australia before taking to the skies again in coming weeks as part of crew training.

Virgin Atlantic Airline Files for US Bankruptcy Protection

August 6, 2020 / WIL BALDWIN

NEW YORK — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry.

The airline made the Chapter 15 filing in U.S. federal bankruptcy court in New York after a proceeding in the United Kingdom.

A spokeswoman for Virgin Atlantic said the bankruptcy filing is part of a court process in the United Kingdom to carry out a restructuring plan that the airline announced last month. The process is supported by a majority of the airline’s creditors, and the company hopes to emerge from the process in September, she said.

Click the link below for the full story!

https://www.foxbusiness.com/markets/virgin-atlantic-airline-bankruptcy-protection

Rolls-Royce Scraps Dividend & Targets Due to Coronavirus

April 6, 2020 / WIL BALDWIN

(Reuters) – British aero-engine maker Rolls-Royce will abandon its targets on profits, cash and deliveries, and suspend its dividend, as airlines around the world ground planes due to the coronavirus outbreak, the Financial Times reported late on Sunday.

Rolls-Royce is also aiming to announce new credit facilities in excess of 1 billion pounds ($1.22 billion) to bolster liquidity, the newspaper said https://on.ft.com/2ULsL7q.

Rolls-Royce, which makes engines for large civil and military planes, has been hit hard by the pandemic as its airline customers park hundreds of planes.

In March, engine flying hours were down by about 40%, the newspaper said, citing a source. The company is paid by airlines based on how many hours its engines fly.

At the end of February, Rolls Royce had forecast 2020 free cash flow of 1 billion pounds, excluding any material impact from COVID-19. The group will ditch that pledge, the FT said.

The dividend payment of 11.7 pence per share, which has been frozen since 2016, will also be suspended, the newspaper added.

Rolls-Royce declined to comment.

In addition, the FT said the company on Monday will reopen its civil aerospace facilities in the UK with a fraction of the normal workforce, after suspending operations in March.

The company could also eventually furlough some 50% of its 7,500 UK shop-floor workers, with wages supported by government subsidy, two sources told the newspaper.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Daniel Wallis and Richard Pullin)

Rolls Royce engine of the first Fiji Airways A350 XWB airliner is seen at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse

Nikki Haley Resigns from Boeing Board over Request for Government Financial Assistance

March 20, 2020 / WIL BALDWIN

(Reuters) – Former U.N. ambassador Nikki Haley has resigned from Boeing Co’s board after opposing its bid for government financial assistance due to the crisis caused by the coronavirus outbreak.

“I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position,” Haley said in a letter to the company’s management released by Boeing on Thursday.

“I have long held strong convictions that this is not the role of government.”

Haley, a former South Carolina governor, has often been mentioned as a future presidential candidate. “The board and executive team are going in a direction I cannot support,” she wrote.

When asked to respond to Haley’s concerns, Boeing said only the company appreciated her service on the board and wished her well.

Boeing this week said it was seeking on behalf of itself and the aviation manufacturing industry at least $60 billion in government loan guarantees and other assistance. The sector faces huge losses from the coronavirus pandemic as airlines halt flights and some delay orders.

A Senate Republican proposal introduced Thursday would allow aviation manufacturing firms like Boeing to seek collateralized loans and loan guarantees from a $150 billion fund but not provide any cash. The final decision on eligibility would be up to the U.S. Treasury.

“We are not bailing out the airlines or other industries – period,” said Senator Richard Shelby, a Republican who chairs the Appropriations Committee.

To ensure the government is compensated for risks in making loans, the U.S. Treasury could seek equity, warrants stock or other instruments to ensure the government participates in any gains.

Haley’s resignation letter was dated Monday, the same day Boeing confirmed it was in talks to seek short-term assistance from the U.S. government.

Boeing has racked up nearly $19 billion in costs tied to its 737 MAX aircraft, which has been grounded for the past year after two fatal crashes in five months. The company has been working to win approval for the plane to return to service.

(Reporting by Ankit Ajmera in Bengaluru and David Shepardson in Washington and Michelle Nichols in New York; Editing by Arun Koyyur and Tom Brown)

Amtrak Names William Flynn as CEO and President

March 2, 2020 / WIL BALDWIN

WASHINGTON – Amtrak announced that it has named William J. Flynn as its next Chief Executive Officer and President. Flynn, a seasoned business leader with four decades of transportation and logistics experience, will begin his role on April 15, 2020. Flynn succeeds Richard Anderson, who joined Amtrak as CEO in July 2017. Anderson, who fulfills his three-year commitment to the company this year, will remain with Amtrak through the end of the year as a senior advisor to Flynn.

Flynn, 66, has been a successful leader across multiple modes of transportation, including rail, maritime and aviation. Most recently, he served 13 years with Atlas Air Worldwide Holdings, Inc., which serves the global air freight, military charter and passenger charter markets, as President and CEO and Board Chairman. He also held senior roles with CSX Transportation, Sea-Land Services, Inc., and GeoLogistics Corp.

“Bill is the right executive to lead us into the future,” said Amtrak Board Chairman Tony Coscia. “We’ve never been stronger as a company than we are today. We are modernizing the customer experience and delivering our service to more people. Bill has a consistent track record of growing and improving complex transportation businesses. We are confident he will build upon the strong foundation of record-setting growth and improvement set by the Board, Richard and the entire Amtrak team.”

In fiscal year 2019, Amtrak set new records in ridership, revenue and earnings. In 2020, Amtrak is on pace to achieve operational breakeven for the first time in the company’s 49-year history. Additionally, Amtrak is investing billions in capital assets and is undertaking the largest fleet renewal in company history, with new high-speed Acela trains entering service on the Northeast Corridor next year.

“Amtrak’s future is incredibly bright and I’m excited to join the team,” said Flynn. “Amtrak service is vital to millions of Americans across the nation and by improving the customer experience, driving safety, and strengthening our partnership with states and other stakeholders, we can do much more for the American people. Tony, Richard and Amtrak’s dedicated employees have done an amazing job modernizing the company for the 21^st Century. It’s a privilege to join them in continuing this work and advancing something as important as Amtrak’s mission.”

“I congratulate the Board on selecting Bill to lead Amtrak into its 50th year and beyond,” said Anderson. “Bill brings deep expertise across all aspects of transportation and a true passion for the customer. As the company refleets our equipment, expands our services and advances key infrastructure projects like the Gateway Program, it will require the steady leadership and relentless drive for improvement that I know Bill can provide.”

Saab Brazilian Gripen E Completes its First Flight

August 29, 2019 / WIL BALDWIN

Saab today completed a successful first flight with the first Brazilian Gripen E fighter aircraft, 39-6001. At 2.41 pm CET on August 26, the Gripen E aircraft took off on its maiden flight flown by Saab test pilot Richard Ljungberg. The aircraft operated from Saab´s airfield in Linköping, Sweden.

The duration of the flight was 65 minutes and included test points to verify basic handling and flying qualities at different altitudes and speeds. The main purpose was to verify that the aircraft behavior was according to expectations.

“This milestone is a testament to the great partnership between Sweden and Brazil. Less than five years since the contract was signed, the first Brazil Gripen has conducted her first flight,” says Håkan Buskhe, President and CEO of Saab.

This aircraft is the first Brazilian production aircraft and will be used in the joint test program as a test aircraft. The main differences compared to the previous test aircraft are that 39-6001 has a totally new cockpit layout, with a large Wide Area Display (WAD), two small Head Down Displays (sHDD) and a new Head Up Display (HUD). Another major difference is an updated flight control system with updated control laws for Gripen E. It also includes modifications both in hardware and software.

“For me as a pilot it has been a great honour to fly the first Brazilian Gripen E aircraft as I know how much this means for the Brazilian Air Force and everyone at Saab and our Brazilian partners. The flight was smooth and the aircraft behaved just as we have seen in the rigs and simulators. This was also the first time we flew with the Wide Area Display in the cockpit, and I am happy to say that my expectations were confirmed,” says Saab test pilot Richard Ljungberg.

39-6001 will now join the test programme for further envelope expansion as well as testing of tactical system and sensors.

39-6001 will be designated F-39 in the Brazilian Air Force and will have the tail number 4100.

Watch the video!

Amtrak’s Infrastructure Renewal at New York Penn Station

May 3, 2019 / WIL BALDWIN

NEW YORK – Amtrak will continue its Infrastructure Renewal program at New York Penn Station this summer by performing state of good repair work on JO railroad interlocking which directs Amtrak, Long Island Rail Road and NJ TRANSIT trains heading east and west from the East River Tunnels.

“Amtrak has made record levels of capital investment to improve the reliability of our infrastructure and overall customer experience, and we continue to do so in New York Penn Station for all the users of this important station,” said Amtrak President & CEO Richard Anderson. “We appreciate the continued support and confidence from our commuter partners and patience from our customers as we continue to deliver this important work safely, on time and within budget, improving the commutes for the many users of Penn Station.”

The total cost of the projects is estimated at $30 million, which will keep this important infrastructure in a state of good repair and benefit all users of Penn Station with an upgraded, state-of-the art railroad and more reliable service. The work on JO Interlocking will occur between Friday, June 28, and Monday, Sept. 2, including the renewal of critical infrastructure such as switches and turnouts at North America’s busiest train station.

Amtrak schedule adjustments will include:

• Northeast Regional Train 110 from Washington, D.C. to New York Penn Station will be cancelled.
• Northeast Regional Train 127 from New York Penn Station to Washington, D.C. will be cancelled.
• Northbound Keystone Train 640 will terminate at Newark Penn Station (NWK).
• Southbound Keystone Train 643 will originate at NWK.
• Southbound Keystone Train 653 will departe NYP early.
• Cardinal Train 51 will depart NYP early on weekdays only.
• Maple Leaf Train 63 and Adirondack Train 69 will be combined on the regular time slot for 63 and will split at Albany, N.Y. (ALB).

Customers booked on trains with a modified schedule will be contacted and accommodated on other scheduled services.Additional information and updates will be posted on Amtrak.com and Amtrak.com/NYPrenewal. To be notified of service disruptions on the Northeast Corridor (including Acela Express, Northeast Regional and other corridor services), follow @AmtrakNECAlerts on Twitter.

While Amtrak has maintained and repaired this aging infrastructure, some of which dates back to the 1970’s, full replacement is now required. During the summer of 2017, Amtrak kicked off its Infrastructure Renewal at New York Penn Station, and continued it in early 2018 and during the Summer of 2018. The Infrastructure Renewal program is one element of Amtrak’s overall plan to modernize stations, infrastructure and equipment on the Northeast Corridor.

Amtrak Celebrates 48 Years; Looks to the Future

May 1, 2019 / WIL BALDWIN

WASHINGTON – Continuing its FY18 success, Amtrak is on track for its best year as the company celebrates its 48^th year of operations. Fiscal year ridership is up 1.3% through March over FY18, and Amtrak is heading toward breakeven on an operating earnings basis by FY21. Amtrak has committed to investing billions in modernizing infrastructure, fleet, and facilities to meet the growing needs and ensure a continued, bright future for passenger rail service across the nation.

Following the enactment of the Rail Passenger Service Act in 1970, Amtrak began serving customers on May 1, 1971, taking over the operation for most intercity passenger trains then operated by private railroads in exchange for access to their respective networks, thus preserving intercity passenger rail service across America. With demonstrated success under new leadership and growing demand for passenger rail, it’s a pivotal time for America’s Railroad^® to reinforce the promises made 48 years ago and to reassess Amtrak’s network for the next 50 years.

“We are changing intercity passenger rail to meet the needs of America – modernizing our trains and stations, improving on-time performance, and adding contemporary amenities – making it the preferred mode of travel for customers,” said Amtrak President & CEO Richard Anderson. “We are experiencing record growth, and we look forward to working with Congress to further invest in our rail infrastructure to better serve the changing landscape of our nation.”

With much of Amtrak’s infrastructure dating to the early 1900s and most of Amtrak’s equipment nearing the end of its useful life, considerable investments are needed to address increased highway congestion, rapid urbanization, and the threats posed by our changing climate.

Additionally, millennials and aging populations are changing the overall travel landscape, forming new markets, with many of the fastest growing markets having limited or no intercity passenger rail service.

“We have been building a successful company over the last several years: best-ever operating performance, record ridership and revenue, and the highest ever capital spend,” said Amtrak Board Chair Tony Coscia. “We have the potential to meaningfully enhance how this country moves in the future, to provide frequent and reliable, city-to-city passenger rail service.”

Last month, Amtrak submitted its 5 Year Plans which provide a comprehensive strategic and financial view of the services that Amtrak provides its customers along with its General and Legislative Annual Report to Congress. Amtrak is preparing to transmit a comprehensive re-authorization proposal to Congress later this year as the Fixing America’s Surface Transportation Act is set to expire.

Virgin Atlantic Posts Annual Loss for Second Year Running

April 10, 2019 / WIL BALDWIN

(Reuters) – Virgin Atlantic on Wednesday reported an annual pretax loss for the second consecutive year, hit by a shaky economy, the higher costs of fuel generated by a weaker British pound and problems with Rolls Royce’s Trent engines.

The airline, the 1980s brainchild of British billionaire Richard Branson, fell back into the red in 2017 after three years of profits, as competition intensified and the weakening of the pound added to already rising fuel costs.

Best known in Europe for the trans-Atlantic planes it flies with Air France-KLM and Delta, Virgin said its loss before tax and exceptional items was 26.1 million pounds ($34.12 million) for the year ended Dec. 31, compared to a loss of 49 million pounds in 2017.

Total revenue rose 5.8 percent to 2.78 billion pounds, as passenger numbers grew just under 5 percent to 5.4 million and revenue per customer rose 1.7 percent.

The company said performance had suffered from economic uncertainty and the weaker pound – which increases costs because fuel is priced in dollars – as well as the well-documented problems of the Trent 1000 engines used on its Boeing 787 jets.

“While a loss is disappointing, our performance has improved in 2018 despite challenging economic conditions and put us on a trajectory for growth and return to profitability,” Chief Executive Officer Shai Weiss said in a statement.

Rolls-Royce on Wednesday agreed to an early inspection of some Trent 1000 TEN engines by regulatory authorities, a week after Singapore Airlines grounded two Boeing 787-10 jets fitted with the units.

British Airways owner IAG in February chose Boeing 777-9s, rather than a competing package from Airbus in part powered by Rolls, underlining the risks to airlines from the engine issues.

Since then the industry has been thrown into chaos by the grounding of Boeing’s new 737 MAX planes after a second fatal crash within six months.

The pound fell 5.6 percent against the U.S. dollar, in 2018 as Britain contended with the political and economic uncertainty generated by its negotiations on leaving the European Union.

Finance chief Tom Mackay said that while economic factors would continue to challenge the carrier in the year ahead, Virgin Atlantic was in a strong cash position.

The results are the company’s first since its acquisition of troubled regional airline Flybe for $2.8 million earlier this year, in a joint bid with Stobart Group and Cyrus Capital.

($1 = 0.7649 pounds)

(Reporting by Noor Zainab Hussain and Pushkala Aripaka in Bengaluru; Editing by Anil D’Silva)

Richard Cole, Last WWII Doolittle Raider, Dies at 103

April 9, 2019 / WIL BALDWIN

SAN ANTONIO — Retired Air Force Lt. Col. Richard E. Cole, the last of World War II’s Doolittle Raiders, passed away early Monday morning in San Antonio with his daughter, Cindy, and son, Rich, at his side, according to reports from family and friends.

Cole was 103 years old. Arrangements are being made for a memorial service at Randolph Air Force Base, and Cole will be interred at Arlington National Cemetery. He had been scheduled to be honored in Sarasota on April 7 but was unable to attend the ceremony after being hospitalized.

The Doolittle Raiders were group of 80 Army Air Force aviators who participated in a daring aerial raid on Japan during World War II, bombing seven cities just months after the Japanese had laid waste to American naval power at Hawaii’s Pearl Harbor on Dec. 7, 1941.

Cole, though, was humble about his role in the historic raid, which was planned and led by Army Air Force Lt. Col. James “Jimmy” Doolittle of the United States Army Air Forces.

“I don’t think that the Raiders should be remembered any more than the millions of other people who took part in World War II,” he said during a recent interview at the Air Force Armament Museum at Eglin Air Force Base.

The Doolittle Raiders are woven tightly into the historical fabric of this area. For a little more than two weeks in March 1942, they trained at what was then Eglin Field for their improbable mission: launching stripped-down B-25 bombers off the deck of an aircraft carrier and flying hundreds of miles across the Pacific Ocean to bomb Japan.

Less than a month after leaving Eglin Field, on April 18, 1942, the Doolittle Raiders — all volunteers and none of whom had flown a combat mission — boarded 16 B-25 bombers on the deck of the U.S.S. Hornet in the Pacific to start their mission. Cole was in the copilot’s seat of the lead B-25, which was piloted by Doolittle.

Cole also was among the airmen who had to bail out of the the B-25s after the raid. Asked recently about his sharpest memory of the raid, after more than 76 years, Cole had a quick response.

“The thing I remember most is my parachute opening,” he smiled.

Cole was in the area last month, attending a ceremony at Hurlburt Field, headquarters of Air Force Special Operations Command, for a 75th anniversary commemoration of Operation Thursday, another piece of World War II history in which he was involved. Cole was among the aviators involved in the 1944 operation in the China-Burma-India war theater in which early American air pioneers worked alongside British special operations soldiers known as Chindits to extract British soldiers from the forests of Burma. The operation marked the birth of Air Commandos as part of U.S. military aviation forces.

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