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Air New Zealand Receives 1,600th ATR Aircraft Delivery

Toulouse, France – In the same month as it celebrated its 40 year anniversary, ATR has reached another impressive milestone in its history, delivering its 1,600th aircraft to national flag carrier, Air New Zealand (OTC: ANZLY). This delivery highlights the enduring strength of the ATR program, providing essential connectivity to communities all over the world. It also proves the value of the ATR 72-600 at serving domestic routes in New Zealand as it is the last of 29 aircraft ordered.

While ties between the two companies initially began some 25 years ago with the delivery of first generation ATR’s, this last decade has seen the forging of closer ties, with the delivery of the 29 dash 600 aircraft and through an important collaboration that enhanced the aircraft’s approach capabilities.

The introduction of the RNP AR 0.3/0.3 feature, part of ATR’s latest Standard 3 avionics suite, helped the airline and its pilots with the accuracy of the approach into Queenstown airport and providing reliable connectivity to the local community, who benefit greatly from ski tourism in the mountainous region.

Sustainability is also a key concern for both airline and manufacturer, with Air New Zealand having chosen the ATR 72-600 for its fleet as it burns 40% less fuel and emits 40% less CO2 than a similarly sized regional jet. This shared commitment to further enhancing eco-efficiency led to an agreement to work together to explore the future of the regional aviation ecosystem, including hybrid aircraft in 2018.

Tesla to be Added to the S&P 500 Index

Tesla (Nasdaq: TSLA) will be joining the S&P 500 index, expanding its investor base and putting the electric car maker in the same company as market behemoths such as Alphabet, Amazon.com, Apple, and Microsoft.

The announcement, made Monday afternoon by the S&P Dow Jones Indices, sent the company’s shares 13.7% higher in after-market trading. Tesla will officially join the benchmark stock index before the market opens on December 21, the index stated.

When Tesla joins the S&P 500, it will be one of the most valuable companies on the benchmark index. The weighting will be so influential that the S&P is debating whether or not to add the stock at its full market capitalization weight all at once, or in two separate tranches.

Boeing Receives $1.5 Billion P-8A Poseidon U.S. Navy Contract

The U.S. Navy awarded Boeing [NYSE: BA] a $1.5 billion production contract for the next 18 P-8A Poseidon aircraft. The contract includes eight aircraft for the U.S. Navy, six aircraft for the Republic of Korea Navy and four aircraft for the Royal New Zealand Air Force.

The Republic of Korea Navy and Royal New Zealand Air Force acquired the aircraft through the Foreign Military Sales process and will receive the same P-8A Poseidon variant designed and produced for the U.S. Navy. The Royal New Zealand Air Force is expected to begin receiving aircraft in 2022 and the Republic of Korea Navy is expected to begin receiving aircraft in 2023.

The P-8 is a proven long-range multi-mission maritime patrol aircraft capable of broad-area, maritime and littoral operations. A military derivative of the Boeing 737 Next-Generation airplane, the P-8 combines superior performance and reliability with an advanced mission system that ensures maximum interoperability in the battle space.

The P-8 is militarized with maritime weapons, a modern open mission system architecture and commercial-like support for affordability. The aircraft is modified to include a bomb bay and pylons for weapons. It has two weapons stations on each wing and can carry 129 sonobuoys. The aircraft is also fitted with an in-flight refueling system.

With more than 254,000 flight hours to date, the P-8A Poseidon and P-8I variants patrol the globe performing anti-submarine and anti-surface warfare; intelligence, surveillance and reconnaissance; humanitarian; and search and rescue missions.