October 25, 2023 – Deutsche Lufthansa AG (Xetra: LHAG) newly established City Airlines will start flight operations in the summer of 2024. The airline was founded last year and received its Air Operator Certificate (AOC) from the German Federal Aviation Authority back in June. It will operate its flights from the Munich and Frankfurt hubs and thus also offer feeder flights for Lufthansa. City Airlines will operate alongside Lufthansa CityLine. Recruitment of operational staff will begin in November 2023, with pilots and cabin crew members needed for the launch.
The competitive strengthening of the short-haul network is essential for the market position of Lufthansa Group and for the planned growth of the long-haul segment in the German market.
In order to position City Airlines for the long term, English-speaking pilots are also being considered in the recruitment process for cockpit roles. Applicants with prior experience will be given preference during hiring. For Group employees interested in switching to City Airlines, offers with voluntary switching conditions can be negotiated. This includes Lufthansa CityLine staff in particular.
Talks with the social partners to agree on conditions for competitive and secure jobs have already begun.
Lufthansa customers and passengers can look forward to a Lufthansa customer experience on board City Airlines aircraft. While City Airlines will start operations with Airbus A319 aircraft, Lufthansa Group is currently also evaluating the possibility of using Airbus A220 or Embraer aircraft.
The Boeing Company [NYSE: BA] reported second-quarter revenue of $17.0 billion, driven by higher commercial airplanes and services volume. GAAP earnings per share of $1.00 and core earnings per share (non-GAAP)* of $0.40 primarily reflects higher commercial volume and lower period costs (Table 1). Boeing recorded operating cash flow of ($0.5) billion.
“We continued to make important progress in the second quarter as we focus on driving stability across our operations and transforming our business for the future,” said Boeing President and Chief Executive Officer David Calhoun. “While our commercial market environment is improving, we’re closely monitoring COVID-19 case rates, vaccine distribution and global trade as key indicators for our industry’s stability. As we continue to position for a robust recovery, we remain committed to safety and quality, while investing in our people, products and technology. I am proud of our team’s resilience and commitment as we work to rebuild trust, improve our performance and deliver for our commercial, defense, space and services customers.”
As part of Boeing’s ongoing focus on global sustainability, the company published its first integrated Sustainability Report in July. “This was an important step in our continued efforts to reinforce our Environmental, Social, and Governance principles,” Calhoun said.
Click the link below to read the full press release!
Sky Lagoon, Iceland’s newest geothermal bathing hotspot, opened in Reykjavik last week. If you know Iceland, you know that soaking in warm water is a favorite national pastime. Sky Lagoon is one of the new breed of designer pools catering to locals and visitors looking for sweet soaking opportunities in Instagram-worthy landscapes.
The opening weekend for Sky Lagoon was a big, buzz-worthy success, with media coverage and plenty of gorgeous photos flooding social media. The sun shone brightly and in an incredible stroke of good fortune, Sky Lagoon’s huge, 75-meter (246ft) infinity-edge pool and the large windows of the designer sauna enjoy a view across the ocean to the Icelandic president’s residence, and in the distance, an erupting volcano on the peninsula. The view – of smoke plumes, and a red glow when the conditions are favorable – is one the architects could have only dreamed about in the planning stages of the complex. A front-row seat for rosy sunsets completes the appeal, and we can imagine winter soaks under northern lights adding an extra wow factor.
Singapore Airlines (SIA) has completed sale-and-leaseback transactions for 11 aircraft, comprising seven Airbus A350-900’s and four Boeing 787-10’s, raising approximately S$2.0 billion in total.
The transactions were arranged by four different parties, as follows:
Lease Arranger
Aircraft
Aergo Capital Limited
1 Airbus A350-900 1 Boeing 787-10
Altavair
4 Airbus A350-900’s
EastMerchant / Crianza Aviation
1 Airbus A350-900 2 Boeing 787-10’s
Muzinich and Co. Limited
1 Airbus A350-900 1 Boeing 787-10
Total
11
SIA has successfully raised approximately S$15.4 billion in fresh liquidity since 1 April 2020, including these sale-and-leaseback transactions. The amount also includes S$8.8 billion from SIA’s successful rights issue, S$2.1 billion from secured financing, S$2.0 billion via the issuance of convertible bonds and notes, as well as more than S$500 million through new committed lines of credit and a short-term unsecured loan.
SIA continues to have access to more than S$2.1 billion in committed credit lines, along with the option to raise up to S$6.2 billion in additional mandatory convertible bonds before the Annual General Meeting in July 2021.
During this period of high uncertainty, as the airline industry continues to navigate the unprecedented challenges caused by the Covid-19 pandemic, the SIA Group will continue to explore additional means to raise liquidity as necessary.
Mr. Goh Choon Phong, Singapore Airlines Chief Executive Officer, said: “The additional liquidity from these sale-and-leaseback transactions reinforces our ability to navigate the impact of the Covid-19 pandemic from a position of strength. We will continue to respond nimbly to the evolving marketing conditions, and be ready to capture all possible growth opportunities as we recover from this crisis.”
Sky Lagoon, Iceland’s newest geothermal bathing hotspot, opened in Reykjavík last week. If you know Iceland, you know that soaking in warm water is a favorite national pastime. Sky Lagoon is one of the new breed of designer pools catering to locals and visitors looking for sweet soaking opportunities in Instagram-worthy landscapes.
The opening weekend for Sky Lagoon was a big, buzz-worthy success, with media coverage and plenty of gorgeous photos flooding social media. The sun shone brightly and in an incredible stroke of good fortune, Sky Lagoon’s huge, 75-meter (246ft) infinity-edge pool and the large windows of the designer sauna enjoy a view across the ocean to the Icelandic president’s residence at Bessastaðir, and in the distance, the erupting volcano on the Reykjanes peninsula. The view – of smoke plumes, and a red glow when the conditions are favorable – is one the architects could have only dreamed about in the planning stages of the complex. A front-row seat for rosy sunsets completes the appeal, and we can imagine winter soaks under northern lights adding an extra wow factor.
Visiting Sky Lagoon
Sky Lagoon is just a few kilometres from downtown Reykjavík, at Kársnes harbor in Kópavogur. Note that it’s not a place for people with young kids, as admission to the lagoon starts at 12 years of age.
Visitors have a choice of 2 packages, with the main difference being in the changing facilities. The more expensive Sky Pass includes private changing rooms with use of Sky Lagoon’s premium hair- and skincare amenities. Both entry passes – the cheaper Pure Pass, and the Sky Pass – include lagoon admission and access to the 7-step ‘Ritual’, which takes place inside a turfhouse inspired by an age-old Icelandic building tradition. There’s an in-water bar serving drinks, plus a stylish cafe and snack bar in the complex building.
Throughout the stylishly rustic complex, visitors can see design elements that draw inspiration from Icelandic nature and heritage, from the turfhouse to turf walls and plunge pool.
The Ritual
Sky Lagoon presents The Ritual as a ‘rejuvenating journey that awakens your senses and leaves your skin healthy and glowing’. It combines warm and cold waters, warm steam, dry heat and fresh air.
Step 1: Slow down in the warm waters of the lagoon.
Step 2: Take a cold plunge in a pool inspired by Snorralaug in West Iceland, thought to have been in use since the 12th century.
Step 3: Sweat and swoon over the view from the sauna.
Step 4: Cool down under a cold mist.
Step 5: Use the body scrub (provided) to awaken your skin.
Step 6: Sit and inhale in the steam room.
Step 7: Rinse off the scrub in the shower and return to the lagoon.
Geothermal bliss
If you like the sound of Sky Lagoon, Iceland has a lot more treats that are right up your alley. There’s a growing number of geothermal spas springing up around the country, creating an incidental itinerary for road-trippers looking to end each day with a scenic soak.
Aside from Sky Lagoon, one of the newest to hit the scene is Vök Baths (pictured below) in East Iceland, where the highlight is 2 floating pools set in lake waters.
All year round, these complexes draw bathers to their warm waters. In the wise words of one local, “Iceland’s sunshine doesn’t come from the sky, it comes from the water.”
Évora, Portugal, April 6, 2021 – The Embraer (NYSE: ERJ) FLEXCRAFT, a modular and remotely piloted aircraft concept, which allows quick reconfiguration of the cabin for multiple missions, won the International Design Awards (IDA) in the Transport Design category.
With the ability to land and take off on short lanes and use alternative energy sources, the concept seeks to foster ideas for transforming the future of air mobility, combining the human, technological, social and economic perspectives in a sustainable manner. IDA highlighted the passenger experience through the flexibility of fuselage design and new technologies.
The futuristic project was the result of a Portuguese consortium led by Sociedade de Engenharia e Transformação, SA (SET.SA) that brought together Embraer Portugal, Instituto Superior Técnico (IST), Almadesign, Instituto de Ciência e Inovação em Engenharia Mecânica e Engenharia Industrial (INEGI), plus the support from Embraer SA (Brazil). The initiative was funded by the Portugal 2020 program, under the Operational Program Competitiveness and Internationalization through the European Regional Development Fund.
The scientific research aimed to raise the critical technologies of this concept in an integrated way, such as configuration, flexibility solutions and production and material processes. Through the FLEXCRAFT project, it was possible to evaluate the development of new production processes, eco-efficient technologies, and the integration of new materials, among other research fronts.
TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win, and the Dow Jones Sustainability Index.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.
TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win and the Dow Jones Sustainability Index.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.
*1 S&P Global: One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.
TOKYO, March 5, 2021 – ANA HOLDINGS INC. (hereinafter “ANA HD”) is proud to announce that it has received the Gold Class distinction from the 2021 S&P Global Sustainability Awards, becoming the only company within the aviation industry to receive this recognition. ANA was previously named to S&P Global’s elite Gold Class tier in 2018 and 2019. This is the latest in a long line of ESG-related awards for ANA HD, with the company also being recognized by IATA, J-Win and the Dow Jones Sustainability Index.
ANA HD was one of only 70 companies (including 6 Japanese companies) to earn Gold Class recognition from S&P Global out of the 7,032 companies that were considered, placing ANA in the top 1%. Companies are judged based on their contributions to the three aspects of economy, environment, and society, and are assigned Gold, Silver, or Bronze ratings that have a specifically strong track record.
ANA HD was selected as the only Gold Class company in the entire aviation industry in recognition of its outstanding environmental record as well as its prioritization of safety and quality across its full range of operations. ANA HD’s information management, and efforts to hire and retain human resources were also commended.
*1 S&P Global: One of the world’s leading financial service companies providing credit ratings, benchmarks in global capital and commodity markets, and providing detailed data and observations related to important business factors including ESG.
