Tag: Spirit (Page 1 of 3)

Maldivian Airlines updates regional fleet with additional ATR 42-600 order

September 20, 2023 / WIL BALDWIN

Toulouse, France, September 19, 2023 – Maldivian Airlines, the national airline of the Maldives and the world number one regional aircraft manufacturer ATR, have signed a firm order for two ATR 42-600 aircraft. These highly-efficient new aircraft will join the airline existing regional fleet, including two ATR 72-600 and one ATR 42-600, to replace older generation turboprops.

With these modern aircraft, powered by extra efficient PW127XT engines and featuring a spacious and appealing cabin, Maldivian will offer further reliable and affordable connectivity to the archipelago’s communities and businesses, contributing to the Maldives’ economic dynamism while lowering emissions.

About Maldivian

Maldivian, the national airline of the country embodies the spirit of the Maldives by providing exceptional air travel services that showcase the natural beauty and warm hospitality of the island nation. The airline is the leading domestic carrier with a scheduled network comprising of 16 domestic sectors. Maldivian operates the largest wheel-based fleet in the country which includes DeHavilland Dash 8 and ATR aircraft. Maldivian Seaplane, which consists of DeHavilland DHC-6 Twin Otter aircraft, further enhances the airline’s domestic operation by providing specialized tourist air transportation service connecting customers directly to the doorstep of their chosen resort. Operating from its hub in Male’, the airline provides international scheduled flights to cities in India and Bangladesh.

JetBlue Announces Record and Payment Dates for Additional Prepayment to Spirit Stockholders of August 2023

August 15, 2023 / WIL BALDWIN

New York, NY, August 15, 2023 – (BUSINESS WIRE) – As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 the “Merger Agreement”, by and among JetBlue Airways Corporation (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (NYSE: SAVE), JetBlue has set August 25, 2023, as the record date for the August 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “August 2023 Additional Prepayment”), with payment of the August 2023 Additional Prepayment to occur on August 31, 2023. Pursuant to the Merger Agreement, Spirit stockholders as of the August 25, 2023, record date will be entitled to receive the August 2023 Additional Prepayment.

Air Force Awards Boeing 5-year Contract for Continued Aircraft Guidance and Navigation Repair

February 9, 2022 / WIL BALDWIN

HEATH, Ohio, Feb. 8, 2021 — Boeing (NYSE: BA) will continue to provide the U.S. Air Force with guidance and navigation repair work on a variety of aircraft under a 5-year, $91 million sole-source contract.

The company has serviced components for aircraft including the B-2 Spirit, B-52 Stratofortress, E-3 Sentry and F-15 Eagle at the Boeing Guidance Repair Center in Heath, Ohio, since 1996.

The Boeing Guidance Repair Center is responsible for maintaining the readiness and modernization of guidance and navigation systems for U.S. nuclear-capable platforms, as well as non-nuclear capable guidance and control systems, electronics and radio frequency systems, and platform processors. In addition, the center is home to assembly, integration and test activities for several Boeing production programs, including the KC-46 tanker, T-7A Red Hawk and the MQ-25 unmanned aircraft system.

Spirit AeroSystems Reports Third Quarter 2021 Results

November 4, 2021 / WIL BALDWIN

Spirit AeroSystems Reports Third Quarter 2021 Results

Delivered 250 shipsets, compared to 206 in Q3 2020; delivered 47 737 shipsets in Q3 2021 compared to 15 in Q3 2020
Revenue of $980 million in Q3 2021, compared to $806 million in Q3 2020
Cash guidance unchanged: full-year 2021 cash used in operations is expected to be between $(50) to $(150) million; full-year 2021 free cash flow* is expected to be between $(200) and $(300) million
EPS of $(1.09) in Q3 2021 compared to $(1.50) in Q3 2020
Established business divisions to focus on key growth markets: Commercial, Defense & Space, and Aftermarket; Segment reporting change beginning Q4 2021

Spirit-Aerosystems-Q3-2021

Spirit AeroSystems Europe Delivers First Set of A320 Family RTM Spoilers

August 31, 2021 / WIL BALDWIN

Prestwick, Scotland, Business Wire, Spirit AeroSystems (Europe) Limited (UK), a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR], has successfully delivered the first set of new advanced composite spoilers to Airbus for the A320 Family. The spoilers are produced using Spirit’s pioneering Resin Transfer Moulding (RTM) technology and are the first to feature on a flying aircraft.

The redesigned spoiler is produced using a highly-automated advanced manufacturing, out-of-autoclave process, resulting in significantly improved manufacturing efficiencies, and reduced energy and costs compared to the original, more traditional design. Spirit is the first to industrialize this innovative composite technology in the UK aerospace sector.

The spoilers are produced in Spirit’s world-class manufacturing facility in Prestwick, Scotland, using the latest automation and robotics, which included investment from the Scottish Government in the development of the technology. Such cost-effective technologies and manufacturing processes will play a central role in the development of the next generation of aircraft programs, and help Spirit increase its competitive advantage in advanced manufacturing.

Small Ship Cruise Line Windstar Resumes Operations in Tahiti for Vaccinated Guests

July 17, 2021 / WIL BALDWIN

Seattle, Washington, July 16, 2021 – U.S. headquartered small ship cruise line Windstar Cruises has resumed cruising this week in French Polynesia/the Islands of Tahiti with vaccinated guests + crew aboard the line’s 148-passenger Wind Spirit sailing ship. Half of the line’s six yacht fleet is now back in the water cruising.

To celebrate Wind Spirit’s return, the line has added free drinks to its already enticing bundled pricing.

Windstar offers a convenient Air + Hotel package from Los Angeles International Airport that includes the round trip Air Tahiti Nui flight from Los Angeles, pre-cruise accommodations and a post-cruise day room, ground transfers in Tahiti, and a seven, 10, or 11 night boutique cruise in French Polynesia. Now on cruise vacations including air and hotel booked during the promotional period ending July 30, 2021, guests also receive the promise of a free beverage package (with unlimited select spirits, wine, beer, cocktails, and minibar items), guaranteeing an extra Mai Tai or three beneath a palm tree. If guests don’t imbibe, they can alternately choose shipboard credit to put towards other experiences, like a relaxing onboard spa treatment or shore excursions such as SCUBA diving, reef snorkeling, or even harvesting Tahitian black pearls.

Windstar typically sails year-round from Tahiti, where cruises take place on Wind Spirit, a 148- guest motorized sailing yacht specifically designed for the region and capturing the South Pacific trade winds in its billowing sails. However, Windstar’s reimagined, new all-suite Star Breeze yacht carrying 312 guests will begin sailings in the region on September 19 and will remain on a limited engagement in Tahiti until March of 2022, giving guests a unique chance to sail on the larger, more amenity-intensive yacht in gracious ocean view 277 square feet suites. Windstar offers guests a complimentary private event on their Tahiti cruises: a private beach party and locally sourced feast on one of Bora Bora’s tiny motus, followed by a kinetic fire-dancing performance. It is available on all sailings/both yachts.

Windstar is returning to operations in a phased manner, with its fleet of six yachts debuting on various dates through November, while requiring vaccines of all passengers amongst a host of health and safety precautions including testing, social distancing, masks, and high-tech air filtration. On June 19, Windstar’s Wind Star yacht resumed revenue operations in Greece, and on July 10, Windstar’s Star Breeze began sailing in the Caribbean, both with vaccinated guests and crew.

Windstar has plans to resume sailing on the following yachts in 2021 with vaccinated guests + crew:

Wind Surf – August 8, 2021 – Mediterranean

Star Legend – September 4, 2021 – Northern Europe

Star Pride – November 3, 2021 – Caribbean

For more details on Windstar Cruises, visit www.windstarcruises.com

Spirit Airlines Announces Offering of Convertible Senior Notes Due 2026

April 27, 2021 / WIL BALDWIN

MIRAMAR, Fla., April 27, 2021 /PRNewswire/ — Spirit Airlines, Inc. (NYSE: SAVE) (“Spirit”) today announced that it has commenced an underwritten public offering of $440,000,000 aggregate principal amount of convertible senior notes due 2026 (the “Convertible Notes” and such offering, the “Convertible Notes Offering”). Spirit intends to grant the underwriters of the Convertible Notes Offering a 30-day option to purchase up to $60,000,000 aggregate principal amount of additional Convertible Notes, solely to cover over-allotments, in the Convertible Notes Offering.

Spirit is also separately conducting a registered direct offering of shares of its common stock (the “Common Stock Offering”) to certain holders of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”).

Spirit expects to use a portion of the net proceeds from the Convertible Notes Offering to repurchase a portion of its outstanding 4.75% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”) for cash pursuant to privately negotiated agreements with a limited number of current holders of such 2025 Convertible Notes, which agreements are conditioned upon the consummation of the Convertible Notes Offering. Spirit expects to use any remaining net proceeds from the Convertible Notes Offering for general corporate purposes. Spirit expects to use the net proceeds from the Common Stock Offering to redeem up to 40% of the original outstanding principal amount, or up to $340 million, of its 8.00% Senior Secured Notes due 2025 at a redemption price equal to 108.0%, plus accrued and unpaid interest on the principal amount being redeemed up to, but excluding, the redemption date.

The closing of neither the Common Stock Offering nor the Convertible Notes Offering is conditioned upon the closing of the other offering.

Click the link below to view the full press release!

https://ir.spirit.com/news-releases/news-details/2021/Spirit-Airlines-Announces-Offering-of-Convertible-Senior-Notes-Due-2026/default.aspx

Spirit Airlines Adds Milwaukee, Wisconsin to its Route Network

February 24, 2021 / WIL BALDWIN

MILWAUKEE, Wis., Feb. 24, 2021 /PRNewswire/ — Spirit Airlines (NYSE: SAVE) today announced that Milwaukee is getting More Go on June 24, when the airline’s yellow and black planes start taking off from Milwaukee Mitchell International Airport (MKE). Spirit will start up daily nonstop flights to Orlando (MCO), Las Vegas (LAS) and MKE’s only nonstop flight to Los Angeles (LAX), bringing Spirit Signature Service, brand new Airbus planes and industry-leading low fares to the market.

Spirit Airlines Service to/from MKE:
Destination:	Flights Available:	Launch Date:
Las Vegas (LAS)	Daily	June 24, 2021
Los Angeles (LAX)	Daily	June 24, 2021
Orlando (MCO)	Daily	June 24, 2021

Spirit will be the only airline serving Los Angeles nonstop from Milwaukee, removing intermediate stops on the way and making quick trips between the two cities easier than ever. The airline continues to seize that kind of growth opportunity as demand for air travel increases. Earlier this month, the carrier announced an accelerated delivery schedule for new Airbus aircraft joining Spirit’s Fit Fleet™, which is among the youngest in the industry.

Las Vegas and Orlando are two of Spirit’s biggest cities, which means nonstop flights from MKE come with easy connections to nine additional destinations. Orlando also serves as one of Spirit’s biggest international gateways to the Caribbean and Latin America, providing access to numerous countries.

This year is off to a great start at Spirit Airlines. In addition to the opportunity to serve the Milwaukee-area market, in January, the carrier launched its new Free Spirit® loyalty program, which is the fastest way to earn rewards and status.* Spirit is also one of only three U.S. airlines listed on FORTUNE’s 2021 list of World’s Most Admired® Companies, which measures companies with the strongest reputation within their industries. Spirit also earned “Platinum” status as the highest-rated low-fare carrier in the world by the Airline Passenger Experience Association (APEX) Health Safety initiative powered by SimpliFlying.

Spirit Airlines Lines Up for a Landing in Louisville, Kentucky

February 23, 2021 / WIL BALDWIN

LOUISVILLE, Ky., Feb. 23, 2021 /PRNewswire/ — America’s Gateway to the South will be bright yellow, now that Spirit Airlines (NYSE: SAVE) is on the way. Today the airline announced plans to add Louisville—one of the fastest-growing cities in the country—to its route map with nonstop daily service to four cities. Spirit plans to inaugurate service from the Louisville Muhammad Ali International Airport on Thursday, May 27, with flights to Fort Lauderdale (FLL), Orlando (MCO), Las Vegas (LAS) and SDF’s only nonstop flight to Los Angeles (LAX).

“It’s time to bring the best value in the sky to Louisville,” said John Kirby, Vice President of Network Planning for Spirit Airlines. “We can’t wait to welcome Guests from Kentucky into the Spirit family so they can enjoy our unbeatable combination of service, reliability, new planes and low fares when they take their next trip. Plus, we’ll get to introduce travelers to the Derby City’s mix of outdoor beauty, art and history, not to mention the bourbon.”

Flights from Louisville (SDF)
Destination	Flights Available:	Launch Date:
Fort Lauderdale (FLL)	Daily	May 27, 2021
Las Vegas (LAS)	Daily	May 27, 2021
Los Angeles (LAX)	Daily	May 27, 2021
Orlando (MCO)	Daily	May 27, 2021

Spirit’s flight 502 will be the only nonstop service to Los Angeles from Louisville, removing intermediate stops on the way and making quick trips between the two cities easier than ever. The airline continues to seize that kind of growth opportunity as demand for air travel increases. Earlier this month, the carrier announced an accelerated delivery schedule for new Airbus aircraft joining Spirit’s Fit Fleet™, which is among the youngest in the industry.

Fort Lauderdale, Las Vegas and Orlando are three of Spirit’s biggest cities, which means nonstop flights from SDF come with easy connections to nine additional destinations. Fort Lauderdale is also Spirit’s largest gateway to the Caribbean and Latin America, providing access to five countries.

2021 is off to a great start at Spirit Airlines. In January, the carrier launched its new Free Spirit® loyalty program, which is the fastest way to earn rewards and status.* Spirit is also one of only three U.S. airlines listed on FORTUNE’s 2021 list of World’s Most Admired® Companies, which measures companies with the strongest reputation within their industries. Spirit also earned “Platinum” status as the highest-rated low-fare carrier in the world for cleanliness and safety during the travel journey by the Airline Passenger Experience Association (APEX) Health Safety initiative powered by SimpliFlying.

Spirit Airlines Reports Q4 Loss, Misses Revenue Estimates

February 10, 2021 / WIL BALDWIN

Spirit (NYSE: SAVE) came out with a quarterly loss of $1.61 per share versus the Zacks Consensus Estimate of a loss of $1.44. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -11.81%. A quarter ago, it was expected that this airline would post a loss of $2.63 per share when it actually produced a loss of $2.32, delivering a surprise of 11.79%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Click the link below to read the full story!

https://finance.yahoo.com/news/spirit-save-reports-q4-loss-230511372.html

About Maldivian

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