Tag: stock (Page 1 of 53)

Superstar Dirk Nowitzki launches partnership with Lufthansa

August 6, 2024 / WIL BALDWIN

Image from Lufthansa

Cologne, North Rhine-Westphalia, Germany, August 6, 2024 – NBA basketball legend, Dirk Nowitzki, is the face of the new Deutsche Lufthansa AG (Xetra: LHAG) Allegris advertising campaign. Born in Germany, Nowitzki played his entire NBA career with the Dallas Mavericks in the United States.

In the campaign film, the 2.13 metre tall Dirk Nowitzki can be seen sleeping in the 2.20 metre long bed of the new Allegris Business Class. Lufthansa Allegris offers a completely new travelling experience on long-haul flights that is unrivalled on the market due to the variety of seats. All travel classes, from Economy to Premium Economy, Business and First Class, will have new cabin interiors and new seats. For example, in Business Class, passengers can choose between five different seat options, including a suite with doors, a personal wardrobe and a small minibar. A special highlight: all seats in First and Business Class have heating and cooling systems so that travellers can flexibly adjust the temperature to their own comfort level.

The Lufthansa Allegris campaign with Dirk Nowitzki starts today in the USA and will be shown internationally in the coming months, including in Germany.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Las Vegas Sands CEO sells over $5.2 million in company stock

March 19, 2024 / WIL BALDWIN

Image from Las Vegas Sands Corp.

Las Vegas Sands Corp. (NYSE: LVS) CEO and Chairman, Robert G. Goldstein, has sold 100,000 shares of the company’s common stock, according to a recent SEC filing. The transaction, which took place on March 15, 2024, amounted to over $5.2 million, with shares sold at a weighted average price of $52.06.

The sales were executed in multiple transactions with prices ranging between $52 and $52.26. Post-transaction, Goldstein still holds 172,801 shares indirectly through The Robert and Sheryl Goldstein Trust, signifying a continued stake in the company’s future.

Click the link below to read the full story!

Las Vegas Sands CEO sells company stock

Forward-Looking Statements

Etihad Airways expands schedule with two new destinations

February 29, 2024 / WIL BALDWIN

Abu Dhabi, UAE – In the latest significant boost to its global network, Etihad Airways, the national airline of the United Arab Emirates, has announced substantial updates to its summer schedule.

This strategic expansion includes the addition of new flights and increased frequencies to existing routes, reinforcing Abu Dhabi’s position as a global connector and enhancing travel options.

The airline is set to broaden its reach by launching flights to two new fantastic and sought-after destinations: Beginning 15 June, Etihad will operate three seasonal weekly flights between Abu Dhabi and Antalya (AYT), Turkey. Operations to Jaipur (JAI), India will start 16 June with four weekly flights.

More, more, more

Starting 15 June, Etihad is increasing its service frequency to a number of key destinations:

The weekly flights to Thiruvananthapuram and Amman will be increased by three, totalling 10 and 14 respectively. Additional services include three more flights to Cairo for a total of 24, Karachi increasing to 17, and Colombo to 20 weekly flights.

The latest expansion contributes to an overall 33 per cent increase in Etihad’s total weekly flights, growing from 635 last summer to 847 in 2024, and extends Etihad’s reach from 65 to 75 destinations, significantly enhancing worldwide connectivity.

Manchester City 787 | Etihad Airways

Vietjet Air picks Rolls-Royce Trent 7000 engines for A330neo

February 25, 2024 / WIL BALDWIN

Singapore Air Show, February, 2024 – Vietjet Air has signed a Memorandum of Understanding (MoU) with Airbus Group SE (Paris: AIR) for the purchase of 20 A330-900 widebodies. When the order is finalized, the aircraft will be operated on the carrier’s growing long range network, as well as on high capacity regional services. They will replace the carrier’s current fleet of leased A330-300’s, as well as providing for network expansion.

Rolls-Royce (LSE: RR) today announces a commitment by Vietjet Air for 20 Trent 7000 powered A330neo, which will complement the airline’s existing widebody fleet of seven Trent 700 powered A330ceo aircraft.

With a laser focus on sustainability, Vietjet Air has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, whilst significantly lowering emissions. The reduction in emissions will allow the airline to avoid more than one hundred thousand tons of CO2 over the lifetime of each aircraft.

The Trent 7000 draws on the technology and experience of the most advanced family of engines in the world. As the latest member of the Trent family, the Trent 7000 is based on Trent XWB technology and has delivered exceptional reliability since its entry into service.

Forward-Looking Statements

Saab receives Gripen order from Hungary

February 23, 2024 / WIL BALDWIN

SAAB AB (Stockholm: SAABb) has today signed a contract with the Swedish Defence Materiel Administration (FMV) and received an order for four additional Gripen C fighter aircraft for Hungary.

This order follows an amendment to the contract between FMV and the Hungarian Government signed in December 2001 regarding 14 Gripen C/D fighters for the Hungarian Air Force. The contract amendment for the four additional aircraft was signed by the Hungarian Ministry of Defence and FMV on 23 February 2024. With this new contract amendment, Hungary will operate a total of 18 Gripen C/D aircraft to protect and defend the Hungarian and NATO airspace.

Saab currently has a contract with FMV regarding support for Hungary’s Gripen aircraft, and Saab is ready to provide additional upgrades and support for the Hungarian fighters beyond 2035.

Saab and the Hungarian Ministry of Defence have also signed an MoU regarding development of high-tech industrial areas and fighter aircraft capabilities. The cooperation includes support for the establishment of a Centre of Excellence for VR technologies in Hungary.

Forward-Looking Statements

Hinterland Aviation picks Cessna Skycourier for fleet expansion

February 19, 2024 / WIL BALDWIN

Wichita, Kansas, January 19, 2024, Business Wire – Textron Aviation (NYSE: TXT) today announced a purchase agreement for the first Cessna SkyCourier passenger variant in Australia to regional airline Hinterland Aviation. The aircraft, expected to deliver in 2026, will add to Hinterland’s expansive fleet of Cessna Grand Caravans to provide a greater payload capacity and increased passenger seating. This fleet expansion will greatly benefit remote communities, as well as the tourism and business sectors in Queensland.

The Cessna SkyCourier is meticulously designed to deliver unparalleled performance, unwavering reliability and cost-effective maintenance. With the ability to be operated by a single pilot and a generous payload capacity, the SkyCourier is the ultimate solution for air freight, passenger and special mission needs. The aircraft is highly adaptable and can effortlessly adjust configurations to effectively complete any mission, ensuring a significant return on investment.

Forward-Looking Statements

Emirates Flight Catering acquires Bustanica indoor vertical farm

February 19, 2024 / WIL BALDWIN

Dubai, UAE, 19 February 2024 — Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the world’s largest indoor vertical farm.

This strategic move establishes Emirates Bustanica as a fully UAE-owned company, helping sustain the country’s vision of enhancing food and water security and its agricultural capabilities. The acquisition empowers Emirates Bustanica to leverage its local expertise and the latest tech know-how to meet the growing demands of the market.

Located near Al Maktoum International Airport at Dubai World Central, Bustanica’s 330,000sqft facility has the capacity to grow more than 1 million kilograms of exceptional quality leafy greens a year, equivalent to 3 tonnes daily, while using 95% less water than conventional agriculture.

Operating under the brand name Bustanica, the produce is available across all major retailers in the UAE such as Spinney’s, Waitrose, Carrefour, and Choithrams. Customers on Emirates and other airlines enjoy this farm-fresh produce in their salads and meals.

Click the link below to read the full story!

Bustanica indoor vertical farm

Southwest Airlines expand technical operations facility In Phoenix

February 19, 2024 / WIL BALDWIN

Dallas, Texas, February, 2024 – Southwest Airlines Co. (NYSE: LUV) is celebrating the completion of a multi-year, $100 million project, which nearly doubles the size of the airline’s maintenance hangar at Phoenix Sky Harbor. The 90,000-square foot expansion adds three new aircraft bays to the facility, allowing the airline to work on up to five aircraft simultaneously and brings more maintenance shops to support the nearly 500 Southwest® Technical Operations Employees based at Sky Harbor. The project also included a larger facility for members of the airline’s Provisioning and Ground Support Equipment Maintenance Teams that opened in 2020.

The expanded hangar has also achieved Leadership in Energy and Environmental Design (LEED) Silver certification. The expansion incorporated sustainable design features including the use of recycled content in over 30% of the building materials; the installation of high-reflectance roof and surrounding paving materials to reduce heat island effect; and the selection of building products from manufacturers with verified environmental performance.

Southwest Airlines® first opened a Technical Operations base at Sky Harbor in 1986. In 1993, the airline moved into a new maintenance hangar facility to support its growth throughout the western half of the United States. Today, the carrier’s Phoenix-based Technical Operations Teams accept new aircraft deliveries to prepare them to enter revenue service and maintain aircraft as part of daily and scheduled maintenance programs.

In addition to Phoenix, Southwest operates hangar facilities in Atlanta, Chicago (Midway), Dallas (Love Field), Denver, Houston (Hobby), and Orlando. Construction is underway on a new hangar facility at Baltimore/Washington International Airport, which is anticipated to open in 2025.

Forward-Looking Statements

Pratt & Whitney expands site at Eagle Services Asia facility in Singapore

February 19, 2024 / WIL BALDWIN

Singapore, February 19, 2024, PRNewswire – (Singapore Airshow) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced the official opening of a 48,000 square-foot expansion of its Singapore based engine center, Eagle Services Asia (ESA). The facility will grow its GTF capacity by two-thirds this year.

The transformative technology insertion applied across both ESA sites integrates robotics, automation and machine learning to increase efficiency, lower stress on machine operators and increase safety for key MRO processes.

These innovations include fully automated high-pressure compressor (HPC) rotor stacking, a Receive-in-Check Cobot that augments the work done by human inspectors and a robotic arm to install and remove HPC bearing sleeves.

ESA, a joint venture between SIA Engineering Company and Pratt & Whitney, is a member of the Pratt & Whitney GTF™ MRO network. Since introducing GTF MRO capability in 2019, the facility has already completed over 500 GTF engine overhauls.

Forward-Looking Statements

AMSL Aero welcomes government support for vertiia aircraft to fight bushfires

February 19, 2024 / WIL BALDWIN

Sydney, Australia, February 19, 2024 – Australian zero emission aircraft designer and manufacturer AMSL Aero today welcomes the Australian Government’s move to back the development of its zero-emission aircraft Vertiia to fight bushfires autonomously in an effective, efficient way that keeps firefighters safer and enables nighttime firefighting.

AMSL Aero will use the A$3 million in funding from the Cooperative Research Centres’ Projects program to develop a remotely piloted version of Vertiia, the world’s most efficient long range zero emissions electric Vertical Take Off and Landing (VTOL) aircraft, that is capable of effectively spraying preventative fire retardant and dropping hundreds of litres of water.

AMSL Aero will work with its partners to develop a method of operating autonomous remotely piloted VTOLs for aerial firefighting, modify a prototype Vertiia for use as zero emissions low-cost firefighting aircraft, meet regulatory requirements, and test the aircraft in regional Australia. Its partners on the project are The University of Sydney, leading robotics company Mission Systems and Australian firefighting aviation operator Pay’s Air Service, which conducts firefighting operations in Australia and Europe every year, including in Greece, where it recently fought fires for NATO.

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