Mumbai, India – A.P. Moller – Maersk (OTC: AMKBY) has the ambition to be Net Zero across business and provide customers with 100% green solutions by 2040. To achieve this goal, there is a strong need to decarbonise logistics at every stage. It is important not only for Maersk to achieve these sustainability goals but for the customers too, who are demanding environmentally friendly solutions that would decarbonise their supply chains.
In September 2022, Maersk unveiled its three-wheeler and four-wheeler EV’s in Mumbai, India and soon rolled them out for its first customer in the NCR region. Since then, the awareness around EV’s that can support distribution logistics in India has risen, and with that has come an unprecedented demand from several customers.
Maersk has recently tied up with a large e-Commerce platform in India to support its distribution requirements with a dedicated fleet of EV’s that range in the capacity of 550 to 700 Kgs with a driving range of over 120 km. Over 200+ vehicles have already been deployed across 15 cities, and more than 300 EV’s.
So far, Maersk’s EV fleet has covered more than 135,000 km. Maersk is also investing in creating a charging network for its fleet of EV’s, including the option to harness solar energy at its own facilities for warehouses across the country.
Arendal, Norway, July 10, 2023: During July, Norse Atlantic Airways (NORSE.OL) recorded an aggregate load factor for the month of 85%, an increase of two per centage points compared to the previous month and the fifth month in row that the company has recorded an increase in load factor. Norse Atlantic Airways operated a total 524 flights, an increase of 173 flights compared to the previous month. 62.5 per cent of operated flights arrived within 15 minutes of the scheduled arrival time. The company operated 100 per cent of scheduled flights for the third consecutive month. Norse Atlantic carried 150,621 passengers in July, an increase of 53,594 compared to the previous month.
Norse Atlantic Airways announced the launch of new direct flights connecting Paris to Miami from 11th December 2023 and Berlin to Miami from 15th December 2023 as part of its upcoming winter schedule. With the addition of these new routes, Norse Atlantic Airways continues to strengthen its position as a leading carrier for European passengers seeking affordable winter sun destinations.
During the month Norse Atlantic surpassed the milestone of one million booked passengers since the launch of ticket sales in April 2023.
Air France-KLM (OTC: AFLYY) today announces that it has entered into exclusive discussions with Apollo Global Management (NYSE: APO) regarding the potential financing of E1.5bn to a dedicated operating affiliate of Air France-KLM. This entity will hold the trademark and most of the commercial partner contracts related to Air France and KLM’s joint loyalty program “Flying Blue”, and will become the exclusive issuer of miles for the airlines and partners.
This financing would be non-dilutive, structured through a quasi-equity instrument, similarly to those raised by Air France on a pool of spare engines in July 2022 and maintenance activity components in July 2023. Under this agreement, Apollo-managed funds would subscribe to perpetual bonds issued by this dedicated operating affiliate of Air France-KLM.
This financing would be accounted as equity under IFRS, allowing Air France-KLM to make a further step towards its commitment to restore its equity and strengthen its balance sheet, aside from net profit generation and/or straight hybrid bonds.
The contemplated structure related to this financing would incur no change on the operation of the program vis-à-vis the Flying Blue members, no change on social aspects nor Air France, KLM or Air France-KLM employee’s contracts.
Air France-KLM would pursue managing and operating its loyalty program and Air France and KLM would keep full ownership rights of the Flying Blue customer database.
Alaska Airlines continues to strengthen its presence at one of the airline’s key hubs in Anchorage with new nonstop service to three “sun and fun” destinations – Las Vegas, Denver and San Francisco – and the expansion to year-round service to a popular fourth destination, Phoenix.
Come this summer, Alaska will fly eight nonstops from Anchorage to these destinations in the Lower 48: Chicago O’Hare, Denver, Las Vegas, Los Angeles, San Francisco, Seattle, Phoenix and Portland. Four of the cities on the West Coast are also Alaska hubs, which allow for improved connectivity for guests traveling to other locations.
The newly announced routes will connect Anchorage to more places that offer warm sunshine, big city vibes and the sky’s the limit on what to do. New service to Las Vegas, Denver and San Francisco begins this summer; the Las Vegas flight will be offered year-round with seasonal flights to Denver and San Francisco. The current seasonal flight between Anchorage and Phoenix will now fly year-round.
The Anchorage-San Francisco flight – first announced in August 2019 – was scheduled to start in April 2020, but it was delayed due to the pandemic.
Tickets for the new routes are now on sale at alaskaair.com.
“The demand for leisure travel in 2021 is beginning to return as our guests look ahead, and we’re offering even more nonstops to take Alaskans to the places they want to go,” said Marilyn Romano, Alaska Airlines’ regional vice president. “We believe our guests will love the convenient nonstops to Vegas, Denver and San Francisco, in addition to our daily nonstop flight to Phoenix that’s now set to fly year-round.”
Start Date
End Date
City Pair
Frequency
Aircraft
May 20, 2021
Year-round
Anchorage – Las Vegas
Th, F, Sa, Su
737
June 17, 2021
Aug. 16, 2021
Anchorage – Denver
Daily
737
June 17, 2021
Aug. 16, 2021
Anchorage – San Francisco
Daily
737
Year-round
Year-round
Anchorage – Phoenix
Daily
737
In addition to Alaska’s continuing commitment to service at Anchorage, the airline partners with non-profit organizations throughout the state focused on helping those impacted by the pandemic. Alaska Airlines and Alaska Air Cargo are currently supporting residents across the state by transporting COVID-19 vaccines, including to some of the most remote communities in the U.S.
“More than 1,800 Alaska Airlines employees call Alaska home, making our connections to the communities we serve here very personal. We’re here in good times and in difficult times,” said Romano. “We’re honored to play our role to make sure this life-saving vaccine gets to the people who need it most as quickly and safely as possible.”
Budapest, Hungary, November 17th, 2020 – The Hungarian Government and Embraer signed today a contract for the acquisition of two new generation multi-mission transport aircraft Embraer C-390 Millennium, in its air-to-air refueling (AAR) configuration, designated KC-390. Additionally, pilots and technicians training as well as other services and support are included in the contract as part of the process to strengthen the Hungarian Defence Forces capabilities specifically on the tactical airlift, AAR and medical evacuation roles as well as in other missions of public interest. Deliveries are scheduled to start in 2023.
“Following the procurement of personnel air transport capabilities in 2018, we will see the arrival of KC-390 aircraft to Hungary in 2023-24, able to deliver large military loads in an operational environment, as well as providing air-to-air refueling services. We are acquiring a multi-role transport fleet for the Hungarian Defence Forces to fulfill the widest possible range of tasks within the national framework, in a sovereign way,” said Gáspár Maróth, government commissioner responsible for defence development.
“We are honored for being selected by the Hungarian Government and the Hungarian Defense Forces to provide the most advanced multi-mission transport aircraft available in the market,” said Jackson Schneider, President and CEO of Embraer Defense & Security. “Hungary is the second European nation and NATO operator to select the C-390 Millennium, a highly capable aircraft that offers excellent productivity through unrivalled combination of speed, payload and rapid reconfigurability for multi-mission operations.”
The KC-390 for the Hungarian Defence Forces will be the first in the world with the Intensive Care Unit in its configuration, an essential feature to perform humanitarian missions. The aircraft fully meets the requirements of the Hungarian Defense Forces, being able to perform different types of military and civilian missions including Humanitarian Support, Medical Evacuation, Search and Rescue, Cargo and Troops Transport, Precision Cargo Drop, Paratroopers Operations and AAR. These KC-390 are fully NATO compatible, not only in terms of its hardware but also in its avionics and communications configuration. Furthermore, the KC-390 probe and drogue refueling system means the aircraft can refuel the Hungarian JAS 39 Gripen as well as other aircraft that use the same technology.
The C-390 Millennium is fully operational and, since receiving its first aircraft in 2019, the Brazilian Air Force has deployed the airlift on several critical missions in Brazil and abroad with greater availability. Also, the Portuguese Government signed a contract for the acquisition of five C-390 Millennium in 2019 that are currently in the production line and will be in service in 2023.
The C-390 is a tactical transport jet aircraft designed to set new standards in its category. Some of the strong aspects of the aircraft are increased mobility, rugged design, higher flexibility, state-of-the-art proven technology and easier maintenance. Flying faster and delivering more cargo, both the C-390 Millennium and the KC-390 variant are the right sized platform for major deployment scenarios. Minimized interventions and on condition maintenance combined with highly reliable systems and components support the reduced downtime and costs, contributing to outstanding availability levels and low life cycle costs.
KiwiRail is taking the next step to procure a new generation of Cook Strait ferries which will increase the capacity on this vital transport link, and increase its resilience.
A Request for Proposal (RFP) to find a preferred shipyard to build two new ships for the Interislander is being issued today, the next step in the procurement process.
“The new ships will strengthen and enhance the vital transport link between the North and South Islands and represent a once-in-a-generation opportunity to transform the Cook Strait crossing,” Group Chief Executive Greg Miller says. The ferries are extensions of State Highway 1 and the Main Trunk Line across Cook Strait, linking road and rail networks between the two islands.
Currently, Interislander operates a fleet of three ferries, moving some 800,000 passengers and up to $14 billion worth of road and rail freight between the North and South Islands each year.
The $400 million contribution in Budget 2020 has enabled KiwiRail to go out to international tender to build the new ships, which are intended to arrive for service in 2024 and 2025. When the ferries are delivered, it will be over 25 years since New Zealand last introduced a brand-new purpose-built ferry to its fleet.
The $400 million towards the ferries and KiwiRail’s infrastructure at the ports in Wellington and Picton builds upon a $35 million-dollar investment in last year’s Budget for ferry design and procurement work.
The two new ferries will be technologically advanced, have significantly lower emissions, a greater carrying capacity – including rail wagons – and provide an enhanced visitor experience, Mr Miller says.
“On behalf of New Zealanders, we are grateful to the Government for enabling this acquisition,” says Mr Miller. “It is exciting to issue this RFP, to move the project forward and to find a shipyard to partner with KiwiRail to deliver the ships to our specifications, quality and timeline requirements.”
“Only overseas shipyards have the ability to build ferries of the size and standard needed for the Cook Strait. However, the project also involves new infrastructure including terminals, linkspans, and marshalling yards which will create numerous Kiwi jobs in Picton and Wellington. Community engagement has already begun in Picton for the proposed new terminal there.
“We are engaging our Interislander staff in the design of the ferries to ensure the ships are not only great for passengers, but also for those who work on them.
“Our new ferries and the associated port infrastructure will provide greater resilience for this crucial link that unites our country and will serve New Zealand for the next generation and beyond.”
The Qantas Group has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it manages through the Coronavirus outbreak.
This debt has been secured against part of the Group’s fleet of unencumbered aircraft, which were bought with cash in recent years. The loan has a tenure of up to 10 years at an interest rate of 2.75 per cent.
This funding increases the Group’s available cash balance to $2.95 billion with an additional $1 billion undrawn facility remaining available.
The Group’s net debt position remains at the low end of its target range, at $5.1 billion, with no major debt maturities until June 2021. In line with the rest of the Qantas debt book, the new funding contains no financial covenants.
With a further $3.5 billion in unencumbered assets, the Qantas Group retains flexibility to increase its cash balance as a prudent measure in the current climate. As previously announced, various steps have been taken to significantly reduce activity levels and costs given the dramatic revenue impact of the Coronavirus pandemic and the related travel restrictions on Jetstar and Qantas passenger services.
Qantas Group CEO Alan Joyce said: “Over the past few years we’ve significantly strengthened our balance sheet and we’re now able to draw on that strength under what are exceptional circumstances. Everything we’re doing at the moment is focused on guaranteeing the long term future of the national carrier, including making sure our people have jobs to return to when we have work for them again.”
Seven of the Group’s 11 wholly-owned Boeing 787-9’s have been securitised against this funding.
Consortium of bidders led by Advent, Cinven and RAG foundation
Sales proceeds pave the way for further transformation of thyssenkrupp
Cash inflow remains within the company
Buyers give far-reaching site and employment guarantees for tk Elevator
Closing and purchase price payment expected by the end of the current fiscal year
Martina Merz: “With the sale of Elevator, thyssenkrupp can pick up speed again. We will reduce the company’s debt as far as is necessary and at the same time invest as much as is reasonable in its further development.”
thyssenkrupp sells its Elevator Technology business entirely to a consortium led by Advent, Cinven and RAG foundation. The respective Executive Board decision was approved on Thursday evening by the Supervisory Board of thyssenkrupp AG. The purchase agreement has been signed. Closing of the transaction is expected by the end of the current fiscal year. The purchase price is €17.2 billion. thyssenkrupp will reinvest part of the purchase price[1] (€1.25 billion) in a stake in the elevator business. The transaction is subject to merger control approvals, although thyssenkrupp does not expect the competent authorities to have any reservations. The proceeds from the transaction will remain within the company and are to be used to the extent necessary to strengthen the balance sheet. Alongside this, the proceeds shall be used to advance the development of the remaining businesses and the portfolio. As announced at the Annual General Meeting at the end of January, thyssenkrupp is proceeding the analysis phase so that a decision on the concrete use of funds can be taken in May.
Martina Merz, CEO of thyssenkrupp AG: “With the sale, we are paving the way for thyssenkrupp to become successful. Not only have we obtained a very good selling price, we will also be able to complete the transaction quickly. It is now crucial for us to find the best possible balance for the use of the funds. We will reduce thyssenkrupp’s debt as far as is necessary and at the same time invest as much as is reasonable in developing the company. With this, thyssenkrupp can pick up speed again.”
The sale of Elevator is a favorable solution not only for the company, its shareholders, customers and employees, but also for the elevator business itself. In the consortium, thyssenkrupp has found new owners for the elevator business who have extensive industrial expertise and offer the workforce a high degree of security. The buyers have a strong track record in profitably growing and nurturing companies to become global champions.
In negotiations with employee representatives and the IG Metall trade union, the buyers have committed to far-reaching site and employment guarantees. In addition, it was agreed that the buyers will continue to manage thyssenkrupp Elevator as a global group. The company will also remain based in Germany and employee co-determination will continue. That means the solution is in line with thyssenkrupp’s understanding of corporate and social responsibility.
“We are not pleased to part with our employees and the elevator business. Nevertheless, today is a good day for everyone involved. With this step, we are opening up real prospects for the future: for the elevator business as an independent company and, with the financial solidity we have gained, also for all other areas of thyssenkrupp,” Martina Merz added.
New Technology Creates Hyper Elevators That Can Go Sideways
4x weekly service from Kuala Lumpur to the “Oasis of Japan” via Taipei
SEPANG, 30 October 2019 – AirAsia today announced a new route from Kuala Lumpur to Okinawa Naha, strengthening its position as the Malaysian carrier with the most connections and capacity in Japan.
The four times weekly service via Taipei commences 22 January 2020 (subject to regulatory approvals), and will be AirAsia’s sixth international destination in Japan, after Tokyo (Haneda and Narita), Osaka, Sapporo, Fukuoka and Nagoya (via Bangkok).
AirAsia X Malaysia CEO Benyamin Ismail says, “Our rapid expansion into Japan continues following the launch of services to Fukuoka and Tokyo Narita earlier this year. Okinawa is an island paradise that offers a different Japanese experience for leisure travellers, including white sandy beaches with clear blue waters, some of the world’s most famous diving spots and unique Ryukyuan cuisine.
“Like Fukuoka, we are building the foundation for more AirAsia flights to serve Okinawa in the near future, strengthening our regional network and allowing more travellers to discover the unique cultural heritage of this amazing destination.”
Members-only fares from Kuala Lumpur to Okinawa Naha start from RM239* one-way on standard seats and RM899* one-way on the award-winning Premium Flatbeds, available on airasia.com from tomorrow 31 October 2019 at 12:00 pm (GMT+8) until 2 November 2019 for travel between 22 January 2020 and 27 March 2020.
Guests from Kuala Lumpur to Okinawa Naha are not required to obtain a visa during their one hour fifteen minutes stopover in Taipei and may return to their seats after clearing a quick security check of their carry-on bags and inflight belongings.
Okinawa is one of Japan’s 47 prefectures comprising 160 islands in the East China Sea. With its unique cultural heritage and local cuisine, Okinawa has long been a holiday destination for the Japanese, while its subtropical climate, coral-fringed waters and relaxed way of life attract throngs of international tourists looking for an alternative to the hustle-bustle of major cities in mainland Japan.
For the latest AirAsia news, activities and promotions, follow AirAsia on Twitter (twitter.com/AirAsia), Facebook (facebook.com/AirAsia) and Instagram (instagram.com/AirAsia).
* Promotional all-in-fares are for AirAsia BIG member only. All-in non-member fares start from RM244 for one-way travel inclusive of taxes. Terms and conditions apply.
