Tag: structure (Page 1 of 2)

Amtrak customers now benefit from more flexible and affordable fares

October 27, 2023 / WIL BALDWIN

Washington, D.C. – Based on extensive customer research, and in an effort to better meet customer needs, Amtrak has introduced a new, simplified fare structure with more flexible and affordable options. The simpler fare structure launched this week and builds on other recent improvements Amtrak has made to the booking experience.

The new fare structure reduces fare types from three categories to two and serves to provide a more consistent booking experience with fare types that are clearly differentiated and easy-to-understand:

Flex: For customers who want a more flexible travel option, these tickets are fully refundable if canceled, and can be changed without fees before departure[1].
Value: For customers who know their travel plans and want a more affordable option, these tickets are at a lower price than Flex tickets, non-changeable and receive a 75% refund if canceled.

In addition to simplifying the fare structure, benefits of the new approach also include:

Flex fares will often be available starting at lower prices than previously offered.
Occasional sale fares at an even deeper discount (these will be non-changeable and receive a 50% refund if canceled).
Any refunds of credit card purchases will be made to the original form of payment, rather than as an eVoucher.[2]

These changes to Coach and Acela Business tickets make it easier for Amtrak customers to choose the ticket type that best fits their travel needs. Non-Acela Business and First Class tickets were already fully refundable and changeable with no additional fees. Tickets purchased prior to the launch of the new simplified fare structure remain subject to the fare rules and conditions that were in effect when the ticket was purchased.

Saab receives Carl-Gustaf order from Japan

October 20, 2023 / WIL BALDWIN

SAAB AB (Stockholm: SAABb) has received an order from the Japan Self-Defense Forces, JGSDF, for the supply of the man-portable, multi-role weapon system Carl-Gustaf^®. The order includes over 300 systems and deliveries will take place in 2025.

Carl-Gustaf is a man-portable multi-role weapon system that provides high tactical flexibility through its wide range of ammunition types. It is extremely light-weight, and has established itself as the main shoulder launched weapon in many countries. It has been in use with the Japan Self-Defense Forces since 1979.

Proven to deliver results on the battlefield, Carl-Gustaf provides the effectiveness soldiers need. The wide range of ammunition types for Carl-Gustaf makes it flexible and able to handle any situation, whether it is to defeat an armoured vehicle or structure, or illuminating the battlefield during night operations.

The Carl-Gustaf system has a long and distinguished history, which stretches back to 1948, and is now supplied to more than 40 countries around the world.

Saab receives order for Carl-Gustaf M4 from Australia

July 4, 2023 / WIL BALDWIN

Saab (OTC: SAABF) has received an order from the Australian Department of Defence for the supply of additional Carl-Gustaf® M4 weapons. The order value is SEK 400 million with deliveries during 2024-2025.

The Carl-Gustaf M4 weapons will be delivered with Saab’s new Fire Control Device, FCD 558.

Proven to deliver results on the battlefield, Carl-Gustaf provides the effectiveness soldiers need. The wide range of ammunition types for Carl-Gustaf makes it flexible and able to handle any situation, whether it is to destroy an armoured vehicle or structure, or illuminating the battlefield during night operations.

The Carl-Gustaf system is supplied to more than 40 countries around the world.

Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 19,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.

Boeing to Deliver Additional Chinook Helicopters to U.S. Army Special Operations

November 25, 2021 / WIL BALDWIN

Boeing [NYSE: BA] will build six more MH-47G Block II Chinooks for the U.S. Army Special Operations Aviation Command as part of a $246.48 million contract.

Delivery of these aircraft are scheduled to start in 2023. With this additional order, Boeing is now under contract for 30 MH-47G Block II Chinooks, four of which have been delivered to date.

These aircraft will be the first to include the new Active Parallel Actuator Subsystem (APAS), a mission system that helps pilots execute more difficult maneuvers while improving safety and reliability of flight.

The MH-47G Block II Chinook also features improved structure and weight reduction initiatives like new lighter weight fuel pods that increase performance and efficiency.

Boeing has more than 4,600 Boeing employees in Pennsylvania supporting H-47 Chinook, V-22 Osprey, MH-139A Grey Wolf and a number of services and engineering efforts. Boeing’s presence, including suppliers and vendors, supports an estimated 16,000 total jobs in Pennsylvania.

Frontier Airlines Announces New Crew Base in Tampa and Plans to Establish Atlanta Base

February 4, 2021 / WIL BALDWIN

DENVER – Feb. 4, 2021 – Low-fare carrier Frontier Airlines will establish a crew base at Tampa International Airport (TPA) opening in May 2021. Approximately 250 flight attendants and 140 pilots will be based at TPA this year with that number expected to increase in the future. Additionally, the airline announced its intention to open a crew base at Hartsfield-Jackson Atlanta International Airport (ATL) in late 2021.

“With our low-cost structure and focus on leisure travel, Frontier is exceptionally well positioned to increase operations this year and continue to expand in these two growing markets,” said Barry Biffle, president and CEO, Frontier Airlines. “We anticipate that nearly 400 Frontier crew members will be based in Tampa by the end of 2021. Atlanta is also on the radar for later this year and those details will become more solidified as things progress.”

Both markets have become increasingly important destinations for Frontier with anticipated growth in routes in and out of those cities during the course of 2021. Frontier currently offers nearly 20 nonstop routes from Tampa International Airport and more than 15 nonstop options from Hartsfield-Jackson Atlanta International Airport, with a wide range of additional flight connection opportunities within Frontier’s domestic and international network.

“Any time we add a new crew base, it is an indicator of continued growth for our airline and also welcomed news for our crew members, who gain a new home base option, and local communities that reap the economic benefits,” said Biffle.

Embraer Adjusts Corporate Structure in Response to COVID-19 and Boeing Deal Collapse

September 6, 2020 / WIL BALDWIN

Embraer announced today a 4.5% adjustment to its global workforce, which corresponds to approximately 900 employees in Brazil. The measure stems from the impacts caused by the COVID-19 pandemic on the global economy and the cancellation of the company’s partnership with Boeing. The objective is to ensure Embraer’s sustainability and engineering capacity.

The pandemic particularly affected Embraer Commercial Aviation, which experienced a 75% reduction in aircraft deliveries during the first half of 2020 as compared to the same period last year.

The situation worsened as a result of the duplication of structures associated with the carve out of the company’s commercial aviation business in preparation for the partnership which was terminated at the initiative of Boeing, as well as the expectation that the air transport sector will not recover in the short- or medium-term.

Since the beginning of the pandemic, Embraer has adopted a series of measures to preserve jobs, including collective vacations, reduced working hours, furloughs, paid leave, and three voluntary dismissal plans (VDP). The company has also reduced face-to-face work at its industrial plants with the aim of ensuring the health of employees and business continuity. Around 1,600 employees chose to participate in the VDPs in Brazil.

The company recognizes and appreciates the commitment of those professionals who are leaving the organization and counts on the commitment of all employees to overcome the current crisis and maintain the company’s competitiveness in the global market.

Cathay Pacific Posts Record $1.27 Billion First Half Loss

August 12, 2020 / WIL BALDWIN

Cathay Pacific aircraft are seen parked on the tarmac at the airport, following the outbreak of the new coronavirus, in Hong Kong

SYDNEY (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd reported a record HK$9.87 billion ($1.27 billion) first-half loss and said it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic.

The figure was in line with the HK$9.9 billion forecast it had flagged last month and included HK$2.47 billion of impairment charges.

Revenue plunged 48.3% to HK$27.7 billion in the six months ended June 30 as it slashed passenger flying to a barebones schedule due to lower demand and border restrictions, though it added more cargo-only flights as freight yields rose 44.1%.

The airline, which received a $5 billion rescue package led by the Hong Kong government, has so far refrained from large-scale job cuts but has warned it is reviewing all aspects of its business model with an update expected by the fourth quarter.

“Inevitably this will involve rationalisation of future planned capacity compared to pre-crisis plans, taking into account the market outlook and cost structure at that time,” Chairman Patrick Healy said in a statement on Wednesday.

It has rearranged its aircraft order book with Airbus SE to delay deliveries, is in advanced talks with Boeing Co to do the same and has begun sending one-third of its fleet outside Hong Kong for storage in less humid conditions.

The airline said last month that it had reduced its monthly cash burn to about HK$1.5 billion from between HK$2.5 billion and HK$3 billion while maintaining a minimal flying schedule.

Cathay is expected to report a full-year loss of around HK$13.6 billion, according to the average of 13 analysts polled by Refinitiv before it released its half-year results.

The airline’s shares had surged 9.3% on Wednesday ahead of the earnings announcement, which was made while trading was suspended for the market’s lunch break.

“It is laggard buying on some traditional economy stocks,” Steven Leung, a sales director at UOB Kay Hian, said of the rise.

($1 = 7.7506 Hong Kong dollars)

(Reporting by Jamie Freed; additional reporting by Donny Kwok in Hong Kong; Editing by Himani Sarkar)

Brazilian Airline GOL Says Delta Air Exits Stake

December 11, 2019 / WIL BALDWIN

PRYCBK Delta airlines airplane preparing for landing in the blue sky at day time in international airport

Dec 11 (Reuters) – Brazil’s GOL Linhas Aereas Inteligentes SA said late Tuesday that Delta Air lines Inc has sold more than 32.9 million shares it held in the company, a few months after the Atlanta-based airline announced its decision to exit stake.

Delta’s decision to sell its stake was expected, following its acquisition of a 20% stake in GOL competitor LATAM Airlines Group SA for $1.9 billion in September.

Delta did not immediately respond to Reuters’ request for comment.

The deal with LATAM Airlines was Delta’s largest since it merged with Northwest Airlines a decade ago, and ended the Chilean carrier’s ties with American Airlines Group.

Delta’s deal with Latin America’s largest carrier would give it a bigger footprint in the region, where American Airlines has been leading the charts.

American Airlines confirmed in October it was negotiating a possible partnership with GOL, after a newspaper reported that the two companies were in contact the same day that Delta bought its stake in LATAM.

The structure or content of any potential partnership was unclear, Brazil’s Valor Economico said at the time.

(Reporting by Bhargav Acharya in Bengaluru, Editing by Sherry Jacob-Phillips)

Ryanair German Pilots Vote (99%) For 4 Year Collective Labour Agreement

October 3, 2019 / WIL BALDWIN

Ryanair today (02 Oct) confirmed that its pilots based in Germany have voted by a majority of 99% in favour of a 4 year Collective Labour Agreement (VTV), to cover all Ryanair’s directly employed pilots in Germany until March 2023.

The agreement, negotiated between Ryanair and the pilot union VC, will deliver a new pay structure along with a fixed 5/4 roster. Ryanair and VC have also agreed a Social Plan to govern German base closures or reductions.

FAA Requiring Inspections for Cracks on Some 737 NG Planes

September 28, 2019 / WIL BALDWIN

WASHINGTON (Reuters) – The U.S. Federal Aviation Administration late on Friday said it would require operators of some Boeing 737 NG jetliners to conduct inspections for structural cracks and make repairs as needed following the discovery of cracks on a small number of planes.

The FAA said Boeing notified it of the issue “after it discovered the cracks while conducting modifications on a heavily used aircraft.” Subsequent inspections “uncovered similar cracks in a small number of additional planes.” Boeing said on Friday it has been in contact with 737 NG operators about a cracking issue, but added that “no in-service issues have been reported.”

Neither the FAA nor Boeing immediately said how many planes were impacted by the required inspections.

The 737 NG, or Next Generation, was introduced in 1997 and is the third generation version of the best-selling Boeing airplane. The 737 MAX, which was grounded in March after two fatal crashes in five months, is not affected by this issue, Boeing said.

The FAA said it would ask operators of the NG to “report their findings to the agency immediately” after completing inspections. Boeing said “over the coming days, we will work closely with our customers to implement a recommended inspection plan for certain airplanes in the fleet.”

KOMO News reported on Friday the issue involved cracked “pickle forks” in some 737 NG jets. The pickle fork attaches the plane’s fuselage, or body, to the wing structure and manages forces. A failure of the part in flight could pose a serious risk. KOMO said workers found a severely cracked pickle fork on a Boeing 737NG earlier this month.

(Reporting by David Shepardson; Editing by Leslie Adler and Sandra Maler)

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