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.
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Swedish electric airplane maker Heart Aerospace and Honeywell, a leader in aerospace technology, have announced a collaboration to integrate Honeywell’s next-generation flight control system into the new ES-30 regional electric airplane.
Honeywell International Inc (NASDAQ: HON) was selected by Heart Aerospace for the Joint Definition Phase of Heart’s ES-30 airplane, and the goal, once the phase has been completed successfully, is to fully integrate Honeywell’s compact Fly-by-Wire system into development for production.
Honeywell’s next-generation compact Fly-by-Wire system is in an advanced stage of development on multiple aircraft, and its functions are adaptable to the ES-30, allowing Heart to bring its airplane to market quickly and cost-effectively.
The ES-30 is a regional electric airplane with a 30-passenger standard seating capacity and is driven by electric motors powered by batteries. It will have a fully electric zero-emissions range of 200 kilometers, an extended hybrid range of 400 kilometers with 30 passengers, and flexibility to fly up to 800 kilometers with 25 passengers, all with typical airline reserves.
Heart Aerospace has 250 firm orders for the ES-30, with options and purchase rights for an additional 120 planes.
Saab (SAAB-B.ST) UK’s Sensor Systems business operates from Saab’s site in Fareham, with a team also located in Farnborough. The skilled staff in Fareham primarily produce and integrate the new Deployment Set, a configuration of the Giraffe 1X highly mobile, compact, rapidly deployed, software-based, 3D AESA radar. This increases Saab’s production capacity for its Giraffe 1X Deployment Set and the first units are already in production at the Fareham site.
Saab UK’s Sensor Systems business will also act as a Centre of Excellence developing follow-on UK Intellectual Property in the radar domain. It will also grow to maintain existing radars in-service with the UK Ministry of Defence, such as Giraffe 1X and Giraffe AMB air defence radars and artillery locating MAMBA (Arthur) radars.
Saab UK’s Fareham site has been growing with the announcement in February 2023 of the expansion of its Underwater Systems business of Seaeye autonomous and remotely operated vehicles. Across the UK, Saab has eight principal sites which focus on software engineering, underwater robotics, training services, radars and more.
Saab UK’s presence has been growing at pace, with employee numbers quadrupling through consolidation, acquisition and organic growth, bringing together the best of Swedish and British innovation.
The whole site in Fareham benefits 400 jobs at Saab, in established and future roles across various business activities.
Saab (OTC: SAABF) has received an order from the Swedish Defence Material Administration (FMV) regarding new equipment for Gripen E. This is a supplementary contract to the original Gripen E contract from 2013. The order value amounts to approximately SEK 1.4 billion.
The original contract, regarding development and modification of Gripen E, signed in February 2013, was based on the terms that certain equipment from the existing Gripen C/D fleet within the Swedish Armed Forces should be reused.
Instead of reusing equipment from the Gripen C/D, new equipment is acquired for a part of the total Swedish order of 60 Gripen E aircraft. This approach secures the availability of the Swedish Gripen C/D fleet in service, while Gripen E is being delivered and introduced to the Swedish Armed Forces.
The agreement calls for a phased introduction of Saab (OTC: SAABF) Digital Towers for up to six airports and three centres in Belgium. The framework agreement has a fixed part and a conditional part for a total value of just over 48 million Euro, spread over 18 years. The first phase will cover the airports of Liege and Charleroi and a centre in Namur. Delivery to skeyes will start in 2022, with initial operations to be started in 2024. Aviation is an integrated part of the infrastructure in Belgium, and the Digital Tower programme is a forward looking and innovative way of providing a sustainable service for many years to come, as well as a potential role model for Europe.
SDATS’s digital air traffic control solution is a breakthrough in air traffic control and was introduced during 2015 in Sweden, and has been followed up by others including at Cranfield, London City Airport, in Stockholm with a new Digital Tower centre, and later in 2022 by a Digital Tower centre at Schiphol.
skeyes is a leading and an innovating Air Navigation Service Provider. Saab Digital Air Traffic Solutions AB was formed 2016 as a joint venture between Saab and the Swedish Air Navigation Service Provider (LFV). By combining LFV’s unique operational experience with Saab’s world-class technical solutions, Saab Digital Air Traffic Solutions can manage the entire process from planning and implementation to the administration of air traffic control services. As a provider of both the technology and air traffic control services, the company offers new and sophisticated digital services to airports in Sweden and abroad.
Toulouse, 8 February, 2021 – Russia’s KrasAvia started operating its first two ATR 72-500, the first ATR aircraft ever registered in Russia. Owned by the government of Krasnoyarsk Krai, KrasAvia is an airline based in Krasnoyarsk, the third largest city in Siberia, with a population of approximately 1.1 million people. KrasAvia operates scheduled and charter flights with helicopters and fixed-wing aircraft on regional routes to Russia’s Far North from its Krasnoyarsk hub. The two ATR 72-500 have been purchased second-hand from Swedish lessor Erik Thun and the deal was arranged by Bertrand Lattes Aviation Capital (BLAC).
Air services are crucial to serve the remote regions of Siberia, and their challenging environment requires versatile and reliable aircraft able to take-off and land in extreme cold conditions. The route from Krasnoyarsk to Khatanga, near the Arctic Ocean, is one of the longest scheduled ATR routes (984NM / 1822km) – a four hour flight.
Andrey Egorov, General Director of KrasAvia, declared: “The acquisition of these two ATR 72-500 shows that we are ever more committed to improving our fleet and offering our passengers a smoother flying experience. They will replace our smaller Antonov An-24 and An-26 turboprop, which have reached over 40 years of service. Thanks to the ATR 72-500 versatility and modern and spacious cabin, we will continue to support the connectivity needs of the Siberian communities, with increased seat capacity and higher standards of comfort.”
Stefano Bortoli, Chief Executive Officer of ATR, said: “All regions deserve the same opportunity to be part of a connected world, and ATR aircraft show unrivalled performance in connecting people and businesses responsibly. The entry into service of these aircraft is highly significant, as KrasAvia is the first public airline in Russia to purchase and operate ATR. We are truly glad to see our aircraft continuing to support regional connectivity in the country.”
KrasAvia is the third largest ATR operator in Russia, after UTair and NordStar, which respectively operate a fleet of 15 ATR 72-500 and five ATR 42-500. The total ATR fleet in Russia now totals 22 aircraft, with their operational versatility and reliability being strong assets for their operators, to the benefit of the communities they serve.
The newer ATR-72-500’s are quite the upgrade from the old Antonov AN-24 aircraft!
The Swedish Civil Contingencies Agency (MSB) has exercised an option in their contract with Saab regarding aerial firefighting capability in Sweden. Saab will provide two additional aircraft with associated crew.
The order from March 2020 concerns the capability to fight fires with two bucketing aircraft yearly, from 1 April to 30 September, through 2023. MSB is now exercising the option in the contract for two more aircraft, beginning with the 2021 fire season. This is a resource that will be available both for Sweden and for the EU.
During the past year, Saab has established capabilities in the form of firefighting aircraft of the type Air Tractor AT-802 F and pilot and technician skills, as well as specific permits for operation. During the summer, MSB decided to deploy Saab aircraft and pilots to fight a total of five different forest fires.
“We are proud to be a part of the Swedish national defence system and we are looking forward to expanding our firefighting capabilities with two more aircraft and several pilots. Prompt national responses to forest fires are important,” says Ellen Molin, head of Saab’s business area Support and Services.
The AT-802 F aircraft type is a water-bombing aircraft that can release 35,000-50,000 litres of water per hour in the event of, for example, a forest fire. The firefighting aircraft will be based in Nyköping, where Saab already has aviation operations for, among other things, aerial target services and support for Swedish Coast Guard aircraft. From Nyköping, the aircraft can reach Copenhagen or eastern Finland within 2 hours and Luleå within 3 hours. If necessary, resources can be based at another location with advanced technical and maintenance resources. Rapid response to forest fires is crucial.
Vic Scheibert (l), President of Alaska Operations, Trident Seafoods, and Joe Bundrant, CEO, Trident holding up the first Copper River salmon.
Trident Seafoods, Ocean Beauty Seafoods, Copper River Marketing Association and Tom Douglas partner to salute local medical professionals
Alaska Airlines Captain Brent Carricaburu presenting the first Copper River salmon, which weighed in at 33 pounds.
More than 200 health care workers at Swedish Medical Center – Ballard will be among the first to enjoy the season’s first catch of prized Copper River salmon. Alaska Air Cargo this morning delivered the first catch of fresh, sustainable Copper River salmon to Seattle, which will be delivered to grocery stores across the country.
Helping fishing communities, fisheries and processors like Trident Seafoods, Ocean Beauty Seafoods and Cooper River Seafoods get the coveted salmon to market, often in less than 24 hours from being pulled from the water, is Alaska Air Cargo’s specialty. The airline plays a critical role in the economic vitality of Cordova, Alaska, where more than 50 percent of residents work in the fishing industry.
“Alaska Air Cargo has long been a partner of the Alaska seafood industry,” said Torque Zubeck, managing director of cargo for Alaska Airlines. “Now more than ever, we provide a critical service that directly impacts the economic vitality of the region. In Cordova alone, more than half of residents are directly involved in the fishing industry or related business.”
As a thank you for their efforts on the frontlines of the battle against coronavirus, Alaska Airlines, Trident Seafoods, Ocean Beauty Seafoods, Copper River Seafoods, Copper River Marketing Association and famed Seattle chef Tom Douglas are partnering to provide a delicious meal to health care heroes, and feed the community, while raising money for Food Lifeline.
“I love everything about Copper River salmon,” said chef Tom Douglas. “I love the richness of its delicate flesh and flavor. It’s very short season makes it a true delicacy. I am glad we get to share it with our health care workers and the Greater Seattlecommunity.”
Alaska Air Cargo employees begin to unload 9,000 pounds of Copper River salmon, part of the first shipment to arrive in Seattle.
Douglas will feature salmon donated by the seafood processors and the Copper River Marketing Association to prepare over 200 meals for Swedish Hospital medical professionals working on the frontlines of the coronavirus pandemic. Pilots, flight attendants and management employees from Alaska will be on hand Saturday to deliver the meals and thank workers for their efforts.
“We’re thankful for Alaska Airlines, Copper River Marketing Association, Trident, Ocean Beauty, Copper River Seafoods and especially Tom Douglas for providing our heroic health care workers at Swedish Ballard with the meal today,” said Swedish Ballard Chief Operating Officer Kasia Konieczny. “While this pandemic has been difficult for us all, it is great to see the community coming together, like these partners, to provide for one another.”
On Sunday, May 17, fish lovers are invited to partake in the festivities, while social distancing, of course. For a limited time and while supplies last, Trident and Douglas will be “Grilling for Good.” He and his Serious TakeOut team will prepare grilled Copper River sockeye salmon entrees available for purchase through the Tom Douglas website, with all proceeds donated to Food Lifeline.
Alaska Air Cargo transports more than 30+ million pounds of cargo annually—including seafood, mail and freight —and operates the most extensive air cargo operation on the U.S. West Coast of any passenger airline.
Alaska Airlines and its regional partners serve more than 115 destinations across the United States and North America, providing essential air service for our guests along with moving crucial cargo shipments, such as food, medicine, mail and e-commerce deliveries. With hubs in Seattle; San Francisco; Los Angeles; Portland, Oregon; and Anchorage, Alaska, the airline is known for low fares, award-winning customer service and sustainability efforts. With Alaska and its Global Partners, guests can earn and redeem miles on flights to more than 800 destinations worldwide. Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).
Vic Scheibert (l), President of Alaska Operations, Trident Seafoods, and Joe Bundrant, CEO, Trident holding up the first Copper River salmon.
OSLO (Reuters) – Norwegian Air <NAS.OL> could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday.
If approved by bondholders, leasing companies and shareholders, the plan may help Norwegian survive the coronavirus outbreak, which has grounded 95% of its fleet, leaving just 7 aircraft in operation.
But the planned debt-to-equity swap will hand majority ownership of 53.1% to the company’s lessors, while bondholders would own 41.7%, leaving current shareholders with just 5.2%, it said.
The move would allow Norwegian to tap government guarantees of 2.7 billion crowns ($255 million), which are dependent on the company reducing its ratio of debt to equity, and which would come on top of 300 million crowns it has already received.
It is “critical to get access to the state aid package by mid-May before the company runs out of cash,” Norwegian said in a presentation to investors.
Rapid growth has made Norwegian Europe’s third-largest low-cost airline and the biggest foreign carrier serving New York and other major U.S. cities, but with the expansion came debts and liabilities of close to $8 billion by the end of 2019.
Last week, the company reported that four Swedish and Danish subsidiaries had filed for bankruptcy and that it had ended staffing contracts in Europe and the United States, putting some 4,700 jobs at risk.
Norwegian’s shares opened 8% lower on Monday and are down 86% year-to-date.
The company aims to gradually emerge from the COVID-19 crisis with both a short-haul and long-haul network in place, and is targeting a return to normal operations in 2022, it said.
The plan requires backing from bondholders in each of four separate votes planned for April 30, from shareholders in an extraordinary general meeting scheduled for May 4, and from leasing firms.
It maintained plans to raise up to 400 million crowns in cash from owners.
(Editing by Jan Harvey)
FILE PHOTO: A Norwegian Air plane is refuelled at Oslo Gardermoen airport
FRANKFURT (Reuters) – Swedish carmaker Volvo is suspending production at its factories in Sweden, the United States and Belgium, to curb the spread of the coronavirus, it said on Friday, even as it resumes manufacturing in China where the infection rate has slowed.
Volvo’s Swedish factories in Torslanda, Skovde, Olofstrom, and its U.S. plant in South Carolina will close between March 26 and April 14, the company said. Its plant in Ghent, Belgium has already been temporarily shut down.
“Our primary concerns are the health of our employees and the future of our business,” Chief Executive Hakan Samuelsson said. “I think for the economy, we need to do something drastic, rather then trying half-hearted measures that drag on forever.”
“We are seeing the effect from this coronavirus is increasing every day. We see problems in the logistics supply side,” he told Reuters. “We have to help contributing to social distancing.”
Samuelsson said the financial impact of the shutdown would become clearer when the carmaker published first-half earnings. The company will reduce the working hours of white-collar staff during the factory closures and will take advantage of government incentives, Samuelsson said.
The financial impact on Volvo also depended on how different countries reacted to contain the virus.
“There is a big difference between countries. Some have curfews, with restaurants and schools closed. In other countries there are less drastic measures. I just think we need to synchronise that more.”
(Reporting by Edward Taylor; Editing by Pravin Char)
