Tag: TAP

Emirates and TAP Air Portugal Sign MOU to Expand Strategic Partnership

March 17, 2021 / WIL BALDWIN

Dubai, UAE, March 2021 – Emirates and TAP Air Portugal has signed a Memorandum of Understanding (MoU) to expand the codeshare partnership currently in place between both airlines. The new agreement will see customers of both airlines benefit from seamless connectivity on many new routes across the Americas, North Africa and East Asia. Emirates and TAP Air Portugal will also explore ways to enhance the co-operation on their respective frequent flyer programmes including reciprocal earning and redemption opportunities and popular benefits such as lounge access.

In addition, both airlines plan on supporting each other’s stopover programmes in Dubai and Lisbon, with Emirates also supporting TAP Air Portugal as it looks at potential expansion opportunities in the UAE.

Subject to required regulatory approvals, the expanded agreement is expected to come into effect from 01 May 2021, will provide customers with seamless booking, ticketing and travel benefits across 70 destinations on both airlines’ networks.

Under the expanded partnership, TAP Air Portugal will place its code on Emirates’ flights to popular East Asia destinations such as Taipei, Tokyo, Osaka, Mumbai, Delhi, Dhaka, Male, Jakarta, Denpasar, Manila, Hanoi, as well as Barcelona, and Mexico City.

Emirates customers will be able to seamlessly access additional domestic destinations in Portugal, as well as TAP Air Portugal’s flights to cities in the USA, Canada, Mexico, Brazil, Senegal, Guinea-Bissau, Guinea-Conakry, Morocco, Tunisia, Gambia, and Cape Verde.

Norwegian Air Shareholders Vote in Favor of Rescue Plan

May 4, 2020 / WIL BALDWIN

OSLO (Reuters) – Norwegian Air <NAS.OL> shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners.

Approval of the scheme is a vital part of the struggling airline’s plan to tap government credit guarantees as it seeks to overcome the coronavirus crisis, which has compounded its already deep financial problems.

Airlines around the world have been hit hard by the impact on travel of the pandemic, with many forced to turn to governments for state aid to avoid bankruptcy.

The airline, which at the end of last year had amassed debts of around $8 billion, said ahead of the meeting that it had won “strong support” from aircraft lessors for its plan.

With 95% of its fleet grounded due to the coronavirus pandemic, Norwegian Air has said it could run out of cash by mid-May unless shareholders supported the plan.

On Sunday it said bondholders had signed up to the plan, which was narrowly rejected in a vote on Thursday.

Norwegian Air said lessors are now willing to convert at least $730 million of debt into equity, up from $550 million earlier, and talks are ongoing for possible further conversion.

“With the significant contributions from lessors and bondholders, the company expects to convert more than 10 billion crowns ($958 million) in debt to equity,” it said.

Based on the results from the shareholders’ meeting, the company will now proceed with the conversion of bonds and lease debt to shares, as well as the public offering of up to 400 million ($38.4 million) from the sale of new stock, it said.

The debt conversion and share sale will allow Norwegian Air to tap government guarantees of up to 2.7 billion crowns, which hinge on a reduction in leverage, on top of 300 million crowns it has already received.

The plan will hand majority ownership to the airline’s creditors and could leave current shareholders with just 5.2%.

The loan could keep Norwegian Air going until the end of 2020, although further cash may be needed as it eyes a gradual ramp-up next year and normalisation in 2022, albeit with a reduced fleet.

Norwegian Air is only paying invoices vital to maintaining minimum operations, such as salaries for staff still employed and critical IT infrastructure. It has put payments for ground handling, debt and leases on hold.

The Oslo Bourse said it had halted trade in Norwegian Air’s shares until the outcome of the vote is presented.

(Reporting by Terje Solsvik; Editing by Christian Schmollinger, Jason Neely and Alexander Smith)

FILE PHOTO: A Norwegian Air plane is refuelled at Oslo Gardermoen airport

New US Airline to make Flying a Breeze

February 10, 2020 / WIL BALDWIN

Written by Chris Frame

Travellers in the US are set to enjoy more choice in the air, with the formal launch of Breeze Airways announced last week.

Previously known by the code name “Moxy”, the new airline is the brainchild of experienced airline executive David Neeleman, who is renowned for having established four successful airlines during his career.

With the experience of establishing the likes of Morris Air, WestJet, Jet Blue and Azul, each of Neeleman’s new entrants are notable for introducing a variety of innovations to the market.

Today considered commonplace; leading customer experience improvements include e-ticketed bookings, inflight TV streaming and the opening up of routes to city pairs previously not served by existing carriers.

Click the link below for the full story!

https://australianaviation.com.au/2020/02/new-us-airline-to-make-flying-a-breeze/

TAP Air Portugal Takes Delivery of its First A321LR

April 8, 2019 / WIL BALDWIN

Lisbon-based TAP Air Portugal has taken delivery of its first of twelve A321LRs on order, becoming the first airline to operate a combined A330neo and A321LR fleet. The A321LR is the world’s most flexible and capable large single-aisle aircraft. Powered by CFM engines, TAP’s A321LR is configured with 171 seats (16 full flat Business, 48 Eco Premium and 107 Ecomomy seats).

The combination of the A321LR and the A330neo within a single fleet provides operators a powerful lever to cover the needs of the medium- to long-haul market. With both newest-generation single-aisle (20% fuel burn reduction) and widebody aircraft (25% fuel burn reduction), airlines benefit from an unrivalled commonality for operations while passengers experience a higher and harmonised comfort standards.

“The A321LR is critical for TAP’s expansion plans. With its superior range we can comfortably explore markets in North America, South America and Africa from Portugal, and it’ll fit in seamlessly with our A330neos,” said Antonoaldo Neves, CEO, TAP Air Portugal. “In North America it allows us to explore markets on the East Coast, such as New York, Boston, Montreal or Washington. In Brazil the A321LR can open new markets in the Northeast and complement existing services to cities like Recife, Natal, Fortaleza or Salvador,” he added. “The aircraft are equipped with the latest-generation full flat business class and high comfort economy seats, a full suite of in-flight entertainment (IFE) and connectivity, as well as free messaging services”.

TAP’s A321LR will be operated on the Lisbon-Tel Aviv route at its entry into service.

“We applaud TAP Air Portugal for becoming the first airline to leverage the benefits of the A321LR and the A330neo in a common fleet. The A321LR and A330neo working in tandem have the middle market segment nicely covered. The ‘Airbus NEO Midsize Aircraft’ – let’s call them the ‘A-NMA’s,’ are a winning, seamless combination – unprecedented capacity and transatlantic range with single aisle cost with the A321LR, and unbeatable unit costs and flexibility for true long haul with the A330neo. Both with the most contemporary technology and cabin comfort in their class,” said Christian Scherer, Airbus Chief Commercial Officer.

TAP currently operates an Airbus fleet of 75 aircraft comprising five A330neo, 13 A330ceo,4 A340s, and 45 A320 Family aircraft. The single-aisle fleet includes 21 A319ceo, 20 A320ceo, four A321ceo, two A320neo and six A321neo.

The A321LR is a member of the A320neo Family, with over 6,500 orders by more than 100 customers. It delivers 30% fuel savings and nearly 50% reduction in noise footprint compared to previous-generation competitor aircraft. With a range of up to 4,000nm (7,400km) the A321LR is the unrivalled long-range route opener, featuring true transatlantic capability and premium wide-body comfort in a single aisle aircraft cabin.

The A330neo is a true new-generation aircraft building on the A330’s success and leveraging A350 XWB technology. It incorporates the highly-efficient new-generation engines, new wings and new sharklets derived from A350 XWB technology.

@TAPAirPortugal @Airbus #A321LR

Story and images from http://www.airbus.com

Austin FC Begin MLS Play in 2021 as league’s 27th club

January 16, 2019 / WIL BALDWIN

Austin FC is set to begin play in MLS in 2021 as the league’s 27th club, commissioner Don Garber announced Tuesday. The club will become the city’s first team in a major professional sports league.

The announcement was made at Rustic Tap in Austin’s West Sixth district, with Garber alongside Austin FC chairman/CEO Anthony Precourt and Austin mayor Steve Adler. The club will soon build a privately funded, $225 million soccer stadium at McKalla Place. Groundbreaking will begin this year on the 20,000-seat stadium, which planned to be completed in time for the club’s first match.

“Austin is a thriving metropolitan city – the personification of what we mean when we say MLS is a ‘League for a new America,’” Garber said in a league release. “We are extremely proud to be the first major professional sports league to become part of the culture of this historic American city. In their support of a world-class soccer stadium that benefits everyone, the leadership of the City of Austin has shown tremendous faith in our league and game, and Anthony Precourt has paved the way for Austin FC to have great success on and off the field. To the people of Austin and the surrounding community, welcome to Major League Soccer.”

Austin FC will become the third MLS club in Texas, joining FC Dallas and the Houston Dynamo. Austin is the country’s 11th largest city and was selected by U.S. News and World Report in each of the last two years as the No. 1 place in the nation to live.

“This is a very proud moment for Precourt Sports Ventures, and we share it with the people of Austin, City leadership, the dedicated soccer fans of the region, and everyone who believed in our mission to bring Major League Soccer to this incredible community,” Precourt said. “The greatest way we can show our gratitude is in our actions as leaders of Austin FC. Our pledge is to build three essential pillars: a team that will be a perennial contender for MLS Cup, a stadium at McKalla Place that rivals the best sporting venues in North America, and a club that will bring people together and always give back.”

Said Mayor Adler: “This is a historic day for Austin, as MLS becomes the first major league to plant roots in our beautiful city. We believe professional soccer will bring a great and especially needed benefit to our city. In two years, this team and an elite soccer stadium will bring together all kinds of people from all over Austin in a way that we do not gather today. This is one important way we become a more socially integrated community. Thank you to Precourt Sports Ventures and MLS for bringing this opportunity to all the residents of Austin!”

Story and image from http://www.mlssoccer.com

Airbus Delivers First A330neo To TAP Air Portugal

November 26, 2018 / WIL BALDWIN

TAP Air Portugal has taken delivery of the world’s first new generation widebody A330neo and, as the launch airline, will be the first to benefit from the aircraft’s unbeatable operating economics, increased range, and Airbus’ new Airspace cabin offering passengers the best in class comfort. The Portuguese carrier will take delivery of a further 20 A330-900s in the coming years.

TAP Air Portugal’s first A330-900 is leased from Avolon. It features 298 seats in a comfortable three-class lay-out with 34 full-flat business class, 96 economy plus and 168 economy class seats. The Airspace by Airbus cabin offers more personal space, larger overhead storage bins, advanced cabin lighting and the latest generation in-flight entertainment system and connectivity. The aircraft will be deployed on routes from Portugal to the Americas and Africa.

“I am delighted to welcome the first Airbus A330-900 into our expanding fleet. Its unbeatable economics and efficiency will power our business forward,“ said Antonoaldo Neves, TAP Air Portugal CEO. “The A330neo will give us a lot of operational flexibility thanks to its commonality with the other Airbus aircraft in our fleet. This aircraft will be the first equipped with the new Airspace cabin, which is a new concept shaped to meet TAP’s ambition to offer the best product in the industry to our passengers,“ he added.

“Handing over the first ever A330neo to a long standing Airbus customer, TAP Air Portugal, is a very important milestone for Airbus,” said Guillaume Faury, President Airbus Commercial Aircraft. “Through continuous innovations, the A330neo, our newest widebody aircraft, will offer maximum value and efficiency to our customers and superior comfort to their passengers. This occasion marks another step forward to meeting our industry’s goal for sustainable aviation,” he added.

The A330neo is a true new generation aircraft building on the A330’s success and leveraging on A350 XWB technology. It incorporates the highly efficient new generation Rolls-Royce Trent 7000 engines, and a new higher span 3D optimised wing with new sharklets fully optimised for the best aerodynamic performance. Together these advances bring a significant reduction in fuel consumption of 25 percent compared with older generation competitor aircraft of a similar size. Moreover, new composite nacelles, a fully faired titanium pylon and zero-splice air inlet technology provide the A330-900 with state-of-the-art aerodynamics and acoustics .

Today, TAP Air Portugal operates an Airbus fleet of 72 aircraft (18 A330s, 4 A340s,and 50 A320 Family aircraft). The single-aisle fleet includes 22 A319ceo, 21 A320ceo and four A321ceo, one A320neo and two recently delivered A321neo.

The A330 is one of the most popular widebody families ever, having received over 1,700 orders from 120 customers. More than 1,380 A330s are flying with over 128 operators worldwide. The new A330neo is the latest addition to the leading Airbus widebody family, which also includes the A350 XWB and the A380, all featuring unmatched space and comfort combined with unprecedented efficiency levels and unrivalled range capability.

@TAPAirPortugal @Airbus #A330neo #TAP330neo

Story and image from www.airbus.com

Airbus To Resume Deliveries To HNA Group

November 26, 2018 / WIL BALDWIN

TOULOUSE, France (Reuters) – Airbus (AIR.PA) is poised to resume stalled deliveries of jets to China’s debt-laden HNA Group, an Airbus schedule showed on Monday, but deliveries of over $1 billion of large jets remain behind schedule after months of wrangling over late payments.

Visitors to an Airbus delivery center in Toulouse on Monday saw at least two Airbus A330 aircraft and one smaller A320-family jet in position for handover to HNA-affiliated airlines. An electronic sign welcomed crew for an imminent A320 delivery.

“Some (HNA) planes will be delivered,” an industry source said.

However, another six A330 aircraft painted in flame-red HNA tail liveries remained parked in long-term storage elsewhere in Airbus’s Toulouse base, according to Reuters journalists, who were attending an event at the facility for the first delivery of the upgraded A330neo version to TAP Portugal.

“Deliveries are ongoing. Contractual terms are confidential,” an Airbus spokesman said, when asked about HNA deliveries.

Companies belonging to the Chinese aviation-to-finance conglomerate delayed payments earlier this year, leading Airbus to suspend deliveries rather than step in to provide delivery financing itself, Reuters reported in July.

Airbus said last month it hoped to resolve by year-end an unidentified commercial issue surrounding current-generation A330 airplanes, which industry sources afterwards linked to the HNA payments stand-off.

Under pressure from Beijing, HNA Group is in the process of selling some $20 billion of assets, according to Reuters calculations and media reports, following a $50 billion acquisition spree.

Airbus aims to deliver a total of 782 aircraft this year including the stored HNA aircraft.

(Reporting by Tim Hepher. Editing by Jane Merriman)

Image from www.hainanairlines.com