Tag: term (Page 1 of 5)

HEINEKEN picks Siemens for decarbonization program

January 16, 2024 / WIL BALDWIN

HEINEKEN, the world’s most international brewer, has selected Siemens as a partner for its global Net Zero Production roadmap, as part of HEINEKEN’s ambitions to reach net zero in Scopes 1 and 2 across all production sites by 2030.*

Siemens and HEINEKEN will work together on a long-term decarbonization program which will see Siemens implementing solutions and services from its Siemens Xcelerator portfolio, to reduce energy usage at more than 15 HEINEKEN beer and malt production sites, spanning facilities across Asia-Pacific, the Americas and Europe. Additional sites will be added in a second phase.

HEINEKEN and Siemens collaborated on an initial project of consulting, auditing, and advisory services, using an energy digital twin to simulate and analyze a typical HEINEKEN brewery in the virtual world, identifying where significant energy savings could be made. The simulation showed approximately 70 percent of energy use was linked to the generation of heating and cooling necessary for the brewing process. By optimizing and monitoring these cooling and heating systems through an end-to-end program, Siemens estimates energy savings of between 15-20 percent at each site, and an average CO2 reduction of 50 percent at each site.

Pratt & Whitney receives contract for TF33 engines powering B-52 and E-3 aircraft

November 16, 2023 / WIL BALDWIN

East Hartford, Connecticut, November, 2023, PRNewswire – Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded a long-term TF33 engine sustainment contract valued up to $870 million by the Defense Logistics Agency. The TF33 engine provides power to a wide range of aircraft, including the Boeing (NYSE: BA) B-52 Stratofortress and E-3 Sentry.

This agreement is a culmination of the Defense Logistics Agency’s decades-long partnership with the 448^thSupply Chain Management Wing, Tinker Air Force Base, Okla., and Pratt & Whitney to establish a holistic sustainment solution. This first-of-its-kind approach will reduce obsolescence, supporting the U.S. Air Force’s wartime readiness today and into the foreseeable future.

Under this contract, Pratt & Whitney will provide comprehensive engine sustainment services for a global fleet of nearly 1,000 engines over a six-year period, with an option of extending for another four years. Services under this contract include maintenance, spare parts, program management, field service, repairs and engineering support.

Sustainment work will run through April 2034 at Tinker Air Force Base, Oklahoma, additional U.S. Air Force locations, and Pratt & Whitney’s Southern Logistics Center located in Atlanta, Georgia.

Forward-Looking Statements

This press release 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.

Air Lease Corporation announces Boeing 737-8 aircraft lease placement with LOT Polish Airlines

November 2, 2023 / WIL BALDWIN

Los Angeles, California, November 1, 2023, Business Wire – Air Lease Corporation (NYSE: AL) announced long-term lease placements for two new Boeing 737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to deliver to LOT in mid-2024, and will add to the 11 Boeing 737-8s and one 787-9 Dreamliner aircraft already on lease from ALC.

Forward-Looking Statements

Air Lease Corporation announces Airbus A330-200 placement with HiSky

September 19, 2023 / WIL BALDWIN

Los Angeles, California, September 18, 2023, Business Wire – Today Air Lease Corporation (NYSE: AL) announced a long-term lease placement for one Airbus A330-200 aircraft with HiSky. Scheduled to deliver to the European carrier in 2023, this A330-200 aircraft joins one A319-100, four A320-200s and two A321-200neo LR aircraft currently on lease to HiSky from ALC.

“We are pleased to continue our support of HiSky Europe with the lease of this first widebody aircraft to the airline,” said David Beker, Senior Vice President, Marketing and Head of Aircraft Sales & Trading at Air Lease Corporation. “After two and a half years of steady and successful growth with their all-ALC narrowbody fleet, HiSky came to us ready to launch widebody operations and ALC is delighted to provide high-quality aircraft that will enable the carrier to realize their commercial objectives.”

“Over the past two years, we’ve experienced consistent growth that has brought us to this pivotal moment—the moment when we are prepared to acquire our first widebody aircraft. We’ve now become the fourth-largest air carrier at Romania’s primary airport and the largest operator of Airbus aircraft registered in Romania. Our partnership with ALC has undeniably proven to be a successful one. The aircraft they have provided us have been instrumental in helping HiSky achieve record-breaking passenger levels during this summer season. Having accomplished all the goals we set for ourselves over the years, we’re profoundly grateful for the trust and support of our partners as we embark on this exciting new venture,” said Iulian Scorpan, CEO of HiSky.

Forward-Looking Statements

Rex Group member to take delivery of 9th De Havilland Dash 8-400NG

August 29, 2023 / WIL BALDWIN

National Jet Express (NJE), a member of the Rex Group, will shortly take delivery of another De Havilland Dash 8-400NG ‘Next Generation’, fitted with 82 seats.

This will be the ninth Dash 8-400NG to join the NJE fleet and the second to be deployed to support and grow NJE’s long term contract with BHP Mitsubishi Alliance (BMA) after starting operations for the mining giant on 1 July, 2023.

It will enter service in October and operate additional flights to the mining community of Moranbah in the Bowen Basin, 1000 kilometres north of Brisbane.

NJE is also in the advanced stages of negotiation for two further contracts in the mining and construction industries, which are expected to see Dash 8-400NG services expand across other areas of Queensland.

Air Lease Corp. announces $300 million deal for Five Boeing 737 Aircraft with Royal Air Maroc

August 22, 2023 / WIL BALDWIN

Los Angeles, California, Business Wire – Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800. The new aircraft are scheduled to deliver to the Moroccan flag carrier in 2024 from ALC’s order book with Boeing. These new contracts are augmenting already placed ALC owned aircraft operated by RAM.

Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. ALC and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the “Investors” section of its website at www.airleasecorp.com. Investors and potential investors are encouraged to consult Air Lease Corporation’s website regularly for important information. The information contained on, or that may be accessed through, ALC’s website is not incorporated by reference into, and is not a part of, this press release.

Heart Aerospace Selects Garmin G3000 Flight Deck for First All-Electric Airliner

December 14, 2021 / WIL BALDWIN

OLATHE, Kansas/Business Wire – Garmin^® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), has announced a long-term agreement with Heart Aerospace to provide the state-of-the-art Garmin G3000^®integrated flight deck for the ES-19 electric airliner. Heart Aerospace is working to develop the new ES-19, a 19-seat electric airliner that has the potential to provide the regional air transport market with a more sustainable and environmentally friendly aircraft option as early as 2026. Additionally, United Airlines has conditionally agreed to purchase 100 ES-19 aircraft once the aircraft meets United’s safety, business and operating requirements.

The modular Garmin G3000 integrated flight deck boasts lightweight and vibrant high-resolution flight displays that support navigation, communication and flight sensor solutions and integrates seamlessly into the ES-19 aircraft systems. Specifically tailored to meet the needs of electric aircraft, the G3000 system that will be featured in Heart Aerospace’s ES-19 delivers enhanced capabilities to optimize the aircraft’s electric drive train and battery management systems. The G3000 is architected to provide the ability to efficiently facilitate future system upgrades as the electric aircraft industry continues to evolve.

Heart Aerospace is an electric airplane company headquartered in Gothenburg, Sweden, developing the ES-19, a nineteen-passenger regional aircraft driven entirely by batteries and electric motors. The first ES-19 is scheduled to enter into service by 2026. The first-generation aircraft will have a maximum range of up to 250 miles using lithium-ion batteries. The ES-19 will have zero operational emissions and offer significantly lower operating costs compared to similar sized gas-turbine aircraft. The ES-19 aircraft will also be quieter than its turboprop counterparts, with less vibration and noise, making it ideal for the development of short-range regional air travel.

Lufthansa Group Successfully Secures Further Liquidity on the Capital Market

November 10, 2021 / WIL BALDWIN

Third corporate bond of 1.5 billion euros issued in 2021
Lufthansa Group takes advantage of favorable market conditions
Placement with two maturities of two and five-and-a-half years complements Lufthansa Group’s maturity profile

Deutsche Lufthansa AG (OTC: DLAKY) has again successfully issued a bond with a total volume of 1.5 billion euros. The bond, with a denomination of 100,000 euros, was placed in two tranches with terms of two and five-and-a-half years respectively. The tranche with a term until 16 November 2023 has a volume of 600 million euros and bears interest of 1.625 percent per year. The tranche with a term until 16 May 2027 has a volume of 900 million euros and bears interest of 2.875 percent. The two tranches over two and five-and-a-half years fit perfectly into the Group’s maturity profile.

Remco Steenbergen, Chief Financial Officer of Deutsche Lufthansa AG, stated: “The long-term funds, which were again raised at attractive terms, will be used to further strengthen the Lufthansa Group’s liquidity and refinance existing debt. This placement is one of several successful capital market transactions that we have executed since the end of last year and will further contribute to the full repayment of the government stabilization measures in Germany.”

First Qantas A380 to Land Back in Australia Today

November 9, 2021 / WIL BALDWIN

A familiar and hard-to-miss sight will return to Australian skies today with one of the Qantas (OTC: QABSY) iconic A380 aircraft set off to land back in Sydney, 593 days after it departed Australian shores.

Hudson Fysh, named after one of Qantas’ founders, is expected to touch down at Sydney Airport around 3.00pm more than 19 hours after it departed Dresden, Germany. The aircraft recently underwent scheduled maintenance for a new landing gear, after spending the best part of two years in storage during the COVID-19 pandemic.

Its early return comes as the airline gears up for the first two of the superjumbos to return to service in April 2022, following strong demand for international travel, particularly on key routes to Los Angeles and London.

Qantas has taken close to half a million domestic bookings in the past two weeks, compared with around 20,000 in a two-week period in August.

Jetstar’s recent international sale saw 75,000 seats sold in 72 hours.

Demand for seats on Qantas’ London to Sydney service has been extremely strong, with Aussies reuniting with family and friends in time for Christmas and more flights added as a result.

Originally expected to remain in long term storage in the Californian desert until the end of 2023, Qantas has since announced that five A380s with upgraded cabins would return ahead of schedule with two to operate flights to Los Angeles from April 2022 and three to operate flights to London from November 2022.

The airline is now working to further accelerate the return of the A380s, with superjumbo flights to London brought forward to July 2022. In addition, a sixth aircraft will arrive before the end of calendar year 2022, with the remaining four A380s expected to return to service by early 2024.

Hudson Fysh will undergo additional maintenance checks in Australia before taking to the skies again in coming weeks as part of crew training.

Embraer Opens an Office in Hungary

August 29, 2021 / WIL BALDWIN

Embraer announced today the opening of an office in Budapest, the capital of Hungary. The main objective is to foster cooperation in Hungary, which could result in future developments under new partnerships. The office also creates an administrative hub for projects development in Central and Eastern Europe.

This initiative is part of Embraer’s strategy to establish new partnerships in select markets. Some of the key aspects of this future cooperation are the collaborative efforts with new partners, long-term projects, and investment in reliable dual-use technology.

The office will employ Hungarian personnel, administrative and engineering staff that will work in close cooperation with Embraer’s teams in Brazil.

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