Tag: trade (Page 1 of 6)

Vietjet adds flights to Chengdu China

January 28, 2024 / WIL BALDWIN

Ho Chi Minh City, January, 2024 – Vietjet continues to expand its international flight network with the new route between Ho Chi Minh City and Chengdu, China. The combination will help contribute to promoting trade and tourism between the two cities and two countries, Vietnam and China.

To celebrate the New Year 2024 and the new route Ho Chi Minh City – Chengdu, Vietjet offers thousands of VND0 (*) tickets for passengers who book tickets from today on www.vietjetair.com or the Vietjet Air mobile app with the flight period from February 10, 2024 to March 30, 2024.

Visiting Chengdu, tourists have opportunities to explore the vibrant Chinese culture with famous attractions such as Jinli Ancient Street, Anshun Bridge, Chengdu Research Base of Giant Panda Breeding, or easily come to Jiuzhaigou – a world heritage site recognized by UNESCO, etc. Meanwhile, Ho Chi Minh City is a bustling economic hub of Vietnam with various options traveling in Vietnam and the region via Vietjet’s flight network.

Lufthansa launches direct flights from Hyderabad to Frankfurt

January 19, 2024 / WIL BALDWIN

Furthering its commitment to India and enhancing its presence on the subcontinent, Deutsche Lufthansa AG (Xetra: LHAG) German Airlines is pleased to announce direct services from Hyderabad, capital of the Indian state of Telangana and Frankfurt, Germany.

Once known as the City of Pearls due to its historical significance in the pearl and diamond trade, Hyderabad has long been a hub for merchants and traders from all over the world. Today, Hyderabad is India’s 4th largest city, an emerging technological, aerospace and Indian pharma hub, with a strong presence of major multinational companies including Google & Microsoft as well as Boeing & Airbus. As a growing capital city in a prosperous state, both Hyderabad and the State of Telangana have contributed to the economic success of India today. An investment hub as well as a centre for innovation, Hyderabad combines the old-world charm of its rich history with the dynamism of 21st century India.

As the leading European carrier in India, Lufthansa now operates direct connections from Germany to 5 destinations in the country with Hyderabad-Frankfurt being the latest addition to its global network. As the fastest growing major market for Lufthansa globally, capacity growth in India exceeds pre-pandemic levels.

Forward-Looking Statements

This press release may 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.

A.P. Moller – Maersk expands global air freight services with Los Angeles air cargo gateway

October 4, 2023 / WIL BALDWIN

Los Angeles, California, October 3, 2023 – A.P. Moller – Maersk A/S A (Copenhagen: MAERSKa) has inaugurated a new 130,000 square foot air freight import/export gateway near Los Angeles International Airport (LAX) that offers direct planeside recovery with immediate unit load device (ULD) transfers. The west coast facility complements Maersk’s growing north American network of air cargo gateways, including Atlanta and Chicago which have been stood up in the last 12 months.

The new facility is just 15 miles from LAX and less than nine miles from the Port of Long Beach. Site staffing will be in place for the conduct of customs brokerage, commercial sales, and freight operations such as LCL transload. This site is U.S. Customs bonded Container Freight Station (CFS) and a U.S. Transportation Security Administration (TSA) Certified Cargo Screening Facility (CCSF). This ensures timely and secure air freight handling. The facility is scheduled to attain Free Trade Zone status in 2024 to benefit from lower duties, reduced processing fees, and faster movement of goods.

The opening of the Los Angeles facility is the latest step in Maersk’s North American air freight capacity expansion program that extends across strategic cargo entry points and is aligned to customer demand. The new capacity allows for more supply chain integration opportunities and better scaling to care for seasonal peaks as well as market driven volume spikes for breakout product launches.

LAX is one of the busiest airports in the world for both passenger traffic and cargo handling and is a major gateway between the U.S. and the Asia-Pacific region. According to Los Angeles World Airports, LAX ranks among the top 5 airports in the U.S. by tonnage. Los Angeles is a leading high-technology center for the nation in the entertainment, electronics, biomedical, computers, and aerospace industries.

Embraer and Scoot sign pool agreement for E190-E2 fleet

September 26, 2023 / WIL BALDWIN

Singapore, September 26, 2023 – Embraer (NYSE: ERJ) announced that it has signed a Pool Program services agreement with Scoot [Singapore Airlines Ltd (OTC: SINGF)] to support the airline’s incoming fleet of nine E190-E2. The Pool Program provides access to component exchanges and repair services for more than 300 repairable parts to support Scoot’s Embraer aircraft, allowing the airline to minimize their upfront investment in high-value repairable inventories and resources, while taking advantage of Embraer’s technical expertise along with its vast component repair service provider network. Currently, the Pool Program supports more than 60 airlines worldwide.

The E190-E2 jet is the world’s most efficient and quietest single-aisle aircraft and the first batch of E190-E2 will be delivered to Scoot in 2024. In addition to the Pool Program, Scoot’s operations will benefit from the AHEAD (Aircraft Health Analysis and Diagnosis) which comprises early detection capabilities for critical systems, reducing technical interruptions and avoiding flight cancellations; the eSight, with real-time fleet performance monitoring.

Singapore is the nerve centre for Embraer’s services and support Asia Pacific operations. In addition to personnel based in Singapore, the Company has a Regional Distribution Centre within Changi Airport’s free trade zone. Recently, Embraer and CAE announced the establishment of a state-of-the-art E2 full flight simulator and pilot training program in Singapore which will commence in 2023. The full flight simulator will be based at the Singapore-CAE Flight Training Centre located at SIA Training Centre.

South African Airways Deepens footprint in the USA and Canada

August 6, 2023 / WIL BALDWIN

Johannesburg, August 6, 2023 – South African Airways (SAA) is expanding its reach into North America through the appointment of a General Sales Agent (GSA) for the region. The appointed agent, Discover the World (DTW) will sell passenger space on behalf of South Africa’s national flag carrier.

This partnership is expected to see the airline grow revenue across North America by raising awareness with more trade and corporate partners.

SAA’s Chief Executive Officer, Prof. John Lamola said the move is part of the airline’s long-term growth strategy that is yielding fruit. Prof. Lamola says activating the partnership with DTW in North America is another strong sign that the airline is regaining its international stature.

Fiji Airways’ begins flights to Canberra Australia

July 23, 2023 / WIL BALDWIN

July 21, 2023 – Australia’s Capital, Canberra has become the newest destination to join Fiji Airways’ comprehensive network of direct international destinations with the inaugural flight departing Nadi this morning. The National Airline now offers twice weekly flights, marking an exciting development for both countries, strengthening tourism, trade, people-to-people connections, government relations, and cargo transportation.

Company Managing Director and Chief Executive Officer Mr Andre Viljoen says with its world-renowned hospitality and award-winning service, Fiji Airways is set to deliver an Exceptional Fijian Experience to guests flying between these two vibrant destinations.

The direct flight offers a seamless transport link for the exchange of goods and services, enabling businesses to expand their markets and explore new trade opportunities. This will strengthen trade flows, benefitting businesses engaged in import and export activities, and further promoting economic collaboration.

Maersk expands its global air freight services with new Atlanta strategic air cargo hub

July 19, 2023 / WIL BALDWIN

Maersk (OTC: AMKBY) is strengthening our promise to customers of integrated, end-to-end logistics solutions by growing our air freight services in a strategic transportation hub. The new Atlanta facility enhances our offering, providing customers with superior supply chain flexibility supported by our expanded regional capabilities in warehousing and transportation. We will be able to leverage this connectivity to bolster our air freight network across North America, Europe, Asia Pacific, and the world.

Located in Atlanta Tradeport’s Foreign Trade Zone, the new air cargo facility enjoys lower duties, reduced processing fees, and quicker movement of goods from the port of Savannah. The site is located just two miles from Atlanta Hartsfield-Jackson International Airport and has direct access to interstates I-75 and I-285.

The new Atlanta facility builds on several initiatives designed to bolster Maersk’s air freight services in North America. The company recently opened a new Chicago air freight gateway facility to add more supply chain integration opportunities for customers using Chicago O’Hare International and Rockford International. Prior to that, Maersk also launched a new air freight service with regular flights between South Carolina, Korea, and China operated by Miami-headquartered cargo airline Amerijet International.

Air Inuit Ratifies Agreement to Acquire Three Boeing Next Generation 737-800 Aircraft

July 9, 2023 / WIL BALDWIN

Fleet Modernization

Air Inuit Ratifies an Agreement to Acquire Three Boeing Next- Generation 737-800 Aircraft to Better Serve the People of Nunavik and Beyond

Saint-Laurent, QC, July 3, 2023 – Air Inuit today announced the ratification of an agreement for the acquisition of three Boeing Next-Generation 737-800 aircraft to be added to its fleet as part of its mission to provide world-class passenger and freight service to the people of Nunavik, its Network and beyond. The aircraft will be customized using Air Inuit’s innovative combi configuration solution to provide safe and comfortable passenger service and reliable freight delivery simultaneously.

“The addition of these aircraft to our fleet enhances our capacity to efficiently transport passengers and deliver essential cargo to the communities we serve,” said Christian Busch, President and CEO of Air Inuit. “Acquiring these modern aircraft also supports our airline’s goal of reducing carbon emissions and doing our part in the fight against climate change.”

By eventually replacing the venerable Boeing 737-200 aircraft currently in service, fuel emissions will be cut by nearly 40 per cent.

The three Boeing Next-Generation 737-800 aircraft will be fitted with main deck cargo doors to meet requirements at hubs across Nunavik and beyond, which in turn service each of the communities of Air Inuit’s network.

This addition to Air Inuit’s fleet marks a milestone for the airline which was founded in 1978. “We can all be proud of this vital service which is celebrating 45 years of operation in 2023. Once again, Air Inuit is demonstrating leadership as it grows and adapts to the changing needs of the communities it serves,” said Noah Tayara, Executive Chairman of Air Inuit.

“The modernization of Air Inuit’s fleet is part of a broader initiative to fulfil its mission as an instrument of economic and social development which is wholly owned by the Nunavik

Press Release For Immediate Release

people,” said Pita Aatami, President of Makivik Corporation. “This is made possible thanks to important investments by the Inuit of Nunavik.”

The introduction of the three new aircraft will take place gradually over the next 24 months. This fleet modernization project and the growth of the region will require important governmental investments to upgrade Nunavik’s airstrips. Discussions are currently underway with stakeholders to ensure this vision is developed in accordance with the priorities of community members. Further details will be provided in the coming months.

About Air Inuit

Founded by the Inuit of Nunavik in 1978, Air Inuit, a wholly owned subsidiary of Makivik Corporation, was created to provide air connections between Nunavik’s 14 coastal villages and the South, to promote trade and to preserve Inuit culture. With more than 1,000 employees and a fleet of 30 aircraft, the Company is also committed to the development of this immense territory and the prosperity of its people by providing support to various community organizations, cultural events, educational and sports programs, as well as the implementation of employment access programs for Inuit people.

MEDIA INQUIRIES:

Tim Duboyce
Massy Forget Langlois Public Relations c: 514 604-9282
tduboyce@mflrp.ca

6005 boul de la Côte-Vertu Saint-Laurent (QC) H4S 0B1 airinuit.com

The Helicopter Company Expands Airbus Helicopter Fleet with Order for 26 aircraft

December 6, 2021 / WIL BALDWIN

Jeddah, Saudi Arabia – The Helicopter Company (THC), established by the Public Investment Fund (PIF) as the first and only helicopter services provider licensed to operate commercial flights in the Kingdom of Saudi Arabia, today announced that it has signed a second purchase agreement with Airbus (OTC: EADSY) Helicopters.

The agreement was signed by Raid Ismail, Chairman of the Board of THC and Bruno Even, CEO of Airbus Helicopters, in the presence of His Excellency Khalid Al Falih, Minister of Investment and His Excellency Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness.

The partnership will contribute to the ongoing expansion of THC’s regional fleet ahead of announcing an exciting new journey as a General Aviation champion, with twenty orders of the newly launched five bladed H145 and six ACH160 models. All aircraft feature cutting-edge technologies and biofuel-compatible engines, marking a significant milestone in developing alternatives to conventional aviation fuels and achieving decarbonization of helicopter flights.

Launching its services in 2019, THC was established by PIF as part of its strategy to activate new sectors in Saudi Arabia that support the realisation of Vision 2030 and generate long-term commercial returns, while meeting the growing demand for luxury tourism and air travel services. THC previously signed an agreement to buy 10 Airbus H125 helicopters to increase access to domestic tourism destinations and provide services such as filming and aerial surveying – and is now further expanding its services with the addition of the H145 and H160 to its fleet.

The purchase agreement forms part of THC’s ongoing strategic regional alliances with industry leaders, including a recent partnership with The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project. The contract for the provision and operation of a twin engine helicopter, crew and maintenance technicians, facilitates TRSDC emergency medical services (EMS) with alternate configuration change capability for passenger utility transport at TRSDC’s site on the west coast of Saudi Arabia.

Boeing Reports Second Quarter Results

July 28, 2021 / WIL BALDWIN

The Boeing Company [NYSE: BA] reported second-quarter revenue of $17.0 billion, driven by higher commercial airplanes and services volume. GAAP earnings per share of $1.00 and core earnings per share (non-GAAP)* of $0.40 primarily reflects higher commercial volume and lower period costs (Table 1). Boeing recorded operating cash flow of ($0.5) billion.

“We continued to make important progress in the second quarter as we focus on driving stability across our operations and transforming our business for the future,” said Boeing President and Chief Executive Officer David Calhoun. “While our commercial market environment is improving, we’re closely monitoring COVID-19 case rates, vaccine distribution and global trade as key indicators for our industry’s stability. As we continue to position for a robust recovery, we remain committed to safety and quality, while investing in our people, products and technology. I am proud of our team’s resilience and commitment as we work to rebuild trust, improve our performance and deliver for our commercial, defense, space and services customers.”

As part of Boeing’s ongoing focus on global sustainability, the company published its first integrated Sustainability Report in July. “This was an important step in our continued efforts to reinforce our Environmental, Social, and Governance principles,” Calhoun said.

Click the link below to read the full press release!

https://boeing.mediaroom.com/2021-07-28-Boeing-Reports-Second-Quarter-Results

Archives