Doha, Qatar – Qatar Airways, the Global Partner and Official Airline of F1®, in partnership with Qatar Airways Holidays, announced today the launch of its fan packages for the upcoming FIA Formula One World Championship™. The packages allow fans travelling from more than 40 countries to be up-close to high-octane action and enjoy unique experiences.
From the beginning to end of their journey, the packages are designed for fans to enjoy a seamless motorsport extravaganza, with the inclusion of return flights, hotel accommodation, F1® Paddock Club or Grandstand race tickets, and return airport transfers for all global races (excluding Qatar). Packages are available for purchase at: qatarairways.com/f1.
This year, fans are also encouraged to experience guided track tours, pit lane walks and more with the F1® Paddock Club™ packages, featuring savings of up to 20 per cent on global race packages. One of the best spots to watch the action, offering world-class cuisine and free-flowing beverages, the Paddock Club™ is the pinnacle of F1® hospitality. In addition, Qatar Airways Privilege Club members can collect Avios and Qpoints on all fan packages, accumulating rewards to use towards future travel and experiences while helping them retain and quickly reach their next tier. Members can also purchase their package using Cash + Avios.
Rolls-Royce Holdings PLC (London: RR) today announces it has signed a Letter of Intent for a TotalCare® maintenance agreement with Taiwanese airline EVA Air for 36 Rolls-Royce Trent XWB-97 engines that will power 18 new Airbus A350-1000 aircraft. The agreement provides the airline with predictability as well as a known cost for the services and maintenance of the fleet.
This will be the first time EVA Air includes the Rolls-Royce Trent engine in its fleet. Rolls-Royce is delighted to welcome EVA Air as a new customer.
TotalCare is designed to provide operational certainty for customers by transferring time on wing and maintenance cost risk back to Rolls-Royce. This industry-leading premium service offering is supported by data delivered through the Rolls-Royce advanced engine health monitoring system, which helps provide customers with increased operational availability, reliability and efficiency.
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.
Prestwick, Scotland, Business Wire, Spirit AeroSystems (Europe) Limited (UK), a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR], has successfully delivered the first set of new advanced composite spoilers to Airbus for the A320 Family. The spoilers are produced using Spirit’s pioneering Resin Transfer Moulding (RTM) technology and are the first to feature on a flying aircraft.
The redesigned spoiler is produced using a highly-automated advanced manufacturing, out-of-autoclave process, resulting in significantly improved manufacturing efficiencies, and reduced energy and costs compared to the original, more traditional design. Spirit is the first to industrialize this innovative composite technology in the UK aerospace sector.
The spoilers are produced in Spirit’s world-class manufacturing facility in Prestwick, Scotland, using the latest automation and robotics, which included investment from the Scottish Government in the development of the technology. Such cost-effective technologies and manufacturing processes will play a central role in the development of the next generation of aircraft programs, and help Spirit increase its competitive advantage in advanced manufacturing.
Austrian Airlines has found a buyer for the three long-haul aircraft that were up for sale. The Boeing 767-300ER aircraft will go to the U.S. company MonoCoque Diversified Interests. The purchase agreement has already been signed. The parties have agreed not to disclose the purchase price. The first aircraft, registered OE-LAT, will leave Vienna at the beginning of March for Pinal Airpark, Arizona. The aircraft is currently undergoing all the necessary preparations for the handover. The next transfer flight is scheduled for May with the Boeing 767 registered OE-LAX.
“Being able to sell all three Boeing 767’s to one buyer is very gratifying and a big step for our fleet transition”, says Austrian Airlines CEO Alexis von Hoensbroech. “I would like to thank MonoCoque Diversified Interests for the good negotiations and our team for their great commitment.”
“MDI is excited to continue the growth of its passenger and cargo aviation portfolio with the addition of three 767-300ERs”, adds MDI’s manager Mary Alice Keyes. “It has been a pleasure to work with Austrian Airlines, a group with a long history and outstanding pedigree.”
At an average of 28.5 years, the three 767’s sold are among the oldest aircraft in the Austrian Airlines fleet. The remaining three 767’s are between 20 and 22 years of age. After the completed handover, Austrian Airlines will continue to have nine long-haul jets at its disposal, which will connect Austria with destinations around the globe – from the USA to the Far East. In detail, these are six Boeing 777’s with over 300 seats and three Boeing 767’s with over 200 seats.
Until the beginning of 2022, 28 aircraft will leave the fleet of Austria’s home carrier: In addition to the aforementioned three Boeing 767-300ER’s, 18 Dash turboprops and seven Airbus A319 jets will be handed over. Ten turboprops have already left Vienna, with the remaining eight to follow soon. This means that the fleet will consist of around 60 aircraft by the beginning of 2022. As mainly smaller aircraft will be retired, this corresponds to a capacity reduction of around 20 percent.
WILMINGTON, Ohio – (BUSINESS WIRE) – Air Transport Services Group, Inc. (NASDAQ: ATSG) said today that its subsidiary, LGSTX Services, Inc., was recently awarded a five-year contract with the U.S. Postal Service to install and operate a Surface Transfer Center (STC) in Orlando, Fla., where postal products are sorted and consolidated for further distribution.
LGSTX Services has hired approximately 150 full-time employees at the center, with further hiring possible as product volumes increase. The company manages a similar facility for the Postal Service in Aurora, Ill., and has managed several others over the last two decades.
“To be awarded this contract for a second STC is a testament to the level of service the LGSTX team has provided,” said Jim Pradetto, president of LGSTX Services. “Our extensive history of managing these centers for the Postal Service gives us a unique advantage in understanding and anticipating their needs, allowing us to continually deliver the speed and operational support they require.”
In a ceremony held today at the Embraer facility in Gavião Peixoto (São Paulo, Brazil), Embraer delivered the first modernized EMB 145 AEW&C (Airborne Early Warning and Control), designated E-99, to the Brazilian Air Force (FAB). Four additional E-99 aircraft will be modernized as part of the contract.
The mission systems and related subsystems, including electronic warfare, command and control, electronic countermeasures, and aerial surveillance radar were updated as part of the modernization process, expanding FAB’s capacity to carry out Flight Control and Alarm missions and Electronic Reconnaissance, among others.
The E-99M project is conducted by COPAC with support from Embraer and various international suppliers, such as SAAB, Aeroelectronica International (AELI), and Rohde & Schwarz. In addition to modernization, the project entails technology transfer agreements that will enable technological advancements for the Brazilian defense industry.
Atech, an Embraer Defense and Security company, participates in the development of the command and control system. Six mission planning and analysis stations were also acquired, which will be used for the training and improvement of crews.
Built on the successful ERJ 145 regional jet platform, with more than 1,200 units delivered and 30 million flight hours, the FAB E-99 aircraft can detect, track, and identify targets in their patrol area and transmit this information to allied forces. The aircraft can also perform airspace management, fighter positioning and interception control, signals intelligence, and surveillance missions.
FILE PHOTO: AirAsia crew members pose for a photograph in front of an Airbus A320-200 plane at Kuala Lumpur International Airport in Sepang, Malaysia, July 22, 2019. REUTERS/Lim Huey Teng/File Photo
AirAsia will soon connect two of Malaysia’s most popular destinations with the airline commencing three weekly services between scenic Kuching and idyllic Langkawi from 13 November 2020.
All-in-fares for BIG members start as low as RM59* one way and are available for booking at airasia.com and via the AirAsia mobile app.
SNAP (flight+hotel) combos inclusive of return flight and 3 days/2 nights stay at Pelangi Beach Resort Langkawi or Nadias Hotel Cenang are available from RM269** per person, meanwhile, Tune Hotel – Waterfront Kuching or Regatta Suites Kuching are also available from RM219** per person.
Travellers can also book airport transfers, transport services or activities on airasia.com (through the ‘Activities’ tab). From Kuching, enjoy a day trip to Bako National Park, get up close with the orangutans at Semenggoh Wildlife Rehabilitation Centre or learn about Sarawak multi-ethnic culture at the Sarawak Cultural Village. In Langkawi, indulge in a sunset dinner cruise on the Andaman Sea or challenge yourself with some adrenaline-pumping activities such as Zipline, ATV ride or jet ski ride.
FILE PHOTO: AirAsia crew members pose for a photograph in front of an Airbus A320-200 plane at Kuala Lumpur International Airport in Sepang, Malaysia, July 22, 2019. REUTERS/Lim Huey Teng/File Photo
The Qantas Group has today announced a reduction to its Group Management Committee as it continues to respond to the expanding COVID-19 crisis.
CEO of Qantas International, Tino La Spina, will leave the Group in light of what is likely to be the extended grounding of this part of the airline.
Responsibilities currently held by Mr La Spina will transfer to CEO of Qantas Domestic, Andrew David. Mr David’s role will change as a result, adding functional responsibility for Qantas International in addition to his existing responsibility for Qantas Domestic and Qantas Freight, reporting to Group CEO Alan Joyce. John Gissing (Group Executive of Associated Airlines and Services) will continue to have responsibility for regional carrier, QantasLink.
Mr Joyce said: “The COVID crisis is forcing us to rethink our business at every level. It’s increasingly clear that our international flights will be grounded until at least mid-2021 and it will take years for activity to return to what it was before. Under those circumstances, we’ve made the decision to consolidate the domestic and international business units under a single divisional CEO.
“Tino has done a superb job throughout his 14 years at Qantas. He’s a talented executive who brings his trademark enthusiasm to every challenge. I know I speak for the rest of the executive team and for the Board in thanking him sincerely for the huge contribution he has made, particularly as Deputy CFO and then CFO for most of that time.”
The change announced today will take effect from 1 September 2020.
As part of its response to the COVID crisis, the Qantas Group Management Committee took three months of zero pay in the last quarter of FY20 and is on reduced pay (65 per cent for the CEO and 85 per cent for other executives) until November 2020.
The new capability for Airbus’ C295 to serve as an aerial tanker brings additional flexibility for this tactical airlifter, further increasing its already-proven versatility and opening additional mission opportunities.
Airbus Defence and Space developed a removable air-to-air refuelling (AAR) kit for the twin-engine aircraft that utilises a 100-ft.-long deployable hose with a “basket” at the end – enabling the transfer of fuel to receiver aircraft equipped with a probe. A remote vision system allows crewmembers aboard the C295 tanker to monitor refuelling operations from the cargo cabin.
Recent flights to test the kit involved an Airbus-owned C295 that refuelled a C295 from the Spanish Air Force, as well as proximity tests with the C295 and a fast fighter aircraft – a Spanish Air Force F-18.
“Customers are increasingly interested in purchasing not just an aircraft, but a versatile platform that can be used for different missions,” explained Martín Espinosa, the Airbus Defence and Space engineering technical manager responsible for the C295’s aerial refuelling test campaign. “The development of the air-to-air refuelling capabilities of the C295 forms part of this strategic vision.”
The C295’s aerial refuelling capability would be a highly valuable mission-extender for customers using C295s. These customers include the armed forces of current and future C295 operators responsible for civil and military search and rescue missions.
Additionally, it could serve as a cost-effective platform to train fighter pilots in the skills needed for air-to-air refuelling. “The C295 tanker kit could facilitate training of fighter pilots for missions involving refuelling, or even for AAR services on a lease-by-the-hour basis at a fraction of the cost of heavier aircraft,” explained Luis Díaz-Miguel, the Tactical Airlifters Marketing Manager.
Captain Gabiña, a Spanish Air Force pilot involved in the aerial refuelling tests, gave high marks to the C295 in its new role as tanker. “The degree of difficulty in flight test is always high since it involves performing manoeuvers that no one has done before. It should be noted that due to the positive behaviour of the aircraft, the operation has been good and straightforward,” he said.
LOS ANGELES, November 11, 2019 – Air Lease Corporation (the “Company” or “ALC”) announced today that the Company initiated the sale of a portfolio of 19 aircraft to Thunderbolt III Aircraft Lease Limited (“Thunderbolt III”), a newly formed entity, and Thunderbolt III has now completed its equity and debt financing transactions. The aircraft comprise a mix of narrowbody and widebody jet aircraft that, as of August 31, 2019, had a weighted average age of 9.7 years and were leased to 18 lessees based in 15 countries. ALC and its Irish affiliate, ALC Aircraft Limited, will act as servicers with respect to the aircraft and ALC will act as portfolio manager. ALC estimates that the process of transfer and sale of the majority of aircraft will occur progressively during Q4 2019 and Q1 2020.
The Thunderbolt III structure included two series of Fixed Rate Notes and Equity Certificates. Approximately 15.6865% of the Equity Certificates were purchased by the anchor investor which is an investment vehicle managed by ITE Management L.P. and approximately 5% of the Equity Certificates were purchased by ALC.
Proceeds from the issuance of the Notes and the Equity Certificates will be used to acquire the aircraft, fund certain accounts for the Notes and pay certain expenses.
“We are pleased to announce the closing of Thunderbolt III. This transaction allows ALC to efficiently sell 19 aircraft while retaining the customer relationships through our continued management of these aircraft. I would like to thank our team and the Thunderbolt III investors for making this a successful transaction,” said Gregory B. Willis, Executive Vice President and Chief Financial Officer of ALC.
Mizuho Securities acted as Global Coordinator, Mizuho Securities, BofA Securities and Goldman Sachs & Co. LLC acted as Joint Lead Structuring Agents and Joint Lead Bookrunners, Wells Fargo Securities acted as Joint Lead Bookrunner, and BNP PARIBAS, Citigroup, J.P. Morgan, MUFG, RBC Capital Markets, SOCIETE GENERALE and SunTrust Robinson Humphrey acted as Passive Bookrunners (for the Notes) and Co-Managers (for the Equity Certificates).
Hughes Hubbard & Reed LLP acted as U.S. counsel to ALC and the Issuers, and Milbank LLP acted as U.S. counsel to the Global Coordinator, the Joint Lead Structuring Agents and the Joint Lead Bookrunners. EY acted as U.S. and Irish tax advisors. Walkers acted as Cayman Islands counsel and A&L Goodbody acted as Irish counsel. Vedder Price P.C. acted as counsel for ITE.
Canyon Financial Services Limited will act as the managing agent for the Issuers. Citibank, N.A. will act as trustee, security trustee, paying agent and operating bank. Wells Fargo Bank, N.A. will also act as the liquidity facility provider. DealVector, Inc. will provide certain investor services for the holders of the Notes and Equity Certificates.
