Tag: US (Page 1 of 8)

Maersk introduces new digital solution for Air Freight booking

February 12, 2024 / WIL BALDWIN

Mumbai, Maharashtra, India – A.P. Moller – Maersk AS (US-OTC: AMKBY), as a part of its integrated logistics solutions, has launched a fully digital solution for customers willing to purchase air freight solutions. The new online solution available on Maersk.com provides customers with an option to book their air cargo requirements through a simple online tool that will provide customers with instant prices for as many as 70,000 connections between virtually all relevant airports globally. With the launch of this new solution, Maersk takes further steps towards connecting and truly simplifying its customers’ supply chains.

Maersk’s air freight cargo coverage extends to 70,000 airport pairings across more than 90 countries around the world. Being a fully online solution, the platform also allows the customer to book cargo movement for any of the 70,000 airport pairings from anywhere in the world.

Maersk’s air freight solutions offer cargo movement from most of India’s international airports. Combined with Maersk’s integrated logistics solutions that include a robust hinterland coverage of distribution network, Maersk allows such cargo movement to and from 80% of India’s postal/ZIP codes with end-to-end pick-up and deliveries.

Customers can also add Maersk Customs Services for seamless customs clearance and track their cargo from anywhere, at any time.

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.

Airbus and Republic of Singapore successfully complete air to air refuelling flight test

October 11, 2023 / WIL BALDWIN

Getafe, Madrid, Spain, October 11, 2023 – Airbus Group SE (Paris: AIR) and the Republic of Singapore Air Force (RSAF) worked together to successfully complete the automatic air-to-air refuelling (A3R) flight test campaign with the Airbus A330 Multi Role Tanker Transport (MRTT) and F-15 fighter, ahead of its certification in the first half of 2024.

Over the course of three weeks in August, a RSAF A330 MRTT made more than 500 automated wet and dry contacts with the air force’s full fleet of receiver aircraft, including the F-15SG aircraft, a customised variant of the US-built F-15E Strike Eagle air-to-ground fighter jet.

The flight tests with F-15SG were conducted in Singapore, covering the whole operational AAR envelope in different weather conditions under the supervision of the Spanish certifying authority, called INTA (National Institute for Aerospace Technology).

Airbus and PHI Group sign for 20 H175 & 8 H160 helicopters

September 12, 2023 / WIL BALDWIN

Marignane, France, September 12, 2023 – Airbus Group SE (Paris: AIR) and PHI Group Inc (PHI) have signed a framework agreement that includes commitments for 20 super-medium H175 helicopters and 8 H160s to serve the energy market worldwide, including in the US. These 28 state-of-the-art helicopters will better position PHI to respond to the energy market’s expected growing offshore transportation needs. These commitments are composed of firm orders as well as purchase options that PHI may exercise during the course of the framework agreement.

PHI has been supporting the energy industry for 74 years. Today, PHI operates over 200 helicopters across the globe serving a number of markets, including energy and air medical. PHI’s Airbus fleet consists of H125, H135, H145, H160 and H175 family helicopters – with the H175 being the latest addition.

In service since 2015, Airbus’ H175 belongs to the super-medium class of helicopters, combining long-range with smooth flight qualities, making it the perfect solution for several mission profiles, including offshore crew change, public services, and private and business aviation. 54 H175s currently in service have accumulated around 195,000 flight hours, of which 170,000 are flying for the energy sector.

Designed as a multi-role helicopter capable of performing a wide range of missions, the H160 integrates Airbus’ latest technological innovations. With its light maintenance plan, the H160 optimises operating costs and offers a new standard in availability. The helicopter is powered by two of the latest Arrano engines from SafranHelicopter Engines that offer a 15% reduction in fuel burn. Both the H175 and H160 are already certified to fly with as much as 50% sustainable aviation fuel.

Norse Atlantic Airways Q2 report shows strong growth momentum going into Q3 2023

September 1, 2023 / WIL BALDWIN

CEO, Founder and largest shareholder, Bjorn Tore Larsen:

“Q2 marked a significant period of ramping-up as we inaugurated new destinations in the US and Europe. Additionally, more of our fleet of fuel efficient Boeing 787 Dreamliners were brought into production. By the end of Q2 the airline had more than doubled capacity, with June being our first month of increased production, and notably our first month generating bottom line profits.

Q3 is expected to be our first financial quarter generating a profit. The move to profitability is driven primarily by having all 15 aircraft generating revenue for the first time, from July 1st; 10 of which are operating for Norse and five generating revenue through sublease income.

A milestone was passed during Q3 as we surpassed one million booked passengers. By providing affordable air fares on competitive and established routes to key primary airports and destinations, we allow more people to explore the world and enjoy the experience of long-haul travel whether for leisure or business. Norse will be the first truly low-cost profitable long-haul airline”.

For further information please see Q1 2023 report and company update presentation attached.

• Revenue increased by 152% quarter-on-quarter (“QoQ”) to USD 100.1 million

• 204,564 passengers carried, up 86% QoQ

• Revenue per passenger increased 89% QoQ to USD 422

• Available Seat Kilometres (ASK) up by 51% QoQ due to planned ramp-up as Norse brought more aircraft into production

• Positive EBITDAR of USD 2.2 million, the first positive EBITDAR on a quarterly basis since inception of the Company

• Intra-quarter Norse recorded its first profitable month (June) and continued positive momentum

into Q3

• Load factors showed strong development during the quarter, with monthly average load factors of 67%, 72% and 82% in April, May and June respectively. The positive development continued post quarter end with an average load factor of 85% in July

• USD 19.0 million cash generated from operations in the quarter, an increase of USD 39.8 million QoQ

• Total cash held at quarter end of USD 59.1 million

• As communicated in November 2022 in relation to a private placement at the time, Norse made good on its promise to shareholders that it would perform a repair offering, which it completed during the quarter, raising NOK 150 million gross (USD 14.1 million)

• Norse upgraded to Euronext Expand at Oslo Stock Exchange, a regulated market, during the quarter

• Heavy increase in production through Q3 compared to Q2 with all Norse aircraft generating revenue for the first time from 1st July 2023

Voyager Space and Airbus Announce Joint Venture to Build and Operate Starlab

August 2, 2023 / WIL BALDWIN

DENVER – 02 August, 2023 – Voyager Space, a global leader in space exploration, and Airbus (OTC: EADSY) Defence and Space, the largest aeronautics and space company in Europe, today announced an agreement paving the way for a transatlantic joint venture to develop, build, and operate Starlab, a commercial space station planned to succeed the International Space Station. The US-led joint venture will bring together world-class leaders in the space domain, while further uniting American and European interests in space exploration.

Voyager was awarded a $160 million Space Act Agreement (SAA) from the National Aeronautics and Space Administration (NASA) in December 2021 via Nanoracks, part of Voyager’s exploration segment. Part of NASA’s Commercial Low Earth Orbit Development Program, this SAA sets the foundation to create Starlab, a continuously crewed, free-flying space station to serve NASA and a global customer base of space agencies and researchers.

The program’s mission is to maintain continued human presence and American leadership in low-Earth orbit (LEO). Today’s announcement builds on an agreement made public in January 2023, where Voyager selected Airbus to provide technical design support and expertise for Starlab.

In addition to the US entity, Starlab will have a European joint venture subsidiary to directly serve the European Space Agency (ESA) and its member state space agencies.

US-Bangla Airlines boosts ATR fleet availability with Global Maintenance Agreement

July 17, 2023 / WIL BALDWIN

Toulouse, France, 17 July 2023 – Largest private Bangladeshi carrier US-Bangla Airlines and world’s number one regional aircraft manufacturer ATR, today announced the signature of a Global Maintenance Agreement (GMA) to further optimize the airline’s maintenance costs and boost the reliability of its fleet of eight ATR 72-600’s. The five-year pay-by-the-hour contract covers the repair, overhaul and pooling services of Line Replaceable Units, along with the availability and maintenance of propellers and leading edges.

Mohammed Abdullah Al Mamun, Managing Director of US-Bangla Airlines said: “Reliability, on-time performance, customer experience and safety are of paramount importance to US-Bangla. As US-Bangla celebrates its 9th Anniversary there is no better time to announce that we are strengthening our cooperation with ATR through this Global Maintenance Agreement. We are hopeful that this partnership will further optimise the reliability of our ATR fleet while reducing operating costs – creating a win-win partnership. Both our teams have worked relentlessly to innovate a commercial model which we hope will stand the test of time and be a new benchmark in aviation”

For over 25 years, the ATR GMA has been significantly boosting regional airlines’ operations and reducing maintenance costs through improved parts availability, advice on maintenance practices, troubleshooting and insightful engineering analysis.

Viva Aerobus signs Memorandum of Understanding for 90 Airbus A321neo aircraft

July 8, 2023 / WIL BALDWIN

Mexico City, July 8th, 2023.- Viva Aerobus has signed a Memorandum of Understanding (MoU) for 90 Airbus (OTC: EADSY) A321neo aircraft. This is the third order Viva has completed with the European manufacturer, thus maintaining a single fleet of A320 family aircraft. The airline’s order book has now reached 170 Airbus aircraft which provides flexibility to continue growing and renewing its fleet, upholding it as one of the youngest in the Americas.

The A321neo offers unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50 percent noise reduction, and more than 20 percent fuel savings compared to previous single-aisle generation aircraft, while maximizing passenger comfort with the widest single-aisle cabin and large overhead stowage space.

The GTF engine uses a revolutionary geared fan technology that allows each part of the engine to spin at optimum speed, delivering the highest fuel efficiency and lowest greenhouse gas emissions.

These 90 Airbus A321neo aircraft powered by GTF engines will drive Viva’s domestic and international growth plans. This is particularly important since Mexico is expected to recover the US Federal Aviation Administration’s (FAA) Category 1 rating in the coming months. It is also very relevant given the commercial alliance Viva signed with US carrier Allegiant back in December 2021, which will give more people access to new non-stop air transport between Mexico and the US.

Boeing Teams with Canadian Industry to Offer P-8A Poseidon

June 1, 2022 / WIL BALDWIN

Ottawa, Ontario, June 1, 2022 – Boeing [NYSE: BA] and several Canadian industry partners announced today their intent to collaborate to provide the capability and sustainability of the proven P-8A Poseidon for the Canadian Multi-Mission Aircraft (CMMA) requirement.

Team Poseidon, consisting of CAE, GE Aviation Canada, IMP Aerospace & Defence, KF Aerospace, Honeywell Aerospace Canada and Raytheon Canada, forms the cornerstone of a Canadian P-8 industrial footprint. The team builds on 81 Canadian suppliers to the platform and to more than 550 Canadian suppliers across all provinces contributing to Boeing’s annual CAD $5.3 billion in economic benefit to Canada, supporting more than 20,000 Canadian jobs.

The Boeing P-8A is a proven military off-the-shelf solution with nearly 150 aircraft delivered to five nations to date. The P-8 will improve Canada’s capability to defend its northern and maritime borders while ensuring interoperability with NORAD and NATO allies. As a leading platform for reducing the environmental impact of military aircraft, the P-8 can operate on a 50% blend of sustainable aviation fuel today with aspirations to move toward 100% with investment in new technology.

The P-8A Poseidon offers advanced anti-submarine warfare, anti-surface warfare, intelligence, surveillance and reconnaissance, and search and rescue capability, and is the only in-service, in-production multi-mission aircraft that meets all CMMA requirements. The P-8 also has the added distinction of strengthening the connection between national security and environmental stewardship.

Having executed more than 450,000 collective mishap free flight-hours, the P-8A Poseidon has proven its capability to operate around the globe in the harshest flight regimes including extended operations in extreme cold weather and icing environments.

Current Boeing P-8 customers include the US Navy, Indian Navy, Royal Australian Air Force, Royal Air Force, Royal Norwegian Air Force, Royal New Zealand Air Force, Republic of Korea Navy and Germany Navy.

Built on the proven 737 Next-Generation airframe, P-8’s 86% commonality with more than 4,000 in-service 737NGs delivers lower life-cycle sustainment costs due to large economies of scale.

Australia Back on Tourist Map as International Visitors Return

February 21, 2022 / WIL BALDWIN

Qantas flights from eight overseas destinations are touching down in Australia today, bringing the first international tourists in almost two years and an eagerly anticipated boost for the country’s tourism industry.

The Qantas Group will fly more than 14,000 passengers into Australia this week as quarantine and border barriers for international tourists come down.

QF12 from Los Angeles was the first to land at 6.20am and flights from other international destinations including Vancouver, Singapore and London will arrive into Sydney throughout the day. Jetstar’s first unrestricted international flight JQ18 will touch down in Melbourne from Phuket at 10.05am and QF70 from Delhi to Melbourne will arrive at 1.35pm.

Qantas Group CEO Alan Joyce said bookings had been strong since the Australian Government announced the country was opening to international visitors, and today’s arrivals will be the first of many.

Qantas restarted its international network for Australian citizens and visa holders on 1 November 2021, with a number of routes coming online since then. Sydney to Dallas recommenced flying on 16 February, and flights to other destinations are scheduled to relaunch in coming weeks including:

Melbourne to Honolulu (Jetstar) – From 1 March
Sydney to Honolulu (Jetstar) – From 3 March
Melbourne to Denpasar (Jetstar) – From 14 March
Sydney to Denpasar (Jetstar) – From 15 March
Brisbane to Singapore – From 27 March
Sydney to Manila – From 27 March
Sydney to Denpasar – From 28 March
Darwin to Dili – From 30 March
Brisbane to Los Angeles – From 1 April

Aeromexico Cargo Inaugurates Route Between Wuhan, China and Mexico City

May 10, 2021 / WIL BALDWIN

Aeromexico Cargo inaugurated a direct route between the Wuhan-Tianhe International Airport and the Mexico City International Airport for exclusive cargo transportation. This was celebrated at an event held at Wuhan airport, in the presence of the Mexican Ambassador to the People’s Republic of China, airport authorities and airline business partners.

The route will be operated with Boeing 787-9 Dreamliner aircraft, which has a load capacity of more than 30 tons or 130 m3, depending on the type of cargo.

Wuhan is one of the fastest growing cities in China and has become a hub for air transport in the central region of the country. The growth of e-commerce, medical supplies and high-tech products shipping from this city to the rest of the world, has been exponential during the last year reaching more than a 500% increase. Due to its infrastructure, the Wuhan airport stood out in the first position among 22 other airports in China in the ranking of passenger transport in the country.

Since the beginning of the pandemic, Aeromexico Cargo has completed more than 235 exclusive cargo flights from China to Mexico and 16 other countries, transporting more than 4,000 tons of essential medical supplies. All these operations represented more than 8,000 hours of flight and 6 million kilometers traveled, which is equivalent to travel 170 times around the world.

Aeromexico Cargo can operate in more than 40 airports in Mexico and in multiple international destinations in the US, Canada, Central and South America, Asia and Europe. The most common cargo is perishable products, live animals, high-value goods, technology, medicines, and medical supplies, among others.

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