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Boeing awarded $3.4 billion contract for 17 P-8A Poseidon aircraft

Arlington, Virginia, February 29, 2024 — The U.S. Navy has awarded Boeing (NYSE: BA) a $3.4 billion contract to begin manufacturing 14 P-8A Poseidon aircraft for the Royal Canadian Air Force and three additional P-8’s for the German Navy.

In November 2023, Canada announced its decision to acquire the P-8A Poseidon to replace its current fleet of CP-140 Aurora’s. The first P-8A for Canada is expected to deliver in 2026.

With the P-8 acquisition, Boeing’s economic commitments to Canada have the potential to generate annual benefits of more than 3,000 jobs for Canadian industry and value-chain partners, and at least $358 million to Canada’s gross domestic product over a 10-year period.

Following the initial procurement of five P-8 aircraft in June 2021, Germany added three additional aircraft to bring the total number of P-8’s for the German Navy to eight. The first aircraft will be delivered in 2025, to replace the country’s fleet of P-3 Orion aircraft.

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.

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Lufthansa City Airlines confirms first destinations

The Lufthansa Group’s most recent airline, Lufthansa City Airlines, will take off in summer 2024 – now the first destinations have also been confirmed. The airline will initially fly to the following destinations from Munich: Berlin, Hamburg, Bremen, Düsseldorf, Cologne, Hanover as well as Birmingham, Bordeaux and Manchester. In the following months, Lufthansa City Airlines will gradually expand its network and offer further destinations in Europe.

By ordering 40 Airbus A220-300 aircraft and a further 20 purchase options, the Lufthansa Group has set a clear signal for the future of the new airline. The competitive strengthening of the short-haul network is essential for strengthening the Lufthansa Group’s market position and the planned growth of Lufthansa long-haul routes.

Passengers on board Lufthansa City Airlines can expect the Lufthansa product offering and customer experience for short and medium-haul routes. The first two of four Airbus A319 aircraft to be deployed this year have already been painted in the new Lufthansa City livery.

Flights will be available from the end of April via the familiar Lufthansa Group sales channels.

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Airbus & Bristow Group announce framework for up to 15 H135 helicopters

Anaheim, California, Heli-Expo 2024, February 28, 2024 – Airbus Group SE (Paris: AIR) Helicopters and Bristow Group announced a framework contract for up to fifteen H135 helicopters (five firm orders, plus 10 options) during this year’s HAI Heli-Expo. The delivery of the first helicopter is scheduled for October 2024.

Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of offshore energy companies and government entities. Bristow’s aviation services include personnel transportation, SAR, medevac, fixed-wing transportation, unmanned systems, and ad hoc helicopter services. Bristow already operates a fleet of 10 H135 family helicopters.

The light twin Airbus H135 incorporates the most advanced technologies available, including Airbus Helicopters’ Helionix avionics suite, which, in addition to the 4-axis autopilot, offers an innovative cockpit layout to enhance situational awareness. Designed with three large electronic displays on the H135, the cockpit is night vision goggle compatible and includes a First Limit Indicator which highlights the appropriate engine instrument data for the pilot in one indicator.

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.

 

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Alstom successfully completes Stockholm metro modernization

Stockholm, Sweden, February 27, 2024 Alstom, global leader in smart and sustainable mobility, has completed the modernisation and upgrade of 270 models C20 cars for Stockholm metro, a project initiated in 2017.  The last car is now leaving the workshop in Västerås to return to Stockholm, fully prepared for passenger service.  

The modernisation programme emphasises the extensive reuse of materials to achieve environmental and cost-saving benefits. Additionally, the interior layout has been updated with an open design and new seating arrangements, facilitating quicker boarding and disembarking, and new passenger information systems, enhancing the passenger experience.

The project was carried out in close collaboration with Alstom’s customer MTR and the end customer SL.

Project facts

  • Alstom has modernised a total of 270 model C20 cars for the Stockholm metro.
  • The work was performed at Alstom’s Västerås workshop.
  • The project has been in progress since 2017, employing 110 fitters and 25 engineers, along with several local subcontractors in Västerås.
  • The upgrade includes the reuse of materials, refurbished seats, new passenger information systems, more handrails, and more safety cameras than before.
  • The new open design facilitates boarding and disembarking.
  • In total, 27,540 seats have been installed, 110,160 screws used, and 240 kilometres of cable laid.

Alstom is the largest supplier to the Swedish train market, with over a thousand trains delivered to the Swedish railways and several major maintenance contracts. Alstom also leads the implementation of the ERTMS signalling system in Sweden, both onboard and along the tracks, and delivers the new national traffic management system for the Swedish Transport Administration.

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Leonardo and Sloane announce major reinforcement of UK and Ireland collaboration

Rome, Italy, February 27, 2024 – Leonardo and Sloane announced at Heli-Expo 2024 a major reinforcement of their collaboration in the UK and Ireland commercial helicopter market with the signing of Preliminary Sales Contracts for nine AW09 next-generation single engine aircraft, and new orders for two AW109 Grand New and two AW109 Trekker light twins.

The Preliminary Sales Contracts for the AW09 add Sloane to the number of global partners who have chosen the all-new type. Sloane joins the consensus around the AW09 programme and market potential and, as established European distributors of Leonardo helicopters, are intending to extend their collaboration and distributorship mandates to include the AW09 in the continent. With this latest achievement, the AW09 world market success extends to UK and Ireland following announcements of partnerships and distribution agreements already made in North and Latin America, Africa and Asia in 2023, some leading to end-user orders. The total number of Preliminary Sales Contracts will soon exceed 100 units globally.

The AW09 continues to generate a very positive response from all geographies worldwide as the program development progresses. Rotorcraft companies highly welcome the AW09 for its outstanding characteristics and multirole capabilities that represent a significant evolution compared to existing products in this category. The AW09 perfectly complements Leonardo’s product range in the Long Light Single-segment, introducing an all-new design aircraft to sustain long-term competitive positioning in this weight category. A full-scale mock-up of the cabin, together with the advanced connectivity and digital features of the type, is on display at the Leonardo booth at Heli-Expo, attracting lots of interest within the rotorcraft community thanks to its distinguished features in cabin space and ergonomics, and external footprint.

The AW109 series continue to be highly popular in Sloane’s reference markets particularly for VIP/Corporate transport. As the Leonardo’s regional distributor, Sloane has taken delivery of a total 14 AW109’s in the 2022-2023 period and plans to receive six more this year. Under the latest order for four new AW109’s, deliveries are expected to be performed in 2025 and 2026.

In July 2022, Sloane confirmed its Distributor Agreement for the 2022-2024 timeframe, covering both types and the AW169 light intermediate twin model. The long-term success between Sloane Helicopters and Leonardo was established in 1995, when Sloane became the sole distributor of Leonardo VIP/corporate helicopter in the UK and Ireland. Under this collaboration, over 110 Leonardo commercial helicopters have been delivered to operators and private users in the UK and Ireland. The Distributorship Agreement has provided customers with continued benefits by dramatically reducing delivery times and providing customers with product expertise and a full range of support packages, which also helps Leonardo to maintain its position as leader in the executive/private
transport market in the UK and Ireland, among other applications. This has been further reinforced following the launch of the new Agusta VIP brand in late 2021 with its exclusive features and all-new service offer. Sloane Helicopters is also an Authorised Service Centre, providing maintenance and support services for the majority of GrandNew and all AW169 VIP helicopters in the region. Additionally, Sloane is a Type Rating Training centre for Leonardo helicopters in the UK.

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THC signs framework agreement for up to 120 Airbus helicopters

Anaheim, California, February 27, 2024The Helicopter Company (THC), Saudi Arabia’s premier provider of commercial helicopter services and fully owned by the Public Investment Fund, has signed a historic framework agreement with Airbus Group SE (Paris: AIR) at the HAI Heli-Expo, currently taking place at Anaheim Convention Center, California.

The framework agreement will include up to 120 Airbus helicopters of various types set to be delivered over the next five to seven years. Part of the deal is a firm order for eight H125’s along with 10 H145’s that are converted options from an earlier contract, bringing THC’s total firm Airbus helicopter fleet to 60, 25 of which are already in service today.

The new H125 helicopters will support the delivery of THC’s range of services in areas including aerial work and tourism. The H145’s will be used in a variety of roles including Emergency Medical Services (EMS) and corporate transport.

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.

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Vietjet Air picks Rolls-Royce Trent 7000 engines for A330neo

Singapore Air Show, February, 2024 – Vietjet Air has signed a Memorandum of Understanding (MoU) with Airbus Group SE (Paris: AIR) for the purchase of 20 A330-900 widebodies. When the order is finalized, the aircraft will be operated on the carrier’s growing long range network, as well as on high capacity regional services. They will replace the carrier’s current fleet of leased A330-300’s, as well as providing for network expansion.

Rolls-Royce (LSE: RR) today announces a commitment by Vietjet Air for 20 Trent 7000 powered A330neo, which will complement the airline’s existing widebody fleet of seven Trent 700 powered A330ceo aircraft.

With a laser focus on sustainability, Vietjet Air has committed to the A330neo/Trent 7000 combination as it delivers a 14% better fuel burn per seat, whilst significantly lowering emissions. The reduction in emissions will allow the airline to avoid more than one hundred thousand tons of CO2 over the lifetime of each aircraft.

The Trent 7000 draws on the technology and experience of the most advanced family of engines in the world. As the latest member of the Trent family, the Trent 7000 is based on Trent XWB technology and has delivered exceptional reliability since its entry into service.

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.

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Saab receives Gripen order from Hungary

SAAB AB (Stockholm: SAABb) has today signed a contract with the Swedish Defence Materiel Administration (FMV) and received an order for four additional Gripen C fighter aircraft for Hungary.

This order follows an amendment to the contract between FMV and the Hungarian Government signed in December 2001 regarding 14 Gripen C/D fighters for the Hungarian Air Force. The contract amendment for the four additional aircraft was signed by the Hungarian Ministry of Defence and FMV on 23 February 2024. With this new contract amendment, Hungary will operate a total of 18 Gripen C/D aircraft to protect and defend the Hungarian and NATO airspace.

Saab currently has a contract with FMV regarding support for Hungary’s Gripen aircraft, and Saab is ready to provide additional upgrades and support for the Hungarian fighters beyond 2035.

Saab and the Hungarian Ministry of Defence have also signed an MoU regarding development of high-tech industrial areas and fighter aircraft capabilities. The cooperation includes support for the establishment of a Centre of Excellence for VR technologies in Hungary.

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.

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STARLUX orders A350F and A330neo aircraft

Singapore Air Show, February 21,  2024 – STARLUX Airlines of Taiwan has placed a firm order for five all-new Airbus Group SE (Paris: AIR) A350F freighters and three more A330neo widebody aircraft. The agreement was signed at the Singapore Airshow by KW Chang, Chairman of STARLUX Airlines and Christian Scherer, CEO of the Commercial Aircraft business of Airbus.

STARLUX Airlines operates an all-Airbus passenger fleet that already includes the A350-900, A330neo and A321neo. The A350F will be operated by STARLUX Cargo on  some of the world’s busiest cargo routes.

Currently under development, the A350F will enable STARLUX Cargo to serve all heavy cargo markets around the world.

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.

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Royal Brunei Airlines orders four Boeing 787 Dreamliners

Singapore Air Show, February 20, 2024, PRNewswire – Boeing (NYSE: BA) and Royal Brunei Airlines today announced the airline’s purchase of four 787 Dreamliners to renew its widebody fleet. Royal Brunei Airlines’ selection of the 787-9 supports the airline’s long-term growth strategy, sustainability goals and focus on passenger comfort.

Royal Brunei Airlines was the first Southeast Asian carrier to fly the 787 Dreamliner over a decade ago. With this 787-9 order, which was finalized in February and will be posted on Boeing’s Orders & Deliveries, the airline can fly more passengers and cargo farther while operating more efficiently.

Royal Brunei Airlines currently operates five 787-8’s, serving destinations in Asia, Australia, the Middle East and the United Kingdom. The 787-9, which can carry nearly 20% more passengers than the 787-8 and fly 14,010 km (7,565 nautical miles), will support the carrier’s growing capacity needs on these medium- and long-haul routes.

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.

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