Image from Norse Atlantic

April 2024 – flying increased substantially compared to the same period in 2023 with passenger numbers more than doubling during the month. Year on year positive increases across all key figures. The month saw an average load factor of 79 per cent, representing an increase of 12 percentage points (p.p.) year on year. During April, Norse Atlantic Airways had 98,542 passengers across 398 flights, including 61 charter flights. 81 per cent of flights arrived within 15 minutes of their scheduled arrival time with a completion rate of 100 per cent.

In addition, we welcomed more than double the number of passengers compared to the same period last year and look forward to a busy summer ahead. We completed a record high of 61 charter operations throughout the month, as we now move to increase flying on our own network during the summer season, I am pleased to note that we are already well positioned for longer term charter agreements for next winter,” said Bjorn Tore Larsen, CEO and Founder Norse Atlantic Airways.

Wichita, Kansas, May 7, 2024, Business Wire – Textron Aviation, a Textron Inc. (NYSE: TXT) company, today announced the Cessna SkyCourier twin utility turboprop has been awarded type certification by the Australia Certification & Accreditation Service Agency (ACASA), paving the way for the aircraft to serve remote communities, improve regional connectivity in Australia and cater to the region’s diverse aviation needs. This certification comes three months after the first SkyCourier order in Australia was announced at the Singapore Airshow.

The Cessna SkyCourier is meticulously designed to deliver unparalleled performance, unwavering reliability and cost-effective maintenance. With the ability to be operated by a single pilot and a generous payload capacity, the SkyCourier is the ultimate solution for air freight, passenger and special mission needs. The aircraft is highly adaptable and can easily adjust configurations to effectively complete virtually any mission, supporting a significant return on investment.

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.

Sao Jose dos Campos, Brazil, May 7, 2024 – LOT Polish Airlines is adding the Embraer (NYSE: ERJ) E195-E2 aircraft to their fleet to enhance operational flexibility and accommodate network expansion. LOT will lease three new E195-E2 from Azorra, reaffirming their commitment to sustainable growth with the addition of the 25% more efficient E2 to their fleet. The first jet will arrive by the end of July this year, with all aircraft deliveries completed by October.

LOT requires a flexible solution for its capacity needs as the airline’s network grows. The E2 allows a seamless transition over just a few days for LOT’s existing E-Jet first generation flight crews, and offers a spacious and comfortable cabin experience for passengers, delivering an unmatched travel experience with no middle seats. The new E2’s also add flexibility, complementing LOT’s larger narrow body aircraft at similar seat costs.

The airline will configure E195-E2, which seats a maximum of 146 passengers, in a comfortable single class layout with 136 seats.

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.

Sao Jose dos Campos, Brazil, May 2, 2024 – Embraer reached a new E-Jet milestone with the delivery of the 1800th production aircraft in the series. The Azorra owned E190-E2 was delivered to Royal Jordanian Airlines at the facility in Sao Jose dos Campos, Brazil.

Embraer E-Jets reside in the fleets of 90 airlines and leasing companies in more than 60 countries since the first in the series entered service back in 2004. The E190-E2 family of advanced-generation aircraft offer the quietest, lowest polluting, and most fuel-efficient aircraft in the under 150 seat market. In 20 years of service, the E-Jets have carried two billion passengers on 26 million flights a distance of 140 million kilometres.

April 23, 2024 – Alstom, global leader in smart and sustainable mobility, has announced the completion of a new maintenance facility in Bucharest, Romania. Alstom Grivita Depot is Romania’s first established depot dedicated to the maintenance and testing of electric trains and locomotives. Currently, the first EMU from the order of 37 units for the Authority for Railway Reform (ARF) is stationed at the new depot, undergoing mandatory testing in view of market certification.

Alstom is actively recruiting for the new maintenance centre, with approximately 50 employees expected to join the project and undergo specialised training.

The six-car train Coradia Stream for ARF is continuing the very complex program of mandatory static and dynamic testing in accordance with TSI regulations (Technical Specifications for Interoperability) set at European level and the National Notified Technical Rules (NNTR), before being able to circulate with passengers. All the functionalities and performances of the new type of train are to be confirmed through hundreds of verification tests, ranging from electrical and electronic systems, to braking and propulsion systems, railway dynamics for the train stability, all aspects of passenger comfort and many more[1]. Following the completion of these verification tests, an additional 60 final certification tests are necessary to validate train compliance and secure authorisation for passenger operations to commence.

Following a payout of $1.4 billion in profit sharing bonuses, Delta is investing in frontline employees by raising the minimum starting wage to $19 an hour and providing employees across the company with a 5% pay raise. In an internal memo, CEO Ed Bastian announced Monday the raise comes as Delta continues to invest in industry-leading total compensation to reward operational excellence and customer care.

Sharing success is a foundational component of Delta’s values-driven business model and a core aspect of the company’s culture. Delta created its profit-sharing structure after the turbulent period the airline industry underwent in the early 2000s, as leaders worked to boost employee morale and cultivate a workplace of gratitude and teamwork.

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Delta increases starting pay

April 19, 2024 – Alstom, global leader in smart and sustainable mobility, announced today that it has entered into a binding agreement with Knorr-Bremse AG to sell Alstom’s North American conventional signalling business for a purchase price of around €630 million[1].

This transaction is part of the comprehensive company action plan that Alstom announced on November 15, 2023, aiming at reinforcing its leadership position in the Rail industry. Alstom will provide the details of its plan to maintain a solid and sustainable investment grade rating and of its €2 billion deleveraging target at full-year results on 8 May 2024.

This transaction concerns the conventional part of the North American signalling business, and the perimeter to be sold had revenues of approximately €300 million in FY 2023/24.

[1] Proceeds for Alstom at closing (net of expected tax and transaction costs) are expected to reach ca.€620 million.