Mascot, New South Wales, Australia, August 12, 2024 – Qantas has joined Rio Tinto and BHP as foundational investors in a new fund that will develop high-integrity, nature-based carbon projects in Australia.
Managed by Silva Capital – a joint venture between investment managers Roc Partners and C6 Investment Management – the Silva Carbon Origination Fund aims to raise $250 million to originate and manage high-integrity Australian Carbon Credit Units (ACCUs).
It is one of the first funds in Australia to provide investors with access to supply of high-integrity ACCUs at scale, generated through land reforestation projects and integrated agriculture.
Rolls-Royce Holdings PLC (London: RR) today announces Cathay Pacific Airways Limited (Hong Kong: 0293) has agreed to place an order for 60 Trent 7000 engines that will power 30 Airbus A330-900 aircraft. At the same time the airline has signed a TotalCare service agreement that will cover the fleet.
TotalCare is designed to provide operational certainty for customers by transferring time on wing and maintenance cost risk 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.
The Trent 7000 is the latest addition to the Rolls-Royce Trent family of engines and exclusively powers the Airbus A330neo. After entering service at the end of 2018, the Trent 7000 has flown more than two million hours, delivering exceptional reliability, sustainable performance and proven versatility.
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.
Santa Cruz, CA, August 6, 2024 — Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced it has formally applied for its revolutionary aircraft to be certified for use in Australia.
Joby’s application to Australia’s Civil Aviation Safety Authority (“CASA”) for the validation of an FAA (“Federal Aviation Administration”) type certification builds on a bi-lateral agreement between the U.S. regulator and CASA, and it lays the groundwork for the introduction of quiet, emissions-free air taxis in Australia.
Joby’s electric air taxi is designed to carry a pilot and four passengers at speeds of up to 200 mph, offering high-speed mobility with a fraction of the noise produced by helicopters and zero operating emissions.
To date, Joby has completed more than 33,000 miles of all-electric flight with full-scale prototype aircraft and, in November 2023, Joby became the first electric air taxi company to fly in a major U.S. city, taking off from the Downtown Manhattan Heliport in New York and demonstrating its aircraft’s quiet acoustics for an audience including Mayor Eric Adams, who announced the city’s intention to electrify the heliport.
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.
Cologne, North Rhine-Westphalia, Germany, August 6, 2024 – NBA basketball legend, Dirk Nowitzki, is the face of the new Deutsche Lufthansa AG (Xetra: LHAG) Allegris advertising campaign. Born in Germany, Nowitzki played his entire NBA career with the Dallas Mavericks in the United States.
In the campaign film, the 2.13 metre tall Dirk Nowitzki can be seen sleeping in the 2.20 metre long bed of the new Allegris Business Class. Lufthansa Allegris offers a completely new travelling experience on long-haul flights that is unrivalled on the market due to the variety of seats. All travel classes, from Economy to Premium Economy, Business and First Class, will have new cabin interiors and new seats. For example, in Business Class, passengers can choose between five different seat options, including a suite with doors, a personal wardrobe and a small minibar. A special highlight: all seats in First and Business Class have heating and cooling systems so that travellers can flexibly adjust the temperature to their own comfort level.
The Lufthansa Allegris campaign with Dirk Nowitzki starts today in the USA and will be shown internationally in the coming months, including in Germany.
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.
Philadelphia, Pennsylvania, August 5, 2024 —Boeing (NYSE: BA) has delivered the first MH-139A Grey Wolf production aircraft to the U.S. Air Force. This aircraft, part of a Low Rate Initial Production order in 2023 for 13 helicopters, will be stationed at Malmstrom Air Force Base, Montana.
In 2024, the U.S. Air Force awarded an additional seven MH-139As to Boeing. With six Research, Development, Test and Evaluation aircraft already delivered, Boeing currently has 26 aircraft on contract.
With a 50% increase in speed and range and a 5,000 pound-lb. increase in max gross weight compared it is predecessor, the MH-139A can execute multiple mission sets. Combined with lower operating costs, increased reliability and improved maintainability, the aircraft provides improved capability and greater flexibility for the U.S. Air Force.
The MH-139A team consists of Boeing as the prime contractor and Leonardo as an original equipment manufacturer. Leonardo produces the baseline helicopter at its plant in northeast Philadelphia, while Boeing is responsible for military equipment procurement and installation and post-delivery support of the 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.
Farnborough International Airshow, United Kingdom, July 23, 2024, PRNewswire – Boeing and Qatar Airways announced today the Middle Eastern airline’s order for 20 more 777-9 airplanes, which will be the world’s largest and most fuel-efficient twin-engine jet. The order, which expands the carrier’s 777X order book to nearly 100 airplanes, was finalized this year and listed as unidentified on Boeing’s Orders & Deliveries website.
The award-winning airline helped launch the 777X program and now has on order 60 777-9 passenger airplanes. Qatar Airways is also the inaugural launch customer for the 777-8 Freighter and has 34 of the next generation cargo jet on order.
Earlier this month, Boeing began certification flight testing for the 777-9, which will offer a new level of passenger comfort with a spacious cabin, better humidity, a quiet environment and increased natural light.
Farnborough International Airshow, United Kingdom, 23 July 2024 – Japan Airlines (JAL) has signed a firm order with Airbus for 20 A350-900 widebody aircraft and 11 single-aisle A321neo, finalising a commitment announced earlier this year.
The order was announced at the Farnborough Air Show 2024 during a signing ceremony with Yukio Nakagawa, Executive Officer and Senior Vice President Procurement of Japan Airlines, and Christian Scherer, Chief Executive Officer of Airbus Commercial Aircraft business.
The new A350-900s will join the carrier’s A350 fleet serving international routes, while the A321neo will operate on domestic services within Japan. To date, JAL has ordered a total of 52 A350s, with 18 in service. The A321neo contract represents JAL’s first order for the Airbus single-aisle product line.
Farnborough International Airshow, United Kingdom, July 22, 2024 – Bell Textron Inc., a Textron Inc. company, announced EnB AIR Co., Ltd.’s has signed an agreement for the purchase of a Bell 505 helicopter in South Korea. This marks the first Bell 505 helicopter sale to a commercial entity in South Korea, following the Republic of Korea’s Defense Acquisition Program Administration selecting the Bell 505 as the new military helicopter trainer in 2022.
Established in 2020, EnB AIR provides helicopter services focused on aerial patrol, pest control, material transport, and forest firefighting. Upon delivery, the Bell 505 will become the first Bell helicopter in EnB AIR’s fleet.
With over 500 delivered worldwide, the Bell 505 program has collectively achieved more than 100,000 flight hours. In February 2023, a Bell 505 became the world’s first single engine helicopter to fly on 100% sustainable aviation fuel.
Farnborough International Airshow, United Kingdom, July 22, 2024 – The Dutch Ministry of Defense signed the contract today for the acquisition of nine Embraer C-390 Millennium aircraft during a ceremony at the Farnborough Airshow. As part of the project ‘Replacement of Tactical Airlift Capacity’, the contract is a joint purchase, in cooperation with Austria – five aircraft for the Royal Netherlands Air Force and four aircraft for the Austrian Air Force.
With this joint order, both countries aim at increasing their ability to rapidly deploy or evacuate equipment and personnel worldwide, even under difficult operational conditions. The enhanced tactical airlift capacity provided by the C-390 increases operational flexibility and responsiveness, provides logistical support in various missions and operations, and enables a wide range of humanitarian and medical tasks.
The joint purchase will also allow both nations – as well as current and future operators – to cooperate and benefit from synergies in areas like training, logistics and future growth of the platform, together with the other C-390 operators in NATO nations. The C-390 Millennium provides maximum operational readiness enabling interoperability and connectivity in networked environments and multiple domains.
