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LATEST NEWS
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Thursday, November 11th, 2021
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Eve Urban Mobility Solutions (Eve), an Embraer company and Widerøe Zero (Widerøe) have signed an MOU to develop urban air mobility solutions (UAM) in Scandinavia, focusing in particular on eVTOL (electric vertical take-off and landing) vehicle operations.
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With the creation of the Air Mobility Business Incubator, Widerøe Zero, the companies will use Embraer’s zero-emissions Eve eVTOL to develop a new concept for passenger travel involving sustainable mobility, connecting travellers throughout a sparsely populated region. As part of this collaboration, Widerøe Zero will contribute to a market readiness exercise and a vehicle concept of operation study in Scandinavia, extending Eve’s development of the UAM market in Scandinavia.
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Eve’s human-centred, eVTOL design combines disruptive innovation and a simple and intuitive design. In addition to the aircraft programme, Eve is harnessing the expertise of both Embraer and Atech, a subsidiary of the Embraer Group, in providing globally recognised air traffic management software to create the solutions that will help safely scale the UAM industry going forward.
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“Widerøe Zero is excited to work with Eve on the eVTOL concept. Although initially designed for Urban Air Mobility, we expect these highly flexible vehicles to be interesting in a variety of applications also in rural areas; from cargo to passenger transportation. Our partnership with Eve is part of our plan to accelerate the development of sustainable aviation in Norway. We are looking forward to the expanded partnership, unlocking new opportunities to improve regional connectivity,” said Andreas Kollbye Aks, Chief Executive Officer at Widerøe Zero.
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Air bp, the international aviation fuel products and service supplier, has commenced a new aircraft fuelling joint venture at Baghdad International Airport (BGW). The joint venture company, United Iraqi Company for Airports and Ground Handling Services Limited, operating under the name MASIL, was awarded an operating licence for aircraft refuelling, ground handling and cargo services.
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The joint venture aims to provide a range of services with a remit to bring world class standards and global industry expertise to further improve the customer experience, safety and operational standards at the airport. Air bp is providing assurance on all aspects of fuel supply and aircraft refuelling operations. This includes providing world class operating standards, workforce training to enhance knowledge and competence, and advice on product quality, operations, HSSE and maintenance.
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Spanish low-cost airline Vueling Airlines and Lufthansa Technik have signed a five-year contract for the supply of consumable and expendable parts for Vueling’s A320ceo/neo fleet. The contract includes planning, forecasting, transportation and logistics services. The contract also comprises a consignment stock at Vueling’s base at Barcelona International Airport.
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A dedicated account team and on-site customer support manager will be available for direct exchange with the customer to ensure smooth supply processes. The Lufthansa Technik experts will also give an extensive phase-in support to guarantee an optimal technical support right from the beginning.
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IAG has signed an MoU agreement with Velocys, the sustainable fuels technology company, to acquire 220,000 tonnes of sustainable aviation fuel (SAF) over ten years. This equates to one third of the planned output of the company´s new Bayou Fuels project in the US when it begins delivery in 2026.
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The SAF will be used by IAG airlines including British Airways, Aer Lingus and Iberia. The technology used in this project will capture CO2 from the manufacturing process to permanently remove it from the atmosphere.
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The Group will purchase one million tonnes of sustainable jet fuel per year enabling it to cut its annual emissions by two million tonnes by 2030. This equates to removing one million cars from Europe’s roads each year.
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Luis Gallego, IAG´s chief executive, said: “IAG is investing US$400 million in the development of sustainable aviation fuel in the next 20 years. This new agreement is another important step towards achieving our goal of ten per cent sustainable aviation fuel use by 2030.
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Henrik Wareborn, Velocys’ Chief Executive, said: “This is another step in our long-standing partnership with IAG. Velocys offers an end-to-end technology solution to its clients enabling the production of SAF from waste feedstocks and the integration of carbon capture technology. It´s great to continue working with IAG on its journey to net zero by 2050.”
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Velocys, based the UK, is an international sustainable fuels technology company, providing clients with a technology solution to enable the production of negative Carbon Intensity synthetic, drop-in fuels from a variety of waste materials.
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Rex has announced the progressive rollout of Wi-Fi on the airline’s fleet of Boeing 737-800NG aircraft. Intelsat’s 2Ku Wi-Fi systems have been installed on four of the fleet of six jets in the 737 fleet and the remaining will be similarly equipped in a few months.
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The relaunch of flights from Melbourne to Sydney and Canberra next week will be followed by Melbourne-Adelaide on November 26 and both Melbourne-Gold Coast and Sydney-Gold Coast on December 17. Business class travellers will enjoy complimentary internet Wi-Fi throughout their journey. Passengers in economy will also enjoy free internet Wi-Fi until the end of November after which they’ll be able to access the internet for a small fee.
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Rex passengers will also have access to a new Inflight Entertainment (IFE) portal featuring inflight information, weather and a variety of free-of-charge TV shows and movies which will all be refreshed on a regular basis.
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Alaska Airlines has promoted Diana Birkett Rakow to Senior Vice President of Public Affairs and Sustainability, in a move that underscores the airline's commitment to lead the aviation industry with ambitious and measurable goals to protect the places the carrier flies and to support the people and communities it serves.
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Birkett Rakow joined Alaska in 2017 and has led the establishment and pursuit of the airline's climate strategy and strengthened Alaska's Environmental Social Governance (ESG) programme as a whole. Her previous title was Vice President of External Relations. In April 2021, the airline announced 2025 ESG goals across the most important areas of impact for the company, including near-term goals to be the most fuel-efficient US airline by 2025. The company also set a five-part path to net zero carbon emissions by 2040, joined the Climate Pledge and established Alaska Star Ventures to identify and enable technology that can accelerate its path to net zero. That strategy leverages operational best practices and next-generation disruptive technology to transform and reduce the long-term climate impact of aviation.
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Satair, an Airbus Services company and one of the leaders in the commercial aerospace aftermarket, and AEGEAN Airlines (AEGEAN) have signed a service agreement for Satair’s Expedited Routine Ordering (ERO) solution.
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ERO is one of Satair’s latest service offerings that provides an end-to-end routine replenishment service. It guarantees specific delivery lead times from order entry to delivery for material available ex-stock and is ordered before a specified daily cut-off time.
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Thanks to streamlined order handling and warehouse processing, as well as reliable shipping times of items stocked in Hamburg, ERO offers customers high-plannability and reduced inventory holding. ERO is a harmonised service that can be adapted to our individual customers’ needs and is rapidly gaining popularity in the market.
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The ERO solution has been implemented at AEGEAN’s location in Athens, Greece, and ensures the delivery of items to AEGEAN’s warehouse in a guaranteed time. A scope of more than 125,000 part numbers is available within the ERO service including Airbus Proprietary parts, as well as vendor parts and standard hardware, from the preferred Satair warehouse in Hamburg.
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In the third quarter of 2021, Chorus Aviation reported adjusted EBITDA of CA$78.1 million, a decrease of CA$7.8 million relative to the third quarter of 2020. The Regional Aircraft Leasing (RAL) segment's adjusted EBITDA was essentially unchanged from the prior quarter due to additional aircraft earning lease revenue offset by lower lease revenue attributable to negotiated amendments to certain lease agreements including extensions and lower earnings due to a lower US dollar exchange rate. The Regional Aviation Services (RAS) segment's adjusted EBITDA decreased by CA$7.7 million.
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Adjusted net income was CA$15.3 million for the quarter, an increase of CA$4.4 million while net income decreased CA$34.5 million over the prior period.
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As of September 30, 2021, Chorus’ liquidity was CA$258.1 million including cash of CA$223.2 million and CA$34.9 million of available room on its operating credit facility. Liquidity increased from the second quarter of 2021 by CA$80.2 million primarily due to the issuance of the Series C Debentures for net proceeds of CA$80.9 million (CA$29.8 million of which is currently held in a restricted cash account established in exchange for a conditional waiver of the 35% repayment obligation under the Unsecured Revolving Credit Facility). The net proceeds from the issuance will be used primarily to partially redeem or repay existing indebtedness, including the 6.00% Debentures which may be redeemed by Chorus on or after December 31, 2021.
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