Montréal Bombardier Inc., Business Aircraft, Press Release
Bombardier March 14, 2019 confirmed the conclusion of the previously announced sale of its flight and technical training activities to CAE, for an enterprise value of $645 million. Net proceeds are expected to be approximately $500 million after the assumption of certain liabilities, fees, and closing adjustments.
“Bombardier and CAE share a deep commitment to providing outstanding support to their customers,” said Jean-Christophe Gallagher, Vice President and General Manager, Customer Experience, Bombardier Business Aircraft. “Bombardier’s talented employees and strong relationships with clients, combined with CAE’s network and expertise, will elevate the customer experience. As CAE grows its core training business, Bombardier continues to expand its service offerings and dedicated support, each to the benefit of Bombardier Business Aircraft customers around the world.”
Bombardier and CAE also agreed to continue their Authorized Training Provider (ATP) relationship pursuant to which CAE carries out the training activities for Bombardier Business Aircraft, including from the training centres located in Montréal and Dallas.
Montréal
Business Aircraft,
Press Release
press release
Largest airline group in Europe becomes the newest Dreamliner customer
Boeing [NYSE: BA] and Lufthansa Group today completed an order for 20 787-9 Dreamliner airplanes. With the deal, valued at up to $5.8 billion per list prices, the largest airline group in Europe becomes the latest customer for the fastest-selling widebody airplane of all time.
Lufthansa Group has been strategically expanding and modernizing its world-class fleet in recent years. By introducing the super-efficient and long-range 787 family, the airline group will be able to fly farther and reduce fuel costs and emissions by more than 20 percent compared to previous-generation jets.
“We are very pleased that the ultra-modern Boeing 787-9 is now also expanding our long-haul fleet," said Dr. Detlef Kayser, Member of the Executive Board Lufthansa Group, Airlines Resources & Operational Standards. "With the 20 aircraft of this type now ordered, we will reduce our operating costs, reduce complexity in our long haul fleet, improve our environmental performance and provide our passengers with the most modern cabins in their respective category with reference class travel comfort.”
The airline group comprises network airlines such as Lufthansa and SWISS that offer passengers premium service and extensive flight options, and “point-to-point” carriers such as Eurowings that offer competitive flights for price-sensitive customers.
“Lufthansa Group is one of the most respected and innovative companies in the airline industry. We are extremely honored that they have again chosen to build their future with Boeing’s widebody jet family and we greatly look forward to delivering the 787 Dreamliner and the new 777X to Lufthansa in the coming years,” said Kevin McAllister, president & CEO of Boeing Commercial Airplanes.
Built with lightweight composite materials and powered by advanced engines and a suite of new technologies, the 787 family has helped airlines save 33 billion pounds of fuel and open more than 210 new non-stop routes around the world.
“The 787’s incredible fuel efficiency and range provide tremendous flexibility for Lufthansa Group since its airlines will be able to profitably operate the airplane on a wide range of route networks and business models,” said McAllister.
Lufthansa Group’s passengers will also be able to enjoy the Dreamliner’s larger windows, lower cabin altitude, smooth-ride technology, and other amenities.
More about the 787-9 and the Dreamliner family
At 63 meters (206 feet), the 787-9 can fly 290 passengers, in a typical two-class configuration, up to 7,635 nautical miles (14,140 kilometers). Since its launch, the 787 has won more than 1,400 orders from now 76 customers. Boeing has delivered nearly 800 Dreamliner airplanes to customers around the world.
press release
Rolls-Royce is celebrating another milestone in the Trent XWB success story with the delivery of the 100th Trent XWB engine assembled at the production line in Dahlewitz, Germany. The engine will be delivered to Airbus in Toulouse to power Lufthansa’s latest A350-900 aircraft. The Lufthansa Group, one of Rolls-Royce’s most important airline customers, has operated Trent engines since 2003 and has more than 60 Rolls-Royce powered widebody aircraft in service.
More than 1,700 Trent XWB engines in service and on order worldwide reflecting strong customer demand for the Airbus A350 XWB, and Rolls-Royce has continued to ramp up production, assembling Trent XWB engines in both Derby, UK and Dahlewitz, Germany. Together, both production lines deliver the equivalent of one Trent XWB engine each working day of the week.
The Trent XWB is the world’s fastest-selling widebody engine and the programme continues to mature, recently achieving the milestone of passing three million engine flying hours, four years after the first passenger flight.
Warren East, Chief Executive Officer, Rolls-Royce, attended the ceremony and said: “With over 450 engines already delivered and three times that number on firm order the Trent XWB is a key part of our Civil Aerospace product portfolio. We are proud of our teams in Germany and the UK and their successful cooperation, delivering outstanding engines every day and supporting the Airbus A350 assembly line and airline customers worldwide.”
The Trent XWB is the largest of the Trent family and the most efficient large aero engine flying today. Since its maiden flight, the Trent XWB has covered more than 1.5 billion miles – the equivalent of flying to the sun and back eight times. It helps connect 99 cities worldwide with more than 450 different routes, and since entering service the engine has demonstrated excellent reliability, including, for example, being ready to take off at its scheduled departure time more than 99.9% of the time.
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