Boeing | January 07, 2022
Boeing [NYSE: BA] and Atlas Air Worldwide today announced an order for four 777 Freighters. The order, placed in December, rounds out a record-setting 2021 for Boeing's freighter family including new-production and converted models. Boeing has forecast that the global freighter fleet will grow by 70% in the next 20 years, with freight carriers such as Atlas Air supporting a rapidly expanding global e-commerce business and evolving supply chains.
"We are excited to expand our fleet and service offerings for our existing and prospective customers with these four new 777s. With the best team in the industry as well as our focus on innovation and prudent fleet management, Atlas is serving the evolving needs of the global supply chain and delivering value for our customers,"
- John W. Dietrich, Atlas Air Worldwide president and CEO.
Boeing's market-leading 777 Freighter is the world's largest, longest-range and most capable twin-engine freighter, with the lowest trip cost and highest reliability of any large freighter. With a range of 4,970 nmi (9,200km), the 777 Freighter can carry a maximum revenue payload of 102 tonnes (224,900 lb), while reducing fuel use and CO2 emissions compared to prior airplanes. This capability and exceptional efficiency translate into significant savings for cargo operators, with fewer stops and associated landing fees.
"We are honored that Atlas Air Worldwide, as a global leader in airfreight, has once again selected to grow with Boeing and our freighter family. These new 777 Freighters provide Atlas with more capacity, fuel efficiency and operational flexibility for its customers, As air cargo demand continues to grow, we're confident that the efficiency, capability and flexibility of our freighter family will meet customer needs now and in the future."
-Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.
Through November, Boeing had surpassed the previous freighter record including 80 orders for new production freighters and more than 80 orders for converted models. The company will announce full-year 2021 orders and deliveries on January 11.
Atlas Air currently has 14 777s and is the world's largest operator of 747 Freighters, with 49 in its fleet. These two models, in particular, are designed to partner seamlessly, enabling operators to transfer tall and outsized cargo loads easily between the two on 3-meter (10-foot) tall pallets. The cargo and passenger carrier also operates a fleet of 767 and 737 airplanes.
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity.
SOUTHWEST AIRLINES CO. | January 05, 2022
Southwest Airlines Co. (NYSE: LUV) today launched a sale with fares as low as $39 one-way. Customers can jump start the New Year and book their spring travel getaway through Jan. 6, 2022, for travel taking place Jan. 18, 2022, through May 18, 2022. Visit Southwest.com to view fares as well as terms and conditions.
"We're kicking off the New Year with a huge sale for spring travel, making it easier than ever to meet your travel goals for 2022, Southwest® offers all Customers low fares, legendary Hospitality, and flexible policies, including no cancellation fees, no change fees, and bags fly free®*, which makes trip planning and day-of traveling to one of our 121 destinations across our network that much easier."
-Bill Tierney, Southwest Airlines Vice President of Marketing.
Examples of one-way, low-fare** spring getaways on Southwest.com include:
As low as $39 one-way nonstop between Atlanta and Panama City Beach, Fla.,
As low as $39 one-way nonstop between Baltimore/Washington (BWI) and Syracuse,
As low as $39 one-way nonstop between Phoenix and Palm Springs, Calif.,
As low as $59 one-way nonstop between Las Vegas and Bellingham, Wash., and
As low as $89 one-way nonstop between Denver and Santa Barbara, Calif.
SOUTHWEST AIRLINES SALE FARE RULES
A 14-day advance purchase is required. Purchase today through Jan. 6, 2022, 11:59 p.m. Central Standard Time. Continental U.S., continental U.S. to/from Hawaii, to/from San Juan, Puerto Rico, interisland Hawaii, and international travel is valid Jan. 18, 2022, through May 18, 2022. Except as otherwise specified, continental U.S. travel is valid only on Tuesdays and Wednesdays. Fares are valid on nonstop service where indicated; if not indicated, fares are valid on a single connecting service. Displayed prices include all U.S. and international government taxes and fees. Rapid Rewards® points bookings do not include taxes, fees, and other government/airport charges of at least $5.60 per one-way flight. Seats and days are limited. Fares may vary by destination, flight, and day of the week and won't be available on some flights that operate during very busy travel times and holiday periods. Travel is available for one-way Wanna Get Away® fares. Fares may be combined with other Southwest Airlines combinable fares. If combining with other fares, the most restrictive fare rules apply. Sale fares may be available on other days of the week, but that's not guaranteed. Fares are nonrefundable but may be applied toward future travel on Southwest Airlines, as long as reservations are canceled at least 10 minutes prior to the scheduled departure. Failure to cancel prior to departure will result in forfeiture of the remaining funds on the reservation. Any change in itinerary may result in an increase in fare. Standby travel may require an upgrade to the Anytime fare depending on Rapid Rewards tier status. Fares are subject to change until ticketed. Offer applies only to published, scheduled service.
ABOUT SOUTHWEST AIRLINES CO.
Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Celebrating its 50th Anniversary in 2021, Southwest took flight in 1971 to democratize the sky through friendly, reliable, low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its nearly 54,0002 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among as many as 130 million Customers carried a year. That formula for success has brought industry-leading prosperity and 47 consecutive years3 of profitability for Southwest Shareholders (NYSE: LUV). Southwest continues to develop tangible steps toward an environmental sustainability goal of achieving carbon neutrality by 2050. Learn more at Southwest.com/citizenship about how Southwest Airlines leverages a unique legacy and mission to serve communities around the world.
SKYTRAX | January 10, 2022
The City of Houston now boasts the only 5-Star rated airport throughout the state of Texas and North America after William P. Hobby Airport achieved a 5-Star Airport status in the Skytrax World Airport Star Rating for 2022.
The Skytrax World Airport Star Rating is a global benchmark of quality evaluation for the aviation industry. Airports are rated between a 1-Star and 5-Star level following a detailed audit analysis of facilities and staff service to customers across all front-line areas of the airport environment.
"This is a well-deserved and unique distinction for the City of Houston and our airport system, Hobby Airport stands among the best in the world and this rating proves that being committed to first-class service is a tremendous benefit for Houston and the entire region."
-Houston Mayor Sylvester Turner
Hobby Airport excelled in all 29 rating categories, achieving the highly coveted 5-Star Rating. The international rating organization also highlighted the airport's "wide range of substantial guest experience upgrades to the terminal interiors, passenger facilities, and customer service initiatives." Recent improvements include a new children's play area, state-of-the-art restroom facilities, modern signage and information systems, a prayer room and a new stage for live music performances, to highlight just a few. Hobby Airport becomes one of just sixteen 5-Star Airports across the world.
"The entire Houston Airports team has worked tirelessly toward reaching this accomplishment at Hobby Airport, Providing the highest quality of customer service, exceptional amenities and cutting-edge facilities has earned us five stars at Hobby Airport and an improved 4-Star rating at Bush Airport, and now we owe it to our passengers to continue delivering excellence at every step of the airport experience."
-Director of Aviation Mario Diaz
George Bush Intercontinental Airport maintained its 4-Star rating for a fifth consecutive year and consistently improved its score across the rating categories. Construction continues to advance the international terminal redevelopment program, which will support the efforts to achieve the ultimate goal for Houston to serve as home to not just one, but two 5-Star rated airports.
ABOUT HOUSTON AIRPORTS
Houston Airports is the City of Houston's Department of Aviation. Comprised of George Bush Intercontinental Airport, IAH, William P. Hobby Airport, HOU, and Ellington Airport/Houston Spaceport, EFD, Houston Airports served an estimated 44 million passengers in 2021 and nearly 60 million in 2019. Houston Airports forms one of North America's largest public airport systems and positions Houston as the international passenger and cargo gateway to the South Central United States and as a primary gateway to Latin America.
Skytrax, the international air transport rating organisation, was established in 1989, and is based in London, United Kingdom. The World Airport Rating programme is a leading international Rating system operating since 1999, which classifies airports across the globe by the quality of product and staff service.
Aerkomm Inc. | January 20, 2022
Aerkomm Inc. ("Aerkomm" or "the Company") (Euronext Paris: AKOM;OTCQX: AKOM), a development stage service provider of In-Flight Entertainment and Connectivity solutions for the airline industry using Ka-band technology, today announced that it entered into a joint venture (the "Joint Venture") agreement (the "Agreement") with Sakai Display Products Corporation ("SDPJ"), a company incorporated under the laws of Japan, and PanelSemi Corporation ("PanelSemi"), a company incorporated under the laws of Taiwan, on January 10, 2022.
Through this Joint Venture, Aerkomm will develop and commercialize a tile antenna ("Tile Antenna"). The Joint Venture will be operated through a to-be-established California corporation ("Newco"), which will be owned initially 100% by SDPJ. Aerkomm will license to Newco its intellectual property, know-how and research and development results related to the Tile Antenna. SDPJ will provide Newco with working capital to develop the Tile Antenna proof of concept ("POC"). Upon approval of the POC, Aerkomm will contribute the intellectual property to Newco in exchange for 52% of the equity interest in Newco, and SDPJ and PanelSemi collectively will contribute $20 million in cash (less the contributions funded prior to the POC approval). SDPJ will hold 45% of Newco's equity interest and PanelSemi will hold the remaining 3%.
Moreover, according to the Agreement, SDPJ will invest €7.5 million in Aerkomm via private placement upon approval of the POC.
In the event that the POC is not achieved within 11 months following the signing of the Agreement, the Joint Venture will be terminated, at which time we will terminate the intellectual property license to Newco and Newco will remain 100% owned by SDPJ.
"This agreement marks the first step in our partnership with SDPJ and PanelSemi. The joint venture will facilitate the development of a tile antenna to further our technological capabilities and better serve our customers. Looking ahead, we look forward to opportunities to expand our business and developing new industry-leading technology."
-Mr. Louis Giordimaina, CEO of Aerkomm
About Aerkomm Inc.
Aerkomm Inc. (Euronext Paris: AKOM;OTCQX: AKOM), operating through its wholly owned subsidiary, Aircom Pacific, Inc., is a development stage service provider of in-flight entertainment and connectivity solutions for the airline industry. The Company strives to become a leading provider of a wide range of in-flight broadband entertainment and connectivity services, including Wi-Fi connectivity, cellular networks, movies, gaming, live television, and music. Aerkomm aims to reshape the market for in-flight entertainment and connectivity services by offering on-board connectivity to its airline partners and passengers for free, generating revenue through advertising and on-board transactions.