Airline

U.S. Global Investors Maintains Monthly Dividends, Reports Surge in Share Buybacks Amid Record Gold Prices and Optimistic Global Airlines Outlook

Retrieved on: 
Friday, June 14, 2024

Global Investors, Inc. ( NASDAQ : GROW ), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, is pleased to announce that it will continue its payment of monthly dividends.

Key Points: 
  • Global Investors, Inc. ( NASDAQ : GROW ), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, is pleased to announce that it will continue its payment of monthly dividends.
  • The record dates are July 15, August 12 and September 16, and the payment dates will be July 29, August 26 and September 30.
  • The Company’s shareholder yield in May was 9.45%, [1] which exceeded the yields on the five-year and 10-year Treasury.
  • This represents a substantial increase of approximately 45% from the number of shares purchased the same month a year earlier.

EH216-S Pilotless eVTOL Completes Debut Flight in Saudi Arabia

Retrieved on: 
Wednesday, June 12, 2024

Partnering with Front End Limited Company (“Front End”), a Saudi-based enterprise specializing in advanced solutions for various industries, this flight also highlights the transformative potential of pilotless eVTOL aircraft for the region’s transportation system.

Key Points: 
  • Partnering with Front End Limited Company (“Front End”), a Saudi-based enterprise specializing in advanced solutions for various industries, this flight also highlights the transformative potential of pilotless eVTOL aircraft for the region’s transportation system.
  • The collaboration unlocked a truly innovative solution, showcasing the remarkable potential of public-private partnerships to drive advancements in the Kingdom of Saudi Arabia.
  • His Excellency Abdulaziz Al-Duailej, President of GACA, stated: “This flight marks a major advancement in integrating Advanced Air Mobility (“AAM”) solutions into Saudi Arabia’s aviation landscape.
  • Mr. Huazhi Hu, Founder, CEO and Chairman of EHang, stated, “This debut flight of the EH216-S pilotless eVTOL in Saudi Arabia marks a significant milestone in EHang's ongoing internationalization and an important step forward in propelling global advanced UAM reform, showcasing the potential of our pilotless eVTOL products and solutions for widespread adoption in the Middle Eastern market.

Bombardier Unveils Newly Branded Global 7500 and Challenger 3500 Aircraft at Catarina Aviation Show in Brazil, Kicking Off Demo Tour with World-renowned Jets

Retrieved on: 
Wednesday, June 12, 2024

MONTRÉAL, June 12, 2024 (GLOBE NEWSWIRE) -- Bombardier announced today that its record-setting Global 7500 and best-selling Challenger 3500 aircraft will be on display during the Catarina Aviation Show on June 13-15 in São Paulo, Brazil, revealing the uncompromising attributes of these impressive business jets for clients in the region. The Global 7500 provides exceptionally fast and smooth flights for long missions, connecting clients in São Paulo directly to key destinations such as Dubai, London, Tel Aviv, New York and Geneva. The category-leading Challenger 3500 flies comfortable, seamless journeys from São Paulo to San Juan and Panama City, as well as to most destinations in Europe with a single stop. Customers in the region also benefit from piece of mind through Bombardier’s standard-setting services network, including dedicated Authorized Service Facility (ASF) MAGA Aviation at the Catarina Airport in São Paulo which provides line maintenance, Bombardier parts, and tooling for all Learjet, Challenger and Global aircraft.

Key Points: 
  • The show is the first stop on a Brazilian demo tour Bombardier is kicking off to showcase the elevated cabin experience and standard-setting performance capabilities displayed by these aircraft.
  • Bombardier is also pleased to highlight that it will have a strong presence on site, with dedicated sales teams from both business aircraft and Bombardier Defense.
  • “We are pleased to be bringing our stunning and newly branded Challenger 3500 and Global 7500 aircraft to the Catarina Aviation Show this year, highlighting the incredible performance and design attributes of these industry-defining aircraft,” said Michael Anckner, Vice President, Worldwide Pre-owned, Fleet, Defense & Latin America, Bombardier.
  • With a top speed of Mach 0.925 and an industry-leading range of 7,700 nautical miles (14,260 km), the Global 7500 aircraft features outstanding performance capabilities.

Kingsburg Truck Sales Bolsters Workhorse Partnership as Workhorse Sharpens Commercial EV Focus

Retrieved on: 
Wednesday, June 12, 2024

"We're thrilled to offer a solution that helps work truck owners in California meet ACF regulations," said Jerry Smith, President of Kingsburg Truck Sales.

Key Points: 
  • "We're thrilled to offer a solution that helps work truck owners in California meet ACF regulations," said Jerry Smith, President of Kingsburg Truck Sales.
  • The Workhorse W4 CC is a practical, reliable electric truck that replaces traditional ICE models without sacrificing performance.
  • Kingsburg Truck Sales and Workhorse are committed to assisting customers in securing these incentives, which are crucial for fulfilling the order, and simplifying the acquisition process.
  • “This divestiture narrows our focus and provides Workhorse with additional financial flexibility to advance our commercial EV product roadmap and execute our strategic plans.

Verizon Connect Honored as Silver Stevie® Award Winner in 2024 American Business Awards®

Retrieved on: 
Wednesday, June 12, 2024

NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Verizon Connect, a leader in fleet management solutions, was named the winner of a Silver Stevie® Award in the transportation category of The 22nd Annual American Business Awards®.

Key Points: 
  • NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Verizon Connect, a leader in fleet management solutions, was named the winner of a Silver Stevie® Award in the transportation category of The 22nd Annual American Business Awards®.
  • This is one of three awards that Verizon Connect has won in 2024, proving its achievements over competitors.
  • Verizon Connect was recognized as a Silver Stevie® Award winner by making significant strides in fleet management and asset tracking through innovative solutions in 2023.
  • "Verizon Connect is leading the way in revolutionizing fleet management for our customers," stated Peter Mitchell, General Manager and Senior Vice President at Verizon Connect.

Digicel Deploys Infinera’s GX Series for Deep Blue One Subsea Cable System

Retrieved on: 
Wednesday, June 12, 2024

SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Digicel has deployed Infinera’s GX Series , featuring Infinera’s ICE6 800G and FlexILS solutions, to light the Deep Blue One subsea cable connecting French Guiana, Suriname, Guyana, and Trinidad and Tobago.

Key Points: 
  • SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today that Digicel has deployed Infinera’s GX Series , featuring Infinera’s ICE6 800G and FlexILS solutions, to light the Deep Blue One subsea cable connecting French Guiana, Suriname, Guyana, and Trinidad and Tobago.
  • Deep Blue One is a new subsea cable system that spans 2,100 kilometers (km) in the Caribbean and Latin America region, providing connectivity to service providers and a direct route for offshore gas and oil rigs.
  • Leveraging Infinera’s combined solutions, Deep Blue One benefits from the latest optical networking technology, minimizing the cost per bit of the subsea cable network and carbon footprint, maximizing spectral efficiency and fiber capacity, and significantly reducing energy cost per megabit.
  • “Deep Blue One is a critical cable system, providing our customers and the oil and gas industry with much needed connectivity that did not exist previously.

ABM Announces Partnership with Phoenix’s Three Airports

Retrieved on: 
Tuesday, June 11, 2024

Encompassing 4.8 million square feet of space across the three airports, the landmark 5-year, $25 million contract reflects ABM's leadership in elevating the traveler experience, enhancing operations, and driving environmentally sustainable and responsible practices at many of the nation’s top airports.

Key Points: 
  • Encompassing 4.8 million square feet of space across the three airports, the landmark 5-year, $25 million contract reflects ABM's leadership in elevating the traveler experience, enhancing operations, and driving environmentally sustainable and responsible practices at many of the nation’s top airports.
  • "Coming off a year that saw a record-breaking number of passengers, we are thrilled to partner with the City of Phoenix," said Sean Bromfield, President of Aviation at ABM.
  • A fully integrated partnership, Phoenix Sky Harbor International Airport is also committed to its environmental, conservation and sustainability goals which closely align with ABM’s efforts to support the airport’s short and long-term objectives.
  • For more information about ABM and its comprehensive facility solutions, please visit www.abm.com .

Euroseas Ltd. Announces Time Charter Contract for its Fuel Efficient 1,800 teu Feeder Containership Newbuilding, M/V Stephania K

Retrieved on: 
Monday, June 10, 2024

The new charter will commence upon delivery of the vessel from the shipyard expected to take place on June 28, 2024.

Key Points: 
  • The new charter will commence upon delivery of the vessel from the shipyard expected to take place on June 28, 2024.
  • The acquisition was financed with a combination of own funds and a US$22.5 million loan provided by the National Bank of Fujairah.
  • This charter represents a significant improvement compared to recent fixtures, both in terms of rate and duration, as evidenced by our own fixture for its sister vessel, M/V Monica, at $16,000 for 12 months only a month ago.
  • The present charter is expected to contribute about $11.0 million of EBITDA for the minimum contracted period; it increases our remaining 2024 charter coverage to 90%.”
    The Euroseas Ltd. fleet profile after the charter of M/V Stephania K is as follows:

Lilium launches China Legal Entity as part of collaboration with the Bao’an District of Shenzhen

Retrieved on: 
Monday, June 10, 2024

Under the agreement, Lilium has established its [APAC] regional headquarters in the district by way of its recently created Chinese entity (力翎航空), meaning “Powerful Wing”.

Key Points: 
  • Under the agreement, Lilium has established its [APAC] regional headquarters in the district by way of its recently created Chinese entity (力翎航空), meaning “Powerful Wing”.
  • The collaboration will establish Lilium as an active and contributing industry player in the region’s low altitude economy, supporting relationships with local infrastructure partners, customers, and regulatory authorities.
  • By establishing the regional headquarters in China, Lilium will create new jobs in the Shenzhen region.
  • We believe the Lilium Jet is well placed to meet the demands of customers in China and across the region.

DFDS to sell Oslo-Frederikshavn-Copenhagen route to Gotlandsbolaget

Retrieved on: 
Monday, June 10, 2024

DFDS will sell mini-cruise route between Norway and Denmark to Swedish shipping company Gotlandsbolaget.

Key Points: 
  • DFDS will sell mini-cruise route between Norway and Denmark to Swedish shipping company Gotlandsbolaget.
  • Today, DFDS has announced that the route between Oslo, Frederikshavn and Copenhagen (OFC) will be sold to Gotlandsbolaget.
  • As part of the sale, approximately 800 employees in route operations and support functions will also move to Gotlandsbolaget.
  • The OFC route is first and foremost a cruise experience route carrying more than 700.000 passengers between Norway and Denmark every year.