Virgin Atlantic

Conduent Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 14, 2024
Cloud, Rationalization, Share repurchase, Partnership, Transit, Culture, Growth, Transport, Adjustment, Government, Diversity, Introduction, TCV, Employee benefits, BPS, ISG, Conduent, Virgin Atlantic

FLORHAM PARK, N.J., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Conduent (NASDAQ: CNDT), a global technology-led business process solutions company, today announced its fourth quarter and full year 2023 financial results.

Key Points: 
  • Full year 2023 pre-tax income (loss) was $(332)M versus $(127)M in the prior year.
  • Full year 2023 Adjusted EBITDA of $378M and Adjusted EBITDA Margin of 10.2% exceeded expectations.
  • Revenue and Adjusted Revenue for the full year 2023 also exceeded expectations, however, lower than the prior year.
  • In the fourth quarter, we repurchased approximately 6.6 million shares of common stock in connection with our ongoing share repurchase program, totaling approximately 8.8 million shares repurchased for the full year 2023.

LANZAJET CELEBRATES GRAND OPENING OF FREEDOM PINES FUELS PLANT, THE WORLD'S FIRST ETHANOL TO SUSTAINABLE AVIATION FUEL PRODUCTION FACILITY GOVERNMENT, CORPORATE, AND COMMUNITY

Retrieved on: 
Wednesday, January 24, 2024
Pacific Northwest National Laboratory, Aviation, ANA, Mitsui & Co., Shell, Suncor Energy, History, All Nippon Airways, PNNL, Government, Economics, SAF, IAG, Carbon, Climate change, Human, Aircraft, Aviation biofuel, Ethanol, Breakthrough Energy, International Airlines Group, Virgin Atlantic, Climate, United Nations, Agriculture, United, Energy, Renewable energy

SOPERTON, Ga., Jan. 24, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility.

Key Points: 
  • SOPERTON, Ga., Jan. 24, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility.
  • With its proprietary ethanol to SAF technology, LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and combat the worsening climate crisis.
  • "LanzaJet Freedom Pines Fuels is proof of the energy transition accelerating in real time," said Jennifer Holmgren, LanzaJet Board Director and Chief Executive of LanzaTech.
  • LanzaJet Freedom Pines Fuels is fully funded and has committed offtake agreements for all fuel produced in the next 10 years.

Virgin Atlantic Implement Payment Orchestration with CellPoint Digital

Retrieved on: 
Wednesday, January 17, 2024
Risk, System, Virgin Atlantic, Velocity, Interview, Virgin Atlantic Holidays, Distribution, Online shopping

LONDON, Jan. 17, 2024 /PRNewswire/ -- In a significant step towards enhancing the customer experience, Virgin Atlantic Airlines and its affiliated tour operator, Virgin Atlantic Holidays, have teamed up with the leading payment solutions provider for the airline industry and a pioneer in Payment Orchestration, CellPoint Digital. The full implementation of CellPoint Digital's Payment Orchestration Platform promises seamless and secure payment transactions for travellers and aims to set new benchmarks for efficiency and customer satisfaction in the airline industry's payment landscape.

Key Points: 
  • The solution enables the global airline and travel group to streamline payment processes, drive revenue and minimise transaction costs
    LONDON, Jan. 17, 2024 /PRNewswire/ -- In a significant step towards enhancing the customer experience, Virgin Atlantic Airlines and its affiliated tour operator, Virgin Atlantic Holidays, have teamed up with the leading payment solutions provider for the airline industry and a pioneer in Payment Orchestration, CellPoint Digital.
  • By partnering with CellPoint Digital, Virgin Atlantic will see reduced transaction costs by leveraging intelligent routing capabilities, gain more control over their payment processes and acquirer relationships, and centralise the management of their entire payment ecosystem through a single unified platform.
  • "Virgin Atlantic are high-performing, global enterprises with a reputation for innovation – ideal candidates for Payment Orchestration," said Kristian Gjerding, CellPoint Digital's Chief Executive Officer.
  • Payment Orchestration solves these challenges by providing a single platform that reduces complexity and gives Virgin Atlantic more control and visibility into its payment processes.

Virgin Atlantic Implement Payment Orchestration with CellPoint Digital

Retrieved on: 
Wednesday, January 17, 2024
Risk, System, Virgin Atlantic, Velocity, Interview, Virgin Atlantic Holidays, Distribution, Online shopping

LONDON, Jan. 17, 2024 /PRNewswire/ -- In a significant step towards enhancing the customer experience, Virgin Atlantic Airlines and its affiliated tour operator, Virgin Atlantic Holidays, have teamed up with the leading payment solutions provider for the airline industry and a pioneer in Payment Orchestration, CellPoint Digital. The full implementation of CellPoint Digital's Payment Orchestration Platform promises seamless and secure payment transactions for travellers and aims to set new benchmarks for efficiency and customer satisfaction in the airline industry's payment landscape.

Key Points: 
  • The solution enables the global airline and travel group to streamline payment processes, drive revenue and minimise transaction costs
    LONDON, Jan. 17, 2024 /PRNewswire/ -- In a significant step towards enhancing the customer experience, Virgin Atlantic Airlines and its affiliated tour operator, Virgin Atlantic Holidays, have teamed up with the leading payment solutions provider for the airline industry and a pioneer in Payment Orchestration, CellPoint Digital.
  • By partnering with CellPoint Digital, Virgin Atlantic will see reduced transaction costs by leveraging intelligent routing capabilities, gain more control over their payment processes and acquirer relationships, and centralise the management of their entire payment ecosystem through a single unified platform.
  • "Virgin Atlantic are high-performing, global enterprises with a reputation for innovation – ideal candidates for Payment Orchestration," said Kristian Gjerding, CellPoint Digital's Chief Executive Officer.
  • Payment Orchestration solves these challenges by providing a single platform that reduces complexity and gives Virgin Atlantic more control and visibility into its payment processes.

Griffin Global Asset Management Aircraft on Lease to Virgin Atlantic Completes Groundbreaking Transatlantic Flight using 100% Sustainable Aviation Fuel

Retrieved on: 
Thursday, November 30, 2023
Griffin, Aviation biofuel, Virgin Atlantic, SAF, Aviation, History, Airline

“We are delighted that Virgin Atlantic has selected one of Griffin’s Boeing 787-9 aircraft to perform the first 100% SAF powered transatlantic flight by a commercial airline.

Key Points: 
  • “We are delighted that Virgin Atlantic has selected one of Griffin’s Boeing 787-9 aircraft to perform the first 100% SAF powered transatlantic flight by a commercial airline.
  • This is an important milestone for both Griffin and Virgin Atlantic and reinforces Griffin’s commitment to be at the forefront of partnering with airlines in their transition to operating the newest technology aircraft and enabling their drive towards net-zero sustainability in the future,” said Marc Baer, President of Griffin Global Asset Management.
  • Shai Weiss, CEO, Virgin Atlantic said: “Yesterday was a special day, as Virgin Atlantic made history by flying the world’s first flight across the Atlantic on 100% Sustainable Aviation Fuel.
  • We’re very proud to have been partnering with Griffin since their inception and are grateful for their collaboration on this historic flight.”

Virent and Johnson Matthey: Behind the Pioneering Technology that Enabled the First 100% SAF Trans-Atlantic Flight

Retrieved on: 
Wednesday, November 29, 2023
Catalyst Technologies, Carbon, Aviation biofuel, Plastic, Climate change, General counsel, Air travel, Sugar, SAF, Heart, Marketing, Petroleum, SAK, Marathon Petroleum, Aircraft, Aviation, Johnson Matthey, Gasoline, Jet fuel, Palladium, Renewable energy, Quercus ser. Virentes, Virgin Atlantic

The Virgin Atlantic flight was powered entirely by SAF, that was a drop-in replacement for conventional jet fuel, but made solely from sustainable feedstocks.

Key Points: 
  • The Virgin Atlantic flight was powered entirely by SAF, that was a drop-in replacement for conventional jet fuel, but made solely from sustainable feedstocks.
  • Originally invented by Virent and jointly developed for commercialisation by Virent and Johnson Matthey the BioForming® process converts sustainable plant sugars into bio-aromatic products, including BioForm® Synthesized Aromatic Kerosene (SAK).
  • Johnson Matthey has collaborated with Virent, to further develop and optimise the process and catalysts that underpin the BioForming® S2A technology.
  • Virent is currently working with Johnson Matthey to further develop the BioForming® technology and license it for future commercialization.

Virent and Johnson Matthey: Behind the Pioneering Technology that Enabled the First 100% SAF Trans-Atlantic Flight

Retrieved on: 
Wednesday, November 29, 2023
Catalyst Technologies, Carbon, Aviation biofuel, Plastic, Climate change, General counsel, Air travel, Sugar, SAF, Heart, Marketing, Petroleum, SAK, Marathon Petroleum, Aircraft, Aviation, Johnson Matthey, Gasoline, Jet fuel, Palladium, Renewable energy, Quercus ser. Virentes, Virgin Atlantic

The Virgin Atlantic flight was powered entirely by SAF, that was a drop-in replacement for conventional jet fuel, but made solely from sustainable feedstocks.

Key Points: 
  • The Virgin Atlantic flight was powered entirely by SAF, that was a drop-in replacement for conventional jet fuel, but made solely from sustainable feedstocks.
  • Originally invented by Virent and jointly developed for commercialisation by Virent and Johnson Matthey the BioForming® process converts sustainable plant sugars into bio-aromatic products, including BioForm® Synthesized Aromatic Kerosene (SAK).
  • Johnson Matthey has collaborated with Virent, to further develop and optimise the process and catalysts that underpin the BioForming® S2A technology.
  • Virent is currently working with Johnson Matthey to further develop the BioForming® technology and license it for future commercialization.

Virgin Atlantic flies world's first 100% Sustainable Aviation Fuel flight from London Heathrow to New York JFK

Retrieved on: 
Tuesday, November 28, 2023
Aviation, Carbon, Aviation biofuel, Waste, Dicarboxylic acid, Research, Policy, Hope, Food chain, Hydrogen, Boeing 787 Dreamliner, ICF, Contrail, Port, Quercus ser. Virentes, Virgin Atlantic, Ester, Rolls-Royce Holdings, CO2, Petroleum, Rolls-Royce Trent 1000, Government, Virgin Unite, RMI, Sugar, SAF, RMI (energy organization), SAK, Inflation, Hamilton-Oshawa Port Authority, Marathon Petroleum, University, Sustainability, Partnership, Imperial College London, Gross value added, Rolls-Royce, Transport, University of Sheffield, Jet fuel, Airline, Renewable energy, Atlantic Ocean, Engineering, Boeing

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Virgin Atlantic's historic flight on 100% Sustainable Aviation Fuel (SAF) takes off from London Heathrow to New York JFK today, marking the culmination of a year of radical collaboration, to demonstrate the capability of SAF as a safe drop-in replacement for fossil-derived jet fuel, compatible with today's engines, airframes and fuel infrastructure.

Key Points: 
  • Flight100 proves Sustainable Aviation Fuel (SAF) is a safe drop-in replacement for fossil-derived jet fuel and the only viable mid-term solution for decarbonizing long-haul aviation.
  • Shai Weiss, Chief Executive Officer, Virgin Atlantic said: "Flight100 proves that Sustainable Aviation Fuel can be used as a safe, drop-in replacement for fossil-derived jet fuel and it's the only viable solution for decarbonizing long-haul aviation.
  • "Virgin Atlantic has been challenging the status quo and pushing the aviation industry to never settle and do better since 1984.
  • The flight represents a major milestone for the entire aviation industry in its journey towards net zero carbon emissions."

Virgin Atlantic & WNS Celebrate Two Decades of Collaboration

Retrieved on: 
Thursday, November 9, 2023
Software, Finance, Data Management, Professional Services, Technology, Fintech, Air, Transport, NYSE, Heart, Business process management, Virginity, Holding, Multimedia, Trust, Collaboration, Growth, Partnership, Travel, BPM, Automation, Airline, Virgin Atlantic, WNS

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions and Virgin Atlantic Ltd (Virgin Atlantic), a leading global airline, today marked the twenty-year anniversary of their relationship.

Key Points: 
  • WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions and Virgin Atlantic Ltd (Virgin Atlantic), a leading global airline, today marked the twenty-year anniversary of their relationship.
  • Over the past two decades, WNS and Virgin Atlantic have “co-created” unique solutions which have enabled the airline to digitally transform core, mission-critical customer experience processes and drive improved operating efficiency.
  • Virgin Atlantic and WNS have consistently co-created exceptional value through industry relevant solutions, including an award-winning refund automation offering.
  • “I am happy to celebrate our long-standing history of collaboration and achievement with Virgin Atlantic.

Elavon Announces Partnership with Virgin Atlantic

Retrieved on: 
Monday, October 30, 2023
Technology, Payments, Finance, Fintech, Air, Transport, Banking, Professional Services, Transportation, Travel, Travel Weekly Group, Senior, U.S. Bancorp, MCC, Virgin Atlantic, Airline, Elavon

Elavon, a global payments leader, will provide a range of payments services for Virgin Atlantic, the company announced today.

Key Points: 
  • Elavon, a global payments leader, will provide a range of payments services for Virgin Atlantic, the company announced today.
  • Virgin Atlantic will use Elavon’s global acquiring services, and Multi-Currency Conversion (MCC) – which allows merchants to settle in one of 100 currencies.
  • Virgin Atlantic was recently voted the best long-haul airline by Travel Weekly and currently flies from the UK to 34 destinations in North America, the Caribbean, Africa, the Middle East, and Asia.
  • Keli Sandeman, Manager, Payment Strategy at Virgin Atlantic, says, “Elavon’s expertise with global airlines, its dedicated airlines team, and its ability to work rapidly to form bespoke solutions makes it a shrewd choice for Virgin Atlantic to partner with on our payments needs.”