Connect with us

Aerospace

JetBlue wins Spirit takeover battle with $3.8 billion deal

Breaking News : JetBlue wins Spirit takeover battle with $3.8 billion deal. After Spirit Airlines terminated its merger arrangement with Frontier Airlines, JetBlue Airways came to an agreement to acquire the affordable carrier.

Published

on

"Airlines to Avoid: Revealing the Most Disliked Carriers According to American Travelers in 2023"

NEW YORK & MIRAMAR, Fla.–(BUSINESS WIRE)– JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU) and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE) today announced that their boards of directors have approved a definitive merger agreement under which JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable upon Spirit stockholders’ approval of the transaction and a ticking fee of $0.10 per month starting in January 2023 through closing, for an aggregate fully diluted equity value of $3.8 billion and an adjusted enterprise value of $7.6 billion.

Increases JetBlue’s relevance and offers consumers more choices by leveraging the airlines’ complementary networks and fleets

Advertisement
  • The airline will offer its combined 77 million customers more options and choices.
  • JetBlue plans to bring the JetBlue Experience to all aircraft, offering JetBlue’s unique combination of low fares and award-winning service to more customers.
  • The acquisition will accelerate JetBlue’s organic growth plan with 1,700+ daily flights to more than 125 destinations in 30 countries based on December 2022 schedules.
  • The acquisition will increase relevance for JetBlue in certain key focus cities (Fort Lauderdale, Orlando, San Juan, and Los Angeles) as well as Big Four airline hubs (Las Vegas, Dallas, Houston, Chicago, Detroit, Atlanta, and Miami).
  • The combined airline will have a fleet of 458 aircraft on a pro forma basis and an order book of over 300 Airbus aircraft with fuel-efficient, lower-carbon new engine option, or neo, engines, providing increased flexibility and efficiency while mitigating the risk of limited availability of aircraft.

Brings together the best of both airlines’ cultures and values to create job growth and career opportunities for Crewmembers and Team Members

  • The combined airline will provide more career growth options, broader travel benefits, more opportunities to make a difference in the communities JetBlue and Spirit serve, and a deeper bench of intellectual capital to support the future growth of the airline.
  • The mission-driven, customer-centric airline of more than 34,000 crewmembers will further job growth, including planned insourcing of Spirit’s outsourced operations in cities where JetBlue has its own Crewmembers.
  • JetBlue will expand its no furlough commitment to Spirit’s Team Members as they are welcomed into JetBlue after closing.
  • JetBlue will ensure a smooth transition for Spirit’s corporate Team Members by retaining a Fort Lauderdale support center, in addition to JetBlue’s other support centers.
  • JetBlue is committed to working with labor leaders at both airlines and JetBlue values committee representatives to ensure the combination supports the needs of those that operate the airline.

Aerospace

Pakistan might be interested in replacing its F16 aircraft with a KAAN 5th gen fighter from Turkey.

Published

on

By

Türkiye's homegrown 5th-generation fighter jet named KAAN

Pakistan believes that Turkey’s First Fifth Generation Fighter will replace the F-16.

The air force in Pakistan is eager to replace its aging fleet. It has repeatedly asked the United States for upgrades to its F16 fleet, but the United States has refused due to pressure from its neighbors and some allies, including China.

Advertisement

Later, Pakistan forcibly acquired the newest fighter jet from China, the J-10, for its fleet despite being uncertain of the aircraft’s intended use. and some aircraft were constructed in Pakistan.

US approves sale of an F16 fighter jet to Pakistan(Opens in a new browser tab)

Advertisement

Now It is crucial for Pakistan to upgrade its air force fleet with the latest aircraft so that it has the option to choose Turkish defense manufacturing. The Turkish Air Force just got its first F-16 fighter plane that was upgraded locally. As part of Turkish Aerospace Industries’ Project Ozgur, the aircraft has been modernized. Pakistan also may get similar assistance to upgrade its fleet in the upcoming days.

When Turkey’s first fifth-generation fighter, the TAI Kaan, completes its developmental trials around 2030, Pakistan has indicated an interest in purchasing it from Turkish Aerospace Industries (TAI).

Advertisement

Ukraine enters a tender for the engine development for Turkey’s KAAN Fighter.(Opens in a new browser tab)

Pakistan currently has its sights set on the Turkish KAAN fighter jet, which was just completed and is rumored to be a fifth-generation fighter. Additionally, it displayed some of the aircraft’s features and perspective, which are somewhat reminiscent of those of the US F22 and Russian Su 57.

Advertisement

How will be the Tejas Mark 2 compared to the F-16 block 50/52?(Opens in a new browser tab)

Pakistan may variety of options with Turkey. even it can ask for the domestic production of the Turkish fighter jet and also it can import most of the weapons. Turkish is also willing to make the agreement with Pakistan, it is already looking for buyers for its newly developed products.

Advertisement

Turkish engineers hope to make their fifth-generation aircraft more competitive with the US F35 or the Russian Su-57. However, it will take some time as the Turkish manufacturing industry’s biggest problems are the engines and avionics, which they are always working to resolve.

Currently, Turkey manages the majority of aircraft, although it is working to acquire engines, many of which may come from Rolls-Royce for its KAAN TFX fighter.

Advertisement

Advertisement
Continue Reading

Aerospace

French government provides €5.6M funding to boost for VoltAero Cassio electric-hybrid aircraft

Published

on

French government provides a €5.6M funding boost for VoltAero Cassio electric-hybrid aircraft

A new €5.6 million grant from the French government through BPI France, the organization that supports France’s economic growth by aiding its entrepreneurs, has bolstered VoltAero’s funding for the development of its Cassio 330 electric-hybrid aircraft.

The funding was made available through the “France 2030” investment plan, which was formed by the French government with the aim of sustainably modernizing important areas of the nation’s economy, including aviation.

Advertisement

Air Canada to Acquire 30 ES-30 aircraft.(Opens in a new browser tab)

The Cassio 330 is the first of three electric-hybrid aircraft models from VoltAero that have a lot in common and are highly flexible. The family’s design is based on the sleek, aerodynamically-optimized aircraft from VoltAero’s clean-sheet configuration.

Advertisement

The Cassio family will be a highly skilled and dependable product line for local commercial operators, air taxi/charter firms, individual owners, as well as utility-category service for cargo, mail delivery and medical evacuation (Medevac) applications.

Jet Airways announces temporary suspension of flight operations(Opens in a new browser tab)

Advertisement

Cassio will perform orders of magnitude better than the competition by incorporating VoltAero’s proprietary electric-hybrid propulsion system into the specially designed aircraft, and it will have much lower operating expenses.

The Cassio 330, an electric-hybrid vehicle with five seats and a 330-kilowatt propulsion system, will be the first version to enter service. The six-seat Cassio 480 from VoltAero will have an electric-hybrid propulsion power of 480 kilowatts, while the 12-seat Cassio 600 has a propulsion power of 600 kilowatts.

Advertisement
Continue Reading

Aerospace

Bringing back its Boeing 777 aircraft from Russia is currently a nightmare for Air India

Published

on

By

On June 6, an Air India direct flight AI173 carrying over 200 people from Delhi to San Francisco, California, had to make an emergency landing in Magadan, Far Eastern Russia. After 40 or so hours, the stranded passengers were finally transported to San Francisco by a different airline.

Bringing back its Boeing 777 aircraft from Russia is currently a nightmare for Air India. Since there was a technical issue and the plane had to land in Magadan, efforts were made to transport the passengers from the ferry flight.

Advertisement

Let’s learn more about the problems with aviation. The majority of long-haul flights have technical problems, mostly engine-related. Now that certain airlines have received necessary ground support from other airlines, flying foreign airlines into Russia, which has already received sanctions from Western countries, has been restricted.

231 Air India passengers were from India, the U.S., and Canada. Due to an engine issue, Boeing spent over two days in Magadan. The travelers’ sleeping arrangements were made at a school, a dorm, and the House of Culture. Everyone was fed, given water, and loaded onto a backup aircraft.

Advertisement

How passengers of Air India AI173 were hosted in Russia.(Opens in a new browser tab)

However, the Air India AI173 flight from Delhi to Magadan is still present in the Russian tundra. As officials work to find a means to bring the aircraft out and back to India, it is likely to stay that way for a while, perhaps months.

Advertisement

The GE90-115B engine from GE Aerospace powers the Boeing 777 operated by Air India.

There are various factors to take into account regarding the shipment if Air India is required to transport a spare engine and receives approval as well.

Advertisement

Trucks are the greatest option for moving aircraft engines, however, flying is also an option for farther distances.

Air India resumes its most popular Bengaluru & San Francisco non-stop service(Opens in a new browser tab)

Advertisement

The only option for plane India is plane travel. Specialized equipment is necessary for this as well.

The majority of AN 132 and other aircraft can carry a spare engine, however owing to the Ukraine issue, this aircraft may not be available, thus it must approve other cargo aircraft to carry additional engines.

Advertisement

According to the Dutch air freight company VRR Aero, the PZE engine stands pallet is the best and only option for transferring jet engines to the main deck of wide-bodied aircraft like the Boeing 777.

Air India aircraft AI173’s emergency landing in Russia en route to San Francisco(Opens in a new browser tab)

Advertisement

In addition, there are more airborne methods for moving aircraft engines. Air freight is frequently transported by the enormous Antonov 124 aircraft.

The problem, though, is that a sizable portion of these Antonov freight planes are either in Russia or Ukraine. One of these airplanes, Mriya, was damaged during the battle in Ukraine. There are just five, mostly in Europe, outside of Russia and the Ukraine.

Advertisement

Air India resumes its non-stop service between Mumbai and New York(Opens in a new browser tab)

Given that GE is an American corporation, a Russian aircraft cannot be purchased there.

Advertisement

Boeing is one of the companies that rent Antonov cargo aircraft to ship big engine parts across the globe.

Advertisement
Continue Reading
Advertisement

Advertisement

Trending