Airline

XWELL, Inc. Reports Fiscal Year 2023 Results

Retrieved on: 
Tuesday, April 16, 2024
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The Company reported an operating loss for 2023 of approximately $28.2 million versus an operating loss of $31.2 million in 2022.

Key Points: 
  • The Company reported an operating loss for 2023 of approximately $28.2 million versus an operating loss of $31.2 million in 2022.
  • Additionally, beginning in third quarter of 2023, the Company began reporting operating results for HyperPointe within its XpresTest business.
  • Total revenue during fiscal year ended December 31, 2023, was $30.1 million compared to $55.9 million in the prior year.
  • The operating loss for 2023 was approximately $28.2 million compared with an operating loss of approximately $31.2 million in 2022.

DP World Names Manuel Martinez CEO of DP World Dominicana

Retrieved on: 
Tuesday, April 16, 2024
TRP, DP, TPE, DP World, MBA, Atmosphere, Torcuato di Tella University, Growth, Airline

SANTO DOMINGO, DOMINICAN REPUBLIC, April 16, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in logistics and trade solutions, has named Manuel Martinez CEO of DP World Dominicana.

Key Points: 
  • SANTO DOMINGO, DOMINICAN REPUBLIC, April 16, 2024 (GLOBE NEWSWIRE) -- DP World , a global leader in logistics and trade solutions, has named Manuel Martinez CEO of DP World Dominicana.
  • Martinez, who has more than 20 years of experience in global logistics and port management, joined DP World in 2010.
  • Morten Johansen, COO of DP World Americas, said: “Manuel's deep experience and understanding of port operations will significantly contribute to DP World’s vision for DP World Dominicana.
  • I look forward to his leadership in driving our operations forward as DP World continues to set new benchmarks for excellence in the Dominican Republic.”
    Manuel Martinez, CEO of DP World Dominicana, said: “I am deeply honored to assume the role of CEO for DP World Dominicana, particularly during this time of growth and expansion.

Horizon Aircraft Provides Corporate Update

Retrieved on: 
Tuesday, April 16, 2024
Aircraft, AAM, Completion, Partnership, Letter, Business analyst, Transition, Advanced Air Mobility, Vertical, Airline

TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, today is publishing a comprehensive Company update.

Key Points: 
  • ~ Continuing Detailed Design of the Full-Scale Cavorite X7 Hybrid eVTOL Aircraft, on Track for Completion and Testing in 2026 ~
    TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, today is publishing a comprehensive Company update.
  • Brandon Robinson, Chairman and Chief Executive Officer of Horizon commented, “Horizon had a tremendous start to 2024.
  • The aircraft features a patented wing system allowing it to fly the majority of its mission in a configuration similar to that of a normal aircraft.
  • With a growing team of aviation professionals, engineers and technicians, Horizon Aircraft elite prototyping team is positioned to build its full-scale demonstrator on schedule.

SAMBAZON® Açaí Bowls Continues Growth Trajectory with New Hartsfield-Jackson Atlanta International Airport Location

Retrieved on: 
Tuesday, April 16, 2024
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SAMBAZON Açaí Bowls ATL is the brand’s third airport location to open recently, following the company’s Orange County John Wayne location, and foray into the aviation world, with its Charlotte Douglas International Airport space, both opening last year.

Key Points: 
  • SAMBAZON Açaí Bowls ATL is the brand’s third airport location to open recently, following the company’s Orange County John Wayne location, and foray into the aviation world, with its Charlotte Douglas International Airport space, both opening last year.
  • "Hartsfield-Jackson Atlanta International Airport is the most frequented airport in the world, and having a presence there speaks to the love people have for both Açaí bowls and SAMBAZON," said Co-Founder and CEO, Ryan Black.
  • Signature items include SAMBAZON’s Berry Açaí Bowl, Protein Açaí Bowl, Chocolate PB Açaí Bowl, and Coconut Mango Açaí Bowl.
  • SAMBAZON Açaí Bowls’ menu offers a variety of handcrafted Açaí bowls, superfood smoothies, hearty oatmeal bowls, traditional Brazilian cheese bread, and more.

CAPA Airline Leader Summit Americas Open for Media Registration

Retrieved on: 
Tuesday, April 16, 2024
Corporation, American Airlines, Atmosphere of Earth, International, WestJet, Travel, CAPA, Allegiant Travel Company, Air Canada, Avianca, Viva Aerobus, Aviation, Airline

SYDNEY, Australia, April 16, 2024 (GLOBE NEWSWIRE) -- Complimentary media passes are now available for the CAPA Airline Leader Summit Americas on May 9th and 10th in Calgary, Canada.

Key Points: 
  • SYDNEY, Australia, April 16, 2024 (GLOBE NEWSWIRE) -- Complimentary media passes are now available for the CAPA Airline Leader Summit Americas on May 9th and 10th in Calgary, Canada.
  • The summit will bring together local leaders and international aviation experts to examine the key issues that are now shaping the sector.
  • CAPA has a limited number of complimentary in-person media passes available*.
  • Major North American airlines like United and Air Canada are now betting big on long-haul demand and bolstering their widebody fleets.

ACV Transportation Expands Services to Vehicles Purchased Outside of the ACV Platform

Retrieved on: 
Monday, April 15, 2024
ACV, Artificial intelligence, ETA, Professional, Transport, Safety, Airline

Recently, the company announced that ACV Transportation , a leading provider of vehicle logistics solutions, has expanded its services to include vehicles that were not purchased on the ACV platform.

Key Points: 
  • Recently, the company announced that ACV Transportation , a leading provider of vehicle logistics solutions, has expanded its services to include vehicles that were not purchased on the ACV platform.
  • ACV Transportation offers competitive pricing through a nationwide network of over 3,000 vetted, compliant and reliable carriers.
  • "The mission of ACV Transportation continues to be making vehicle transportation easy and reliable for our customers, now including their vehicles that were purchased outside of our platform,” said ACV Transportation Senior Product Manager Jordan Hoeber.
  • Current ACV customers can find the new ACV Transportation portal when they log into their account in the top navigation bar.

C3is Announces Agreement to Acquire Handysize Bulk Carrier from an Affiliated Company

Retrieved on: 
Friday, April 12, 2024
CISS, Airline

ATHENS, Greece, April 12, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has entered into an agreement to acquire the Bulk Carrier Eco Spitfire for $16.19 million from Brave Maritime, an affiliated company.

Key Points: 
  • ATHENS, Greece, April 12, 2024 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”) announced today that it has entered into an agreement to acquire the Bulk Carrier Eco Spitfire for $16.19 million from Brave Maritime, an affiliated company.
  • Eco Spitfire, a Marshall Islands registered vessel, was built at a Japanese ship yard in 2012, and has a cargo carrying capacity of approximately 33,664 dwt.
  • The vessel is currently trading under a time charter, scheduled to expire at the beginning of May 2024.
  • The transaction with Brave Maritime Inc., which is an affiliated company, was approved by the Company’s audit committee comprising of independent directors.

ASL Aviation Holdings Inks Deal with Reliable Robotics for 30 Aircraft Autonomy Systems

Retrieved on: 
Thursday, May 2, 2024
Robotics, Air, Transport, Technology, Artificial Intelligence, ASL Airlines Ireland, Safety, CFIT, ASL, Caravan, Aviation, Automation, Multimedia, Aircraft, Accident, Airline

Global aviation services provider ASL Aviation Holdings , and Reliable Robotics Corporation , a leader in autonomous aircraft systems, today announced that ASL has placed a deposit-backed order for 30 units of the Reliable autonomous flight system for the Cessna 208B Caravan.

Key Points: 
  • Global aviation services provider ASL Aviation Holdings , and Reliable Robotics Corporation , a leader in autonomous aircraft systems, today announced that ASL has placed a deposit-backed order for 30 units of the Reliable autonomous flight system for the Cessna 208B Caravan.
  • ASL Aviation Holdings is a world leader in wet-lease airline operations for major express freight, postal and e-commerce companies.
  • Reliable Robotics is an original member of ASL’s CargoVision forum of next-generation companies involved in pioneering new aviation and propulsion technologies.
  • In November 2023, Reliable Robotics remotely operated a Cessna 208B Caravan with no one on board , marking aviation history.

Pinnacle West Reports 2024 First-quarter Financial Results

Retrieved on: 
Thursday, May 2, 2024
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Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share of common stock, for the quarter ended March 31, 2024.

Key Points: 
  • Pinnacle West Capital Corp. (NYSE: PNW) today reported consolidated net income attributable to common shareholders of $16.9 million, or $0.15 per diluted share of common stock, for the quarter ended March 31, 2024.
  • Key factors and assumptions underlying this outlook can be found in the first-quarter 2024 earnings presentation slides at pinnaclewest.com/investors .
  • Pinnacle West invites interested parties to listen to the live webcast of management’s conference call to discuss the company’s 2024 first-quarter results, as well as recent developments, at 10 a.m.
  • For more information about Pinnacle West, visit the company’s website at pinnaclewest.com .

Joby Progresses to Next Phase of Aircraft Flight Test Program

Retrieved on: 
Thursday, May 2, 2024
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Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has successfully completed its pre-production flight test program and is now focused on the next phase of flight testing, during which the Company will use its production prototype aircraft to prepare for upcoming for-credit flight testing.

Key Points: 
  • Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has successfully completed its pre-production flight test program and is now focused on the next phase of flight testing, during which the Company will use its production prototype aircraft to prepare for upcoming for-credit flight testing.
  • Joby also demonstrated speeds exceeding 200 miles per hour and flight at altitudes exceeding 10,000 feet above mean sea level.
  • In 2023, Joby expanded its flight test program to include flights with pilots on board the aircraft , as well as completing the first-ever exhibition flight of an electric air taxi in New York City .
  • James Denham, Joby Chief Test Pilot, and the first person to fly onboard Joby’s full-scale prototype aircraft, commented: “Over the past four years, we thoroughly tested and studied our aircraft in flight, from precision landing and outwash to human factors.