German airlines – Windge Fluester http://windgefluester.net/ Mon, 09 May 2022 02:55:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://windgefluester.net/wp-content/uploads/2021/05/cropped-icon-32x32.png German airlines – Windge Fluester http://windgefluester.net/ 32 32 Infamous con man Wayne Eaglesome becomes German ‘millionaire’ Alex Neumann https://windgefluester.net/infamous-con-man-wayne-eaglesome-becomes-german-millionaire-alex-neumann/ Sun, 08 May 2022 23:19:00 +0000 https://windgefluester.net/infamous-con-man-wayne-eaglesome-becomes-german-millionaire-alex-neumann/ Infamous scammer Wayne Eaglesome has reappeared in Turkey and Bangkok in recent weeks, claiming to be a German national with $90 million in bitcoin. Eaglesome, who has more than 250 convictions and around 40 aliases, fled New Zealand around a year ago when he was charged with breaching his release conditions. In December, it was […]]]>

Infamous scammer Wayne Eaglesome has reappeared in Turkey and Bangkok in recent weeks, claiming to be a German national with $90 million in bitcoin.

Eaglesome, who has more than 250 convictions and around 40 aliases, fled New Zealand around a year ago when he was charged with breaching his release conditions.

In December, it was revealed that he had traveled to Spain to offer men large sums of money in exchange for sex under the name Friedrich Freiherr Von Thyssen.

Several backpackers have now come forward to share their experiences with a man named “Alex Neumann” in Bangkok and Turkey.

READ MORE:
* Repeat fraudster Wayne Eaglesome surfaces in Spain after fleeing New Zealand
* Prolific con man Wayne Eaglesome released from prison, new alias in days
* Prolific scammer with over 250 convictions and almost 40 aliases imprisoned again
* Christchurch crook Wayne Eaglesome claimed to be a millionaire, faked his death

An American backpacker, who declined to be named, met Neumann on May 2 at a hostel in Istanbul.

Con artist and convicted sex offender Wayne Eaglesome has surfaced in Spain and is offering people €20,000 for ‘full service’.

The backpacker and his wife were receiving instructions from the hostel on how to get to the famous mosque, the Hagia Sophia, when a man carrying a bag full of magnum ice creams told him and his wife, “you look like you need ice cream”.

Do you know more? Email sam.sherwood@stuff.co.nz

The man had an accent that sounded like “fancy lords in England”.

“He was easy to like and we walked away from the hostel feeling like we already had friends to meet later.”

Wayne Eaglesome, who now goes by Alex Neumann, pictured with backpackers in Istanbul.

PROVIDED

Wayne Eaglesome, who now goes by Alex Neumann, pictured with backpackers in Istanbul.

Later that day, when the backpacker returned to the hostel, Neumann, who had a New Zealand passport under that name, invited the couple and six other backpackers to dinner.

Before they left, he explained to them that he was a German national, had attended Oxford and now worked for a large investment management company. He claimed to have an apartment in Berlin, but spent most of his time in Frankfurt and Brussels.

Neumann paid for everyone’s meals which came to around NZ$135. After dinner, they returned to the inn bar. He told the backpacker about his Russian clients who were “great people” who opposed the war in Ukraine but whose assets were frozen.

During the conversation, Neumann shouted to everyone in the bar for a beer.

“I didn’t think of anything other than maybe he has so much money that a few beers are nothing at all.”

Neumann used his phone to show the backpacker he had $90 million in bitcoins.

He said some of his Russian customers were selling bitcoin at a discount. He had three rooms and would be happy to share one with the backpacker.

The backpacker, who had bitcoin, but had “no interest in helping Russian millionaires,” said he would consider the offer.

Alex Neumann claimed he was a German millionaire.

Provided

Alex Neumann claimed he was a German millionaire.

Two days later, over breakfast, Neumann told the backpacker that another backpacker had bought some of his bitcoins.

The backpacker grew even more suspicious when Neumann started talking about his recent trips to Barcelona, ​​Thailand and Cambodia.

Neumann’s memory of the visa processes didn’t match the backpacker’s, so he started researching Neumann.

He started by going through his Instagram account.

“His posts only go back to March, he’s never in the photos and they all look like stock photos,” he said.

“Family vacation photos are all filtered to the point that they look like watercolors.”

He then found his LinkedIn account, which had all the credentials he claimed to have.

Later that day, this hiker’s wife came across a Thing article on Wayne Eaglesome, which referred to a different spelling of his later alias “Alexander Newman”.

Eaglesome was jailed for two years and three months in October 2018 after a Thing the investigation revealed that he ran a business despite being banned from being a director.

In April 2021, he was charged with breaching his release terms after it was revealed he tried to rent a luxury apartment and promised to fill it with wealthy clients for $500 a night.

He twice failed to appear in court on these charges before fleeing the country.

“She clicked on the video, and we didn’t even have to play it. It’s Alex. One million percent, Alex…clear as day.

Wayne Eaglesome was jailed for two years and three months in October 2018.

Thing

Wayne Eaglesome was jailed for two years and three months in October 2018.

They told the hostel and their fellow backpackers. He said the hostel called police who said he was not on an Interpol list.

The backpacker couple returned to the same restaurant where they dined with Neumann and shared their stories about him, giving him the nickname “Hostel Hustler”.

Several of the backpackers had given their resumes to Neumann after he said he could find them jobs, and worried what he might do with the information.

Neumann, who had told the backpacker he was in Turkey for weight loss surgery, left the next day.

“I thought he was magnetic, friendly, funny, quick-witted, provocative super smart, basically everything you’re told crooks are.”

Several other backpackers also say they met Neumann in Bangkok shortly before his trip to Turkey.

A Norwegian backpacker said he was “very generous”, buying drinks and food for everyone in the hostel.

“He told a lot of crazy stories about his life, how rich he was.”

He claimed to have dined with the Norwegian king and queen and said he had medals from different royal families.

Eaglesome has over 250 convictions and once faked his death.

Thing

Eaglesome has over 250 convictions and once faked his death.

He told one of his friends that he was a lord and was about to become part of the royal family.

Another backpacker claimed Neumann recounted how he scammed airlines, hotels, and even obtained fake IDs.

Neumann’s Instagram showed off a lavish lifestyle with trips to London, Berlin, Tokyo, Brussels and Barcelona.

On April 21, he posted a message online, claiming to have purchased a new Mercedes “for the summer of 2022”.

“He just arrived at my house in Germany, and I’m delighted to take him for a ride. Who wants to join me?

A few days earlier, he had posted a photo of a plane ticket.

“A business class trip around the world that takes me to five countries in the next 20 days.”

He also posted that he wants to invest in a bar in Barcelona. He changed his account privacy settings after Thing approached him for a comment.

The phone number he gave to backpackers doesn’t work anymore either.

New Zealand Police said earlier they were aware Eaglesome was overseas, but had no further comment.

On Monday, a police spokesperson said there was “no new information we can share at this time.”

One man, many names

Eaglesome is known to have used the following aliases over the past two decades: Alex Bauer, Ari Ben Yitzhak, Bernhardt Augustus Bentinck, Alex Oliver Bergen, Wayne Blane, William Jury Conner, Wayne Drury Eaglesome, Wayne Jury Eagleson, Alekksandr Eichelbaum, Alekksandr Mikhail Eichelbaum, Alexandr Miles Eichelbaum, Alexander Mikhail Eichelbaun, Barnaby David Gordon, Xavier Edward James Phillip Grosvenor, Xavier Ignatius Grosvenor, Jordan James Halifax, Angus Harrow, William Louie Lantz, Bernhardt Longwater, Michael Macgregor, Alexander Montague, Richard Alexander Mountjoy, Alexander Baruch Friedlander Newman, Clifford James Norton, Pete Palladino, Peter Anthony Palladino, Peter Rallidino, Joseph Rose, Friedrich Freiherr Von Thyssen, Lantz William, Alexandar Mikhail Yourievich, Alexander Michael Yourievich, Alexandr Miles Yourievich, Alexander Zoltan, Alekksandr Zolton and Pietro-tisza Alexander Zolton

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460 air routes with over 34,000 rotations to Croatia in summer 2022 https://windgefluester.net/460-air-routes-with-over-34000-rotations-to-croatia-in-summer-2022/ Sat, 07 May 2022 00:46:08 +0000 https://windgefluester.net/460-air-routes-with-over-34000-rotations-to-croatia-in-summer-2022/ Based on information collected from Croatian airports, the Croatian National Tourist Board revealed that Croatia will be connected to other countries of the world with more than 460 unique airlines during the summer flight schedule. Moreover, this year, Croatia is at the top of the list of the most popular tourist destinations in the Mediterranean, […]]]>

Based on information collected from Croatian airports, the Croatian National Tourist Board revealed that Croatia will be connected to other countries of the world with more than 460 unique airlines during the summer flight schedule.

Moreover, this year, Croatia is at the top of the list of the most popular tourist destinations in the Mediterranean, reports SchengenVisaInfo.com.

In a statement released on May 4, the director of the Croatian National Tourist Board, Kristjan Staničić, said that over the past two years marked by COVID-19, there has been a significant drop in air traffic, and therefore tourist trips during this period. were made mainly with their means of transport.

“However, this year the recovery in air traffic has continued successfully as we are seeing a significant increase in the number of flights. Thus, more than 460 airlines with more than 34,000 rotations will operate to our country during the summer, which is almost equivalent to the number of flights and rotations of the 2019 record”, he also added.

Depending on the airports; data, the highest number of rotations, in general, is expected in Zagreb and Split with around 10,000 rotations, while compared to 2019, the highest increase in the number of rotations is expected in Zadar with +63% and Rijeka with +8% cent.

“Additionally, during the summer season, Croatia will be connected to 131 foreign cities, which is slightly less than the 134 cities Croatia was connected to in 2019. Most of the global rotational connections will come with markets in Germany. , Great Britain, France and Italy. , and the Netherlands, the statement released by the Croatian National Tourist Board reads.

During this summer season, 66 different airlines will operate on routes between Croatia and international destinations. On the other hand, the companies planning more flights are Ryanair, Croatia Airlines, EasyJet, Lufthansa and Eurowings.

Moreover, a study provided by some Austrian organizers revealed that Croatia is at the top of the foreign destinations most sought after by Austrians.

In a press release published on Wednesday May 5, the Croatian National Tourist Board announced that a survey of around 12,000 participants, entitled “Travel Barometer 2022″, showed that Croatia was the number one destination for Austrians .

Earlier, the Croatian Bureau of Statistics revealed that in February the number of passengers arriving in Croatia by air reached 177,000, which is 337.7% more than in the corresponding period of 2021 and 29.3% more. less than 2019 levels.

In addition, the highest passenger traffic was reported by Zagreb airport with 148,000 passengers, which compared to last year marked an increase of 379.7%, while this airport does not had only 31,000 passengers. It is followed by Split airport, with 19,000 passengers, which is 228.6% more than in 2021, and in third place is Dubrovnik airport, with 9,000 passengers.

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Lufthansa adds workspace reservations to flights as part of Biz Travel Push renewal https://windgefluester.net/lufthansa-adds-workspace-reservations-to-flights-as-part-of-biz-travel-push-renewal/ Wed, 04 May 2022 13:22:08 +0000 https://windgefluester.net/lufthansa-adds-workspace-reservations-to-flights-as-part-of-biz-travel-push-renewal/ Skift grip For an airline that not so long ago shifted away from business travel, two new partnerships suggest it’s thinking twice about the decision. Matthew Parson German airline Lufthansa has added two new partnerships to capitalize on the surprisingly rapid recovery in business travel. The airline launched Lufthansa Global Spaces on Wednesday to allow […]]]>

Skift grip

For an airline that not so long ago shifted away from business travel, two new partnerships suggest it’s thinking twice about the decision.

Matthew Parson

German airline Lufthansa has added two new partnerships to capitalize on the surprisingly rapid recovery in business travel.

The airline launched Lufthansa Global Spaces on Wednesday to allow passengers to book desks, offices and conference rooms. The platform integrates with its Miles & More loyalty program so members can earn extra points.

And with its eye firmly set on seamless travel, the Lufthansa Group on Wednesday also launched another solution called BusinessToGo, in partnership with corporate travel agency startup TripActions. This platform was designed for small and medium-sized businesses and includes access to accommodation, train and car rental content, as well as flights.

In the spring of last year, Lufthansa took steps to target leisure travelers more. In April 2021, it took a number of steps to accommodate fewer lucrative business travelers and retired long-haul aircraft with large business and first-class cabins.

What a difference a year makes, and these last two partnerships suggest he’s thinking twice about that decision.

However, the new workspace platform, which was developed by Lufthansa Innovation Hub, the Lufthansa Group‘s digital innovation unit, and the Hubli booking system will initially only be available for three months to test the waters. And only five cities – Berlin, Munich, Barcelona, ​​Singapore and New York – will be available initially.

It’s also not the first airline to try its hand at combining flights with workspaces. In October 2020, as the pandemic took hold, United Airlines entered into an agreement with meeting space and events aggregator Peerspace to offer packages to companies wishing to bring employees together away from the office.

United did not comment on how it would fare for Skift, but in March Peerspace said corporate demand for meeting spaces had risen from 2020 lows, and it predicted 300% growth in bookings. compared to the same period in 2020, and 1,300 percent growth compared to the second quarter of 2020. He was also working on a new “Peerspace for Business” solution. “United will likely play a role in this, as will several other large companies,” a spokesperson said.

But like United, Lufthansa has noted the rapidly changing nature of post-Covid work trends.

“Traditional business travel has declined significantly since the start of the Covid pandemic. At the same time, we have seen more and more how the work and vacation categories are becoming blurred,” said Christine Wang, Managing Director of Lufthansa Innovation Hub. “Travelers today are often away for longer periods of time and sometimes work remotely. We believe this trend will only continue.

If successful, a global rollout is planned. Hubli, which also powers American Express Global Business Travel’s Workspaces platform, has a global network of 185,000 spaces worldwide.

Small means big business

With its new TripActions platform, the Lufthansa Group will provide access to so-called new distribution capacity offers, which may be exclusive or incur additional costs when booked on global distribution systems. In addition to flights, it will provide accommodation, train and car rental content, and wants to attract more companies that do not have a “managed” corporate travel program.

Like the workspace project, this new all-in-one business travel platform, which is part of the Lufthansa Group’s PartnerPlusBenefit program, is progressing slowly since it is currently only available. in Germany, Austria, Switzerland and Belgium.

The BusinessToGo platform will offer program standards such as policy and profile management, emissions reporting and centralized billing, but will have two tiers, Essentials and Premium, the latter including a fee for businesses that want a “enhanced integration” and platform configuration assistance.

This is the first launch of a “completely new booking and service platform” in more than a decade, according to Tamur Goudarzi Pour, senior vice president of channel management at Lufthansa Group Network Airlines and director commercial at Swiss.

The platform will be deployed successively in other markets.

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Your Daily Wrap: Prime Minister Narendra Modi’s Europe visit, new case against Mehul Choksi, and more https://windgefluester.net/your-daily-wrap-prime-minister-narendra-modis-europe-visit-new-case-against-mehul-choksi-and-more/ Mon, 02 May 2022 13:41:43 +0000 https://windgefluester.net/your-daily-wrap-prime-minister-narendra-modis-europe-visit-new-case-against-mehul-choksi-and-more/ ◾ Last month, the Ministry of Health announced that the third “precautionary” dose of Covid-19 vaccines would be available for all people over the age of 18, from April 10. Now, nearly a month later, the Supreme Court in a landmark decision Monday says that no individual can be compelled to be vaccinated. Defending an […]]]>

◾ Last month, the Ministry of Health announced that the third “precautionary” dose of Covid-19 vaccines would be available for all people over the age of 18, from April 10. Now, nearly a month later, the Supreme Court in a landmark decision Monday says that no individual can be compelled to be vaccinated. Defending an individual’s right to bodily integrity and to refuse treatment, the court said that “no individual may be compelled to undergo vaccination”, but added that “in the interests of protection of community health, the government is empowered to regulate matters of public health concern by imposing certain limits.

◾ Two days after his release from prison in Assam, independent MP Jignesh Mevani on Monday attacked the BJP and Prime Minister Narendra Modi, saying that the complaints against him were part of a ‘pre-planned conspiracy’ to “destroy and defame” him ahead of the elections in Gujarat. “Some Godse bhakts who sit in the Prime Minister’s Office were behind my arrest,” he said.

File photo of MP Jignesh Mevani

◾ As parts of the country are reeling from intense heat waves, the meteorological department said a respite is expected soon. According to the IMD, maximum temperatures in northwestern India are expected to drop by three to four degrees Celsius and remain so until Friday. Also, there are chances of thunderstorms and rain over Jammu and Kashmir, Ladakh, Himachal Pradesh, Uttarakhand, Uttar Pradesh, East Madhya Pradesh, Bihar, ‘Odisha, Chhattisgarh, Jharkhand and all southern states until Friday.

◾ As part of his trip to three European countries, Prime Minister Narendra Modi met German Chancellor Olaf Scholz in Berlin on Monday. This is Prime Minister Modi’s first meeting with Scholz after replacing Angela Merkel as German Chancellor in December 2021.

Prime Minister Narendra Modi, Chancellor Scholz and top ministers from India and Germany meet in Berlin. (Photo: Twitter @PMOIndia)

The visit comes amid the Russian-Ukrainian war, and the two leaders reviewed the full range of bilateral relations, including boosting trade as well as cultural ties. PM Modi is due to visit Denmark on Tuesday and France on Wednesday. Click here for our full coverage of his visits.

◾ The Central Bureau of Investigation has filed a complaint against fugitive diamond trader Mehul Choksi and his company Gitanjali Gems Ltd and four others for allegedly causing an unjustified loss of Rs 22.06 crore to the Industrial Finance Corporation of India. Choksi and his nephew Nirav Modi are accused of fraud of Rs 13,600 crore at the Punjab National Bank. Both Choksi and Modi left India in January 2018, just before the scam came to light.

◾ Far from politics and geopolitics, a story to devour, this Eid, from the narrow streets of Hauz Rani – a place that tells stories of history, a place that was home to those who once sought shelter, a place that is the melting point of many cultures.

Political pulse

◾ Kashmiri IAS officer Shah Faesal, who resigned from the bureaucracy in 2019, has been reinstated in the services. With his return to IAS, the political party he founded with great “hope and promise” – Jammu and Kashmir People’s Movement (JKPM) – exists virtually only on paperjust like his promise of “hawa badlegi (change will come)”.

shah faesal officer ias jammu kashmir IAS Officer Shah Faesal (File)

◾ Days after saying no to Congress last week, a political strategist Prashant Kishor hinted that he would float his own political party. In what is seen as a step in this direction, began meeting with members of civil society and launched Jan Suraj, a campaign to gather feedback on good governance.

Express explained

◾ At least 40 people aboard a SpiceJet flight from Mumbai to Durgapur in West Bengal on Sunday were injured, 12 of them seriously injured, after the airline’s Boeing 737-800 plane encountered severe turbulence during its flight descent. When did the incident happen, what happens when a flight encounters turbulence, and are turbulence incidents dangerous? We explain

◾ The RBI’s “Money and Finance Report” released last week states that “India is set to overcome Covid-19 losses in 2034-35”. Although this statement alone has caught everyone’s attention, perhaps even more relevant is what the report says on the state of India’s economic growth as the pandemic approaches. of Covid. In ExplainSpeaking, see 11 RBI charts that explain India’s economic past, present and future.

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Lufthansa presents another Airbus A350 https://windgefluester.net/lufthansa-presents-another-airbus-a350/ Sat, 30 Apr 2022 15:34:00 +0000 https://windgefluester.net/lufthansa-presents-another-airbus-a350/ Photo: Lufthansa Lufthansa IATA/ICAO code LH/DLH Airline type Full service carrier Hub(s) Frankfurt Airport, Munich Airport Year of foundation 1953 Alliance star alliance Air group Lufthansa Group CEO Carsten Spohr Country Germany Celebrating the move of its entire Airbus A350-900 fleet to its new home at Munich Airport earlier this month, Lufthansa has christened its […]]]>

Celebrating the move of its entire Airbus A350-900 fleet to its new home at Munich Airport earlier this month, Lufthansa has christened its newest aircraft as “Munich”.

The A350, registered D-AIVC, is one of four ex-Philippine Airlines planes set to join the German flag carrier until 2022 as it expands its wide-body fleet. It should replace the less efficient four-jet Airbus A340 on routes to Montreal, Toronto and Vancouver in Canada.

In his address at the christening of the aircraft, Carsten Spohr, Chairman of the Board and CEO of Deutsche Lufthansa AG, said:

“The A350 is the quietest and most fuel-efficient long-haul aircraft in our fleet. With significantly improved business class on board, this aircraft also represents the start of one of the largest product upgrades in Lufthansa’s history. This aircraft is durable and provides customers with a premium flight experience. The “Munich” is a worthy ambassador of the Bavarian capital in the world.”

Learn more about Munich

It is the 18th A350 to join the airline and the sixth to be nicknamed “Munich”. “Munich” has served the airline for more than 60 years, with the first, a Boeing 707 registered D-ABODF, joining Lufthansa in October 1960. The previous “Munich”, an Airbus A380 registered D-AIMB, left the carrier during the pandemic after ten years of service.

The current “Munich” is the first to offer Lufthansa’s improved business class offers before a complete and extensive renewal of all cabins. The carrier will introduce a new “premium product” in all travel classes from next year.

While the current Lufthansa Business Class offers 2-2-2 seating, Munich enjoys a 1-2-1 layout, giving premium passengers direct aisle access.

The new offer will reduce the number of premium seats available on Lufthansa aircraft from 48 to 30; however, travelers will notice improved comfort. The cabin offers much more space, with seats easily convertible into two-metre-long beds and additional storage capacity.

Lufthansa will take delivery of a total of 56 Airbus A350s, gradually replacing its aging four-engine jets on long-haul routes. Photo: Getty Images

Durability improvements

By the end of 2022, Lufthansa is expected to take on three more A350s, bringing its such fleet to 21, with another 25 planned from 2023. The carrier has decided to upgrade its current fleet, with the A350 offering upgrades significant. economical compared to its current fuel-hungry Boeing 747s and A340s. By 2025, Lufthansa expects its proportion of four-engine aircraft in its long-haul fleet to decline to just 15%, from 50% before the pandemic.

With a range of up to 9,700 NM, the A350-900 consumes approximately 2.5 liters of fuel per passenger for every 100 km flown, reducing emissions by 30% compared to its predecessors.

Speaking during the move of the A350s to Munich Airport earlier this month, Deutsche Lufthansa AG Board Member Dr Detlef Kayser added:

“The Airbus A350 is one of the most modern aircraft of our time. Extremely fuel efficient, very quiet and much more economical than its predecessors. Our customers appreciate not only the durability but also the premium flight experience of this plane.”

Have you traveled on a Lufthansa A350? What was your experience? Let us know in the comments.


Turkish Airlines Fleet

Turkish Airlines announces a profit of 161 million dollars in the first quarter of 2022

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Planned Shutdown Hits Embraer First Quarter Earnings; The company remains optimistic about the future https://windgefluester.net/planned-shutdown-hits-embraer-first-quarter-earnings-the-company-remains-optimistic-about-the-future/ Thu, 28 Apr 2022 21:35:40 +0000 https://windgefluester.net/planned-shutdown-hits-embraer-first-quarter-earnings-the-company-remains-optimistic-about-the-future/ Embraer (NYSE: ERJ) said on Thursday that a planned January shutdown of its production to adjust to its commercial aviation segment’s system and legal reinstatement resulted in lower revenue in the first quarter of this year. The company posted revenue of $600.9 million in the first quarter. This is a 26% reduction in commercial activity […]]]>

Embraer (NYSE: ERJ) said on Thursday that a planned January shutdown of its production to adjust to its commercial aviation segment’s system and legal reinstatement resulted in lower revenue in the first quarter of this year.

The company posted revenue of $600.9 million in the first quarter. This is a 26% reduction in commercial activity compared to the same quarter last year amid increased business jet travel. Even with this slowdown, the company said it ended this quarter with a firm order backlog of $17.3 billion, the highest for the company since the second quarter of 2018.

However, increased service and support activity offset the overall decline in revenue. This division reported revenue of $271.2 million, representing year-over-year growth of 8%. This was the result of increased commercial air travel after the slowdown in the early days of the pandemic. Additionally, service and support improved its gross margin to 26.5% from 24.6% last year.

Overall, while the company reaffirmed its full-year guidance of delivering up to 180 jets, it reported a quarterly loss of $78.5 million. However, this is an improvement from the $95.9 million lost by the company in the first quarter of last year.

CEO Francisco Gomes Neto highlighted Embraer’s innovative investments during Thursday’s earnings call, citing the partnership with Zanite Acquisition Corp. (NASDAQ: ZNTE, ZNTEU, ZNTEW), a special purpose acquisition company (SPAC) in the final stages of taking Embraer’s Eve UAM, a public eVTOL. Pending a positive shareholder vote on May 6, Eve will become a publicly traded company on the New York Stock Exchange by May 9. Embraer would retain approximately 80% of the company.

Neto was optimistic about the company’s path forward, which included revenue growth and improved efficiency.

“We have the potential to double the company’s revenues within five years. We push a lot for… internal programs to increase efficiency,” Neto said.

Commercial aviation revenue fell 38% year-over-year to just $169.2 million due to lower aircraft deliveries in the quarter thanks to the January shutdown. Embraer delivered four E-175s to Skywest (Alaska) and two 195-E2 aircraft to Aircastle (KLM). The company will also enter the air cargo market with the launch of the E190F and E195F passenger-to-cargo (P2F) conversions, scheduled for early 2024.

Business aviation revenues have fallen 48% year over year, but the Phenom 300 continues to be the best-selling light business jet over the past 10 years. Embraer Executive Jets delivered eight aircraft (six light aircraft and two medium aircraft). Last week, Embraer announced it would hire 150 workers at its Melbourne, Fla., site to support the growth of its executive division.

In defense and security, due to no KC-390 sales, year-over-year revenue fell 47% to $68.3 million in the first quarter. However, earlier this month, Embraer signed two contracts with the Brazilian military, the first for the military’s acquisition of four additional SABER M60 radar units and the second for the development and deployment of phase two. of the army’s strategic program for the integrated border surveillance system. (SISFRON).

Finally, in the services and support division, Embraer signed a long-term contract extension with German Airways around the Embraer Pool program, which allows airlines to minimize their initial investment in inventory and repairable resources from great value and take advantage of Embraer’s technical expertise. and its extensive network of component repair service providers. Currently, Embraer’s pool program supports more than 50 airlines worldwide.

After the call, Embraer was trading up 7% at $11.65.

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Condor Airlines flights to Germany will return to BWI-Marshall https://windgefluester.net/condor-airlines-flights-to-germany-will-return-to-bwi-marshall/ Mon, 25 Apr 2022 19:24:00 +0000 https://windgefluester.net/condor-airlines-flights-to-germany-will-return-to-bwi-marshall/ Condor Airlines will bring its seasonal flights back to Germany to BWI-Marshall this summer Updated: 3:24 PM EDT April 25, 2022 Baltimore Business Journal Condor Airlines is restoring seasonal service between Frankfurt, Germany, and Thurgood Marshall International Airport in Baltimore-Washington this summer after a two-year pandemic-related hiatus. Nonstop flights will be available three times a […]]]>

Condor Airlines will bring its seasonal flights back to Germany to BWI-Marshall this summer

Condor Airlines is restoring seasonal service between Frankfurt, Germany, and Thurgood Marshall International Airport in Baltimore-Washington this summer after a two-year pandemic-related hiatus. Nonstop flights will be available three times a week on Monday, Wednesday and Saturday from June 4. The Condor hub at Frankfurt Airport also offers connecting service to over 100 destinations in Europe and beyond. Condor has offered its Baltimore-Frankfurt service seasonally since July 2012, but did not offer the flights during the summers of 2020 or 2021 due to the COVID-19 pandemic. Travel between Europe and the United States at that time was “accessible only to a limited extent,” said Mathias Friess, Condor’s vice president and regional manager for North America, in a statement. – growing demand from Americans who are now eager to visit Europe,” he added. Read the full story of our partners in the Baltimore Business Journal

Condor Airlines is resuming seasonal service between Frankfurt, Germany, and Thurgood Marshall International Airport in Baltimore-Washington this summer after a two-year pandemic-related hiatus.

Nonstop flights will be available three times a week on Monday, Wednesday and Saturday from June 4. The Condor hub at Frankfurt Airport also offers connecting service to over 100 destinations in Europe and beyond.

Condor has offered its Baltimore-Frankfurt service seasonally since July 2012, but did not offer the flights during the summers of 2020 or 2021 due to the COVID-19 pandemic. Travel between Europe and the United States during this time was “accessible only to a limited extent,” said Mathias Friess, Condor’s vice president and regional manager for North America, in a statement.

“As a result, we are seeing an increase in pent-up demand from Americans who are now eager to visit Europe,” he added.

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Raisina Dialogue, German Chancellor visits Japan and New Zealand expands reopening https://windgefluester.net/raisina-dialogue-german-chancellor-visits-japan-and-new-zealand-expands-reopening/ Sun, 24 Apr 2022 09:00:00 +0000 https://windgefluester.net/raisina-dialogue-german-chancellor-visits-japan-and-new-zealand-expands-reopening/ Welcome to your week in Asia. Major companies around the world are releasing their results this week. Apart from this, India will bring together political and business leaders in New Delhi for its first conference, the Raisina Dialogue. German Chancellor Olaf Scholz will travel to Japan to meet Prime Minister Fumio Kishida. New Zealand is […]]]>

Welcome to your week in Asia.

Major companies around the world are releasing their results this week. Apart from this, India will bring together political and business leaders in New Delhi for its first conference, the Raisina Dialogue. German Chancellor Olaf Scholz will travel to Japan to meet Prime Minister Fumio Kishida. New Zealand is set to open its doors to vaccinated visitors from more than 50 countries, starting at the weekend.

Get the best of our Asia coverage and more by following us on Twitter @NikkeiAsia.

MONDAY

India hosts Raisina Dialogue

The three-day Raisina Dialogue – India’s flagship annual conference on geopolitics and geoeconomics – kicks off. Organized jointly by the country’s Ministry of External Affairs and the New Delhi-based think tank, the Observer Research Foundation, the conference will be opened by Indian Prime Minister Narendra Modi. European Commission President Ursula von der Leyen will be the guest of honor at the opening session.

Speakers include U.S. Under Secretary of Defense for Indo-Pacific Affairs Ely Ratner; former Canadian and Australian prime ministers Stephen Harper and Anthony Abbott; and Hiroyuki Akita, Nikkei commentator on foreign affairs and international security.

Company income: ZTE, Hyundai, POSCO engine

TUESDAY

Hong Kong Watch Press Freedom Report

UK-based advocacy group Hong Kong Watch will release a report on the state of press freedom in Hong Kong, amid a sweeping crackdown on civil liberties. The report is based on interviews with 10 exiled journalists and media reports on the events.

Hong Kong was once a bastion of press freedom in the region and an Asian base for many foreign news agencies. Today, more than a dozen journalists and editors have been arrested and at least three independent newsrooms closed since Beijing imposed a sweeping national security law. Authorities have also hinted that they will introduce a “fake news” law, allegedly to combat disinformation. Critics say such a move would further stifle media freedom.

South Korea announces its GDP for the first quarter

Company profits: AU Optronics, Nomura Holdings, Japan Exchange Group, Canon, Kweichow Moutai, new oriental education

WEDNESDAY

The EGM of 51job will decide on the modified takeover offer

51job, a Chinese job search portal operator, is calling an extraordinary general meeting of shareholders to vote on a takeover bid made by a consortium including its co-founder and chief executive Rick Yan. The consortium’s latest proposal is to pay $61 per share to take the company off the Nasdaq. The bid price was cut from $79.05 in March amid deteriorating economic conditions and tighter regulatory policies in China. The company’s decision to seek a voluntary exit coincides with Washington listing more Chinese entities for possible forced ejection from the US stock market.

Company Benefits: MediaTek, UMC, LG, CATL, BYD, GAC, Sinopec, HKEX, Shenhua, SK Hynix, Shin-Etsu Chemical, Renesas Electronics, Oriental Land, Kikkoman, Luxshare

THURSDAY

German Chancellor Scholz in Tokyo

German Chancellor Olaf Scholz is in Japan until Friday to meet Prime Minister Fumio Kishida. The pair are expected to discuss Russia’s invasion of Ukraine and other global issues. “Through Chancellor Scholz’s visit to Japan, we look forward to deepening our relationship with Germany, a country with which we share fundamental values ​​and an important partner for us in responding to the problems of the international community,” he said. Japan’s chief cabinet secretary, Hirokazu Matsuno. at a press conference on April 22.

Japan updates its monetary policy

The Bank of Japan concludes a two-day monetary policy meeting, during which the central bank’s stance on inflation and the weaker yen will be closely watched. Inflation in Japan hit a 26-month high in March as more businesses passed on rising raw material and energy costs to consumers.

Taiwan announces Q1 GDP

Company income: Samsung Electronics, Apple, Intel, Twitter, AmazonWin Semiconductors, Murata Manufacturing, ANA Holdings, SMBC Nikko Securities, China Southern Air, SF, Air China, China Vanke, CNOOC

FRIDAY

Shareholders have their say on the sale of Crown Resorts

Shareholders of Australia’s largest casino operator will meet to vote on whether to accept an A$8.9 billion ($6.6 billion) takeover bid from US private equity group Blackstone . The majority shareholders of the scandal-ridden group have already pledged their support, including James Packer, the former chairman. Packer’s family founded the company and still controls the largest stake.

Corporate Benefits: Wipro, DBS, UOB, China Eastern Airlines, PetroChina, SAIC Motor

WEEKEND

New Zealand extends reopening

New Zealand, which has long enforced strict COVID-19 entry controls, will allow fully vaccinated travelers from more than 50 countries and other visa holders. Visitors will not need to self-quarantine but will be required to take two rapid antigen tests after arrival. The country plans to fully reopen in October.

China publishes its manufacturing PMI

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April 21 Live Updates: Russia Demands Mariupol ‘Liberation’ Despite Persistence of Fighters in Steel Mills, Musk Reveals Funding Plan for Twitter Bid https://windgefluester.net/april-21-live-updates-russia-demands-mariupol-liberation-despite-persistence-of-fighters-in-steel-mills-musk-reveals-funding-plan-for-twitter-bid/ Thu, 21 Apr 2022 21:36:33 +0000 https://windgefluester.net/april-21-live-updates-russia-demands-mariupol-liberation-despite-persistence-of-fighters-in-steel-mills-musk-reveals-funding-plan-for-twitter-bid/ ©REUTERS Snapchat’s parent company has seen a slowdown in ad growth in response to the war in Ukraine, which is one of many macro concerns that could weigh on its revenue outlook in the coming months. Los Angeles-based Snap said that prior to Russia’s February 24 invasion of Ukraine, year-over-year revenue growth in the quarter […]]]>

©REUTERS

Snapchat’s parent company has seen a slowdown in ad growth in response to the war in Ukraine, which is one of many macro concerns that could weigh on its revenue outlook in the coming months.

Los Angeles-based Snap said that prior to Russia’s February 24 invasion of Ukraine, year-over-year revenue growth in the quarter was 44%, which ” exceeded” his expectations. A “large number” of advertisers then suspended their campaigns after the invasion.

The majority of clients resumed their campaigns “within 10 days” of the invasion, CFO Derek Andersen said Thursday, but year-over-year revenue growth, at 32%, remained below pre-invasion levels. invasion for the rest of the first quarter.

Anderson said ‘macro headwinds’, such as supply chain disruptions, labor shortages, rising interest rates and inflationary pressures, have been further complicated by the war. and remain challenges in the current quarter.

The war’s impact on “input costs, marketing budgets and overall economic confidence was significant,” Andersen said. “The operating environment ahead could be even more challenging, resulting in further campaign pauses or advertiser budget cuts.”

Snap’s revenue forecast will rise 20-25% year-over-year in the current quarter, below analysts’ expectations of 28%. Revenue rose 38% to $1.06 billion in the first quarter, slightly beating Wall Street’s forecast of $1.07 billion.

Snap’s net loss widened to $360 million in the first quarter from $287 million a year ago, mostly due to higher costs. Analysts forecast a loss of $29 million.

On a positive note, Snap’s daily active uses rose 18% to 332 million in the first quarter, beating analysts’ expectations for 329 million. The company guided between 343 and 345 million DAUs in the current quarter, above Wall Street forecasts for around 340 million.

The shares rose 1% in after-hours trading, but swung between negative and positive territory.

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On The Money – Dems hit businesses as they cash in amid rising prices https://windgefluester.net/on-the-money-dems-hit-businesses-as-they-cash-in-amid-rising-prices/ Tue, 19 Apr 2022 22:32:00 +0000 https://windgefluester.net/on-the-money-dems-hit-businesses-as-they-cash-in-amid-rising-prices/ Businesses are reeling from high profits as consumers pay more for just about everything, and Democrats are angry about it. We’ll also look at why a mortgage giant thinks a recession is on the way and the immediate departure of airline mask mandates. But first, find out why a secretly recorded phone call has got […]]]>

Businesses are reeling from high profits as consumers pay more for just about everything, and Democrats are angry about it.

We’ll also look at why a mortgage giant thinks a recession is on the way and the immediate departure of airline mask mandates.

But first, find out why a secretly recorded phone call has got Rep. Madison Cawthorn (RN.C.) in hot water yet again.

welcome to money, your nightly guide to everything about your bills, bank account, and bottom line. For The Hill, we are Sylvan Lane, Aris Folley and Karl Evers-Hillstrom. Subscribe here.

As corporate profits rise amid inflation, Democrats cry foul

As consumers feel the pinch of inflation, corporate profits are at all-time highs, bolstering Democratic arguments that big business is ripping off consumers and making inflation worse.

Inflation has become a major headwind for Democrats ahead of this fall’s midterm elections, as the party risks losing its narrow House and Senate majorities. Rising prices have contributed to President Biden’s declining approval ratings, adding to concerns among Democrats.

But sen. Elizabeth Warren (D-Mass.) and other Democrats argue that it’s increasingly clear that part of the problem is big business and that Democrats need to go on the offensive to fight inflation by doing pressure on American companies to stop raising prices.

  • Overall after-tax corporate profits, as reported by the U.S. Bureau of Economic Analysis and compiled by the Federal Reserve Bank of St. Louis, reached $2.7 trillion in the fourth quarter of the year. last year, just off the all-time high of $2.72 trillion in the previous quarter.
  • This represents a 40% increase in profits from the pre-pandemic level of $1.96 trillion for the fourth quarter of 2019 and an increase of nearly 80% from the pandemic low point of $1.5 trillion. of dollars.
  • John Butters, an analyst at FactSet, found that 356 S&P 500 companies cited “inflation” in fourth-quarter earnings calls, which was the highest number in at least a decade.

The record number of citations on inflation, coupled with skyrocketing profits, has led Democratic senators like Warren to cry foul.

“As we emerge from two years of the coronavirus pandemic, America’s efforts to get back to normal are being hampered by inflation, in part because of corporate profits and price gouging,” she wrote in a statement. letter to the FTC.

Tobias Burns of The Hill has more here.

RECESSION WARNING

Mortgage giant says US will experience ‘modest recession’ in 2023

Government-backed mortgage giant Fannie Mae said on Tuesday the United States would experience a “modest recession” in 2023 due to inflation and other economic factors.

The company predicted in an economic and real estate forecast that such a recession would be caused by record inflation in the United States, the tightening of monetary policy by the Federal Reserve and the effects of Russia’s war against Ukraine. .

“As such, we have updated our 2023 forecast to include a modest recession, but one that we do not expect to be similar in magnitude or duration to the 2008 recession,” Doug said. Duncan, senior vice president and chief economist at Fannie Mae, said in a statement.

  • The company gave several reasons why it does not expect a recession as severe as 2008, citing the current state of the housing market, including “far superior” mortgage credit quality and loan servicers mortgages better equipped than them. were at that time.
  • However, the company expects home sales, home prices and mortgage volumes to fall over the next two years, Duncan said. “In particular, we expect house price growth to slow to a pace more consistent with income growth and interest rates.”

Learn more about The Hill’s Lexi Lonas here.

WITHOUT A MASK?

Airlines rush to drop mask mandates

Airlines and airports are rushing to drop their mask requirements following a federal court ruling that struck down the federal government’s mask mandate for planes, trains and buses.

All major U.S. airlines announced that masks are now optional shortly after the Transportation Security Administration (TSA) said late Monday that, under the new ruling, it would no longer enforce its mandate.

  • The big four carriers — American Airlines, Delta Air Lines, Southwest Airlines and United Airlines — quickly rolled back their mask requirements on Monday night, with some passengers saying they heard about the policy change mid-flight.
  • JetBlue, Alaska Airlines, Spirit Airlines, Frontier Airlines, Hawaiian Airlines and Allegiant Airlines also announced that masks will be optional on their flights following the TSA announcement.

The change comes as airports experience an increase in the number of travellers. The TSA screened nearly 2.3 million people on Monday, about 10% less than the same time in 2019.

Karl has more here.

AUF WIEDERSEHEN (GOODBYE)

SAP ends Russian operations after decades

SAP, a software company based in Germany, announced on Tuesday that it planned to leave Russia following its invasion of Ukraine.

“Today we are announcing further steps towards an orderly exit from our operations in Russia,” SAP said in a statement, adding that the company has operated in Russia for more than 30 years.

  • He said he would give unsanctioned companies the option to have their data “deleted, sent or migrated to a data center outside of Russia.”
  • SAP also said it will no longer provide support and maintenance for on-premises products. The company had previously announced that it would also halt sales in Russia and Belarus and had begun shutting down cloud operations in Russia.

Monique Beals from The Hill has more here.

Good to know

As the housing market remains volatile, with mortgage rates and house prices high, a new survey finds that more Americans are beginning to feel more pessimistic about the future of their own housing options.

A recent survey by the Federal Reserve Bank of New York showed that while households expect strong house price growth of 7% over the next 12 months, renters feel a lower likelihood of owning a home. a home, with their reported likelihood of owning falling to 43.4%. .

Here’s what else we’ve got our eyes on:

  • The Department of Education announced Tuesday that thousands of borrowers could benefit from an immediate rollback of changes the agency said it would make to address longstanding failures in federal student loan programs.
  • A coalition of House Democrats on Tuesday introduced a bill to strengthen workplace harassment and discrimination rules for matters involving congressional lawmakers.
  • Treasury Secretary Janet Yellen will forgo some Group of 20 (G-20) meetings this week over Russia’s invasion of Ukraine, a US Treasury official confirmed to The Hill.
  • The United States Postal Service will slow delivery times for a third of its first-class packages to reduce costs and its reliance on air travel amid financial difficulties.

That’s all for today. Thanks for reading and check out The Hill’s Finances page for the latest news and coverage. Well see you tomorrow.

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