Kratos receives USD 2.6m contract to develop proof of concept system for SATCOM

National security solutions provider Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) has announced that its Kratos RT Logic subsidiary has been awarded a USD 2.6m contract for the Pilot Phase 2 program to implement a proof-of-concept system, enabling an enterprise solutions to increase the capacity and resiliency of wideband satellite communications (SATCOM), the company said.

Kratos´ system will enable government satellite users to roam, similar to the way cell phone users roam through multiple cellular networks.

Under the terms of the award, Kratos will also demonstrate a prototype government network operating center (GNOC) function that responds to user requirements and service provider capabilities. The function interfaces to SATCOM gateways and remote terminals, provides situational awareness, and successfully mitigates threats.

Kratos is supported on this effort by a team of satellite operators to execute the program, including Intelsat General, SES Government Solutions, and INMARSAT.

Kratos Defense & Security Solutions, Inc. develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems.

Copa reports 1.84m revenue passenger miles in May 2018

Copa Holdings, S.A. (NYSE: CPA) has reported 1.844 in revenue passenger miles in May 2018, compared to 1.588m in May 2017, the company said.

Available seat miles (ASM) reported in May 2018 were 2,186.1m, compared to 1.927.3 in May 2017.

Load factor for May 2018 was 84.4%, compared to 82.4% in May 2017.
he month was 84.4%, 2.0 percentage points higher than May 2017.

Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to 79 destinations in 32 countries in North, Central and South America and the Caribbean.

GO Group releases survey findings on compensation for overbooked flights

The GO Group LLC, an international ground transportation provider, has released survey findings from air travelers with views on fair compensation for giving up their seats and taking a later flight, the company said.

The survey, taken by 350 passengers, reported only 22.6% of business travelers and 15.5% of leisure travelers were unwilling to give up their seats no matter how substantial the compensation. Given the complications of air travel today, GO Group said it expected more people to say ´Thanks, but no thanks´ if asked to give up their seats.

Leisure travelers were far more willing than business travelers to accept $750 or less in compensation, with 42.25% saying that amount would be adequate. Only 27.7% of business travelers felt the same way.

At the other end of the spectrum, 14.5% of business travelers wanted at least $2,000 in compensation, while just 6.8% of leisure travelers felt entitled to that amount.

Many of the respondents noted that the level of compensation should be adjusted to reflect the degree of inconvenience that taking a later flight entailed. To do that, airlines would have to give their employees a substantial level of flexibility in determining compensation for bumped passengers.

The GO Group LLC is an airport transportation provider, offering shared rides, private vehicles, sedans, charters and tours, serving some 90 airports in North America, Mexico, the Caribbean and Europe and transporting more than 13 million passengers per year.

Global Cloud Xchange confirms India Landing and completion of India Data Center

Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (RCOM), has announced new milestones in its ´Cloud & Fiber´ initiative, with the confirmation of its India Landing and completion of IDC-5, India´s largest Data Center, in preparation for the new Eagle Subsea Network, which is on target to land in India in 2020, the company said.

The new IDC-5 Data Center, located at Dhirubhai Ambani Knowledge City (DAKC) in Mumbai, has the capacity of 40MW over its almost 450,000 square feet built-up area and 6,000-rack capacity.

IDC-5 is a Green Data Center and IGBC pre-certified for Gold rating. With a best-in-class design, IDC-5 has a separate utility block for high-voltage equipment and DG sets. It is a purpose-built facility with robust floor loading of 1,200 Kg/Sq m and designed for Earthquake Seismic Zone 4.

The Eagle express cable system, when it lands in Mumbai, will drive 120Tbps of capacity towards Hong Kong and 120Tbps towards Europe. The new network will be based on state-of-the-art 100G technology using next generation Coherent Submarine Fiber.

Accenture aids Northside Hospital with energy and telecom costs

Accenture (NYSE:ACN) is helping Northside Hospital generate millions of dollars in savings by transforming supply chain and procurement operations to drive down utilities and telecommunications costs, the company said.

Accenture helped Northside Hospital establish a model that is expected to generate USD 5 million in annual savings.

Using a managed services approach, Accenture helped Northside dramatically simplify bill review and payment activities and rationalize its portfolio of energy and telecom service providers.

The energy and telecom initiatives are part of an overall procurement sourcing effort at Northside Hospital. Working closely with Northside personnel, Accenture audited bills to identify adherence to existing contracts, looking for overpayments and potential refunds. Leveraging best practices, the project team negotiated refunds and more favorable terms for energy and telecom contracts.

The Northside system consists of an extensive network of state-of-the-art facilities that include three not-for-profit hospitals in the Atlanta metro area: Northside Atlanta, Northside Forsyth, and Northside Cherokee.

With more than 800 licensed beds, Northside operates more than 200 hospital-affiliated outpatient centers and medical office buildings throughout the state of Georgia.

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. With approximately 442,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit www.accenture.com.

Alaska Air Cargo reports 40% growth in North American service

Alaska Air Cargo has expanded its cargo lift capacity by 40 percent in the continental U.S. by utilizing the 71 Airbus aircraft that became part of the Alaska Airlines fleet as part of its merger with Virgin America, the company said.

Alaska Air Cargo said it will utilize the belly space in these aircraft to provide customers with new shipping destinations and increased frequencies throughout the Alaska Airlines system.

Alaska Air Cargo serves 93 destinations offering customers reliable cargo services and the competitive advantage of Alaska Airlines broad and enhanced flight network.

In addition to increased belly load capacity, Alaska Air Cargo has upgraded its fleet to include three 737-700 retrofitted freighter aircraft. With the addition of a dedicated all-freighter fleet, Alaska Air Cargo provides reliable scheduled and drop-in service for 19 communities across Alaska; connecting them to the cargo hub in Seattle.

Alaska Air Cargo transports more than 170 million pounds of cargo annually–including seafood, mail and freight, and operates the most extensive air cargo operation on the U.S. West Coast of any passenger airline.

Alaska Airlines and its regional partners fly 44 million guests a year to more than 115 destinations with an average of 1,200 daily flights across the United States and to Mexico, Canada and Costa Rica.

Time Warner to Delist 1.95% notes due 2023 from NYSE

Time Warner LLC has announced that it has notified the New York Stock Exchange (“NYSE”) of its intention to delist voluntarily its 1.95% Notes due 2023 (the “Notes”) from the NYSE, as well as to deregister the Notes from registration with the Securities and Exchange Commission (“SEC”) following the consummation of Time Warner Inc.´s merger with AT&T Inc., the company said.

The Notes are guaranteed directly or indirectly by Time Warner´s subsidiaries Historic TW Inc., Home Box Office, Inc. and Turner Broadcasting System, Inc. The guarantees of the Notes will also be withdrawn from registration with the SEC concurrent with the deregistration of the Notes. These actions do not affect the terms of the Notes and the guarantees.

As previously announced, on October 22, 2016, Time Warner Inc. and AT&T entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which AT&T acquired Time Warner Inc. on June 14, 2018 in a stock-and-cash transaction. Time Warner has decided to delist the Notes in connection with the transactions contemplated by the Merger Agreement.

Time Warner LLC, a global provider of media and entertainment with businesses in television networks and film and TV entertainment, uses its industry-leading operating scale and brands to create, package and deliver high-quality content worldwide on a multi-platform basis.

TCS World Travel concludes partnership with National Geographic Expeditions

Tour operator of private jet expeditions TCS World Travel and National Geographic Expeditions have announced they will end their partnership to pursue new business goals, the companies said.

The decision comes as TCS World Travel focuses on expanding its branded luxury jet expeditions and custom travel division, while National Geographic Expeditions brings its private jet tour operations in-house for its 2020 trips after its 2017 acquisition of Chicago-based tour operator Global Adrenaline.

TCS World Travel has operated all National Geographic Expeditions private jet trips since 2001 and will continue to do so on departures through December 31, 2019.

With experience operating nearly 300 jet expeditions and over 1,000 custom itineraries to over 200 destinations, TCS World Travel delivers immersive travel experiences to meet the travel needs and preferences of the modern affluent traveler.

Oath debuts extended reality (XR) ad experiences

Oath, a Verizon (NYSE, Nasdaq:VZ) subsidiary, debuted new opportunities for brands to engage with consumers through extended reality (XR) ad experiences at Cannes, the company said.

Combining the art of brand building and the science of data, new 3D ad formats and first-in-market programmatic VR ads represent the company´s latest premium ad innovation for consumers to discover, interact and transact with brands.

Oath´s first-in-market programmatic VR offering enables advertisers to seamlessly extend existing display and video assets into fully immersive and consumer-first VR environments. By partnering with Admix, the first SSP for VR/AR, and programmatic trading infrastructure BidSwitch, standard IAB display and video creative assets are tagged for VR inventory and served programmatically through Oath´s DSP, making it easy for brands to run these ads in a VR environment. Agencies and brands can also tap Oath to develop custom, fully immersive VR experiences. Programmatic VR is currently available in the US and UK.

Oath´s 3D ads take brands to the next dimension by creating a lean-in, interactive experience for its one billion global members across its premium house of brands. 3D ads allow users to explore objects from any angle and help them make informed decisions throughout the consumer journey.

Oath is introducing Brandblazers, a new annual initiative to highlight forward thinking campaigns across the globe. These creative programs have pushed boundaries in advertising and delivered value across devices. To learn more visit: https://www.oath.com/brandblazers/.

Oath is a values-led company committed to building brands people love. Oath reaches one billion people around the world with a dynamic house of media and technology brands. For more, visit www.oath.com.

PHI offers senior secured notes due 2023

PHI, Inc. (The Nasdaq Select Global Market: PHII) (Nasdaq: PHIIK) has announced that it is proposing, to place privately up to a $500 million aggregate principal amount of senior secured notes due 2023, the company said.

Each of PHI´s existing and future domestic restricted subsidiaries are expected to guarantee the 2023 Notes. The actual amount of the 2023 Notes, if any, sold by PHI in connection with the Debt Offering will depend on market conditions. The 2023 Notes, if issued, would be secured by first priority liens, subject to certain customary exceptions, on mortgages on its and its guarantor subsidiaries´ oil and gas aircraft registered in the United States, Canada and Australia, and a pledge of all of the equity interests in its wholly-owned air medical subsidiary and a pledge of 66% of the equity interests in its wholly owned foreign affiliate that conducts its Asia-Pacific operations.

PHI intends to use the net proceeds from the Debt Offering, together with borrowings under a new term loan that it expects to arrange and cash on hand to complete a concurrently announced cash tender offer and consent solicitation to purchase any and all of the $500 million aggregate principal amount of PHI´s outstanding 5.25% Senior Notes due 2019 and redeem any 2019 Notes that remain outstanding following the expiration date of the Tender Transactions. The company also intends to use proceeds to fully repay and terminate PHI´s current revolving credit facility, which matures on March 7, 2019.

PHI, Inc. is one of the world´s leading helicopter services companies, operating over 240 aircraft in over 70 locations around the world.