Strategy – Page 159
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NewsRyanair seals deal with Irish pilots but signals Max-driven cuts
Ryanair has reached a four-year labour agreement with the union representing its Ireland-based pilots, but has renewed its warning of potential job losses and base closures as a result of the latest Boeing 737 Max delay.
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NewsQantas Group inaugurates Toowoomba pilot training academy
The Qantas Group has opened its new flight training school at Toowoomba Wellcamp Airport, with the capacity of training 250 pilots annually. “Opening our new Pilot Academy is a historic moment for Qantas, for aviation in Australia and for the thousands of future pilots who will learn how to fly ...
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NewsANA’s third A380 emerges from Airbus paint shop with orange turtle livery
Japanese carrier ANA’s third and final “Flying Honu” Airbus A380 rolled out from the airframer’s paint shop in Hamburg on 24 January.
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NewsNokScoot gets $6.6 million loan from major shareholder
NokScoot has obtained a Bt200 million ($6.56 million) loan from a major shareholder of Nok Air in the form of a promissory note. This was issued by Hatairatn Jurangkool, who owns 24.4% of Nok and is the mother of Nok’s chief executive, Wutthiphoom Jurangkool. In a disclosure to the Stock ...
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NewsJetBlue cautious in Q1 amid Puerto Rico quakes
JetBlue Airways Corporation on 23 January reported a net profit of $161 million during the fourth quarter of 2019 that slightly beat analyst expectations despite being a 5% decline year-on-year versus $170 million in 2018. The New York-based carrier during the fourth quarter reported $2 billion in operating revenue, up ...
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NewsUnited commits to EPS target with or without Max
United Airlines focused its 22 January fourth-quarter 2019 financial results call with analysts on the earnings metric itself, with president and soon-to-be chief executive Scott Kirby saying “that is the key metric” given the uncertainty surrounding the return to service of the Boeing 737 Max. “We want to focus our ...
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NewsRegional aircraft lessors and OEMs see unfulfilled demand
Demand for leased regional aircraft is “unfulfilled” and the market offers “unique opportunities” for investors, according to panel participants at the Airline Economics Growth Frontiers conference in Dublin. During the webcasted session, Chorus Aviation Capital president Steven Ridolfi highlighted “real demand for leases in the regional aircraft space that is ...
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NewsHas the growth of LCCs in Asia-Pacific peaked?
There has been a surge in low-cost travel options across Asia-Pacific since the early 2000s – but the sector may now be on the cusp of a slowdown. In the past year, low-cost carriers have stepped up co-operation while seeking to differentiate themselves, but merger and acquisition activity highlights the ...
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NewsAir freight executives see subdued 2020 before rebound
The cargo freight market is likely to remain weak this year, industry leaders believe, as it remains hampered by overcapacity and weak growth in several regions around the world.
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NewsMAVCOM fines AirAsia carriers and Malaysia Airports
The Malaysian Aviation Commission (MAVCOM) has imposed fines on local AirAsia carriers and a Malaysia Airports (MAHB) subsidiary for various infringements. AirAsia and AirAsia X were each fined MYR2 million ($491,000) for charging payment processing fees separately from base fares, which contravenes local laws on consumer protection. This is their ...
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NewsHainan forecasts turnaround back into the black
Citing improvements in its main business operations, as well as an increase in asset disposal income, Hainan Airlines forecasts a return to profitability for 2019. In an earnings forecast the carrier states that its net profit will be between CNY450 million ($65.1 million) and 675 million for the year ...
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NewsIcelandair expects minimal impact from new 737 Max delay
Icelandair says that it has made contingency plans so that the renewed delay of the Boeing 737 Max’s return to service will have minimal impact on its summer 2020 schedule and its financial bottom line.
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NewsSAA cuts back flight schedule to conserve cash
South African Airways has cancelled a number of domestic and international flights over the coming week, to preserve finances, just a day after insisting that operations to all destinations were continuing as normal. The flag-carrier says that, as part of a “responsible strategy to conserve cash”, it is cancelling several ...
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NewsCDB Aviation’s fleet grew 20% in 2019
CDB Aviation acquired 40 aircraft on operating lease in 2019, growing its fleet by 19.7% year-on-year. In a statement summarising last year’s activity, the lessor says it signed lease transactions for 54 aircraft, along with agreements to sell 22 aircraft and acquire 17. Financing transactions inked during the year are ...
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NewsNAC fleet reaches 500 aircraft
Nordic Aviation Capital has increased its fleet to 500 aircraft and posted its best first-half financial performance for the first six months of its current financial year. The Danish regional aircraft lessor, which has just opened a new headquarters building in the Irish city of Limerick, says it almost doubled ...
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NewsSIA and ANA in joint venture talks: reports
Singapore Airlines (SIA) and All Nippon Airways’ (ANA) are said to be discussing a joint venture partnership, The Straits Times has reported. It says the Star Alliance carriers may seal a deal by the end of this month and the scope of the proposed partnership is for flights between Japan ...
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NewsPutin orders proposals for new far-east Russian airline
Russian president Vladimir Putin has ordered a study into the potential for establishing a new airline for transport in the eastern regions of the country, particularly to remote areas. Putin has instructed prime minister Dmitry Medvedev to submit proposals for setting up an operator which would use Russian-built aircraft types, ...
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NewsAir Greenland opts for A330-800 to modernise fleet
Air Greenland has tentatively agreed to take a single Airbus A330-800 to replace the carrier’s ageing A330-200. The 305-seat aircraft – currently the subject of a memorandum of understanding, according to Airbus – is set to be delivered in 2021. It will mark a powerplant switch for the airline, because ...
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NewsFlybe rejects rivals’ bailout complaints
Flybe has dismissed suggestions by rivals Ryanair, EasyJet and IAG that the UK regional carrier is receiving unfair and illegal state subsidies, following the government’s decision to provide a bailout package.
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NewsIAG removes non-EU ownership limit
IAG has disclosed that the proportion of its shares held by “non-EU persons” has declined to 39.5%, from 47.5% in February 2019, enabling the group to remove maximum limits on non-EU ownership that ensure regulators class it as a European airline.