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Thursday, December 9th, 2021

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TUI reports £2.1 billion annual loss as new COVID variant threatens winter bookings

Hanover, Germany-based Touristik Union International (TUI), the world’s largest leisure, travel and tourism company is considering a potential cut to the remainder of its winter schedule as a consequence of the new Omicron COVID-19 variant begins to spread, globally. This comes on the back of the group reporting a loss of £2.1 billion for the financial year ended September 30, 2021 which it has attributed to the effects of the pandemic on the travel industry as a whole.

The potential fourth wave of the pandemic comes at a time when TUI was getting close to break-even point, having posted a July-to-September loss of £82.7 million, which also helped reduce the group’s loss from £2.7 billion in the 2019-2020 financial year. Currently many tourists who have booked holidays through the group have chosen to postpone trips rather than opt for an outright cancellation now that new travel restrictions are coming into force. The group also noted that average spend was up 15% on previous bookings as customers opt for more luxurious holidays.

TUI has remained positive that summer bookings will still rebound – bookings have reached 93% of capacity for the first three months of 2022, which equates to 69% of pre-pandemic levels. The Group's chief executive, Fritz Joussen, said: “TUI's operating business is back and has recovered significantly in the last financial quarter of 2021.” However, he added: “There will be flexibility in deciding whether to offer winter programme capacity at the lower end of the range depending on the so-called fourth corona wave and possible policy decisions with regard to the Omicron variant.”

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JetBlue and Aer Lingus expand codeshare partnership across North Atlantic

JetBlue is expanding its codeshare partnership with Aer Lingus –the Irish flag carrier – to offer customers more ways to book and connect their travel between the two airlines’ networks.

As part of the new bilateral codeshare, JetBlue is now placing its “B6” code on four Aer Lingus routes between JetBlue’s Northeast focus cities and Ireland: New York’s John F. Kennedy International Airport (JFK) to Dublin Airport (DUB), Shannon Airport (SNN) and Boston Logan International Airport (BOS) to Dublin Airport, Shannon Airport.

JetBlue intends to add its code to select Aer Lingus routes beyond Ireland in the near future.

Brazil's Federal Police receives Embraer E175 jet

Brazil's Federal Police celebrated the arrival of the first of two E175 jets, which will soon begin operating in the country. The second jet of the E175 model is expected to be delivered to the Federal Police in 2022.

The partnership between Embraer and the Federal Police spans more than 15 years, since the entry into operation of two ERJ 145 jets in 2006, both of which are still operating with the Federal Police. As well as current aircraft, the E175 will also be able to support other security forces in the country, being an asset that boosts not only Federal Police operations but those for the entire sphere of public security under the Federal Government.

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Gulfstream G500 and G600 demonstrate steep-approach landing into London City Airport

The Gulfstream G500 and Gulfstream G600 have successfully demonstrated steep-approach landings into London City Airport in England, as well as Lugano Airport and Sion Airport in Switzerland. The milestone demonstrations of low-speed handling and short-field landing capability were celebrated with a new city-pair record run.

Following official Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) steep-approach certification, anticipated next year, the G500 and G600 will gain access to challenging airports such as London City, which requires the certification due to its short runway and stringent noise-abatement requirements, as well as Lugano and similar airports located in the mountainous region of Switzerland. Lugano’s short runway, situated in the mouth of a valley, requires an extremely steep approach.

Following the landing demonstrations, the G500 and G600 each claimed city-pair speed records, departing London City Airport at average cruise speeds of Mach 0.90 and above. The G500 flew 3,077 nautical miles/5,699 kilometers to Teterboro Airport near New York in just 6 hours and 46 minutes, besting the previous record by 12 minutes despite challenging headwinds. The G600 set its own speed record from London to Seattle, completing its 4,235-nm/7,843-km flight in just 8 hours and 39 minutes.

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BAA Training Vietnam and Bamboo Airways ink long-term agreement

Pilot training centre BAA Training Vietnam and Bamboo Airways, a Vietnamese airline owned by the FLC Group, have strengthened the reliable and long-term partnership with a five-year contract from 2021 up until 2026. Under this contract, Bamboo Airways plegdes to prioritise using full flight simulator (FFS) A320/1 lease service of BAA Training Vietnam. The second part of the agreement covers A320 and E190 Type Rating services for Bamboo Airways pilots, with ATP Bridging, MCC and JOC included in the package.

In addition, BAA Training’s facilities in Europe will be the first choice of Bamboo Airways when it comes to selecting Type Rating or dry lease services for FFS A320/1 outside of Vietnam.

Managing Director of BAA Training Vietnam, Vytautas Jankauskas, says: “We have been partnering with Bamboo Airways from the very beginning of our operations in 2019. Now we are fostering this time-tested cooperation further and will invest additionally to meet the client’s needs. Responsible approach towards training quality, ambitious expansion plans and willingness to add up to the aviation sector’s prosperity in Vietnam and South-East Asia is what ties Bamboo Airways and BAA Training Vietnam together.”

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World’s first A320P2F makes its maiden flight

Elbe Flugzeugwerke (EFW), the joint venture created by Airbus and ST Engineering has achieved the first flight of the A320 Passenger-to-Freighter aircraft, the A320P2F. The flight took place on December 8, at ST’s facilities in Seletar Aerospace Park in Singapore and follows the conversion to freighter configuration, which commenced in March this year. The A320P2F complements EFW’s current line-up of freighter converted Airbus aircraft which are in service today, including the A321P2F, A330-300P2F and A330-200P2F.

Over the next few weeks, MSN2737, originally a passenger-carrying A320-200, will prepare for its ‘new life’ by undergoing a series of flight-tests which will culminate in the issuance to EFW by EASA of the aircraft’s Supplemental-Type-Certificate (STC). It will subsequently be leased by ST Engineering Aerospace Resources (STEAR), the aviation leasing arm of ST Engineering, to Vaayu Group. Its re-entry into service as a freighter is scheduled to commence in 2022. Vaayu revealed last month that it will lease five A320P2Fs from STEAR.

APOC appoints Pete Allwood as Vice President, Business Development - EMEA

APOC engages industry specialist, Pete Allwood, to guide and focus its expansion programme throughout the EMEA region. His primary responsibilities will be the development and execution of sales and programme initiatives designed to maximise APOC’s growing specialism in narrow-body aircraft and engine support.

Previously regional head for Europe, Middle-East, Africa (EMEA) at Killick Aerospace, Allwood will build upon his business development experience gained in the sale, purchase and lease of commercial B737G/A320F narrow-body aircraft, CFM56-5B/-7B and V2500-A5 engines to airlines, operators and MROs.
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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
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Tamar