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Friday, July 29th, 2022

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IAG firms up on orders for 37 Airbus A320 neo-family jets, with option for a further 50

In addition to firming up on an order for 12 Airbus A320neo-family aircraft which were part of an options order back in August 2013, International Airlines Group (IAG) has confirmed that it has also placed a firm order for a further 25 of the family of jets, while also placing an option for 50 additional aircraft.

IAG has its corporate headquarters in London, UK and its registered office in Madrid, Spain. The group comprises Aer Lingus, British Airways, IAG Cargo, Iberia, Iberia Express, LEVEL, Vueling and Avios Group. The latest jets on firm order will be delivered between 20025 and 2028 and will be a combination of A320neos and A321neos, though the exact numbers of each will be confirmed at a later date.

IAG has also confirmed that these new aircraft will be used to replace existing A320ceo-family aircraft. The news follows on from what has been a challenging first half of the year for Airbus with additional industry concerns instigated by the geopolitical and economic climate. Airbus' CEO, Guillaume Faury has made it clear that with supply chain problems the company will have to change its targeted ramped-up production rate of the A320-family aircraft to 65 per month by the early 2024, increasing to 75 units per month by 2025.


SIA Group posts first-quarter operating profit of SG$556 million

SIA Group has posted a record first-quarter operating profit of $556 million, which was also the second-highest quarterly profit in its history. This came as the demand for air travel rose sharply after Singapore fully opened its borders to vaccinated travellers in April 2022.

SIA and Scoot carried 5.1 million passengers during the quarter – up 158.2% from the previous quarter and fourteen-fold higher than a year before. Passenger traffic and load factors were robust across all cabin classes and travel segments, as well as all regions except East Asia where border restrictions remain in certain markets. SIA’s quarterly revenue per available seat-kilometre was 10.2 cents, a record for the full-service airline.

Passenger flown revenue rose SG$1,456 million (+119.3%) quarter-on-quarter to SG$2,676 million on the back of a 126.7% growth in traffic. Passenger load factor rose 34.1% points to 79.0%, the highest since the onset of the pandemic, as the traffic growth outpaced the capacity expansion of 28.9%.

Cargo flown revenue fell SG$17 million (-1.5%) to $1,096 million, as the demand for air freight dropped due to pandemic-related lock-downs in China. The decline in cargo loads (-3.6%) was mitigated by higher yields (+2.2%), amid capacity constraints on key lanes especially between Asia and Europe. Consequently, Group revenue rose SG$1,439 million (+58.2%) to SG$3,911 million. (£1.00 = SG$1.67 at time of publication).

NAC signs agreement to lease six ATR 72-600 to Air Cairo

Nordic Aviation Capital (NAC) has confirmed that it has executed a lease agreement for six ATR 72-600 aircraft with Air Cairo, based in Cairo, Egypt. Founded in 2003, the airline provides both scheduled and charter flights in the Middle East and Europe and is majority owned by Egyptair, the flag carrier of Egypt.


United to become first airline to fly nonstop between Washington D.C. and Cape Town

United Airlines has announced new direct flights between Washington Dulles Airport and Cape Town, becoming the first airline to provide nonstop round-trip service from its nation's capital to South Africa. The U.S. Department of Transportation granted the airline three weekly direct flights, which will commence on November 17, 2022 (subject to approval by the South Africa Government).

United started seasonal service from New York/Newark to Cape Town in 2019 and expanded to year-round service in 2022. United will soon offer a total of 19 weekly flights to Africa - in addition to these new flights to Cape Town, the airline launched nonstop flights from New York/Newark to Johannesburg and Washington D.C. to Accra, Ghana and Lagos, Nigeria in 2021. 

Ethiopian Airlines orders first A350-1000 aircraft

Ethiopian Airlines Group, the flag carrier of Ethiopia, Africa’s largest airline group, has up-sized four of its A350-900 on order to the largest variant of the A350 family, the A350-1000, becoming Africa’s first customer for the aircraft.

Ethiopian Airlines has already ordered 22 A350-900s, of which 16 aircraft have been delivered. With the A350-1000 up-sizing, Ethiopian Airlines’ backlog consists of four A350-1000s and two A350-900s.


IAG Cargo delivers Q2 revenues of €411 million following network growth

IAG Cargo, the cargo division of IAG (International Airlines Group) has reported its financial results for Q2 2022, with revenues of €411 million for the period from April 1 to June 30, 2022. The Q2 results take IAG Cargo’s half-year revenue to €843 million, up 9.6% on the first half of 2021.

IAG Cargo’s Q2 2022 tonnage was up 4.6% whilst overall yield saw a reduction of 2.0% at constant currency versus the same period in 2021, despite the return of passenger led capacity.

The business now offers more destinations into North America from London-Heathrow than pre-pandemic. Route expansion included opening a new service to Portland from London-Heathrow and new services into Dallas and Washington from its Madrid hub, while the business also restarted services into Pittsburgh. Globally, IAG Cargo continues to expand its network and from its Madrid hub the business has added eight destinations since 2019.

The group’s ability to facilitate route expansion has been vital for the global transport of key goods, notably within the automotive, agricultural and perishables sectors. Additionally, since the start of the year lanes into North America have also supported the transportation of over 3,000 tonnes of milk powder as the U.S. grapples with an infant formula shortage.

Craig Radford joins Aerocare AS to lead sales and business development

Aerocare Aviation Services, the expanding UK business aviation MRO Part 145 provider, interiors and paint specialist, now under the ownership of Complete Aircraft Group (CAG), is expanding its management team with the appointment of Craig Radford to the position of Head of Sales and Business Development. In this role, Radford will focus on identifying new revenue streams for the Hawarden, Chester-based business as it ramps up, identifying and supporting new clients, as well as exploring synergies within the group.

He brings over 25 years’ valuable, customer-focused experience in various senior commercial aviation roles having previously worked for regional aircraft MRO specialists Flybe Aviation Services and ATC Lasham, prior to joining the JMC Group in 2018. He has led and secured several major technical bids supporting clients’ maintenance requirements, working with operators, aircraft lessors, OEMs and the extended supply chain".

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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543