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LATEST NEWS
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Wednesday, May 15th, 2019
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The day after Jet Airways chief financial officer Amit Agarwal resigned, the grounded Indian low-cost carrier’s chief operating officer, Vinay Dube has also resigned, for what has been stated as “personal reasons”. Agarwal’s resignation was effective from May 13, while Dube’s resignation is effective immediately, as of May 14. Dube joined jet Airways in 2017, having worked at Delta Airlines, Sabre Inc and American Airlines in the U.S., Europe and Asia.
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“We wish to inform that Vinay Dube, chief executive officer has resigned from services of the company with immediate effect due to personal reasons,” Jet Airways said in a regulatory filing
Tuesday. Over the last month the majority of board members of the carrier have also resigned.
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Jet Airways has been grounded since April 17 after a consortium of lenders, led by the State Bank of India (SBI), refused to extend emergency funding. However, the bank confirmed at the end of last week that having set a deadline of 1230 GMT on Friday to receive offers for the stricken carrier, there has been strong interest. Current minority investor Etihad has expressed a willingness to invest further in Jet Airways, subject to certain conditions, but an SBI spokesperson made it clear they “cannot be expected to be the sole investor” and “additional suitable investors would need to provide the majority of Jet Airways’ required recapitalization.”
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Etihad was among four investors that submitted initial bids for the airline last month. The others were private equity firms TPG Capital and Indigo Partners and Indian wealth fund National
Investment and Infrastructure Fund (NIIF). SBI has also received two unsolicited, non-binding bids for Jet, the bank’s Chairman Rajnish Kumar told reporters, after a news conference on Friday, adding it had no plans at this time to drag the airline into a bankruptcy process
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The International Air Transport Association (IATA) announced global passenger traffic results for March 2019 showing that demand (measured in revenue passenger kilometers, or RPKs) rose 3.1%, compared to the same month a year ago, which was the slowest pace for any month in nine years.
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This largely was owing to the timing of the Easter holiday, which fell nearly a month later than in 2018. On a seasonally-adjusted basis, the underlying growth rate has been relatively steady since October 2018 at a 4.1% annualized pace. Capacity (available seat kilometers or ASKs) for the month of March grew 4.2% and load factor dropped 0.9 percentage point to 81.7%.
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March international passenger demand rose just 2.5% compared to March 2018, which was down from 4.5% year-over-year growth recorded in February and almost 5 percentage points below its five-year average pace. All regions showed growth with the exception of the Middle East. Total capacity climbed 4.0%, and load factor fell 1.2 percentage points to 80.8%. European carriers saw March demand increase 4.7% over March 2018, down from 7.5% annual growth in February. The result partly reflects falling business confidence in the Eurozone and ongoing uncertainty about Brexit. March capacity rose 5.4% and load factor slid 0.6 percentage point to 84.2%, which still was the highest among regions. Asia-Pacific airlines’ traffic climbed 2.0% in March, compared to the year-ago period, which was down from 4% growth in February. However, results were stronger on a seasonally-adjusted basis. Capacity increased 4.0%, and load factor dropped 1.6 percentage points to 80.1%. Middle East carriers’ passenger demand fell 3.0% in March, marking a second consecutive month of declining traffic. This reflects the broader structural changes in the industry which have been taking place in the region. Capacity increased 2.3%, and load factor plunged 4.0 percentage points to 73.8%. North American airlines posted a 3.0% traffic rise in March compared to the year-ago period, which was down somewhat from 4.2% year-on-year growth in February. On a seasonally-adjusted basis, traffic has been trending strongly upwards, however. Capacity climbed 2.6% and load factor edged up 0.3 percentage point to 83.7%. Latin American airlines had the fastest traffic growth at 5.5%, compared to a year ago, up from 4.6% in February. March capacity rose 5.8%, and load factor dipped 0.2 percentage point to 81.9%. Latin America was the only region to show an increase in the year-on-year growth rate for March compared to February. In seasonally-adjusted terms traffic continues to trend upward sharply, notwithstanding economic and political uncertainty in some key countries. African airlines’ demand increased 2.1% compared to March 2018, down from a 2.5% rise in February. Capacity climbed 1.1%, and load factor strengthened 0.7 percentage point to 71.4%. The upward traffic trend has softened since mid-2018 in line with falling business confidence in some of the region’s key economies.
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JetBlue Airways has reported its preliminary traffic results for April 2019. Traffic in April increased 6.6% from April 2018, on a capacity increase of 7.4%. Load factor for April 2019 was 85.1%, a decrease of 0.6 points from April 2018.
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EL AL Israel Airlines and Alaska Airlines have expanded their commercial relationship to include a reciprocal frequent flyer agreement. This agreement is in addition to the codeshare agreement that recently came into effect between the airlines allowing EL AL to place its "LY" code on various Alaska Airlines "AS" flights in the U.S.
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The codeshare agreement includes flights from Newark, Los Angeles and now San Francisco onto a host of Alaska Airlines flights. From San Francisco, EL AL will place its code on flights to Seattle; San Diego; Portland, Oregon; Honolulu; Los Angeles; Palm Springs, California; Albuquerque, New Mexico; Austin, Texas; Dallas (DAL); Santa Ana, California, Everett, Washington, Kansas City, Missouri; Salt Lake City; Kona, Hawaii and Las Vegas. Upon regulatory approval, will also include flights to various points in Mexico.
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ONE Order is the IATA initiative to modernize its member airlines’ flight booking and accounting processes, to enable them to align their products even more closely to customers’ needs and substantially simplify the customer’s booking experience. Under the ONE Order approach, the customer is issued a single reference number for their journey, known as their Order ID, that covers all their flight and supplementary product documents (which have previously been handled
separately). ONE Order thus allows all the travel products and services for a particular trip – even those of other providers such as partner airlines or third parties such as hotels and car rental companies – to be fully integrated under a single booking reference number.
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The adoption of ONE Order has been made possible by IATA’s New Distribution Capability (NDC) standard, which is using the XML standard to modernize the systems communications between airlines and other travel service providers.
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Lufthansa’s ONE Order certification from IATA follows the successful completion of a one-year pilot project at the airline in collaboration with Lufthansa Systems. The project’s objective was to
conduct the entire product offer and booking process solely on the basis of the NDC and ONE Order standards. As part of the long-standing involvement of the Lufthansa Group in helping to develop new industry standards, the project’s feedback and findings were shared with both IATA and industry partners.
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Jackson Square Aviation Ireland (JSAI), a full-service commercial aircraft lessor based in Dublin, Ireland, has delivered one Boeing 737-800 aircraft from its existing fleet on lease to T'Way Air.
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Chris Dailey, President and Chief Commercial Officer, stated, "We are delighted to welcome T'Way as our newest customer. We are pleased to be able to support the airline as it embarks on the next phase of its growth in the Korean LCC market." (May, 2019).
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Lars Sandahl Sørensen has decided to leave SAS to pursue an exciting opportunity outside the company, as CEO of Dansk Industri. Lars Sandahl Sørensen will start his new position mid-August. The dates for final day at SAS and first at Dansk Industri are yet to be confirmed.
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GA Telesis' MRO Services Group has received its landing gear rating from the United States Federal Aviation Administration. This new rating allows the Company to provide their customers additional maintenance services with the same high level of quality and customer service.
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During the certification process, the Company successfully demonstrated its competency and stringent quality controls to produce a quality, airworthy product. Leading up to the certification, the Company made substantial investments in equipment and people to ensure a successful launch of this new product line.
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The Company will start with capabilities for narrow-body and regional aircraft for Airbus, Boeing, Bombardier and Embraer ramping up to service wide-body landing gear. The Company will simultaneously obtain EASA approval and will seek China CAAC approval within the first 12 months.
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Landing gear repairs and overhauls will be carried out in the Miami facility located across from Miami International Airport and will support Florida Governor Ron DeSantis’ job creation initiatives creating a significant number of new high-tech jobs. The Company has secured its first launch customer and will deliver the first ship set of landing gear this month.
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StandardAero Component Services facility, located in Prahova, Romania, has expanded its manufacturing capacity from 32,000 ft² to 43,000 ft² and also recently exceeded over 200,000 gate valves processed with High Velocity Oxygen Fuel (HVOF) coatings.
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The company has also invested in a new clean line, new fluoride penetrant inspection and additional milling and turning capacity at its Romania facility, that supports customers in the oil & gas industry by manufacturing gates, seats and stems for valves and pipelines. The facility also
manufactures landing gear bushings for the aerospace industry.
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Gate valves are commonly used in the oil & gas industry to completely shut off or provide full fluid flow in a pipeline. The interior mating surfaces require reliable & durable coatings with flatness specifications measured in nanometers.
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Various additional site capabilities include CNC machining, grit blast, grinding, lapping, cladding, HVOF, Xylan, CMM, MPI and NDT.
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Turkish Airlines has signed a contract with BAA Training for a Cadet training program. One of the TOP 3 biggest independent aviation training centers in Europe, BAA Training, is proud to announce that it will deliver training to almost 300 cadets for the airline in 3.5 years.
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Having one of Europe's youngest fleets with an average age of 8,2 years, Turkish Airlines has a total of 335 aircraft, of which 224 are narrow, 88 are wide bodies, and 23 are freighter. To operate the current fleet, the number of which is set to increase over 500 in 2023 per the carrier's growth targets, the airline has now almost 5000 pilots on its team.
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