|
|
|
|
|
|
|
|
|
|
LATEST NEWS
|
Tuesday, November 5th, 2019
|
|
|
|
|
Europe’s largest low-cost carrier, Dublin-based Ryanair, has posted only a 2.6% growth in passenger numbers for the financial year, its lowest growth figure since 2014. In addition, the carrier believes that if Boeing’s 737 MAX remains grounded for much longer, overall growth for the 2019 financial year will be wiped out, compared to an average 10% annual growth over the last four years.
|
Despite the setback, Neil Sorahan, Ryanair CFO, believes there is zero risk that the carrier will fail to meet its projected target of flying 200 million passengers per annum by 2024. With 210 737 MAX jets on order, Ryanair is one of Boeing’s larges customers, but CEO Michael O’Leary commented on Monday, November 4, that while the company had lowered its delivery estimate of jets by June from 30 to 20, there was “a real risk of none” being delivered in that time. While American carriers have only penciled in a return to service of the 737 MAX for early next year, European carriers will have to wait even longer in order to obtain approval for the stricken aircraft from the European Aviation Safety Agency (EASA), while Ryanair will also have to obtain specific approval for its 737 MAX200s.
|
The airline reported post-tax profit of €1.15 billion for the six months to September 30, its most profitable sector of the year, and is now predicting a full-year profit of between €800 million and €900 million. Ryanair has also warned of higher than expected losses at its Austrian subsidiary Laudamotion because of overcapacity in Austria and Germany. (€1.00 = US$1.10 at time of publication.)
|
|
|
|
|
|
|
|
Delta Air Lines has reported operating performance for October 2019. The company carried 17.5 million customers across its broad global network. System traffic for the month was up 5.2%, while capacity increased 5.1% compared to the previous year. The load factor for October was 85.6%, up 0.1 points.
|
|
|
|
|
|
The Board of Directors of Safran has selected Olivier Andries as successor to Philippe Petitcolin in the position of Chief Executive Officer with effect on January 1st, 2021, after a transition period of one year starting on January 1st, 2020. As of that date (1/1/2020), Andries will serve under Petitcolin's authority.
|
Andries has demonstrated all the qualities required to lead our Group. He has acquired solid operational experience over the past 10 years in the Group's Defence and Security activities (2009-2011) and Propulsion activities since 2011 (Safran Helicopter Engines and subsequently Safran Aircraft Engines). The year 2020 will be devoted to specific missions under the authority of Petitcolin.
|
|
|
|
|
|
|
|
Atlas Air Worldwide Holdings, has posted third-quarter 2019 income from continuing operations, net of taxes, of US$60.0 million, compared with reported income of US$71.1 million in the third quarter of 2018.
|
Reported results in the third quarter of 2019 included an unrealized gain on outstanding warrants of US$83.2 million, partially offset by a special charge, net, of US$18.9 million, compared with an unrealized gain on outstanding warrants of US$46.1 million in the year-ago period.
|
On an adjusted basis, EBITDA totaled US$95.6 million in the third quarter this year compared with US$123.9 million in the third quarter of 2018. Adjusted income from continuing operations, net of taxes, in the third quarter of 2019 totaled US$9.5 million, compared with US$43.8 million in the year-ago quarter.
|
“Our third-quarter performance was affected by the uncertain global macroenvironment, driven by ongoing tariff and trade tensions,” said Chairman and Chief Executive Officer William J. Flynn. “In addition to lower yields and volumes than we anticipated, labor-related service disruptions had a significant impact on our performance during the third quarter.
|
“Looking to the full year, we expect revenue of about US$2.75 billion, adjusted EBITDA of approximately US$500 million, and adjusted net income of approximately 60-65% of our 2018 adjusted net income.
|
|
|
|
|
|
|
|
GE Aviation has teamed up with BBAM Aircraft Leasing & Management to provide the AirVault Asset Transfer System across a fleet of 510 aircraft including Airbus, Boeing and Embraer airplanes used by more than 90 airlines. The implementation is starting this November.
|
Furthermore GE Aviation has signed an agreement with Falko Regional Aircraft to provide the AirVault Asset Transfer System across its portfolio of regional aircraft including Bombardier, Embraer, BAe Systems and ATR airplanes. The implementation is expected to start in the fourth-quarter of 2019.
|
The Asset Transfer System is a collaborative tool that streamlines and simplifies the way that leased
asset documentation is managed between airlines and lessors by allowing operators to organize records in accordance with industry standard. The system enhances the efficiency of lease returns several ways by helping operators harmonize and standardize files, perform collaborative document reviews with their lessor partners, and transfer files through an intuitive digital user interface which includes SPEC 2500 functionality.
|
|
|
|
|
|
|
|
The H-Aero is a small, helium-filled hybrid aerial vehicle. From October 28 to 31, passengers at Frankfurt Airport were able to see it floating almost silently through Halls D and E in Terminal 2. Fraport AG joined forces with the start-up Hybrid-Airplane Technologies GmbH to carry out test flights assessing whether the aerial vehicle could be used to perform status checks in the terminals.
|
The H-Aero has approval to fly over people and combines the advantages of a balloon, airplane and helicopter in a single system. The hybrid aerial vehicle can perform a vertical take-off like a helicopter, for instance. It features a helium-filled, lens-shaped balloon that keeps it in the air as well as wings that can rotate 270° to steer it in all directions.
|
The idea behind the field test is to make life easier for employees performing status checks in the terminals. Instead of having to inspect the large terminal halls on foot, employees would be able to check the sites from the comfort of their desks with the help of camera images and use this to report any necessary clean-ups or repairs. The easier identification of incidents will contribute to traffic safety in the terminals. During the test, the H-Aero flew a pre-defined route through the check-in halls and used a thermal imaging camera to transmit images of the terminal. Going forward, with the help of AI technology, the H-Aero will be able to make its rounds and report any issues autonomously.
|
|
|
|
|
|
|
|
JetHQ has expanded its team of aviation experts to meet a growing global marketplace demand. The aircraft transaction and brokerage company has announced the addition of two sales managers and a technical analyst to its experienced roster.
|
Sales Manager Jamie Roberts and Technical Analyst Steven Pinkerton have joined the company’s
U.S. headquarters in Kansas City, Mo., while Sales Manager Aman Kapur is based at JetHQ’s international headquarters in Dubai, UAE.
|
The three work with Vice President of Marketing & Sales Management Jill Plumb to manage markets and sales efforts and promote JetHQ’s premium aircraft inventory globally.
|
|
|
|
|
|
International Consolidated Airlines Group (IAG) and Globalia have signed a definitive transaction agreement under which IAG’s wholly owned subsidiary, IB OPCO Holding S.L. (Iberia), has agreed to acquire the entire issued share capital of Air Europa (Air Europa) for €1 billion to be satisfied in cash at Completion and subject to a closing accounts adjustment.
|
Air Europa, based on Mallorca, Spain, is one of the leading private airlines in Spain, operating scheduled domestic and international flights to 69 destinations, including European and long-haul routes to Latin America, the United States of America, the Caribbean and North Africa. In 2018, Air Europa generated revenue of €2.1 billion and an operating profit of €100 million. It carried 11.8 million passengers in 2018 and ended the year with a fleet of 66 aircraft.
|
The Air Europa brand will initially be retained and the company will remain as a standalone profit centre within Iberia run by Iberia CEO Luis Gallego. The managements of IAG and Iberia anticipate opportunities to unlock value through the acquisition across three key areas: integrating Air Europa into the existing Iberia hub structure at Madrid, creating commercial links between Air Europa and other IAG operating companies, in addition to inclusion into IAG’s joint businesses and integrating Air Europa onto the IAG platform of common services.
|
|
|
|
|
|
|
|
Cebu Pacific (CEB), based in the Philippines, has signed a firm order with Airbus for 16 long-range A330neo aircraft. The order firms up the wide-body portion of a previously announced Memorandum of Understanding (MoU), which also includes commitments for 10 A321XLR and five A320neo single-aisle aircraft.
|
The A330neo ordered by Cebu Pacific is a higher-capacity version of the A330-900, with up to 460 seats in a single-class configuration. Cebu Pacific plans to operate the aircraft on trunk routes within the Philippines and the rest of Asia, as well as on longer range services to Australia and the Middle East.
|
|
|
|
|
|
Nordic Aviation Capital (NAC) has delivered one ATR 72-500, MSN 570, to Loganair on lease. Prior to delivery, the aircraft has been converted to freighter configuration by NAC, providing Loganair with a 75m3 cubic capacity / 7.5t payload aircraft to operate on behalf of one of its major customers.
|
This represents the first ATR aircraft to join Loganair’s fleet.
|
|
|
|
|
|
|
|
|
|
click here to download the latest PDF edition
|
|
|
|
click here to download the latest PDF edition
|
click here to subscribe to our other free publications
|
|
AIRCRAFT & ENGINE MARKETPLACE
|
click here to view in PDF aircraft and engines available for sale and lease
|
|
UPCOMING EVENTS
|
|
|
|
|
|
|
|
|
|
