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Wednesday, November 14th, 2018
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LATEST NEWS
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The SIA Group has reported an operating profit of S$426 million in the first half of the 2018/19 financial year, a decline of S$336 million (-44.1%) from last year’s restated profit of S$762 million. Excluding one-off items of S$175 million, however, the drop in operating profit would have been S$161 million (-27.4%). The decline was a consequence of a S$379 million (+20.4%) increase in fuel costs.
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Flown revenue for the Group rose by S$422 million, contributed by passenger flown revenue (+S$346 million or +5.8%) and cargo flown revenue S($76 million or +7.4%). Passenger flown revenue was lifted by an 8.8% increase in traffic, outpacing growth in capacity of 5.4%, driving passenger load factor for the Group airlines in aggregate to rise 2.6% points to 83.6%. Passenger unit revenue (measured in revenue per available seat-kilometres) grew 1.3% as transformation efforts yielded positive results. Cargo flown revenue was S$76 million (+7.4%) higher on stronger yields (+9.7%), partially offset by lower loads carried (-2.3%).
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Revenue contribution from engineering services fell S$19 million (-7.9%) on lower airframe and fleet management activities. Together with other miscellaneous changes in revenue, and in the absence of non-recurring revenue, Group revenue improved by S$195 million (+2.5%) to S$7,907 million.
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Group net profit fell to S$196 million, S$435 million (-68.9%) lower than a year ago.
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PANSA (the Polish Air Navigation Service Provider) and the International Air Transport Association (IATA) have announced the publication of the first edition of an Airspace Strategy for Poland (ASP). It is anticipated that the demand for aviation in Poland will double over the next 20 years to an estimated 1.5 million flights per year. In that time, passenger volumes at Polish airports may increase to 68 million passengers a year.
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Poland will have to modernize its airspace and air traffic management (ATM) network to service this demand, while ensuring safety and improving environmental performance, plus reducing costs and delays. Successful airspace and ATM modernization could generate an extra €6.0 billion (US$6.8 billion) in annual GDP and create 65,000 new Polish jobs by 2035.
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The ASP was jointly developed by IATA and PANSA and covers an agreed scope of initiatives on airspace modernization.
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Commenting on the announcement, Janusz Janiszewski, PANSA’s Acting President said: “I believe PANSA will provide an important contribution to the airspace modernization over Europe. Current evolving aviation market needs, especially the capacity demand, is a major factor which encouraged IATA and PANSA for this bottom-up initiative.”
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“Current levels of airspace-related delays across Europe are a serious inconvenience for passengers and a drag on economic activity. The projected growth in passengers—which is particularly strong in Poland—will make these challenges more acute. So PANSA’s leadership in working with airlines on an Airspace Strategy for Poland is hugely significant. Working closely with PANSA, we can ensure that Polish airspace is optimized, bringing huge economic benefits to the country”, said Rafael Schvartzman, IATA’s Regional Vice President for Europe.
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As part of a wider aim to provide for future demand for air transport, Poland is planning a new Central Transport Hub (CTH) project, including a large new airport.
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Hawaiian Airlines has named Andrew Stanbury to the role of regional director for Australia and New Zealand, effective Jan. 2. Stanbury will be responsible for leading Hawaiian’s growing commercial activities in both countries.
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Stanbury brings to Hawaiian diverse international knowledge and experience. As executive general manager for global sales at Fiji Airways for the past three years, he has been responsible for all passenger revenue related functions, including distribution, channel management and alliance sales.
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He replaces Gai Tyrrell, who served as Hawaiian’s regional director for Australia and New Zealand from November 2014 until July 2018.
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JetBlue Airways Corporation has reported its preliminary traffic results for October 2018. Traffic in October increased 9.5% from October 2017, on a capacity increase of 8.9%.
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Load factor for October 2018 was 82.9% an increase of 0.5 points from October 2017. JetBlue’s preliminary completion factor was 99.4% and its on-time performance was 78.8%. JetBlue continues to expect fourth quarter revenue per available seat mile (RASM) to range between 1.0 to 4.0%.
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Cebu Pacific Air expands its component support contract with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) to include seven A321ceo and 32 A321neo aircraft. This is on top of the component support agreement signed last year between Cebu Pacific and AFI KLM E&M covering its fleet of Airbus A320 aircraft.
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The array of services provided under the long-term contract includes component repairs from Europe and Singapore, as well as access to local spares pool. The contract extension bolsters AFI KLM E&M's leadership position across the region, embodied in particular through its local joint venture with Sabena technics, Singapore Component Solutions (SCS), a component repair shop launched in September 2016.
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Operating out of Seletar international airport, with some 6,500 m² of repair facilities, SCS is one of the region's leading multi-product and multi-fleet players. SCS specializes in repairs for A320, A330, ATR and Fokker 100 fleets with a comprehensive offering for avionics, mechanical and pneumatic components, along with aerostructure and cabin and safety components.
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Flynas, Saudi Arabia’s first low-cost airline, has begun taking delivery of its first of 80 A320neo Family aircraft. This follows an agreement signed in January 2017, with deliveries scheduled to take place from 2018 to 2026.
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Flynas is the first operator in Saudi Arabia to acquire the A320neo and currently operates a fleet of 30 A320ceos. The A320neo, powered by CFM LEAP-1A engines, will support Flynas’ expansion plans while providing greater operational efficiency and passenger comfort.
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Saudi Arabia is the largest domestic aviation market in the Middle East. Since its inception in 2007, Flynas has set ambitious growth plans that continuously develop its fleet in order to carry more passengers. In 2017, the airline carried more than 6.4 million passengers and over 3 million passengers during the first half of 2018.
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In October 2018, Frankfurt Airport (FRA) welcomed almost 6.4 million passengers – an increase of 5.2% year-on-year. Thus, traffic grew at a slightly more moderate rate compared to the previous months of the year. From January to October 2018, FRA experienced accumulated growth of 8.0%.
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Aircraft movements increased at a slightly disproportionately higher rate, climbing by 6.3% year-on-year to 46,551 takeoffs and landings. Cargo throughput (airfreight + airmail) contracted marginally by 1.0% to about 193,374 metric tons, reflecting lower demand in global trade. Accumulated maximum takeoff weights (MTOWs) rose by 4.1% to around 2.8 million metric tons.
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Across the Group, airports in Fraport’s international portfolio reported continued passenger growth. Ljubljana Airport (LJU) in Slovenia’s capital city posted a 5.1% increase to 161,446 passengers. Fraport’s Brazilian airports in Fortaleza (FOR) and Porto Alegre (POA) achieved combined growth of 5.2% to nearly 1.3 million passengers. The 14 Greek regional airports advanced by 6.1% overall, to almost 2.5 million passengers. The busiest airports in Fraport’s Greek portfolio included Thessaloniki (SKG) with 586,683 passengers (up 6.1%), Rhodes (RHO) with 540,117 passengers (down 2.7%), and Kos (KGS) with 279,198 passengers (up 12.4%).
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Peru’s Lima Airport (LIM) grew moderately by 3.3% to 1.9 million passengers in the reporting month. At the Fraport Twin Star airport’s in Varna (VAR) and Burgas (BOJ) on the Bulgarian Black Sea coast, combined traffic soared by 26.2% to 154,661 passengers. Antalya Airport (AYT) in Turkey recorded the strongest growth in Fraport’s international portfolio, with traffic rising by 29.2% to 3.7 million passengers. In October 2018, AYT reached 30 million passengers for the first time. As a result, the airport on the Turkish Riviera will hit a new all-time high for the full year. Pulkovo Airport (LED) in St. Petersburg, Russia, posted a 15.2% traffic gain to just over 1.5 million passengers. Xi’an Airport (XIY) in China welcomed nearly 4 million passengers, up 6.8%.
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Pratt & Whitney Canada, has started delivering PW127G engines to Airbus Defence and Space in support of Canada's Fixed-Wing Search and Rescue Aircraft Replacement project.
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The engines will be installed on specially configured Airbus C295 aircraft, which will be designated the CC-295 in Canada. The Canadian Department of National Defence (DND) is scheduled to receive the first of 16 CC-295 aircraft by the end of 2019. The DND intends to replace its existing search and rescue (SAR) fixed-wing aircraft with the CC-295.
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Pratt & Whitney Canada and Airbus Defence and Space have collaborated to offer the best possible aircraft to meet the Canadian Air Force's fixed-wing SAR requirements. Canada has a search area of 18 million square kilometers, making SAR operations challenging. With low fuel burn during cruise, the PW127G engine will provide the CC-295 aircraft with exceptional range and endurance for time-critical missions.
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Pratt & Whitney Canada has delivered more than 400 PW127G engines to Airbus Defence and Space for numerous C295 customers and variants. The PW100 engine family powers several aircraft families around the world, performing a variety of missions in diverse climates and flying conditions. The engine family consists of 38 engine models. With more than 9,500 engines delivered to date, the family has accumulated 190 million engine flight hours.
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Honeywell has completed initial testing of its new safety technology that helps airlines and business jets avoid runway accidents and collisions. Developed under the Single European Sky Air Traffic Management Research program with program partners Airbus, Dassault and Eurocontrol, the software-based Surface Indications and Alert System (SURF IA) gives pilots visual and audio warnings about approaching hazards on the runway. In Europe, runway incursions, which can be costly and dangerous, occur at least twice daily.
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The technology is the latest among the safety-focused product breakthroughs and inventions that Honeywell has delivered to the aerospace industry, including SmartRunway and SmartLanding, the Enhanced Ground Proximity Warning System, and SmartTraffic Collision Avoidance System.
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Traditionally, pilots have relied entirely on their line of sight and instructions from air traffic control to avoid collisions. The new Honeywell technology, through software-based data analysis and algorithms, provides early warning to aircrews, empowering pilots to make quicker decisions and avoid runway incursions. The system analyzes aircraft position data and calculates factors, such as time to collision, through specialized algorithms to alert pilots of surrounding aircraft. Honeywell's system is designed to require minimal changes to existing avionics and uses Automatic Dependent Surveillance-Broadcast Out data, a globally mandated technology upgrade due by 2020, to make installation of the solution quick and simple.
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After successful prototype testing aboard Honeywell's test aircraft, Honeywell plans to begin full-scale production development. For more information about collision avoidance and safety technology, visit Honeywell's terrain and traffic awareness page.
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Alton Aviation Consultancy has released that Brian Rynott has joined the company as a Managing Director. Based in New York, he will contribute across all of the firm’s advisory practices, with an emphasis on aircraft financing and leasing, airline advisory and restructuring, and strategy and management consulting engagements.
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Rynott is an accomplished aviation industry executive and leader, bringing Alton Aviation Consultancy and its clients nearly 20 years of experience. Prior to joining Alton, he held the position of Chief Investment Officer with Intrepid Aviation, a commercial aircraft lessor, where his primary responsibilities included implementing, managing and directing the company’s risk and portfolio management groups. Earlier in his career, he served as Vice President of Risk Management at aircraft lessor AWAS, in their Dublin and New York offices. He began his career with American Airlines in a variety of revenue management roles before joining American Express’ Enterprise Risk Management and Airline Center of Excellence teams.
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Binter Canarias, of Spain, will receive its first E195-E2 jet in the second half of 2019, becoming the first European customer of the E-Jets E2’s largest model. The airline signed a firm order with Embraer for three E195-E2s. The contract also includes purchase rights for two additional aircraft of the same model.
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This agreement was previously announced as a Letter of Intent (LoI) with an “undisclosed customer” at the Farnborough Air Show 2018, in July. With all options being exercised, the contract has a list price of US$342 million. The order was included in Embraer’s third quarter backlog of 2018. The airline will configure the aircraft with 132 seats in a very comfortable single-class layout.
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UPCOMING EVENTS
February 19 - 20, 2019 – Palma de Majorca, Spain
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