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The concessions for the operating of Brazil’s Vitória and Macaé airports has been won by Flughafen Zürich AG through a successful public tender. Handling more than 3.8 million passengers in 2018, the two airports will be added to Flughafen Zürich AG’s existing South American portfolio of four Brazilian airports, alongside two in Chile. Currently the company has a minority shareholding in the operating company of the international airport Confins in Belo Horizonte and the fully owned stake of the airport Hercilio Luz in Florianópolis.
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The concession is due to run from the second half of 2019 whereby Flughafen Zürich AG will hold 100% of the two airports and operate them for a concession period of 30 years. Expenditure of approximately US$80 million is anticipated over the next few years for the expansion of the airports.
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On group level, the newly acquired airports are expected to generate an incremental high single digit EBITDA in Swiss Francs starting in the year 2020.
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With the new and existing concessions, Flughafen Zürich AG will participate in the growth of the Brazilian aviation market and will implement its best practices developed in Switzerland while maintaining the local values. Thereby, the mission is to offer the highest service quality to
the passengers, airlines and other involved stakeholders.
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Alaska Air Group has reported February operational results on a consolidated basis, for its mainline operations operated by subsidiary Alaska Airlines and for its regional flying operated by subsidiary Horizon Air Industries and third-party regional carriers SkyWest Airlines and Peninsula Airlines, a subsidiary of RAVN Air.
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As a result of unusual winter weather in the Pacific Northwest in the month of February, the group's operation experienced significant challenges. On a combined basis for all operations, Air Group reported a 2.0% decrease in traffic on a 1.9% decrease in capacity compared to February 2018. Load factor decreased 0.1 points to 79.3%.
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Willis Lease Finance has reported a record annual pre-tax profit of US$56.3 million, from US$36.0 million in 2017, including total revenues of US$348.3 million.
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The Company’s 2018 pretax results were driven by continued revenue growth in the core leasing business and an increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve revenues of US$262.6 million were driven by high utilization of a lease portfolio that grew 24.6% to US$1.673 billion at year-end.
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Airport Strategy and Marketing (ASM) a global consulting firm dedicated to supporting airports, airlines, tourism authorities and governments with the development of new air routes, has appointed Associate Consultant, Lee Lipton Senior Vice President, Aviation Strategy.
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Based in Vancouver, Canada, Lipton will continue to support ASM’s worldwide client base and global network providing air service development and marketing services to the world's airports and air transportation stakeholders.
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In his expanded role, Lipton will be helping drive ASM’s strategy and growth with an expanded footprint. He’ll continue to work with airport investors, operator groups, financial institutions and airport construction companies, as well as reaching new markets.
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ASM, the founder of the industry’s renowned Routes events, provides clients with the strategic guidance to expand their route networks and increase passenger numbers; in addition, ASM also
offers a leading portfolio of training courses in the field of air service development.
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Tokyo-headquartered financial services firm Financial Products Group and FPG Amentum, the Dublin-based aircraft leasing/management company, have acquired an Airbus A320-200. The aircraft was bought from another lessor at delivery from Airbus and is on lease to ANA Holdings.
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Macquarie Infrastructure and Real Assets (MIRA), via Macquarie European Infrastructure Fund 1 (MEIF1) and Macquarie European Infrastructure Fund 3 (MEIF3), has reached an agreement to sell its 36% interest in Brussels Airport Company (Brussels Airport) to a consortium of APG, QIC and Swiss Life. MEIF1 and MEIF3 are closed-end funds that have reached the end of their investment terms.
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During MIRA’s long-term investment, Brussels Airport has been transformed into a leading European transport and logistics hub. The airport now contributes more than €3.2 billion in added economic value to Belgium each year and is one of the largest sources of employment in
the country.
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MIRA acquired its initial stake as part of the airport’s privatisation in 2004. During MIRA’s ownership period, more than €1billion of capital has been invested in the airport resulting in: a major terminal upgrade and re-configuration works to improve passenger flows and connection times; substantial expansion of the airport’s retail space and offerings; the development of an airport business
district and world-class cargo facilities; and initiatives to reduce the airport’s environmental impact.
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This significant investment has seen total passenger numbers increase by over 60% to 25.7 million in 2018. The airport’s route network has grown, with travelers now able to choose from 248 destinations served by 80 airlines. The airport has also delivered a significant reduction in its environmental impact – achieving the highest possible Airport Carbon Accreditation certificate (carbon neutral) from the Airport Council International in 2018.
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Lufthansa reported that total Group revenues for 2018 were a six-percent increase on the previous year. Burdened by the first-time application of the IFRS 15 accounting standard, total revenues were one percent up on 2017, at EUR 35.8 billion. The Adjusted EBIT for the year of around EUR 2.8 billion was only slightly below the record EUR 3.0 billion of the previous year, despite an increase of some EUR 850 million in fuel costs and EUR 518 million of expenses incurred through delays and cancellations (up a substantial 70 percent from the EUR 304 million of the prior year). In addition, the Eurowings result was burdened by some EUR 170 million one-off costs related to the integration of parts of the former Air Berlin fleet. Adjusted EBIT margin amounted to 7.9 percent (prior year: 8.3 percent). The net Group result for the year declined slightly to EUR 2.2 billion (prior year: EUR 2.3 billion).
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Adjusted EBIT was affected by a change in the accounting of engine overhauls, which increased Adjusted EBIT for 2018 by EUR 122 million and decreased Adjusted EBIT for 2017 by EUR 4 million. Without this accounting change, Adjusted EBIT for 2018 would have amounted to EUR 2.7 billion.
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Unit revenues adjusted for the first-time adoption of IFRS 15 and currency effects declined 0.5 percent for 2018 owing to lower unit revenues at Eurowings. Unit revenues were slightly above their prior-year level at the Group’s Network Airlines, where higher unit revenues on long-haul
routes (over the North Atlantic and to and from Asia) more than made up for lower short-haul unit revenues, especially in the second half of the year.
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Ryanair Sun will rebrand as Buzz in autumn 2019, operating on a Polish Air Operator’s Certificate (AOC).
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Ryanair Sun, a standalone business unit of the Ryanair Group, obtained its Polish AOC certificate at the beginning of 2018 and started operating for leading Polish tour-operators in summer 2018 with a fleet of 5 aircraft. Buzz’s fleet currently includes 17 aircraft, growing to 25 aircraft in summer 2019. Buzz will continue providing charter services and operating scheduled Ryanair flights and will launch its own website and app in autumn 2019.
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Buzz is one of 4 airlines of the Ryanair Holdings Group, alongside Ryanair DAC, Laudamotion and Ryanair UK.
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Michał Kaczmarzyk – Ryanair Sun CEO said:“Following a successful year of growth for Ryanair Sun, we are delighted that our planes will have a new and unique branding as we launch Buzz. Our goal is to offer services at the highest level to both customers and tour-operators. Buzz will continue to operate scheduled and charter flights, with our fleet growing to 25 aircraft by summer 2019.”
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Airbus has begun shore-to-ship trials in Singapore with its Skyways parcel delivery drone. This marks the first time drone technology has been deployed in real port conditions, to deliver a variety of small, time-critical maritime essentials to working vessels at anchorage.
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The maiden shore-to-ship delivery flight was made to the Swire Pacific Offshore’s Anchor Handling Tug Supply vessel ‘M/V Pacific Centurion’, 1.5km from the shoreline of Singapore’s Marina South Pier, carrying 1.5kg of 3D printed consumables. Landing safely on the ship deck and depositing its cargo to the shipmaster, the Skyways unmanned air vehicle swiftly returned to its base, with the entire flight taking within ten minutes.
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The trials are being undertaken in conjunction with partner Wilhelmsen Ships Services, one of the world’s leading maritime logistics and port services company. During the trials, Airbus’ Skyways drone will lift off from the pier with a payload capability of up to 4kg, and navigate autonomously along pre-determined ‘aerial corridors’ to vessels as far as 3km from the coast.
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The use of unmanned aircraft systems in the maritime industry paves the way for possible enlargement of existing ship agency services’ portfolio, speeding up deliveries by up to six times, lowering delivery costs by up to 90%, reducing carbon footprint, and significantly mitigating risks of accidents associated with launch-boat deliveries.
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Greene Tweed's Fusion™ 665, a new generation, ultra-low-temperature and chemical-resistant elastomer, was specifically formulated to meet and exceed the requirements of Aerospace Material Specification (AMS) 7379 and AMS-P-83461.
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With a temperature range of -70°F to 450°F (-57°C to 232°C), Fusion™ 665 achieves outstanding low-temperature performance without compromising high-temperature performance.
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“Prior to Greene Tweed’s Fusion™ 665, elastomer material composition resulted in trade-offs,” said Wally Hajduczek, Sealing Systems Product Manager for Aerospace, Defense, and Life Sciences. “Achieving optimal low-temp performance meant sacrificing high-temperature operating range, chemical compatibility, or dynamic sealing performance. Fusion™ 665 was developed to overcome existing limitations of comparable materials, such as NBR, FKM, or FVMQ (Fluorosilicone).”
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