Daily News 28JUL2015
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AIRCRAFT + ENGINES (2)
Airbus resumed flying the PW1100G-powered A320neo flight test aircraft in Toulouse, after a three-month grounding.
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Iran is willing to launch joint production lines with foreign aviation companies by negotiating with manufacturers for launching widebody aircraft production lines in the country.
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AIRSPACE + AIRPORTS (1)
New York La Guardia airport to be completely overhauled at cost of US$4 billion for first part. The LGA redesign will be in partnership with Delta (US).
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ALLIANCES + MERGERS (4)
Avianca Brasil CEO Jose Efromovich expects more consolidation across Latin America to occur, resulting in up to six major carriers. Avianca Brasil will eventually merge with Avianca Holdings (Panama).
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Flydubai (UAE) denied it is in talks with SpiceJet (India) for a stake purchase in Indian carrier.
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GKN (UK) agreed to acquire Fokker Technologies Group (Netherlands) for an enterprise value of US$780.0 million.
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Qatar Airways issues statement confirming it is not in talks to pursue a commercial stake in SpiceJet (India), and the only Indian carrier it is talking to is IndiGo.
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EARNINGS + FUNDINGS (15)
Air China aims to raise up to US$1.93 billion in a private placement of A-shares to help fund the purchase of 15 B787s and upgrade its direct sales service. Delivery of the jets is scheduled to begin from 2016.
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Air India net loss down over 26% to US$865.8 million since implementation of turnaround plan during 2011-12, as total revenue rose 33.2% to $628.4 million.
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AirAsia (Malaysia) to recapitalize Indonesia AirAsia so that the unit can meet a rule set by the country’s transport ministry.
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Avianca Brasil hopes to break-even in 2015, although “it’s going to be a tough year,” says CEO Jose Efromovich.
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Ethiopian Airlines, along with another start-run enterprise, to obtain US$300 million in funding from PTA Bank (Burundi).
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Fiji Airways to make a further lump sum repayment of US$9.4 million on its loan facility with the Fiji National Provident Fund, reducing its loan to below $47.3 million dollars.
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Fitch Ratings (US) affirmed Willis Engine Securitization Trust II Class 2012-A term notes at ‘Asf’; Outlook Stable.
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Icelandair Group reports 2Q 2105 EBITDA of US$50.3 million, with transport revenue up 2% and total revenue down 1%. Net cash from operations amounted to $86.7 million. EBITDA for 2015 will be in the range of $180-185 million.
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Jazeera Airways Group (Kuwait) reports 2Q 2015 operating revenue down 1.5% to US$45.6 million, with net profit up 14.2% to $10.5 million. For 1H, operating revenue rose 0.8% to $87.9 million and net profit rose 27.1% to $20.5 million.
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JetBlue (US) reports 2Q 2015 GAAP net income of US$230 million, with operating revenues up 7.9% to $1.6 billion. Carrier ended the quarter with $915 million in unrestricted cash and short term investments.
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Precision Castparts (US) reports 1Q fiscal 2016 airframe sales down 3% to US$779 million, with operating income down 10% to $218 million.
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SpiceJet (India) posted net profit of US$11.2 million in April-June quarter, and earned total income of $172.6 million in 1Q fiscal 2016, down 34%.
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Volaris (Mexico) reports 2Q 2015 total operating revenues up 23.9% to US$252.0 million, net income of $21.5 million, and net increase of cash and cash equivalents of $53.6 million.
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WestJet (Canada) announced that the Toronto Stock Exchange approved an amendment to its normal course issuer bid, increasing maximum number of common voting shares that may be purchased from 2,000,000 to 4,000,000.
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WestJet (Canada) reports 2Q 2015 net earnings up 18.9% to US$47.2 million, with total revenues up 1.3% to $723.2 million.
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EVENTS + PUBLICATIONS (1)
SGI Aviation (Netherlands) to host “SGI Symposium Event” in Amsterdam on 15 September 2015, focused on the main topic of “The new OEM approach to the industry”.
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FLEET + TRANSACTIONS (15)
Avianca Brasil has no plans to add capacity in 2016, after planned 2015 capacity increase from current 12% to 15% due to swap out of smaller jets for larger models.
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BlueSky Airways (Botswana) is looking to replace its aging leased B737-200, serial 23520, with up to two B737-300 and/or B737-500 to comply with new AOC requirements.
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Ceiba Intercontinental (Equatorial Guinea) B777-200, serial 60116, was seized on 10 July 2015 in France as part of ongoing dispute between Commercial Bank Guinea Ecuatorial and the Equatorial Guinea government.
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China Eastern took delivery of new B737-800, serial 41475, its 71st aircraft at its Wuhan subsidiary. At least 10 more jets to be delivered in the near future.
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China Southern took delivery of a new B737-800, serial 41334, for its Xinjiang Branch which now has a fleet of 17 aircraft.
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Ethiopian Airlines decided to end MD11F operations, as aircraft to be transferred to the US.
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Jin Air (South Korea) took delivery of its first direct-delivered B737-800, marking the 13th B737-800 to join its all-Boeing fleet. The aircraft was leased from Air Lease (US) on long-term lease.
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Malaysia Airlines delayed its planned 01 September 2015 fleet decision and instead asked its creditors to consent to an interim sub-lease agreement.
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Orix (Japan) is buying 17 aircraft, including A320s and B737s, from GECAS (US) for around US$750 million. Deal to be completed soon.
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Shandong Airlines (China) took delivery of a new B737-800, serial 44918, its seventh aircraft to be delivered in 2015.
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Sichuan Airlines (China) took delivery of a new A321, serial 6703, its 102nd aircraft.
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SpiceJet (India) expects to swap its currently wet leased A319s to aircraft on dry lease in coming months.
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Transaero (Russia) received delivery of its first A321 as a result of a long-term leasing agreement with ICBC Leasing (China). By end of 2015, carrier plans to receive three more A321s.
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Volaris (Mexico) to take delivery of two aircraft in 2H 2015, ending the year with fleet of 55 aircraft.
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Werner Aero Services (US) currently has three CFM56-7B engines in different thrusts available for immediate lease or sale. Contact Cliff Topham at ctopham@werneraero.com for details.
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MAINTENANCE + SAFETY (2)
AirAsia (Malaysia) signed a collaborative agreement to outsource MRO to Destini Aviation (Malaysia), which will be implemented in a phased manner over next six to eight months.
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Volga-Dnepr Technics (Russia) is granted CAMO approval by Bermuda CAA.
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MANAGEMENT + GOVERNMENT (4)
Avianca (Colombia) CEO Fabio Villegas to retire in January 2016. No replacement found yet.
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Qatar Airways chief executive Akbar Al Baker called for IATA to address protectionism, hitting back against US airlines campaigning to restrict what they say is heavily subsidized competition from Gulf carriers.
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Republic Airways Holdings (US) withdrew all financial guidance and disclosed it hired Seabury Group (US) to evaluate options for the company’s future and advise on improving finances and operations.
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EU safety regulators lifted a nine-year ban imposed on Ghanaian registered carriers from operating flights within the Union, following a petition by Ghana’s CAA.
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NETWORK + TRAFFIC (20)
AirAsia X (Malaysia) to launch service from Kuala Lumpur to Sapporo on 01 October 2015.
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British Airways (UK) to launch service from London Gatwick to Valencia on 06 November 2015.
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Emirates (UAE) to start A380 service from Dubai to London Gatwick on 01 January 2016, replacing B777-300ER.
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Emirates (UAE) to start Dubai – Bangkok service on 01 December 2015, with A380, replacing planned B777-300ER.
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Emirates (UAE) to start second daily service from Dubai to Lisbon on 01 January 2016, with B777-300ER.
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GOL (Brazil) to cut capacity in 2H 2015 by 1.6% from a year earlier due to weaker demand. Carrier expects prices to recover.
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Icelandair announced a full year service from Reykjavik to Brussels, beginning winter 2015/16.
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Japan Airlines reports June 2015 traffic data available for download.
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LOT Polish Airlines plans to launch services to Bangkok, Seoul, Tokyo, Venice, Cluj-Napoca, Ljubljana, Barcelona, Athens, Nice, Zurich, Beirut, Belgrade, Dusseldorf, Yerevan, Chisinau, Zagreb and Gdansk.
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Pakistan International Airlines launched new service from Turbat to Abu Dhabi on 27 July 2015, with ATR72.
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Qatar Airways Cargo to launch new freighter service from Doha to Djibouti on 01 August 2015, with A330F.
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Republic Airways Holdings (US) lost half its value, after saying a worsening pilot shortage may create more disruptions in flights. Talks are under way with American Airlines, Delta and United Airlines to possibly reduce regional flying the rest of 2015 and into 2016.
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Spring Airlines (China) is seeking approval to start flying to Russia’s Vladivostok and Yakutsk, from 2016. Japanese unit hopes to get clearance in 2015 and start flying from Tokyo to Chongqing and Wuhan.
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TUIfly (Germany) to launch seasonal service from Hamburg to Salzburg on 19 December 2015, with B737-800.
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TUIfly (Germany) to launch seasonal service from Sundsvall to Las Palmas via Cologne on 10 December 2015, with B737-800.
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Turkish Airlines to start service from Istanbul Ataturk to London Heathrow on 25 October, and to Brussels on 30 January 2016, with A340-300.
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Uzbekistan Airways reports passenger numbers down 0.7% to 1.23 million in 1H 2015, with freight down 8.6% to 18,300 metric tons.
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Wizz Air (Hungary) offered favourable conditions for three years to resume regular service from Budapest to Baku.
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Xiamen Airlines (China) launched the carrier’s first intercontinental route from Xiamen to Amsterdam on 26 July 2015, with B787.
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Iran seeks to resume direct flights to and from the US, ending a three-decade moratorium.
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