Pro Daily News 31OCT2023
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AIRSPACE + AIRPORTS (1)
El Al Airlines (Israel) had temporarily stopped flying over Omani airspace on its route to Bangkok for safety reasons.
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ALLIANCES + MERGERS (2)
Garuda Indonesia CEO Irfan Setiaputra hopes that the process of merging Citilink with Pelita Air Service can be completed in December 2023.
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Hornbill Skyways (Malaysia), along with the Sarawak government, signed a MOU on the management of rural air services by the acquisition of shares in MASwings with the Malaysian Aviation Group. The takeover of MASwings should be finalized within three months, with MAG possibly retaining some shares.
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EARNINGS + FUNDINGS (10)
Air Canada reports 3Q 2023 net income of US$901 million, operating revenues up 19% to $4.57 billion with liquidity at nearly $7.2 billion.
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Alsie Express (Denmark) published annual accounts for 01 May 2022 to 30 April 2023 show that the result ends up at US$0, as the carrier has received a gift from Bitten & Mads Clausens Fond (Denmark).
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ANA Holdings (Japan) reports net profit more than quadrupled from a year earlier to US$620 million in fiscal 1H ended 30 September 2023. Sales grew 26.8% to $6.6 billion.
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Finnair (Finland) announced a resolution by the Board of Directors on a fully underwritten rights offering of approximately US$602 million.
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Japan Airlines reports net profit of US$412.7 million in fiscal 1H ended 30 September 2023. Sales increased 32.7% to $5.49 billion.
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JetBlue (US) reports 3Q 2023 net loss of US$153 million and operating revenue down 8.2% to US$2.4 billion, with $1.5 billion in unrestricted cash, cash equivalents, short-term investments, and long-term marketable securities.
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LATAM Airlines Group (Chile) reports 3Q 2023 total revenues up 18.1% to US$3.05 billion, net income of US$232 million and liquidity of $2.7 billion.
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Utair (Russia) reports 9M 2023 net profit up 39.8% to US$67.5 million on revenue up 15.5% to $595.9 million.
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Vietjet Aviation (Vietnam) has received a US$100 million funding commitment from three Vietnam-based institutional investors to support its fleet expansion, network expansion and growth.
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Vietjet Aviation (Vietnam) reports 9M 2023 consolidated net profit increasing 30% to US$2.3 million as consolidated revenue rose 23% to $578 million.
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FLEET + TRANSACTIONS (23)
Air Busan (South Korea) took delivery of one A321, serial 5173, on lease.
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Air France took delivery of one A220-300, serial 55242.
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Air Lease (US) announced long-term lease placements for two new B737-8 aircraft with LOT Polish Airlines. Both aircraft are scheduled to deliver to LOT in mid-2024.
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Air Mauritius took delivery of one A330-200, serial 807, on lease.
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ANA Holdings (Japan) will need to inspect P&W engines on 33 of its Airbus family jets from January 2024, resulting in a reduction of international and domestic flights and an US$53 million hit to revenue.
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Aviarex Advisors list 1x 2001 A321-200 MSN 1629 with CFM56-5B3/P engines for immediate sale. Contact Spiro Farougias (spiro@aviarexltd.com) for further details.
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AZAL Azerbaijan Airlines took delivery of two A320s, serials 4273 and 3430, both on wet lease from GetJet (Lithuania).
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City Airlines (Germany) took delivery of one A319, serial 3245.
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Comlux Malta took delivery of one ACJ TwoTwenty, serial 50069.
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Cubana de Aviacion is exploring the possibility of purchasing more aircraft to transport passengers and cargo with the aim of improving its weakened fleet.
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Edelweiss is expanding its short-haul fleet having taken over an A320, serial 4618, from its sister carrier SWISS. The aircraft, based in Zurich, will be part of 13 A320s that will be used from summer 2024.
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Ethiopian Airlines signed lease agreement from Canada to lease three B737 MAX for the Nigeria Air project, but Nigeria said they no longer needed the planes. Ethiopian almost withdrew from the project but the government insisted it should continue with the process.
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flynas (Saudi Arabia) took delivery of one A320neo, serial 11746.
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Griffin Global Asset Management (Ireland) announce the purchase and leaseback of a second A320neo on long-term lease to Aer Lingus (Ireland). The aircraft delivered in October of 2023.
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Iberia (Spain) took delivery of one A321, serial 2488, on lease.
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IndiGo (India) took delivery of one A320, serial 3330, on wet lease from Smartlynx (Latvia).
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LATAM Airlines Group (Chile) took delivery of four B787-9s, one A321neo, three A320neos and three A320s in 3Q 2023, ending the quarter with a fleet of 321 aircraft. With regard to its cargo fleet as of the quarter end, the Group had 18 cargo freighters and recently received its 19th freighter.
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National Airlines (US) has added a nose-loading ex-China Airlines B747-400F, serial 30763, which will be operational in 1Q 2024.
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Ryanair Holdings (Ireland) CEO Michael O’Leary warned Boeing that if the anticipated delivery of 57 B737 MAX by April 2024 slips into July or August, the carrier might reject them.
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Singapore Airlines took delivery of one B787-10, serial 60266.
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TUI fly (Germany) took delivery of two B737-800s, serials 37749 and 37780, both on lease.
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WestJet (Canada) took delivery of one B737-800, serial 40837.
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Wizz Air UK took delivery of one A321neo, serial 11615.
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MANAGEMENT + GOVERNMENT (10)
Air Anka (Turkiye) was acquired by Odin Aviation (Turkiye), after previously working together on Hajj flights.
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Air India and Akasa Air (India) chief executives of have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job switching can breach competition law.
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Air Zimbabwe faces a damning audit report, which includes financial books that are in a shambles as well as the failure by the airline to account for the number of planes under its ownership.
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Asiana Airlines (South Korea) board of directors failed to come to a decision on the acquisition terms of Korean Air, thus postponing the decision to early November 2023.
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Clyde & Co (UK) announced the partner hire of Terence Liew in Singapore. Terence is a dispute resolution and aviation partner covering aviation insurance, regulatory, commercial and uninsured aviation work in Asia.
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Azores regional government changed the maximum value of expenditure with the Azores Tariff, which allows inter-island air travel at 60 euros for residents, rising to US$9 million in 2023.
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Portugal’s PM, Antonio Costa, guaranteed in parliament that, if the Lisbon hub and the “strategic function” of TAP are not ensured, the privatization of the airline will not move forward.
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US Department of Justice heads to trial today to urge a federal judge to block JetBlue on its planned US$3.8 billion acquisition of Spirit Airlines (US).
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US senators asked the Transportation Department and Consumer Financial Protection Bureau about “troubling reports” of unfair and deceptive practices in airlines’ frequent flyer and loyalty programs.
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Venezuela fails to overturn Air Canada award of a US$20 million ICSID additional facility over earnings the state refused to convert from bolivars to US dollars.
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NETWORK + TRAFFIC (11)
AAPA (Malaysia) reports Asia Pacific airlines recorded a 111.0% year-on-year increase in the number of international passengers carried to 23.7 million in September 2023, with RPKs up 90.9%, ASKs up 86.1%, and PLF up 2.0 points to 79.7%.
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Aeroitalia (Italy) to stop flights from Ancona to Bucharest, Barcelona and Vienna on 13 November 2023, due to the failure of Atim (Italy) to fulfill its commitments.
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Air India will launch direct flight service from Mumbai to Melbourne on 15 December 2023, with B787-8.
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Arkia (Israel) intends to add Tel Aviv – Grenoble service on 10 December 2023.
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Azores Airlines (Portugal) plans Ponta Delgada – Milan Malpensa route from 05 June to 27 September 2024, with A321neo.
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Hong Kong Air Cargo began flights from Hong Kong to Milan on 29 October 2023, with A330-200F.
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Jetlines (Canada) plans to add scheduled charter services from Miami to Cap Haitien and Port-au-Prince in early November with A320, initially scheduled until early-December 2023.
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LAM (Mozambique) to resume flights from Maputo to Lisbon on 12 December 2023, with B777-200ER operated by euroAtlantic Airways (Portugal).
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Norwegian agrees to continue operating charter flights for TUI (Germany) during the upcoming winter 2023/24 and summer 2024 seasons — flying 70 % of TUI’s charter operations in the Norwegian market.. Norwegian will operate flights on behalf of TUI from Norway, Sweden and Denmark to destinations across Europe.
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Singapore Airlines and Scoot will resume flights to four destinations in China from late November 2023. SIA will return to Chengdu, Chongqing and Xiamen with B737-8, while Scoot will once again fly to Changsha. SIA will also take over the Shenzhen route, currently served by Scoot.
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Urumqi Air (China) began operations at its Zhanjiang base on 29 October 2023, with eight B737-800s to be stationed at the airport.
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Available assets from   
Engines and APUs
Model ESN L/E/S Availability
PW4168A-1D P735064 L/S IMM
PW4168A-1D P735025 L/S IMM
PW4168A-1D P735026 L/S IMM
PW4168A-1D P735030 L/S IMM