Reports from 23FEB2016 to 23MAR2016
ALLIANCES + MERGERS (2)
Qantas (Australia) and American Airlines (US) re-authorized by Australia’s competition regulators to continue to coordinate their operations on trans-Pacific routes for a further five years.
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Ryanair (Ireland) reached an “agreement in principle” with Norwegian and TAP Portugal on supplying feeder passengers for long-haul flights. Talks with Aer Lingus (Ireland) ended, while other airlines, including Ethiopian Airlines, are still in talks with the Irish LCC.
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EARNINGS + FUNDINGS (3)
DVB Bank (Germany) achieved 2015 consolidated net income after taxes of US$50.1 million, and net result from financial instruments in accordance with IAS 39 at $77.9 million. Bank completed 190 transactions with an aggregate volume of $7.7 billion during the year.
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Ethiopian Airlines Enterprise reports profit up 12% to US$165.4 million in 2014-15, with operating revenue up 6% to $2.3 billion. Group aims to reach $10 billion revenue in about a decade.
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Lufthansa Technik (Germany) reports 2015 sales revenues up 17.6% to around US$5.7 billion, with adjusted EBIT up 20% to $511.7 million.
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FLEET + TRANSACTIONS (8)
American Airlines (US) takes delivery of one A321-200, serial 7034.
American Airlines (US) took delivery of B737-800, serial 33247.
American Airlines (US) took delivery of one A321-200, serial 6998.
American Airlines (US) took delivery of one B737-800, serial 31237.
American Airlines (US) took delivery of one B777-300ER, serial 33538.
Aergo Capital (Ireland) purchased two ATR72-600s from Transportation Partners (Singapore). Aircraft will continue to be operated by Malindo Air (Malaysia). DVB Bank (Germany) provided debt finance for the transaction.
SOURCE
Envoy (US) to increase the number of aircraft it operates in 2016, with goal of eventually becoming an all-Embraer operator. American Airlines (US) advised the carrier that the transfer of CRJ700s from Envoy to PSA Airlines (US) has been deferred, and that it can expect to continue operating all 35 existing CRJs through end of 2016.
SOURCE
Jet Midwest Group (US) purchased an additional six B757-200s from American Airlines (US). Aircraft, equipped with twelve RB211 engines, are in excellent condition and will be available for sale and freighter conversions, or dismantled for parts sales.
SOURCE
MAINTENANCE + SAFETY (7)
Ethiopian Airlines B787-8, serial 34745, accidentally hit an airbridge during taxiing at Harare Airport, resulting in a large dent in the left-hand engine cowling.
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Ethiopian Airlines B787-8, serial 38754, suffered substantial damage at Addis Ababa after its nose gear collapsed moments before it prepared to leave the gate.
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Lufthansa Technik (Germany) adapted its Total Component Support one-stop component solution to customs regulations and supply chain requirements in Russia and the Eurasian Customs Union, through Lufthansa Technik Vostok Services (Russia).
SOURCE
Lufthansa Technik (Germany) further extended its market presence in Taiwan by entering into a new long-term agreement with Tigerair Taiwan. MRO to provide maintenance services including LRU services for the APU of the carrier’s growing A320 fleet.
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Lufthansa Technik (Germany) opened its first Australian Cyclean Engine Wash Service Station in Melbourne.
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Ameco (China) disassembles PW4000 engine for Ethiopian Airlines, as part of new three-year engine services contract covering PW4000s that power carrier’s B767 fleet.
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Lufthansa (Germany) A380, serial 038, recently completed a major overhaul involving 90,000 working hours and a two-month layover. The “IL-check” was performed at Lufthansa Technik Philippines.
SOURCE
MANAGEMENT + GOVERNMENT (5)
American Airlines Group (US) promoted VP – Financial Planning & Analysis Devon May to SVP – Finance, replacing Keith Bush who left the company.
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American Airlines (US) dismissed the declaratory judgment action it filed against Gogo (US) on 12 February 2016.
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American Airlines (US) promoted Ralph Lopez to VP – Miami Hub Operations, succeeding Marilyn DeVoe, who will retire.
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American Airlines (US) reached a tentative agreement on a new joint collective bargaining agreement for Dispatchers and Operational Specialists.
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JetBlue (US) supports Hawaiian Airlines (US) in its application to US regulators seeking to have the planned American Airlines (US) and Qantas (Australia) alliance limited to three years, among other conditions.
SOURCE
NETWORK + TRAFFIC (5)
American Airlines (US) to cease its New York JFK – Caracas route on 04 April 2016, due to low demand just over three months after reinstating it.
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American Airlines (US) to launch B777-300ER service from Los Angeles to Hong Kong on 07 September 2016.
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American Airlines (US) to operate B787-8 for service from Chicago O’Hare to London Heathrow on 01 June 2016, replacing B777-200ER.
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American Airlines (US) to operate last B767-300ER service from Miami to Porto Alegre on 02 March 2016.
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Ethiopian Airlines Cargo to relaunch service from Brussels to Dubai, Shanghai, Hong Kong and Guangzhou, effective 26 March 2016.
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